Civic Intelligence

Phi Kappa Tau Fraternity Upsilon Chapter

990 • Fiscal year 2022 • EIN 47-0269355

Sep 01, 2021 to Aug 31, 2022 • Filed on Sep 29, 2023

Organization Profile
5305 Huntington AveLincoln, NE 68504

(402) 580-3254

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.03x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.13x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

Net Margin

53rd percentile

6.5%

Higher net margin than 53% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

Asset Growth

48th percentile

1.2%

Faster asset growth than 48% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

26%

Faster revenue growth than 71% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$965,588

Up $11,450 (+1.2%) from 2021

Net Assets

Up

$932,088

Up $16,211 (+1.8%) from 2021

Liabilities

Down

$33,500

Down $4,761 (-12%) from 2021

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin53rd percentile

Revenue

Up

$249,419

Up $50,800 (+26%) from 2021

Expenses

Down

$233,208

Down $6,878 (-2.9%) from 2021

Net Income

Up

$16,211

Up $57,678 (+139%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2014: $1,150,559Liabilities 2014: $271,071Net Assets 2014: $879,4882014Assets 2015: $1,149,193Liabilities 2015: $225,511Net Assets 2015: $923,6822015Assets 2016: $1,126,517Liabilities 2016: $164,653Net Assets 2016: $961,8642016Assets 2017: $1,072,392Liabilities 2017: $115,437Net Assets 2017: $956,9552017Assets 2018: $1,043,512Liabilities 2018: $102,376Net Assets 2018: $941,1362018Assets 2019: $1,042,869Liabilities 2019: $66,981Net Assets 2019: $975,8882019Assets 2020: $1,003,159Liabilities 2020: $45,815Net Assets 2020: $957,3442020Assets 2021: $954,138Liabilities 2021: $38,261Net Assets 2021: $915,8772021Assets 2022: $965,588Liabilities 2022: $33,500Net Assets 2022: $932,0882022Assets 2023: $936,905Liabilities 2023: $55,503Net Assets 2023: $881,4022023Assets 2024: $927,778Liabilities 2024: $40,613Net Assets 2024: $887,1652024Assets 2025: $873,115Liabilities 2025: $28,743Net Assets 2025: $844,3722025

Highlighted filing

2022

Assets$965,588
Liabilities$33,500
Net Assets$932,088
Open 2022 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2014: $187,878Expenses 2014: $187,410Net Income 2014: $4682014Revenue 2015: $198,505Expenses 2015: $149,654Net Income 2015: $48,8512015Revenue 2016: $219,579Expenses 2016: $181,397Net Income 2016: $38,1822016Revenue 2017: $197,364Expenses 2017: $202,273Net Income 2017: -$4,9092017Revenue 2018: $224,477Expenses 2018: $240,296Net Income 2018: -$15,8192018Revenue 2019: $232,475Expenses 2019: $197,723Net Income 2019: $34,7522019Revenue 2020: $202,052Expenses 2020: $220,596Net Income 2020: -$18,5442020Revenue 2021: $198,619Expenses 2021: $240,086Net Income 2021: -$41,4672021Revenue 2022: $249,419Expenses 2022: $233,208Net Income 2022: $16,2112022Revenue 2023: $215,069Expenses 2023: $265,755Net Income 2023: -$50,6862023Revenue 2024: $258,006Expenses 2024: $252,243Net Income 2024: $5,7632024Revenue 2025: $239,447Expenses 2025: $282,240Net Income 2025: -$42,7932025

Highlighted filing

2022

Revenue$249,419
Expenses$233,208
Net Income$16,211
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Sep 29, 2023
Return Version
2021v4.0
Gross Receipts
$249,419
Mission and Program Overview

Mission

The mission of phi kappa tau is to champion a lifelong commitment to brotherhood learning ethical leadership and exemplary character.

The mission of phi kappa tau is to champion a lifelong commitment to brotherhood, learning, ethical leadership, and exemplary character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$886,299$876,437▼ $9,862
Cash and Non-Interest-Bearing Accounts$67,839$77,176▲ $9,337
Total Assets$954,138$965,588▲ $11,450
Other Assets Total-$11,975-
Liabilities
Mortgage Notes Payable Secured by Investment Property$36,850$33,500▼ $3,350
Unsecured Notes Loans Payable$1,411--
Total Liabilities$38,261$33,500▼ $4,761
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$915,877$932,088▲ $16,211
Total Net Assets Fund Balance$915,877$932,088▲ $16,211
Total Liabilities and Net Assets / Fund Balance$954,138$965,588▲ $11,450

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$826,437$538,636$1,365,073
Land$50,000-$50,000
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
Mike MunroChairman
Randy ErnstAcademic Adv
Chris ConnellyAlumni Event
Kevin BoatrightAlumni Publi
Adin LeibelChapter Pres
Max DrausChapter VP
Lincoln ZehrFinance
Michael CameronHouse Corp C
Nick DrogRecruitment
Mick MickleRisk Managem
Trevor LinnSecretary
Marshall ChasekTreasurer
Sam KohmetscherVP of Alumni
Justin BaumertVP of Health
Revenue and Support

Revenue Composition

Contributions and Grants
$249,412
Program Service Revenue
$0
Investment Income
$7
Other Revenue
$0
Change in Net Assets
$16,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$217,010
Salaries, Compensation, and Employee Benefits$13,709
Grants and Similar Amounts Paid$2,489
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$48,818-$48,818
All Other Expenses$25,196$16-$25,212
Occupancy$22,964--$22,964
Other Salaries and Wages$10,992--$10,992
Other Expenses$8,575--$8,575
Insurance-$6,863-$6,863
Travel$2,833--$2,833
Payroll Taxes$2,717--$2,717
Grants to Domestic Orgs$2,489--$2,489
Office Expenses-$1,238-$1,238
Information Technology-$370-$370
Interest-$3-$3
Total Functional Expenses$175,900$57,308$0$233,208
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Each year the chapter and house corporation provide financial information to current vp of finance, evan marshall who prepares return. The form is then shared with the board of governors and chapter. The executive offices of phi kappa tau receive a copy as well.”

Form 990, Page 6, Part VI, Line 19

“All documents specifically related to the upsilon chapter of phi kappa tau are available upon request. In addition, a copy of the form 990 is available on guidestar.org. National phi kappa tau documents including risk management policy, constitution, and by-laws are available at phikappatau.org. Financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Phi Kappa Tau Fraternity
EIN
47-0269355
Phone
4025803254
Address
5305 HUNTINGTON AVE, LINCOLN, NE 68504

Signing Officer

Name
Mike Munro
Title
Chairman
Phone
4023329803
Signed
2023-09-29

Organization Details

Principal Officer
Mike Munro
Formed
1923
Legal Domicile
Ne
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
75
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Alumni event expenses 6,970 0 0 social event expenses 6,190 0 0 brotherhood expenses 3,581 0 0 house supplies 3,044 0 0 recruitment expenses 2,875 0 0 house security expense 1,864 0 0 house lawn care expense 588 0 0 philanthropy expense 84 0 0 bank fees 0 16 0 total 25,196 16 0”

Raw XML Appendix338 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH YEAR THE CHAPTER AND HOUSE CORPORATION PROVIDE FINANCIAL INFORMATION TO CURRENT VP OF FINANCE, EVAN MARSHALL WHO PREPARES RETURN. THE FORM IS THEN SHARED WITH THE BOARD OF GOVERNORS AND CHAPTER. THE EXECUTIVE OFFICES OF PHI KAPPA TAU RECEIVE A COPY AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS SPECIFICALLY RELATED TO THE UPSILON CHAPTER OF PHI KAPPA TAU ARE AVAILABLE UPON REQUEST. IN ADDITION, A COPY OF THE FORM 990 IS AVAILABLE ON GUIDESTAR.ORG. NATIONAL PHI KAPPA TAU DOCUMENTS INCLUDING RISK MANAGEMENT POLICY, CONSTITUTION, AND BY-LAWS ARE AVAILABLE AT PHIKAPPATAU.ORG. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALUMNI EVENT EXPENSES 6,970 0 0 SOCIAL EVENT EXPENSES 6,190 0 0 BROTHERHOOD EXPENSES 3,581 0 0 HOUSE SUPPLIES 3,044 0 0 RECRUITMENT EXPENSES 2,875 0 0 HOUSE SECURITY EXPENSE 1,864 0 0 HOUSE LAWN CARE EXPENSE 588 0 0 PHILANTHROPY EXPENSE 84 0 0 BANK FEES 0 16 0 TOTAL 25,196 16 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt0965588
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IRS990/TotalContributionsAmt0249412
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057308
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175900
IRS990/TotalFunctionalExpensesGrp/TotalAmt0233208
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt038261
IRS990/TotalLiabilitiesEOYAmt033500
IRS990/TotalLiabilitiesGrp/BOYAmt038261
IRS990/TotalLiabilitiesGrp/EOYAmt033500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0915877
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0932088
IRS990/TotalRevenueGrp/ExclusionAmt07
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0249419
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0954138
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0965588
IRS990/TravelGrp/ProgramServicesAmt02833
IRS990/TravelGrp/TotalAmt02833
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01411
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06500 YORKTOWN CT
IRS990/USAddress/CityNm0LINCOLN
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068516
IRS990/VotingMembersGoverningBodyCnt012
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE MUNRO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04023329803
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHI KAPPA TAU FRATERNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0UPSILON CHAPTER
ReturnHeader/Filer/BusinessNameControlTxt0PHIK
ReturnHeader/Filer/EIN0470269355
ReturnHeader/Filer/PhoneNum04025803254
ReturnHeader/Filer/USAddress/AddressLine1Txt05305 HUNTINGTON AVE
ReturnHeader/Filer/USAddress/CityNm0LINCOLN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068504
ReturnHeader/ReturnTs02023-09-29T11:06:38-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WARREN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MATTOX
ReturnHeader/TaxPeriodBeginDt02021-09-01
ReturnHeader/TaxPeriodEndDt02022-08-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$965,588
Liabilities
$33,500
Net assets
$932,088
Revenue
$249,419
Expenses
$233,208
Net income
$16,211
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.87$0.03$0.84$0.24$0.28$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.93$0.04$0.89$0.26$0.25$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.94$0.06$0.88$0.22$0.27$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.97$0.03$0.93$0.25$0.23$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.04$0.92$0.20$0.24$0.04
2020Summary only. Only limited summary data is available for this year.$1.00$0.05$0.96$0.20$0.22$0.02
2019Summary only. Only limited summary data is available for this year.$1.04$0.07$0.98$0.23$0.20$0.03
2018Summary only. Only limited summary data is available for this year.$1.04$0.10$0.94$0.22$0.24$0.02
2017Summary only. Only limited summary data is available for this year.$1.07$0.12$0.96$0.20$0.20$0.00
2016Summary only. Only limited summary data is available for this year.$1.13$0.16$0.96$0.22$0.18$0.04
2015Summary only. Only limited summary data is available for this year.$1.15$0.23$0.92$0.20$0.15$0.05
2014Summary only. Only limited summary data is available for this year.$1.15$0.27$0.88$0.19$0.19$0.00