Civic Intelligence

Phi Kappa Tau Fraternity Upsilon Chapter

990 • Fiscal year 2023 • EIN 47-0269355

Sep 01, 2022 to Aug 31, 2023 • Filed on Jan 09, 2024

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

58th percentile

0.06x

Higher debt load relative to assets than 58% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.26x

Higher debt load relative to revenue than 71% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Net Margin

7th percentile

-24%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

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

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Asset Growth

26th percentile

-3.0%

Faster asset growth than 26% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-14%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$936,905

Down $28,683 (-3.0%) from 2022

Net Assets

Down

$881,402

Down $50,686 (-5.4%) from 2022

Liabilities

Up

$55,503

Up $22,003 (+66%) from 2022

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin7th percentile

Revenue

Down

$215,069

Down $34,350 (-14%) from 2022

Expenses

Up

$265,755

Up $32,547 (+14%) from 2022

Net Income

Down

-$50,686

Down $66,897 (-413%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2023

Assets$936,905
Liabilities$55,503
Net Assets$881,402
Open 2023 Filing

Operations Trend

Revenue Growth12th 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

2023

Revenue$215,069
Expenses$265,755
Net Income-$50,686
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jan 9, 2024
Return Version
2022v5.0
Gross Receipts
$215,069
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$876,437$865,972▼ $10,465
Cash and Non-Interest-Bearing Accounts$77,176$70,933▼ $6,243
Total Assets$965,588$936,905▼ $28,683
Other Assets Total$11,975--
Liabilities
Mortgage Notes Payable Secured by Investment Property$33,500$55,503▲ $22,003
Total Liabilities$33,500$55,503▲ $22,003
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$932,088$881,402▼ $50,686
Total Net Assets Fund Balance$932,088$881,402▼ $50,686
Total Liabilities and Net Assets / Fund Balance$965,588$936,905▼ $28,683

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$815,972$598,866$1,414,838
Land$50,000-$50,000
Compensation and Service Providers
Top Officer Pay88th percentile

Board Members and Trustees

NameTitle
Mike MunroChairman
Randy ErnstAcademic Adv
Chris ConnellyAlumni Event
Kevin BoatrightAlumni Publi
Max DrausChapter Pres
Eric LenzChapter VP
Evan MarshallFinance
Michael CameronHouse Corp C
Nick DrogRecruitment
Ryan CoufalRisk Managem
Aj LeibelSecretary
Cooper ColonTreasurer
Nolan EathertonVP of Alumni
Justin BaumertVP of Health
Revenue and Support

Revenue Composition

Contributions and Grants
$215,014
Program Service Revenue
$0
Investment Income
$55
Other Revenue
$0
Change in Net Assets
$-50,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$249,033
Salaries, Compensation, and Employee Benefits$14,339
Grants and Similar Amounts Paid$2,383
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$10,591$49,639-$60,230
All Other Expenses$28,277$121-$28,398
Occupancy$27,502--$27,502
Other Salaries and Wages$11,267--$11,267
Other Expenses$9,575--$9,575
Insurance-$8,335-$8,335
Payroll Taxes$3,072--$3,072
Grants to Domestic Orgs$2,383--$2,383
Office Expenses-$1,859-$1,859
Travel$1,419--$1,419
Interest-$793-$793
Information Technology-$151-$151
Total Functional Expenses$204,857$60,898$0$265,755
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
2024-01-09

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

“Real estate taxes 8,546 0 0 brotherhood expenses 4,407 0 0 social event expenses 3,966 0 0 recruitment expenses 3,835 0 0 house supplies 2,820 0 0 house security expense 2,224 0 0 house composite expense 1,653 0 0 house lawn care expense 685 0 0 philanthropy expense 141 0 0 bank fees 0 121 0 total 28,277 121 0”

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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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IRS990/ScheduleORequiredInd0true
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/ExplanationTxt2REAL ESTATE TAXES 8,546 0 0 BROTHERHOOD EXPENSES 4,407 0 0 SOCIAL EVENT EXPENSES 3,966 0 0 RECRUITMENT EXPENSES 3,835 0 0 HOUSE SUPPLIES 2,820 0 0 HOUSE SECURITY EXPENSE 2,224 0 0 HOUSE COMPOSITE EXPENSE 1,653 0 0 HOUSE LAWN CARE EXPENSE 685 0 0 PHILANTHROPY EXPENSE 141 0 0 BANK FEES 0 121 0 TOTAL 28,277 121 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/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0965588
IRS990/TotalAssetsEOYAmt0936905
IRS990/TotalAssetsGrp/BOYAmt0965588
IRS990/TotalAssetsGrp/EOYAmt0936905
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IRS990/TotalContributionsAmt0215014
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060898
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0204857
IRS990/TotalFunctionalExpensesGrp/TotalAmt0265755
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt033500
IRS990/TotalLiabilitiesEOYAmt055503
IRS990/TotalLiabilitiesGrp/BOYAmt033500
IRS990/TotalLiabilitiesGrp/EOYAmt055503
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0932088
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0881402
IRS990/TotalRevenueGrp/ExclusionAmt055
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0215069
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0965588
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0936905
IRS990/TravelGrp/ProgramServicesAmt01419
IRS990/TravelGrp/TotalAmt01419
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06500 YORKTOWN CT
IRS990/USAddress/CityNm0LINCOLN
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068516
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE MUNRO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04023329803
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-09
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-01-10T09:10:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WARREN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MATTOX
ReturnHeader/TaxPeriodBeginDt02022-09-01
ReturnHeader/TaxPeriodEndDt02023-08-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$936,905
Liabilities
$55,503
Net assets
$881,402
Revenue
$215,069
Expenses
$265,755
Net income
-$50,686
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