Civic Intelligence

Pi Kappa Phi Properties Inc

990 • Fiscal year 2020 • EIN 59-6216310

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 18, 2021

Organization ProfileN/A
2015 Ayrsley Town Blvd No 200Charlotte, NC 28273

(704) 504-0888

Siviq Scores

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

Liabilities / Assets

96th percentile

0.77x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

3.38x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2020

Net Margin

21st percentile

-14%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

27th percentile

$261,704

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2020 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2020

Asset Growth

3rd percentile

-8.7%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)7 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

0.1%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)7 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$34,706,217

Down $3,294,188 (-8.7%) from 2019

Net Assets

Down

$8,074,455

Down $1,088,033 (-12%) from 2019

Liabilities

Down

$26,631,762

Down $2,206,155 (-7.7%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin21st percentile

Revenue

Up

$7,875,590

Up $9,367 (+0.1%) from 2019

Expenses

Up

$8,963,623

Up $1,446,709 (+19%) from 2019

Net Income

Down

-$1,088,033

Down $1,437,342 (-411%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$40M$30M$20M$10M$0Assets 2011: $9,910,467Liabilities 2011: $5,956,154Net Assets 2011: $3,954,3132011Assets 2012: $10,395,202Liabilities 2012: $6,351,086Net Assets 2012: $4,044,1162012Assets 2013: $9,837,642Liabilities 2013: $5,668,244Net Assets 2013: $4,169,3982013Assets 2014: $12,053,447Liabilities 2014: $7,608,322Net Assets 2014: $4,445,1252014Assets 2015: $15,658,555Liabilities 2015: $10,701,360Net Assets 2015: $4,957,1952015Assets 2016: $20,961,336Liabilities 2016: $15,782,883Net Assets 2016: $5,178,4532016Assets 2017: $20,917,938Liabilities 2017: $15,514,392Net Assets 2017: $5,403,5462017Assets 2018: $32,017,059Liabilities 2018: $23,203,879Net Assets 2018: $8,813,1802018Assets 2019: $38,000,405Liabilities 2019: $28,837,917Net Assets 2019: $9,162,4882019Assets 2020: $34,706,217Liabilities 2020: $26,631,762Net Assets 2020: $8,074,4552020Assets 2021: $34,772,740Liabilities 2021: $28,060,757Net Assets 2021: $6,711,9832021Assets 2022: $36,157,884Liabilities 2022: $27,674,872Net Assets 2022: $8,483,0122022Assets 2023: $37,161,340Liabilities 2023: $27,545,797Net Assets 2023: $9,615,5432023

Highlighted filing

2020

Assets$34,706,217
Liabilities$26,631,762
Net Assets$8,074,455
Open 2020 Filing

Operations Trend

Revenue Growth63rd percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,580,7482011Expenses 2012: $1,806,5392012Expenses 2013: $2,209,1282013Revenue 2014: $2,568,107Expenses 2014: $2,292,380Net Income 2014: $275,7272014Revenue 2015: $3,313,634Expenses 2015: $2,801,564Net Income 2015: $512,0702015Revenue 2016: $4,286,266Expenses 2016: $4,065,008Net Income 2016: $221,2582016Revenue 2017: $5,014,462Expenses 2017: $4,789,369Net Income 2017: $225,0932017Revenue 2018: $9,350,222Expenses 2018: $5,940,589Net Income 2018: $3,409,6332018Revenue 2019: $7,866,223Expenses 2019: $7,516,914Net Income 2019: $349,3092019Revenue 2020: $7,875,590Expenses 2020: $8,963,623Net Income 2020: -$1,088,0332020Revenue 2021: $7,753,647Expenses 2021: $9,116,119Net Income 2021: -$1,362,4722021Revenue 2022: $10,688,194Expenses 2022: $8,917,165Net Income 2022: $1,771,0292022Revenue 2023: $10,389,522Expenses 2023: $9,260,074Net Income 2023: $1,129,4482023

Highlighted filing

2020

Revenue$7,875,590
Expenses$8,963,623
Net Income-$1,088,033
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 18, 2021
Return Version
2019v5.1
Gross Receipts
$7,891,807
Mission and Program Overview

Mission

Pi kappa phi properties, inc is organized for pleasure, recreation and other non-profit purposes. Specifically, pi kappa phi properties, inc.'s purpose is to provide housing and management expertise for local chapters of pi kappa phi fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,946,075$26,799,035▼ $6,147,040
Other Notes and Loans Receivable, Net$2,585,600$1,984,836▼ $600,764
Cash and Non-Interest-Bearing Accounts$643,788$1,909,572▲ $1,265,784
Accounts Receivable$565,030$348,607▼ $216,423
Prepaid Expenses and Deferred Charges$330,828$28,092▼ $302,736
Savings and Temporary Cash Investments$6,463$6,620▲ $157
Total Assets$38,000,405$34,706,217▼ $3,294,188
Other Assets Total$922,621$3,629,455▲ $2,706,834
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,434,838$21,223,382▼ $3,211,456
Other Liabilities$176,148$2,929,705▲ $2,753,557
Unsecured Notes Loans Payable$3,897,558$2,038,520▼ $1,859,038
Accounts Payable and Accrued Expenses$131,772$351,549▲ $219,777
Deferred Revenue$197,601$88,606▼ $108,995
Total Liabilities$28,837,917$26,631,762▼ $2,206,155
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,162,488$8,074,455▼ $1,088,033
Total Net Assets Fund Balance$9,162,488$8,074,455▼ $1,088,033
Total Liabilities and Net Assets / Fund Balance$38,000,405$34,706,217▼ $3,294,188

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,970,562$3,907,772$20,878,334
Land$6,690,816-$6,690,816
Other Land Buildings$2,977,823$2,701,317$5,679,140
Equipment$159,856$262,990$422,846
Leasehold Improvements$-22$9,043$9,021
Other Assets Org$3,240,041--
Compensation and Service Providers
Top Officer Pay27th percentile

Board Members and Trustees

NameTitle
Anthony M NoceChairman
Benjamin B BushVice Chairman-acquisition
Jason P SteinVice Chairman-construction
John R Bradford IiiVice Chairman-property Management
Mark E TimmesCEO
A Glenn AspinwallMember
Chet MirabalMember
Greg LinderMember
I Timothy HancockMember
Joe BradyNational Council Representative
Walter T WahlfeldtSecretary
Jason BrennerStudent Liaison
Nick LinderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,092,095
Investment Income
$42,342
Other Revenue
$741,153
Change in Net Assets
$-1,088,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,040,065
Salaries, Compensation, and Employee Benefits$923,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,555,350
All Other Expenses---$1,396,907
Interest---$1,125,927
Other Salaries and Wages---$843,045
Other Expenses---$630,357
Insurance---$127,775
Fees for Services Management---$124,646
Fees for Services Other---$114,804
Fees for Services Legal---$101,620
Fees for Services Accounting---$69,093
Travel---$44,056
Information Technology---$40,099
Other Employee Benefits---$33,829
Payroll Taxes---$32,522
Occupancy---$23,745
Office Expenses---$16,670
Pension Plan Contributions---$14,162
Advertising---$429
Total Functional Expenses$0$0$0$8,963,623
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Gain$2,874,663
Other Security Deposit$44,602
Gamma Delta Holding Account$10,440
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Prior to filing the form 990, the chief financial officer and chief executive officer of pi kappa phi properties conduct a detailed review of the tax return. A review list of any questions and comments is prepared and discussed with the tax return preparer. Upon satisfaction of any follow-up items, an electronic or hard copy of the final return is forwarded to each board member for review prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Pi kappa phi properties requires each board member to reveal possible conflicts of interest in an annual disclosure statement.”

Form 990, Part VI, Section C, Line 19

“Tax return is available for review by written request to the organization.”

Filing and Contact Details

Filer

Filer Name
Pi Kappa Phi Properties Inc
EIN
59-6216310
Phone
7045040888
Address
2015 AYRSLEY TOWN BLVD NO 200, CHARLOTTE, NC 28273

Signing Officer

Name
Mark E Timmes
Title
CEO
Phone
7045040888
Signed
2021-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark E Timmes
Formed
1966
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
7
Volunteers
0

Preparer

Firm
Vance Flouhouse & Garges Pllc
Address
7725 BALLANTYNE COMMONS PKY STE103, CHARLOTTE, NC 28277
Preparer
Ronald G Vance
Phone
7043697200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Bad debt 510,961. Taxes 337,907. Other professional services 231,223. Equipment rental & maintenance 205,202. Closing costs 74,456. Miscellaneous 37,158.”

Form 990, Schedule D, Part X, Line 4

“During 2019, pi kappa phi properties sold two real estate properties. These properties were located in austin tx and los angeles ca. They were used directly in performing an exempt function and will be replaced by other properties that will be used directly in performing an exempt function. The purchase of the new properties is expected to happened within 3 years after the date of the sale of the properties. None of the gains of the sales of the real estate are recognized per irc section 512(a)(3)(d).”

Raw XML AppendixShowing 400 of 499 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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IRS990/MissionDesc0PI KAPPA PHI PROPERTIES, INC IS ORGANIZED FOR PLEASURE, RECREATION AND OTHER NON-PROFIT PURPOSES. SPECIFICALLY, PI KAPPA PHI PROPERTIES, INC.'S PURPOSE IS TO PROVIDE HOUSING AND MANAGEMENT EXPERTISE FOR LOCAL CHAPTERS OF PI KAPPA PHI FRATERNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt08074455
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-5431
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08074455
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt023745
IRS990/OfficeExpensesGrp/TotalAmt016670
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0922621
IRS990/OtherAssetsTotalGrp/EOYAmt03629455
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033829
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2FOOD
IRS990/OtherExpensesGrp/Desc3LEASE EXPENSE
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IRS990/OtherExpensesGrp/TotalAmt1817618
IRS990/OtherExpensesGrp/TotalAmt2811237
IRS990/OtherExpensesGrp/TotalAmt3630357
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0741153
IRS990/OtherRevenueTotalAmt0741153
IRS990/OtherSalariesAndWagesGrp/TotalAmt0843045
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02585600
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01984836
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt032522
IRS990/PensionPlanContributionsGrp/TotalAmt014162
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0330828
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028092
IRS990/PrincipalOfficerNm0MARK E TIMMES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
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IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/Desc1MEAL PLAN
IRS990/ProgramServiceRevenueGrp/Desc2PARLOR FEES
IRS990/ProgramServiceRevenueGrp/Desc3CAMPAIGN/CONSTTRUCTION
IRS990/ProgramServiceRevenueGrp/Desc4LATE FESS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05230438
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11355804
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2767897
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3136890
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt431567
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05230438
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11355804
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2767897
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3136890
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt431567
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt090729
IRS990/PYOtherExpensesAmt06871345
IRS990/PYOtherRevenueAmt0655360
IRS990/PYProgramServiceRevenueAmt07120134
IRS990/PYRevenuesLessExpensesAmt0349309
IRS990/PYSalariesCompEmpBnftPaidAmt0645569
IRS990/PYTotalExpensesAmt07516914
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07866223
IRS990/ReconcilationRevenueExpnssAmt0-1088033
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010796964
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06463
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06620
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt016970562
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03907772
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt020878334
IRS990ScheduleD/EquipmentGrp/BookValueAmt0159856
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0262990
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0422846
IRS990ScheduleD/LandGrp/BookValueAmt06690816
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06690816
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0-22
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09043
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09021
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0250622
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1138792
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23240041
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CLOSING COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02977823
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02701317
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05679140
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110440
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22874663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1GAMMA DELTA HOLDING ACCOUNT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED GAIN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026799035
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03629455
IRS990ScheduleD/TotalLiabilityAmt02929705
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt036764
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0201820
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt023120
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK E TIMMES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0261704
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE METHODS USED BY A RELATED ORGANIZATION TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR ARE AS FOLLOWS: WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FILING THE FORM 990, THE CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER OF PI KAPPA PHI PROPERTIES CONDUCT A DETAILED REVIEW OF THE TAX RETURN. A REVIEW LIST OF ANY QUESTIONS AND COMMENTS IS PREPARED AND DISCUSSED WITH THE TAX RETURN PREPARER. UPON SATISFACTION OF ANY FOLLOW-UP ITEMS, AN ELECTRONIC OR HARD COPY OF THE FINAL RETURN IS FORWARDED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PI KAPPA PHI PROPERTIES REQUIRES EACH BOARD MEMBER TO REVEAL POSSIBLE CONFLICTS OF INTEREST IN AN ANNUAL DISCLOSURE STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TAX RETURN IS AVAILABLE FOR REVIEW BY WRITTEN REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BAD DEBT 510,961. TAXES 337,907. OTHER PROFESSIONAL SERVICES 231,223. EQUIPMENT RENTAL & MAINTENANCE 205,202. CLOSING COSTS 74,456. MISCELLANEOUS 37,158.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DURING 2019, PI KAPPA PHI PROPERTIES SOLD TWO REAL ESTATE PROPERTIES. THESE PROPERTIES WERE LOCATED IN AUSTIN TX AND LOS ANGELES CA. THEY WERE USED DIRECTLY IN PERFORMING AN EXEMPT FUNCTION AND WILL BE REPLACED BY OTHER PROPERTIES THAT WILL BE USED DIRECTLY IN PERFORMING AN EXEMPT FUNCTION. THE PURCHASE OF THE NEW PROPERTIES IS EXPECTED TO HAPPENED WITHIN 3 YEARS AFTER THE DATE OF THE SALE OF THE PROPERTIES. NONE OF THE GAINS OF THE SALES OF THE REAL ESTATE ARE RECOGNIZED PER IRC SECTION 512(A)(3)(D).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, SCHEDULE D, PART X, LINE 4
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PI KAPPA PHI FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0570340150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02015 AYRSLEY TOWN BLVD STE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHARLOTTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028273
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,706,217
Liabilities
$26,631,762
Net assets
$8,074,455
Revenue
$7,875,590
Expenses
$8,963,623
Net income
-$1,088,033
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$37.2$27.5$9.62$10.4$9.26$1.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.2$27.7$8.48$10.7$8.92$1.77
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.8$28.1$6.71$7.75$9.12$1.36
2020Detailed filing. Detailed filing data is available for this year.$34.7$26.6$8.07$7.88$8.96$1.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.0$28.8$9.16$7.87$7.52$0.35
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.0$23.2$8.81$9.35$5.94$3.41
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.9$15.5$5.40$5.01$4.79$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.0$15.8$5.18$4.29$4.07$0.22
2015Detailed filing. Detailed filing data is available for this year.$15.7$10.7$4.96$3.31$2.80$0.51
2014Detailed filing. Detailed filing data is available for this year.$12.1$7.61$4.45$2.57$2.29$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.84$5.67$4.17$2.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$6.35$4.04$1.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.91$5.96$3.95$1.58