Phi Kappa Sigma Alpha Upsilon

“The governing body consists of board members who are all active members of the fraternity.”

“The active members of the fraternity have the power to elect or appoint the members of the governing body.”

“No governance decisions are reserved to or subject to approval by any individuals other than the board members.”

“Form 990 provided to treasurer or president of the organization for review before signing efile authorization form.”

“Governing documents disclosure explanation provided to the public upon request.”

“The 8/31/22 tax return is being amended to exclude 5,195 of income claimed with the employee retention credit. The income was claimed on the prior year amended tax return. Part i summary line 15. Prior year salaries, other compensation, employee benefits is decreased by 5,195, equals 26,292. Part i summary line 15. Current year salaries, other compensation, employee benefits is increased by 5,195 equals 13. Part i summary line 18. Prior year total expeneses is decreased by 5,194, equals 347,514. Part i summary line 18. Current year total expeneses is increased by 5,193 equals 415,966. Part i summary line 19. Prior year revenue less expenses is increased by 5,194, equals 72,466 part i summary line 19. Current year revenue less expenses is decreased by 5,195, equals -29,066. Part i summary line 20. Prior year total assets are increased by 5,195, equals 143,094. Part i summary line 20. Current year total assets are increased by 1, equals 113,188. Part i summary line 21. Prior year total liaiblities increased by 1, equals 153,547. Part i summary line 22. Prior year net assets or fund balacnes is increased by 5,194, equals -10,453. Part i summary line 22. Current year net assets or fund balances is increased by 1, equals -39,519. Part iii statement of program service accomplishments line 4a. Expenses decreased by 2,875, equals 415,966. Part iii statement of program service accomplishments line 4e. Total program service expenses decreased by 2,875, equals 415,966. Part ix statement of functional expenses line 7. Other salaries and wages is increased by -5,195, equals 0. Part ix statement of functional expenses line 25. Total functional expenses is increased by 5,193, equals 415,966. Part x balance sheet line 1. Current year cash - non-interest-bearing increased by 1, equals 104,370. Part x balance sheet line 7. Prior year notes and loans receivable, net is increased by 5,195, equals %5,195. Part x balance sheet line 16. Prior year total assets is increased by 5,195, equals 143,094. Part x balance sheet line 16. Current year total assets is increased by 1, equals 113,188. Part x balance sheet line 31. Prior year retained earnings, endowment, accumulated income, or other funds increased by 5,194, equals -10,453. Part x balance sheet line 32. Prior year total net assets or fund balances is increased by 5,194, equals -10,453. Part x balance sheet line 32. Current year total net assets or fund balacnes is increased by 1, equals -39,519. Part x balance sheet line 33. Prior year total liaiblities and net assets/fund balances increased by 5,195, equals 143,094. Part x balance sheet line 33. Current year total liaiblities and net assets/fund balances increased by 1, equals 113,188. Part xi reconciliation of net assets line 2. Total expeneses is increased by 5,193, equals 415,966. Part xi reconciliation of net assets line 3. Revenue less expenses is decreased, equals -29,066. Part xi reconciliation of net assets line 4. Net assets or fund balances at beginning of year is increased by 5,194, equals -10,453. End of amended return explanation”