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Nonprofiteer
← PI KAPPA PHI FRATERNITY

Form 990 for tax year 2022

Filed by PI KAPPA PHI FRATERNITY.

Totals

Total revenue
$5,392,809
Total expenses
$5,402,788
Contributions and grants received
$105,000
Grants paid
$0
Program service revenue
$5,150,132
Investment income
$52,078
Other revenue
$85,599
Total assets, end of year
$8,187,054
Total liabilities, end of year
$4,548,751
Net assets or fund balances, end of year
$3,638,303
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$5,402,788

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $105,000

  • 2a · Program service revenue: PROG.SERV.REVENUE-RELA

    total $5,150,132 · related or exempt $5,150,132

  • 3 · Investment income

    total $51,678 · unrelated business $51,678

  • 6a · Gross rents

    real property $6,744

  • 6b · Less rental expenses

    real property $80,862

  • 6c · Rental income or loss

    real property -$74,118

  • 6d · Net rental income or loss

    total -$74,118 · unrelated business -$74,118

  • 7a · Gross sales of assets other than inventory

    other assets $400

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $400

  • 7d · Net gain or loss

    total $400 · related or exempt $400

  • 10a · Gross sales of inventory

    $140,362

  • 10b · Cost of goods sold

    $106,754

  • 10c · Net income from sales of inventory

    total $33,608 · related or exempt $33,608

  • 11a · Other revenue: AFFINITY REVENUE

    total $126,109 · related or exempt $126,109

  • 11e · Other revenue, total

    $126,109

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $384,785

  • 7 · Other salaries and wages

    total $1,289,910

  • 8 · Pension plan contributions

    total $74,499

  • 9 · Other employee benefits

    total $286,554

  • 10 · Payroll taxes

    total $220,725

  • 11b · Fees: legal

    total $309

  • 11c · Fees: accounting

    total $7,465

  • 13 · Office expenses

    total $151,694

  • 16 · Occupancy

    total $146,446

  • 17 · Travel

    total $537,080

  • 19 · Conferences, conventions and meetings

    total $255,117

  • 22 · Depreciation, depletion and amortization

    total $47,725

  • 24a · Other expenses: LIABILITY/PROPERTY INSU

    total $839,365

  • 24b · Other expenses: MISCELLANEOUS

    total $269,440

  • 24c · Other expenses: FOOD

    total $194,164

  • 24d · Other expenses: CHAPTER SUPPORT

    total $161,116

  • 24e · All other expenses

    total $536,394

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,659,842 · end of year $3,467,284

  • 2 · Savings and temporary cash investments

    beginning of year $949,159 · end of year $962,530

  • 4 · Accounts receivable

    beginning of year $1,290,768 · end of year $1,088,194

  • 7 · Other notes and loans receivable

    beginning of year $88,920

  • 8 · Inventories for sale or use

    beginning of year $82,969 · end of year $174,167

  • 9 · Prepaid expenses and deferred charges

    beginning of year $389,941 · end of year $383,792

  • 10a · Land, buildings and equipment: cost or other basis

    $1,710,584

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,274,569

  • 10c · Land, buildings and equipment, net

    beginning of year $410,926 · end of year $436,015

  • 11 · Investments: publicly traded securities

    beginning of year $1,258,022 · end of year $1,222,829

  • 15 · Other assets

    beginning of year $431,793 · end of year $452,243

  • 17 · Accounts payable and accrued expenses

    beginning of year $529,196 · end of year $391,909

  • 19 · Deferred revenue

    beginning of year $3,617,783 · end of year $3,638,632

  • 25 · Other liabilities

    beginning of year $767,079 · end of year $518,210

  • 27 · Net assets without donor restrictions

    beginning of year $3,648,282 · end of year $3,638,303

Mission and programs · 2022

Mission

TO PROMOTE FELLOWSHIP AND MUTUAL TRUST, UPHOLD THE TRADITIONS AND IDEALS OF ITS HOST COLLEGES, ENCOURAGE SCHOLARSHIP AND THE HIGHEST IDEALS OF CHRISTIAN MANHOOD AND GOOD CITIZENSHIP.

Activities or mission (Part I)

TO PROMOTE FELLOWSHIP AND MUTUAL TRUST, UPHOLD THE TRADITIONS AND IDEALS OF ITS HOST COLLEGES, ENCOURAGE SCHOLARSHIP AND THE HIGH IDEALS OF CHRISTIAN MANHOOD AND GOOD CITIZENSHIP.

  • TO SUPPORT THE GENERAL EDUCATION AND LEADERSHIP TRAINING FOR COLLEGE STUDENTS AND ALUMNI.

    Expenses $5,402,788 · Revenue $5,392,809

As filed on the 2022 return.

Listed in Part VII

  • James Smith

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Joe Brady

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Walter Wahlfeldt

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Alan Duesterhaus

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Andre Turner

    HISTORIAN

    Total calculated
    $0
    Hours/week
    0

  • Ben Bush

    CHANCELLOR

    Total calculated
    $0
    Hours/week
    0

  • Todd Dwayne

    CHAPLAIN

    Total calculated
    $0
    Hours/week
    0

  • Jacob Beaver

    STUDENT LIAISON

    Total calculated
    $0
    Hours/week
    0

  • Mark E Timmes

    C.E.O. EMERITUS

    Total calculated
    $210,696
    From this org
    $185,731
    From related orgs
    $0
    Other
    $24,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,231
    Bonus
    $48,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,965
    Filer's total
    $210,696

  • Jake Henderson

    C.E.O.

    Total calculated
    $174,088
    From this org
    $168,029
    From related orgs
    $0
    Other
    $6,059
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,029
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,059
    Filer's total
    $174,088

  • Brandon Belote

    C.O.O

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
MARK TIMMES, CEO, IS PROVIDED A RESIDENCE FOR PERSONAL USE. MARK'S GYM MEMBERSHIP DUES ARE ALSO REIMBURSED BY THE FRATERNITY. THE VALUE OF THE BENEFITS PROVIDED ARE INCLUDED IN REPORTABLE COMPENSATION. THE VALUE OF THE RESIDENCE IS $1,200 PER MONTH AND GYM MEMBERSHIP IS $1,128 PER YEAR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323189349302317

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