Totals
- Total revenue
- $5,192,264
- Total expenses
- $6,543,341
- Contributions and grants received
- $3,409,779
- Grants paid
- $362,286
- Program service revenue
- $1,617,465
- Investment income
- $5,460
- Other revenue
- $159,560
- Total assets, end of year
- $3,489,569
- Total liabilities, end of year
- $1,491,816
- Net assets or fund balances, end of year
- $1,997,753
- Program services expenses (Part IX)
- $3,760,223
- Management and general expenses
- $1,821,829
- Fundraising expenses
- $961,289
- Program service expenses (Part III)
- $3,760,223
Program services were 57.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1f · All other contributions, gifts and grants
$3,409,779
-
2a · Program service revenue: MEMBERSHIP DUES
total $1,371,491 · related or exempt $1,371,491
-
2b · Program service revenue: PUBLICATIONS
total $204,277 · related or exempt $197,897 · unrelated business $6,380
-
2c · Program service revenue: PROGRAM FEES
total $38,200 · related or exempt $38,200
-
2d · Program service revenue: TRIENNIAL COUNCIL
total $3,497 · related or exempt $3,497
-
3 · Investment income
total $5,086 · excluded $5,086
-
5 · Royalties
total $92,465 · excluded $92,465
-
7a · Gross sales of assets other than inventory
securities $374
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $374
-
7d · Net gain or loss
total $374 · excluded $374
-
11a · Other revenue: COLLECTION OF BAD DEBT
total $64,252 · excluded $64,252
-
11b · Other revenue: MISCELLANEOUS
total $2,843 · excluded $2,843
-
11e · Other revenue, total
$67,095
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $362,286 · program services $362,286
-
5 · Compensation of officers, directors and key employees
total $556,752 · program services $362,526 · management and general $156,923 · fundraising $37,303
-
7 · Other salaries and wages
total $1,816,714 · program services $1,182,942 · management and general $512,049 · fundraising $121,723
-
8 · Pension plan contributions
total $200,075 · program services $129,849 · management and general $56,822 · fundraising $13,404
-
9 · Other employee benefits
total $362,319 · program services $233,695 · management and general $104,546 · fundraising $24,078
-
10 · Payroll taxes
total $159,439 · program services $103,862 · management and general $44,894 · fundraising $10,683
-
11b · Fees: legal
total $1,000 · management and general $1,000
-
11c · Fees: accounting
total $278,601 · management and general $278,601
-
11g · Fees: other
total $252,773 · program services $76,559 · management and general $23,992 · fundraising $152,222
-
12 · Advertising and promotion
total $719 · program services $719
-
13 · Office expenses
total $1,490,797 · program services $594,990 · management and general $346,962 · fundraising $548,845
-
14 · Information technology
total $403,622 · program services $272,303 · management and general $106,087 · fundraising $25,232
-
16 · Occupancy
total $55,312 · management and general $55,312
-
17 · Travel
total $160,564 · program services $118,265 · management and general $16,286 · fundraising $26,013
-
19 · Conferences, conventions and meetings
total $146,329 · program services $79,291 · management and general $65,752 · fundraising $1,286
-
23 · Insurance
total $52,603 · management and general $52,603
-
24a · Other expenses: CIRCULATION
total $154,091 · program services $154,091
-
24b · Other expenses: AUTHOR & CONTRIBUTOR
total $76,125 · program services $75,625 · fundraising $500
-
24e · All other expenses
total $13,220 · program services $13,220
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $131 · end of year $131
-
2 · Savings and temporary cash investments
beginning of year $3,426,045 · end of year $1,974,347
-
3 · Pledges and grants receivable
beginning of year $11,002 · end of year $7,960
-
4 · Accounts receivable
beginning of year $405,850 · end of year $187,836
-
9 · Prepaid expenses and deferred charges
beginning of year $14,202 · end of year $51,920
-
10a · Land, buildings and equipment: cost or other basis
$109,781
-
10b · Land, buildings and equipment: accumulated depreciation
$109,781
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $750,811 · end of year $1,267,375
-
17 · Accounts payable and accrued expenses
beginning of year $726,580 · end of year $676,684
-
19 · Deferred revenue
beginning of year $520,129 · end of year $815,132
-
27 · Net assets without donor restrictions
beginning of year $3,361,332 · end of year $1,997,753
Mission and programs · 2022
Mission
THE MISSION OF THE PHI BETA KAPPA SOCIETY IS TO CHAMPION EDUCATION IN THE LIBERAL ARTS AND SCIENCES, FOSTER FREEDOM OF THOUGHT, AND RECOGNIZE ACADEMIC EXCELLENCE.
Activities or mission (Part I)
ADVOCATING FOR THE LIBERAL ARTS, ENCOURAGING SCHOLARSHIP, FRIENDSHIP, CULTURAL INTERESTS
-
THE AMERICAN SCHOLAR: THE AMERICAN SCHOLAR IS PHI BETA KAPPA'S QUARTERLY PUBLICATION, WITH A CIRCULATION TO THE GENERAL PUBLIC. THE CURRENT CIRCULATION IS 20,943 (19,473 ACTIVE SUBSCRIPTIONS, 618 NEWSSTAND SALES AND 795 FREE/NOMINAL RATE DISTRIBUTION). THE PUBLICATION PRESENTS ARTICLES ON SUBJECTS OF BROAD INTEREST, CURRENT AFFAIRS, CULTURAL AFFAIRS, PHILOSOPHY, SCIENCE AND ARTS.
Expenses $1,574,988 · Revenue $197,897
-
NATIONAL ARTS AND SCIENCES INITIATIVE: PHI BETA KAPPA'S NATIONAL ARTS AND SCIENCES INITIATIVE ENGAGES MEMBERS ACROSS THE COUNTRY TO COMMUNICATE THE VALUE OF LIBERAL ARTS AND SCIENCES, ADVOCATES FOR POLICIES THAT STRENGTHEN HIGHER EDUCATION, AND AWARDS THE KEY INTO PUBLIC SERVICE SCHOLARSHIP, ALONG WITH TRAINING AND MENTORING, TO PROMISING LIBERAL ARTS AND SCIENCES MAJORS PURSUING GOVERNMENT SERVICE.
Expenses $577,705 · Grants $356,286 · Revenue $25,000
-
VISITING SCHOLAR PROGRAM: THE VISITING SCHOLAR PROGRAM INVITES EMINENT SCHOLARS TO UNDERTAKE A SERIES OF VISITS TO COLLEGES AND UNIVERSITIES WITH PHI BETA KAPPA CHAPTERS, CONTRIBUTING TO THE INTELLECTUAL LIFE OF THE CAMPUS BY MAKING POSSIBLE THE EXCHANGE OF IDEAS BETWEEN DISTINGUISHED VISITING SCHOLARS, THE RESIDENT FACULTY AND STUDENTS.
Expenses $484,024 · Grants $6,000 · Revenue $38,200
-
CHAPTER SERVICES: THE PHI BETA KAPPA CHAPTERS INDUST INTO THE SOCIETY THE BEST AND BRIGHTEST LIBERAL ARTS AND SCIENCES UNDERGRADUATES FROM 290+ COLLEGE AND UNIVERSITY CAMPUSES ACROSS THE NATION. DURING THE YEAR ENDED JULY 31, 2023, NEARLY 20,000 NEW STUDENTS WERE INDUCTED.
Expenses $274,618 · Revenue $1,346,491
-
THE KEY REPORTER: THE KEY REPORTER IS A NEWSLETTER THAT IS MAILED TO MEMBERS ON A QUARTERLY BASIS AND KEEPS THEM INFORMED ABOUT CURRENT PHI BETA KAPPA ACTIVITIES.
Expenses $444,083
-
ASSOCIATION SERVICES: COMMUNITY BASED GROUPS OF MEMBERS ARE FORMED TO PROVIDE PROGRAMS OF CULTURAL AND INTELLECTUAL INTEREST TO THEIR MEMBERS AND TO PROMOTE STUDENT ACHIEVEMENT IN HIGH SCHOOLS, COLLEGES, AND GRADUATE PROGRAMS.
Expenses $242,481
-
AWARDS, FELLOWSHIPS AND SCHOLARSHIPS: ACADEMIC AWARDS CONSIST OF SEVERAL ENDOWED FELLOWSHIP AND AWARD PROGRAMS. BOOK AWARDS ARE GIVEN ANNUALLY TO THREE OUTSTANDING SCHOLARLY BOOKS DRAWN FROM THE FIELDS OF THE HUMANITIES, THE SOCIAL SCIENCES, THE NATURAL SCIENCES AND MATHEMATICS. THEY MUST BE OF BROAD INTEREST AND ACCESSIBLE TO THE GENERAL, LITERATE READER.
Expenses $95,560
-
TRIENNIAL COUNCIL: THE TRIENNIAL COUNCIL IS THE LEGISTLATIVE BODY OF PHI BETA KAPPA THAT CONVENES EVERY THREE YEARS TO CONDUCT PHI BETA KAPPA BUSINESS. THE MOST RECENT TRIENNIAL COUNCIL WAS HELD IN AUGUST 2021, DURING THE YEAR ENDED JULY 31, 2022.
Expenses $66,764 · Revenue $3,497
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Peter QuimbyPETER QUIMBY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Esther JonesESTHER JONES
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jonathan LewisJONATHAN LEWIS
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bernadine BarnesBERNADINE BARNES
SENATOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan W CarlisleSUSAN W CARLISLE
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
S Raj ChaudhuryS RAJ CHAUDHURY
SENATOR
- Total calculated
- $0
- Hours/week
- 1
-
Ronald CrutcherRONALD CRUTCHER
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sean DecaturSEAN DECATUR
SENATOR
- Total calculated
- $0
- Hours/week
- 1
-
Dolores Duran-CerdaDOLORES DURAN-CERDA
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John HarklessJOHN HARKLESS
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bridget KeeganBRIDGET KEEGAN
SENATOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen KosterKAREN KOSTER
SENATOR
- Total calculated
- $0
- Hours/week
- 1
-
Vera L JunkersVERA L JUNKERS
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael LomaxMICHAEL LOMAX
SENATOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Lewton-YatesJENNIFER LEWTON-YATES
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kathleen McGarryKATHLEEN MCGARRY
SENATOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven MillerSTEVEN MILLER
SENATOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric W NyeERIC W NYE
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Carol O'DonnellCAROL O'DONNELL
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Suzie ParkSUZIE PARK
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John PopeJOHN POPE
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Pamela Trotman ReidPAMELA TROTMAN REID
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Judith ShapiroJUDITH SHAPIRO
SENATOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Janet Bauder-ThornburgJANET BAUDER-THORNBURG
SENATOR
- Total calculated
- $0
- Hours/week
- 1
-
Fredrick LawrenceFREDRICK LAWRENCE
SECRETARY/CEO
- Total calculated
- $540,071
- From this org
- $432,214
- From related orgs
- $55,769
- Other
- $52,088
- Hours/week
- 31 + 4 related
Schedule J breakdown matched by us
- Base
- $432,214 + $55,769 related
- Bonus
- $0
- Other
- $0
- Deferred
- $27,275 + $3,519 related
- Nontaxable benefits
- $20,107 + $2,594 related
- Filer's total
- $479,596 + $61,882 related
-
Evagren CalderaEVAGREN CALDERA
COO (THRU 9/22)
- Total calculated
- $234,889
- From this org
- $159,678
- From related orgs
- $39,920
- Other
- $35,291
- Hours/week
- 28 + 7 related
Schedule J breakdown matched by us
- Base
- $159,678 + $39,920 related
- Bonus
- $0
- Other
- $0
- Deferred
- $12,915 + $3,229 related
- Nontaxable benefits
- $16,347 + $4,087 related
- Filer's total
- $188,940 + $47,236 related
-
Sudip BoseSUDIP BOSE
MANAGING ED-THE AMER. SCHOLAR
- Total calculated
- $159,950
- From this org
- $145,409
- From related orgs
- $0
- Other
- $14,541
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $145,409
- Bonus
- $0
- Other
- $0
- Deferred
- $14,541
- Nontaxable benefits
- $1,408
- Filer's total
- $161,358
-
Anne WiseANNE WISE
NASI DIRECTOR
- Total calculated
- $184,972
- From this org
- $141,842
- From related orgs
- $0
- Other
- $43,130
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $141,842
- Bonus
- $0
- Other
- $0
- Deferred
- $14,259
- Nontaxable benefits
- $30,278
- Filer's total
- $186,379
-
Elizabeth KellyELIZABETH KELLY
VISITING SCHOLAR DIRECTOR
- Total calculated
- $138,254
- From this org
- $112,218
- From related orgs
- $0
- Other
- $26,036
- Hours/week
- 35
-
Ann McCullochANN MCCULLOCH
DIRECTOR, CHAPTER AND ASSOC. RELATIONS
- Total calculated
- $138,527
- From this org
- $108,152
- From related orgs
- $0
- Other
- $30,375
- Hours/week
- 35
-
Deepika MunnaluriDEEPIKA MUNNALURI
IT MANAGER
- Total calculated
- $143,787
- From this org
- $104,470
- From related orgs
- $0
- Other
- $39,317
- Hours/week
- 35
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 · 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
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE CEO OF THE ORGANIZATION RECEIVES A HOUSING ALLOWANCE, WHICH IS APPROVED BY THE EXECUTIVE COMMITTEE.
- PART I, LINE 1B
- THE HOUSING ALLOWANCE IS ADDED TO THE CEO'S TAXABLE COMPENSATION EACH YEAR.
- PART I, LINE 3
- IN ALL CASES, SALARY REVIEW INCLUDES STUDY OF COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. PBK'S PRESIDENT AND EXECUTIVE COMMITTEE REVIEW THE SECRETARY'S COMPENSATION; THE SECRETARY REVIEWS THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES.
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.
-
501(C)(3) · ORGANIZED FOR THE CREATION OF FUNDS OR ENDOWMENTS. · NY · controlled entity
Directly controlled by THE PHI BETA KAPPA SOCIETY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411699349300791
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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