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Nonprofiteer
← PI KAPPA ALPHA FOUNDATION

Form 990 for tax year 2022

Filed by PI KAPPA ALPHA FOUNDATION.

Totals

Total revenue
$2,602,305
Total expenses
$2,660,125
Contributions and grants received
$2,505,831
Grants paid
$1,215,911
Program service revenue
$0
Investment income
-$15,429
Other revenue
$111,903
Total assets, end of year
$21,858,224
Total liabilities, end of year
$727,839
Net assets or fund balances, end of year
$21,130,385
Program services expenses (Part IX)
$1,729,013
Management and general expenses
$484,401
Fundraising expenses
$446,711
Program service expenses (Part III)
$1,729,013

Program services were 65.0% 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.

  • 1e · Government grants (contributions)

    $156,676

  • 1f · All other contributions, gifts and grants

    $2,349,155

  • 1g · Noncash contributions included above

    $10,034

  • 3 · Investment income

    total $371,077 · excluded $371,077

  • 6a · Gross rents

    real property $111,903

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $111,903

  • 6d · Net rental income or loss

    total $111,903 · related or exempt $111,903

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

    securities $386,506

  • 7c · Gain or loss

    securities -$386,506

  • 7d · Net gain or loss

    total -$386,506 · excluded -$386,506

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,005,256 · program services $1,005,256

  • 2 · Grants to domestic individuals

    total $210,655 · program services $210,655

  • 5 · Compensation of officers, directors and key employees

    total $344,646 · program services $78,924 · management and general $113,389 · fundraising $152,333

  • 7 · Other salaries and wages

    total $298,682 · program services $45,101 · management and general $126,193 · fundraising $127,388

  • 8 · Pension plan contributions

    total $13,408 · program services $2,639 · management and general $4,929 · fundraising $5,840

  • 9 · Other employee benefits

    total $37,453 · program services $7,371 · management and general $13,768 · fundraising $16,314

  • 10 · Payroll taxes

    total $41,119 · program services $8,092 · management and general $15,115 · fundraising $17,912

  • 11b · Fees: legal

    total $27,857 · program services $27,857

  • 11c · Fees: accounting

    total $140,497 · program services $42,149 · management and general $98,348

  • 11e · Fees: professional fundraising services

    total $27,901 · fundraising $27,901

  • 11g · Fees: other

    total $82,558 · management and general $33,176 · fundraising $49,382

  • 12 · Advertising and promotion

    total $23,615 · program services $23,615

  • 13 · Office expenses

    total $16,897 · program services $15,038 · management and general $1,859

  • 14 · Information technology

    total $12,822 · management and general $12,822

  • 16 · Occupancy

    total $156,524 · program services $139,306 · management and general $17,218

  • 17 · Travel

    total $49,574 · program services $9,759 · management and general $18,222 · fundraising $21,593

  • 19 · Conferences, conventions and meetings

    total $7,698 · management and general $7,698

  • 22 · Depreciation, depletion and amortization

    total $95,480 · program services $84,977 · management and general $10,503

  • 23 · Insurance

    total $20,054 · program services $9,514 · management and general $10,540

  • 24a · Other expenses: DONOR RECOGNITION

    total $28,048 · fundraising $28,048

  • 24e · All other expenses

    total $19,381 · program services $18,760 · management and general $621

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,927,129 · end of year $2,529,733

  • 3 · Pledges and grants receivable

    beginning of year $787,893 · end of year $458,645

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

    $5,156,839

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

    $3,980,189

  • 10c · Land, buildings and equipment, net

    beginning of year $1,233,416 · end of year $1,176,650

  • 11 · Investments: publicly traded securities

    beginning of year $20,029,312 · end of year $16,893,062

  • 12 · Investments: other securities

    beginning of year $765,803 · end of year $800,134

  • 17 · Accounts payable and accrued expenses

    beginning of year $522,392 · end of year $588,452

  • 25 · Other liabilities

    beginning of year $232,493 · end of year $139,387

  • 27 · Net assets without donor restrictions

    beginning of year $3,384,840 · end of year $3,719,354

  • 28 · Net assets with donor restrictions

    beginning of year $20,603,828 · end of year $17,411,031

Mission and programs · 2022

Mission

TO MAINTAIN A PERMANENT WAR MEMORIAL AND TO PROMOTE EXCELLENCE IN EDUCATION AND LEADERSHIP BY PROVIDING APPROPRIATE GRANTS/SCHOLARSHIPS/AWARDS.

Activities or mission (Part I)

PI KAPPA ALPHA FOUNDATION IS A 501(C)(3) NOT-FOR-PROFIT FORMED AS A PUBLIC EDUCATIONAL FOUNDATION. IT WAS ESTABLISHED IN 1948 TO COLLECT, MANAGE AND PRESERVE HISTORICAL ARTIFACTS FOR PI KAPPA ALPHA CHAPTERS AND HAS EXPANDED TO INCLUDE PUBLIC RECORD KEEPING OF A GOLD STAR MEMORIAL, OWNERSHIP OF A MEMORIAL MUSEUM AND LIBRARY IN MEMPHIS, TENNESSEE, AND TO AID, PROMOTE AND CONTRIBUTE TO THE EDUCATIONAL AND SCHOLASTIC ACHIEVEMENTS OF PI KAPPA ALPHA MEMBERS AND OTHER STUDENTS ACROSS NORTH AMERICA. THE FOUNDATION PROVIDES FUNDS FOR A VARIETY OF PROGRAMS AND SERVICES WHICH ASSIST COLLEGE STUDENTS IN MEETING THEIR EDUCATIONAL AND PERSONAL DEVELOPMENT OBJECTIVES THROUGH SCHOLARSHIPS, GRANTS AND PROGRAM ASSISTANCE. THE FOUNDATION SERVES AS THE PRIMARY CHARITABLE ARM OF THE PI KAPPA ALPHA FRATERNITY.

  • MAINTENANCE OF WAR MEMORIAL HEADQUARTERS:TO MAINTAIN A PERMANENT MEMORIAL FOR MEMBERS OF THE PI KAPPA ALPHA FRATERNITY WHO GAVE THEIR LIVES IN MILITARY SERVICE. TO PRESERVE BOOKS, DOCUMENTS, WAR RECORDS AND WORKS OF ART FOR THE ENCOURAGEMENT OF PATRIOTIC AND HISTORICAL RESEARCH, PARTICULARLY AS TO THE HISTORY OF EDUCATION AND EDUCATIONAL INSTITUTIONS.

    Expenses $489,487 · Revenue $111,903

  • GRANTS/SCHOLARSHIPS/AWARDSTHE PI KAPPA ALPHA FOUNDATION HELPED PROMOTE EXCELLENCE IN EDUCATION AND LEADERSHIP BY PROVIDING 94 INDIVIDUAL SCHOLARSHIPS FOR ACADEMIC AND/OR LEADERSHIP ACCOMPLISHMENT, AND 130 GRANTS IN SUPPORT OF EDUCATIONAL PROGRAMMING AND EVENTS. IN ADDITION SCHOLARSHIPS WERE PROVIDED TO STUDENTS ADMITTED INTO OMICRON DELTA KAPPA, ORDER OF OMEGA, TAU BETA PI, PHI KAPPA PHI AND PHI BETA KAPPA HONOR SOCIETIES. ASSISTING IN ESTABLISHING, EQUIPPING AND MAINTAINING LIBRARIES, STUDY ROOMS OR OTHER EDUCATIONAL FACILITIES OWNED AND MAINTAINED BY FRATERNITY CHAPTERS.

    Expenses $1,215,911 · Grants $1,215,911

  • PUBLICATIONS & PROGRAMMING THE PI KAPPA ALPHA FOUNDATION HELPS TO FUND SEVERAL EDUCATIONAL PUBLICATIONS ON AN ANNUAL BASIS: SHIELD & DIAMOND MAGAZINE WHICH IS DISTRIBUTED FOUR TIMES PER YEAR TO MORE THAN 20,000 PEOPLE FOR INFORMATIONAL AND INSTRUCTIONAL PURPOSES; PIKE UNIVERSITY LEADERSHIP TRAINING HANDBOOKS AND A DIGITAL HISTORICAL REFERENCE GUIDE MADE AVAILABLE ONLINE.

    Expenses $23,615

As filed on the 2022 return.

Listed in Part VII

  • Mr Daniel A Berger

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mr Kevin E Virta

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Charles T Cumbaa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph P Egan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Damon Hininger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Britt R Massing

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark A Robertson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Darius Sidebotham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nathaniel Gene Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony James Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bruce Alan Wolfson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Devang Desai

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ryan C Collett

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $148,829
    From this org
    $138,000
    From related orgs
    $0
    Other
    $10,829
    Hours/week
    40

  • Steven S Vincent

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $195,817
    From this org
    $190,000
    From related orgs
    $0
    Other
    $5,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,000
    Bonus
    $0
    Other
    $0
    Deferred
    $2,856
    Nontaxable benefits
    $2,961
    Filer's total
    $195,817

  • Robert R Parsons Jr

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    10

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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
  • 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

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202321589349300602

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