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Nonprofiteer
← PHI THETA KAPPA FOUNDATION

Form 990 for tax year 2024

Filed by PHI THETA KAPPA FOUNDATION.

Totals

Total revenue
$3,322,097
Total expenses
$3,000,169
Contributions and grants received
$2,596,826
Grants paid
$2,102,888
Program service revenue
$0
Investment income
$722,853
Other revenue
$2,418
Total assets, end of year
$17,874,262
Total liabilities, end of year
$3,085,526
Net assets or fund balances, end of year
$14,788,736
Program services expenses (Part IX)
$2,361,770
Management and general expenses
$387,068
Fundraising expenses
$251,331
Program service expenses (Part III)
$2,361,770

Program services were 78.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DR WILLIS LOTT

    CHAIR - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • DR GEORGE BOGGS

    CHAIR/INTERNATIONAL HONORARY MEM

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • LOU OBERNDORF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JANE HALE PAULSEN

    TRUSTEE - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • JODI HARRIS

    TRUSTEE - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • DR JASON SCALES

    TRUSTEE - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • DR MICHAEL CHIPPS

    TRUSTEE - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • DR LYNN TINCHER-LADNER

    PRESIDENT & CEO

    Total calculated
    $451,699
    From this org
    $0
    From related orgs
    $425,078
    Other
    $26,621
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $357,500 related
    Bonus
    $0
    Other
    $0 + $67,578 related
    Deferred
    $0 + $16,005 related
    Nontaxable benefits
    $0 + $10,616 related
    Filer's total
    $0 + $451,699 related

  • MONICA MARLOWE

    EXECUTIVE DIRECTOR - PART YEAR

    Total calculated
    $181,921
    From this org
    $0
    From related orgs
    $164,303
    Other
    $17,618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $149,125 related
    Bonus
    $0
    Other
    $0 + $15,178 related
    Deferred
    $0 + $7,223 related
    Nontaxable benefits
    $0 + $10,395 related
    Filer's total
    $0 + $181,921 related

  • AMANDA GORMAN

    INTERIM EXECUTIVE DIRECTOR - PART YEAR

    Total calculated
    $20,991
    From this org
    $0
    From related orgs
    $17,933
    Other
    $3,058
    Hours/week
    40

  • PAIGE B CHANDLER

    CFO

    Total calculated
    $178,837
    From this org
    $0
    From related orgs
    $159,362
    Other
    $19,475
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,820 related
    Bonus
    $0 + $4,000 related
    Other
    $0 + $6,542 related
    Deferred
    $0 + $7,641 related
    Nontaxable benefits
    $0 + $11,834 related
    Filer's total
    $0 + $178,837 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 3
THE FOUNDATION'S EXECUTIVE DIRECTOR IS COMPENSATED BY A RELATED ORGANIZATION, PHI THETA KAPPA. PHI THETA KAPPA USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE FOUNDATION'S EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS OR STUDIES, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
DR. LYNN TINCHER-LADNER AND PAIGE CHANDLER PARTICIPATE IN THE 457B PLAN. BOTH HAD CONTRIBUTIONS MADE TO THE PLAN ON THEIR BEHALF DURING 12/31/24. THESE DEFERRALS ARE INCLUDE IN THEIR COMPENSATION LISTED ON SCHEDULE J, FROM A RELATED ORGANIZATION.
FORM 990, SCHEDULE J, PART II:
PLEASE NOTE THAT THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES OR ISSUE ANY W-2S. HOWEVER, A PORTION OF EMPLOYEES' SALARIES FROM THE SOCIETY ARE ALLOCATED TO THE FOUNDATION.

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

  • PHI THETA KAPPA

    $2,102,888

    SCHOLARSHIP PROGRAMS, CONVENTIONS SPONSORSHIPS, AND GRANT PROGRAMS

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
2024
Filed
8 October 2025
IRS schema version
2024v5.2
Source object
202512819349302061

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