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Nonprofiteer
← PHI KAPPA TAU FRATERNITY

Form 990 for tax year 2022

Filed by PHI KAPPA TAU FRATERNITY.

Totals

Total revenue
$1,891,353
Total expenses
$2,050,531
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,873,595
Investment income
$17,758
Other revenue
$0
Total assets, end of year
$4,195,963
Total liabilities, end of year
$1,337,387
Net assets or fund balances, end of year
$2,858,576
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $900,389 · related or exempt $900,389

  • 2b · Program service revenue: LIABILITY INSURANCE PROGRAM F

    total $774,275 · related or exempt $774,275

  • 2c · Program service revenue: REGISTRATION

    total $92,155 · related or exempt $92,155

  • 2d · Program service revenue: HOUSING FUND FEES

    total $61,920 · related or exempt $61,920

  • 2e · Program service revenue: COMMISSION ON SALES

    total $31,662 · related or exempt $31,662

  • 2f · All other program service revenue

    total $13,194 · related or exempt $13,194

  • 3 · Investment income

    total $17,758 · unrelated business $17,758

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $35,521

  • 7 · Other salaries and wages

    total $516,841

  • 8 · Pension plan contributions

    total $6,253

  • 9 · Other employee benefits

    total $53,972

  • 10 · Payroll taxes

    total $46,685

  • 11b · Fees: legal

    total $43,830

  • 11c · Fees: accounting

    total $52,725

  • 11f · Fees: investment management

    total $1,016

  • 11g · Fees: other

    total $66,005

  • 13 · Office expenses

    total $5,406

  • 14 · Information technology

    total $98,936

  • 16 · Occupancy

    total $31,375

  • 17 · Travel

    total $281,641

  • 19 · Conferences, conventions and meetings

    total $94,257

  • 20 · Interest

    total $13,045

  • 22 · Depreciation, depletion and amortization

    total $8,502

  • 23 · Insurance

    total $480,398

  • 24a · Other expenses: CONTRIBUTIONS/DONATIONS

    total $57,518

  • 24b · Other expenses: NIC DUES - CHAPTERS

    total $32,602

  • 24c · Other expenses: SUPPLIES

    total $24,585

  • 24d · Other expenses: EQUIPMENT LEASES

    total $22,966

  • 24e · All other expenses

    total $76,452

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $429,711 · end of year $535,454

  • 4 · Accounts receivable

    beginning of year $78,107 · end of year $260,107

  • 7 · Other notes and loans receivable

    beginning of year $195,550 · end of year $181,756

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,883 · end of year $270,482

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

    $316,344

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

    $171,545

  • 10c · Land, buildings and equipment, net

    beginning of year $114,195 · end of year $144,799

  • 11 · Investments: publicly traded securities

    beginning of year $185,324 · end of year $199,131

  • 15 · Other assets

    beginning of year $3,289,784 · end of year $2,604,234

  • 17 · Accounts payable and accrued expenses

    beginning of year $207,264 · end of year $187,473

  • 19 · Deferred revenue

    beginning of year $221,150 · end of year $309,500

  • 21 · Escrow or custodial account liability

    beginning of year $527,315 · end of year $481,526

  • 23 · Secured mortgages and notes payable

    beginning of year $305,288 · end of year $281,661

  • 25 · Other liabilities

    beginning of year $68,316 · end of year $77,227

  • 27 · Net assets without donor restrictions

    beginning of year $3,018,221 · end of year $2,858,576

Mission and programs · 2022

Mission

PROMOTE RELIGIOUS, EDUCATIONAL, CULTURAL, SOCIAL & FRATERNAL WELFARE OF MEMBERS.

  • PROGRAMMING, EDUCATION AND SUPPORT FOR MEMBERS AND CHAPTERS

  • CHAPTER DEVELOPMENT

  • LEADERSHIP ACADEMY

As filed on the 2022 return.

Listed in Part VII

  • Matthew Arnold

    CEO

    Total calculated
    $35,521
    From this org
    $35,521
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 4 related

  • Dale Holland

    NATIONAL PRE

    Total calculated
    $0
    Hours/week
    10

  • Barry Mask

    NATIONAL VP

    Total calculated
    $0
    Hours/week
    5

  • Ricky Bailey

    NATIONAL COU

    Total calculated
    $0
    Hours/week
    1

  • Raymond Carlos

    NATIONAL COU

    Total calculated
    $0
    Hours/week
    1

  • Michael French

    NATIONAL COU

    Total calculated
    $0
    Hours/week
    1

  • Jon Hays

    NATIONAL COU

    Total calculated
    $0
    Hours/week
    1

  • Michael Lummus

    NATIONAL COU

    Total calculated
    $0
    Hours/week
    1

  • Allyn Shaw

    NATIONAL COU

    Total calculated
    $0
    Hours/week
    1

  • Jeffery Hilperts

    NATIONAL COU

    Total calculated
    $0
    Hours/week
    1

  • Warren Mattox

    NATIONAL COU

    Total calculated
    $0
    Hours/week
    1

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.

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
14 May 2024
IRS schema version
2022v5.0
Source object
202401369349302665

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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