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← PHI SIGMA KAPPA FOUNDATION INCORPORATED

Form 990 for tax year 2023

Filed by PHI SIGMA KAPPA FOUNDATION INCORPORATED.

Totals

Total revenue
$1,186,349
Total expenses
$825,178
Contributions and grants received
$968,743
Grants paid
$374,552
Program service revenue
$26,952
Investment income
$190,654
Other revenue
$0
Total assets, end of year
$3,993,297
Total liabilities, end of year
$89,683
Net assets or fund balances, end of year
$3,903,614
Program services expenses (Part IX)
$409,552
Management and general expenses
$180,502
Fundraising expenses
$235,124
Program service expenses (Part III)
$409,552

Program services were 49.6% 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

    $968,743

  • 2a · Program service revenue: Other

    total $26,952 · related or exempt $26,952

  • 3 · Investment income

    total $108,362 · excluded $108,362

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $3,086,010

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

    securities $3,003,718

  • 7c · Gain or loss

    securities $82,292

  • 7d · Net gain or loss

    total $82,292 · related or exempt $82,292

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $329,814 · program services $329,814

  • 2 · Grants to domestic individuals

    total $44,738 · program services $44,738

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $200,000 · program services $35,000 · management and general $75,000 · fundraising $90,000

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $5,109 · management and general $5,109

  • 11g · Fees: other

    total $27,553 · management and general $27,553

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $39,484 · management and general $16,434 · fundraising $23,050

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Fundraising

    total $99,271 · fundraising $99,271

  • 24b · Other expenses: MERCHANDISE

    total $45,903 · management and general $45,903

  • 24c · Other expenses: Direct mail cost

    total $22,803 · fundraising $22,803

  • 24d · Other expenses: Bank fees

    total $10,503 · management and general $10,503

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,080 · end of year $56,860

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $3,240 · end of year $0

  • 4 · Accounts receivable

    end of year $12,081

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,166,400 · end of year $3,924,356

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $910 · end of year $11,990

  • 19 · Deferred revenue

    beginning of year $2,000

  • 25 · Other liabilities

    beginning of year $39,273 · end of year $77,693

  • 27 · Net assets without donor restrictions

    beginning of year $1,367,546 · end of year $1,731,269

  • 28 · Net assets with donor restrictions

    beginning of year $1,870,991 · end of year $2,172,345

Mission and programs · 2023

Mission

TO PROMOTE EDUCATIONAL, LITERARY, AND CHARITABLE PURPOSE BY PROMOTING SCHOLARSHIPS, STUDENT AID, AND ASSISTANCE TO NEEDY AND DESERVING STUDENTS, THE DEVELOPMENT AND FOSTERING OF THE AIMS AND PURPOSES OF THE EDUCATIONAL WORK OF THE NATIONAL FRATERNITY OF PHI SIGMA KAPPA AND OTHER CHARITABLE PURPOSES AS MAY BE DEEMED FROM TIME TO TIME BY THE FOUNDATION'S TRUSTEES.

  • SCHOLARSHIPS TO MEMBERS OF THE GRAND CHAPTER OF PHI SIGMA KAPPA, GRANTS GIVEN TO THE GRAND CHAPTER AND GRANTS GIVEN TO INDIVIDUAL CHAPTERS OF THE GRAND CHAPTER.

    Expenses $384,552 · Grants $349,552

  • SUPPORT TO THE GRAND CHAPTER OF PHI SIGMA KAPPA PUBLICATION (THE SIGNET)

    Expenses $25,000 · Grants $25,000

As filed on the 2023 return.

Listed in Part VII

  • Joseph Kern

    EXEC DIR/CO

    Total calculated
    $141,848
    From this org
    $26,849
    From related orgs
    $114,999
    Other
    $0
    Hours/week
    10 + 40 related

  • Clay Skurdal

    President

    Total calculated
    $0
    Hours/week
    10

  • Thomas Grunwald

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • Mark Cowan

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • Braden Robert Keeter

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • Chad E Burney

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Matthew Waltz

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Sean Hamilton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Glenn Roby

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Harry Hanna

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Keith A Clark

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Greg Stack

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Vern P Hackworth

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Adam Gagas

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tom Wright

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Darren Azarian

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ryan Tabaka

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Walter Clements

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bennett Williams

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gary Kramer

    Trustee

    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

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202511199349301886

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

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