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Nonprofiteer
← HONOR SOCIETY OF PHI KAPPA PHI

Form 990 for tax year 2024

Filed by HONOR SOCIETY OF PHI KAPPA PHI.

Totals

Total revenue
$6,495,378
Total expenses
$6,255,059
Contributions and grants received
$2,774,033
Grants paid
$1,201,375
Program service revenue
$36,504
Investment income
$3,577,158
Other revenue
$107,683
Total assets, end of year
$77,820,000
Total liabilities, end of year
$11,719,093
Net assets or fund balances, end of year
$66,100,907
Program services expenses (Part IX)
$3,518,268
Management and general expenses
$2,280,427
Fundraising expenses
$456,364
Program service expenses (Part III)
$3,518,268

Program services were 56.2% 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.

  • 1b · Membership dues

    $2,538,825

  • 1f · All other contributions, gifts and grants

    $235,208

  • 2a · Program service revenue: CONVENTION REVENUE

    total $17,500 · related or exempt $17,500

  • 2b · Program service revenue: FUNDS FROM WITHDRAWN CHAPTERS

    total $7,931 · related or exempt $7,931

  • 2c · Program service revenue: MISCELLANEOUS REVENUE

    total $7,073 · related or exempt $7,073

  • 2d · Program service revenue: CHARTER & PETITION FEES

    total $4,000 · related or exempt $4,000

  • 3 · Investment income

    total $2,065,769 · excluded $2,065,769

  • 5 · Royalties

    total $107,683 · unrelated business $12,188 · excluded $95,495

  • 7a · Gross sales of assets other than inventory

    securities $22,969,649

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

    securities $21,458,260

  • 7c · Gain or loss

    securities $1,511,389

  • 7d · Net gain or loss

    total $1,511,389 · excluded $1,511,389

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,084,375 · program services $1,084,375

  • 3 · Grants to foreign organizations and individuals

    total $117,000 · program services $117,000

  • 5 · Compensation of officers, directors and key employees

    total $698,436 · program services $245,946 · management and general $299,216 · fundraising $153,274

  • 7 · Other salaries and wages

    total $1,315,344 · program services $918,477 · management and general $264,032 · fundraising $132,835

  • 8 · Pension plan contributions

    total $184,875 · program services $109,121 · management and general $59,266 · fundraising $16,488

  • 9 · Other employee benefits

    total $155,822 · program services $91,973 · management and general $49,952 · fundraising $13,897

  • 10 · Payroll taxes

    total $142,984 · program services $84,395 · management and general $45,837 · fundraising $12,752

  • 11b · Fees: legal

    total $42,112 · management and general $42,112

  • 11c · Fees: accounting

    total $57,356 · management and general $57,356

  • 11f · Fees: investment management

    total $173,808 · management and general $173,808

  • 11g · Fees: other

    total $398,407 · program services $211,590 · management and general $135,321 · fundraising $51,496

  • 12 · Advertising and promotion

    total $177,813 · program services $103,626 · fundraising $74,187

  • 13 · Office expenses

    total $556,333 · program services $346,869 · management and general $209,464

  • 14 · Information technology

    total $760,414 · program services $88,954 · management and general $671,460

  • 17 · Travel

    total $59,435 · management and general $58,000 · fundraising $1,435

  • 19 · Conferences, conventions and meetings

    total $53,005 · program services $53,005

  • 22 · Depreciation, depletion and amortization

    total $69,064 · management and general $69,064

  • 23 · Insurance

    total $17,303 · management and general $17,303

  • 24a · Other expenses: MISCELLANEOUS

    total $191,173 · program services $62,937 · management and general $128,236

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,334 · end of year $287,785

  • 4 · Accounts receivable

    beginning of year $32,966 · end of year $20,936

  • 8 · Inventories for sale or use

    beginning of year $13,597 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $142,902 · end of year $131,482

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

    $2,241,052

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

    $982,180

  • 10c · Land, buildings and equipment, net

    beginning of year $1,313,554 · end of year $1,258,872

  • 11 · Investments: publicly traded securities

    beginning of year $70,757,674 · end of year $75,894,541

  • 15 · Other assets

    beginning of year $359,258 · end of year $226,384

  • 17 · Accounts payable and accrued expenses

    beginning of year $461,764 · end of year $581,716

  • 19 · Deferred revenue

    beginning of year $10,903,142 · end of year $10,999,962

  • 21 · Escrow or custodial account liability

    beginning of year $97,835 · end of year $132,780

  • 25 · Other liabilities

    beginning of year $7,673 · end of year $4,635

  • 27 · Net assets without donor restrictions

    beginning of year $57,679,525 · end of year $61,964,368

  • 28 · Net assets with donor restrictions

    beginning of year $3,595,346 · end of year $4,136,539

Mission and programs · 2024

Mission

THE HONOR SOCIETY OF PHI KAPPA PHI IS A COMMUNITY THAT CELEBRATES AND ADVANCES THE LOVE OF LEARNING.

  • PHI KAPPA PHI (PKP) IS A COMMUNITY THAT CELEBRATES AND ADVANCES THE LOVE OF LEARNING. PKP SUPPORTS OVER 300 CHAPTERS AT COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES, ITS TERRITORIES IN GUAM AND PUERTO RICO. COLLECTIVELY, PHI KAPPA PHI AND ITS CHAPTERS PROMOTE ACADEMIC EXCELLENCE AND PROVIDE MEMBERSHIP BENEFITS TO ITS NEARLY 100,000 MEMBERS.SINCE 1932 PHI KAPPA PHI HAS SUPPORTED THE EDUCATIONAL PURSUITS OF ITS MEMBERS THROUGH ROBUST AND COMPETITIVE AWARD AND GRANT PROGRAMS. PKP AWARDS OVER $1 MILLION EACH YEAR TO OUTSTANDING STUDENTS, MEMBERS, CHAPTERS, AND ORGANIZATIONS BY WAY OF ACADEMIC FELLOWSHIPS, FACULTY SABBATICALS, AWARDS, AND GRANTS.SABBATICALS, AWARDS, GRANTS FROM FELLOWSHIPS UP TO $35,000 TO $1,000 STUDY ABROAD GRANTS TO $1,000 LOVE OF LEARNING GRANTS, THE SOCIETY HAS A LONG HISTORY OF SUPPORTING THE EDUCATIONAL PURSUITS OF ITS MEMBERS. PKP'S 300+ CHAPTERS ARE ENCOURAGED TO SPONSOR CAMPUS AND COMMUNITY EVENTS THAT RECOGNIZE AND PROMOTE ACADEMIC EXCELLENCE AND COMMUNITY ENGAGEMENT. PKP SUPPORTS ITS CHAPTERS BY PROVIDING TRAINING TO STRENGTHEN CHAPTERS AND PROMOTE ITS MSSION ON NUMEROUS COLLEGE AND UNIVERSITY CAMPUSES BY DEVELOPING LEADERSHIP STRATEGIES AND OUTREACH OPPORTUNITIES FOR THEIR CHAPTERS AND MEMBERS.

    Expenses $3,518,268 · Grants $1,201,375 · Revenue $36,504

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mattia Migliore PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Phillips PhD

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Ron Tulley PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lora Becker PhD

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sharhonda Rush MBA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Alison Gregory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristine Kohls

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Shaklee PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debora Wenger PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Taylor Ruiz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meaghan Caron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bradley R Newcomer PhD MBA

    EXECUTIVE DIRECTOR/SECRETARY

    Total calculated
    $305,603
    From this org
    $264,617
    From related orgs
    $0
    Other
    $40,986
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $264,617
    Bonus
    $0
    Other
    $0
    Deferred
    $29,458
    Nontaxable benefits
    $11,528
    Filer's total
    $305,603

  • Traci Navarre

    CHIEF OPERATING OFFICER

    Total calculated
    $228,226
    From this org
    $189,433
    From related orgs
    $0
    Other
    $38,793
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $189,433
    Bonus
    $0
    Other
    $0
    Deferred
    $21,790
    Nontaxable benefits
    $17,003
    Filer's total
    $228,226

  • Brad Jewell

    CHIEF FINANCIAL OFFICER/TREASURER

    Total calculated
    $241,836
    From this org
    $210,218
    From related orgs
    $0
    Other
    $31,618
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,218
    Bonus
    $0
    Other
    $0
    Deferred
    $23,139
    Nontaxable benefits
    $8,479
    Filer's total
    $241,836

  • Anita Joshi

    DIRECTOR OF IT

    Total calculated
    $182,617
    From this org
    $155,068
    From related orgs
    $0
    Other
    $27,549
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,068
    Bonus
    $0
    Other
    $0
    Deferred
    $17,270
    Nontaxable benefits
    $10,279
    Filer's total
    $182,617

  • Jamie Prince EdD

    DIRECTOR OF CHAPTER DEVELOPMENT

    Total calculated
    $125,220
    From this org
    $106,418
    From related orgs
    $0
    Other
    $18,802
    Hours/week
    37.5

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 · 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 3
THE BOARD OF DIRECTORS IS THE AUTHORIZED BODY TO APPROVE THE COMPENSATION OF SOCIETY OFFICERS. THE BOARD HAS AUTHORIZED THE HUMAN RESOURCES COMMITTEE ("HRC") TO PREPARE AND REVIEW COMPENSATION DATA AND INFORMATION ASSOCIATED WITH THE REBUTTABLE PRESUMPTION PROCESS AND PROVIDE COMPENSATION RECOMMENDATIONS TO THE BOARD FOR FINAL APPROVAL OF OFFICER COMPENSATION. FINAL APPROVAL AND MODIFICATIONS, IF ANY, TO THE HRC'S COMPENSATION RECOMMENDATIONS RESTS WITH THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS AND THE HRC UTILIZE COMPARABILITY DATA SUCH AS COMPENSATION SURVEYS AND THE IRS FORM 990 OF OTHER SIMILAR ORGANIZATIONS TO ANALYZE AND SET EXECUTIVE COMPENSATION.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
2 April 2026
IRS schema version
2024v5.5
Source object
202630979349301863

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