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Nonprofiteer
← PI BETA PHI FOUNDATION

Form 990 for tax year 2023

Filed by PI BETA PHI FOUNDATION.

Totals

Total revenue
$4,583,190
Total expenses
$5,137,763
Contributions and grants received
$3,469,245
Grants paid
$3,728,342
Program service revenue
$0
Investment income
$1,226,260
Other revenue
-$112,315
Total assets, end of year
$36,354,616
Total liabilities, end of year
$595,283
Net assets or fund balances, end of year
$35,759,333
Program services expenses (Part IX)
$4,099,908
Management and general expenses
$511,848
Fundraising expenses
$526,007
Program service expenses (Part III)
$4,099,908

Program services were 79.8% 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.

  • 1c · Fundraising events

    $166,731

  • 1f · All other contributions, gifts and grants

    $3,302,514

  • 1g · Noncash contributions included above

    $187,917

  • 3 · Investment income

    total $1,115,276 · excluded $1,115,276

  • 7a · Gross sales of assets other than inventory

    securities $4,853,530

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

    securities $4,742,546

  • 7c · Gain or loss

    securities $110,984

  • 7d · Net gain or loss

    total $110,984 · excluded $110,984

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $166,731

  • 8b · Fundraising events: direct expenses

    $114,508

  • 8c · Net income from fundraising events

    total -$114,508 · excluded -$114,508

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,193 · related or exempt $2,193

  • 11e · Other revenue, total

    $2,193

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,456,489 · program services $3,456,489

  • 2 · Grants to domestic individuals

    total $271,853 · program services $271,853

  • 5 · Compensation of officers, directors and key employees

    total $140,666 · program services $45,014 · management and general $46,420 · fundraising $49,232

  • 7 · Other salaries and wages

    total $467,515 · program services $149,607 · management and general $154,282 · fundraising $163,626

  • 8 · Pension plan contributions

    total $12,475 · program services $3,992 · management and general $4,117 · fundraising $4,366

  • 9 · Other employee benefits

    total $37,960 · program services $12,147 · management and general $12,527 · fundraising $13,286

  • 10 · Payroll taxes

    total $41,455 · program services $13,266 · management and general $13,680 · fundraising $14,509

  • 11b · Fees: legal

    total $30,800 · program services $2,458 · management and general $2,984 · fundraising $25,358

  • 11c · Fees: accounting

    total $25,564 · management and general $25,564

  • 11f · Fees: investment management

    total $117,593 · management and general $117,593

  • 11g · Fees: other

    total $98,076 · program services $24,634 · management and general $45,782 · fundraising $27,660

  • 13 · Office expenses

    total $132,708 · program services $28,200 · management and general $13,209 · fundraising $91,299

  • 14 · Information technology

    total $112,075 · program services $35,256 · management and general $30,284 · fundraising $46,535

  • 16 · Occupancy

    total $38,932 · program services $13,563 · management and general $13,207 · fundraising $12,162

  • 17 · Travel

    total $42,238 · program services $20,797 · management and general $7,950 · fundraising $13,491

  • 22 · Depreciation, depletion and amortization

    total $6,988 · management and general $6,988

  • 23 · Insurance

    total $1,552 · program services $497 · management and general $512 · fundraising $543

  • 24a · Other expenses: BANK & CARD FEES

    total $38,907 · fundraising $38,907

  • 24b · Other expenses: DUES/SUBSCRIPTIONS

    total $36,075 · program services $11,535 · management and general $11,895 · fundraising $12,645

  • 24c · Other expenses: MISCELLANEOUS

    total $21,565 · program services $9,690 · management and general $2,253 · fundraising $9,622

  • 24d · Other expenses: TELEPHONE

    total $3,944 · program services $1,263 · management and general $1,301 · fundraising $1,380

  • 24e · All other expenses

    total $2,333 · program services -$353 · management and general $1,300 · fundraising $1,386

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,800,273 · end of year $49,149

  • 2 · Savings and temporary cash investments

    beginning of year $1,339,786 · end of year $7,714,122

  • 3 · Pledges and grants receivable

    beginning of year $1,717,536 · end of year $1,591,643

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

    $312,987

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

    $307,414

  • 10c · Land, buildings and equipment, net

    beginning of year $12,561 · end of year $5,573

  • 11 · Investments: publicly traded securities

    beginning of year $24,246,987 · end of year $26,828,561

  • 12 · Investments: other securities

    beginning of year $40,412 · end of year $82,941

  • 15 · Other assets

    beginning of year $81,367 · end of year $82,627

  • 17 · Accounts payable and accrued expenses

    beginning of year $660,858 · end of year $595,283

  • 27 · Net assets without donor restrictions

    beginning of year $13,650,252 · end of year $15,068,682

  • 28 · Net assets with donor restrictions

    beginning of year $20,927,812 · end of year $20,690,651

Mission and programs · 2023

Mission

PI BETA PHI FOUNDATION ENABLES THE FRATERNITY TO REALIZE ITS VISION AND ENSURES THE FUTURE OF OUR SISTERHOOD. THROUGH FUNDING FOR LEADERSHIP PROGRAMS, EDUCATIONAL SCHOLARSHIPS, AND SELECT PHILANTHROPIC SUPPORT, THE FOUNDATION IMPROVES THE FRATERNITY, ITS MEMBERS AND THE COMMUNITIES IN WHICH THEY LIVE ACROSS THE UNITED STATES AND CANADA.

  • PI BETA PHI HAS HAD A FOCUS ON PHILANTHROPY FROM THE VERY START. IT WAS THE FIRST GREEK LETTERED ORGANIZATION TO ESTABLISH ITS OWN NATIONAL PHILANTHROPIC PROJECT WITH THE FOUNDING OF THE PI BETA PHI SETTLEMENT SCHOOL IN APPALACHIA (NOW MODERN DAY GATLINBURG, TN) IN 1912. TODAY, PI PHI'S FOCUS ON PHILANTHROPY REMAINS CENTERED ON ADVANCING LITERACY THROUGH READ>LEAD>ACHIEVE. TENS OF THOUSANDS OF CHILDREN WERE ASSISTED THROUGH PI PHI'S LITERACY EFFORTS IN FY23-24 THROUGH SPECIFIC INITIATIVES INCLUDING CHAMPIONS ARE READERS, FRATERNITY DAY OF SERVICE SIGNATURE EVENTS, ARROW IN THE ARCTIC, AND FDS500. ON JULY 1, 2013, PI BETA PHI UNVEILED THE STORY OF ONE, PI PHI'S CAMPAIGN TO IMPACT ONE MILLION LIVES THROUGH READ>LEAD>ACHIEVE BY ITS 150TH ANNIVERSARY IN 2017 REACHING MORE THAN 1,128,156 LIVES IMPACTED. THE LITERACY ADVOCACY PROJECT SUPPORT IS PROVIDED THROUGH GRANTS. PI BETA PHI FOUNDATION ALSO OFFERS DIRECT LITERACY PROGRAMMING GRANTS IN THE FORM OF LOCAL IMPACT GRANTS. LOCAL IMPACT GRANTS ARE MADE TO 501(C)(3) ORGANIZATIONS WITH LITERACY PROGRAMS VIA NOMINATIONS FROM PI BETA PHI CHAPTERS AND ALUMNAE CLUBS.PI BETA PHI FOUNDATION ALSO OFFERS DIRECT GRANTS THROUGH THE EMMA HARPER TURNER FUND PROGRAM WHICH PROVIDES ASSISTANCE TO MEMBERS WHO ENCOUNTER DIRE FINANCIAL NEED DUE TO JOB LOSS, SIGNIFICANT ILLNESS, OR DEATH OF A PARENT OR SPOUSE. ONE-TIME FINANCIAL GIFTS ARE MADE TO MEMBERS WHO DEMONSTRATE SEVERE FINANCIAL STRESS. GRANTS ARE MADE VIA A ROBUST APPLICATION AND EVALUATION PROCESS, UNDER THE GUIDANCE OF A SPECIFIC COMMITTEE TRAINED TO ASSESS INDIVIDUAL NEED. BOTH COLLEGIATE AND ALUMNAE MEMBERS ARE ELIGIBLE FOR ASSISTANCE.

    Expenses $872,475 · Grants $793,403

  • OTHER PROGRAMS AND GRANT AREAS FOR PI BETA PHI FOUNDATION INCLUDE SUPPORT FOR QUALIFIED EDUCATION AREAS OF SPECIFIC CHAPTER HOUSING CAMPAIGNS AND SUPPORT FOR THE HERITAGE AND HISTORY OF PI BETA PHI AND WOMEN'S ADVANCEMENT IN HIGHER EDUCATION, THROUGH HOLT HOUSE LOCATED IN MONMOUTH, IL AND CENTENNIAL PLAZA LOCATED IN GATLINBURG, TN. SUPPORT FOR ARROWMONT SCHOOL OF ARTS AND CRAFTS IS ALSO RELATED TO THE HERITAGE AND HISTORY OF PI BETA PHI.

    Expenses $2,378,162 · Grants $2,162,633

  • PI BETA PHI FOUNDATION FUNDS A BROAD ARRAY OF PROGRAMS DESIGNED TO BENEFIT THE FRATERNITY, ITS MEMBERS AND THE COMMUNITY AT LARGE. LEADERSHIP PROGRAMMING EDUCATES UNDERGRADUATE WOMEN AND ALUMNAE TO DEVELOP THE NEXT GENERATION OF LEADERS EQUIPPED TO SERVE THEIR COMMUNITIES AND TO COMBAT ILLITERACY, SO THAT PI PHI CAN WORK TOWARDS ITS MISSION TO THE BETTERMENT OF SOCIETY. SCHOLARSHIPS ASSIST WOMEN IN UNDERGRADUATE AND GRADUATE SCHOOL PROGRAMS, AS WELL AS ALUMNAE CONTINUING EDUCATION AWARDS. THERE WERE 121 AWARDS TOTALING $240,730 MADE IN FY23-24. SPECIFIC PHILANTHROPIC PROGRAMS ASSIST INDIVIDUALS IN DIRE FINANCIAL DISTRESS, SUPPORT THE HERITAGE AND HISTORY OF HOLT HOUSE AND PROVIDE ASSISTANCE FOR EDUCATIONAL AREA GRANT PROGRAMS FOR SPECIFIC CHAPTER HOUSING, AND PROVIDE ESSENTIAL SUPPORT FOR PI PHI'S LITERACY EFFORTS, INCLUDING CHAMPIONS ARE READERS, ARROW IN THE ARCTIC, AND FIRST BOOK. LITERALLY TENS OF THOUSANDS OF CHILDREN WERE ASSISTED THROUGH PI PHI'S LITERACY EFFORTS IN FY23-24.

    Expenses $266,662 · Grants $242,497

  • LEADERSHIP IS AT THE CORE OF PI BETA PHI, DATING BACK TO ITS FOUNDING IN 1867 IN MONMOUTH, IL. PI BETA PHI HAS BEEN A LEADER IN DEVELOPING WOMEN OF INTELLECT, COURAGE, INTEGRITY AND COMMITTED TO SERVICE. IT WAS THIS FOCUS ON LEADERSHIP THAT ENABLED PI BETA PHI TO BE THE FIRST GREEK LETTERED ORGANIZATION TO ADOPT ITS OWN PHILANTHROPY IN 1912. TODAY, LEADERSHIP PROGRAMMING IS A KEY PART OF THE MEMBERSHIP EXPERIENCE AT ALL LEVELS OF THE ORGANIZATION, FROM UNDERGRADUATE COLLEGIANS TO ALUMNAE OF ALL AGES. EVERY LEADERSHIP PROGRAM OFFERED BY PI BETA PHI FRATERNITY FOR WOMEN IS SUPPORTED IN SOME WAY BY PI BETA PHI FOUNDATION GRANTS. THESE PROGRAMS INCLUDE PI PHI'S TRADEMARKED LEADING WITH VALUES PROGRAMMING, CRITICAL CONVERSATIONS, LEADERSHIP ACADEMIES AND CONVENTION, ONLINE LEARNING, LEADERSHIP INSTITUTE PREPARING YOUNG WOMEN TO MAKE THE IMPOSSIBLE THE INEVITABLE, AND THE LEADERSHIP DEVELOPMENT CONSULTANT PROGRAM. LEADERSHIP PROGRAMMING EDUCATES UNDERGRADUATE WOMEN AND DEVELOPS THE NEXT GENERATION OF LEADERS, CREATING IMPACT ON OUR COMMUNITIES, FAMILIES AND LEADING THE WAY TO FIGHT ILLITERACY. MORE THAN 13,000 UNDERGRADUATES AND THOUSANDS MORE ALUMNAE WERE TOUCHED IN SOME WAY BY THE LEADERSHIP PROGRAMMING OFFERED BY PI BETA PHI IN FY23-24.

    Expenses $582,609 · Grants $529,808

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CINDY RICE SVEC

    PRESIDENT

    Total calculated
    $0
    Hours/week
    13.57

  • WENDY LABRECHE PRATT

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • KATHLEEN MERIANO

    VP - DEVELOPMENT

    Total calculated
    $0
    Hours/week
    4

  • DONNA BUTTERWORTH

    VP - FINANCE

    Total calculated
    $0
    Hours/week
    10

  • MARY JANE BUDCHELE JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • LESLIE MAGNUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • KIM BARGER DURAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • GINA GARRISON JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • TERRE MCFILLEN HALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • ANA MANCEBO MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • BRENDA BALKUNAS WIRTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JILL CARREL

    EXECUTIVE DIRECTOR (3/24-PRESENT)

    Total calculated
    $0
    Hours/week
    40

  • HALLEE WINNIE

    EXECUTIVE DIRECTOR (7/23-11/24)

    Total calculated
    $169,632
    From this org
    $164,163
    From related orgs
    $0
    Other
    $5,469
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,413
    Bonus
    $13,750
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,469
    Filer's total
    $169,632

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 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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PBP HOLDINGS LLC

    INVESTMENTS · TN · income $13,031 · assets $16,501

    Directly controlled by PI BETA PHI FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433169349305338

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