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Phi Kappa Theta Fraternity INC FY2021 filing

Not tax-deductible

Indianapolis, IN501(c)(7)Since 1959Mutual / membership EIN 04-2200265Revenue $615K in FY2021Latest return filed Apr 20, 2026

On file with the IRSphikaps.orgIndianapolis, INTax-exempt since May 1961

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Phi Kappa Theta actively develops men to be effective leaders who passionately serve society, Fraternity, and god.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2200265) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
49¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $11K a year · 1% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
49%
of spending
49% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
3.0 mo
of spending, in cash
3.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $42K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$288K
70% of total assets
Liabilities are 70% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$615K
Spent
$551K
To programs
49%
Net assets
$123K
By yearFY2021–FY2025
Revenue
$615K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$615K
FY2022$771K
FY2024$799K
FY2025$875K
Expenses
$551K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$551K
FY2022$938K
FY2024$766K
FY2025$760K
Net assets
$123K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$123K
FY2022−$59K
FY2024$317K
FY2025$151K

From the FY2021 Form 990 (year ending May 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1961.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $268K Management & general 51% · $283K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Ross Aguilar
Ugac Vice Ch
$0Pt VII · Sec A
Dan Bureau
Trustee
$0Pt VII · Sec A
Drew Clark
Ugac Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Max Jasper
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Phi Kappa Theta Fraternity INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops men into passionate leaders who serve society, fraternity, and God.

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3 programs · $268K · in their own filed words · FY2020
01

Provide liability and property insurance coverage to chapters and members.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2200265) · Dispute this line
$128Kprogram expense
02

General management and educational expenses for chapters, expansion groups and those expenditures relating to the administration and education of its members.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2200265) · Dispute this line
$105Kprogram expense
03

Sponsor regional leadership conferences and conventions

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2200265) · Dispute this line
$35Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Phi Kappa Theta National FoundationFY2022$42K
Total grants receivedfrom 1 funder$42K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$615K
Ln 12
Fees for servicesLn 2g$536K
Other incomeLn 4–11$48K
Gifts and grantsLn 1h$26K
Money outPt IX
$551K
Ln 25
Programscol B$268K
Managementcol C$283K
Owns and owesPt X
$123K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$411K
LiabilitiesLn 26$288K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26K
Fees for servicesLn 2g$536K
Investment incomeLn 3$6K
Other incomeLn 4–11$48K
Total revenueLn 12$615K
Assets in detailPt X, end of year
CashLn 1$129K
SavingsLn 2$6K
Cash and savings togetherLn 1–2$136K
Accounts receivableLn 4$73K
Notes and loans receivableLn 7$40K
Prepaid expenses and deferred chargesLn 9$36K
Land, buildings, equipmentLn 10c$924
InvestmentsLn 11–13$126K
Total assetsLn 16$411K
LiabilitiesLn 26$288K
Net assetsLn 32$123K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$171K$136K
InvestmentsLn 11–13$126K
Land, buildings, equipmentLn 10c$5K$924
Total assetsLn 16$367K$411K
LiabilitiesLn 26$329K$288K
Net assetsLn 32$38K$123K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$319K$138K$181K
Other fees for servicesLn 11g$29K$16K$13K
Office expensesLn 13$11K$9K$2K
Information technologyLn 14$6K$4K$2K
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$779$779
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$102K$87K$14K
Other expenses (24a–d)Ln 24$77K$10K$67K
All other expensesLn 24e$171$89$82
Total functional expensesLn 25$551K$268K$283K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 20, 2026 $875K$760K$116K$151K 990 PDF
FY2024Filed with the IRS Apr 15, 2025 $799K$766K$33K$317K 990 PDF
FY2023 Not on file
FY2022Filed with the IRS Apr 18, 2023 $771K$938K−$167K−$59K 990 PDF
FY2021 ViewingFiled with the IRS Oct 26, 2021 $615K$551K$64K$123K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $614,964 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,812$25,942
I-9 Program service revenuePrior year $703,077$535,761
I-10 Investment incomePrior year $4,645$5,664
I-11 Other revenuePrior year $65,870$47,597
I-12 Total revenuePrior year $826,404$614,964
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $878,967$551,175
I-18 Total expensesPrior year $878,967$551,175
I-19 Revenue less expensesPrior year −$52,563$63,789
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $614,964 across 6 lines filed
VIII-1f All other contributions, gifts and grants$25,942
VIII-1h Total contributions, gifts and grants$25,942
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $535,761$535,761
VIII-3 Investment incomeUnrelated business $5,664$5,664
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $47,597$47,597
VIII-12 Total revenueRelated to mission $535,761 · Unrelated business $5,664 · Excluded from tax $47,597$614,964
Part IX · Statement of functional expenses $551,175 across 10 lines filed
IX-11a Management feesPrograms $138,138 · Management $180,761$318,899
IX-11g Other fees for servicesPrograms $15,649 · Management $13,158$28,807
IX-13 Office expensesPrograms $8,758 · Management $2,291$11,049
IX-14 Information technologyPrograms $4,094 · Management $2,279$6,373
IX-19 Conferences, conventions and meetingsPrograms $2,603$2,603
IX-20 InterestPrograms $779$779
IX-22 Depreciation, depletion and amortizationManagement $3,756$3,756
IX-23 InsurancePrograms $87,455 · Management $14,095$101,550
IX-24 Other expenses (24a–d)Programs $10,279 · Management $66,909$77,188
IX-24e All other expensesPrograms $89 · Management $82$171
IX-25 Total functional expensesPrograms $267,844 · Management $283,331 · Fundraising $0$551,175
Part X · Balance sheet $411,197 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $52,040$129,343
X-2 Savings and temporary cash investmentsStart of year $118,630$6,457
X-4 Accounts receivableStart of year $87,530$73,050
X-7 Notes and loans receivable$39,614
X-9 Prepaid expenses and deferred chargesStart of year $50,833$35,955
X-10c Land, buildings and equipment, netStart of year $4,680$924
X-11 Publicly traded securities$125,854
X-16 Total assetsStart of year $366,532$411,197
X-17 Accounts payable and accrued expensesStart of year $234,944$46,256
X-19 Deferred revenueStart of year $25,186$47,865
X-25 Other liabilitiesStart of year $68,558$193,747
X-26 Total liabilitiesStart of year $328,688$287,868
X-27 Net assets without donor restrictionsStart of year $37,844$123,329
X-32 Total net assets or fund balancesStart of year $37,844$123,329
X-33 Total liabilities and net assetsStart of year $366,532$411,197
Part XI · Reconciliation of net assets $123,329 net assets at year end
XI-1 Total revenue$614,964
XI-2 Total expenses$551,175
XI-3 Revenue less expenses$63,789
XI-4 Net assets at start of year$37,844
XI-5 Net unrealized gains (losses) on investments$21,696
XI-10 Net assets at end of year$123,329

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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