Phi Kappa Psi Fraterntiy

Not tax-deductible

Syracuse, NY501(c)(7)EIN 15-0532652Revenue $130K in FY2024

On file with the IRSPo Box 6501, 13217-6501 · Syracuse, NYTax-exempt since Jan 1941

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To provide program services for a chapter fraternity house on campus.

92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $16K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$130K
+2% vs prior year
Spent
$102K
To programs
92%
Net assets
$689K
By yearFY2020–FY2024
Revenue
$130K
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$129K
FY2022$113K
FY2023$127K
FY2024$130K
Expenses
$102K
FY2024▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$95K
FY2021$101K
FY2022$108K
FY2023$132K
FY2024$102K
Net assets
$689K
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$672K
FY2021$700K
FY2022$665K
FY2023$661K
FY2024$689K

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1941.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $93K Management & general 8% · $8K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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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 15aNo

Programs and updates

Supports a fraternity chapter house by providing program services.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

Program services and meals for a chapter house on campus.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$130K
Ln 12
Fees for servicesLn 2g$82K
Other incomeLn 4–11$48K
Money outPt IX
$102K
Ln 25
Programscol B$93K
Managementcol C$8K
Owns and owesPt X
$689K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$689K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$82K
Other incomeLn 4–11$48K
Gains on assetsLn 7$0
Total revenueLn 12$130K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$0
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$684K
Total assetsLn 16$689K
LiabilitiesLn 26$0
Net assetsLn 32$689K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4K$5K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$661K$689K
LiabilitiesLn 26$0$0
Net assetsLn 32$661K$689K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$36K$36K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K$3K
Management feesLn 11a$6K$6K
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$780$780
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$52K$52K$93
All other expensesLn 24e$38$38
Total functional expensesLn 25$102K$93K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $130K$102K$28K$689K 990 PDF
FY2023 $127K$132K−$4K$661K 990 PDF
FY2022 $113K$108K$5K$665K 990 PDF
FY2021 $129K$101K$28K$700K 990 PDF
FY2020 $120K$95K$25K$672K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $129,985 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $110,240$81,500
I-10 Investment income$0
I-11 Other revenuePrior year $17,023$48,485
I-12 Total revenuePrior year $127,263$129,985
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $37,888$39,037
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $93,805$62,590
I-18 Total expensesPrior year $131,693$101,627
I-19 Revenue less expensesPrior year −$4,430$28,358
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $129,985 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $81,500$81,500
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $48,485$48,485
VIII-12 Total revenueRelated to mission $129,985$129,985
Part IX · Statement of functional expenses $101,627 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $36,100$36,100
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $2,937$2,937
IX-11a Management feesManagement $6,000$6,000
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,250$2,250
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $780$780
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,442$1,442
IX-24 Other expenses (24a–d)Programs $51,987 · Management $93$52,080
IX-24e All other expensesPrograms $38$38
IX-25 Total functional expensesPrograms $93,284 · Management $8,343 · Fundraising $0$101,627
Part X · Balance sheet $689,344 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,924$4,923
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $657,062$684,421
X-16 Total assetsStart of year $660,986$689,344
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $660,986$689,344
X-33 Total liabilities and net assetsStart of year $660,986$689,344
Part XI · Reconciliation of net assets $689,344 net assets at year end
XI-1 Total revenue$129,985
XI-2 Total expenses$101,627
XI-3 Revenue less expenses$28,358
XI-4 Net assets at start of year$660,986
XI-10 Net assets at end of year$689,344

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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