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Pi Kappa Phi Fraternity FY2021 filing

Not tax-deductible

Ithaca, NY501(c)(7)EIN 16-6077319

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The purpose of the entity is to operate the local chapter of Pi Kappa Phi Fraternity psi chapter at cornell university, a college social Fraternity. The mission of the organization is to promote the social, intellectual, and moral development of college and university men, both members and pledges of Pi Kappa Phi Fraternity. The organization spends resources to support the education of members, promote social functions, and support philanthropic causes in the community. The organization spends equal amounts of time on each mission IT supports. The activities are supported through member dues and donations.

Mission: Form 990 Part I, line 1

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
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
3 of 3
filings with a surplus
Average surplus $18K a year · 6% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$64K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$324K
+17% vs prior year
Spent
$290K
Net assets
$143K
By yearFY2020–FY2024
Revenue
$324K
FY2021▲ +17%
Revenue by fiscal year
FY2020$276K
FY2021$324K
FY2022$174K
FY2023$139K
FY2024$301K
Expenses
$290K
FY2021▲ +11%
Expenses by fiscal year
FY2020$261K
FY2021$290K
FY2022Not on file
FY2023Not on file
FY2024$297K
Net assets
$143K
FY2021▲ +31%
Net assets by fiscal year
FY2020$109K
FY2021$143K
FY2022$178K
FY2023$165K
FY2024$4K

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

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

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

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Rohan Sasso
President
$0Pt VII · Sec A
Brady Barnett
Vice President
$0Pt VII · Sec A
William Roddy
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pi Kappa Phi Fraternity executive salaries →

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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

Develops college men socially, intellectually, and morally through fraternity activities and community support.

Provided by the organization

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1 program · in their own filed words · FY2020
01

To provide room, board and fellowship to members of college fraternity

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$324K
Ln 12
Fees for servicesLn 2g$324K
Money outPt IX
$290K
Ln 25
Owns and owesPt X
$143K
net assets · Ln 32
Cash and savingsLn 1–2$153K
Total assetsLn 16$207K
LiabilitiesLn 26$64K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$324K
Total revenueLn 12$324K
Assets in detailPt X, end of year
CashLn 1$125K
SavingsLn 2$28K
Cash and savings togetherLn 1–2$153K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$2K
Total assetsLn 16$207K
LiabilitiesLn 26$64K
Net assetsLn 32$143K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$58K$153K
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$161K$207K
LiabilitiesLn 26$51K$64K
Net assetsLn 32$109K$143K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$11K
Other fees for servicesLn 11g$1K
OccupancyLn 16$42K
Depreciation, depletion and amortizationLn 22$307
Other expenses (24a–d)Ln 24$196K
All other expensesLn 24e$39K
Total functional expensesLn 25$290K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $301K$297K$4K$4K 990 PDF
FY2023 $139K$165K 990 PDF
FY2022 $174K$178K 990 PDF
FY2021 Viewing $324K$290K$34K$143K 990 PDF
FY2020 $276K$261K$15K$109K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $323,685 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $323,685$323,685
VIII-12 Total revenueRelated to mission $323,685 · Unrelated business $0 · Excluded from tax $0$323,685
Part IX · Statement of functional expenses $289,697 across 6 lines filed
IX-11c Accounting fees$10,976
IX-11g Other fees for services$1,416
IX-16 Occupancy$41,899
IX-22 Depreciation, depletion and amortization$307
IX-24 Other expenses (24a–d)$195,776
IX-24e All other expenses$39,323
IX-25 Total functional expenses$289,697
Part X · Balance sheet $207,111 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $29,922$124,914
X-2 Savings and temporary cash investmentsStart of year $27,676$27,676
X-4 Accounts receivableStart of year $47,245$37,097
X-9 Prepaid expenses and deferred chargesStart of year $14,973$11,543
X-10c Land, buildings and equipment, netStart of year $3,938$3,631
X-15 Other assetsStart of year $36,870$2,250
X-16 Total assetsStart of year $160,624$207,111
X-17 Accounts payable and accrued expensesStart of year $3,833$832
X-25 Other liabilitiesStart of year $47,500$63,000
X-26 Total liabilitiesStart of year $51,333$63,832
X-32 Total net assets or fund balancesStart of year $109,291$143,279
X-33 Total liabilities and net assetsStart of year $160,624$207,111
Part XI · Reconciliation of net assets $143,279 net assets at year end
XI-1 Total revenue$323,685
XI-2 Total expenses$289,697
XI-3 Revenue less expenses$33,988
XI-4 Net assets at start of year$109,291
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$143,279

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

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