Phi Kappa Psi Fraternity: FY2020 Nonprofit Profile & Form 990 (EIN 16-6089737)

Revenue by fiscal year
FY2020	$369K
FY2021	$11K

Expenses by fiscal year
FY2020	$384K
FY2021	$37K

Net assets by fiscal year
FY2020	$64K
FY2021	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Chet Osadchey

Alumni President

$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

Offers housing and community to Phi Kappa Psi members at Cornell University.

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Provided by the organization

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1 program · in their own filed words · FY2019

01

To provide housing and fellowship to members of college fraternity.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$369K

Ln 12

Fees for servicesLn 2g$369K

Money outPt IX

$384K

Ln 25

Owns and owesPt X

$64K

net assets · Ln 32

Cash and savingsLn 1–2$55K

Total assetsLn 16$64K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$369K

Total revenueLn 12$369K

Assets in detailPt X, end of year

CashLn 1$55K

Cash and savings togetherLn 1–2$55K

Other assetsLn 15$2K

Total assetsLn 16$64K

LiabilitiesLn 26$0

Net assetsLn 32$64K

OperationsPt I, VI

EmployeesI 51

VolunteersI 62

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$77K	$55K
Total assetsLn 16	$79K	$64K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$79K	$64K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$61K
Payroll taxesLn 10	$8K
Accounting feesLn 11c	$180
Other fees for servicesLn 11g	$2K
OccupancyLn 16	$650
Other expenses (24a–d)Ln 24	$303K
All other expensesLn 24e	$10K
Total functional expensesLn 25	$384K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest	$11K	$37K	−$26K	$0	990 PDF
FY2020 Viewing	$369K	$384K	−$15K	$64K	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 FY2020 990 (6 parts)

Part I · Summary $369,055 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $509,664$369,055

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $509,664$369,055

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $71,184$68,299

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $407,781$315,756

I-18 Total expensesPrior year $478,965$384,055

I-19 Revenue less expensesPrior year $30,699−$15,000

Part VI · Governance 2 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

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 $369,055 across 2 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $369,055$369,055

VIII-12 Total revenueRelated to mission $369,055 · Unrelated business $0 · Excluded from tax $0$369,055

Part IX · Statement of functional expenses $384,055 across 7 lines filed

IX-7 Other salaries and wages$60,663

IX-10 Payroll taxes$7,636

IX-11c Accounting fees$180

IX-11g Other fees for services$2,097

IX-16 Occupancy$650

IX-24 Other expenses (24a–d)$302,643

IX-24e All other expenses$10,186

IX-25 Total functional expenses$384,055

Part X · Balance sheet $64,346 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $77,096$55,060

X-4 Accounts receivable$7,036

X-15 Other assetsStart of year $2,250$2,250

X-16 Total assetsStart of year $79,346$64,346

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $79,346$64,346

X-33 Total liabilities and net assetsStart of year $79,346$64,346

Part XI · Reconciliation of net assets $64,346 net assets at year end

XI-1 Total revenue$369,055

XI-2 Total expenses$384,055

XI-3 Revenue less expenses−$15,000

XI-4 Net assets at start of year$79,346

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$64,346

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Phi Kappa Psi Fraternity FY2020 filing

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