philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Phi Theta Kappa Foundation

Tax-deductible

Jackson, MS501(c)(3)Education EIN 20-5469890Revenue $3.3M in FY2024

On file with the IRSptkfoundation.org1625 Eastover Dr, 39211-6431 · Jackson, MSTax-exempt since Jul 2008Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The purpose of Phi Theta Kappa Foundation is to secure the financial resources to support the values, vision, and priorities of the Phi Theta Kappa honor society.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 $244K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Plus $13.8M in investments, Pt X · Ln 11–13
Looks good: 15.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $284K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.1M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
+30% vs prior year
Spent
$3.0M
To programs
79%
Net assets
$14.8M
By yearFY2020–FY2024
Revenue
$3.3M
FY2024▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.4M
FY2021$4.0M
FY2022$2.6M
FY2023$2.6M
FY2024$3.3M
Expenses
$3.0M
FY2024▲ +44%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.9M
FY2021$4.2M
FY2022$2.4M
FY2023$2.1M
FY2024$3.0M
Net assets
$14.8M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.6M
FY2021$14.3M
FY2022$12.0M
FY2023$13.7M
FY2024$14.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2008.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $2.4M Management & general 13% · $387K Fundraising 8% · $251K

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

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Dr Willis Lott
Chair - Part Year
$0Pt VII · Sec A
Dr George Boggs
Chair/International Honorary Mem
$0Pt VII · Sec A
$0Pt VII · Sec A
Jane Hale Paulsen
Trustee - Part Year
$0Pt VII · Sec A
Jodi Harris
Trustee - Part Year
$0Pt VII · Sec A
Dr Jason Scales
Trustee - Part Year
$0Pt VII · Sec A
Dr Michael Chipps
Trustee - Part Year
$0Pt VII · Sec A
Dr Lynn Tincher-Ladner
President & CEO
$0Pt VII · Sec A
See Phi Theta Kappa Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Provides financial support for Phi Theta Kappa Honor Society's goals and values.

Questions for Phi Theta Kappa Foundation

Tap to ask. Phi Theta Kappa Foundation sees how many people are interested.

Your first name shows with your question. Phi Theta Kappa Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $2.4M · in their own filed words · FY2024
01

The phi theta kappa foundation's purpose is to raise and oversee the voluntary private support of time, talent, and financial contributions to support and advance the mission, vision and priorities of phi theta kappa honor society.

$2.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Bower FoundationFY2025$284K
Total grants receivedfrom 1 funder$284K
Grants paid · 5 grants · $10.5M · 2020–2024
Phi Theta Kappa Honor SocietyMS · FY2024$2,102,888
Phi Theta Kappa Honor SocietyMS · FY2023$1,221,014
Phi Theta Kappa Honor SocietyMS · FY2022$1,844,564
Phi Theta Kappa Honor SocietyMS · FY2021$3,398,049
Phi Theta Kappa Honor SocietyMS · FY2020$1,940,977

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$2.6M
Investment incomeLn 3$723K
Other incomeLn 4–11$2K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.4M
Managementcol C$387K
Fundraisingcol D$251K
Owns and owesPt X
$14.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.0M
Total assetsLn 16$17.9M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Noncash giftsLn 1g$666K
Fundraising eventsLn 1c$29K
Investment incomeLn 3$723K
Other incomeLn 4–11$2K
Gains on assetsLn 7$252K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$3.9M
SavingsLn 2$90K
Cash and savings togetherLn 1–2$4.0M
InvestmentsLn 11–13$13.8M
Other assetsLn 15$10K
Total assetsLn 16$17.9M
LiabilitiesLn 26$3.1M
Net assetsLn 32$14.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$3.6M$4.0M
InvestmentsLn 11–13$12.6M$13.8M
Total assetsLn 16$16.4M$17.9M
LiabilitiesLn 26$2.6M$3.1M
Net assetsLn 32$13.7M$14.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.1M$2.1M
Other salaries and wagesLn 7$524K$137K$177K$210K
Pension plan contributionsLn 8$23K$6K$8K$9K
Other employee benefitsLn 9$42K$29K$11K$2K
Payroll taxesLn 10$37K$10K$13K$13K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$129K$129K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$5K$2K$183$3K
Office expensesLn 13$933$68$585$280
OccupancyLn 16$16K$7K$4K$4K
TravelLn 17$16K$13K$149$3K
Depreciation, depletion and amortizationLn 22$12K$4K$6K$2K
Other expenses (24a–d)Ln 24$70K$46K$21K$3K
All other expensesLn 24e$10K$3K$4K$3K
Total functional expensesLn 25$3.0M$2.4M$387K$251K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.3M$3.0M$322K$14.8M 990 PDF
FY2023 $2.6M$2.1M$474K$13.7M 990 PDF
FY2022 $2.6M$2.4M$141K$12.0M 990 PDF
FY2021 $4.0M$4.2M−$222K$14.3M 990 PDF
FY2020 $3.4M$2.9M$508K$13.6M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,322,097 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,050,577$2,596,826
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $492,108$722,853
I-11 Other revenuePrior year $8,308$2,418
I-12 Total revenuePrior year $2,550,993$3,322,097
I-13 Grants and similar amounts paidPrior year $1,221,014$2,102,888
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $584,477$624,993
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $271,819$272,288
I-18 Total expensesPrior year $2,077,310$3,000,169
I-19 Revenue less expensesPrior year $473,683$321,928
Part VI · Governance 3 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
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 $3,322,097 across 9 lines filed
VIII-1c Fundraising events$29,167
VIII-1d Related organizations$665,889
VIII-1f All other contributions, gifts and grants$1,901,770
VIII-1g Noncash contributions (included above)$665,889
VIII-1h Total contributions, gifts and grants$2,596,826
VIII-3 Investment incomeExcluded from tax $470,562$470,562
VIII-7 Net gain or loss on sales of assetsRelated to mission $252,291$252,291
VIII-8 Net income from fundraising eventsExcluded from tax $2,418$2,418
VIII-12 Total revenueRelated to mission $252,291 · Unrelated business $0 · Excluded from tax $472,980$3,322,097
Part IX · Statement of functional expenses $3,000,169 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $2,102,888$2,102,888
IX-7 Other salaries and wagesPrograms $136,518 · Management $177,283 · Fundraising $209,767$523,568
IX-8 Pension plan contributionsPrograms $6,242 · Management $8,303 · Fundraising $8,524$23,069
IX-9 Other employee benefitsPrograms $28,599 · Management $10,933 · Fundraising $2,063$41,595
IX-10 Payroll taxesPrograms $10,268 · Management $13,247 · Fundraising $13,246$36,761
IX-11c Accounting feesManagement $12,421$12,421
IX-11f Investment management feesManagement $128,691$128,691
IX-11g Other fees for servicesPrograms $2,119$2,119
IX-12 Advertising and promotionPrograms $1,751 · Management $183 · Fundraising $2,777$4,711
IX-13 Office expensesPrograms $68 · Management $585 · Fundraising $280$933
IX-16 OccupancyPrograms $6,966 · Management $4,360 · Fundraising $4,361$15,687
IX-17 TravelPrograms $13,155 · Management $149 · Fundraising $2,736$16,040
IX-22 Depreciation, depletion and amortizationPrograms $3,689 · Management $6,322 · Fundraising $1,845$11,856
IX-24 Other expenses (24a–d)Programs $46,049 · Management $20,659 · Fundraising $3,103$69,811
IX-24e All other expensesPrograms $3,458 · Management $3,932 · Fundraising $2,629$10,019
IX-25 Total functional expensesPrograms $2,361,770 · Management $387,068 · Fundraising $251,331$3,000,169
Part X · Balance sheet $17,874,262 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $3,393,831$3,893,446
X-2 Savings and temporary cash investmentsStart of year $164,762$90,030
X-3 Pledges and grants receivableStart of year $206,916$129,830
X-13 Program-related investmentsStart of year $12,605,679$13,750,956
X-15 Other assetsStart of year $10,000$10,000
X-16 Total assetsStart of year $16,381,188$17,874,262
X-25 Other liabilitiesStart of year $2,647,342$3,085,526
X-26 Total liabilitiesStart of year $2,647,342$3,085,526
X-27 Net assets without donor restrictionsStart of year $3,865,095$4,162,728
X-28 Net assets with donor restrictionsStart of year $9,868,751$10,626,008
X-32 Total net assets or fund balancesStart of year $13,733,846$14,788,736
X-33 Total liabilities and net assetsStart of year $16,381,188$17,874,262
Part XI · Reconciliation of net assets $14,788,736 net assets at year end
XI-1 Total revenue$3,322,097
XI-2 Total expenses$3,000,169
XI-3 Revenue less expenses$321,928
XI-4 Net assets at start of year$13,733,846
XI-5 Net unrealized gains (losses) on investments$732,962
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,788,736

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.