Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1955.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
27 cents of each dollar spent went to programs.
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
5 people listed on the 990; $115K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2021 |
|---|---|---|---|---|---|---|
| Dennis Shea | $124,046 | $126,979 | $125,557 | $115,000 | $38,333 | — |
| Daniel Heiss | — | — | — | — | $9,625 | $38,192 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Phi Kappa Sigma Educational Fund 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 15aNo
Programs and updates
Offers financial aid and training for fraternity members' education.
Questions for Phi Kappa Sigma Educational Fund INC
Your first name shows with your question. Phi Kappa Sigma Educational Fund INC answers here, for everyone.
To provide financial assitance and training for education to eligible fraternity members
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $400K | $238K |
| InvestmentsLn 11–13 | $4.6M | $3.9M |
| Land, buildings, equipmentLn 10c | $294K | $281K |
| Total assetsLn 16 | $5.3M | $4.5M |
| LiabilitiesLn 26 | $4K | $41K |
| Net assetsLn 32 | $5.3M | $4.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $36K | $36K | ||
| Grants to domestic individualsLn 2 | $99K | $99K | ||
| Pay of current officers, directors and key staffLn 5 | $115K | $115K | ||
| Payroll taxesLn 10 | $10K | $10K | ||
| Legal feesLn 11b | $110K | $110K | ||
| Accounting feesLn 11c | $62K | $62K | ||
| Office expensesLn 13 | $13K | $13K | ||
| Conferences, conventions and meetingsLn 19 | $16K | $16K | ||
| Depreciation, depletion and amortizationLn 22 | $13K | $13K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $32K | $32K | ||
| Total functional expensesLn 25 | $510K | $135K | $250K | $125K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 14, 2026 | $594K | $530K | $64K | $5.0M | 990 PDF |
| FY2024Filed with the IRS Feb 17, 2025 | $426K | $403K | $23K | $4.8M | 990 PDF |
| FY2023Filed with the IRS Sep 24, 2024 | $316K | $516K | −$200K | $4.5M | 990 PDF |
| FY2022 ViewingFiled with the IRS Nov 14, 2023 | $362K | $510K | −$148K | $4.4M | 990 PDF |
| FY2021Filed with the IRS Aug 30, 2022 | $1.1M | $346K | $757K | $5.1M | 990 PDF |
| FY2020Filed with the IRS Feb 14, 2021 | $311K | $462K | −$151K | $4.4M | 990 PDF |
Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $361,518 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, 1 to look at
Part VIII · Statement of revenue $361,518 across 5 lines filed
Part IX · Statement of functional expenses $509,782 across 11 lines filed
Part X · Balance sheet $4,460,494 assets, 12 lines filed
Part XI · Reconciliation of net assets $4,419,375 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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