Is it real?
Yes. Never revoked by the IRS. Latest filing we have: FY2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 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
9 people listed on the 990; $155K paid to officers and key staff (Part VII, Section A).
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
Recognizes academic excellence and engages scholars in community service.
Questions for Phi Kappa Phi Foundation
Your first name shows with your question. Phi Kappa Phi Foundation answers here, for everyone.
Fifty-five fellowships in support of first-year graduate or professional studies were awarded. Each fellowship recipient received a $35 one year membership in phi kappa phi.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7044263) · Dispute this lineThe love of learning awards help fund post-baccalaureate studies AND/OR career development for active phi kappa phi members to include (but not limited to): graduate or professional studies, doctoral dissertations, continuing education, career development, and similar projects. One hundred ninety-nine awards of $500 each were granted.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7044263) · Dispute this lineDissertation fellowships are awarded annually to members who are doctoral candidates.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7044263) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|
| End of yearLn 1g | $35.1M | $34.4M | $32.6M | $30.3M |
| AddedLn 1b | $451K | $857K | $1.2M | $817K |
| SpentLn 1d–1f | $1.4M | $1.3M | $1.1M | $1.1M |
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $20K | $0 |
| InvestmentsLn 11–13 | $34.9M | $0 |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $34.9M | $0 |
| LiabilitiesLn 26 | $161K | $0 |
| Net assetsLn 32 | $34.7M | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $811K | $811K | ||
| Other salaries and wagesLn 7 | $113K | $31K | $66K | $16K |
| Pension plan contributionsLn 8 | $14K | $3K | $9K | $1K |
| Other employee benefitsLn 9 | $13K | $3K | $8K | $1K |
| Payroll taxesLn 10 | $8K | $2K | $5K | $825 |
| Management feesLn 11a | $3K | $3K | ||
| Legal feesLn 11b | $46K | $46K | ||
| Accounting feesLn 11c | $7K | $7K | ||
| Investment management feesLn 11f | $18K | $18K | ||
| Other fees for servicesLn 11g | $2K | $2K | ||
| Advertising and promotionLn 12 | $6K | $6K | ||
| Office expensesLn 13 | $30K | $3K | $27K | |
| Information technologyLn 14 | $3K | $3K | ||
| OccupancyLn 16 | $187 | $187 | ||
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $228 | $228 | ||
| Total functional expensesLn 25 | $1.1M | $857K | $177K | $47K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2021 Latest ViewingFiled with the IRS May 11, 2021 | $11.4M | $1.1M | $10.3M | $0 | 990 PDF |
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $11,353,832 revenue, 12 lines filed
Part VI · Governance 5 of 7 board members independent, no flags
Part VIII · Statement of revenue $11,353,832 across 5 lines filed
Part IX · Statement of functional expenses $1,079,947 across 16 lines filed
Part X · Balance sheet $0 assets, 23 lines filed
Part XI · Reconciliation of net assets $0 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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