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Phi Kappa Theta National Foundation

Tax-deductible

Tuscaloosa, AL501(c)(3)Since 1954Education EIN 23-7209653Revenue $242K in FY2025

On file with the IRSphikapfoundaton.orgPo Box 1880, 35403-1880 · Tuscaloosa, ALTax-exempt since May 1991Publicly supported charity — 170(b)(1)(A)(vi)

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The Phi Kappa Theta National Foundation raises and stewards financial resources to support the academic and educational development of the brothers, chapters, and colonies of Phi Kappa Theta fraternity.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $46K a year · 16% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Plus $1.8M in investments, Pt X · Ln 11–13
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$242K
-19% vs prior year
Spent
$176K
To programs
99%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$242K
FY2025▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$335K
FY2021$279K
FY2022$280K
FY2023$262K
FY2024$297K
FY2025$242K
Expenses
$176K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$263K
FY2021$221K
FY2022$310K
FY2023$260K
FY2024$191K
FY2025$176K
Net assets
$2.3M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$1.7M
FY2023$1.9M
FY2024$2.0M
FY2025$2.3M

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1991.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $175K Fundraising 1% · $941

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

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Cody Barbo
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ed Fulford
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Phi Kappa Theta National Foundation 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

Funds academic and educational development for fraternity members and chapters.

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Provided by the organization

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2 programs · $175K · in their own filed words · FY2025
01

The foundation awarded grants and scholarships to support the educational and leadership development of phi kappa theta undergraduate members and chapters. Grants were provided to qualifying organizations and educational institutions in furtherance of the foundation's charitable mission.

$162Kprogram expense
02

The foundation supported educational initiatives and leadership development programs that further the academic and educational objectives of phi kappa theta.

$14Kprogram 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 · FY2024
Community Foundation of AcadianaFY2024$50K
Total grants receivedfrom 1 funder$50K
Grants paid · 15 grants · $700K · 2020–2025
Individual RecipientFY2025$148,210
Phi Kappa Theta FraternityFY2024$105,066
Phi Kappa Theta FraternityIA · FY2024$47,525
Alamo Alumni AssocTX · FY2024$5,200
Phi Kappa Theta FraternityFY2023$69,944
University of Texas Rio Grande ValleyFY2023$11,000
Phi Kappa Theta Fraternity INCIN · FY2022$42,026
Phi Kappa Theta Iowa Xi Building CoIA · FY2022$31,145
Iota of Phi Kappa Alumni AssnKS · FY2022$22,650
Phi Kappa Theta Fraternity - Ma LambdaFY2022$6,731
University of Texas Rio Grande ValleyFY2022$5,000
Phi Kappa Theta Fraternity INCIN · FY2021$66,757
University of Texas - Rio Grande ValleyFY2021$5,000
Phi Kappa Theta Fraternity INCIN · FY2020$114,190
Phi Kappa Theta Iowa Xi Building CoIA · FY2020$19,234

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$242K
Ln 12
Gifts and grantsLn 1h$141K
Investment incomeLn 3$82K
Other incomeLn 4–11$18K
Money outPt IX
$176K
Ln 25
Programscol B$175K
Fundraisingcol D$941
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$141K
Investment incomeLn 3$82K
Other incomeLn 4–11$18K
Gains on assetsLn 7$38K
Total revenueLn 12$242K
Assets in detailPt X, end of year
CashLn 1$96K
SavingsLn 2$498
Cash and savings togetherLn 1–2$96K
InvestmentsLn 11–13$1.8M
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$103K$96K
InvestmentsLn 11–13$1.6M$1.8M
Total assetsLn 16$2.0M$2.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.0M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$162K$162K
Professional fundraising feesLn 11e$941$941
Office expensesLn 13$2K$2K
Information technologyLn 14$11K$11K
InsuranceLn 23$701$701
Total functional expensesLn 25$176K$175K$0$941

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $242K$176K$65K$2.3M 990 PDF
FY2024 $297K$191K$107K$2.0M 990 PDF
FY2023 $262K$260K$2K$1.9M 990 PDF
FY2022 $280K$310K−$29K$1.7M 990 PDF
FY2021 $279K$221K$58K$2.1M 990 PDF
FY2020 $335K$263K$72K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $241,563 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $195,811$141,402
I-9 Program service revenue$0
I-10 Investment incomePrior year $101,518$82,281
I-11 Other revenue$17,880
I-12 Total revenuePrior year $297,329$241,563
I-13 Grants and similar amounts paidPrior year $162,446$161,765
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $6,250$941
I-17 Other expensesPrior year $21,958$13,703
I-18 Total expensesPrior year $190,654$176,409
I-19 Revenue less expensesPrior year $106,675$65,154
Part VI · Governance 25 of 25 board members independent, 3 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $241,563 across 6 lines filed
VIII-1f All other contributions, gifts and grants$141,402
VIII-1h Total contributions, gifts and grants$141,402
VIII-3 Investment incomeRelated to mission $44,076$44,076
VIII-7 Net gain or loss on sales of assetsRelated to mission $38,205$38,205
VIII-8 Net income from fundraising events$17,880
VIII-12 Total revenueRelated to mission $82,281$241,563
Part IX · Statement of functional expenses $176,409 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $161,765$161,765
IX-11e Professional fundraising feesFundraising $941$941
IX-13 Office expensesPrograms $1,504$1,504
IX-14 Information technologyPrograms $11,498$11,498
IX-23 InsurancePrograms $701$701
IX-25 Total functional expensesPrograms $175,468 · Management $0 · Fundraising $941$176,409
Part X · Balance sheet $2,299,800 assets, 9 lines filed
Asset lines not itemized here account for $369,122; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $102,881$95,755
X-2 Savings and temporary cash investments$498
X-11 Publicly traded securitiesStart of year $1,604,347$1,834,425
X-16 Total assetsStart of year $2,036,350$2,299,800
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $204,319$167,317
X-28 Net assets with donor restrictionsStart of year $1,832,031$2,132,483
X-32 Total net assets or fund balancesStart of year $2,036,350$2,299,800
X-33 Total liabilities and net assetsStart of year $2,036,350$2,299,800
Part XI · Reconciliation of net assets $2,299,800 net assets at year end
XI-1 Total revenue$241,563
XI-2 Total expenses$176,409
XI-3 Revenue less expenses$65,154
XI-4 Net assets at start of year$2,036,350
XI-5 Net unrealized gains (losses) on investments$197,818
XI-8 Prior period adjustments$478
XI-10 Net assets at end of year$2,299,800

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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