Phi Kappa Tau Fraternity FY2021 filing

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The mission of Phi Kappa Tau is to champion a lifelong commitment to brotherhood, learning, ethical leadership and exemplary character.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-0406478) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $3K a year · 0.1% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$63K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
5.2 mo
of spending, in cash
5.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
27% of total assets
Liabilities are 27% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.4M
-41% vs prior year
Spent
$1.3M
Net assets
$3.2M
By yearFY2020–FY2025
Revenue
$1.4M
FY2021▼ -41%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$1.4M
FY2022$1.9M
FY2023$1.9M
FY2024$3.1M
FY2025$3.0M
Expenses
$1.3M
FY2021▼ -43%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$1.3M
FY2022$1.9M
FY2023$2.1M
FY2024$3.1M
FY2025$3.0M
Net assets
$3.2M
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.2M
FY2022$3.0M
FY2023$2.9M
FY2024$2.9M
FY2025$2.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1941.

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

Who runs it and what they're paid

11 people listed on the 990; $63K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$63,000Pt VII · Sec A
National VP
$0Pt VII · Sec A
National Councilor
$0Pt VII · Sec A
National Councilor
$0Pt VII · Sec A
National Councilor
$0Pt VII · Sec A
National President
$0Pt VII · Sec A
National Councilor
$0Pt VII · Sec A
National Councilor
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Matt Arnold$163,902$111,621————
W Timothy Hudson———$63,000$63,000$105,000
Matthew Arnold——$35,521———

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 Tau Fraternity 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 15aYes

Programs and updates

Fosters lifelong brotherhood, learning, ethical leadership, and character development.

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3 programs · in their own filed words · FY2020
01

Chapter Development

Organizational and educational support provided to chapter officers and advisors in order to foster a culture of service and values-based action and decision-making.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-0406478) · Dispute this line
Pt IX · Ln 25 · col B
02

Bmc Program

Weekend seminar that provides brotherhood building, character development, values-based action, vision and priority setting assistance.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-0406478) · Dispute this line
Pt IX · Ln 25 · col B
03

Provide programming, education, and support for members to enhance their intellectual, character and leadership skills.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-0406478) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$250K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$35K
Investment incomeLn 3$10K
Money outPt IX
$1.3M
Ln 25
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$576K
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$10K
Other incomeLn 4–11$2K
Gains on assetsLn 7$2K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
SavingsLn 2$576K
Cash and savings togetherLn 1–2$576K
Accounts receivableLn 4$144K
Notes and loans receivableLn 7$202K
Prepaid expenses and deferred chargesLn 9$152K
Land, buildings, equipmentLn 10c$115K
InvestmentsLn 11–13$231K
Other assetsLn 15$2.9M
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.2M
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 524
VolunteersI 6600
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$208K$576K
InvestmentsLn 11–13$196K$231K
Land, buildings, equipmentLn 10c$122K$115K
Total assetsLn 16$4.1M$4.3M
LiabilitiesLn 26$1.1M$1.2M
Net assetsLn 32$3.0M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$63K
Other salaries and wagesLn 7$258K
Pension plan contributionsLn 8$10K
Other employee benefitsLn 9$52K
Payroll taxesLn 10$27K
Legal feesLn 11b$7K
Accounting feesLn 11c$33K
Investment management feesLn 11f$1K
Other fees for servicesLn 11g$65K
Office expensesLn 13$9K
Information technologyLn 14$83K
OccupancyLn 16$18K
TravelLn 17$2K
Conferences, conventions and meetingsLn 19$17K
InterestLn 20$11K
Depreciation, depletion and amortizationLn 22$8K
InsuranceLn 23$563K
Other expenses (24a–d)Ln 24$92K
All other expensesLn 24e$20K
Total functional expensesLn 25$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $3.0M$3.0M$49K$2.6M 990 PDF
FY2024Filed with the IRS May 14, 2025 $3.1M$3.1M$38K$2.9M 990 PDF
FY2023Filed with the IRS May 15, 2024 $1.9M$2.1M−$159K$2.9M 990 PDF
FY2022Filed with the IRS May 15, 2023 $1.9M$1.9M−$72K$3.0M 990 PDF
FY2021 ViewingFiled with the IRS May 14, 2022 $1.4M$1.3M$89K$3.2M 990 PDF
FY2020Filed with the IRS May 15, 2021 $2.4M$2.3M$73K$3.0M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $1,428,402 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$35,000
I-9 Program service revenuePrior year $2,406,037$1,381,680
I-10 Investment incomePrior year $12,760$11,722
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,418,797$1,428,402
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 $715,231$409,832
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,630,105$929,774
I-18 Total expensesPrior year $2,345,336$1,339,606
I-19 Revenue less expensesPrior year $73,461$88,796
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $1,428,402 across 6 lines filed
Lines not itemized here account for $7,569 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$35,000
VIII-1h Total contributions, gifts and grants$35,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,374,111$1,374,111
VIII-3 Investment incomeUnrelated business $10,004$10,004
VIII-7 Net gain or loss on sales of assetsUnrelated business $1,718$1,718
VIII-12 Total revenueRelated to mission $1,381,680 · Unrelated business $11,722 · Excluded from tax $0$1,428,402
Part IX · Statement of functional expenses $1,339,606 across 19 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$63,000
IX-7 Other salaries and wages$257,947
IX-8 Pension plan contributions$10,269
IX-9 Other employee benefits$51,656
IX-10 Payroll taxes$26,960
IX-11b Legal fees$7,200
IX-11c Accounting fees$33,079
IX-11f Investment management fees$1,127
IX-11g Other fees for services$65,431
IX-13 Office expenses$9,211
IX-14 Information technology$82,595
IX-16 Occupancy$18,340
IX-17 Travel$1,636
IX-19 Conferences, conventions and meetings$17,075
IX-20 Interest$11,173
IX-22 Depreciation, depletion and amortization$7,571
IX-23 Insurance$563,261
IX-24 Other expenses (24a–d)$92,013
IX-24e All other expenses$20,062
IX-25 Total functional expenses$1,339,606
Part X · Balance sheet $4,344,718 assets, 18 lines filed
X-2 Savings and temporary cash investmentsStart of year $208,224$576,039
X-4 Accounts receivableStart of year $135,558$144,086
X-7 Notes and loans receivableStart of year $91,827$201,631
X-9 Prepaid expenses and deferred chargesStart of year $194,767$152,290
X-10c Land, buildings and equipment, netStart of year $122,355$114,784
X-11 Publicly traded securitiesStart of year $196,396$230,848
X-15 Other assetsStart of year $3,187,680$2,925,040
X-16 Total assetsStart of year $4,136,807$4,344,718
X-17 Accounts payable and accrued expensesStart of year $44,581$76,506
X-19 Deferred revenueStart of year $204,074$201,050
X-21 Escrow or custodial accountsStart of year $603,651$513,477
X-23 Secured mortgages and notes payableStart of year $192,016$324,208
X-25 Other liabilitiesStart of year $45,856$60,550
X-26 Total liabilitiesStart of year $1,090,178$1,175,791
X-27 Net assets without donor restrictionsStart of year $3,046,629$3,133,927
X-28 Net assets with donor restrictions$35,000
X-32 Total net assets or fund balancesStart of year $3,046,629$3,168,927
X-33 Total liabilities and net assetsStart of year $4,136,807$4,344,718
Part XI · Reconciliation of net assets $3,168,927 net assets at year end
XI-1 Total revenue$1,428,402
XI-2 Total expenses$1,339,606
XI-3 Revenue less expenses$88,796
XI-4 Net assets at start of year$3,046,629
XI-5 Net unrealized gains (losses) on investments$33,502
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,168,927

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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