Phi Kappa Tau Fraternity FY2022 filing

Not tax-deductible

Oxford, OH501(c)(7)Since 1906EIN 31-0406478

The mission of phi kappa tau is to champion a lifelong commitment to brotherhood, learning, ethical leadership and exemplary character.

$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 5
filings with a surplus
Average deficit $6K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$63K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+30% vs prior year
Spent
$1.9M
Net assets
$3.0M
By yearFY2020–FY2024
Revenue
$1.9M
FY2022▲ +30%
Revenue by fiscal year
FY2020$2.4M
FY2021$1.4M
FY2022$1.9M
FY2023$1.9M
FY2024$3.1M
FY2024$3.0M
Expenses
$1.9M
FY2022▲ +44%
Expenses by fiscal year
FY2020$2.3M
FY2021$1.3M
FY2022$1.9M
FY2023$2.1M
FY2024$3.1M
FY2024$3.0M
Net assets
$3.0M
FY2022▼ -5%
Net assets by fiscal year
FY2020$3.0M
FY2021$3.2M
FY2022$3.0M
FY2023$2.9M
FY2024$2.9M
FY2024$2.6M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. 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 · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$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 Council
$0Pt VII · Sec A
National Councilor
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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.

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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 15aYes

Programs and updates

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

Provided by the organization

This section is blank until Phi Kappa Tau Fraternity claims this page.

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3 program services, described in the organization's own filed words · FY2021.
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.

Pt IX · col B
02

Bmc Program

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

Pt IX · col B
03

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

Pt IX · col B

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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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$24K
Money outPt IX
$1.9M
Ln 25
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$430K
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$24K
Gains on assetsLn 7$5K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
SavingsLn 2$430K
Cash and savings togetherLn 1–2$430K
InvestmentsLn 11–13$185K
Land, buildings, equipmentLn 10c$114K
Other assetsLn 15$3.3M
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.3M
Net assetsLn 32$3.0M
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 FY22End FY22
Cash and savingsLn 1–2$576K$430K
InvestmentsLn 11–13$231K$185K
Land, buildings, equipmentLn 10c$115K$114K
Total assetsLn 16$4.3M$4.3M
LiabilitiesLn 26$1.2M$1.3M
Net assetsLn 32$3.2M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$68K
Other salaries and wagesLn 7$352K
Pension plan contributionsLn 8$5K
Other employee benefitsLn 9$26K
Payroll taxesLn 10$39K
Legal feesLn 11b$53K
Accounting feesLn 11c$34K
Investment management feesLn 11f$1K
Other fees for servicesLn 11g$113K
Office expensesLn 13$5K
Information technologyLn 14$88K
OccupancyLn 16$26K
TravelLn 17$164K
InterestLn 20$18K
Depreciation, depletion and amortizationLn 22$8K
InsuranceLn 23$564K
Other expenses (24a–d)Ln 24$242K
All other expensesLn 24e$128K
Total functional expensesLn 25$1.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.1M$3.1M$38K$2.9M 990 PDF
FY2023 $1.9M$2.1M−$159K$2.9M 990 PDF
FY2022 Viewing $1.9M$1.9M−$72K$3.0M 990 PDF
FY2021 $1.4M$1.3M$89K$3.2M 990 PDF
FY2020 $2.4M$2.3M$73K$3.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,862,133 across 4 lines filed
Lines not itemized here account for $13,455 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,824,550$1,824,550
VIII-3 Investment incomeUnrelated business $19,057$19,057
VIII-7 Net gain or loss on sales of assetsUnrelated business $5,071$5,071
VIII-12 Total revenueRelated to mission $1,838,005 · Unrelated business $24,128 · Excluded from tax $0$1,862,133
Part IX · Statement of functional expenses $1,933,689 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$68,436
IX-7 Other salaries and wages$351,684
IX-8 Pension plan contributions$4,676
IX-9 Other employee benefits$25,900
IX-10 Payroll taxes$39,326
IX-11b Legal fees$53,353
IX-11c Accounting fees$34,162
IX-11f Investment management fees$1,177
IX-11g Other fees for services$112,627
IX-13 Office expenses$4,620
IX-14 Information technology$88,078
IX-16 Occupancy$25,699
IX-17 Travel$164,325
IX-20 Interest$17,753
IX-22 Depreciation, depletion and amortization$7,550
IX-23 Insurance$563,978
IX-24 Other expenses (24a–d)$242,243
IX-24e All other expenses$128,102
IX-25 Total functional expenses$1,933,689
Part X · Balance sheet $4,347,554 assets, 15 lines filed
Asset lines not itemized here account for $195,550; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $576,039$429,711
X-4 Accounts receivableStart of year $144,086$78,107
X-9 Prepaid expenses and deferred chargesStart of year $152,290$54,883
X-10c Land, buildings and equipment, netStart of year $114,784$114,195
X-11 Publicly traded securitiesStart of year $230,848$185,324
X-15 Other assetsStart of year $2,925,040$3,289,784
X-16 Total assetsStart of year $4,344,718$4,347,554
X-17 Accounts payable and accrued expensesStart of year $76,506$207,264
X-19 Deferred revenueStart of year $201,050$221,150
X-25 Other liabilitiesStart of year $60,550$68,316
X-26 Total liabilitiesStart of year $1,175,791$1,329,333
X-27 Net assets without donor restrictionsStart of year $3,133,927$3,018,221
X-28 Net assets with donor restrictionsStart of year $35,000$0
X-32 Total net assets or fund balancesStart of year $3,168,927$3,018,221
X-33 Total liabilities and net assetsStart of year $4,344,718$4,347,554
Part XI · Reconciliation of net assets $3,018,221 net assets at year end
XI-1 Total revenue$1,862,133
XI-2 Total expenses$1,933,689
XI-3 Revenue less expenses−$71,556
XI-4 Net assets at start of year$3,168,927
XI-5 Net unrealized gains (losses) on investments−$50,092
XI-8 Prior period adjustments−$29,058
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,018,221

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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