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Phi Kappa Tau Fraternity Beta Chptr FY2021 filing

Not tax-deductible

Gahanna, OH501(c)(7)EIN 31-4279760

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Fraternal organization

Mission: Form 990 Part I, line 1

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FY2021 · 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
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
2 of 5
filings with a surplus
Average deficit $3K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$489K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$181K
Spent
$154K
To programs
0%
Net assets
$617K
By yearFY2021–FY2025
Revenue
$181K
FY2021
Revenue by fiscal year
FY2021$181K
FY2022$138K
FY2023$84K
FY2024$121K
FY2025$149K
Expenses
$154K
FY2021
Expenses by fiscal year
FY2021$154K
FY2022$146K
FY2023$133K
FY2024$121K
FY2025$132K
Net assets
$617K
FY2021
Net assets by fiscal year
FY2021$617K
FY2022$609K
FY2023$561K
FY2024$560K
FY2025$578K

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
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

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Chris Pettit
Treasurer
$0Pt VII · Sec A
See Phi Kappa Tau Fraternity Beta Chptr 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

Phi Kappa Tau Fraternity Beta Chptr is a member-serving organization based in Gahanna, OH.

Provided by the organization

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

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1 program service, described in the organization's own filed words · FY2020.
01

Support fraternal organization

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$181K
Ln 12
Fees for servicesLn 2g$149K
Gifts and grantsLn 1h$32K
Money outPt IX
$154K
Ln 25
Owns and owesPt X
$617K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$1.1M
LiabilitiesLn 26$489K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Fees for servicesLn 2g$149K
Total revenueLn 12$181K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$1.1M
LiabilitiesLn 26$489K
Net assetsLn 32$617K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$145K$82K
Land, buildings, equipmentLn 10c$1.1M$1.0M
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$607K$489K
Net assetsLn 32$590K$617K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K
Office expensesLn 13$58
OccupancyLn 16$39K
InterestLn 20$31K
Payments to affiliatesLn 21$29K
Depreciation, depletion and amortizationLn 22$28K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$15K
All other expensesLn 24e$600
Total functional expensesLn 25$154K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $149K$132K$17K$578K 990 PDF
FY2024 $121K$121K−$96$560K 990 PDF
FY2023 $84K$133K−$49K$561K 990 PDF
FY2022 $138K$146K−$8K$609K 990 PDF
FY2021 Viewing $181K$154K$26K$617K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $180,529 across 4 lines filed
VIII-1f All other contributions, gifts and grants$31,807
VIII-1h Total contributions, gifts and grants$31,807
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $148,722$148,722
VIII-12 Total revenueRelated to mission $148,722$180,529
Part IX · Statement of functional expenses $154,124 across 9 lines filed
IX-11b Legal fees$1,706
IX-13 Office expenses$58
IX-16 Occupancy$38,887
IX-20 Interest$31,056
IX-21 Payments to affiliates$29,475
IX-22 Depreciation, depletion and amortization$28,416
IX-23 Insurance$8,723
IX-24 Other expenses (24a–d)$15,203
IX-24e All other expenses$600
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$154,124
Part X · Balance sheet $1,106,045 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $144,937$81,679
X-10c Land, buildings and equipment, netStart of year $1,052,071$1,024,366
X-16 Total assetsStart of year $1,197,008$1,106,045
X-26 Total liabilitiesStart of year $607,215$489,136
X-27 Net assets without donor restrictionsStart of year $589,793$616,909
X-32 Total net assets or fund balancesStart of year $589,793$616,909
X-33 Total liabilities and net assetsStart of year $1,197,008$1,106,045
Part XI · Reconciliation of net assets $616,909 net assets at year end
XI-1 Total revenue$180,529
XI-2 Total expenses$154,124
XI-3 Revenue less expenses$26,405
XI-4 Net assets at start of year$589,793
XI-9 Other changes in net assets$711
XI-10 Net assets at end of year$616,909

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

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