Phi Kappa Tau Foundation FY2021 filing

Tax-deductible

Oxford, OH501(c)(3)Since 1945EIN 31-6024975

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To support the educational undertaking of the Phi Kappa Tau fraternity and its chapters.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$42K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
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
5 of 5
filings with a surplus
Average surplus $1.2M a year · 46% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$42K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $259K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$784K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
+37% vs prior year
Spent
$1.1M
To programs
62%
Net assets
$16.4M
By yearFY2020–FY2024
Revenue
$3.6M
FY2021▲ +37%
Revenue by fiscal year
FY2020$2.6M
FY2021$3.6M
FY2022$1.9M
FY2023$2.8M
FY2024$1.7M
FY2024$2.6M
Expenses
$1.1M
FY2021▼ -41%
Expenses by fiscal year
FY2020$1.8M
FY2021$1.1M
FY2022$675K
FY2023$1.8M
FY2024$1.6M
FY2024$1.5M
Net assets
$16.4M
FY2021▲ +18%
Net assets by fiscal year
FY2020$13.8M
FY2021$16.4M
FY2022$15.2M
FY2023$16.1M
FY2024$17.3M
FY2024$18.9M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1950.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $675K Management & general 22% · $235K Fundraising 16% · $172K

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

14 people listed on the 990; $42K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chief Executive
$42,000Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
K Craig Rogers$173,118$99,660$18,333———
Travis Robinson——$101,273———
W Timothy Hudson——$19,250$42,000$42,000$42,000

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 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 15aYes

Programs and updates

Supports the educational endeavors of the Phi Kappa Tau Fraternity and its chapters.

Provided by the organization

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3 programs · $675K · in their own filed words · FY2020
01

Fraternity Educational Support

Provides support for various educational programs of the fraternity.

$563Kprogram expense
02

Grants to camps serving children with cancer and other life-threatening illnesses including travel reimbursement of members who volunteer at one of the camps.

$73Kprogram expense
03

Scholarships

Provides funds for scholarships and financial assistance to phi kappa tau undergraduates and alumni.

$38Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$259K
Grants paid · 33 grants · $3.1M · 2019–2024
Phi Kappa Tau FraternityOH · FY2024$250,000
Phi Kappa Tau FraternityNE · FY2024$50,000
Unitemized GrantFY2024$36,052
Pkt Chapter House Assoc of Miami UnivFY2024$22,500
Phi Delta Sigma INCNY · FY2024$20,667
Phi Kappa Tau FraternityOH · FY2023$355,647
Unitemized GrantFY2023$41,538
Pkt Chapter House Assoc of Miami UnivFY2023$28,000
Phi Kappa Tau FraternityOK · FY2023$23,119
Phi Kappa Tau Fraternity - Affiliated Chapter'sFY2022$213,352
Phi Kappa Tau Fraternity - Affiliated Chapter'sFY2022$213,352
Unitemized GrantFY2022$35,890
See all 33 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Investment incomeLn 3$3.1M
Gifts and grantsLn 1h$514K
Other incomeLn 4–11$4K
Money outPt IX
$1.1M
Ln 25
Programscol B$675K
Managementcol C$235K
Fundraisingcol D$172K
Owns and owesPt X
$16.4M
net assets · Ln 32
Cash and savingsLn 1–2$753K
Total assetsLn 16$17.2M
LiabilitiesLn 26$784K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$514K
Investment incomeLn 3$3.1M
Other incomeLn 4–11$4K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
SavingsLn 2$753K
Cash and savings togetherLn 1–2$753K
InvestmentsLn 11–13$8.9M
Land, buildings, equipmentLn 10c$680K
Other assetsLn 15$6.0M
Total assetsLn 16$17.2M
LiabilitiesLn 26$784K
Net assetsLn 32$16.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 621
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$702K$753K
InvestmentsLn 11–13$7.2M$8.9M
Land, buildings, equipmentLn 10c$749K$680K
Total assetsLn 16$14.5M$17.2M
LiabilitiesLn 26$693K$784K
Net assetsLn 32$13.8M$16.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$556K$556K
Grants to domestic individualsLn 2$38K$38K
Pay of current officers, directors and key staffLn 5$42K$10K$15K$17K
Other salaries and wagesLn 7$133K$32K$48K$54K
Pension plan contributionsLn 8$6K$1K$2K$2K
Other employee benefitsLn 9$16K$4K$6K$6K
Payroll taxesLn 10$14K$3K$5K$6K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$30K$30K
Professional fundraising feesLn 11e$25K$25K
Other fees for servicesLn 11g$10K$10K
Information technologyLn 14$18K$12K$5K
OccupancyLn 16$26K$6K$9K$11K
Conferences, conventions and meetingsLn 19$309$309
Depreciation, depletion and amortizationLn 22$69K$69K
InsuranceLn 23$11K$631$3K$7K
Other expenses (24a–d)Ln 24$75K$13K$32K$30K
All other expensesLn 24e$11K$817$1K$9K
Total functional expensesLn 25$1.1M$675K$235K$172K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.7M$1.6M$178K$17.3M 990 PDF
FY2023 $2.8M$1.8M$1.1M$16.1M 990 PDF
FY2022 $1.9M$675K$1.2M$15.2M 990 PDF
FY2021 Viewing $3.6M$1.1M$2.5M$16.4M 990 PDF
FY2020 $2.6M$1.8M$806K$13.8M 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 (5 parts)
Part I · Summary $3,611,690 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,700,538$513,726
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $911,444$3,094,364
I-11 Other revenuePrior year $17,202$3,600
I-12 Total revenuePrior year $2,629,184$3,611,690
I-13 Grants and similar amounts paidPrior year $1,262,470$594,313
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $238,136$211,089
I-16a Professional fundraising feesPrior year $14,306$25,165
I-17 Other expensesPrior year $308,631$251,655
I-18 Total expensesPrior year $1,823,543$1,082,222
I-19 Revenue less expensesPrior year $805,641$2,529,468
Part VIII · Statement of revenue $3,611,690 across 5 lines filed
VIII-1f All other contributions, gifts and grants$513,726
VIII-1h Total contributions, gifts and grants$513,726
VIII-3 Investment incomeUnrelated business $3,094,364$3,094,364
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,600$3,600
VIII-12 Total revenueRelated to mission $3,600 · Unrelated business $3,094,364 · Excluded from tax $0$3,611,690
Part IX · Statement of functional expenses $1,082,222 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $556,063$556,063
IX-2 Grants to domestic individualsPrograms $38,250$38,250
IX-5 Pay of current officers, directors and key staffPrograms $9,962 · Management $14,981 · Fundraising $17,056$41,999
IX-7 Other salaries and wagesPrograms $31,611 · Management $47,537 · Fundraising $54,120$133,268
IX-8 Pension plan contributionsPrograms $1,378 · Management $2,072 · Fundraising $2,360$5,810
IX-9 Other employee benefitsPrograms $3,766 · Management $5,662 · Fundraising $6,447$15,875
IX-10 Payroll taxesPrograms $3,354 · Management $5,042 · Fundraising $5,741$14,137
IX-11b Legal feesManagement $1,750$1,750
IX-11c Accounting feesManagement $30,039$30,039
IX-11e Professional fundraising feesFundraising $25,165$25,165
IX-11g Other fees for servicesPrograms $10,178$10,178
IX-14 Information technologyManagement $12,466 · Fundraising $5,424$17,890
IX-16 OccupancyPrograms $6,206 · Management $9,332 · Fundraising $10,625$26,163
IX-19 Conferences, conventions and meetingsManagement $309$309
IX-22 Depreciation, depletion and amortizationManagement $68,745$68,745
IX-23 InsurancePrograms $631 · Management $3,453 · Fundraising $6,872$10,956
IX-24 Other expenses (24a–d)Programs $12,828 · Management $31,973 · Fundraising $30,064$74,865
IX-24e All other expensesPrograms $817 · Management $1,389 · Fundraising $8,554$10,760
IX-25 Total functional expensesPrograms $675,044 · Management $234,750 · Fundraising $172,428$1,082,222
Part X · Balance sheet $17,161,276 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $701,665$752,801
X-3 Pledges and grants receivableStart of year $1,010,703$768,146
X-9 Prepaid expenses and deferred chargesStart of year $6,177$10,485
X-10c Land, buildings and equipment, netStart of year $748,949$680,205
X-11 Publicly traded securitiesStart of year $7,230,135$8,927,734
X-15 Other assetsStart of year $4,843,107$6,021,905
X-16 Total assetsStart of year $14,540,736$17,161,276
X-17 Accounts payable and accrued expensesStart of year $25,250$44,302
X-25 Other liabilitiesStart of year $600,000$646,438
X-26 Total liabilitiesStart of year $693,257$784,329
X-27 Net assets without donor restrictionsStart of year $4,542,510$5,185,389
X-28 Net assets with donor restrictionsStart of year $9,304,969$11,191,558
X-32 Total net assets or fund balancesStart of year $13,847,479$16,376,947
X-33 Total liabilities and net assetsStart of year $14,540,736$17,161,276
Part XI · Reconciliation of net assets $16,376,947 net assets at year end
XI-1 Total revenue$3,611,690
XI-2 Total expenses$1,082,222
XI-3 Revenue less expenses$2,529,468
XI-4 Net assets at start of year$13,847,479
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,376,947

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

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