Phi Kappa Tau Foundation FY2022 filing

Tax-deductible

Oxford, OH501(c)(3)Since 1945EIN 31-6024975Revenue $1.9M in FY2022

On file with the IRSphikappatau.org5221 Morning Sun Rd, 45056-8928 · Oxford, OHTax-exempt since Jan 1950Publicly supported charity — 170(b)(1)(A)(vi)

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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.
44¢ 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

FY2022 · 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
6 of 6
filings with a surplus
Average surplus $1.2M a year · 45% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
44%
of spending
Concern: 44% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$42K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
21 mo
of spending, in cash
Looks good: 20.9 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
$777K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 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
-47% vs prior year
Spent
$675K
To programs
44%
Net assets
$15.2M
By yearFY2020–FY2025
Revenue
$1.9M
FY2022▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$3.6M
FY2022$1.9M
FY2023$2.8M
FY2024$1.7M
FY2025$2.6M
Expenses
$675K
FY2022▼ -38%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$1.1M
FY2022$675K
FY2023$1.8M
FY2024$1.6M
FY2025$1.5M
Net assets
$15.2M
FY2022▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.8M
FY2021$16.4M
FY2022$15.2M
FY2023$16.1M
FY2024$17.3M
FY2025$18.9M

From the FY2022 Form 990 (year ending June 2022) · 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: FY2025. IRS ruling in Jan 1950.

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

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $295K Management & general 41% · $278K Fundraising 15% · $102K

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

21 people listed on the 990; $42K 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
Chief Executive
$42,000Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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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.

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Provided by the organization

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3 programs · $229K · in their own filed words · FY2021
01

Fraternity Educational Support

Provides support for various educational programs of the fraternity.

$160Kprogram expense
02

Scholarships

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

$43Kprogram expense
03

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

$26Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$795K
Other incomeLn 4–11$6K
Money outPt IX
$675K
Ln 25
Programscol B$295K
Managementcol C$278K
Fundraisingcol D$102K
Owns and owesPt X
$15.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$16.0M
LiabilitiesLn 26$777K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$795K
Other incomeLn 4–11$6K
Gains on assetsLn 7$359K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$8.5M
Land, buildings, equipmentLn 10c$663K
Other assetsLn 15$4.8M
Total assetsLn 16$16.0M
LiabilitiesLn 26$777K
Net assetsLn 32$15.2M
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 FY22End FY22
Cash and savingsLn 1–2$753K$1.2M
InvestmentsLn 11–13$8.9M$8.5M
Land, buildings, equipmentLn 10c$680K$663K
Total assetsLn 16$17.2M$16.0M
LiabilitiesLn 26$784K$777K
Net assetsLn 32$16.4M$15.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$111K$111K
Grants to domestic individualsLn 2$40K$40K
Pay of current officers, directors and key staffLn 5$46K$10K$23K$12K
Other salaries and wagesLn 7$146K$32K$75K$40K
Pension plan contributionsLn 8$4K$893$2K$1K
Other employee benefitsLn 9$19K$4K$10K$5K
Payroll taxesLn 10$16K$3K$8K$4K
Legal feesLn 11b$831$831
Accounting feesLn 11c$34K$34K
Professional fundraising feesLn 11e$13K$13K
Investment management feesLn 11f$62K$62K
Other fees for servicesLn 11g$9K$9K−$335
Information technologyLn 14$24K$15K$9K
OccupancyLn 16$21K$5K$11K$6K
TravelLn 17$2K$158$1K$569
Conferences, conventions and meetingsLn 19$10K$450$10K
Depreciation, depletion and amortizationLn 22$45K$45K
InsuranceLn 23$8K$2K$6K
Other expenses (24a–d)Ln 24$63K$18K$37K$9K
All other expensesLn 24e$501$657$4K−$4K
Total functional expensesLn 25$675K$295K$278K$102K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.6M$1.5M$1.1M$18.9M 990 PDF
FY2024 $1.7M$1.6M$178K$17.3M 990 PDF
FY2023 $2.8M$1.8M$1.1M$16.1M 990 PDF
FY2022 Viewing $1.9M$675K$1.2M$15.2M 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $1,913,729 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $513,726$1,112,253
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,094,364$795,476
I-11 Other revenuePrior year $3,600$6,000
I-12 Total revenuePrior year $3,611,690$1,913,729
I-13 Grants and similar amounts paidPrior year $594,313$150,705
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $211,089$231,570
I-16a Professional fundraising feesPrior year $25,165$12,727
I-17 Other expensesPrior year $251,655$279,545
I-18 Total expensesPrior year $1,082,222$674,547
I-19 Revenue less expensesPrior year $2,529,468$1,239,182
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $1,913,729 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,112,253
VIII-1h Total contributions, gifts and grants$1,112,253
VIII-3 Investment incomeRelated to mission $436,096$436,096
VIII-7 Net gain or loss on sales of assetsRelated to mission $359,380$359,380
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,000$6,000
VIII-12 Total revenueRelated to mission $801,476 · Unrelated business $0 · Excluded from tax $0$1,913,729
Part IX · Statement of functional expenses $674,547 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $110,722$110,722
IX-2 Grants to domestic individualsPrograms $39,983$39,983
IX-5 Pay of current officers, directors and key staffPrograms $9,905 · Management $23,375 · Fundraising $12,346$45,626
IX-7 Other salaries and wagesPrograms $31,759 · Management $74,942 · Fundraising $39,586$146,287
IX-8 Pension plan contributionsPrograms $893 · Management $2,108 · Fundraising $1,113$4,114
IX-9 Other employee benefitsPrograms $4,230 · Management $9,981 · Fundraising $5,273$19,484
IX-10 Payroll taxesPrograms $3,486 · Management $8,228 · Fundraising $4,345$16,059
IX-11b Legal feesFundraising $831$831
IX-11c Accounting feesManagement $34,192$34,192
IX-11e Professional fundraising feesFundraising $12,727$12,727
IX-11f Investment management feesPrograms $61,724$61,724
IX-11g Other fees for servicesPrograms $8,840 · Fundraising −$335$8,505
IX-14 Information technologyManagement $15,124 · Fundraising $9,088$24,212
IX-16 OccupancyPrograms $4,537 · Management $10,707 · Fundraising $5,655$20,899
IX-17 TravelPrograms $158 · Management $1,325 · Fundraising $569$2,052
IX-19 Conferences, conventions and meetingsPrograms $450 · Management $9,522$9,972
IX-22 Depreciation, depletion and amortizationManagement $45,354$45,354
IX-23 InsuranceManagement $2,435 · Fundraising $5,875$8,310
IX-24 Other expenses (24a–d)Programs $17,589 · Management $36,648 · Fundraising $8,756$62,993
IX-24e All other expensesPrograms $657 · Management $3,607 · Fundraising −$3,763$501
IX-25 Total functional expensesPrograms $294,933 · Management $277,548 · Fundraising $102,066$674,547
Part X · Balance sheet $15,957,307 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $752,801$1,174,232
X-3 Pledges and grants receivableStart of year $768,146$822,233
X-9 Prepaid expenses and deferred chargesStart of year $10,485$15,345
X-10c Land, buildings and equipment, netStart of year $680,205$662,690
X-11 Publicly traded securitiesStart of year $8,927,734$8,462,124
X-15 Other assetsStart of year $6,021,905$4,820,683
X-16 Total assetsStart of year $17,161,276$15,957,307
X-17 Accounts payable and accrued expensesStart of year $44,302$68,313
X-25 Other liabilitiesStart of year $646,438$630,052
X-26 Total liabilitiesStart of year $784,329$776,907
X-27 Net assets without donor restrictionsStart of year $5,185,389$5,234,439
X-28 Net assets with donor restrictionsStart of year $11,191,558$9,945,961
X-32 Total net assets or fund balancesStart of year $16,376,947$15,180,400
X-33 Total liabilities and net assetsStart of year $17,161,276$15,957,307
Part XI · Reconciliation of net assets $15,180,400 net assets at year end
XI-1 Total revenue$1,913,729
XI-2 Total expenses$674,547
XI-3 Revenue less expenses$1,239,182
XI-4 Net assets at start of year$16,376,947
XI-5 Net unrealized gains (losses) on investments−$2,435,729
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,180,400

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

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