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Phi Kappa Psi Fraternity FY2021 filing

Not tax-deductible

Greencastle, IN501(c)(7)Mutual / membership EIN 35-0867477Revenue $196K in FY2021Latest return filed Oct 14, 2025

On file with the IRSGreencastle, INTax-exempt since Jan 1941

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Provide housing and meals for the Fraternity

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-0867477) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 6
filings with a surplus
Average surplus $25K a year · 4% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
5.6 mo
of spending, in cash
5.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$40K
33% of total assets
Liabilities are 33% of assets.
Pt X · Ln 26
Independent board members
0
of 5 voting members
None of 5 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$196K
-52% vs prior year
Spent
$162K
To programs
94%
Net assets
$82K
By yearFY2020–FY2025
Revenue
$196K
FY2021▼ -52%
Tap a bar for its year
Revenue by fiscal year
FY2020$410K
FY2021$196K
FY2022$556K
FY2023$689K
FY2024$676K
FY2025$880K
Expenses
$162K
FY2021▼ -65%
Tap a bar for its year
Expenses by fiscal year
FY2020$470K
FY2021$162K
FY2022$583K
FY2023$586K
FY2024$755K
FY2025$703K
Net assets
$82K
FY2021▲ +69%
Tap a bar for its year
Net assets by fiscal year
FY2020$49K
FY2021$82K
FY2022$55K
FY2023$158K
FY2024$79K
FY2025$256K

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

990 PDF Follow 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 Jan 1941.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $152K Management & general 6% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Matt Fox
Vice President
$0Pt VII · Sec A
Matt Bruhn
Treasurer
$0Pt VII · Sec A
Nick Dascoli
Secretary
$0Pt VII · Sec A
See Phi Kappa Psi 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 15aNo

Programs and updates

Offers housing and meals to fraternity members.

Questions for Phi Kappa Psi Fraternity

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1 program · $152K · in their own filed words · FY2020
01

Organization provides for meals and housing on depauw campus for students during the year.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-0867477) · Dispute this line
$152Kprogram expense

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 · FY2023
Wabash CollegeFY2023$18K
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$196K
Ln 12
Fees for servicesLn 2g$196K
Money outPt IX
$162K
Ln 25
Programscol B$152K
Managementcol C$10K
Owns and owesPt X
$82K
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$123K
LiabilitiesLn 26$40K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$196K
Total revenueLn 12$196K
Assets in detailPt X, end of year
CashLn 1$76K
Cash and savings togetherLn 1–2$76K
Prepaid expenses and deferred chargesLn 9$579
Land, buildings, equipmentLn 10c$46K
Total assetsLn 16$123K
LiabilitiesLn 26$40K
Net assetsLn 32$82K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderAugust
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$38K$76K
Land, buildings, equipmentLn 10c$53K$46K
Total assetsLn 16$91K$123K
LiabilitiesLn 26$42K$40K
Net assetsLn 32$49K$82K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$70K$70K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$127$127
Office expensesLn 13$275$275
OccupancyLn 16$34K$34K
Depreciation, depletion and amortizationLn 22$8K$8K
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$162K$152K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Oct 14, 2025 $880K$703K$177K$256K 990 PDF
FY2024Filed with the IRS Oct 7, 2024 $676K$755K−$79K$79K 990 PDF
FY2023Filed with the IRS Jan 16, 2024 $689K$586K$103K$158K 990 PDF
FY2022Filed with the IRS Dec 13, 2022 $556K$583K−$28K$55K 990 PDF
FY2021 ViewingFiled with the IRS Jan 27, 2022 $196K$162K$34K$82K 990 PDF
FY2020Filed with the IRS Jan 15, 2021 $410K$470K−$60K$49K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $195,987 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,000$0
I-9 Program service revenuePrior year $385,215$195,987
I-10 Investment incomePrior year $17$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $410,232$195,987
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 $182,468$78,618
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $287,363$83,635
I-18 Total expensesPrior year $469,831$162,253
I-19 Revenue less expensesPrior year −$59,599$33,734
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $195,987 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $195,987$195,987
VIII-12 Total revenueRelated to mission $195,987 · Unrelated business $0 · Excluded from tax $0$195,987
Part IX · Statement of functional expenses $162,253 across 8 lines filed
IX-7 Other salaries and wagesPrograms $70,141$70,141
IX-10 Payroll taxesPrograms $8,477$8,477
IX-11c Accounting feesManagement $10,470$10,470
IX-11g Other fees for servicesPrograms $127$127
IX-13 Office expensesPrograms $275$275
IX-16 OccupancyPrograms $34,351$34,351
IX-22 Depreciation, depletion and amortizationPrograms $7,542$7,542
IX-24 Other expenses (24a–d)Programs $30,870$30,870
IX-25 Total functional expensesPrograms $151,783 · Management $10,470 · Fundraising $0$162,253
Part X · Balance sheet $122,524 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $38,020$76,375
X-9 Prepaid expenses and deferred charges$579
X-10c Land, buildings and equipment, netStart of year $53,112$45,570
X-16 Total assetsStart of year $91,132$122,524
X-17 Accounts payable and accrued expensesStart of year $2,426$86
X-25 Other liabilitiesStart of year $40,000$40,000
X-26 Total liabilitiesStart of year $42,426$40,086
X-27 Net assets without donor restrictionsStart of year $48,706$82,438
X-32 Total net assets or fund balancesStart of year $48,706$82,438
X-33 Total liabilities and net assetsStart of year $91,132$122,524
Part XI · Reconciliation of net assets $82,438 net assets at year end
XI-1 Total revenue$195,987
XI-2 Total expenses$162,253
XI-3 Revenue less expenses$33,734
XI-4 Net assets at start of year$48,706
XI-9 Other changes in net assets−$2
XI-10 Net assets at end of year$82,438

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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