Phi Kappa Sigma Fraternity Purdue Chapter: FY2021 Nonprofit Profile & Form 990 (EIN 35-6023307)

Revenue by fiscal year
FY2020	$236K
FY2021	$199K
FY2022	$261K
FY2023	$333K
FY2024	$315K
FY2025	$334K

Expenses by fiscal year
FY2020	$227K
FY2021	$212K
FY2022	$291K
FY2023	$328K
FY2024	$329K
FY2025	$312K

Net assets by fiscal year
FY2020	−$203K
FY2021	−$216K
FY2022	−$246K
FY2023	−$246K
FY2024	−$260K
FY2025	−$237K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1970.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $212K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Jim Krampen

Treasurer

$0Pt VII · Sec A

Bill Schoenlein

Secretary

$0Pt VII · Sec A

Larry Rexing

President

$0Pt VII · Sec A

Ken Colman

Vice-President

$0Pt VII · Sec A

See Phi Kappa Sigma Fraternity Purdue Chapter 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

Manages properties for the Phi Kappa Sigma Fraternity.

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Provided by the organization

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1 program · $212K · in their own filed words · FY2020

01

Holds real estate for Phi Kappa Sigma Fraternity.

$212Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$199K

Ln 12

Fees for servicesLn 2g$189K

Gifts and grantsLn 1h$10K

Money outPt IX

$212K

Ln 25

Programscol B$212K

Owns and owesPt X

−$216K

net assets · Ln 32

Cash and savingsLn 1–2$88K

Total assetsLn 16$249K

LiabilitiesLn 26$465K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$10K

Fees for servicesLn 2g$189K

Total revenueLn 12$199K

Assets in detailPt X, end of year

CashLn 1$88K

Cash and savings togetherLn 1–2$88K

Land, buildings, equipmentLn 10c$161K

Total assetsLn 16$249K

LiabilitiesLn 26$465K

Net assetsLn 32−$216K

OperationsPt I, VI

EmployeesI 50

VolunteersI 64

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$97K	$88K
Land, buildings, equipmentLn 10c	$179K	$161K
Total assetsLn 16	$277K	$249K
LiabilitiesLn 26	$479K	$465K
Net assetsLn 32	−$203K	−$216K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$6K	$6K
Office expensesLn 13	$518	$518
OccupancyLn 16	$100K	$100K
InterestLn 20	$33K	$33K
Depreciation, depletion and amortizationLn 22	$18K	$18K
InsuranceLn 23	$15K	$15K
Other expenses (24a–d)Ln 24	$38K	$38K
All other expensesLn 24e	$3K	$3K
Total functional expensesLn 25	$212K	$212K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$334K	$312K	$22K	−$237K	990 PDF
FY2024	$315K	$329K	−$14K	−$260K	990 PDF
FY2023	$333K	$328K	$5K	−$246K	990 PDF
FY2022	$261K	$291K	−$30K	−$246K	990 PDF
FY2021 Viewing	$199K	$212K	−$14K	−$216K	990 PDF
FY2020	$236K	$227K	$9K	−$203K	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 (6 parts)

Part I · Summary $198,615 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $5,070$9,555

I-9 Program service revenuePrior year $231,360$189,060

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $236,430$198,615

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $227,266$212,247

I-18 Total expensesPrior year $227,266$212,247

I-19 Revenue less expensesPrior year $9,164−$13,632

Part VI · Governance 4 of 4 board members independent, 1 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $198,615 across 4 lines filed

VIII-1b Membership dues$9,555

VIII-1h Total contributions, gifts and grants$9,555

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $189,060$189,060

VIII-12 Total revenueRelated to mission $189,060 · Unrelated business $0 · Excluded from tax $0$198,615

Part IX · Statement of functional expenses $212,247 across 8 lines filed

IX-11c Accounting feesPrograms $5,900$5,900

IX-13 Office expensesPrograms $518$518

IX-16 OccupancyPrograms $99,500$99,500

IX-20 InterestPrograms $33,081$33,081

IX-22 Depreciation, depletion and amortizationPrograms $18,026$18,026

IX-23 InsurancePrograms $14,745$14,745

IX-24 Other expenses (24a–d)Programs $37,840$37,840

IX-24e All other expensesPrograms $2,637$2,637

IX-25 Total functional expensesPrograms $212,247 · Management $0 · Fundraising $0$212,247

Part X · Balance sheet $249,084 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $97,481$87,858

X-10c Land, buildings and equipment, netStart of year $179,252$161,226

X-16 Total assetsStart of year $276,733$249,084

X-25 Other liabilitiesStart of year $16,000$19,700

X-26 Total liabilitiesStart of year $479,399$465,382

X-27 Net assets without donor restrictionsStart of year −$202,666−$216,298

X-32 Total net assets or fund balancesStart of year −$202,666−$216,298

X-33 Total liabilities and net assetsStart of year $276,733$249,084

Part XI · Reconciliation of net assets −$216,298 net assets at year end

XI-1 Total revenue$198,615

XI-2 Total expenses$212,247

XI-3 Revenue less expenses−$13,632

XI-4 Net assets at start of year−$202,666

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$216,298

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

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Phi Kappa Sigma Fraternity Purdue Chapter FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Phi Kappa Sigma Fraternity Purdue Chapter

By the numbers

Filing history

Schedules filed Part IV