Phi Kappa Sigma Fraternity Purdue Chapter: FY2023 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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Larry Rexing

President

$0Pt VII · Sec A

Ken Colman

Vice Preside

$0Pt VII · Sec A

Jim Krampen

Treasurer

$0Pt VII · Sec A

Bill Schoenlein

Secretary

$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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1 program · in their own filed words · FY2022

01

Holds real estate for phi kappa sigma fraternity.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$333K

Ln 12

Fees for servicesLn 2g$297K

Gifts and grantsLn 1h$36K

Investment incomeLn 3$25

Money outPt IX

$328K

Ln 25

Owns and owesPt X

−$246K

net assets · Ln 32

Cash and savingsLn 1–2$39K

Total assetsLn 16$174K

LiabilitiesLn 26$420K

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$36K

Fees for servicesLn 2g$297K

Investment incomeLn 3$25

Total revenueLn 12$333K

Assets in detailPt X, end of year

CashLn 1$39K

Cash and savings togetherLn 1–2$39K

Land, buildings, equipmentLn 10c$134K

Total assetsLn 16$174K

LiabilitiesLn 26$420K

Net assetsLn 32−$246K

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 FY23	End FY23
Cash and savingsLn 1–2	$66K	$39K
Land, buildings, equipmentLn 10c	$144K	$134K
Total assetsLn 16	$210K	$174K
LiabilitiesLn 26	$456K	$420K
Net assetsLn 32	−$246K	−$246K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$6K
Advertising and promotionLn 12	$3K
Office expensesLn 13	$12K
OccupancyLn 16	$257K
InterestLn 20	$31K
Depreciation, depletion and amortizationLn 22	$17K
Total functional expensesLn 25	$328K	$0	$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 Viewing	$333K	$328K	$5K	−$246K	990 PDF
FY2022	$261K	$291K	−$30K	−$246K	990 PDF
FY2021	$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 FY2023 990 (6 parts)

Part I · Summary $333,106 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $22,200$36,265

I-9 Program service revenuePrior year $238,372$296,816

I-10 Investment incomePrior year $31$25

I-11 Other revenue$0

I-12 Total revenuePrior year $260,603$333,106

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 $290,722$327,669

I-18 Total expensesPrior year $290,722$327,669

I-19 Revenue less expensesPrior year −$30,119$5,437

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 $333,106 across 6 lines filed

VIII-1b Membership dues$30,220

VIII-1f All other contributions, gifts and grants$6,045

VIII-1h Total contributions, gifts and grants$36,265

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $296,816$296,816

VIII-3 Investment incomeExcluded from tax $25$25

VIII-12 Total revenueRelated to mission $296,816 · Excluded from tax $25$333,106

Part IX · Statement of functional expenses $327,669 across 6 lines filed

IX-11c Accounting fees$6,009

IX-12 Advertising and promotion$3,363

IX-13 Office expenses$12,344

IX-16 Occupancy$257,251

IX-20 Interest$31,356

IX-22 Depreciation, depletion and amortization$17,346

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$327,669

Part X · Balance sheet $173,829 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $65,845$39,491

X-10c Land, buildings and equipment, netStart of year $143,883$134,338

X-16 Total assetsStart of year $209,728$173,829

X-25 Other liabilitiesStart of year $28,800$6,500

X-26 Total liabilitiesStart of year $456,145$419,809

X-27 Net assets without donor restrictionsStart of year −$246,417−$245,980

X-32 Total net assets or fund balancesStart of year −$246,417−$245,980

X-33 Total liabilities and net assetsStart of year $209,728$173,829

Part XI · Reconciliation of net assets −$245,980 net assets at year end

XI-1 Total revenue$333,106

XI-2 Total expenses$327,669

XI-3 Revenue less expenses$5,437

XI-4 Net assets at start of year−$246,417

XI-8 Prior period adjustments−$5,000

XI-10 Net assets at end of year−$245,980

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Phi Kappa Sigma Fraternity Purdue Chapter FY2023 filing

Before you give

Is it real?

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