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Phi Kappa Psi Fraternity FY2021 filing

Not tax-deductible

Indianapolis, IN501(c)(7)Mutual / membership EIN 36-2362161Revenue $2.0M in FY2021Latest return filed Mar 31, 2026

On file with the IRSphikappapsi.comIndianapolis, INTax-exempt since Jan 1941

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The organization is an association of men of integrity who strive to develop the individual in his intellect, in his involvement in the community, and in his faith.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-2362161) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
$115K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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
4 of 6
filings with a surplus
Average surplus $82K a year · 2% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$115K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
Cash reserves
4.6 mo
of spending, in cash
4.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$477K
24% of total assets
Liabilities are 24% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 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
$2.0M
-51% vs prior year
Spent
$2.6M
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$2.0M
FY2021▼ -51%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.1M
FY2021$2.0M
FY2022$3.6M
FY2023$3.8M
FY2024$3.5M
FY2025$3.9M
Expenses
$2.6M
FY2021▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$2.6M
FY2022$3.2M
FY2023$3.6M
FY2024$3.6M
FY2025$3.9M
Net assets
$1.5M
FY2021▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.5M
FY2022$2.3M
FY2023$2.5M
FY2024$2.5M
FY2025$2.8M

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

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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

Who runs it and what they're paid

11 people listed on the 990; $115K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Ron Ransom
Executive Director
$115,000Pt VII · Sec A
Robert Marchesani JR
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Marc Dumas
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
David Moyer
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ronald Ransom II$141,254—————
Ron Ransom—$136,600$125,186$115,817$115,000$99,038
Mark Guidi—————$126,923

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 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 15aYes

Programs and updates

Develops men's intellect, community involvement, and faith through integrity and personal growth.

Questions for Phi Kappa Psi Fraternity

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Your first name shows with your question. Phi Kappa Psi Fraternity answers here, for everyone.

2 programs · in their own filed words · FY2020
01

General management and educational services of 100 chapters and those expenditures relating to the administration and education of approximately 98,148 members.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-2362161) · Dispute this line
Pt IX · Ln 25 · col B
02

Publication expenditures for the promotion of citizenship, leadership, and scholastic achievement of the undergraduate and alumni members.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-2362161) · Dispute this line
Pt IX · Ln 25 · col B

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 · FY2024
The Endowment Fund of the Phi Kappa Psi FraternityFY2024$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.9M
Other incomeLn 4–11$83K
Gifts and grantsLn 1h$14K
Money outPt IX
$2.6M
Ln 25
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$973K
Total assetsLn 16$2.0M
LiabilitiesLn 26$477K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$6K
Other incomeLn 4–11$83K
Gains on assetsLn 7$12K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$973K
Cash and savings togetherLn 1–2$973K
Accounts receivableLn 4$280K
Inventories for sale or useLn 8$13K
Prepaid expenses and deferred chargesLn 9$350K
Land, buildings, equipmentLn 10c$104K
InvestmentsLn 11–13$250K
Other assetsLn 15$7K
Total assetsLn 16$2.0M
LiabilitiesLn 26$477K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 532
VolunteersI 6150
Fiscal year endsHeaderMay
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$969K$973K
InvestmentsLn 11–13$358K$250K
Land, buildings, equipmentLn 10c$180K$104K
Total assetsLn 16$2.3M$2.0M
LiabilitiesLn 26$566K$477K
Net assetsLn 32$1.7M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$115K
Other salaries and wagesLn 7$566K
Pension plan contributionsLn 8$25K
Other employee benefitsLn 9$143K
Payroll taxesLn 10$57K
Legal feesLn 11b$4K
Accounting feesLn 11c$42K
Investment management feesLn 11f$854
Other fees for servicesLn 11g$51K
Office expensesLn 13$49K
Information technologyLn 14$84K
OccupancyLn 16$108K
TravelLn 17$15K
Conferences, conventions and meetingsLn 19$53K
InterestLn 20$15K
Depreciation, depletion and amortizationLn 22$47K
InsuranceLn 23$1.1M
Other expenses (24a–d)Ln 24$32K
All other expensesLn 24e$276
Total functional expensesLn 25$2.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 31, 2026 $3.9M$3.9M$74K$2.8M 990 PDF
FY2024Filed with the IRS Dec 17, 2024 $3.5M$3.6M−$133K$2.5M 990 PDF
FY2023Filed with the IRS Feb 26, 2024 $3.8M$3.6M$232K$2.5M 990 PDF
FY2022Filed with the IRS Mar 7, 2023 $3.6M$3.2M$358K$2.3M 990 PDF
FY2021 ViewingFiled with the IRS Apr 13, 2022 $2.0M$2.6M−$573K$1.5M 990 PDF
FY2020Filed with the IRS Feb 5, 2021 $4.1M$3.5M$533K$1.7M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $1,978,142 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,160$14,195
I-9 Program service revenuePrior year $4,004,334$1,874,477
I-10 Investment incomePrior year $4,353$18,053
I-11 Other revenuePrior year $28,190$71,417
I-12 Total revenuePrior year $4,069,037$1,978,142
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 $1,010,179$906,013
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,525,891$1,645,573
I-18 Total expensesPrior year $3,536,070$2,551,586
I-19 Revenue less expensesPrior year $532,967−$573,444
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $1,978,142 across 8 lines filed
Lines not itemized here account for −$22,335 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$14,195
VIII-1h Total contributions, gifts and grants$14,195
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,874,477$1,874,477
VIII-3 Investment incomeUnrelated business $6,239$6,239
VIII-5 RoyaltiesUnrelated business $91,901$91,901
VIII-7 Net gain or loss on sales of assetsUnrelated business $8,229 · Excluded from tax $3,585$11,814
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,851$1,851
VIII-12 Total revenueRelated to mission $1,853,993 · Unrelated business $106,369 · Excluded from tax $3,585$1,978,142
Part IX · Statement of functional expenses $2,551,586 across 19 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$115,000
IX-7 Other salaries and wages$566,257
IX-8 Pension plan contributions$25,227
IX-9 Other employee benefits$142,970
IX-10 Payroll taxes$56,559
IX-11b Legal fees$3,735
IX-11c Accounting fees$42,250
IX-11f Investment management fees$854
IX-11g Other fees for services$50,770
IX-13 Office expenses$48,712
IX-14 Information technology$83,826
IX-16 Occupancy$108,114
IX-17 Travel$14,907
IX-19 Conferences, conventions and meetings$52,631
IX-20 Interest$15,040
IX-22 Depreciation, depletion and amortization$46,818
IX-23 Insurance$1,145,199
IX-24 Other expenses (24a–d)$32,441
IX-24e All other expenses$276
IX-25 Total functional expenses$2,551,586
Part X · Balance sheet $1,977,593 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $968,655$972,877
X-4 Accounts receivableStart of year $367,837$280,106
X-8 Inventories for sale or useStart of year $15,914$13,302
X-9 Prepaid expenses and deferred chargesStart of year $373,955$349,626
X-10c Land, buildings and equipment, netStart of year $179,857$104,180
X-11 Publicly traded securitiesStart of year $358,396$250,201
X-15 Other assetsStart of year $0$7,301
X-16 Total assetsStart of year $2,264,614$1,977,593
X-17 Accounts payable and accrued expensesStart of year $511,101$184,311
X-19 Deferred revenue$17,955
X-24 Unsecured notes and loans payable$229,780
X-25 Other liabilitiesStart of year $54,911$44,495
X-26 Total liabilitiesStart of year $566,012$476,541
X-27 Net assets without donor restrictionsStart of year $1,555,085$1,357,535
X-28 Net assets with donor restrictionsStart of year $143,517$143,517
X-32 Total net assets or fund balancesStart of year $1,698,602$1,501,052
X-33 Total liabilities and net assetsStart of year $2,264,614$1,977,593
Part XI · Reconciliation of net assets $1,501,052 net assets at year end
XI-1 Total revenue$1,978,142
XI-2 Total expenses$2,551,586
XI-3 Revenue less expenses−$573,444
XI-4 Net assets at start of year$1,698,602
XI-5 Net unrealized gains (losses) on investments$18,016
XI-9 Other changes in net assets$357,878
XI-10 Net assets at end of year$1,501,052

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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