Phi Kappa Psi Fraternity FY2023 filing

Not tax-deductible

Indianapolis, IN501(c)(7)EIN 36-2362161

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.

$125K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
4 of 6
filings with a surplus
Average surplus $82K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$125K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
+6% vs prior year
Spent
$3.6M
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$3.8M
FY2023▲ +6%
Revenue by fiscal year
FY2020$4.1M
FY2021$2.0M
FY2022$3.6M
FY2023$3.8M
FY2024$3.5M
FY2025$3.9M
Expenses
$3.6M
FY2023▲ +10%
Expenses by fiscal year
FY2020$3.5M
FY2021$2.6M
FY2022$3.2M
FY2023$3.6M
FY2024$3.6M
FY2025$3.9M
Net assets
$2.5M
FY2023▲ +11%
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 FY2023 Form 990 (year ending May 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$125,186Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Archon
$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.

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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

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

Provided by the organization

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2 program services, described in the organization's own filed words · FY2022.
01

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

Pt IX · col B
02

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

Pt IX · col B

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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
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Fees for servicesLn 2g$3.7M
Investment incomeLn 3$26K
Gifts and grantsLn 1h$17K
Money outPt IX
$3.6M
Ln 25
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$3.9M
LiabilitiesLn 26$1.3M
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$17K
Fees for servicesLn 2g$3.7M
Investment incomeLn 3$26K
Other incomeLn 4–11$17K
Gains on assetsLn 7$107
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$1.7M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$369K
Land, buildings, equipmentLn 10c$132K
Other assetsLn 15$772K
Total assetsLn 16$3.9M
LiabilitiesLn 26$1.3M
Net assetsLn 32$2.5M
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 FY23End FY23
Cash and savingsLn 1–2$1.4M$1.7M
InvestmentsLn 11–13$285K$369K
Land, buildings, equipmentLn 10c$115K$132K
Total assetsLn 16$3.1M$3.9M
LiabilitiesLn 26$811K$1.3M
Net assetsLn 32$2.3M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$132K
Other salaries and wagesLn 7$784K
Pension plan contributionsLn 8$33K
Payroll taxesLn 10$77K
Accounting feesLn 11c$37K
Other fees for servicesLn 11g$186K
Office expensesLn 13$216K
Information technologyLn 14$86K
OccupancyLn 16$112K
TravelLn 17$190K
Conferences, conventions and meetingsLn 19$278K
InterestLn 20$31K
Depreciation, depletion and amortizationLn 22$17K
InsuranceLn 23$1.2M
Other expenses (24a–d)Ln 24$163K
All other expensesLn 24e$7K
Total functional expensesLn 25$3.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.9M$3.9M$74K$2.8M 990 PDF
FY2024 $3.5M$3.6M−$133K$2.5M 990 PDF
FY2023 Viewing $3.8M$3.6M$232K$2.5M 990 PDF
FY2022 $3.6M$3.2M$358K$2.3M 990 PDF
FY2021 $2.0M$2.6M−$573K$1.5M 990 PDF
FY2020 $4.1M$3.5M$533K$1.7M 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 (4 parts)
Part VIII · Statement of revenue $3,789,770 across 8 lines filed
Lines not itemized here account for −$43,347 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$17,439
VIII-1h Total contributions, gifts and grants$17,439
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,728,902$3,728,902
VIII-3 Investment incomeUnrelated business $26,125$26,125
VIII-5 RoyaltiesUnrelated business $57,634$57,634
VIII-7 Net gain or loss on sales of assetsUnrelated business $107$107
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,910$2,910
VIII-12 Total revenueRelated to mission $3,688,465 · Unrelated business $83,866 · Excluded from tax $0$3,789,770
Part IX · Statement of functional expenses $3,558,112 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$131,775
IX-7 Other salaries and wages$784,081
IX-8 Pension plan contributions$32,579
IX-10 Payroll taxes$76,990
IX-11c Accounting fees$36,750
IX-11g Other fees for services$186,442
IX-13 Office expenses$215,500
IX-14 Information technology$86,296
IX-16 Occupancy$111,944
IX-17 Travel$189,763
IX-19 Conferences, conventions and meetings$278,164
IX-20 Interest$31,127
IX-22 Depreciation, depletion and amortization$16,718
IX-23 Insurance$1,210,884
IX-24 Other expenses (24a–d)$162,565
IX-24e All other expenses$6,534
IX-25 Total functional expenses$3,558,112
Part X · Balance sheet $3,856,663 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,423,815$1,676,195
X-4 Accounts receivableStart of year $304,522$355,689
X-8 Inventories for sale or useStart of year $9,743$6,681
X-9 Prepaid expenses and deferred chargesStart of year $694,011$544,744
X-10c Land, buildings and equipment, netStart of year $115,357$132,353
X-11 Publicly traded securitiesStart of year $285,224$369,259
X-15 Other assetsStart of year $253,563$771,742
X-16 Total assetsStart of year $3,086,235$3,856,663
X-17 Accounts payable and accrued expensesStart of year $209,854$250,071
X-24 Unsecured notes and loans payableStart of year $450,763$253,701
X-25 Other liabilitiesStart of year $55,612$818,631
X-26 Total liabilitiesStart of year $811,409$1,322,403
X-27 Net assets without donor restrictionsStart of year $2,131,309$2,390,743
X-28 Net assets with donor restrictionsStart of year $143,517$143,517
X-32 Total net assets or fund balancesStart of year $2,274,826$2,534,260
X-33 Total liabilities and net assetsStart of year $3,086,235$3,856,663
Part XI · Reconciliation of net assets $2,534,260 net assets at year end
XI-1 Total revenue$3,789,770
XI-2 Total expenses$3,558,112
XI-3 Revenue less expenses$231,658
XI-4 Net assets at start of year$2,274,826
XI-5 Net unrealized gains (losses) on investments−$13,271
XI-7 Investment expenses−$1,607
XI-9 Other changes in net assets$42,654
XI-10 Net assets at end of year$2,534,260

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

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