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Phi Kappa Sigma Alpha Epsilon FY2022 filing

Not tax-deductible

Chicago, ILMutual-benefit / member-servingEIN 36-6085259Revenue $132K in FY2022

On file with the IRSaepks.com3366 S Michigan Ave, 60616-3818 · Chicago, ILTax-exempt since Jun 1945

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Alpha Epsilon of Phi Kappa Sigma educational society's (the society) purpose is to collect rents and maintain the buildings used by the fraternity. The society also maintains the continuity of the fraternity with respect to membership size, which includes subsidizing the fraternity when membership numbers get too low to sustain operations.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 6
filings with a surplus
Average surplus $62K a year · 46% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$132K
+1% vs prior year
Spent
$60K
To programs
0%
Net assets
$809K
By yearFY2020–FY2025
Revenue
$132K
FY2022▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$73K
FY2021$130K
FY2022$132K
FY2023$106K
FY2024$322K
FY2025$44K
Expenses
$60K
FY2022▲ +120%
Tap a bar for its year
Expenses by fiscal year
FY2020$68K
FY2021$27K
FY2022$60K
FY2023$38K
FY2024$83K
FY2025$160K
Net assets
$809K
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$689K
FY2021$966K
FY2022$809K
FY2023$916K
FY2024$1.2M
FY2025$1.1M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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 Jun 1945.

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Dakota Betts
Vice President
$0Pt VII · Sec A
Joe Muchna
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Billy Strnad
Member-At-Large/Committee Chair
$0Pt VII · Sec A
Brian Collins
Member-At-Large/Committee Chair
$0Pt VII · Sec A
Doug Opicka
Member-At-Large/Committee Chair
$0Pt VII · Sec A
Hashem Amara
Member-At-Large/Committee Chair
$0Pt VII · Sec A
See Phi Kappa Sigma Alpha Epsilon 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

Collects rents, maintains fraternity buildings, and subsidizes operations to ensure membership continuity.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Alpha epsilon of phi kappa sigma educational society's (the society) purpose is to collect rents and maintain the buildings used by the fraternity. The society also maintains the continuity of the fraternity with respect to membership size, which includes subsidizing the fraternity when membership numbers get too low to sustain…

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$132K
Ln 12
Investment incomeLn 3$82K
Fees for servicesLn 2g$50K
Money outPt IX
$60K
Ln 25
Owns and owesPt X
$809K
net assets · Ln 32
Cash and savingsLn 1–2$98K
Total assetsLn 16$809K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$50K
Investment incomeLn 3$82K
Gains on assetsLn 7$44K
Total revenueLn 12$132K
Assets in detailPt X, end of year
CashLn 1$98K
Cash and savings togetherLn 1–2$98K
InvestmentsLn 11–13$660K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$809K
LiabilitiesLn 26$0
Net assetsLn 32$809K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$134K$98K
InvestmentsLn 11–13$832K$660K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$966K$809K
LiabilitiesLn 26$0$0
Net assetsLn 32$966K$809K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$0
Other expenses (24a–d)Ln 24$60K
All other expensesLn 24e$0
Total functional expensesLn 25$60K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $44K$160K−$116K$1.1M 990 PDF
FY2024 $322K$83K$239K$1.2M 990 PDF
FY2023 $106K$38K$68K$916K 990 PDF
FY2022 Viewing $132K$60K$71K$809K 990 PDF
FY2021 $130K$27K$103K$966K 990 PDF
FY2020 $73K$68K$5K$689K 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 FY2022 990 (6 parts)
Part I · Summary $131,509 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$50,000
I-10 Investment incomePrior year $90,157$81,509
I-11 Other revenuePrior year $40,000$0
I-12 Total revenuePrior year $130,157$131,509
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 $27,406$60,337
I-18 Total expensesPrior year $27,406$60,337
I-19 Revenue less expensesPrior year $102,751$71,172
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $131,509 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $50,000$50,000
VIII-3 Investment incomeExcluded from tax $37,313$37,313
VIII-7 Net gain or loss on sales of assetsExcluded from tax $44,196$44,196
VIII-12 Total revenueRelated to mission $50,000 · Unrelated business $0 · Excluded from tax $81,509$131,509
Part IX · Statement of functional expenses $60,337 across 3 lines filed
IX-11g Other fees for services$0
IX-24 Other expenses (24a–d)$60,337
IX-24e All other expenses$0
IX-25 Total functional expenses$60,337
Part X · Balance sheet $809,423 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $133,707$98,464
X-4 Accounts receivableStart of year $582$50,582
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $831,578$660,377
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $965,867$809,423
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $965,867$809,423
X-33 Total liabilities and net assetsStart of year $965,867$809,423
Part XI · Reconciliation of net assets $809,423 net assets at year end
XI-1 Total revenue$131,509
XI-2 Total expenses$60,337
XI-3 Revenue less expenses$71,172
XI-4 Net assets at start of year$965,867
XI-5 Net unrealized gains (losses) on investments−$227,616
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$809,423

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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