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Phi Kappa Sigma Alpha Epsilon FY2024 filing

Not tax-deductible

Chicago, ILMutual-benefit / member-servingEIN 36-6085259

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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

FY2024 · 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
48 mo
of spending, in cash
Looks good: 47.8 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
$322K
+203% vs prior year
Spent
$83K
To programs
0%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$322K
FY2024▲ +203%
Revenue by fiscal year
FY2020$73K
FY2021$130K
FY2022$132K
FY2023$106K
FY2024$322K
FY2025$44K
Expenses
$83K
FY2024▲ +119%
Expenses by fiscal year
FY2020$68K
FY2021$27K
FY2022$60K
FY2023$38K
FY2024$83K
FY2025$160K
Net assets
$1.2M
FY2024▲ +27%
Net assets by fiscal year
FY2020$689K
FY2021$966K
FY2022$809K
FY2023$916K
FY2024$1.2M
FY2025$1.1M

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Brad Ford
VP and Former Member-At-Large and Committee Chair (term Exp 8/3/23)
$0Pt VII · Sec A
Brian Collins
President and Former VP (term Exp. 8/3/23)
$0Pt VII · Sec A
Dakota Betts
Secretary
$0Pt VII · Sec A
Doug Opicka
Member-At-Large/Committee Chair and Former President (term Exp 8/3/23)
$0Pt VII · Sec A
Huy Ngo
Treasurer
$0Pt VII · Sec A
Joe Munchna
Treasurer (term Exp 2/3/24)
$0Pt VII · Sec A
Bryant Schultz
Member-At-Large
$0Pt VII · Sec A
Hashem Amara
Former Member-At-Large/Committee Chair (term Exp 7/8/23)
$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.

Provided by the organization

This section is blank until Phi Kappa Sigma Alpha Epsilon claims this page.

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1 program service, described in the organization's own filed words · FY2023.
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

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$322K
Ln 12
Investment incomeLn 3$297K
Fees for servicesLn 2g$25K
Other incomeLn 4–11$40
Money outPt IX
$83K
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$331K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$25K
Investment incomeLn 3$297K
Other incomeLn 4–11$40
Gains on assetsLn 7$6K
Total revenueLn 12$322K
Assets in detailPt X, end of year
CashLn 1$331K
Cash and savings togetherLn 1–2$331K
InvestmentsLn 11–13$831K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
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 FY24End FY24
Cash and savingsLn 1–2$89K$331K
InvestmentsLn 11–13$727K$831K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$916K$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$916K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$0
Other expenses (24a–d)Ln 24$83K
All other expensesLn 24e$0
Total functional expensesLn 25$83K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $44K$160K−$116K$1.1M 990 PDF
FY2024 Viewing $322K$83K$239K$1.2M 990 PDF
FY2023 $106K$38K$68K$916K 990 PDF
FY2022 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $321,875 across 5 lines filed
Lines not itemized here account for $40 of total revenue; see the IRS return.
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 $25,000$25,000
VIII-3 Investment incomeExcluded from tax $290,628$290,628
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,207$6,207
VIII-12 Total revenueRelated to mission $25,000 · Unrelated business $0 · Excluded from tax $296,875$321,875
Part IX · Statement of functional expenses $82,958 across 3 lines filed
IX-11g Other fees for services$0
IX-24 Other expenses (24a–d)$82,958
IX-24e All other expenses$0
IX-25 Total functional expenses$82,958
Part X · Balance sheet $1,161,367 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $88,675$330,657
X-4 Accounts receivableStart of year $100,582$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $726,603$830,710
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $915,860$1,161,367
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 $915,860$1,161,367
X-33 Total liabilities and net assetsStart of year $915,860$1,161,367
Part XI · Reconciliation of net assets $1,161,367 net assets at year end
XI-1 Total revenue$321,875
XI-2 Total expenses$82,958
XI-3 Revenue less expenses$238,917
XI-4 Net assets at start of year$915,860
XI-5 Net unrealized gains (losses) on investments$84,254
XI-8 Prior period adjustments−$77,664
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,161,367

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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