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Phi Kappa Psi Fraternity

Not tax-deductible

Champaign, IL501(c)(7)Mutual / membership EIN 37-0676169Revenue $851K in FY2025Latest return filed Jul 15, 2025

On file with the IRSilliniphipsi.comChampaign, ILTax-exempt since Jan 1941

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Provide room, board and social activities for active members

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-0676169) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Run by 19 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 5
filings with a surplus
Average deficit $57K a year · 7% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
1.3 mo
of spending, in cash
1.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$353K
198% of total assets
Liabilities are 198% of assets.
Pt X · Ln 26
Independent board members
16
of 16 voting members
16 of 16 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
$851K
+13% vs prior year
Spent
$856K
Net assets
−$174K
By yearFY2021–FY2025
Revenue
$851K
FY2025▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2021$764K
FY2022$922K
FY2023$769K
FY2024$753K
FY2025$851K
Expenses
$856K
FY2025▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2021$755K
FY2022$882K
FY2023$986K
FY2024$865K
FY2025$856K
Net assets
−$174K
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2021$120K
FY2022$160K
FY2023−$58K
FY2024−$169K
FY2025−$174K

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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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

16 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Max Quinn
External Vice President
$0Pt VII · Sec A
Leo Oif
Treasurer
$0Pt VII · Sec A
Geoffrey Moore
Internal Vice President
$0Pt VII · Sec A
Russel Styrkowicz
Risk Manager
$0Pt VII · Sec A
Brian Doligale
House Manager
$0Pt VII · Sec A
Max Schilawski
House Manager
$0Pt VII · Sec A
Ben Davis
Athletic Chair
$0Pt VII · Sec A
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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers lodging, meals, and social events for active members.

Questions for Phi Kappa Psi Fraternity

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1 program · in their own filed words · FY2024
01

Provide room, board AND/OR social activities for active members

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-0676169) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$851K
Ln 12
Fees for servicesLn 2g$851K
Money outPt IX
$856K
Ln 25
Owns and owesPt X
−$174K
net assets · Ln 32
Cash and savingsLn 1–2$93K
Total assetsLn 16$179K
LiabilitiesLn 26$353K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$851K
Total revenueLn 12$851K
Assets in detailPt X, end of year
CashLn 1$93K
Cash and savings togetherLn 1–2$93K
Accounts receivableLn 4$83K
Land, buildings, equipmentLn 10c$847
Other assetsLn 15$2K
Total assetsLn 16$179K
LiabilitiesLn 26$353K
Net assetsLn 32−$174K
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
Fiscal year endsHeaderMay
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 FY25End FY25
Cash and savingsLn 1–2$16K$93K
Land, buildings, equipmentLn 10c$1K$847
Total assetsLn 16$176K$179K
LiabilitiesLn 26$345K$353K
Net assetsLn 32−$169K−$174K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$412
Management feesLn 11a$18K
Accounting feesLn 11c$11K
Information technologyLn 14$16K
OccupancyLn 16$411K
Depreciation, depletion and amortizationLn 22$466
InsuranceLn 23$39K
Other expenses (24a–d)Ln 24$347K
All other expensesLn 24e$13K
Total functional expensesLn 25$856K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 15, 2025 $851K$856K−$5K−$174K 990 PDF
FY2024Filed with the IRS Dec 13, 2024 $753K$865K−$111K−$169K 990 PDF
FY2023Filed with the IRS Apr 15, 2024 $769K$986K−$217K−$58K 990 PDF
FY2022Filed with the IRS Apr 20, 2023 $922K$882K$40K$160K 990 PDF
FY2021Filed with the IRS Nov 9, 2021 $764K$755K$9K$120K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $851,015 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $753,377$851,015
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $753,377$851,015
I-13 Grants and similar amounts paidPrior year $42$412
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $864,718$855,902
I-18 Total expensesPrior year $864,760$856,314
I-19 Revenue less expensesPrior year −$111,383−$5,299
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $851,015 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $851,015$851,015
VIII-12 Total revenueRelated to mission $851,015 · Unrelated business $0 · Excluded from tax $0$851,015
Part IX · Statement of functional expenses $856,314 across 9 lines filed
IX-2 Grants to domestic individuals$412
IX-11a Management fees$17,500
IX-11c Accounting fees$10,600
IX-14 Information technology$16,336
IX-16 Occupancy$411,482
IX-22 Depreciation, depletion and amortization$466
IX-23 Insurance$38,943
IX-24 Other expenses (24a–d)$347,100
IX-24e All other expenses$13,475
IX-25 Total functional expenses$856,314
Part X · Balance sheet $178,509 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $15,648$92,572
X-4 Accounts receivableStart of year $159,070$82,990
X-10c Land, buildings and equipment, netStart of year $1,313$847
X-15 Other assetsStart of year $0$2,100
X-16 Total assetsStart of year $176,031$178,509
X-17 Accounts payable and accrued expensesStart of year $65,729$18,145
X-22 Loans from officers and insiders$49,356
X-25 Other liabilitiesStart of year $279,275$285,280
X-26 Total liabilitiesStart of year $345,004$352,781
X-27 Net assets without donor restrictionsStart of year −$168,973−$174,272
X-32 Total net assets or fund balancesStart of year −$168,973−$174,272
X-33 Total liabilities and net assetsStart of year $176,031$178,509
Part XI · Reconciliation of net assets −$174,272 net assets at year end
XI-1 Total revenue$851,015
XI-2 Total expenses$856,314
XI-3 Revenue less expenses−$5,299
XI-4 Net assets at start of year−$168,973
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$174,272

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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