Phi Kappa Psi Fraternity: Nonprofit Profile, Financials & Form 990 (EIN 41-0479443)

Revenue by fiscal year
FY2021	$320K
FY2022	$375K
FY2023	$369K
FY2024	$325K
FY2025	$363K

Expenses by fiscal year
FY2021	$330K
FY2022	$366K
FY2023	$359K
FY2024	$343K
FY2025	$366K

Net assets by fiscal year
FY2021	$64K
FY2022	$72K
FY2023	$82K
FY2024	$64K
FY2025	$61K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1941.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $366K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Samuel Richter

President

$0Pt VII · Sec A

Reid Keller

Vice-President

$0Pt VII · Sec A

Michael Rocca

Treasurer

$0Pt VII · Sec A

Daniel Finley

Corresponding Secretary

$0Pt VII · Sec A

Thomas Brunner

Responding Secretary

$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

Programs and updates

Offers social events and activities for college fraternity members.

Questions for Phi Kappa Psi Fraternity

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1 program · in their own filed words · FY2024

01

Membership consisted of 94 male undergraduate students attending the university of minnesota. Housing is provided for up to 28 of these members from august 2024 to may 2025.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-0479443) · 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

$363K

Ln 12

Fees for servicesLn 2g$356K

Other incomeLn 4–11$7K

Investment incomeLn 3$344

Money outPt IX

$366K

Ln 25

Programscol B$366K

Owns and owesPt X

$61K

net assets · Ln 32

Cash and savingsLn 1–2$57K

Total assetsLn 16$84K

LiabilitiesLn 26$22K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$356K

Investment incomeLn 3$344

Other incomeLn 4–11$7K

Total revenueLn 12$363K

Assets in detailPt X, end of year

CashLn 1$57K

Cash and savings togetherLn 1–2$57K

Accounts receivableLn 4$19K

Prepaid expenses and deferred chargesLn 9$4K

InvestmentsLn 11–13$957

Other assetsLn 15$3K

Total assetsLn 16$84K

LiabilitiesLn 26$22K

Net assetsLn 32$61K

OperationsPt I, VI

EmployeesI 50

VolunteersI 681

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$55K	$57K
InvestmentsLn 11–13	$707	$957
Land, buildings, equipmentLn 10c	$1K	$0
Total assetsLn 16	$65K	$84K
LiabilitiesLn 26	$875	$22K
Net assetsLn 32	$64K	$61K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$6K	$6K
Accounting feesLn 11c	$4K	$4K	$0	$0
Office expensesLn 13	$2K	$2K	$0	$0
OccupancyLn 16	$151K	$151K	$0	$0
Conferences, conventions and meetingsLn 19	$339	$339	$0	$0
InterestLn 20	$67	$67	$0	$0
Payments to affiliatesLn 21	$44K	$44K	$0	$0
InsuranceLn 23	$11K	$11K	$0	$0
Other expenses (24a–d)Ln 24	$148K	$148K	$0	$0
Total functional expensesLn 25	$366K	$366K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Nov 13, 2025	$363K	$366K	−$3K	$61K	990 PDF
FY2024Filed with the IRS Nov 14, 2024	$325K	$343K	−$18K	$64K	990 PDF
FY2023Filed with the IRS Nov 9, 2023	$369K	$359K	$10K	$82K	990 PDF
FY2022Filed with the IRS Oct 27, 2022	$375K	$366K	$9K	$72K	990 PDF
FY2021Filed with the IRS Nov 10, 2021	$320K	$330K	−$10K	$64K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $363,091 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $316,465$355,717

I-10 Investment incomePrior year $35$344

I-11 Other revenuePrior year $8,013$7,030

I-12 Total revenuePrior year $324,513$363,091

I-13 Grants and similar amounts paidPrior year $9,295$5,893

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $333,347$359,848

I-18 Total expensesPrior year $342,642$365,741

I-19 Revenue less expensesPrior year −$18,129−$2,650

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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 $363,091 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$355,717

VIII-3 Investment incomeUnrelated business $344 · Excluded from tax $0$344

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,030 · Unrelated business $0 · Excluded from tax $0$7,030

VIII-12 Total revenueRelated to mission $362,747 · Unrelated business $344 · Excluded from tax $0$363,091

Part IX · Statement of functional expenses $365,741 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $5,893$5,893

IX-11c Accounting feesPrograms $3,815 · Management $0 · Fundraising $0$3,815

IX-13 Office expensesPrograms $2,141 · Management $0 · Fundraising $0$2,141

IX-16 OccupancyPrograms $150,567 · Management $0 · Fundraising $0$150,567

IX-19 Conferences, conventions and meetingsPrograms $339 · Management $0 · Fundraising $0$339

IX-20 InterestPrograms $67 · Management $0 · Fundraising $0$67

IX-21 Payments to affiliatesPrograms $43,527 · Management $0 · Fundraising $0$43,527

IX-23 InsurancePrograms $11,421 · Management $0 · Fundraising $0$11,421

IX-24 Other expenses (24a–d)Programs $147,971 · Management $0 · Fundraising $0$147,971

IX-25 Total functional expensesPrograms $365,741 · Management $0 · Fundraising $0$365,741

Part X · Balance sheet $83,713 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $54,808$56,674

X-4 Accounts receivableStart of year $5,219$19,182

X-9 Prepaid expenses and deferred charges$4,000

X-10c Land, buildings and equipment, netStart of year $1,381$0

X-13 Program-related investmentsStart of year $707$957

X-15 Other assetsStart of year $2,900$2,900

X-16 Total assetsStart of year $65,015$83,713

X-17 Accounts payable and accrued expensesStart of year $875$18,048

X-19 Deferred revenue$4,175

X-26 Total liabilitiesStart of year $875$22,223

X-31 Retained earnings or endowmentStart of year $64,140$61,490

X-32 Total net assets or fund balancesStart of year $64,140$61,490

X-33 Total liabilities and net assetsStart of year $65,015$83,713

Part XI · Reconciliation of net assets $61,490 net assets at year end

XI-1 Total revenue$363,091

XI-2 Total expenses$365,741

XI-3 Revenue less expenses−$2,650

XI-4 Net assets at start of year$64,140

XI-10 Net assets at end of year$61,490

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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Phi Kappa Psi Fraternity

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Phi Kappa Psi Fraternity

By the numbers

Filing history

Schedules filed Part IV

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