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Phi Kappa Psi Fraternity FY2020 filing

Not tax-deductible

Tuscaloosa, AL501(c)(7)EIN 42-0467540Revenue $443K in FY2020

On file with the IRSiowaalpha.orgPo Box 1880, 35403-1880 · Tuscaloosa, ALTax-exempt since Jan 1941

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Local chapter of a national collegiate social Fraternity.

Mission: Form 990 Part I, line 1

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FY2020 · 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
3 of 6
filings with a surplus
Average surplus $729 a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 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
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
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
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$443K
Spent
$458K
To programs
0%
Net assets
$29K
By yearFY2020–FY2025
Revenue
$443K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$443K
FY2021$454K
FY2022$560K
FY2023$645K
FY2024$694K
FY2025$710K
Expenses
$458K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$458K
FY2021$438K
FY2022$571K
FY2023$666K
FY2024$682K
FY2025$686K
Net assets
$29K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$29K
FY2021$45K
FY2022$34K
FY2023$13K
FY2024$25K
FY2025$139K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Paul Hanson
Philanthropy
$0Pt VII · Sec A
Nathan Newcomb
Vice Preside
$0Pt VII · Sec A
Austin Quinn
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Phi Kappa Psi Fraternity 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

Connects college men through brotherhood, leadership, and service.

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Provided by the organization

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1 program · in their own filed words · FY2019
01

Provided meals, housing and social programs for the local social fraternity members- total of 142 members for the year.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$443K
Ln 12
Fees for servicesLn 2g$443K
Money outPt IX
$458K
Ln 25
Owns and owesPt X
$29K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$443K
Total revenueLn 12$443K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
Net assetsLn 32$29K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY20End FY20
Cash and savingsLn 1–2$44K$29K
Total assetsLn 16$44K$29K
LiabilitiesLn 26$0$0
Net assetsLn 32$44K$29K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K
OccupancyLn 16$270K
TravelLn 17$5K
Other expenses (24a–d)Ln 24$155K
All other expensesLn 24e$23K
Total functional expensesLn 25$458K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $710K$686K$24K$139K 990 PDF
FY2024 $694K$682K$11K$25K 990 PDF
FY2023 $645K$666K−$21K$13K 990 PDF
FY2022 $560K$571K−$11K$34K 990 PDF
FY2021 $454K$438K$16K$45K 990 PDF
FY2020 Viewing $443K$458K−$15K$29K 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 FY2020 990 (6 parts)
Part I · Summary $442,926 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $466,072$442,926
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $466,072$442,926
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 $435,342$457,761
I-18 Total expensesPrior year $435,342$457,761
I-19 Revenue less expensesPrior year $30,730−$14,835
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
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 $442,926 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $442,926$442,926
VIII-12 Total revenueRelated to mission $442,926$442,926
Part IX · Statement of functional expenses $457,761 across 5 lines filed
IX-11c Accounting fees$5,519
IX-16 Occupancy$270,000
IX-17 Travel$5,000
IX-24 Other expenses (24a–d)$154,668
IX-24e All other expenses$22,574
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$457,761
Part X · Balance sheet $29,316 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $44,151$29,316
X-16 Total assetsStart of year $44,151$29,316
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $44,151$29,316
X-33 Total liabilities and net assetsStart of year $44,151$29,316
Part XI · Reconciliation of net assets $29,316 net assets at year end
XI-1 Total revenue$442,926
XI-2 Total expenses$457,761
XI-3 Revenue less expenses−$14,835
XI-4 Net assets at start of year$44,151
XI-10 Net assets at end of year$29,316

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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