Phi Kappa Psi Alumni FY2021 filing

Tuscaloosa, ALUnknown exempt organizationEIN 42-1457251Revenue $208K in FY2021

On file with the IRSPo Box 1880 · Tuscaloosa, AL

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Provide housing for the local chapter of a national collegiate social fraternity.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 5
filings with a surplus
Average deficit $116K a year · 45% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 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
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$208K
Spent
$227K
To programs
100%
Net assets
$898K
By yearFY2021–FY2025
Revenue
$208K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$208K
FY2022$211K
FY2023$212K
FY2024$447K
FY2025$223K
Expenses
$227K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$227K
FY2022$224K
FY2023$205K
FY2024$399K
FY2025$828K
Net assets
$898K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$898K
FY2022$885K
FY2023$892K
FY2024$940K
FY2025$341K

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $227K

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

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Phi Kappa Psi Alumni 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

Provides housing for a local college fraternity chapter.

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Provided by the organization

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3 programs · $115K · in their own filed words · FY2020
01

Provide ongoing maintenance of student housing structure owned by this organization.

$48Kprogram expense
02

Perform and or fund periodic upgrades and renovations of student housing structure owned by this organization.

$43Kprogram expense
03

Fund sponsor a student-run scholarship program for 1st year students at The University of Iowa.

$24Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $12K · 2024–2024

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$208K
Ln 12
Fees for servicesLn 2g$201K
Investment incomeLn 3$4K
Gifts and grantsLn 1h$3K
Money outPt IX
$227K
Ln 25
Programscol B$227K
Owns and owesPt X
$898K
net assets · Ln 32
Cash and savingsLn 1–2$174K
Total assetsLn 16$898K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$201K
Investment incomeLn 3$4K
Gains on assetsLn 7$0
Total revenueLn 12$208K
Assets in detailPt X, end of year
CashLn 1$65K
SavingsLn 2$109K
Cash and savings togetherLn 1–2$174K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$724K
Other assetsLn 15$0
Total assetsLn 16$898K
LiabilitiesLn 26$0
Net assetsLn 32$898K
OperationsPt I, VI
EmployeesI 517
VolunteersI 612
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 FY21End FY21
Cash and savingsLn 1–2$192K$174K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$724K$724K
Total assetsLn 16$916K$898K
LiabilitiesLn 26$0$0
Net assetsLn 32$916K$898K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9K$9K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$68K$68K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$8K$8K$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$500$500$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$24K$24K$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$8K$8K$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$9K$9K$0$0
Other expenses (24a–d)Ln 24$91K$91K$0$0
All other expensesLn 24e$9K$9K$0$0
Total functional expensesLn 25$227K$227K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $223K$828K−$604K$341K 990 PDF
FY2024 $447K$399K$48K$940K 990 PDF
FY2023 $212K$205K$7K$892K 990 PDF
FY2022 $211K$224K−$13K$885K 990 PDF
FY2021 Viewing $208K$227K−$18K$898K 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 FY2021 990 (6 parts)
Part I · Summary $208,319 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$3,420
I-9 Program service revenuePrior year $99,999$201,173
I-10 Investment incomePrior year $3,186$3,726
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $103,185$208,319
I-13 Grants and similar amounts paidPrior year $11,025$8,535
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $26,262$76,285
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $86,441$141,830
I-18 Total expensesPrior year $123,728$226,650
I-19 Revenue less expensesPrior year −$20,543−$18,331
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $208,319 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$3,420
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$3,420
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $201,173 · Unrelated business $0 · Excluded from tax $0$201,173
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $3,726 · Excluded from tax $0$3,726
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $201,173 · Unrelated business $3,726 · Excluded from tax $0$208,319
Part IX · Statement of functional expenses $226,650 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $8,535$8,535
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $68,399 · Management $0 · Fundraising $0$68,399
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $7,886 · Management $0 · Fundraising $0$7,886
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $500 · Management $0 · Fundraising $0$500
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $23,581 · Management $0 · Fundraising $0$23,581
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $8,446 · Management $0 · Fundraising $0$8,446
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $9,317 · Management $0 · Fundraising $0$9,317
IX-24 Other expenses (24a–d)Programs $91,167 · Management $0 · Fundraising $0$91,167
IX-24e All other expensesPrograms $8,819 · Management $0 · Fundraising $0$8,819
IX-25 Total functional expensesPrograms $226,650 · Management $0 · Fundraising $0$226,650
Part X · Balance sheet $897,941 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $86,665$65,059
X-2 Savings and temporary cash investmentsStart of year $105,827$109,102
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $723,780$723,780
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $916,272$897,941
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $916,272$897,941
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $916,272$897,941
X-33 Total liabilities and net assetsStart of year $916,272$897,941
Part XI · Reconciliation of net assets $897,941 net assets at year end
XI-1 Total revenue$208,319
XI-2 Total expenses$226,650
XI-3 Revenue less expenses−$18,331
XI-4 Net assets at start of year$916,272
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$897,941

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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