Pi Beta Phi Foundation EIN 43-1542735

Pi Beta Phi Foundation

EIN  43-1542735 Public charity (501(c)(3)) Chesterfield, MO
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/24/26 · see original filing: IRS
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Size
$1–10M
What they do
Funds leadership training, educational scholarships, and literacy initiatives to support the members of Pi Beta Phi fraternity and improve their communities across North America.
Leadership
Jill Carrel · Executive Director · $136K
Money in and out
$4.8M revenue, $5.2M expenses
Bottom line
79% program efficiency

Funds leadership training, educational scholarships, and literacy initiatives to support the members of Pi Beta Phi fraternity and improve their communities across North America. For fiscal year 2025 it reported $4.8M in revenue, $5.2M in expenses, and $37.5M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$4.8M
Pt VIII · Ln 12
Total expenses
$5.2M
Pt IX · Ln 25
Net assets
$37.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$385K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.10 Fundraising $0.11
Program efficiency
79%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
90.7mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▲ +34% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$4.8M
FY2025▲ +5%
Expenses
$5.2M
FY2025▲ +2%
Total assets
$38.2M
FY2025▲ +5%
Total liabilities
$729K
FY2025▲ +22%
Total revenue
$4.8M
Pt VIII · Ln 12
Total expenses
$5.2M
Pt IX · Ln 25
Net assets
$37.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$385K
Total assetsPt X · Ln 16$38.2M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $3.5M of program spending, described in the organization's own filed words · FY2024.
01

Other programs and grant areas for pi beta phi foundation include support for qualified education areas of specific chapter housing campaigns and support for the heritage and history of pi beta phi and women's advancement in higher education, through holt house located in monmouth, il and centennial plaza located in gatlinburg, TN.

$2.4Mprogram expense
02

Pi beta phi has had a focus on philanthropy from the very start. It was the first greek lettered organization to establish its own national philanthropic project with the founding of the pi beta phi settlement school in appalachia (now modern day gatlinburg, TN) in 1912.

$878Kprogram expense
03

Pi beta phi foundation funds a broad array of programs designed to benefit the fraternity, its members and the community at large. Leadership programming educates undergraduate women and alumnae to develop the next generation of leaders equipped to serve their communities and to combat illiteracy, so that pi phi can work towards its…

$269Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPi Beta Phi Foundation
EINHdr · item D43-1542735
Principal addressHdr · item CChesterfield, MO
WebsiteHdr · item Jwww.pibetaphi.org/foundation
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$136,026Pt VII · Sec A
$0Pt VII · Sec A
VP - Development
$0Pt VII · Sec A
VP - Finance
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2022FY2021
Hallee Winnie$164,163$150,348$122,075
Jill Carrel$136,026

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$3.6M · 75%
Investment income$1.4M · 28%
Contributions & grants75%$3.6M
Investment income28%$1.4M
— government grantsLn 1e$199K
Total revenueLn 12$4.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.10 Fundraising $0.11
Program services79%$4.1M
Management & general10%$522K
Fundraising11%$556K
Total functional expensesLn 25$5.2M

Balance Sheet

Part X · end of year
CashLn 1$7.0M
Total assetsLn 16$38.2M
Total liabilitiesLn 26$729K
Total net assetsLn 32$37.5M
Months of cash on handcomputed16.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37.1M · Operating expenses (Pt IX) $5.2M · Less non-cash grants $314K · Cash operating expenses/yr $4.9M
90.7 months
Where the money goes
Program services
Program services $4.1M · Total expenses $5.2M
79%
Management & General
Management & general $522K · Total expenses $5.2M
10%
Fundraising
Fundraising $556K · Total expenses $5.2M
11%
Cost to raise $1
Fundraising expense (2-yr avg) $541K · Solicited contributions (2-yr avg) $3.4M
$0.16 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.6M · Total revenue $4.8M
75%
Government reliance
Government grants $199K · Total revenue $4.8M
4%
Earned-income share
Program service revenue $0 · Total revenue $4.8M
0%
Investment reliance
Investment income $1.4M · Total revenue $4.8M
+28%
Program self-sufficiency
Program service revenue $0 · Total expenses $5.2M
0%
Growth & trend
Revenue growth (YoY)
This year $4.8M · Prior year $4.6M
+5%
Revenue CAGR
FY2020 $4.4M · FY2024 $4.8M
+3%
Net-asset trend (YoY)
End of year $37.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.8M · Expenses $5.2M
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $38.2M
Net-asset ratio
Net assets $37.5M · Total assets $38.2M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $29.9M · Other securities (Pt X, ln 12) $135K · Total assets (Pt X, ln 16) $38.2M
79%
People & payroll
Highest Reported Total Compensation
Individual Jill Carrel · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $136K · Total expenses $5.2M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $806K · Total expenses $5.2M
15%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $60K · Gross raised $217K
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 10%
Fundraising cost ratio 15%
Revenue growth 5%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$300
Grants paid · 83 grants · $9.3M · 2020–2024
Pi Beta Phi FraternityMO · FY2024$397,741
Unitemized GrantFY2024$213,223
Unitemized GrantFY2024$63,300
Unitemized GrantFY2024$51,973
Unitemized GrantFY2024$33,850
Ar Alpha Housing CorpAR · FY2024$27,000
The Leap Frog ProgramFY2024$21,850
University of MississippiMS · FY2024$16,000
Unitemized GrantFY2024$15,900
Indiana UniversityIN · FY2024$11,500
See all 83 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$4.8M revenue · viewing · ⤓ 990 PDF
FY2024$4.6M revenue · ⤓ 990 PDF
FY2023not on file
FY2022$8.1M revenue · ⤓ 990 PDF
FY2021$4.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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