To support the educational programs of the Pi Kappa Phi fraternity in order to assist its student members in achieving superior results in personal development, academics, service and leadership.

501(c)(3) charity; gifts are tax-deductible.
38¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $145K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Plus $12.4M in investments, Pt X · Ln 11–13
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $208K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$73K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+31% vs prior year
Spent
$1.5M
To programs
38%
Net assets
$13.4M
By yearFY2020–FY2024
Revenue
$1.6M
FY2023▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$2.1M
FY2022$1.2M
FY2023$1.6M
FY2024$2.4M
Expenses
$1.5M
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.9M
FY2022$1.3M
FY2023$1.5M
FY2024$1.9M
Net assets
$13.4M
FY2023▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.7M
FY2021$14.1M
FY2022$11.9M
FY2023$13.4M
FY2024$14.4M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2013.

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

Where the money goes

38 cents of each dollar spent went to programs.

Program services 38% · $563K Management & general 26% · $386K Fundraising 36% · $527K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mark Edward Timmes’s $195K as CEO Emeritus is at the 81st percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Pi Kappa Phi Foundation 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

Funds educational programs to help fraternity members excel in personal growth, academics, service, and leadership.

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Provided by the organization

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2 programs · $563K · in their own filed words · FY2023
01

The foundation supports the educational programs of pi kappa phi fraternity through grants.

$563Kprogram expense
02

The foundation awards scholarships annually to help student members achieve academic goals, develop leadership skills and promote service to the community.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 22 grants · $2.8M · 2020–2024
Unitemized GrantFY2024$234,550
Pi Kappa Phi FraternityNC · FY2023$157,610
The Ability ExperienceFY2023$135,732
Unitemized GrantFY2023$124,196
Delta Omega Library GrantFY2023$8,352
Alpha Epsilon Library GrantFY2023$6,524
Unitemized GrantFY2022$194,294
Pi Kappa Phi FraternityNC · FY2022$160,000
The Ability ExperienceNC · FY2022$133,000
Delta Omega Library GrantFY2022$16,957
Alpha Eplison Library GrantFY2022$7,761
Delta Omega Library GrantFY2021$308,558
The Ability ExperienceNC · FY2021$256,480
Pi Kappa Phi FraternityNC · FY2021$180,853
Unitemized GrantFY2021$161,140
Alpha Eplison Library GrantFY2021$79,271
See all 22 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$462K
Money outPt IX
$1.5M
Ln 25
Programscol B$563K
Managementcol C$386K
Fundraisingcol D$527K
Owns and owesPt X
$13.4M
net assets · Ln 32
Cash and savingsLn 1–2$408K
Total assetsLn 16$13.4M
LiabilitiesLn 26$73K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$462K
Gains on assetsLn 7$91K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$408K
Cash and savings togetherLn 1–2$408K
InvestmentsLn 11–13$12.4M
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$121K
Total assetsLn 16$13.4M
LiabilitiesLn 26$73K
Net assetsLn 32$13.4M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$330K$408K
InvestmentsLn 11–13$11.0M$12.4M
Land, buildings, equipmentLn 10c$72K$3K
Total assetsLn 16$12.0M$13.4M
LiabilitiesLn 26$121K$73K
Net assetsLn 32$11.9M$13.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$342K$342K
Grants to domestic individualsLn 2$124K$124K
Other salaries and wagesLn 7$411K$52K$64K$295K
Other employee benefitsLn 9$14K$2K$2K$10K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$116K$116K
Advertising and promotionLn 12$64K$64K
Office expensesLn 13$71K$71K
OccupancyLn 16$101K$42K$59K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$199K$40K$159K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$1.5M$563K$386K$527K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4M$1.9M$499K$14.4M 990 PDF
FY2023 Viewing $1.6M$1.5M$145K$13.4M 990 PDF
FY2022 $1.2M$1.3M−$107K$11.9M 990 PDF
FY2021 $2.1M$1.9M$175K$14.1M 990 PDF
FY2020 $1.2M$1.2M$11K$12.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,621,404 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,007,703$1,159,294
I-9 Program service revenuePrior year $2,845$0
I-10 Investment incomePrior year $227,154$462,110
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,237,702$1,621,404
I-13 Grants and similar amounts paidPrior year $535,762$466,241
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $35,550$425,150
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $773,150$585,315
I-18 Total expensesPrior year $1,344,462$1,476,706
I-19 Revenue less expensesPrior year −$106,760$144,698
Part VI · Governance 23 of 23 board members independent, 1 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,621,404 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,159,294
VIII-1h Total contributions, gifts and grants$1,159,294
VIII-3 Investment incomeExcluded from tax $370,705$370,705
VIII-7 Net gain or loss on sales of assetsRelated to mission $91,405$91,405
VIII-12 Total revenueRelated to mission $91,405 · Unrelated business $0 · Excluded from tax $370,705$1,621,404
Part IX · Statement of functional expenses $1,476,706 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $342,045$342,045
IX-2 Grants to domestic individualsPrograms $124,196$124,196
IX-7 Other salaries and wagesPrograms $52,235 · Management $63,687 · Fundraising $294,762$410,684
IX-9 Other employee benefitsPrograms $2,444 · Management $2,346 · Fundraising $9,676$14,466
IX-11b Legal feesManagement $13,999$13,999
IX-11c Accounting feesManagement $116,332$116,332
IX-12 Advertising and promotionFundraising $64,146$64,146
IX-13 Office expensesManagement $70,778$70,778
IX-16 OccupancyPrograms $42,266 · Management $58,747$101,013
IX-22 Depreciation, depletion and amortizationManagement $4,410$4,410
IX-23 InsuranceManagement $9,474$9,474
IX-24 Other expenses (24a–d)Management $40,428 · Fundraising $158,670$199,098
IX-24e All other expensesManagement $6,065$6,065
IX-25 Total functional expensesPrograms $563,186 · Management $386,266 · Fundraising $527,254$1,476,706
Part X · Balance sheet $13,434,026 assets, 14 lines filed
Asset lines not itemized here account for $81,889; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $330,366$408,197
X-3 Pledges and grants receivableStart of year $359,931$350,825
X-9 Prepaid expenses and deferred chargesStart of year $18,988$31,801
X-10c Land, buildings and equipment, netStart of year $72,059$2,858
X-11 Publicly traded securitiesStart of year $10,973,073$12,437,514
X-15 Other assetsStart of year $116,991$120,942
X-16 Total assetsStart of year $11,975,723$13,434,026
X-17 Accounts payable and accrued expensesStart of year $53,791$72,966
X-25 Other liabilitiesStart of year $66,918$0
X-26 Total liabilitiesStart of year $120,709$72,966
X-27 Net assets without donor restrictionsStart of year $3,344,516$3,157,259
X-28 Net assets with donor restrictionsStart of year $8,510,498$10,203,801
X-32 Total net assets or fund balancesStart of year $11,855,014$13,361,060
X-33 Total liabilities and net assetsStart of year $11,975,723$13,434,026
Part XI · Reconciliation of net assets $13,361,060 net assets at year end
XI-1 Total revenue$1,621,404
XI-2 Total expenses$1,476,706
XI-3 Revenue less expenses$144,698
XI-4 Net assets at start of year$11,855,014
XI-5 Net unrealized gains (losses) on investments$1,361,348
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,361,060

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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