Phi Beta Kappa Foundation FY2020 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $500 a year.

How does your 990 look to donors? Take the 10-Question Audit

Organized for the creation of funds or endowments for the promotion of sound learning through the establishment of fellowships, awards & similar items.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-6063291) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
$116K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $1.5M a year · 51% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
59%
of spending
59% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$116K
to officers and key staff · 9% of spending
Pay to officers and key staff is 9% of spending.
Part VII, Section A
3.4 mo
of spending, in cash
Plus $33.5M in investments, Pt X · Ln 11–13
3.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $44
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$683K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$593K
Spent
$1.3M
To programs
59%
Net assets
$37.1M
By yearFY2020–FY2025
Revenue
$593K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$593K
FY2021$4.3M
FY2022$1.4M
FY2023$3.2M
FY2024$4.4M
FY2025$3.5M
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$621K
FY2022$645K
FY2023$635K
FY2024$2.5M
FY2025$2.6M
Net assets
$37.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$37.1M
FY2021$45.5M
FY2022$41.1M
FY2023$45.4M
FY2024$47.7M
FY2025$49.7M

From the FY2020 Form 990 (year ending July 2020) · figures checked against the IRS filing · see the original

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 Aug 1928.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $800K Management & general 39% · $532K Fundraising 1% · $17K

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

Something off? Claim to add context

Who runs it and what they're paid

21 people listed on the 990; $116K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Secretary/CEO
$44,201Pt VII · Sec A
Associate Secretary/Chief Operating Officer
$36,584Pt VII · Sec A
Controller
$34,841Pt VII · Sec A
$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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Fredrick Lawrence$64,709$60,258$55,769———
Frederick Lawrence———$55,990$48,942$44,201
Evagren Caldera——$39,920$26,316$44,049$36,584
Amy Mulnix$37,540$35,833————
Margaret Farr—————$34,841

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.

See Phi Beta Kappa Foundation 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 15aYes

Programs and updates

Funds scholarships and awards to promote learning.

Questions for Phi Beta Kappa Foundation

Tap to ask. Phi Beta Kappa Foundation sees how many people are interested.

Your first name shows with your question. Phi Beta Kappa Foundation answers here, for everyone.

2 programs · $800K · in their own filed words · FY2019
01

Grant provided to the phi beta kappa society, the foundation's supported 501(c)(3) organization, for general operational purposes.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-6063291) · Dispute this line
$701Kprogram expense
02

Awards and Fellowships

The mary isabel sibley fellowship is awarded to women scholars every year, alternating between greek and french. The walter j. Jensen fellowship is awarded for at least six months of study in france. The purpose of the fellowship is to help educators and researchers improve education in standard french language, literature, and culture.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-6063291) · Dispute this line
$99Kprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$44
Grants paid · 44 grants · $4.9M · 2019–2024
The Phi Beta Kappa SocietyDC · FY2024$1,200,000
Unitemized GrantFY2024$203,000
Unitemized GrantFY2024$80,000
Unitemized GrantFY2024$50,000
Unitemized GrantFY2024$42,480
Unitemized GrantFY2024$32,500
Unitemized GrantFY2024$27,500
Unitemized GrantFY2024$10,000
Unitemized GrantFY2024$5,500
Unitemized GrantFY2024$2,250
Unitemized GrantFY2024$2,250
The Phi Beta Kappa SocietyDC · FY2023$1,574,010
Unitemized GrantFY2023$217,700
Unitemized GrantFY2023$65,550
Unitemized GrantFY2023$50,000
Unitemized GrantFY2023$30,000
Unitemized GrantFY2023$7,500
Unitemized GrantFY2023$2,200
See all 44 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$593K
Ln 12
Investment incomeLn 3$572K
Other incomeLn 4–11$21K
Money outPt IX
$1.3M
Ln 25
Programscol B$800K
Managementcol C$532K
Fundraisingcol D$17K
Owns and owesPt X
$37.1M
net assets · Ln 32
Cash and savingsLn 1–2$386K
Total assetsLn 16$37.8M
LiabilitiesLn 26$683K
PeoplePt VI, VII
21
listed · VII A
PaidVII A3
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$572K
Other incomeLn 4–11$21K
Gains on assetsLn 7$66K
Total revenueLn 12$593K
Assets in detailPt X, end of year
CashLn 1$386K
Cash and savings togetherLn 1–2$386K
Pledges and grants receivableLn 3$150K
Prepaid expenses and deferred chargesLn 9$12K
Land, buildings, equipmentLn 10c$3.7M
InvestmentsLn 11–13$33.5M
Total assetsLn 16$37.8M
LiabilitiesLn 26$683K
Net assetsLn 32$37.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$142K
Share of the $11.6M endowmentSch D 1g1.2%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$11.6M$11.2M$11.4M$11.0M$10.3M
AddedLn 1b$250K
SpentLn 1d–1f$85K$406K$457K$351K$164K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.1M$386K
InvestmentsLn 11–13$31.5M$33.5M
Land, buildings, equipmentLn 10c$3.8M$3.7M
Total assetsLn 16$37.6M$37.8M
LiabilitiesLn 26$801K$683K
Net assetsLn 32$36.8M$37.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$701K$701K
Grants to domestic individualsLn 2$55K$55K
Pay of officers and key staff (Part IX, line 5)Ln 5$96K$17K$69K$11K
Pension plan contributionsLn 8$292$51$207$34
Other employee benefitsLn 9$3K$488$2K$320
Payroll taxesLn 10$6K$987$4K$666
Accounting feesLn 11c$101K$101K
Investment management feesLn 11f$142K$20K$121K
Other fees for servicesLn 11g$995$995
TravelLn 17$6K$4K$110$1K
Conferences, conventions and meetingsLn 19$4K$2K$737$2K
Depreciation, depletion and amortizationLn 22$70K$70K
Other expenses (24a–d)Ln 24$158K−$939$158K$2K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$1.3M$800K$532K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 15, 2026 $3.5M$2.6M$812K$49.7M 990 PDF
FY2024Filed with the IRS Jun 16, 2025 $4.4M$2.5M$1.9M$47.7M 990 PDF
FY2023Filed with the IRS Jun 17, 2024 $3.2M$635K$2.5M$45.4M 990 PDF
FY2022 $1.4M$645K$739K$41.1M 990 PDF
FY2021Filed with the IRS Jun 10, 2022 $4.3M$621K$3.7M$45.5M 990 PDF
FY2020 ViewingFiled with the IRS Jun 1, 2021 $593K$1.3M−$755K$37.1M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $593,261 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $674,100$571,871
I-11 Other revenuePrior year $2,789$21,390
I-12 Total revenuePrior year $676,889$593,261
I-13 Grants and similar amounts paidPrior year $1,277,617$755,979
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $187,741$105,183
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $467,941$487,185
I-18 Total expensesPrior year $1,933,299$1,348,347
I-19 Revenue less expensesPrior year −$1,256,410−$755,086
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $593,261 across 4 lines filed
VIII-3 Investment incomeUnrelated business $14,972 · Excluded from tax $490,998$505,970
VIII-6 Net rental income or lossExcluded from tax $21,390$21,390
VIII-7 Net gain or loss on sales of assetsExcluded from tax $65,901$65,901
VIII-12 Total revenueRelated to mission $0 · Unrelated business $14,972 · Excluded from tax $578,289$593,261
Part IX · Statement of functional expenses $1,348,347 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $700,666$700,666
IX-2 Grants to domestic individualsPrograms $55,313$55,313
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $16,678 · Management $68,537 · Fundraising $11,039$96,254
IX-8 Pension plan contributionsPrograms $51 · Management $207 · Fundraising $34$292
IX-9 Other employee benefitsPrograms $488 · Management $1,887 · Fundraising $320$2,695
IX-10 Payroll taxesPrograms $987 · Management $4,289 · Fundraising $666$5,942
IX-11c Accounting feesManagement $100,959$100,959
IX-11f Investment management feesPrograms $20,404 · Management $121,326$141,730
IX-11g Other fees for servicesManagement $995$995
IX-17 TravelPrograms $4,336 · Management $110 · Fundraising $1,388$5,834
IX-19 Conferences, conventions and meetingsPrograms $1,870 · Management $737 · Fundraising $1,739$4,346
IX-22 Depreciation, depletion and amortizationManagement $70,500$70,500
IX-24 Other expenses (24a–d)Programs −$939 · Management $157,601 · Fundraising $1,621$158,283
IX-24e All other expensesManagement $4,538$4,538
IX-25 Total functional expensesPrograms $799,854 · Management $531,686 · Fundraising $16,807$1,348,347
Part X · Balance sheet $37,754,258 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,104,375$386,417
X-3 Pledges and grants receivableStart of year $150,000$150,000
X-9 Prepaid expenses and deferred chargesStart of year $12,500$12,500
X-10c Land, buildings and equipment, netStart of year $3,776,027$3,698,972
X-11 Publicly traded securitiesStart of year $20,367,300$21,382,210
X-12 Other securitiesStart of year $11,159,209$12,124,159
X-16 Total assetsStart of year $37,569,411$37,754,258
X-17 Accounts payable and accrued expenses$3,050
X-25 Other liabilitiesStart of year $800,655$679,933
X-26 Total liabilitiesStart of year $800,655$682,983
X-27 Net assets without donor restrictionsStart of year $25,610,856$25,510,670
X-28 Net assets with donor restrictionsStart of year $11,157,900$11,560,605
X-32 Total net assets or fund balancesStart of year $36,768,756$37,071,275
X-33 Total liabilities and net assetsStart of year $37,569,411$37,754,258
Part XI · Reconciliation of net assets $37,071,275 net assets at year end
XI-1 Total revenue$593,261
XI-2 Total expenses$1,348,347
XI-3 Revenue less expenses−$755,086
XI-4 Net assets at start of year$36,768,756
XI-5 Net unrealized gains (losses) on investments$1,057,606
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$37,071,275

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

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.