Phi Beta Kappa Foundation FY2023 filing

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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, FY2023. 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.
37¢ of each $1 spent went to programs.
$96K 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

FY2023 · 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
37%
of spending
37% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 15% of spending
Pay to officers and key staff is 15% of spending.
Part VII, Section A
0.5 mo
of spending, in cash
Plus $43.0M in investments, Pt X · Ln 11–13
0.5 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
$1.3M
3% of total assets
Liabilities are 3% of assets.
Pt X · Ln 26
Independent board members
14
of 14 voting members
14 of 14 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.2M
+128% vs prior year
Spent
$635K
To programs
37%
Net assets
$45.4M
By yearFY2020–FY2025
Revenue
$3.2M
FY2023▲ +128%
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
$635K
FY2023▼ -2%
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
$45.4M
FY2023▲ +10%
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 FY2023 Form 990 (year ending July 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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

37 cents of each dollar spent went to programs.

Program services 37% · $232K Management & general 62% · $393K Fundraising 1% · $9K

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

16 people listed on the 990; $96K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Secretary/CEO
$55,769Pt VII · Sec A
COO (thru 9/22)
$39,920Pt 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

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.

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1 program · $232K · in their own filed words · FY2022
01

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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-6063291) · Dispute this line
$232Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$1.8M
Investment incomeLn 3$1.3M
Other incomeLn 4–11$16K
Money outPt IX
$635K
Ln 25
Programscol B$232K
Managementcol C$393K
Fundraisingcol D$9K
Owns and owesPt X
$45.4M
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$46.7M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Investment incomeLn 3$1.3M
Other incomeLn 4–11$16K
Gains on assetsLn 7$719K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$26K
Cash and savings togetherLn 1–2$26K
Pledges and grants receivableLn 3$110K
Prepaid expenses and deferred chargesLn 9$12K
Land, buildings, equipmentLn 10c$3.6M
InvestmentsLn 11–13$43.0M
Total assetsLn 16$46.7M
LiabilitiesLn 26$1.3M
Net assetsLn 32$45.4M
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$201K
Share of the $15.2M endowmentSch D 1g1.3%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$15.2M$12.7M$14.0M$11.6M$11.2M
AddedLn 1b$1.8M
SpentLn 1d–1f$191K$174K$226K$85K$406K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$26K$26K
InvestmentsLn 11–13$38.2M$43.0M
Land, buildings, equipmentLn 10c$3.6M$3.6M
Total assetsLn 16$41.9M$46.7M
LiabilitiesLn 26$775K$1.3M
Net assetsLn 32$41.1M$45.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$151K$151K
Pay of officers and key staff (Part IX, line 5)Ln 5$17K$11K$5K$1K
Other salaries and wagesLn 7$30K$20K$9K$2K
Pension plan contributionsLn 8$4K$3K$1K$267
Payroll taxesLn 10$3K$2K$893$212
Accounting feesLn 11c$52K$52K
Investment management feesLn 11f$201K$201K
Other fees for servicesLn 11g$30K$5K$24K$519
Office expensesLn 13$3K$949$1K$1K
OccupancyLn 16$78K$78K
TravelLn 17$2K$2K$278$400
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$55K$36K$15K$4K
InsuranceLn 23$7K$7K
Total functional expensesLn 25$635K$232K$393K$9K

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
FY2023 ViewingFiled 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
FY2020Filed 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 FY2023 990
Part I · Summary $3,151,297 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,786,625
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,346,935$1,348,914
I-11 Other revenuePrior year $37,300$15,758
I-12 Total revenuePrior year $1,384,235$3,151,297
I-13 Grants and similar amounts paidPrior year $205,950$150,937
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $61,940$54,352
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $377,586$429,609
I-18 Total expensesPrior year $645,476$634,898
I-19 Revenue less expensesPrior year $738,759$2,516,399
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $3,151,297 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,786,625
VIII-1h Total contributions, gifts and grants$1,786,625
VIII-3 Investment incomeExcluded from tax $629,751$629,751
VIII-6 Net rental income or lossExcluded from tax $15,750$15,750
VIII-7 Net gain or loss on sales of assetsExcluded from tax $719,163$719,163
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8$8
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,364,672$3,151,297
Part IX · Statement of functional expenses $634,898 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $150,937$150,937
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $10,955 · Management $4,742 · Fundraising $1,127$16,824
IX-7 Other salaries and wagesPrograms $19,781 · Management $8,562 · Fundraising $2,035$30,378
IX-8 Pension plan contributionsPrograms $2,582 · Management $1,130 · Fundraising $267$3,979
IX-10 Payroll taxesPrograms $2,066 · Management $893 · Fundraising $212$3,171
IX-11c Accounting feesManagement $51,500$51,500
IX-11f Investment management feesManagement $201,482$201,482
IX-11g Other fees for servicesPrograms $5,457 · Management $23,623 · Fundraising $519$29,599
IX-13 Office expensesPrograms $949 · Management $1,066 · Fundraising $1,154$3,169
IX-16 OccupancyManagement $77,694$77,694
IX-17 TravelPrograms $1,819 · Management $278 · Fundraising $400$2,497
IX-19 Conferences, conventions and meetingsPrograms $1,700$1,700
IX-22 Depreciation, depletion and amortizationPrograms $35,787 · Management $15,491 · Fundraising $3,682$54,960
IX-23 InsuranceManagement $7,008$7,008
IX-25 Total functional expensesPrograms $232,033 · Management $393,469 · Fundraising $9,396$634,898
Part X · Balance sheet $46,715,872 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $25,583$26,078
X-3 Pledges and grants receivableStart of year $120,000$110,000
X-9 Prepaid expenses and deferred chargesStart of year $500$12,500
X-10c Land, buildings and equipment, netStart of year $3,583,597$3,603,939
X-11 Publicly traded securitiesStart of year $23,972,329$26,885,329
X-12 Other securitiesStart of year $14,180,636$16,078,026
X-16 Total assetsStart of year $41,882,645$46,715,872
X-17 Accounts payable and accrued expensesStart of year $24,078$28,184
X-25 Other liabilitiesStart of year $750,811$1,267,375
X-26 Total liabilitiesStart of year $774,889$1,295,559
X-27 Net assets without donor restrictionsStart of year $28,430,651$30,242,790
X-28 Net assets with donor restrictionsStart of year $12,677,105$15,177,523
X-32 Total net assets or fund balancesStart of year $41,107,756$45,420,313
X-33 Total liabilities and net assetsStart of year $41,882,645$46,715,872
Part XI · Reconciliation of net assets $45,420,313 net assets at year end
XI-1 Total revenue$3,151,297
XI-2 Total expenses$634,898
XI-3 Revenue less expenses$2,516,399
XI-4 Net assets at start of year$41,107,756
XI-5 Net unrealized gains (losses) on investments$1,796,158
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$45,420,313

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

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