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Phi Kappa Tau Fraternity FY2023 filing

Not tax-deductible

Tallahassee, FL501(c)(7)EIN 59-0633871

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The organization exists to provide educational and social services as well as dues affordable on campus housing and meals for the benefit of the members of the fraternity.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
5 of 5
filings with a surplus
Average surplus $200K a year · 44% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
132 mo
of spending, in cash
Looks good: 132.0 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
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$77K
-89% vs prior year
Spent
$33K
To programs
0%
Net assets
$360K
By yearFY2021–FY2025
Revenue
$77K
FY2023▼ -89%
Revenue by fiscal year
FY2021$570K
FY2022$699K
FY2023$77K
FY2024$444K
FY2025$461K
Expenses
$33K
FY2023▼ -95%
Expenses by fiscal year
FY2021$469K
FY2022$596K
FY2023$33K
FY2024$15K
FY2025$138K
Net assets
$360K
FY2023▼ -30%
Net assets by fiscal year
FY2021$412K
FY2022$515K
FY2023$360K
FY2024$789K
FY2025$781K

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
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 Feb 1941.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Thomas Korge
Director
$0Pt VII · Sec A
Andy Stein
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Phi Kappa Tau Fraternity 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, meals, and educational/social services for fraternity members.

Provided by the organization

This section is blank until Phi Kappa Tau Fraternity claims this page.

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1 program service account for $41K of program spending, described in the organization's own filed words · FY2022.
01

Housing-To provide affordable housing for the fraternity members in close proximity to the University of Florida Campus

$41Kprogram expense

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By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$77K
Ln 12
Fees for servicesLn 2g$72K
Investment incomeLn 3$2K
Gifts and grantsLn 1h$2K
Money outPt IX
$33K
Ln 25
Owns and owesPt X
$360K
net assets · Ln 32
Cash and savingsLn 1–2$360K
Total assetsLn 16$360K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fees for servicesLn 2g$72K
Investment incomeLn 3$2K
Gains on assetsLn 7$0
Total revenueLn 12$77K
Assets in detailPt X, end of year
CashLn 1$296K
SavingsLn 2$64K
Cash and savings togetherLn 1–2$360K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$360K
LiabilitiesLn 26$0
Net assetsLn 32$360K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$515K$360K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$515K$360K
LiabilitiesLn 26$478$0
Net assetsLn 32$515K$360K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$22K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$10K
Other expenses (24a–d)Ln 24$879
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$33K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $461K$138K$323K$781K 990 PDF
FY2024 $444K$15K$429K$789K 990 PDF
FY2023 Viewing $77K$33K$44K$360K 990 PDF
FY2022 $699K$596K$103K$515K 990 PDF
FY2021 $570K$469K$101K$412K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $76,689 across 7 lines filed
VIII-1h Total contributions, gifts and grants$1,880
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $72,450$72,450
VIII-3 Investment incomeRelated to mission $2,359$2,359
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $74,809 · Unrelated business $0 · Excluded from tax $0$76,689
Part IX · Statement of functional expenses $32,710 across 5 lines filed
IX-11g Other fees for services$21,832
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$9,999
IX-24 Other expenses (24a–d)$879
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$32,710
Part X · Balance sheet $359,861 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $453,268$295,627
X-2 Savings and temporary cash investmentsStart of year $61,875$64,234
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $515,143$359,861
X-26 Total liabilitiesStart of year $478$0
X-32 Total net assets or fund balancesStart of year $514,665$359,861
X-33 Total liabilities and net assetsStart of year $515,143$359,861
Part XI · Reconciliation of net assets $359,861 net assets at year end
XI-1 Total revenue$76,689
XI-2 Total expenses$32,710
XI-3 Revenue less expenses$43,979
XI-4 Net assets at start of year$514,665
XI-9 Other changes in net assets−$198,783
XI-10 Net assets at end of year$359,861

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

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