Pi Kappa Alpha Foundation

Tax-deductible

Memphis, TN501(c)(3)Since 1948EducationEIN 62-6039877

Pi kappa alpha foundation is a 501(c)(3) not-for-profit formed as a public educational foundation. IT was established in 1948 to collect, manage and preserve historical artifacts for pi kappa alpha chapters and has expanded to include public record keeping of a gold star memorial, ownership of a memorial museum and library in memphis, tennessee, and to aid, promote and contribute to the educational and scholastic achievements of pi kappa alpha members and other students across north america. The foundation provides funds for a variety of programs and services which assist college students in meeting their educational and personal development objectives through scholarships, grants and program assistance. The foundation serves as the primary charitable arm of the pi kappa alpha fraternity.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Run by 20 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 $5.8M a year · 66% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$526K
to officers and key staff · 12% of spending
Top officer’s pay higher than 53% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $4K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$790K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27.2M
+485% vs prior year
Spent
$4.3M
To programs
54%
Net assets
$38.8M
By yearFY2020–FY2024
Revenue
$27.2M
FY2024▲ +485%
Revenue by fiscal year
FY2020$2.8M
FY2021$6.5M
FY2022$2.6M
FY2023$4.6M
FY2024$27.2M
Expenses
$4.3M
FY2024▲ +37%
Expenses by fiscal year
FY2020$2.5M
FY2021$2.1M
FY2022$2.7M
FY2023$3.2M
FY2024$4.3M
Net assets
$38.8M
FY2024▲ +58%
Net assets by fiscal year
FY2020$19.9M
FY2021$24.0M
FY2022$21.1M
FY2023$24.5M
FY2024$38.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1950.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $2.3M Management & general 20% · $878K Fundraising 26% · $1.1M

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

Who runs it and what they're paid

16 people listed on the 990; $526K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$249,892Pt VII · Sec A
Chief Development Officer
$174,520Pt VII · Sec A
VP Development
$101,346Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Steven S Vincent’s $250K as Chief Executive Officer is at the 53rd percentile of top reported officer pay among 3683 $10–100M 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.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
N Ryan Flickinger———$266,468$230,650
Steven S Vincent$249,892$220,670$190,000——
Ryan C Collett$174,520$168,535$138,000$132,750$137,100
Samir Hafiz$101,346————
Benjamin D Boden————$47,450

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 Pi Kappa Alpha 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 15aYes

Programs and updates

Preserves history, maintains a museum, and funds scholarships for students.

Provided by the organization

This section is blank until Pi Kappa Alpha Foundation claims this page.

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3 program services account for $2.3M of program spending, described in the organization's own filed words · FY2024.
01

GRANTS/SCHOLARSHIPS/AWARDS The Pi Kappa Alpha Foundation helped promote excellence in education and leadership by providing 107 individual scholarships for academic and/or leadership accomplishment, and 130 grants in support of educational programming and events.

$1.8Mprogram expense
02

Maintenance of War Memorial Headquarters

To maintain a permanent memorial for members of the Pi Kappa Alpha Fraternity who gave their lives in military service. To preserve books, documents, war records and works of art for the encouragement of patriotic and historical research, particularly as to the history of education and educational institutions.

$589Kprogram expense
03

PUBLICATIONS & PROGRAMMING The Pi Kappa Alpha Foundation helps to fund several educational publications on an annual basis: Shield & Diamond magazine which is distributed four times per year to more than 20,000 people for informational and instructional purposes; PIKE University leadership training handbooks and a digital historical…

$2Kprogram expense

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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 · FY2025
Total grants receivedfrom 2 funders$4K
Grants paid · 24 grants · $3.3M · 2020–2024
Pike University INCTN · FY2024$429,257
Pi Kappa Alpha UnionWI · FY2024$424,012
Unitemized GrantFY2024$257,819
Gamma Chi Alumni AssociationOK · FY2024$111,103
Oak Service CorporationTN · FY2024$89,850
Alpha Eta House CorporationFL · FY2024$58,432
Gamma Chi Alumni AssociationOK · FY2024$20,000
Epsilon Epsilon ChapterOH · FY2024$11,763
Pi Kappa Alpha FraternityFL · FY2024$5,668
Delta Kappa ChapterFY2024$5,217
Pike University INCTN · FY2023$370,717
Unitemized GrantFY2023$261,104
Oak Service CorporationTN · FY2023$100,976
Alpha Eta House CorporationLA · FY2023$80,688
See all 24 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$27.2M
Ln 12
Gifts and grantsLn 1h$16.1M
Investment incomeLn 3$11.0M
Other incomeLn 4–11$111K
Money outPt IX
$4.3M
Ln 25
Programscol B$2.3M
Managementcol C$878K
Fundraisingcol D$1.1M
Owns and owesPt X
$38.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$39.6M
LiabilitiesLn 26$790K
PeoplePt VI, VII
16
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.1M
Noncash giftsLn 1g$240K
Investment incomeLn 3$11.0M
Other incomeLn 4–11$111K
Gains on assetsLn 7$10.2M
Total revenueLn 12$27.2M
Assets in detailPt X, end of year
SavingsLn 2$3.9M
Cash and savings togetherLn 1–2$3.9M
InvestmentsLn 11–13$30.5M
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$0
Total assetsLn 16$39.6M
LiabilitiesLn 26$790K
Net assetsLn 32$38.8M
OperationsPt I, VI
EmployeesI 510
VolunteersI 620
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 FY24End FY24
Cash and savingsLn 1–2$2.8M$3.9M
InvestmentsLn 11–13$19.6M$30.5M
Land, buildings, equipmentLn 10c$1.2M$1.3M
Total assetsLn 16$25.2M$39.6M
LiabilitiesLn 26$715K$790K
Net assetsLn 32$24.5M$38.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.5M$1.5M
Grants to domestic individualsLn 2$258K$258K
Pay of current officers, directors and key staffLn 5$447K$101K$145K$201K
Other salaries and wagesLn 7$756K$70K$354K$333K
Other employee benefitsLn 9$37K$7K$13K$18K
Payroll taxesLn 10$77K$14K$26K$37K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$174K$52K$122K
Professional fundraising feesLn 11e$364K$364K
Other fees for servicesLn 11g$43K$0$39K$4K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$39K$35K$4K
Information technologyLn 14$35K$35K
OccupancyLn 16$152K$135K$17K
TravelLn 17$280K$50K$95K$135K
Conferences, conventions and meetingsLn 19$5K$5K
Depreciation, depletion and amortizationLn 22$93K$83K$10K
InsuranceLn 23$31K$18K$13K
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$4.3M$2.3M$878K$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $27.2M$4.3M$22.9M$38.8M 990 PDF
FY2023 $4.6M$3.2M$1.5M$24.5M 990 PDF
FY2022 $2.6M$2.7M−$58K$21.1M 990 PDF
FY2021 $6.5M$2.1M$4.4M$24.0M 990 PDF
FY2020 $2.8M$2.5M$298K$19.9M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $27,195,875 across 9 lines filed
VIII-1f All other contributions, gifts and grants$16,124,470
VIII-1g Noncash contributions (included above)$240,233
VIII-1h Total contributions, gifts and grants$16,124,470
VIII-3 Investment incomeUnrelated business $3,604 · Excluded from tax $763,685$767,289
VIII-6 Net rental income or lossRelated to mission $109,863$109,863
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,193,486$10,193,486
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $767$767
VIII-12 Total revenueRelated to mission $109,863 · Unrelated business $3,604 · Excluded from tax $10,957,938$27,195,875
Part IX · Statement of functional expenses $4,324,935 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $1,494,038$1,494,038
IX-2 Grants to domestic individualsPrograms $257,819$257,819
IX-5 Pay of current officers, directors and key staffPrograms $100,647 · Management $145,379 · Fundraising $201,294$447,320
IX-7 Other salaries and wagesPrograms $69,601 · Management $353,746 · Fundraising $333,134$756,481
IX-9 Other employee benefitsPrograms $6,594 · Management $12,600 · Fundraising $17,788$36,982
IX-10 Payroll taxesPrograms $13,708 · Management $26,192 · Fundraising $36,977$76,877
IX-11b Legal feesPrograms $25,171$25,171
IX-11c Accounting feesPrograms $52,274 · Management $121,974$174,248
IX-11e Professional fundraising feesFundraising $363,908$363,908
IX-11g Other fees for servicesPrograms $0 · Management $39,056 · Fundraising $4,209$43,265
IX-12 Advertising and promotionPrograms $2,276$2,276
IX-13 Office expensesPrograms $34,595 · Management $4,276$38,871
IX-14 Information technologyManagement $35,370$35,370
IX-16 OccupancyPrograms $135,022 · Management $16,688$151,710
IX-17 TravelPrograms $49,956 · Management $95,457 · Fundraising $134,768$280,181
IX-19 Conferences, conventions and meetingsManagement $4,774$4,774
IX-22 Depreciation, depletion and amortizationPrograms $82,883 · Management $10,244$93,127
IX-23 InsurancePrograms $18,211 · Management $12,719$30,930
IX-24 Other expenses (24a–d)Fundraising $11,587$11,587
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $2,342,795 · Management $878,475 · Fundraising $1,103,665$4,324,935
Part X · Balance sheet $39,557,287 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,763,875$3,879,624
X-3 Pledges and grants receivableStart of year $1,713,654$3,780,873
X-4 Accounts receivableStart of year $36$84,172
X-10c Land, buildings and equipment, netStart of year $1,171,214$1,343,496
X-11 Publicly traded securitiesStart of year $18,765,495$29,592,835
X-12 Other securitiesStart of year $832,107$876,287
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $25,246,381$39,557,287
X-17 Accounts payable and accrued expensesStart of year $630,808$767,886
X-25 Other liabilitiesStart of year $83,962$22,012
X-26 Total liabilitiesStart of year $714,770$789,898
X-27 Net assets without donor restrictionsStart of year $4,475,336$6,582,549
X-28 Net assets with donor restrictionsStart of year $20,056,275$32,184,840
X-32 Total net assets or fund balancesStart of year $24,531,611$38,767,389
X-33 Total liabilities and net assetsStart of year $25,246,381$39,557,287
Part XI · Reconciliation of net assets $38,767,389 net assets at year end
XI-1 Total revenue$27,195,875
XI-2 Total expenses$4,324,935
XI-3 Revenue less expenses$22,870,940
XI-4 Net assets at start of year$24,531,611
XI-5 Net unrealized gains (losses) on investments−$8,635,162
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$38,767,389

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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