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.
67¢ of each $1 spent went to programs.
$415K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$415K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
10 mo
of spending, in cash
Plus $16.2M in investments, Pt X · Ln 11–13
Looks good: 10.5 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
$852K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
Spent
$2.5M
To programs
67%
Net assets
$19.9M
By yearFY2020–FY2024
Revenue
$2.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$6.5M
FY2022$2.6M
FY2023$4.6M
FY2024$27.2M
Expenses
$2.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.1M
FY2022$2.7M
FY2023$3.2M
FY2024$4.3M
Net assets
$19.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$19.9M
FY2021$24.0M
FY2022$21.1M
FY2023$24.5M
FY2024$38.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jun 1950.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $1.7M Management & general 17% · $415K Fundraising 17% · $420K

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

19 people listed on the 990; $415K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$230,650Pt VII · Sec A
Chief Development Officer
$137,100Pt VII · Sec A
Chief Operation Officer
$47,450Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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.

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Provided by the organization

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3 programs · $1.7M · in their own filed words · FY2020
01

GRANTS/SCHOLARSHIPS/AWARDSTHE pi kappa alpha foundation helped promote excellence in education and leadership by providing 192 individual scholarships for academic AND/OR leadership accomplishment, and 113 grants in support of educational programming and events.

$1.2Mprogram 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.

$475Kprogram 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…

$30Kprogram 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 · 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$2.3M
Investment incomeLn 3$339K
Other incomeLn 4–11$109K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.7M
Managementcol C$415K
Fundraisingcol D$420K
Owns and owesPt X
$19.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$20.7M
LiabilitiesLn 26$852K
PeoplePt VI, VII
19
listed · VII A
PaidVII A3
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$127K
Investment incomeLn 3$339K
Other incomeLn 4–11$109K
Gains on assetsLn 7$143K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$16.2M
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$20.7M
LiabilitiesLn 26$852K
Net assetsLn 32$19.9M
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 FY20End FY20
Cash and savingsLn 1–2$1.9M$2.2M
InvestmentsLn 11–13$14.3M$16.2M
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$18.8M$20.7M
LiabilitiesLn 26$901K$852K
Net assetsLn 32$17.9M$19.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$889K$889K
Grants to domestic individualsLn 2$265K$265K
Pay of current officers, directors and key staffLn 5$464K$116K$157K$191K
Other salaries and wagesLn 7$246K$52K$74K$119K
Pension plan contributionsLn 8$17K$4K$5K$8K
Other employee benefitsLn 9$10K$2K$3K$5K
Payroll taxesLn 10$46K$11K$15K$20K
Legal feesLn 11b$19K$19K
Accounting feesLn 11c$93K$23K$70K
Professional fundraising feesLn 11e$13K$13K
Other fees for servicesLn 11g$84K$28K$56K
Advertising and promotionLn 12$31K$31K
Office expensesLn 13$14K$13K$2K
Information technologyLn 14$15K$15K
OccupancyLn 16$118K$105K$13K
TravelLn 17$13K$3K$4K$6K
Conferences, conventions and meetingsLn 19$6K$6K
Depreciation, depletion and amortizationLn 22$115K$102K$13K
InsuranceLn 23$20K$10K$10K
Other expenses (24a–d)Ln 24$2K$2K
All other expensesLn 24e$15K$15K
Total functional expensesLn 25$2.5M$1.7M$415K$420K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $2.8M$2.5M$298K$19.9M 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 J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,792,249 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,292,592$2,344,412
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,179,669$339,142
I-11 Other revenuePrior year $74,500$108,695
I-12 Total revenuePrior year $4,546,761$2,792,249
I-13 Grants and similar amounts paidPrior year $1,305,906$1,153,757
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $952,191$782,754
I-16a Professional fundraising feesPrior year $13,052$12,575
I-17 Other expensesPrior year $697,754$545,232
I-18 Total expensesPrior year $2,968,903$2,494,318
I-19 Revenue less expensesPrior year $1,577,858$297,931
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 $2,792,249 across 7 lines filed
VIII-1e Government grants$126,577
VIII-1f All other contributions, gifts and grants$2,217,835
VIII-1h Total contributions, gifts and grants$2,344,412
VIII-3 Investment incomeExcluded from tax $196,434$196,434
VIII-6 Net rental income or lossRelated to mission $108,695$108,695
VIII-7 Net gain or loss on sales of assetsExcluded from tax $142,708$142,708
VIII-12 Total revenueRelated to mission $108,695 · Unrelated business $0 · Excluded from tax $339,142$2,792,249
Part IX · Statement of functional expenses $2,494,318 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $888,523$888,523
IX-2 Grants to domestic individualsPrograms $265,234$265,234
IX-5 Pay of current officers, directors and key staffPrograms $115,876 · Management $157,379 · Fundraising $191,050$464,305
IX-7 Other salaries and wagesPrograms $52,065 · Management $74,145 · Fundraising $119,472$245,682
IX-8 Pension plan contributionsPrograms $3,818 · Management $5,364 · Fundraising $8,246$17,428
IX-9 Other employee benefitsPrograms $1,868 · Management $2,711 · Fundraising $4,974$9,553
IX-10 Payroll taxesPrograms $10,796 · Management $14,876 · Fundraising $20,114$45,786
IX-11b Legal feesPrograms $18,509$18,509
IX-11c Accounting feesPrograms $23,325 · Management $69,975$93,300
IX-11e Professional fundraising feesFundraising $12,575$12,575
IX-11g Other fees for servicesManagement $28,077 · Fundraising $55,715$83,792
IX-12 Advertising and promotionPrograms $30,910$30,910
IX-13 Office expensesPrograms $12,756 · Management $1,577$14,333
IX-14 Information technologyManagement $14,508$14,508
IX-16 OccupancyPrograms $104,609 · Management $12,929$117,538
IX-17 TravelPrograms $3,156 · Management $4,348 · Fundraising $5,878$13,382
IX-19 Conferences, conventions and meetingsManagement $6,067$6,067
IX-22 Depreciation, depletion and amortizationPrograms $102,154 · Management $12,626$114,780
IX-23 InsurancePrograms $10,245 · Management $10,238$20,483
IX-24 Other expenses (24a–d)Fundraising $2,365$2,365
IX-24e All other expensesPrograms $15,265$15,265
IX-25 Total functional expensesPrograms $1,659,109 · Management $414,820 · Fundraising $420,389$2,494,318
Part X · Balance sheet $20,747,146 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,886,618$2,187,764
X-3 Pledges and grants receivableStart of year $1,178,622$1,007,706
X-10c Land, buildings and equipment, netStart of year $1,433,568$1,321,013
X-11 Publicly traded securitiesStart of year $13,570,726$15,504,394
X-12 Other securitiesStart of year $755,718$726,269
X-16 Total assetsStart of year $18,825,252$20,747,146
X-17 Accounts payable and accrued expensesStart of year $534,124$518,186
X-25 Other liabilitiesStart of year $367,026$333,409
X-26 Total liabilitiesStart of year $901,150$851,595
X-27 Net assets without donor restrictionsStart of year $1,971,170$2,443,757
X-28 Net assets with donor restrictionsStart of year $15,952,932$17,451,794
X-32 Total net assets or fund balancesStart of year $17,924,102$19,895,551
X-33 Total liabilities and net assetsStart of year $18,825,252$20,747,146
Part XI · Reconciliation of net assets $19,895,551 net assets at year end
XI-1 Total revenue$2,792,249
XI-2 Total expenses$2,494,318
XI-3 Revenue less expenses$297,931
XI-4 Net assets at start of year$17,924,102
XI-5 Net unrealized gains (losses) on investments$1,673,518
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,895,551

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

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