Pi Kappa Alpha Fraternity FY2020 filing

IRS exemption revoked

Oxford, MSUnknown exempt organization EIN 64-0355820Revenue $600K in FY2020

On file with the IRSolemisspikes.orgPost Office Box 893 · Oxford, MS

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College social Fraternity

Mission: Form 990 Part I, line 1

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $40K a year · 7% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$29K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$600K
Spent
$563K
To programs
0%
Net assets
$315K
By yearFY2020–FY2021
Revenue
$600K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$600K
FY2021$578K
Expenses
$563K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$563K
FY2021$536K
Net assets
$315K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$315K
FY2021$357K

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2024
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Pi Kappa Alpha 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

Pi Kappa Alpha Fraternity is a nonprofit organization based in Oxford, MS.

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Provided by the organization

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1 program · in their own filed words · FY2019
01

College fraternal organization providing housing, meals, social activities and leadership development for approximately 100 college students.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$600K
Ln 12
Fees for servicesLn 2g$600K
Money outPt IX
$563K
Ln 25
Owns and owesPt X
$315K
net assets · Ln 32
Cash and savingsLn 1–2$148K
Total assetsLn 16$344K
LiabilitiesLn 26$29K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$600K
Total revenueLn 12$600K
Assets in detailPt X, end of year
CashLn 1$148K
Cash and savings togetherLn 1–2$148K
Land, buildings, equipmentLn 10c$133K
Other assetsLn 15$63K
Total assetsLn 16$344K
LiabilitiesLn 26$29K
Net assetsLn 32$315K
OperationsPt I, VI
EmployeesI 56
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 FY20End FY20
Cash and savingsLn 1–2$86K$148K
Land, buildings, equipmentLn 10c$144K$133K
Total assetsLn 16$280K$344K
LiabilitiesLn 26$3K$29K
Net assetsLn 32$277K$315K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K
Other salaries and wagesLn 7$113K
Accounting feesLn 11c$4K
Office expensesLn 13$2K
OccupancyLn 16$40K
TravelLn 17$3K
Depreciation, depletion and amortizationLn 22$12K
InsuranceLn 23$13K
Other expenses (24a–d)Ln 24$262K
All other expensesLn 24e$109K
Total functional expensesLn 25$563K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $578K$536K$42K$357K 990 PDF
FY2020 Viewing $600K$563K$37K$315K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $600,262 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $727,045$600,262
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $727,045$600,262
I-13 Grants and similar amounts paidPrior year $15,050$6,006
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $139,636$112,943
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $533,906$443,829
I-18 Total expensesPrior year $688,592$562,778
I-19 Revenue less expensesPrior year $38,453$37,484
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $600,262 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $600,262$600,262
VIII-12 Total revenueRelated to mission $600,262$600,262
Part IX · Statement of functional expenses $562,778 across 10 lines filed
IX-1 Grants to domestic organizations$6,006
IX-7 Other salaries and wages$112,943
IX-11c Accounting fees$3,600
IX-13 Office expenses$1,712
IX-16 Occupancy$39,713
IX-17 Travel$2,522
IX-22 Depreciation, depletion and amortization$11,501
IX-23 Insurance$13,065
IX-24 Other expenses (24a–d)$262,466
IX-24e All other expenses$109,250
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$562,778
Part X · Balance sheet $344,097 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $86,185$148,466
X-9 Prepaid expenses and deferred chargesStart of year $500$500
X-10c Land, buildings and equipment, netStart of year $144,028$132,527
X-15 Other assetsStart of year $49,700$62,604
X-16 Total assetsStart of year $280,413$344,097
X-24 Unsecured notes and loans payable$26,200
X-25 Other liabilitiesStart of year $2,920$2,920
X-26 Total liabilitiesStart of year $2,920$29,120
X-32 Total net assets or fund balancesStart of year $277,493$314,977
X-33 Total liabilities and net assetsStart of year $280,413$344,097
Part XI · Reconciliation of net assets $314,977 net assets at year end
XI-1 Total revenue$600,262
XI-2 Total expenses$562,778
XI-3 Revenue less expenses$37,484
XI-4 Net assets at start of year$277,493
XI-10 Net assets at end of year$314,977

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

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