Phi Kappa Tau Fraternity FY2024 filing

Not tax-deductible

Pullman, WA501(c)(7)EIN 91-0365077

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All expenses are related to Fraternity house operations for members of Phi Kappa Tau Fraternity.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $18K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 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
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$36K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$376K
+35% vs prior year
Spent
$379K
To programs
0%
Net assets
$41K
By yearFY2021–FY2025
Revenue
$376K
FY2024▲ +35%
Revenue by fiscal year
FY2021$335K
FY2022$289K
FY2023$278K
FY2024$376K
FY2025$355K
Expenses
$379K
FY2024▲ +30%
Expenses by fiscal year
FY2021$313K
FY2022$403K
FY2023$292K
FY2024$379K
FY2025$336K
Net assets
$41K
FY2024▼ -8%
Net assets by fiscal year
FY2021$173K
FY2022$59K
FY2023$45K
FY2024$41K
FY2025$60K

From the FY2024 Form 990 (year ending June 2024) · see the original

You’re viewing the FY2024 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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$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

Supports fraternity house operations for its members.

Provided by the organization

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

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1 program service, described in the organization's own filed words · FY2023.
01

All expenses are related to fraternity house operations for members of phi kappa tau fraternity.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$376K
Ln 12
Fees for servicesLn 2g$366K
Gifts and grantsLn 1h$8K
Other incomeLn 4–11$2K
Money outPt IX
$379K
Ln 25
Owns and owesPt X
$41K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$77K
LiabilitiesLn 26$36K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Fees for servicesLn 2g$366K
Investment incomeLn 3$3
Other incomeLn 4–11$2K
Total revenueLn 12$376K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
Land, buildings, equipmentLn 10c$70K
Total assetsLn 16$77K
LiabilitiesLn 26$36K
Net assetsLn 32$41K
OperationsPt I, VI
EmployeesI 53
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 FY24End FY24
Cash and savingsLn 1–2$2K$7K
Land, buildings, equipmentLn 10c$78K$70K
Total assetsLn 16$80K$77K
LiabilitiesLn 26$35K$36K
Net assetsLn 32$45K$41K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$51K
Payroll taxesLn 10$5K
Accounting feesLn 11c$15K
Other fees for servicesLn 11g$5K
Advertising and promotionLn 12$497
Office expensesLn 13$114
OccupancyLn 16$116K
Depreciation, depletion and amortizationLn 22$8K
Other expenses (24a–d)Ln 24$150K
All other expensesLn 24e$29K
Total functional expensesLn 25$379K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $355K$336K$19K$60K 990 PDF
FY2024 Viewing $376K$379K−$3K$41K 990 PDF
FY2023 $278K$292K−$14K$45K 990 PDF
FY2022 $289K$403K−$114K$59K 990 PDF
FY2021 $335K$313K$22K$173K 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 $376,003 across 6 lines filed
VIII-1f All other contributions, gifts and grants$8,427
VIII-1h Total contributions, gifts and grants$8,427
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $365,923$365,923
VIII-3 Investment incomeRelated to mission $3$3
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,650$1,650
VIII-12 Total revenueRelated to mission $367,576$376,003
Part IX · Statement of functional expenses $379,387 across 10 lines filed
IX-7 Other salaries and wages$51,428
IX-10 Payroll taxes$5,400
IX-11c Accounting fees$15,116
IX-11g Other fees for services$4,900
IX-12 Advertising and promotion$497
IX-13 Office expenses$114
IX-16 Occupancy$115,806
IX-22 Depreciation, depletion and amortization$7,653
IX-24 Other expenses (24a–d)$149,790
IX-24e All other expenses$28,683
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$379,387
Part X · Balance sheet $77,231 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $2,007$6,737
X-10c Land, buildings and equipment, netStart of year $78,147$70,494
X-16 Total assetsStart of year $80,154$77,231
X-25 Other liabilitiesStart of year $35,326$35,787
X-26 Total liabilitiesStart of year $35,326$35,787
X-27 Net assets without donor restrictionsStart of year $44,828$41,444
X-32 Total net assets or fund balancesStart of year $44,828$41,444
X-33 Total liabilities and net assetsStart of year $80,154$77,231
Part XI · Reconciliation of net assets $41,444 net assets at year end
XI-1 Total revenue$376,003
XI-2 Total expenses$379,387
XI-3 Revenue less expenses−$3,384
XI-4 Net assets at start of year$44,828
XI-10 Net assets at end of year$41,444

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

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