2024-02-26T08:27:38-06:00 2023-05-31 273858252 DEAN DORTON ALLEN FORD PLLC 5975 CASTLE CREEK PARKWAY N DR STE 400 INDIANAPOLIS IN 46250 990 2022-06-01 362362161 PHI KAPPA PSI FRATERNITY PHIK 3176321852 5395 EMERSON WAY INDIANAPOLIS IN 46226 CHARLES BRANDMAN TREASURER 3176321852 2024-02-15 1 CHARLES BRANDMAN 999009999 0 MICHELLE SINER P00050193 3174690169 2024-02-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT MARCHESANI 5395 EMERSON WAY INDIANAPOLIS IN 46226 3866063 0 X HTTP://WWW.PHIKAPPAPSI.COM/ X 1987 IN THE ORGANIZATION IS AN ASSOCIATION OF MEN OF INTEGRITY WHO STRIVE TO DEVELOP THE INDIVIDUAL IN HIS INTELLECT, IN HIS INVOLVEMENT IN THE COMMUNITY, AND IN HIS FAITH. 10 10 19 100 83866 0 9744 17439 3521201 3728902 19665 26232 27150 17197 3577760 3789770 0 0 0 0 939534 1025425 0 0 0 2280601 2532687 3220135 3558112 357625 231658 3086235 3856663 811409 1322403 2274826 2534260 THE ORGANIZATION IS AN ASSOCIATION OF MEN OF INTEGRITY WHO STRIVE TO DEVELOP THE INDIVIDUAL IN HIS INTELLECT, IN HIS INVOLVEMENT IN THE COMMUNITY, AND IN HIS FAITH. 0 0 GENERAL MANAGEMENT AND EDUCATIONAL SERVICES OF 100 CHAPTERS AND THOSE EXPENDITURES RELATING TO THE ADMINISTRATION AND EDUCATION OF APPROXIMATELY 98,148 MEMBERS. PUBLICATION EXPENDITURES FOR THE PROMOTION OF CITIZENSHIP, LEADERSHIP, AND SCHOLASTIC ACHIEVEMENT OF THE UNDERGRADUATE AND ALUMNI MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 19 1 1 1 0 0 0 0 524250 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X X RON RANSOM 3176321852 5395 EMERSON WAY INDIANAPOLIS IN 46226 ROBERT MARCHESANI PRESIDENT 10.00 X X 0 0 0 MARC DUMAS VICE PRESIDENT 10.00 X X 0 0 0 CHARLES BRANDMAN TREASURER 10.00 X X 0 0 0 CHRIS WHEELER SECRETARY 10.00 X X 0 0 0 JOHN KALINA ARCHON 10.00 X 0 0 0 PHILIPPE BOULAS ARCHON 10.00 X 0 0 0 SAM WERTZ ARCHON 10.00 X 0 0 0 BRENDAN LOHAN ARCHON 10.00 X 0 0 0 JACOB RYAN ARCHON 10.00 X 0 0 0 CONNOR YOWELL ARCHON 10.00 X 0 0 0 RON RANSOM EXECUTIVE DIRECTOR 75.00 X 125186 0 6589 125186 0 6589 1 0 0 0 0 17439 17439 CHAPTER SERVICE FEES 611710 1674968 1674968 LIABILITY INSURANCE PR 611710 1088624 1088624 MEMBERSHIP DUES & ASSE 611710 798891 798891 GRAND ARCH COUNCIL CON 611710 166419 166419 3728902 26125 26125 57634 57634 24636 24529 107 107 107 8417 51764 -43347 -43347 MISCELLANEOUS PROGRAM 900003 2910 2910 2910 3789770 3688465 83866 0 131775 784081 32579 76990 36750 186442 215500 86296 111944 189763 278164 31127 16718 1210884 BAD DEBT 100000 CLUB DUES 45572 BANK FEES 12249 MISCELLANEOUS 4744 6534 3558112 1423815 1676195 304522 355689 9743 6681 694011 544744 619745 487392 115357 132353 285224 369259 253563 771742 3086235 3856663 209854 250071 95180 450763 253701 55612 818631 811409 1322403 X 2131309 2390743 143517 143517 2274826 2534260 3086235 3856663 X 231658 -13271 -1607 42654 X X 0 1 X 1 0 96033 81490 14543 523712 405902 117810 132353 RELATED PARTY RECEIVABLE 11859 ROU ASSET 759883 771742 FUNDS HELD IN TRUST 32448 RELATED PARTY PAYABLE 8654 LEASE LIABILITY 777529 818631 X PART X, LINE 2: PKP IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO THE INTERNAL REVENUE CODE. THE FRATERNITY HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FRATERNITY RECOGNIZED NO INTEREST OR PENALTIES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGE IN NET ASSETS FOR THE YEARS ENDED MAY 31, 2023 AND 2022. IF THE SITUATION AROSE IN WHICH THE FRATERNITY WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTES OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE FRATERNITY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE FRATERNITY BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE FRATERNITY'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR EITHER OF THE YEARS ENDED MAY 31, 2023 AND 2022. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THIS FRATERNITY SHALL BE CLASSIFIED AS UNDERGRADUATES AND ALUMNI. THE TERM "UNDERGRADUATE" SHALL INCLUDE EVERY MEMBER OF THIS FRATERNITY WHO IS IN ACTUAL ATTENDANCE AS A STUDENT IN ANY DEPARTMENT OF THE COLLEGE WHERE THE CHAPTER BY WHICH HE WAS INITIATED, OR TO WHICH HE WAS LAST TRANSFERRED, IS LOCATED. THE TERM "ALUMNUS" SHALL INCLUDE ALL OTHER MEMBERS OF THIS FRATERNITY. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS INDIVIDUALS WHO HAVE THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B RATE CHANGES AND BY-LAW CHANGES ARE SUBJECT TO APPROVAL BY THE GRAND ARCH COUNCIL WHICH IS COMPRISED OF CHAPTER DELEGATES WHO ARE ALSO MEMBERS OF THE FRATERNITY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE RETURN IS PROVIDED TO THE GOVERNING BODY FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES, BOARD MEMBERS, AND EXECUTIVE COUNCIL ARE REQUIRED TO SIGN AN ANNUAL DECLARATION OF ANY CONFLICTS OF INTEREST. IF THERE IS A CONFLICT, ONE IS NOT ALLOWED TO VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COUNCIL ENSURES THE EXECUTIVE DIRECTOR'S SALARY IS COMPARABLE TO OTHER EXECUTIVES IN SIMILAR ORGANIZATIONS. IN ADDITION, ANY BONUSES AWARDED ARE BASED ON ACHIEVING ESTABLISHED BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 CONSISTENT WITH THE REQUIREMENTS OF SECTION 6104(D) OF THE INTERNAL REVENUE CODE AND REGULATIONS THEREUNDER, COPIES OF THE IRS FORM 990 AND APPLICATION FOR EXEMPTION, OTHER GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS SHALL BE MADE AVAILABLE, UPON REQUEST, IN A TIMELY MANNER, AND SUBJECT TO THE CHARGES PERMITTED BY LAW TO ANY INDIVIDUALS WHO REQUEST IT. FORM 990, PART XI, LINE 9: TRANSFERS RECEVIED FROM PKP PERMANENT FUND (TITLE HOLDING CO UNDER 501C2) 42,654. PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR. THE PKP PERMANENT SCHOLARSTIC EDUCATIONAL CHARITABLE & FRATERNAL FUND 5395 EMERSON WAY INDIANAPOLIS IN 46226 830575410 SUPPORT PHI KAPPA PSI FRATERNITY INITIATIVES IN 501(C)(2) PHI KAPPA PSI FRATERNITY 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE PKP PERMANENT SCHOLARSTIC EDUCATIONAL CHARITABLE & FRATERNAL FUND B 41180 THE PKP PERMANENT SCHOLARSTIC EDUCATIONAL CHARITABLE & FRATERNAL FUND C 83834