2024-10-06T12:24:17-05:00 2023-12-31 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2023-01-01 366130655 THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY ENDO 3172753400 5395 EMERSON WAY INDIANAPOLIS IN 46226 BENJAMIN NICOL CHIEF EXECUTIVE OFFICER 3172753400 2024-10-04 1 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2024-10-04 2023 2024-10-15 13:58:12Z BENJAMIN S M NICOL 5395 EMERSON WAY INDIANAPOLIS IN 46226 63033968 0 X PKPFOUNDATION.ORG X 1922 IL TO FOSTER THE DEVELOPMENT OF LEADERS AND TO PROMOTE ACADEMIC EXCELLENCE IN HIGHER EDUCATION BY PROVIDING STUDENTS WITH SCHOLARSHIPS AND AWARDS AND BY SUPPORTING EDUCATIONAL PROJECTS AND PROGRAMS FOR THEIR BENEFIT. 18 18 24 43 188512 124018 6253354 2574107 177030 103579 2223190 2356935 586072 56535097 9239646 61569718 678576 875705 0 0 1428484 1473142 0 0 835162 3996060 2812107 6103120 5160954 3136526 56408764 27603505 77216082 10209301 840959 17394204 76375123 X TO FOSTER THE DEVELOPMENT OF LEADERS AND TO PROMOTE ACADEMIC EXCELLENCE IN HIGHER EDUCATION BY PROVIDING STUDENTS WITH SCHOLARSHIPS AND AWARDS AND BY SUPPORTING EDUCATIONAL PROJECTS AND PROGRAMS FOR THEIR BENEFIT. 0 0 2248794 875705 103579 SEE SCHEDULE O 2248794 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 19 0 1 24 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN IL AL AR CA CT CO FL GA HI KS KY MA MD MI MN MS NH NM NY NC OH OR PA RI SC TN UT VA WV WI DC X X THE ORGANIZATION 3172753400 5395 EMERSON WAY INDIANAPOLIS IN 46226 JAMES C DENNY CHAIRMAN 10.00 X X 0 0 0 TIMOTHY P MCCOURT VICE CHAIRMAN 4.00 X X 0 0 0 BRUCE A JACKSON SECRETARY/TREASURER 6.00 X X 0 0 0 KARL D BRENSIKE TRUSTEE 4.00 X 0 0 0 ROBERT W DUDLEY TRUSTEE 5.00 X 0 0 0 DONALD V FITES TRUSTEE 5.00 X 0 0 0 CHRISTOPHER J HEDBERG TRUSTEE 0.50 X 0 0 0 FREDERICK A HEGELE TRUSTEE 5.00 X 0 0 0 CHARLES J MAXWELL JR TRUSTEE 8.00 X 0 0 0 DAVID S MOYER TRUSTEE 2.00 X 0 0 0 JOHN R MURRAY JR TRUSTEE 2.00 X 0 0 0 ARI J OFFICER TRUSTEE 3.00 X 0 0 0 JOHN H PIERCE TRUSTEE 5.00 X 0 0 0 RANDALL W SCHNACK TRUSTEE 5.00 X 0 0 0 CARL J STONEY JR TRUSTEE 5.00 X 0 0 0 JERRY C WATSON TRUSTEE 0.50 X 0 0 0 PAUL R WINEMAN TRUSTEE 5.00 X 0 0 0 WAYNE W WILSON TRUSTEE 5.00 X 0 0 0 PAMELA P HAWKINS CHIEF FINANCIAL OFFICER 40.00 X 128229 0 7882 BENJAMIN S NICOL CHIEF EXECUTIVE OFFICER 40.00 X 168441 0 16028 DREW M THAWLEY CHIEF ADVANCEMENT OFFICER 40.00 X 164074 0 31647 460744 0 55557 3 0 1 0 0 2574107 107191 2574107 CHAPTER DEVELOPMENT SERVICES 541900 103579 103579 103579 2234314 188512 2045802 647674 112577 535097 535097 535097 1244488 229806 1287996 63677 -43508 166129 122621 122621 LIFE INSURANCE PROCEEDS 900099 56000000 56000000 56000000 61569718 103579 188512 58703520 506277 506277 369428 369428 516301 239939 141776 134586 779875 309157 224521 246197 30972 12712 9454 8806 53545 15195 20812 17538 92449 39009 25637 27803 28670 12684 15986 39121 7605 31516 40644 40644 209956 133117 50013 26826 127154 6146 14746 106262 81927 7594 42128 32205 2937 560 1667 710 169854 88324 57751 23779 190996 70257 54128 66611 13873 1691 2822 9360 635682 18752 616930 156898 81572 54074 21252 61756 28747 33009 GIFTED POLICY INSURANCE 834000 275220 558780 BAD DEBT EXPENSE 89325 21000 0 68325 TAXES (BENEFIT) ON INVE 67043 67043 DUES, LICENSES, AND SUB 62271 3808 13561 44902 5160954 2248794 2076998 835162 1070420 1258317 1345520 37005424 932535 710765 238567 284417 2488864 2513683 80690 69101 3899832 2664178 1633860 1235654 19198871 33623169 614178 515552 27603505 77216082 325519 269114 422950 505725 9395362 0 65470 66120 10209301 840959 X -7134489 39771455 24528693 36603668 17394204 76375123 27603505 77216082 X 56408764 2636514 -64359 X X 0 1 X 1 0 X 1987981 2186767 2965758 3256842 2574107 12971455 1987981 2186767 2965758 3256842 2574107 12971455 475274 12496181 709508 639275 1321828 2175552 2881988 7728151 221338 269873 444569 935780 21635386 474157 0.57760 0.56960 X SCHEDULE A, PART II IN 2023, THE ORGANIZATION RECEIVED A LUMP SUM PAYOUT WITH RESPECT TO TWO LIFE INSURANCE POLICIES, WHICH INSURED THE DONORS AND OF WHICH THE ORGANIZATION WAS THE BENEFICIARY. BECAUSE THE PAYOUT IS EXCLUDED FROM GROSS INCOME BY OPERATION OF IRC SECTION 101, IT IS ALSO EXCLUDED FROM BEING INCLUDED IN EITHER PUBLIC OR TOTAL SUPPORT FOR PUBLIC SUPPORT TEST PURPOSES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113951 X 0 1052646 23871658 927989 39519 25812774 1087916 224 -12029 23465 1052646 991545 119456 23085 1087916 927584 26100 58984 21123 991545 1280341 1409 77598 411517 20247 927584 0.87930 0.02949 0.09121 0 0 137000 137000 3205591 2122998 1082593 443290 427229 16061 113951 113951 0 1235654 CUSTOMER DEPOSITS 66120 66120 X 64213806 2636514 -64359 2572155 61641651 40644 -112577 -71933 61569718 5232887 112577 112577 5120310 40644 40644 5160954 PART III, LINE 4: OVER THE COURSE OF THE FOUNDATION'S EXISTENCE, IT HAS PERIODICALLY BEEN GIFTED HISTORICAL ITEMS, INCLUDING OFFICE FURNITURE AND ART. THESE ITEMS EITHER PROVIDE DECORATION FOR THE FOUNDATION'S OFFICES OR ARE USED AS FUNCTIONAL PIECES OF FURNITURE. PART V, LINE 4: THE FOUNDATION HAS A POLICY FOR ITS ENDOWMENT FUNDS OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4.5% OF THE ENDOWMENT FUND'S ROLLING FIVE-YEAR QUARTERLY MARKET VALUE AVERAGE FOR SCHOLARSHIPS, GRANTS AND OTHER ALLOWABLE EXPENSES WITH THE EXCEPTION OF ENDOWED FUNDS GOVERNED BY SPECIFIC GIFT AGREEMENTS. IN ESTABLISHING THIS POLICY, THE FOUNDATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ASSETS HELD FOR ENDOWMENT. THE FOUNDATION'S OBJECTIVE IS TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND SIMILAR STATE LAW. THE SINGLE MEMBER LLCS ARE EXEMPT AS PROGRAMS UNDER THE FOUNDATION'S NOT-FOR-PROFIT EXEMPTION AND ARE INCLUDED IN THE INCOME TAX FILINGS OF THE FOUNDATION. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME. AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION IS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CERTAIN INVESTMENT INCOME IS CONSIDERED UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH DECEMBER 31, 2022. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF GIFT ANNUITY 2,326. CHANGE IN VALUE OF BENEFICIAL INTEREST -68,511. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 1,826. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME -112,577. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME 112,577. 1 UNIVERSITY OF ILLINOIS ASSOCIATION OF PHI KAPPA PSI 911 SOUTH FOURTH STREET CHAMPAIGN IL 61820 376036062 501(C)(7) 6219 0 EDUCATION AREA GRANTS CALIFORNIA EPSILON OF PHI KAPPA PSI HOUSE CORPORATION 924 WESTWOOD BOULEVARD SUITE 550 LOS ANGELES CA 90024 956059240 501(C)(2) 171596 0 EDUCATIONAL OPERATING GRANTS THE HOUSING CORPORATION FOR THE CALIFORNIA GAMMA CHAPTER OF PHI KAPPA PSI 2424 WARRING STREET BERKELEY CA 94076 264685310 501(C)(7) 107956 0 EDUCATIONAL OPERATING GRANTS INDIANA EPSILON HOUSE CORPORATION 2885 SANFORD AVENUE SW 15251 GRANDVILLE MI 49418 351883933 501(C)(7) 106000 0 EDUCATION AREA GRANTS GEORGIA ALPHA HOUSING CORPORATION 3425 SELWYN FARMS LANE CHARLOTTE NC 28209 474666230 501(C)(7) 12432 0 EDUCATIONAL AREA GRANTS OKLAHOMA ALPHA HOUSING CORPORATION 720 ELM AVE NORMAN OK 73069 311128130 501(C)(7) 21065 0 EDUCATIONAL AREA GRANTS OHIO DELTA COMPANY 1812 NORTH HIGH STREET COLUMBUS OH 43201 316052859 501(C)(2) 62749 0 EDUCATIONAL OPERATING GRANTS 0 7 SCHOLARSHIPS - NATIONAL AWARDS 36 70050 SCHOLARSHIPS - CHAPTER AWARDS 376 299378 PART I, LINE 2: GRANT MONIES PROVIDED FOR EDUCATIONAL PROGRAM RELATED EFFORTS ARE DISBURSED IN ACCORDANCE WITH AN EXECUTED GRANT AGREEMENT. SUCH AGREEMENTS PROVIDE FOR THE PERCENTAGE OF THE PROGRAM, WHICH ACCORDING TO A LEGAL OPINION, IS DEEMED EDUCATIONAL. FURTHER, EACH AGREEMENT OUTLINES THE REPORTING REQUIREMENTS. SCHOLARSHIPS AND FELLOWSHIPS ARE AWARDED FOR BOTH QUALITATIVE AND QUANTITATIVE SUCCESSES AND ACCOMPLISHMENTS. ALL GRANT AND SCHOLARSHIP DISBURSEMENTS ARE MONITORED INTERNALLY BY STAFF AND, IN APPLICABLE CASES, CONFIRMED BY THE COLLEGE OR UNIVERSITY. X X 0 0 0 0 0 0 0 0 0 DREW M THAWLEY CHIEF ADVANCEMENT OFFICER 152508 0 11566 0 0 0 10841 0 20806 0 195721 0 0 0 BENJAMIN S NICOL CHIEF EXECUTIVE OFFICER 157991 0 10000 0 450 0 10399 0 5629 0 184469 0 0 0 X 21 107191 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE FOUNDATION UTILIZES FIDELITY AND BUCKINGHAM STRATEGIC WEALTH TO SELL DONATED SECURITIES. FORM 990, PART III, LINE 4A THE ENDOWMENT FUND HAS A DISTINGUISHED HISTORY OF FUNDING PROGRAMS WHICH SET THE STANDARD AS SOME OF THE MOST FORWARD-LOOKING LEADERSHIP AND EDUCATIONAL PROGRAMS AVAILABLE TO TODAY'S COLLEGIANS. THROUGH ASSEMBLING THE BEST MINDS IN LEADERSHIP DEVELOPMENT, SUBSTANCE ABUSE PREVENTION AND VALUES EDUCATION TRAINING, PHI PSI OFFERS ITS YOUNGEST MEMBERS FORMATIVE EXPERIENCES THAT THEY OTHERWISE WOULD NOT HAVE. THE ENDOWMENT FUND'S COMMITMENT TO EDUCATION AND A WELL-ROUNDED COLLEGE EXPERIENCE IS EVIDENT THROUGH GRANTS TO HELP IMPROVE EDUCATION AND TECHNOLOGY RESOURCES IN CHAPTER HOUSES, LEADERSHIP FELLOWSHIPS, FUNDING OF THE NELSON LEADERSHIP INSTITUTE, PHI PSI'S PROGRAMMING ARM, AS WELL AS NATIONAL AND CHAPTER SCHOLARSHIP OFFERINGS AND GENERAL ASSISTANCE IN COUNSELING RELATED TO EDUCATIONAL ENDEAVORS. PHI PSI'S PROGRAMMING MODEL, INCLUDING OFFERINGS AND DELIVERY, CENTER ON NINE FUNDAMENTALS THAT ARE ORGANIZED BY MIND, HEART, AND SOUL. 1. INTELLECTUAL HEALTH - IDENTIFY CREATIVE ABILITIES AND CONTINUALLY ENGAGE IN ACTIVITIES THAT EXPAND KNOWLEDGE AND SKILLS 2. OCCUPATIONAL HEALTH - SEEK A CAREER THAT IS FULFILLING, MEANINGFUL, AND CONTRIBUTES TO THE BROADER SOCIETY, AND FOLLOW A PLAN TOWARD THAT OUTCOME 3. FINANCIAL HEALTH - UNDERSTAND THEIR CURRENT FINANCIAL SITUATION AND HOW TO BUILD CONFIDENCE REGARDING THEIR FINANCIAL FUTURE 4. PHYSICAL HEALTH - UNDERSTAND THE IMPORTANCE OF PHYSICAL ACTIVITY, NUTRITION, AND SLEEP AND HOW TO INCORPORATE THOSE HABITS INTO A DAILY ROUTINE 5. ENVIRONMENTAL HEALTH - BE AWARE OF THE INTERACTIONS BETWEEN THE ENVIRONMENT, COMMUNITY, AND SELF AND BEHAVE IN WAYS THAT RESPONSIBLY CARE FOR EACH OF THESE 6. EMOTIONAL HEALTH - HAVE SELF-AWARENESS OF EMOTIONAL HIGHS AND LOWS AND UNDERSTAND HOW TO WORK THROUGH THEM TO EFFECTIVELY COPE WITH LIFE'S SITUATIONS 7. SPIRITUAL HEALTH - IDENTIFY CORE BELIEFS, VALUES, AND ETHICS AND LIVE LIFE ACCORDING TO THOSE PRINCIPLES 8. SOCIAL HEALTH - PRACTICE REFLECTION OF ONESELF, PERSONALITY, AND CHARACTER AND CURATE A NETWORK THAT PROVIDES A SENSE OF BELONGING AND CONNECTION 9. CULTURAL HEALTH - REFLECT UPON YOUR PERSONAL ATTITUDES AND BELIEFS REGARDING CULTURAL DIFFERENCE AND SEEK TO UNDERSTAND OTHER CULTURES, PRACTICES, AND WORLDVIEWS PUT VERY SIMPLY, THE PHI PSI PROGRAMMING APPROACH IS ROOTED IN PHI PSI'S RITUAL AND OUR CREED. THE CLASSROOM CAN FALL SHORT IN DEVELOPING THE PERSONAL AND PROFESSIONAL SKILLS BOTH DESIRED BY EMPLOYERS AND NECESSARY TO HAVE A PURPOSEFUL AND FULFILLING LIFE. TO SUPPORT OUR YOUNG MEMBERS' CHANGING NEEDS FROM YEAR TO YEAR, AND TO PREPARE THEM FOR THEIR ALUMNI YEARS, THE ENDOWMENT FUND SUPPORTS PROGRAM OFFERINGS THAT HAVE BEEN DESIGNED TO EVOLVE WITH THE MEMBER AS THEY MOVE THROUGH THEIR PHI PSI JOURNEY. SPECIFIC PROGRAMS HAVE BEEN CRAFTED IN STAGES TO REFLECT THE TRANSFORMATIVE PROCESS OF MATURING FROM ONE WHO PLEDGES THEIR MEMBERSHIP TO THE BROTHERHOOD ALL THE WAY THROUGH AND CONTINUING INTO THEIR ALUMNI EXPERIENCE. ASCEND IS AN ONLINE EDUCATIONAL PROGRAM FOR CHAPTER OFFICERS AND COMMITTEE CHAIRMEN TO LEARN A VARIETY OF SKILLS NECESSARY TO FOSTER SUCCESS WITHIN THEIR POSITION. THE ENDOWMENT FUND WAS PLEASED TO SUPPORT THIS PROGRAM IN 2023 AS PARTICIPANTS LEARN ABOUT VARIOUS LEADERSHIP TYPES, WHICH MODEL THEY MOST ALIGN WITH, AND HOW TO CREATE SMART GOALS. THROUGH THIS EXPERIENCE, ONE LEARNS THE PERSONAL SKILLS NECESSARY TO BE A POSITIVE LEADER AND ROLE MODEL, HOW TO BUILD AND NURTURE A PRODUCTIVE AND SUCCESS-DRIVEN TEAM, AND HOW TO ACHIEVE THE GOALS AND RESPONSIBILITIES THEY HAVE SET. EMBARK IS A COMPREHENSIVE ONLINE MEMBER EDUCATION AND DEVELOPMENT PROGRAM. FROM THE DAY ONE'S BID IS ACCEPTED THROUGH INITIATION AND EXTENDING INTO THEIR UNDERGRADUATE YEARS, EMBARK PROVIDES DIRECTION AND ADDS VALUE TO ONE'S PHI PSI EXPERIENCE. THE ENDOWMENT FUND SUPPORTS THE EDUCATIONAL PORTION OF THE PROGRAM WHICH INCLUDES FIVE INITIAL MODULES THAT PROVIDE THE BASIS FOR NEW MEMBERS AS THEY CONTEMPLATE MEMBERSHIP IN THE FRATERNITY. OTHER MODULES EXPLORE THE HISTORY OF BOTH FRATERNITY-SORORITY LIFE AND PHI KAPPA PSI, INTRODUCE PRACTICES ON HOW TO ALIGN ONE'S VALUES AND ACTIONS, SHARED TECHNIQUES TO IMPROVE EMOTIONAL INTELLIGENCE, EDUCATE MEMBERS ON INCLUSIVE PRACTICES AND REVIEW THE APPLICATION OF THE RITUAL TO EVERYDAY LIFE. ANSWERING THE CALL OF UNDERGRADUATES, ALUMNI AND CAMPUS COMMUNITIES, THE ENDOWMENT FUND CONTINUES TO SUPPORT A COMPREHENSIVE SUITE OF PROGRAMMING THAT FOCUSES ON ENHANCING STUDENTS' UNDERSTANDING, EDUCATION AND AWARENESS OF MENTAL HEALTH ISSUES, NUTRITION, BODY IMAGE, BULLYING, HAZING AND HARASSMENT, ALCOHOL AND DRUG MISUSE, GENDER RELATIONS, AND SEXUAL MISCONDUCT (INCLUDING SEXUAL ASSAULT, ABUSE AND HARASSMENT). SPECIFIC PROGRAMS INCLUDE AWARENESS CAMPAIGNS (NATIONAL SUICIDE PREVENTION WEEK, MOVEMBER, ETC.) AND TIGHTROPE. AWARENESS CAMPAIGNS ARE EFFORTS TO RAISE AWARENESS ON VARIOUS TOPICS INCLUDING SUICIDE PREVENTION AND MEN'S HEALTH (E.G. GENERAL WELLBEING, PROSTATE CANCER, TESTICULAR CANCER, SUICIDE PREVENTION/MENTAL HEALTH). THE AIM OF THE AWARENESS COMMUNICATIONS IS TO INCREASE VISIBILITY TO THE TOPICS, ENCOURAGE DISCUSSIONS REGARDING THE TOPICS AND CREATE AN UNDERSTANDING OF THE IMPORTANCE OF REGULAR HEALTH CHECK-UPS AND OPPORTUNITIES TO ENGAGE IN PREVENTION-BASED CARE. TIGHTROPE, AN ONLINE ALCOHOL, HAZING AND SEXUAL ASSAULT PREVENTION PROGRAM, IS DESIGNED AS A POPULATION-LEVEL PREVENTION PROGRAM. EACH NEW MEMBER OF THE FRATERNITY IS REQUIRED TO COMPLETE THE PROGRAM. THIS METHODOLOGY CREATES A LEARNING EXPERIENCE THAT MOTIVATES BEHAVIOR CHANGE, RESETS UNREALISTIC EXPECTATIONS ABOUT THE EFFECTS OF ONE'S DECISIONS AND LINKS CHOICES TO ACADEMIC AND PERSONAL SUCCESS. MANY OF THESE TRADITIONALLY ONLINE EDUCATIONAL EFFORTS AROUND MENTAL HEALTH, LEADERSHIP, SELF-AWARENESS, PROFESSIONAL DEVELOPMENT AND THE IMPORTANCE OF HEALTHY RELATIONSHIPS WERE BOLSTERED IN 2023 AS PHYSICAL, IN-PERSON PROGRAMMING AND CONNECTIONS CONTINUED TO RETURN. IN 2023, THE EXPLORE PROGRAM WAS INTRODUCED, AN AWARD-WINNING AND CAREER IMMERSION EXTERNSHIP UNITING STUDENT PHI PSIS POSSESSING SIMILAR CAREER ASPIRATIONS WITH SUCCESSFUL ALUMNI IN THOSE FIELDS. THE ENDOWMENT FUND MADE POSSIBLE SEVERAL SESSIONS. MOVING BEYOND WHAT TRADITIONAL LEADERSHIP AND PROFESSIONAL DEVELOPMENT CONFERENCES CAN OFFER, EXPLORE SESSIONS IMMERSE YOUNG BROTHERS IN REAL TIME LEARNING WITHIN REAL WORLD SCENARIOS AS THEY SHADOW ELDER PHI PSIS. THE MULTI-DAY SESSION OFFERS NOT ONLY A WIDE-RANGING LOOK AT DAY-TO-DAY, ON-THE-JOB RESPONSIBILITIES, IT ALSO PROVIDES TRACKS FOR INDIVIDUALIZED LEARNING IN A NARROW OR NICHE FOCUS OF THE BROADER INDUSTRY. IN 2023, THE ENDOWMENT FUND WAS PLEASED TO MAINTAIN SUPPORT OF THE WINEMAN MENTORING ADVANTAGE PROGRAM (MAP). MAP, WHICH WAS ESTABLISHED IN 2018, SEEKS TO FOSTER MEANINGFUL RELATIONSHIPS BETWEEN PHI KAPPA PSI ALUMNI AND CURRENT UNDERGRADUATE MEMBERS BY CREATING AND CULTIVATING A ROBUST MENTORING RELATIONSHIP. THE CONNECTIONS MADE THROUGH MAP HELP PREPARE STUDENTS FOR LIFE AFTER COLLEGE AND ENHANCE THE LIFELONG CONNECTION THAT BROTHERHOOD IN PHI KAPPA PSI PROVIDES. IT IS BUILT ON THE PRINCIPLES OF PHI KAPPA PSI AND ENHANCED BY MENTORING BEST PRACTICES FROM COLLEGES, UNIVERSITIES, AND COMPANIES WORLDWIDE. THE ENDOWMENT FUND IS COMMITTED TO NOT ONLY LEADERSHIP/MEMBER DEVELOPMENT PROGRAMS BUT ALSO THE ACADEMIC SUCCESS AND FULFILLING THE FINANCIAL NEEDS OF TODAY'S COLLEGIANS. FOR FISCAL YEAR 2023, EXPENSES ATTRIBUTABLE TO FELLOWSHIPS AND SCHOLARSHIPS TOTALED $369,428. THROUGH THE GRANTING OF SCHOLARSHIP MONIES, THE ENDOWMENT FUND REGULARLY AWARDS PHI PSIS WHO EXCEL IN AREAS OF ACADEMICS, CHAPTER LEADERSHIP, AND CAMPUS INVOLVEMENT. THE MEN CHOSEN DISPLAY OUTSTANDING ACADEMIC ACHIEVEMENT AND EXCELLENCE IN SERVICE TO PHI PSI, THEIR CAMPUSES AND COMMUNITIES, AS WELL AS ACTIVE MEMBERSHIP IN VARSITY ATHLETICS, UNIVERSITY-WIDE ORGANIZATIONS, COMMUNITY GROUPS, AND PHILANTHROPIES. THEY ARE OFTEN INVOLVED IN STUDENT GOVERNMENT AND HONOR SOCIETIES AND SERVE AS YOUTH MENTORS, COMMUNITY VOLUNTEERS, AND CAMPUS LEADERS. THESE AWARDS CONTINUE TO UNDERSCORE THE ENDOWMENT FUND'S BELIEF THAT SUCCESS WITHIN THE FRATERNITY AND LIFE FIRST BEGINS IN THE CLASSROOM. FORM 990, PART III, LINE 4A CONT'D THE ENDOWMENT FUND ALSO APPRECIATES THAT ONE'S PHYSICAL SURROUNDINGS HAVE A DRAMATIC IMPACT ON ACADEMIC PERFORMANCE AND THAT THE APPROPRIATE ENVIRONMENT CAN ASSIST IN PRODUCING SUPERIOR COLLEGE GRADUATES. HOUSING IS AN IMPORTANT FOCUS AS SAFE, HEALTHY AND AN APPROPRIATE ACADEMIC ENVIRONMENT IS PARAMOUNT TO ONE'S SCHOLASTIC PURSUITS. IN A CAPITAL CAMPAIGN, THERE IS THE NEED TO USE MONIES FOR MANY OTHER PURPOSES (FUNDRAISING, ARCHITECT/ENGINEERING, PERMITS, CONSTRUCTION, ETC.). AS SUCH, THE ENDOWMENT FUND MAINTAINED/ESTABLISHED HOUSING FUNDS FOR 25 HOUSE CORPORATIONS THAT WERE INVOLVED IN CAPITAL CAMPAIGNS CURRENTLY OR IN RECENT YEARS. THESE FUNDS, ALONG WITH CHAPTER HOUSE OPERATING FUNDS, OF WHICH THE ENDOWMENT FUND MAINTAINED NINE, SUPPORT CAPITAL BUILDING PROJECTS AND SERVE AS A RECEPTACLE FOR MONIES, WHICH ARE TO BE DISBURSED TO THOSE RESPECTIVE GROUPS FOR APPROPRIATE GRANTS FOR THE CONSTRUCTION, RENOVATION, AND OPERATION OF HOUSING FACILITIES. ACCORDING TO THE IRS, THE ENDOWMENT FUND IS ABLE TO MAKE GRANTS FROM THESE FUNDS TO HOUSE CORPORATIONS FOR THE CONSTRUCTION/RENOVATION AND OPERATION EQUAL TO THE EDUCATIONAL PERCENTAGE OF THE FACILITY'S SPACE. IN 2023, THE ENDOWMENT FUND PROVIDED $488,194 IN CHAPTER-SPECIFIC GRANTS TO CHAPTER HOUSE CORPORATIONS AS A COMPONENT OF CHAPTER CAPITAL CAMPAIGNS AND GENERAL FACILITY OPERATIONS. CHAPTER SCHOLARSHIP FUNDS ALSO SERVED AS A LENDING SOURCE FOR SIX HOUSE CORPORATIONS IN 2023. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO STAFF. STAFF REVIEWS THE DRAFT AND OFFERS CORRECTIONS AND EDITS PRIOR TO A SECOND DRAFT BEING REVIEWED BY THE FOUNDATION'S AUDIT COMMITTEE. AFTER ANY CORRECTIONS ARE MADE ON BEHALF OF THE AUDIT COMMITTEE, A FINAL VERSION IS PROVIDED TO THE FOUNDATION'S TRUSTEES FOR THEIR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION PROVIDES ALL PARTIES (STAFF, TRUSTEES, ETC.) YEARLY WITH A WRITTEN COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. INDIVIDUALS ARE REQUIRED TO EXECUTE A COPY WHICH IS THEN REVIEWED BY STAFF AND THE AUDIT COMMITTEE. ANY POTENTIAL CONFLICTS OF INTEREST THAT ARISE FROM COMPLETION OF THE FORM OR THAT SUBSEQUENTLY ARE BROUGHT TO THE ATTENTION OF STAFF OR A TRUSTEE ARE ADDRESSED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE FOUNDATION'S CHIEF EXECUTIVE OFFICER IS DETERMINED AND APPROVED BY THE FOUNDATION'S TRUSTEES BASED UPON A REVIEW OF ESTABLISHED OBJECTIVES AND ANALYSIS OF LOCAL AND NATIONAL SALARY SURVEYS/DATA. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 1,826. CHANGE IN BENEFICIAL INTERESTS IN PERPETUAL TRUSTS -68,511. CHANGE IN VALUE OF GIFT ANNUITY 2,326. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. NO PROCESSES HAVE CHANGED FROM PRIOR YEAR. PROPERTY PRESERVATION LLC 5395 EMERSON WAY INDIANAPOLIS IN 46226 202489863 OWN AND OPERATE REAL ESTATE HOLDINGS IN 0 0 THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY HAMMER STREET PROPERTIES LLC 5395 EMERSON WAY INDIANAPOLIS IN 46226 262804420 OWN AND OPERATE REAL ESTATE HOLDINGS IN 233163 94280 PROPERTY PRESERVATION LLC PKP MCMAHAN FINANCE ENGINE LLC 5395 EMERSON WAY INDIANAPOLIS IN 46226 366130655 PAY INSURANCE PREMIUMS ON BEHALF OF THE FOUNDATION IN 10409618 14411387 THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY NELSON LEADERSHIP INSTITUTE LLC 5395 EMERSON WAY INDIANAPOLIS IN 46226 366130655 LEADERSHIP TRAINING AND EDUCATION IN 1357397 306658 THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY PHI KAPPA PSI FRATERNITY INC 5395 EMERSON WAY INDIANAPOLIS IN 46226 262362161 FRATERNAL ORGANIZATION IN 501(C)(7) N/A N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 PHI KAPPA PSI FRATERNITY INC J 111766 FAIR MARKET VALUE PHI KAPPA PSI FRATERNITY INC Q 124148 FAIR MARKET VALUE