Nonprofit · EIN 23-6261152
PHI SIGMA KAPPA FOUNDATION INCORPORATED
Tax-exempt · INDIANAPOLIS, IN 46240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $722,775 | $474,126 | $248,649 | $4,617,213 | $37,484 | $4,579,729 |
| June 30, 2025 | 990 | $627,267 | $699,507 | -$72,240 | $4,151,115 | $33,358 | $4,117,757 |
| June 30, 2024 | 990 | $1,186,349 | $825,178 | $361,171 | $3,993,297 | $89,683 | $3,903,614 |
| June 30, 2023 | 990 | $918,370 | $608,747 | $309,623 | $3,280,720 | $42,183 | $3,238,537 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $607,617
- Program service revenue
- $3,184
- Investment income
- $111,974
- Net gain from sales of assets
- $57,070
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $268,188
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $6,029
- Program services (functional)
- $293,688
- Management and general (functional)
- $89,210
- Fundraising (functional)
- $91,228
Balance sheet and other
- Total assets, start of year
- $4,151,115
- Total assets, end of year
- $4,617,213
- Total liabilities, end of year
- $37,484
- Net assets, end of year
- $4,579,729
- Publicly traded securities
- $4,139,613
- Net assets without donor restrictions
- $1,711,816
- Net assets with donor restrictions
- $2,867,913
- Gross receipts
- $917,201
- Employees
- 0
- Volunteers
- 40
- Year formed
- 1946
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joseph Kern | EXEC DIR/CO Trustee or director, Officer | 10 | $21,105 | $120,795 | $6,933 |
| Clay Skurdal | President Trustee or director, Officer | 10 | $0 | $0 | $0 |
| Sean Hamilton | Vice President Trustee or director, Officer | 10 | $0 | $0 | $0 |
| Adam Carter | Historian Trustee or director | 10 | $0 | $0 | $0 |
| Chad E Burney | Secretary Trustee or director, Officer | 10 | $0 | $0 | $0 |
| Matthew Waltz | Treasurer Trustee or director, Officer | 10 | $0 | $0 | $0 |
| Keith A Clark | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jake Clements | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Adam Gagas | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Vern Hackworth | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Bud Hanna | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Gary Kramer | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Glenn Roby | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Robb Williams | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Ryan Tabaka | Trustee Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brian Heeran | Trustee Trustee or director | 1 | $0 |
| Nic Laconico | Trustee Trustee or director | 1 | $0 |
| Mark Cowen | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2025: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joseph Kern | EXEC DIR/CO Trustee or director, Officer | 10 | $19,077 | $114,887 | $8,299 |
| Clay Skurdal | President Trustee or director, Officer | 10 | $0 | $0 | $0 |
| Thomas Grunwald | Vice President Trustee or director, Officer | 10 | $0 | $0 | $0 |
| Mark Cowan | Vice President Trustee or director, Officer | 10 | $0 | $0 | $0 |
| Chad E Burney | Secretary Trustee or director, Officer | 10 | $0 | $0 | $0 |
| Matthew Waltz | Treasurer Trustee or director, Officer | 10 | $0 | $0 | $0 |
| Adam Gagas | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Sean Hamilton | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Glenn Roby | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Bud Hanna | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Keith A Clark | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Greg Stack | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Vern Hackworth | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Tom Wright | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Ryan Tabaka | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jake Clements | Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Joseph Kern | EXEC DIR/CO Trustee or director, Officer | 10 | $26,849 | $114,999 |
| Clay Skurdal | President Trustee or director, Officer | 10 | $0 | $0 |
| Thomas Grunwald | Vice President Trustee or director, Officer | 10 | $0 | $0 |
| Mark Cowan | Vice President Trustee or director, Officer | 10 | $0 | $0 |
| Braden Robert Keeter | Vice President Trustee or director, Officer | 10 | $0 | $0 |
| Chad E Burney | Secretary Trustee or director, Officer | 10 | $0 | $0 |
| Matthew Waltz | Treasurer Trustee or director, Officer | 10 | $0 | $0 |
| Sean Hamilton | Trustee Trustee or director | 1 | $0 | $0 |
| Glenn Roby | Trustee Trustee or director | 1 | $0 | $0 |
| Harry Hanna | Trustee Trustee or director | 1 | $0 | $0 |
| Keith A Clark | Trustee Trustee or director | 1 | $0 | $0 |
| Greg Stack | Trustee Trustee or director | 1 | $0 | $0 |
| Vern P Hackworth | Trustee Trustee or director | 1 | $0 | $0 |
| Adam Gagas | Trustee Trustee or director | 1 | $0 | $0 |
| Tom Wright | Trustee Trustee or director | 1 | $0 | $0 |
| Darren Azarian | Trustee Trustee or director | 1 | $0 | $0 |
| Ryan Tabaka | Trustee Trustee or director | 1 | $0 | $0 |
| Walter Clements | Trustee Trustee or director | 1 | $0 | $0 |
| Bennett Williams | Trustee Trustee or director | 1 | $0 | $0 |
| Gary Kramer | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph Kern | EXEC DIR/COO Trustee or director, Officer | 10 | $124,267 |
| Thomas Grunwald | President Trustee or director, Officer | 10 | $0 |
| Clay Skurdal | Vice President Trustee or director, Officer | 10 | $0 |
| Sean B Eaves | Secretary Trustee or director, Officer | 10 | $0 |
| Matt Waltz | Treasurer Trustee or director, Officer | 10 | $0 |
| Bennett Williams | Trustee Trustee or director | 1 | $0 |
| Walter Jake Clements | Trustee Trustee or director | 1 | $0 |
| Chad E Burney | Trustee Trustee or director | 1 | $0 |
| Ryan Tabaka | Trustee Trustee or director | 1 | $0 |
| Darren Samuel Azarian | Trustee Trustee or director | 1 | $0 |
| Tom Wright | Trustee Trustee or director | 1 | $0 |
| Adam Gagas | Trustee Trustee or director | 1 | $0 |
| Vern P Hackworth | Trustee Trustee or director | 1 | $0 |
| Greg Stack | Trustee Trustee or director | 1 | $0 |
| Keith A Clark | Trustee Trustee or director | 1 | $0 |
| Harry Gray Hanna Jr | Trustee Trustee or director | 1 | $0 |
| Glenn Roby | Trustee Trustee or director | 1 | $0 |
| Sean Hamilton | Trustee Trustee or director | 1 | $0 |
| Braden Robert Keeter | Vice President Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2925 E 96TH ST, INDIANAPOLIS, IN 46240-1368
- Signed the 990
- Joseph Kern, CHIEF OPER OFC
- Phone
- (317) 573-5420
- Website
- WWW.PHISIGMAKAPPA.ORG
- Return prepared by
- Barnes Givens & Barnes Ltd
Mission
TO PROMOTE EDUCATIONAL, LITERARY, AND CHARITABLE PURPOSE BY PROMOTING SCHOLARSHIPS, STUDENT AID, AND ASSISTANCE TO NEEDY AND DESERVING STUDENTS, THE DEVELOPMENT AND FOSTERING OF THE AIMS AND PURPOSES OF THE EDUCATIONAL WORK OF THE NATIONAL FRATERNITY OF PHI SIGMA KAPPA AND OTHER CHARITABLE PURPOSES AS MAY BE DEEMED FROM TIME TO TIME BY THE FOUNDATION'S TRUSTEES.
Program accomplishments
- SCHOLARSHIPS TO MEMBERS OF THE GRAND CHAPTER OF PHI SIGMA KAPPA, GRANTS GIVEN TO THE GRAND CHAPTER AND GRANTS GIVEN TO INDIVIDUAL CHAPTERS OF THE GRAND CHAPTER.Expenses $283,688 · grants $258,188 · revenue $3,184
- SUPPORT TO THE GRAND CHAPTER OF PHI SIGMA KAPPA PUBLICATION (THE SIGNET)Expenses $10,000 · grants $10,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | Check at the IRS |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 23-6261152
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1949
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,151,115
- Income (IRS master file)
- $905,071
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $722,775 | $474,126 | $4,617,213 | XML |
| 990 | June 2025 | $627,267 | $699,507 | $4,151,115 | IRS |
| 990 | June 2024 | $1,186,349 | $825,178 | $3,993,297 | IRS |
| 990 | June 2023 | $918,370 | $608,747 | $3,280,720 | XML |
| 990 | June 2022 | $1,617,464 | $648,859 | $2,952,369 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-6261152).
Questions about PHI SIGMA KAPPA FOUNDATION INCORPORATED
- What is the EIN of PHI SIGMA KAPPA FOUNDATION INCORPORATED?
- The employer identification number (EIN) of PHI SIGMA KAPPA FOUNDATION INCORPORATED is 23-6261152.
- Is PHI SIGMA KAPPA FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1949.
- Are donations to PHI SIGMA KAPPA FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHI SIGMA KAPPA FOUNDATION INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHI SIGMA KAPPA FOUNDATION INCORPORATED due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHI SIGMA KAPPA FOUNDATION INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of PHI SIGMA KAPPA FOUNDATION INCORPORATED?
- The 990 for the year ended December 31, 2025 lists 18 people; 1 received compensation from the organization, the highest $21,105 (Joseph Kern, EXEC DIR/CO).
- How much revenue does PHI SIGMA KAPPA FOUNDATION INCORPORATED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $722,775, expenses of $474,126 and total assets of $4,617,213 at year end.
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