Nonprofit · EIN 25-1370973
PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY
Tax-exempt · STATE COLLEGE, PA 16803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $79,552 | $143,014 | -$63,462 | $606,070 | $2,635 | $603,435 |
| May 31, 2024 | 990 | $114,402 | $104,416 | $9,986 | $682,945 | $16,048 | $666,897 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $300
- Program service revenue
- $76,200
- Investment income
- $3,052
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,015
- Occupancy
- $110,771
- Depreciation
- $20,025
Balance sheet and other
- Total assets, start of year
- $682,945
- Total assets, end of year
- $606,070
- Total liabilities, end of year
- $2,635
- Net assets, end of year
- $603,435
- Land, buildings and equipment
- $497,380
- Net assets without donor restrictions
- $603,435
- Gross receipts
- $79,552
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1912
- State of legal domicile
- PA
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE CONLEY | PRESIDENT AS OF MAY 2025 Trustee or director, Officer | 2 | $0 |
| FRANK PUGLIESE | VICE PRESIDENT AS OF MAY 2025 Trustee or director, Officer | 4 | $0 |
| MARK MICHELOTTI | SECRETARY Trustee or director, Officer | 2 | $0 |
| HOWARD WELSH | TREASURER AS OF APRIL 2024 Trustee or director, Officer | 5 | $0 |
| MIKE SMOYER | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM SOMMER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK PUGLIESE | PRESIDENT Trustee or director, Officer | 4 | $0 |
| MIKE CONLEY | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MARK MICHELOTTI | SECRETARY Trustee or director, Officer | 2 | $0 |
| TONY PALUKA | TREASURER Trustee or director, Officer | 3 | $0 |
| HOWARD WELSH | UNDERGRADUATE FINANCIAL ADVISOR Trustee or director | 5 | $0 |
| PHIL BOINSKE | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM SOMMER | BOARD MEMBER Trustee or director | 1 | $0 |
| TOM KLUEBER | BOARD MEMBER (UNTIL 06/2023) Trustee or director | 1 | $0 |
| MIKE GRUIN | LEGAL ADVISOR (NON-VOTING) Trustee or director | 1 | $0 |
| OJ JOHNSTON | BOARD ADVISOR (NON-VOTING) Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 431 SCIENCE PARK RD STE 302, STATE COLLEGE, PA 16803-2219
- Principal officer (990 for 2024)
- MIKE CONLEY, 431 SCIENCE PARK ROAD 302, STATE COLLEGE, PA 16803
- Signed the 990
- MIKE CONLEY, PRESIDENT
- Phone
- (814) 238-8474
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO PROMOTE ACADEMIC AND SOCIAL BROTHERHOOD AMONG MEMBERS BY PROVIDING AND MAINTAINING THE FRATERNITY HOUSE WHERE MEMBERS LIVE WHILE ENROLLLED AT THE PENNSYLVANIA STATE UNIVERSITY.
Program accomplishments
- TO PROMOTE ADADEMIC AND SOCIAL BROTHERHOOD AMONG MEMBERS. THE ORGANIZATION PROVIDES AND MAINTAINS THE FRATERNITY HOUSE WHERE MEMBERS LIVE WHILE ENROLLED AT THE PENNSYLVANIA STATE UNIVERSITY. RENT INCOME IS COLLECTED FROM THE FRATERNITY BROTHERS AND EXPENSES FOR THE OPERATION AND MAINTENANCE OF THE HOUSE ARE PAID BY THE CORPORATION.
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 25-1370973
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $606,070
- Income (IRS master file)
- $79,552
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $79,552 | $143,014 | $606,070 | XML |
| 990 | May 2024 | $114,402 | $104,416 | $682,945 | XML |
| 990 | May 2023 | $90,014 | $88,365 | $668,473 | IRS |
| 990 | May 2022 | $115,012 | $100,023 | $678,519 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | 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 25-1370973).
Questions about PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY
- What is the EIN of PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY?
- The employer identification number (EIN) of PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY is 25-1370973.
- Is PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1973.
- Are donations to PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY 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 PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY?
- The 990 for the year ended May 31, 2025 names MIKE CONLEY.
- Who are the officers and directors of PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY?
- The 990 for the year ended May 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $79,552, expenses of $143,014 and total assets of $606,070 at year end.
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