Nonprofit · EIN 36-6130655
THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY
Tax-exempt · INDIANAPOLIS, IN 46226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $11,923,152 | $6,461,164 | $5,461,988 | $97,290,787 | $898,608 | $96,392,179 |
| December 31, 2024 | 990 | $6,314,142 | $4,176,927 | $2,137,215 | $82,856,591 | $913,998 | $81,942,593 |
| December 31, 2023 | 990 | $61,569,718 | $5,160,954 | $56,408,764 | $77,216,082 | $840,959 | $76,375,123 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,936,261
- Program service revenue
- $133,827
- Investment income
- $5,294,983
- Net rental income
- $558,081
- Net gain from sales of assets
- $839,375
- Other revenue
- $558,081
Expenses
- Grants and similar amounts paid
- $2,362,596
- Compensation of officers, directors and key employees
- $625,361
- Other salaries and wages
- $1,245,993
- Salaries, compensation and benefits (total)
- $2,133,664
- Professional fundraising fees
- $0
- Legal fees
- $146,394
- Accounting fees
- $43,782
- Occupancy
- $159,757
- Travel
- $382,324
- Depreciation
- $198,085
- Program services (functional)
- $4,178,434
- Management and general (functional)
- $1,122,482
- Fundraising (functional)
- $1,160,248
Balance sheet and other
- Total assets, start of year
- $82,856,591
- Total assets, end of year
- $97,290,787
- Total liabilities, end of year
- $898,608
- Net assets, end of year
- $96,392,179
- Land, buildings and equipment
- $2,130,010
- Publicly traded securities
- $84,722,156
- Net assets without donor restrictions
- $46,545,409
- Net assets with donor restrictions
- $49,846,770
- Gross receipts
- $21,440,035
- Employees
- 28
- Volunteers
- 216
- Year formed
- 1922
- State of legal domicile
- IL
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 | Other / benefits |
|---|---|---|---|---|
| DREW M THAWLEY | CHIEF ADVANCEMENT OFFICER Officer | 40 | $178,180 | $53,717 |
| BENJAMIN S NICOL | CHIEF EXECUTIVE OFFICER Officer | 40 | $187,000 | $40,298 |
| PAMELA P HAWKINS | CHIEF FINANCIAL OFFICER Officer | 40 | $152,704 | $13,462 |
| LEE FULLER | VP OF DEVELOPMENT Highest-paid employee | 40 | $115,979 | $25,096 |
| TIMOTHY P MCCOURT | CHAIRMAN Trustee or director, Officer | 8 | $0 | $0 |
| RANDALL W SCHNACK | VICE CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| BRUCE A JACKSON | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JOHN H PIERCE | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| KARL D BRENSIKE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT W DUDLEY | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DONALD V FITES | TRUSTEE Trustee or director | 10 | $0 | $0 |
| CHRISTOPHER J HEDBERG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FREDERICK A HEGELE | TRUSTEE Trustee or director | 3 | $0 | $0 |
| CHARLES J MAXWELL JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID S MOYER | TRUSTEE Trustee or director | 5 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN R MURRAY JR | TRUSTEE Trustee or director | 1 | $0 |
| ARI J OFFICER | TRUSTEE Trustee or director | 2 | $0 |
| MICHAEL J SCHROEDER | TRUSTEE Trustee or director | 1 | $0 |
| CARL J STONEY JR | TRUSTEE Trustee or director | 3 | $0 |
| JOHN D WATKINS JR | TRUSTEE Trustee or director | 2 | $0 |
| JERRY C WATSON | TRUSTEE Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BENJAMIN S NICOL | CHIEF EXECUTIVE OFFICER Officer | 40 | $206,874 | $24,383 |
| DREW M THAWLEY | CHIEF ADVANCEMENT OFFICER Officer | 40 | $172,017 | $46,506 |
| PAMELA P HAWKINS | CHIEF FINANCIAL OFFICER Officer | 40 | $146,015 | $9,937 |
| LEE FULLER | VP OF DEVELOPMENT Highest-paid employee | 40 | $105,586 | $17,489 |
| TIMOTHY P MCCOURT | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| RANDALL W SCHNACK | VICE CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| BRUCE A JACKSON | TREASURER Trustee or director, Officer | 6 | $0 | $0 |
| JOHN H PIERCE | SECRETARY Trustee or director, Officer | 6 | $0 | $0 |
| KARL D BRENSIKE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ROBERT W DUDLEY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DONALD V FITES | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHRISTOPHER J HEDBERG | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| FREDERICK A HEGELE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHARLES J MAXWELL JR | TRUSTEE Trustee or director | 8 | $0 | $0 |
| DAVID S MOYER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN R MURRAY JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ARI J OFFICER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| CARL J STONEY JR | TRUSTEE Trustee or director | 5 | $0 | $0 |
| JERRY C WATSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| WAYNE W WILSON | TRUSTEE Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DREW M THAWLEY | CHIEF ADVANCEMENT OFFICER Officer | 40 | $164,074 | $31,647 |
| BENJAMIN S NICOL | CHIEF EXECUTIVE OFFICER Officer | 40 | $168,441 | $16,028 |
| PAMELA P HAWKINS | CHIEF FINANCIAL OFFICER Officer | 40 | $128,229 | $7,882 |
| JAMES C DENNY | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| TIMOTHY P MCCOURT | VICE CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| BRUCE A JACKSON | SECRETARY/TREASURER Trustee or director, Officer | 6 | $0 | $0 |
| KARL D BRENSIKE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ROBERT W DUDLEY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DONALD V FITES | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHRISTOPHER J HEDBERG | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| FREDERICK A HEGELE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHARLES J MAXWELL JR | TRUSTEE Trustee or director | 8 | $0 | $0 |
| DAVID S MOYER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN R MURRAY JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ARI J OFFICER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JOHN H PIERCE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| RANDALL W SCHNACK | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CARL J STONEY JR | TRUSTEE Trustee or director | 5 | $0 | $0 |
| JERRY C WATSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| PAUL R WINEMAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| WAYNE W WILSON | TRUSTEE Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5395 EMERSON WAY, INDIANAPOLIS, IN 46226-1415
- Principal officer (990 for 2025)
- BENJAMIN S M NICOL, 5395 EMERSON WAY, INDIANAPOLIS, IN 46226
- Signed the 990
- BENJAMIN S M NICOL, CHIEF EXECUTIVE OFFICER
- Phone
- (317) 275-3400
- Website
- PKPFOUNDATION.ORG
- Return prepared by
- BLUE & CO LLC
Mission
TO RAISE, INVEST, AND GRANT RESOURCES TO EQUIP EVERY BROTHER TO LEAD A PURPOSEFUL LIFE OF CHARACTER, SERVICE, AND IMPACT IN HIS COMMUNITY THROUGH SCHOLARSHIPS AND AWARDS AND SUPPORT FOR EDUCATIONAL PROJECTS AND PROGRAMS THAT ADVANCE HIS PERSONAL, PROFESSIONAL, AND LEADERSHIP DEVELOPMENT.
Program accomplishments
- SEE SCHEDULE OExpenses $4,178,434 · grants $2,362,596 · revenue $133,827
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 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-6130655
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $97,290,787
- Income (IRS master file)
- $21,440,035
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $11,923,152 | $6,461,164 | $97,290,787 | XML |
| 990 | December 2024 | $6,314,142 | $4,176,927 | $82,856,591 | XML |
| 990 | December 2023 | $61,569,718 | $5,160,954 | $77,216,082 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $9,239,646 | $6,103,120 | $27,603,505 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 36-6130655).
Questions about THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY
- What is the EIN of THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY?
- The employer identification number (EIN) of THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY is 36-6130655.
- Is THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE ENDOWMENT FUND 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 THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY 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 THE ENDOWMENT FUND 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 December 2025.
- Who is the principal officer of THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY?
- The 990 for the year ended December 31, 2025 names BENJAMIN S M NICOL.
- Who are the officers and directors of THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY?
- The 990 for the year ended December 31, 2025 lists 21 people; 4 received compensation from the organization, the highest $178,180 (DREW M THAWLEY, CHIEF ADVANCEMENT OFFICER).
- How much revenue does THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $11,923,152, expenses of $6,461,164 and total assets of $97,290,787 at year end.
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