Nonprofit · EIN 75-6037541
PHI KAPPA PSI FRATERNITY
Also known as TEXAS BETA CHAPTER
Tax-exempt · LUBBOCK, TX 79416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2024 | 990 | $311,845 | $285,970 | $25,875 | $48,654 | $0 | $48,654 |
| August 31, 2023 | 990 | $295,630 | $299,853 | -$4,223 | $22,779 | $0 | $22,779 |
Financial details: 990 for the year ended August 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $311,845
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $580
- Occupancy
- $47,567
- Travel
- $9,350
- Program services (functional)
- $285,970
Balance sheet and other
- Total assets, start of year
- $22,779
- Total assets, end of year
- $48,654
- Total liabilities, end of year
- $0
- Net assets, end of year
- $48,654
- Gross receipts
- $311,845
- Employees
- 0
- Volunteers
- 16
- Year formed
- 1952
- State of legal domicile
- TX
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 August 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DYLAN BICKLEY | CORRESPONDIN Officer | – | $0 |
| LANDON OVERMYER | PRESIDENT Officer | – | $0 |
| GALEN SAVAGE | TREASURER Officer | – | $0 |
| REAGAN VILMER | VICE PRESIDE Officer | – | $0 |
990 for the year ended August 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREYSON GAILEY | PRESIDENT Officer | – | $0 |
| BRYSON MCGEE | VICE PRESIDE Officer | – | $0 |
| ZEKE PORTER | TREASURER Officer | – | $0 |
| CASEY SYLVESTER | CORRESPONDIN Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 1406 ORLANDO AVE, LUBBOCK, TX 79416-6000
- Mailing address (990-N for 2019)
- 3403 36TH STREET, LUBBOCK TX 79413
- Principal officer (990 for 2023)
- GALEN SAVAGE, 1406 ORLANDO AVENUE, LUBBOCK, TX 79416
- Principal officer (990-N for 2019)
- ALEC HERNANDEZ, 3403 36TH STREET, LUBBOCK TX 79413
- Signed the 990
- GALEN SAVAGE, TREASURER
- Phone
- (469) 964-4150
- Return prepared by
- GREEK RESOURCE SERVICES LLC
Mission
THE PHI KAPPA PSI FRATERNITY ENGAGES MEN OF INTEGRITY, FURTHER DEVELOPS THEIR INTELLECT AND ENHANCES COMMUNITY INVOLVEMENT. WITH A LEGACY BUILT ON ACCEPTANCE AND TRUST, EACH BROTHER REALIZES HIS HIGHEST POTENTIAL THROUGH A LIFELONG EXPERIENCE OF SERVICE AND EXCELLENCE.
Program accomplishments
- PROVIDED MEALS, HOUSING AND SOCIAL PROGRAMS FOR THE LOCAL FRATERNITY MEMBERS - TOTAL OF 111 MEMBERS FOR THE YEAR.
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | Not on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 75-6037541
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Group exemption
- 0301: PHI KAPPA PSI FRATERNITY
- Assets (IRS master file)
- $48,654
- Income (IRS master file)
- $311,845
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $295,630 | $299,853 | $22,779 | IRS |
| 990 | August 2022 | $463,921 | $460,599 | $27,002 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: ALEC HERNANDEZ | August 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about PHI KAPPA PSI FRATERNITY
- What is the EIN of PHI KAPPA PSI FRATERNITY?
- The employer identification number (EIN) of PHI KAPPA PSI FRATERNITY is 75-6037541.
- Is PHI KAPPA PSI FRATERNITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1941.
- Are donations to PHI KAPPA PSI FRATERNITY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 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 PHI KAPPA PSI FRATERNITY due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHI KAPPA PSI FRATERNITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2024.
- Who is the principal officer of PHI KAPPA PSI FRATERNITY?
- The 990 for the year ended August 31, 2024 names GALEN SAVAGE.
- Who are the officers and directors of PHI KAPPA PSI FRATERNITY?
- The 990 for the year ended August 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PHI KAPPA PSI FRATERNITY have?
- On its 990 for the year ended August 31, 2024 it reported revenue of $311,845, expenses of $285,970 and total assets of $48,654 at year end.
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