Overview
What is The Endowment Fund Of The Phi Kappa Psi Fraternity?
The Endowment Fund of the Phi Kappa Psi Fraternity is a nonprofit organization, led by Benjamin S. M. Nicol, dedicated to nurturing leadership and academic excellence in higher education. They achieve this by offering scholarships and awards to students, and by backing educational projects and programs that benefit them. The aim is to enhance the academic journey of students, fostering their growth as future leaders.
Official website here: www.pkpfoundation.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: Needs Improvement (Two Stars)**
The Endowment Fund of the Phi Kappa Psi Fraternity has received a 71% rating from Charity Navigator, indicating that it requires improvement. This score is primarily based on factors related to accountability and finances, with strong performance in governance practices such as having an entirely independent board. However, the organization's impact and adaptability measures have not been evaluated, which limits a fuller understanding of its overall effectiveness.
Strengths of the organization include an efficient governance structure, with all board members independent and a solid framework for financial oversight. The Endowment Fund has reported no significant issues regarding asset diversion and meets all disclosure requirements, suggesting a commitment to transparency in its operations.
On the downside, the organization's program expense ratio is relatively low, at 47.51%, indicating that less than half of its expenditures are directed toward its stated programs. Additionally, the lack of scoring in critical areas like impact measurement and community culture raises further questions about its overall operations and effectiveness.
User reviews from GreatNonprofits could not be fetched.
This AI summary has been generated from information found on Charity Navigator.
Is The Endowment Fund Of The Phi Kappa Psi Fraternity legitimate?
The Endowment Fund Of The Phi Kappa Psi Fraternity is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Endowment Fund Of The Phi Kappa Psi Fraternity submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $628,525
Professional Fundraising Fees: $0
Other Salaries and Wages: $646,809
For more financial information, click here
Official website here: www.pkpfoundation.org
What is the mission statement of The Endowment Fund Of The Phi Kappa Psi Fraternity?
The Endowment Fund of Phi Kappa Psi Fraternity is committed to fostering leadership development and promoting academic excellence in higher education. They achieve this by offering scholarships and awards to students, as well as supporting various educational projects and programs designed to benefit these students. The primary goal of the fund is to contribute to the overall development of individuals in higher education settings.
Official website here: www.pkpfoundation.org
Who is the CEO of The Endowment Fund Of The Phi Kappa Psi Fraternity?
Benjamin S M Nicol is the Chief Executive Officer of The Endowment Fund Of The Phi Kappa Psi Fraternity. The CEO's salary of The Endowment Fund Of The Phi Kappa Psi Fraternity is $108,222 and their total compensation is $123,601.
Official website here: www.pkpfoundation.org
What is the revenue of The Endowment Fund Of The Phi Kappa Psi Fraternity?
The Endowment Fund Of The Phi Kappa Psi Fraternity's revenue in 2022 was $9,239,646.
Official website here: www.pkpfoundation.org
Who are the executives of The Endowment Fund Of The Phi Kappa Psi Fraternity and what are their salaries?
The average compensation at The Endowment Fund Of The Phi Kappa Psi Fraternity during 2022 was $53,139. There are 24 employees and 40 volunteers at The Endowment Fund Of The Phi Kappa Psi Fraternity.
Here are 21 key members and their salaries (The Endowment Fund Of The Phi Kappa Psi Fraternity's CEO's salary is $108,222 and their total compensation is $123,601):
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- Compensation: $162,530
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- Other: $46,035
- Compensation: $108,222
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- Other: $15,379
Official website here: www.pkpfoundation.org
Where can I find the form 990 for The Endowment Fund Of The Phi Kappa Psi Fraternity?
The Endowment Fund Of The Phi Kappa Psi Fraternity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pkpfoundation.org
Learn more at the official website: www.pkpfoundation.org
Mission Statement of The Endowment Fund Of The Phi Kappa Psi Fraternity
The Endowment Fund of Phi Kappa Psi Fraternity is committed to fostering the development of leaders and promoting academic excellence in higher education. It achieves this mission by offering scholarships, awards, and supporting educational projects and programs aimed at benefiting students. The organization, under the leadership of Benjamin S. M. Nicol, strives to empower students, helping them reach their full potential and excel academically. By providing financial aid and educational resources, the Endowment Fund of Phi Kappa Psi Fraternity aims to create a conducive environment for students to grow, learn, and develop essential leadership skills.
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Impact
October, 2024
The Endowment Fund of the Phi Kappa Psi Fraternity significantly impacts higher education by fostering leadership development and promoting academic excellence among students. It achieves this through providing scholarships and awards that support students in their pursuit of education. By investing in educational projects and programs, the fund enhances opportunities for personal and academic growth, encouraging students to excel and take on leadership roles within their communities. Through its initiatives, the Endowment Fund not only supports individual students but also contributes to the overarching goal of shaping future leaders who can positively affect society.
This information is meant to be a general summary of The Endowment Fund Of The Phi Kappa Psi Fraternity. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,223,190
- Program Service Revenue: $177,030
- Gross Receipts: $9,754,640
Assets and Liabilities:
- Total Assets: $27,603,505
- Total Liabilities: $10,209,301
- Net Assets: $17,394,204
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHAPTER DEVELOPMENT SERVICES
Revenue
$177,030
Organization Details
Founding Year
1922
Phone
(317) 275-3400Principal Officer
Benjamin S M Nicol
Main Address
5395 EMERSON WAY, INDIANAPOLIS, IN, 46226
Website
www.pkpfoundation.orgNTEE Category
Code: B82 - Education
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