Overview
What is Pi Kappa Phi Foundation?
Pi Kappa Phi Foundation is a nonprofit organization situated in Charlotte, North Carolina, specifically at 2015 AYRSLEY TOWN BLVD 200. Its primary mission is to bolster the educational initiatives of Pi Kappa Phi Fraternity by providing financial support through grants. This nonprofit is dedicated to assisting its student members in excelling in various aspects of personal development, academics, community service, and leadership. With a modest workforce of 4 individuals, Pi Kappa Phi Foundation plays a significant role in fostering the growth and achievements of its fraternity members.
Official website here: www.pikapp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The Pi Kappa Phi Foundation’s rating indicates room for improvement in its financial practices, particularly in its program expense ratio, which stands at 51.40%. While this score suggests that just over half of its expenses are allocated towards programs, it highlights a potential concern regarding the efficiency of its resource management.
On the positive side, the foundation demonstrates strong governance practices, with 100% of its board members being independent. The organization also scores well on accountability measures, including having no material diversion of assets and maintaining comprehensive policies such as conflict of interest and whistleblower protections. These factors reflect a commitment to transparency and ethical management.
However, the low program expense ratio indicates that a significant portion of its budget may be directed towards administrative costs rather than direct program services. This could be a limiting factor for potential donors looking for organizations that prioritize funding for their mission-driven work. Overall, while the foundation has solid governance structures, it faces challenges in optimizing its financial efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Pi Kappa Phi Foundation legitimate?
Pi Kappa Phi Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pi Kappa Phi Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $410,684
For more financial information, click here
Official website here: www.pikapp.org
What is the mission statement of Pi Kappa Phi Foundation?
The Pi Kappa Phi Foundation's mission is centered around supporting the educational programs of the Pi Kappa Phi fraternity. This support is aimed at assisting its student members in achieving exceptional outcomes in various aspects of their lives, including personal development, academics, service, and leadership. The foundation accomplishes this mission by providing grants to the Pi Kappa Phi fraternity, thereby enabling its educational initiatives.
Official website here: www.pikapp.org
What is the revenue of Pi Kappa Phi Foundation?
Pi Kappa Phi Foundation's revenue in 2023 was $1,621,404.
Official website here: www.pikapp.org
Who are the executives of Pi Kappa Phi Foundation and what are their salaries?
The average compensation at Pi Kappa Phi Foundation during 2023 was $58,669. There are 7 employees at Pi Kappa Phi Foundation.
Here are 24 key members and their salaries:
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- Related: $270,000
- Other: $8,431
Official website here: www.pikapp.org
Where can I find the form 990 for Pi Kappa Phi Foundation?
Pi Kappa Phi Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pikapp.org
Learn more at the official website: www.pikapp.org
Mission Statement of Pi Kappa Phi Foundation
The Pi Kappa Phi Foundation is committed to supporting the educational programs of the Pi Kappa Phi fraternity. Its mission is to assist student members in achieving superior outcomes in personal development, academics, service, and leadership. By providing grants, the foundation aims to bolster the educational initiatives of the Pi Kappa Phi fraternity, thereby empowering its members to excel in various aspects of their lives.
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Impact
July, 2024
Pi Kappa Phi Foundation's impact is felt through its support of the educational programs of the Pi Kappa Phi fraternity. By providing grants to these programs, the Foundation directly contributes to the personal development, academic success, service, and leadership skills of the fraternity's student members. This assistance helps students achieve superior results in various aspects of their college experience, ultimately shaping them into well-rounded individuals.
This information is meant to be a general summary of Pi Kappa Phi Foundation. 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 2023.
- Investment Income: $370,705
- Program Service Revenue: $2,845
- Gross Receipts: $1,621,404
Assets and Liabilities:
- Total Assets: $11,975,723
- Total Liabilities: $120,709
- Net Assets: $11,855,014
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$2,845
Organization Details
Founding Year
2012
Principal Officer
Jake Henderson
Website
www.pikapp.orgNTEE Category
Code: B83 - Education
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