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Phi Kappa Psi Fraternal Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463956228 ✦ Norman, OK ✦ Designated as a 501(c)(7)

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Overview

What is Phi Kappa Psi Fraternal Corporation?

Phi Kappa Psi Fraternal Corporation is a nonprofit organization situated in Norman, Oklahoma. Its primary goal is to offer a secure, budget-friendly, and motivating fraternal living space for undergraduate members and pledges of the Oklahoma Alpha Chapter of Phi Kappa Psi Fraternity during their college years. The corporation's mission includes providing a college home and offering necessary oversight to the undergraduates, ensuring a safe and enriching fraternity experience. Their secondary mission is to support the chapter by offering assistance when needed.


Official website here: www.phikappapsi.com

Is Phi Kappa Psi Fraternal Corporation legitimate?

Phi Kappa Psi Fraternal Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. Phi Kappa Psi Fraternal Corporation 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: $2,500

For more financial information, click here


Official website here: www.phikappapsi.com

What is the mission statement of Phi Kappa Psi Fraternal Corporation?

The Phi Kappa Psi Fraternal Corporation's mission is primarily focused on providing a nurturing environment for members and pledges (undergraduates) of the Oklahoma Alpha Chapter of Phi Kappa Psi Fraternity. This environment is aimed to be safe, cost-effective, and inspiring, serving as a home during their college years. The corporation's secondary mission involves supporting the chapter and providing necessary oversight to the undergraduates. This support may encompass various aspects, ensuring a well-rounded fraternity experience for its members.


Official website here: www.phikappapsi.com

Who is the CEO of Phi Kappa Psi Fraternal Corporation?

Shane Merz is the President of Phi Kappa Psi Fraternal Corporation.


Official website here: www.phikappapsi.com

What is the revenue of Phi Kappa Psi Fraternal Corporation?

Phi Kappa Psi Fraternal Corporation's revenue in 2023 was $122,832.


Official website here: www.phikappapsi.com

Who are the executives of Phi Kappa Psi Fraternal Corporation and what are their salaries?


Here are 11 key members and their salaries:


Matt Mccoy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derek Neidig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Waldeck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Ward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Defreese (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Byers (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Claybaugh (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Curtis (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Long (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shane Merz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.phikappapsi.com

Where can I find the form 990 for Phi Kappa Psi Fraternal Corporation?

Phi Kappa Psi Fraternal Corporation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.phikappapsi.com

Learn more at the official website: www.phikappapsi.com

Mission Statement of Phi Kappa Psi Fraternal Corporation

Phi Kappa Psi Fraternal Corporation is dedicated to serving as a college home for its members and pledges, primarily from the Oklahoma Alpha Chapter of Phi Kappa Psi Fraternity. The organization's primary mission is to offer these undergraduates a secure, affordable, and inspiring fraternal living experience throughout their college years. Beyond providing a residence, Phi Kappa Psi Fraternal Corporation also assumes a secondary role, offering support and oversight to its undergraduate members as necessary. This dual mission aims to create a nurturing environment that fosters personal growth and academic success for its members during their formative college years.

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Impact




October, 2024

Phi Kappa Psi Fraternal Corporation significantly enhances the college experience for members and pledges of the Oklahoma Alpha Chapter by providing a dedicated living space that fosters a safe, cost-effective, and inspiring environment. This facility serves not only as a physical home but also as a hub for fraternity life, encouraging camaraderie, personal development, and academic achievement among undergraduates.

By focusing on the holistic needs of its members, Phi Kappa Psi strengthens the bonds of brotherhood and supports a structured environment that promotes leadership and community engagement. The organization actively facilitates oversight and mentoring for undergraduates, ensuring they have the resources and guidance needed to thrive during their college years. This comprehensive approach significantly impacts students' social, academic, and personal growth, making the fraternity experience a vital part of their college journey in Norman, OK.




This information is meant to be a general summary of Phi Kappa Psi Fraternal Corporation. 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.

Revenue
$122,832 (2023)
201520162017201820192020202120222023$0$350k$700k$1.05M$1.4M
Expenses
$156,073 (2023)
201520162017201820192020202120222023$0$40,000$80,000$120k$160k
Efficiency
2015201620172018201920202021202220230%2%4%7%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $50,521
  • Gross Receipts: $122,832

Assets and Liabilities:

  • Total Assets: $1,779,332
  • Total Liabilities: $615,915
  • Net Assets: $1,163,417

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$50,521

Organization Details

Founding Year

2013

Principal Officer

Shane Merz

Main Address

PO BOX 721741, NORMAN, OK, 73070

NTEE Category

Code: N50 - Recreation

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