nonprofit logo

The Phi Beta Kappa Society

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

EIN: 530226282 ✦ Washington, DC ✦ Designated as a 501(c)(3)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is The Phi Beta Kappa Society?

The Phi Beta Kappa Society, located at 1606 New Hampshire Avenue, Washington D.C., is a distinguished nonprofit organization that champions education in the liberal arts and sciences. Acting as an advocate for scholarly pursuits and nurturing intellectual curiosity, the society encourages academic excellence. Its mission extends beyond just acknowledging exceptional academic achievements. The Phi Beta Kappa Society publishes a quarterly magazine, "The American Scholar," which reaches a readership of 20,943 individuals, including subscribers, newsstand sales, and complimentary distributions. The publication covers a range of topics, including current affairs, philosophy, science, and arts. With a team of 23 dedicated employees, the society promotes intellectual growth and fosters meaningful discourse in the realm of liberal arts and sciences.


Official website here: www.pbk.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76% (Three-Star out of Four Stars)

The Phi Beta Kappa Society has received a Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and finance practices. The organization's strong governance is evident, with a fully independent board and comprehensive financial oversight mechanisms in place, all of which contribute positively to its accountability score. Notably, there have been no material diversions of assets, and the organization has implemented essential policies regarding conflicts of interest and whistleblower protections.

However, the organization shows some weaknesses in financial ratios. The program expense ratio stands at 57.15%, which suggests that a smaller portion of its budget is directed toward program activities compared to its operational costs. Additionally, the working capital ratio of 0.33 years may indicate potential liquidity challenges, affecting its ability to meet short-term obligations efficiently.

Overall, while The Phi Beta Kappa Society demonstrates solid governance and accountability, potential donors may want to consider its financial ratios, particularly its program expenses and liquidity, when evaluating the impact of their contributions.


This AI summary has been generated from information found on Charity Navigator.

Is The Phi Beta Kappa Society legitimate?

The Phi Beta Kappa Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Phi Beta Kappa Society 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: $675,237
Professional Fundraising Fees: $201,559
Other Salaries and Wages: $1,754,500

For more financial information, click here


Official website here: www.pbk.org

What is the mission statement of The Phi Beta Kappa Society?

The Phi Beta Kappa Society's mission is centered around advocating for the liberal arts, encouraging scholarly pursuits, and fostering camaraderie and cultural interests. In essence, their goal is to champion education in the liberal arts and sciences, promote freedom of thought, and recognize academic excellence. This esteemed organization strives to uphold these ideals by publishing a quarterly publication called "The American Scholar," which covers a wide range of subjects, including current affairs, philosophy, science, and arts, and has a circulation of 20,943 subscribers.


Official website here: www.pbk.org

Who is the CEO of The Phi Beta Kappa Society?

Frederick M Lawrence is the Principal Officer of The Phi Beta Kappa Society. The CEO's salary of The Phi Beta Kappa Society is $433,924 and their total compensation is $543,736.


Official website here: www.pbk.org

What is the revenue of The Phi Beta Kappa Society?

The Phi Beta Kappa Society's revenue in 2022 was $6,537,109.


Official website here: www.pbk.org

Who are the executives of The Phi Beta Kappa Society and what are their salaries?

The average compensation at The Phi Beta Kappa Society during 2022 was $105,641. There are 23 employees and 1175 volunteers at The Phi Beta Kappa Society.


Here are 32 key members and their salaries (The Phi Beta Kappa Society's CEO's salary is $433,924 and their total compensation is $543,736):


Peter Quimby (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Esther Jones (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Lewis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernadine Barnes (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan W Carlisle (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
S Raj Chaudhury (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Crutcher (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Decatur (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dolores Duran-Cerda (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Harkless (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bridget Keegan (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Koster (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vera L Junkers (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lomax (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Lewton-Yates (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Mcgarry (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Miller (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Mulnix (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric W Nye (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol O'Donnell (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzie Park (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Pope (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Trotman Reid (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judith Shapiro (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Bauder-Thornburg (Senator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frederick Lawrence (Secretary/Ceo)
  • Compensation: $433,924
  • Related: $55,990
  • Other: $53,822
Evagren Caldera (Associate Secretary/Coo)
  • Compensation: $184,215
  • Related: $26,316
  • Other: $40,431
Robert Wilson (Editor-The Amer.Scholar (Thru 4/22))
  • Compensation: $167,298
  • Related: $0
  • Other: $39,306
Anne Wise (Nasi Director)
  • Compensation: $130,463
  • Related: $0
  • Other: $46,013
Sudip Bose (Managing Ed-The Amer. Scholar)
  • Compensation: $112,871
  • Related: $0
  • Other: $11,287
Ann Mcculloch (Director Of Chapter And Association Relations)
  • Compensation: $100,836
  • Related: $0
  • Other: $31,613
Elizabeth Kelly (Visiting Scholar Director)
  • Compensation: $105,552
  • Related: $0
  • Other: $22,585


Official website here: www.pbk.org

Where can I find the form 990 for The Phi Beta Kappa Society?

The Phi Beta Kappa Society's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pbk.org

Learn more at the official website: www.pbk.org

Mission Statement of The Phi Beta Kappa Society

The Phi Beta Kappa Society, a distinguished organization, is dedicated to promoting the liberal arts and sciences, encouraging intellectual curiosity, and recognizing academic excellence. Its mission is multifaceted, with a primary focus on championing education in the liberal arts and fostering freedom of thought. The society seeks to uphold the value of scholarly pursuits and broaden perspectives through its publications and initiatives.

The Phi Beta Kappa Society's quarterly publication, "The American Scholar," serves as a platform for showcasing articles on a variety of topics, including current affairs, philosophy, science, and the arts. With a wide circulation, this publication aims to disseminate knowledge and stimulate thought among its readership. By advocating for the liberal arts and sciences, the society encourages critical thinking and intellectual growth, thereby empowering individuals to contribute positively to society.

In essence, The Phi Beta Kappa Society's mission is to foster an environment that celebrates academic achievement, encourages the pursuit of knowledge, and promotes intellectual discourse. Through its publications and advocacy efforts, the society aims to inspire individuals to embrace the liberal arts and sciences, fostering a society that values education and the free exchange of ideas.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




July, 2024

The Phi Beta Kappa Society has a significant impact on championing education in the liberal arts and sciences, fostering freedom of thought, and recognizing academic excellence. Through its advocacy for the liberal arts, the society promotes critical thinking, creativity, and a well-rounded education that prepares individuals for success in a rapidly changing world. By encouraging scholarship, friendship, and cultural interests, Phi Beta Kappa helps create a community of lifelong learners dedicated to intellectual pursuits and personal growth. The American Scholar, the society's quarterly publication, further extends its impact by sharing knowledge and ideas with a broad audience, enriching public discourse and promoting intellectual curiosity.




This information is meant to be a general summary of The Phi Beta Kappa Society. 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
$6,537,109 (2022)
201120122013201420152016201720182019202020212022$0$2M$4M$6M$8M
Expenses
$6,234,900 (2022)
201120122013201420152016201720182019202020212022$0$2M$4M$6M$8M
Efficiency
2011201220132014201520162017201820192020202120220%8%16%24%39%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,905
  • Program Service Revenue: $2,489,887
  • Gross Receipts: $6,537,109

Assets and Liabilities:

  • Total Assets: $4,608,041
  • Total Liabilities: $1,246,709
  • Net Assets: $3,361,332

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

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

MEMBERSHIP DUES

Revenue

$1,316,495

TRIENNIAL COUNCIL

Revenue

$950,457

PUBLICATIONS

Revenue

$191,185

PROGRAM FEES

Revenue

$31,750

Organization Details

Founding Year

1883

Principal Officer

Frederick M Lawrence

Main Address

1606 NEW HAMPSHIRE AVENUE, WASHINGTON, DC, 20009

NTEE Category

Code: B80 - Education

If you are a representative of The Phi Beta Kappa Society and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.