Overview
What is The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc?
The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc, based in Indianapolis, Indiana, serves as a trust for property owned by Phi Kappa Psi Fraternity Inc. Its primary role is to collect income from this property and subsequently transfer the net income, after deducting expenses, to its sole beneficiary, Phi Kappa Psi Fraternity Inc. This Indiana-based nonprofit organization, recognized as exempt under Internal Revenue Code Section 501(c)(7), is committed to managing property-related affairs on behalf of Phi Kappa Psi Fraternity Inc.
Is The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc legitimate?
The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc 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: $0
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What is the mission statement of The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc?
The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc is established with a primary purpose. This organization is designed to hold title to property belonging to Phi Kappa Psi Fraternity, Inc. The primary function of this fund is to collect income from the property and subsequently transfer the entire amount, after deducting expenses, to its sole member, Phi Kappa Psi Fraternity, Inc. This Indiana-based nonprofit organization, recognized as exempt under Internal Revenue Code Section 501(C)(7), serves the sole purpose of managing the property-related affairs of Phi Kappa Psi Fraternity, Inc.
What is the revenue of The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc?
The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc's revenue in 2023 was $140,533.
Who are the executives of The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc?
The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc
The Pkp Permanent Scholastic Educational Charitable and Fraternal Fund Inc is organized with a singular purpose: to serve as a trustee for the property belonging to Phi Kappa Psi Fraternity, Inc. This nonprofit entity's mission is to collect income derived from these properties and subsequently transfer the entire sum, minus any incurred expenses, to its sole member, the Phi Kappa Psi Fraternity, Inc. This Indiana-based nonprofit organization, recognized as tax-exempt under Section 501(c)(7) of the Internal Revenue Code, fulfills this role diligently. In essence, the Pkp Fund's primary objective is to manage and distribute income derived from its property holdings, ultimately benefiting its affiliated fraternity.
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Impact
October, 2024
The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc makes a significant impact by facilitating the financial management for the Phi Kappa Psi Fraternity, Inc. By holding the title to property and ensuring income generation, the organization plays a crucial role in providing a stable financial framework. This stability allows the fraternity to focus on its educational and fraternal objectives without the distractions of real estate management.
The Fund’s activities contribute to the overall mission of the fraternity, which emphasizes leadership development, academic excellence, and community service. By collecting and distributing the income from its properties, the Fund ensures that resources are available to support the fraternity's programs and initiatives, thus enhancing the educational experiences of its members.
Moreover, the organization's operations reflect a commitment to the values of philanthropy and brotherhood. Through its financial stewardship, The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc indirectly fosters a sense of community and support among the fraternity members, encouraging a legacy of giving back to the institution and broader society.
This information is meant to be a general summary of The Pkp Permanent Scholastic Educational Charitable And Fraternal Fund Inc. 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: $131,972
- Gross Receipts: $140,533
Assets and Liabilities:
- Total Assets: $5,360,253
- Total Liabilities: $0
- Net Assets: $5,360,253
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Organization Details
Founding Year
2018
Principal Officer
Paul Oblon
NTEE Category
Code: B83 - Education
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