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Phi Kappa Theta National Foundation
Phi Kappa Theta National Foundation
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About this organization
Mission
It is the mission of the Phi Kappa Theta National Foundation to enhance the quality of the educational, spiritual and fraternal programs of the National Fraternity and its local chapters, by providing funding for those programs, and offering guidance as to their implementation.
About
The Phi Kappa Theta National Foundation raises money and manages financial resources to support the academic and educational development of Phi Kappa Theta Fraternity’s brothers, chapters, and colonies. The Foundation is a 501(c)3 nonprofit organization founded in 1954 through the generosity of Brother Paul Galvin (Illinois Institute of Technology), President and Founder of the Motorola Corporation. Today, the Foundation’s board, volunteers, and staff work together to support the next generation of servant leaders.
Interesting data from their 2020 990 filing
The filing specifies the mission of the non-profit as “To enhance the quality of the educational, spiritual, and fraternal programs of the national fraternity and its local chapters by providing funding.”.
When explaining its duties, they were described as: “To enhance the quality of the educational, spiritual, and fraternal programs of the national fraternity and its local chapters by providing funding.”.
- The state in which the non-profit is authorized to operate legally is OH.
- According to the filing, the address of the non-profit for the year 2020 is 228 CIRCLE VIEW DR, FRANKLIN, TN, 37067.
- The non-profit has reported 0 employees on their form for the year 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is $57,309.
- The compensation policy for the CEO of the organization is not based on a thorough evaluation and endorsement by an impartial entity.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 27 independent voting members.
- The organization was formed in 1954.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $92,405 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.
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