PHI KAPPA SIGMA EDUCATIONAL FUND INC

EIN: 236235335 501(c)(3)

CHESTERTOWN, MD

Total Revenue
$426,177
Total Expenses
$403,318
Total Assets
$4,819,144
Net Assets
$4,818,633
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
DE
Principal Officer
JEFFREY LONG
Phone
6109372204
Tax Period
2024-01-01 to 2024-12-31

PHI KAPPA SIGMA EDUCATIONAL FUND INC, founded in 1953, is a small nonprofit that reported $426K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $403K left a modest 5% surplus.

Mission

TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO ELIGIBLE FRATERNITY MEMBERS AND SUPPORT DEVELOPMENT OF SCHOLASTIC IMPROVEMENT AND LEADERSHIP CAPABILITY OF FRATERNITY MEMBERS WITHIN THE INDIVIDUAL CHAPTERS OF THE FRATERNITY

Program Service Accomplishments

Program 1
Expenses: $127,507

TO PROVIDE FINANCIAL ASSISTANCE AND TRAINING FOR EDUCATION TO ELIGIBLE FRATERNITY MEMBERS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $100,814
Program Service Revenue $0
Investment Income $311,544
Other Revenue $13,819
TOTAL REVENUE $426,177

Expense Breakdown

Grants Paid $127,507
Salaries & Benefits $140,598
Fundraising Expenses $142,129
Program Expenses $127,507
Other Expenses $135,213
TOTAL EXPENSES $403,318

Year-over-Year Comparison

2024 2023 Change
Revenue $426,177 $316,275 +0.3%
Expenses $403,318 $515,833 -0.2%
Net Income $22,859 $-199,558 -1.1%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
12
Employees
1
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
5
$126,979
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER NICHOLS PRESIDENT 10.00
Director
$0 $0 $0
LONNY BOEKE VICE PRESIDE 10.00
Director
$0 $0 $0
JEFFREY LONG TREASURER 10.00
Director
$0 $0 $0
CT BENIS SECRETARY 10.00
Director
$0 $0 $0
DENNIS SHEA DIRECTOR OF 40.00
Director
$126,979 $0 $126,979
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $426,177 $403,318 $4,819,144 $22,859
2023 $316,275 $515,833 $4,563,530 $-199,558
2022 $361,518 $509,782 $4,460,494 $-148,264
2021 $295,505 $137,854 $5,305,557 $157,651
2021 $1,103,267 $345,849 $5,144,241 $757,418
2021 $313,202 $137,854 $5,305,558 $175,348
2020 $311,180 $461,989 $4,531,324 $-150,809
2019 $225,389 $391,230 $4,627,132 $-165,841
2018 $566,801 $327,060 $4,823,223 $239,741
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