2025-10-31T09:28:59-05:00 2024-12-31 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2024-01-01 366130655 THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY ENDO 3172753400 5395 EMERSON WAY INDIANAPOLIS IN 46226 BENJAMIN NICOL CHIEF EXECUTIVE OFFICER 3172753400 2025-10-30 1 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2025-10-30 2024 2025-03-06 01:10:19Z BENJAMIN S M NICOL 5395 EMERSON WAY INDIANAPOLIS IN 46226 12399584 0 X PKPFOUNDATION.ORG X 1922 IL TO FOSTER THE DEVELOPMENT OF LEADERS AND TO PROMOTE ACADEMIC EXCELLENCE IN HIGHER EDUCATION BY PROVIDING STUDENTS WITH SCHOLARSHIPS AND AWARDS AND BY SUPPORTING EDUCATIONAL PROJECTS AND PROGRAMS FOR THEIR BENEFIT. 16 16 24 127 0 0 2574107 1846156 103579 90011 2356935 3795963 56535097 582012 61569718 6314142 875705 663904 0 0 1473142 1765663 0 0 1028072 2812107 1747360 5160954 4176927 56408764 2137215 77216082 82856591 840959 913998 76375123 81942593 X TO FOSTER THE DEVELOPMENT OF LEADERS AND TO PROMOTE ACADEMIC EXCELLENCE IN HIGHER EDUCATION BY PROVIDING STUDENTS WITH SCHOLARSHIPS AND AWARDS AND BY SUPPORTING EDUCATIONAL PROJECTS AND PROGRAMS FOR THEIR BENEFIT. 0 0 2018148 663904 90011 SEE SCHEDULE O 2018148 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 16 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN IL AL AR CA CT CO FL GA HI KS KY MA MD MI MN MS NH NM NY NC OH OR PA RI SC TN UT VA WV WI DC X X THE ORGANIZATION 3172753400 5395 EMERSON WAY INDIANAPOLIS IN 46226 TIMOTHY P MCCOURT CHAIRMAN 10.00 X X 0 0 0 RANDALL W SCHNACK VICE CHAIRMAN 4.00 X X 0 0 0 BRUCE A JACKSON TREASURER 6.00 X X 0 0 0 JOHN H PIERCE SECRETARY 6.00 X X 0 0 0 KARL D BRENSIKE TRUSTEE 4.00 X 0 0 0 ROBERT W DUDLEY TRUSTEE 5.00 X 0 0 0 DONALD V FITES TRUSTEE 5.00 X 0 0 0 CHRISTOPHER J HEDBERG TRUSTEE 0.50 X 0 0 0 FREDERICK A HEGELE TRUSTEE 5.00 X 0 0 0 CHARLES J MAXWELL JR TRUSTEE 8.00 X 0 0 0 DAVID S MOYER TRUSTEE 2.00 X 0 0 0 JOHN R MURRAY JR TRUSTEE 2.00 X 0 0 0 ARI J OFFICER TRUSTEE 3.00 X 0 0 0 CARL J STONEY JR TRUSTEE 5.00 X 0 0 0 JERRY C WATSON TRUSTEE 0.50 X 0 0 0 WAYNE W WILSON TRUSTEE 5.00 X 0 0 0 PAMELA P HAWKINS CHIEF FINANCIAL OFFICER 40.00 X 146015 0 9937 BENJAMIN S NICOL CHIEF EXECUTIVE OFFICER 40.00 X 206874 0 24383 DREW M THAWLEY CHIEF ADVANCEMENT OFFICER 40.00 X 172017 0 46506 LEE FULLER VP OF DEVELOPMENT 40.00 X 105586 0 17489 630492 0 98315 4 0 1 0 0 1846156 151341 1846156 CHAPTER DEVELOPMENT SERVICES 541900 90011 90011 90011 3635911 3635911 712717 130705 582012 582012 582012 6114789 5952281 2456 162508 -2456 160052 160052 6314142 90011 0 4377975 169763 169763 494141 494141 605732 291080 151656 162996 956451 351064 284728 320659 42216 15958 13613 12645 51954 13169 16190 22595 109310 44967 30436 33907 102739 71690 29966 1083 46622 9980 36642 96200 96200 191752 108180 53611 29961 208383 16527 23012 168844 91066 15216 45612 30238 4271 760 2749 762 145177 75494 49358 20325 333661 127213 65089 141359 20472 2646 8109 9717 176585 91807 60859 23919 38411 38411 GIFTED POLICY INSURANCE 218637 109318 109319 DUES, LICENSES, AND SUB 74844 9175 15147 50522 BAD DEBT EXPENSE -1460 -1460 4176927 2018148 1130707 1028072 1258317 1024753 37005424 3265734 710765 485056 284417 308773 2513683 2344563 69101 52436 5054467 2830509 1235654 2223958 33623169 72753575 515552 397743 77216082 82856591 269114 272103 505725 568075 66120 73820 840959 913998 X 39771455 42500593 36603668 39442000 76375123 81942593 77216082 82856591 X 2137215 3548064 -117809 X X 0 1 X 1 0 X 2186767 2965758 3256842 2574107 1846156 12829630 2186767 2965758 3256842 2574107 1846156 12829630 481944 12347686 639275 1321828 2175552 2881988 4348628 11367271 269873 444569 714442 24911343 556671 0.49570 0.57760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113951 X 0 30662820 500 3018531 1281979 32399872 1052646 28871111 908742 169679 30662820 1087916 224 -12029 23465 1052646 991545 119456 23085 1087916 927584 26100 58984 21123 991545 0.73557 0.01879 0.24564 0 0 137000 137000 4359010 2287592 2071418 444506 428966 15540 113951 113951 0 2223958 CUSTOMER DEPOSITS 73820 73820 X 9778902 3548064 -117809 3430255 6348647 96200 -130705 -34505 6314142 4211432 130705 130705 4080727 96200 96200 4176927 PART III, LINE 4: OVER THE COURSE OF THE FOUNDATION'S EXISTENCE, IT HAS PERIODICALLY BEEN GIFTED HISTORICAL ITEMS, INCLUDING OFFICE FURNITURE AND ART. THESE ITEMS EITHER PROVIDE DECORATION FOR THE FOUNDATION'S OFFICES OR ARE USED AS FUNCTIONAL PIECES OF FURNITURE. PART V, LINE 4: THE FOUNDATION HAS A POLICY FOR ITS ENDOWMENT FUNDS OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4.5% OF THE ENDOWMENT FUND'S ROLLING FIVE-YEAR QUARTERLY MARKET VALUE AVERAGE FOR SCHOLARSHIPS, GRANTS AND OTHER ALLOWABLE EXPENSES WITH THE EXCEPTION OF ENDOWED FUNDS GOVERNED BY SPECIFIC GIFT AGREEMENTS. IN ESTABLISHING THIS POLICY, THE FOUNDATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ASSETS HELD FOR ENDOWMENT. THE FOUNDATION'S OBJECTIVE IS TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND SIMILAR STATE LAW. THE SINGLE MEMBER LLCS ARE EXEMPT AS PROGRAMS UNDER THE FOUNDATION'S NOT-FOR-PROFIT EXEMPTION AND ARE INCLUDED IN THE INCOME TAX FILINGS OF THE FOUNDATION. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME. AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION IS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CERTAIN INVESTMENT INCOME WAS CONSIDERED UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH DECEMBER 31, 2023. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF GIFT ANNUITY 1,798. CHANGE IN VALUE OF BENEFICIAL INTEREST -102,003. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -17,604. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME -130,705. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME 130,705. 1 UNIVERSITY OF ILLINOIS ASSOCIATION OF PHI KAPPA PSI 911 SOUTH FOURTH STREET CHAMPAIGN IL 61820 376036062 501(C)(7) 15010 0 EDUCATION AREA GRANTS INDIANA EPSILON HOUSE CORPORATION 2885 SANFORD AVENUE SW 15251 GRANDVILLE MI 49418 351883933 501(C)(7) 58416 0 EDUCATION AREA GRANTS GEORGIA ALPHA HOUSING CORPORATION 3425 SELWYN FARMS LANE CHARLOTTE NC 28209 474666230 501(C)(7) 22970 0 EDUCATIONAL AREA GRANTS OHIO DELTA COMPANY 1812 NORTH HIGH STREET COLUMBUS OH 43201 316052859 501(C)(2) 67318 0 EDUCATIONAL OPERATING GRANTS PHI KAPPA PSI FRATERNITY INC 5395 EMERSON WAY INDIANAPOLIS IN 46226 362362161 501(C)(7) 6049 0 EDUCATIONAL PROGRAM GRANT 0 5 SCHOLARSHIPS - NATIONAL AWARDS 50 156800 SCHOLARSHIPS - CHAPTER AWARDS 368 331039 LEADERSHIP PROGRAM GRANTS 6 1500 FELLOWSHIP GRANTS 5 4802 PART I, LINE 2: GRANT MONIES PROVIDED FOR EDUCATIONAL PROGRAM RELATED EFFORTS ARE DISBURSED IN ACCORDANCE WITH AN EXECUTED GRANT AGREEMENT. SUCH AGREEMENTS PROVIDE FOR THE PERCENTAGE OF THE PROGRAM, WHICH ACCORDING TO A LEGAL OPINION, IS DEEMED EDUCATIONAL. FURTHER, EACH AGREEMENT OUTLINES THE REPORTING REQUIREMENTS. SCHOLARSHIPS AND FELLOWSHIPS ARE AWARDED FOR BOTH QUALITATIVE AND QUANTITATIVE SUCCESSES AND ACCOMPLISHMENTS. ALL GRANT AND SCHOLARSHIP DISBURSEMENTS ARE MONITORED INTERNALLY BY STAFF AND, IN APPLICABLE CASES, CONFIRMED BY THE COLLEGE OR UNIVERSITY. X X 0 0 0 0 0 0 0 1 0 BENJAMIN S NICOL CHIEF EXECUTIVE OFFICER 186424 0 20000 0 450 0 12914 0 11469 0 231257 0 0 0 DREW M THAWLEY CHIEF ADVANCEMENT OFFICER 159966 0 12051 0 0 0 8331 0 38175 0 218523 0 0 0 PAMELA P HAWKINS CHIEF FINANCIAL OFFICER 139469 0 6546 0 0 0 6137 0 3800 0 155952 0 0 0 PART I, LINE 7 PERFORMANCE-BASED COMPENSATION IS PROVIDED TO EMPLOYEES BASED ON THE RESULTS OF WEIGHTED PERFORMANCE GOALS, BOTH QUALITATIVE AND QUANTITATIVE, WHICH ARE DETERMINED AND DEFINED AT THE BEGINNING OF EACH YEAR. THESE GOALS ARE ALIGNED WITH THE ORGANIZATION'S STRATEGIC PRIORITIES. THE ORGANIZATION FOLLOWS A STRUCTURED AND COMPETITIVE COMPENSATION REVIEW PROCESS THAT INCLUDES BENCHMARKING AGAINST SIMILARLY SITUATED NONPROFIT ORGANIZATIONS AND THE REVIEW OF INDEPENDENT COMPENSATION DATA TO ENSURE COMPLIANCE, FAIRNESS, AND REASONABLENESS. X 18 151341 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE FOUNDATION UTILIZES FIDELITY AND FOCUS PARTNERS WEALTH TO SELL DONATED SECURITIES. FORM 990, PART III, LINE 4A THE ENDOWMENT FUND ADVANCES ITS MISSION OF FOSTERING ACADEMIC EXCELLENCE, LEADERSHIP, AND PERSONAL GROWTH BY INVESTING IN STUDENTS THROUGH SCHOLARSHIPS, MENTORING, HOUSING, AND EDUCATIONAL PROGRAMMING DIRECTLY AS WELL AS THROUGH THE NELSON LEADERSHIP INSTITUTE AND EDUCATIONAL GRANTS TO THE PHI KAPPA PSI FRATERNITY. AT THE HEART OF THESE EFFORTS IS PHI PSI'S NINE DIMENSIONS OF WELLNESS: INTELLECTUAL, OCCUPATIONAL, FINANCIAL, PHYSICAL, ENVIRONMENTAL, EMOTIONAL, SPIRITUAL, SOCIAL, AND CULTURAL. ORGANIZED THROUGH THE FRAMEWORK OF MIND, HEART, AND SOUL, THIS MODEL ENSURES THAT PROGRAMMING AND GRANTING EFFORTS SUPPORT THE WHOLE STUDENT, CULTIVATING RESILIENCE, BELONGING, AND PURPOSE. AS ONE UNDERGRADUATE DESCRIBED, "PHI PSI PROGRAMS DON'T JUST MAKE YOU A BETTER STUDENT THEY MAKE YOU A BETTER MAN. I'M WALKING AWAY WITH CLARITY ABOUT MY FUTURE." SCHOLARSHIPS & FELLOWSHIPS IN 2024, THE FOUNDATION INVESTED NEARLY $492,641 IN SCHOLARSHIPS AND FELLOWSHIPS TO SUPPORT THE ACADEMIC PURSUITS OF UNDERGRADUATE AND GRADUATE BROTHERS. MORE THAN 560 STUDENTS APPLIED, RESULTING IN 50 NATIONAL SCHOLARSHIPS AND 5 NATIONAL FELLOWSHIPS, ALONGSIDE 368 AWARDS GRANTED THROUGH CHAPTER AND DISTRICT FUNDS. THESE AWARDS ARE MORE THAN FINANCIAL SUPPORT THEY ARE A TANGIBLE EXPRESSION OF BROTHERHOOD AND BELIEF IN THE POTENTIAL OF TODAY'S STUDENTS. RECIPIENTS CONSISTENTLY DESCRIBE THE IMPACT AS TRANSFORMATIVE. ONE STUDENT SHARED THAT THE RECOGNITION "REMINDED ME THAT ALUMNI I'VE NEVER MET BELIEVE IN MY POTENTIAL, AND THAT BELIEF MOTIVATES ME TO EXCEL AND TO ONE DAY PAY IT FORWARD." SCHOLARSHIPS THEREFORE EMBODY BOTH THE MIND PILLAR, BY REMOVING BARRIERS TO ACADEMIC ACHIEVEMENT, AND THE HEART PILLAR, BY REINFORCING THE BONDS OF TRUST, ENCOURAGEMENT, AND SHARED PURPOSE THAT SPAN GENERATIONS OF PHI PSIS. EACH AWARD NOT ONLY LESSENS FINANCIAL STRAIN BUT ALSO AFFIRMS TO STUDENTS THAT THEY ARE PART OF A LIVING LEGACY ONE THAT CALLS THEM TO PURSUE EXCELLENCE AND EXTEND THAT SAME SUPPORT TO OTHERS. EXPLORE - CAREER IMMERSION EXTERNSHIPS EXPLORE AN AWARD-WINNING CAREER IMMERSION EXTERNSHIP THAT UNITES UNDERGRADUATE PHI PSIS WITH ALUMNI WHO SHARE THEIR PROFESSIONAL ASPIRATIONS EXPANDED IN 2024 WITH ADDITIONAL SESSIONS. SUPPORTED BY THE ENDOWMENT FUND, EXPLORE MOVES BEYOND THE SCOPE OF TRADITIONAL LEADERSHIP AND PROFESSIONAL DEVELOPMENT CONFERENCES BY IMMERSING STUDENTS IN REAL-TIME, REAL-WORLD LEARNING ENVIRONMENTS WHERE THEY SHADOW ACCOMPLISHED ALUMNI AND OBSERVE INDUSTRIES FIRSTHAND. THE PROGRAM EMBODIES THE MIND PILLAR OF PHI PSI'S DEVELOPMENTAL FRAMEWORK BY ADVANCING INTELLECTUAL, OCCUPATIONAL, AND FINANCIAL WELLNESS. OVER SEVERAL DAYS, STUDENTS GAIN EXPOSURE TO THE DAY-TO-DAY REALITIES OF A PROFESSION, FROM STRATEGIC DECISION-MAKING TO ORGANIZATIONAL CULTURE. ONE PARTICIPANT REFLECTED, "EXPLORE DIDN'T JUST GIVE ME A GLIMPSE OF A CAREER IT GAVE ME A NETWORK OF PHI PSI ALUMNI WHO OPENED DOORS I NEVER THOUGHT POSSIBLE." WHAT MAKES EXPLORE DISTINCTIVE IS ITS CUSTOMIZED LEARNING PATHWAYS. IN ADDITION TO BROAD EXPOSURE ACROSS AN INDUSTRY, EACH PARTICIPANT SELECTS A NICHE TRACK WHETHER FINANCE AND INVESTMENT, CONSTRUCTION MANAGEMENT, ARCHITECTURE AND DESIGN, OR RENEWABLE ENERGY. THIS TAILORED APPROACH ALLOWS UNDERGRADUATES TO ASK TARGETED QUESTIONS, DEEPEN EXPERTISE IN THEIR AREA OF INTEREST, AND BUILD LASTING RELATIONSHIPS WITH ALUMNI MENTORS. THE OUTCOMES EXTEND BEYOND CAREER PREPARATION. EXPLORE FOSTERS EMOTIONAL WELLNESS BY INSTILLING CONFIDENCE IN STUDENTS' PROFESSIONAL IDENTITIES, SOCIAL WELLNESS BY STRENGTHENING NETWORKS OF BELONGING THROUGH ALUMNI CONNECTIONS, AND CULTURAL WELLNESS BY EXPOSING PARTICIPANTS TO DIVERSE WORKPLACES AND GLOBAL PERSPECTIVES. BY SITUATING CAREER EXPLORATION WITHIN PHI PSI'S VALUES-DRIVEN MODEL OF MIND, HEART, AND SOUL, EXPLORE TRANSFORMS PROFESSIONAL DEVELOPMENT INTO A HOLISTIC GROWTH EXPERIENCE PREPARING STUDENTS NOT JUST FOR THEIR FIRST JOB, BUT FOR A LIFETIME OF PURPOSEFUL IMPACT. LAUNCH - ADAPTIVE LEADERSHIP PILOT IN 2024, PHI PSI PILOTED LAUNCH, A THREE-DAY LEADERSHIP PROGRAM HELD AT CAMP TECUMSEH IN INDIANA, DESIGNED TO PREPARE UNDERGRADUATES TO LEAD WITH COURAGE, ADAPTABILITY, AND INTEGRITY. MORE THAN 30 STUDENTS FROM MULTIPLE CHAPTERS PARTICIPATED IN THIS IMMERSIVE EXPERIENCE, WHICH CENTERED ON THE HEART PILLAR BY CULTIVATING EMOTIONAL, SOCIAL, AND CULTURAL WELLNESS. THE PROGRAM COMBINED LOW- AND HIGH-CHALLENGE COURSES, TEAM PROBLEM-SOLVING ACTIVITIES, AND REFLECTIVE DEBRIEFS, ALLOWING STUDENTS TO PRACTICE LEADERSHIP UNDER PRESSURE IN BOTH INDIVIDUAL AND GROUP SETTINGS. THE CURRICULUM EMPHASIZED ADAPTIVE LEADERSHIP THE ABILITY TO NAVIGATE COMPLEXITY, DIAGNOSE PROBLEMS, AND CREATE VALUES-BASED SOLUTIONS. BY INTEGRATING LESSONS IN CONFLICT NAVIGATION, STAKEHOLDER MANAGEMENT, AND WELLNESS, LAUNCH GAVE PARTICIPANTS TOOLS TO LEAD IN ENVIRONMENTS OF UNCERTAINTY. AS ONE UNDERGRADUATE REFLECTED, "LAUNCH PUSHED ME TO SEE MYSELF DIFFERENTLY. I WALKED AWAY NOT ONLY WITH NEW SKILLS, BUT WITH A CLEARER SENSE OF WHO I WANT TO BE AS A LEADER." FACILITATORS OBSERVED SIMILAR TRANSFORMATIONS, NOTING THAT PARTICIPANTS LEFT WITH BOTH A PRACTICAL LEADERSHIP BLUEPRINT AND A STRONGER SENSE OF CONFIDENCE, BELONGING, AND RESPONSIBILITY TO THEIR CHAPTERS AND COMMUNITIES. LAUNCH REPRESENTS A POWERFUL EXTENSION OF PHI PSI'S LEADERSHIP DEVELOPMENT CONTINUUM, WHERE THE NINE DIMENSIONS OF WELLNESS ARE REINFORCED THROUGH EXPERIENTIAL LEARNING. STUDENTS LEAVE NOT ONLY WITH ENHANCED LEADERSHIP CAPACITY BUT ALSO WITH A RENEWED COMMITMENT TO LIVE OUT THE FRATERNITY'S VALUES IN MEANINGFUL AND TANGIBLE WAYS. MENTORING ADVANTAGE PROGRAM THE ENDOWMENT FUND CONTINUES TO SUPPORT THE WINEMAN MENTORING ADVANTAGE PROGRAM (MAP) AS IT BUILDS STRUCTURED, ANNUAL MENTORING RELATIONSHIPS BETWEEN UNDERGRADUATES AND ALUMNI. BY PAIRING STUDENTS WITH BROTHERS IN THEIR CHOSEN FIELDS, MAP ADVANCES MIND, BY SHARPENING CAREER READINESS AND PROFESSIONAL DEVELOPMENT, WHILE ALSO CULTIVATING HEART, BY STRENGTHENING THE BONDS OF CONNECTION AND BELONGING ACROSS GENERATIONS. STUDENTS CONSISTENTLY DESCRIBE MAP AS A TURNING POINT IN THEIR PHI PSI JOURNEY. ONE MENTEE EXPLAINED THAT HAVING AN ALUMNUS IN HIS FIELD TO GUIDE HIM "WASN'T JUST ABOUT JOBS IT WAS ABOUT LEARNING HOW TO CARRY MYSELF AS A PROFESSIONAL AND AS A BROTHER." THIS SENTIMENT CAPTURES THE ESSENCE OF MAP: IT IS AS MUCH ABOUT SHAPING CHARACTER AND CONFIDENCE AS IT IS ABOUT OPENING CAREER DOORS. ALUMNI MENTORS ECHO THIS IMPACT, OFTEN SHARING THAT THEIR INVOLVEMENT REKINDLES THEIR OWN FRATERNITY CONNECTION AND PROVIDES A MEANINGFUL WAY TO GIVE BACK. TOGETHER, THESE RELATIONSHIPS EMBODY PHI PSI'S ENDURING COMMITMENT TO MUTUAL SUPPORT, ENSURING THAT THE WISDOM OF ONE GENERATION DIRECTLY STRENGTHENS THE NEXT. EMBARK - NEW MEMBER DEVELOPMENT EMBARK SERVES AS THE FOUNDATION OF EVERY PHI PSI JOURNEY, INTRODUCING NEW MEMBERS TO THE FRATERNITY'S VALUES AND HELPING THEM GROW IN EMOTIONAL INTELLIGENCE, SELF-AWARENESS, AND CULTURAL UNDERSTANDING. BY GROUNDING THE EARLIEST STAGES OF MEMBERSHIP IN REFLECTION AND INCLUSIVITY, EMBARK EMBODIES THE SOUL PILLAR OF PHI PSI'S DEVELOPMENTAL FRAMEWORK, ALIGNING A BROTHER'S PERSONAL VALUES WITH HIS DAILY ACTIONS. PARTICIPANTS CONSISTENTLY SHARE THAT THE PROGRAM RESHAPES THEIR UNDERSTANDING OF FRATERNITY. AS ONE NEW MEMBER EXPRESSED, EMBARK HELPED HIM "SEE FRATERNITY AS MORE THAN JUST SOCIAL LIFE IT IS A COMMITMENT TO PERSONAL GROWTH, SERVICE, AND LIVING WITH INTEGRITY." THROUGH THIS INTENTIONAL START, MEMBERS ARE EQUIPPED NOT ONLY TO SUCCEED WITHIN PHI PSI BUT TO CARRY THE FRATERNITY'S IDEALS INTO THEIR BROADER CAMPUS AND COMMUNITY LIVES. BY INTEGRATING THE NINE DIMENSIONS OF WELLNESS, EMBARK ENSURES THAT FROM DAY ONE, PHI PSI BROTHERS LEARN THAT LEADERSHIP, BELONGING, AND WELLNESS ARE INSEPARABLE AND THAT TRUE FRATERNITY IS LIVED THROUGH PURPOSE AND ACTION. ELEVATE - HEALTH AND WELLNESS ELEVATE IS PHI PSI'S COMPREHENSIVE HEALTH AND WELLNESS INITIATIVE, DESIGNED TO EQUIP MEMBERS WITH RESOURCES AND AWARENESS TO THRIVE AS WHOLE INDIVIDUALS. ROOTED IN THE HEART AND SOUL PILLARS, ELEVATE PROMOTES EMOTIONAL RESILIENCE, PHYSICAL WELL-BEING, AND SOCIAL RESPONSIBILITY WHILE ADDRESSING SOME OF THE MOST PRESSING CHALLENGES FACING TODAY'S STUDENTS. EVERY NEW MEMBER PARTICIPATES IN TIGHTROPE, AN ONLINE PREVENTION PROGRAM THAT TACKLES CRITICAL TOPICS SUCH AS ALCOHOL MISUSE, HAZING, AND SEXUAL MISCONDUCT, ENSURING THAT ALL BROTHERS BEGIN THEIR JOURNEY WITH A FOUNDATION OF SAFETY AND ACCOUNTABILITY. THROUGHOUT THE YEAR, CHAPTERS ENGAGE IN NATIONAL AWARENESS CAMPAIGNS LIKE SUICIDE PREVENTION WEEK AND MOVEMBER, WHICH SPARK MEANINGFUL CONVERSATIONS AROUND MEN'S MENTAL HEALTH, HOLISTIC WELLNESS, AND THE IMPORTANCE OF SEEKING HELP. FORM 990, PART III, LINE 4A CONT'D THE ENDOWMENT FUND IS PROUD TO UNDERWRITE PHI PSI'S PARTNERSHIP WITH BETTERMYND, AN ONLINE THERAPY PLATFORM THAT EXPANDS ACCESS TO PROFESSIONAL MENTAL HEALTH CARE FOR UNDERGRADUATES. THROUGH THIS INITIATIVE, EVERY MEMBER RECEIVES THREE FREE, CONFIDENTIAL TELETHERAPY SESSIONS WITH LICENSED COUNSELORS, AVAILABLE AT FLEXIBLE TIMES AND FROM ANY LOCATION. FOR MANY STUDENTS, THIS SUPPORT HAS BEEN NOTHING SHORT OF LIFE-CHANGING. ONE BROTHER REFLECTED THAT "KNOWING I COULD ACCESS CONFIDENTIAL COUNSELING WITHOUT COST MADE ME FEEL SEEN AND SUPPORTED. IT REMINDED ME THAT PHI PSI CARES ABOUT THE WHOLE PERSON, NOT JUST THE STUDENT." BY MAKING MENTAL HEALTH RESOURCES BOTH ACCESSIBLE AND STIGMA-FREE, THE BETTERMYND PARTNERSHIP REINFORCES THE HEART AND SOUL PILLARS OF PHI PSI'S DEVELOPMENTAL FRAMEWORK SUPPORTING EMOTIONAL RESILIENCE, REDUCING BARRIERS TO CARE, AND ENSURING THAT EVERY MEMBER HAS THE TOOLS TO NAVIGATE LIFE'S CHALLENGES WITH CONFIDENCE. BY COMBINING EDUCATION, PREVENTION, AND ACCESS TO PROFESSIONAL CARE, ELEVATE REFLECTS THE PHI PSI'S COMMITMENT TO THE NINE DIMENSIONS OF WELLNESS. IT ENSURES THAT MEMBERS ARE NOT ONLY PREPARED TO SUCCEED IN SCHOOL AND LEADERSHIP, BUT ALSO EQUIPPED TO MAINTAIN BALANCE, PRIORITIZE WELL-BEING, AND SUPPORT ONE ANOTHER THROUGH THE CHALLENGES OF COLLEGE LIFE. CHAPTER HOUSING AND LIVING-LEARNING COMMUNITIES BEYOND SCHOLARSHIPS AND LEADERSHIP PROGRAMS, THE ENDOWMENT FUND HELPS MAINTAIN THE EDUCATIONAL SPACES WHERE FRATERNITY LIFE UNFOLDS AND LEARNING OCCURS. IN 2024, MORE THAN $169,000 IN EDUCATIONAL HOUSING GRANTS WERE AWARDED, WHILE THE FOUNDATION'S ENDOWED FUNDS CONTINUED TO PROVIDE LENDING CAPACITY THAT ENABLES CHAPTERS AND HOUSE CORPORATIONS TO PURSUE MAJOR RENOVATIONS, EXPANSIONS, AND REBUILDS. THESE FINANCIAL TOOLS ENSURE THAT PHI PSI'S LIVING SPACES ARE NOT ONLY SAFE AND MODERN, BUT ALSO EQUIPPED TO MEET THE EVOLVING EDUCATIONAL NEEDS OF TODAY'S STUDENTS. YET THESE HOUSES ARE FAR MORE THAN BUILDINGS. THEY FUNCTION AS LIVING-LEARNING COMMUNITIES, WHERE ACADEMIC SUPPORT, MENTORING, AND BROTHERHOOD INTERSECT EVERY DAY. ALUMNI OFTEN DESCRIBE THEM AS "INCUBATORS FOR LEADERSHIP AND BELONGING," EMPHASIZING THE ROLE THAT STRONG PHYSICAL ENVIRONMENTS PLAY IN SHAPING PERSONAL AND PROFESSIONAL GROWTH. AS ONE ALUMNUS OBSERVED, "A STRONG HOUSE IS MORE THAN A ROOF IT'S A COMMUNITY THAT SHAPES MEN'S LIVES. THE ENDOWMENT FUND'S SUPPORT ENSURES THESE SPACES REMAIN CENTERS OF LEARNING AND LEADERSHIP." BY INVESTING IN FACILITIES, THE ENDOWMENT FUND IS INVESTING IN THE MIND, BY PROVIDING STUDY-FRIENDLY ENVIRONMENTS; THE HEART, BY CREATING SPACES OF CONNECTION AND INCLUSION; AND THE SOUL, BY ENSURING THAT CHAPTER HOUSES REMAIN SAFE, VALUES-DRIVEN COMMUNITIES WHERE WELLNESS IS PRIORITIZED. THESE LIVING-LEARNING ENVIRONMENTS STAND AS ENDURING SYMBOLS OF PHI PSI'S COMMITMENT TO HOLISTIC DEVELOPMENT AND THE IDEALS OF THE CREED, PREPARING BROTHERS TO LEAD AND SERVE LONG AFTER THEIR UNDERGRADUATE YEARS. NINE DIMENSIONS OF WELLNESS - MIND, HEART, AND SOUL IN ACTION TOGETHER, THESE PROGRAMS, SCHOLARSHIPS AND GRANTS REFLECT THE INTEGRATION OF THE NINE DIMENSIONS OF WELLNESS ACROSS THE FRAMEWORK OF MIND, HEART, AND SOUL. EXPLORE AND MAP DRIVE INTELLECTUAL AND OCCUPATIONAL GROWTH. LAUNCH AND ELEVATE STRENGTHEN EMOTIONAL RESILIENCE AND COMMUNITY BELONGING. EMBARK INSTILLS VALUES AND CULTURAL AWARENESS. HOUSING GRANTS SUSTAIN SAFE ENVIRONMENTS THAT SUPPORT ACADEMIC AND PERSONAL DEVELOPMENT. AS ONE STUDENT SUMMARIZED, "THROUGH PHI PSI, I'VE GROWN IN EVERY DIMENSION - ACADEMICALLY, SOCIALLY, AND PERSONALLY. I FEEL READY FOR WHAT COMES NEXT." FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO STAFF. STAFF REVIEWS THE DRAFT AND OFFERS CORRECTIONS AND EDITS PRIOR TO A SECOND DRAFT BEING REVIEWED BY THE FOUNDATION'S AUDIT COMMITTEE. AFTER ANY CORRECTIONS ARE MADE ON BEHALF OF THE AUDIT COMMITTEE, A FINAL VERSION IS PROVIDED TO THE FOUNDATION'S TRUSTEES FOR THEIR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION PROVIDES ALL PARTIES (STAFF, TRUSTEES, ETC.) YEARLY WITH A WRITTEN COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. INDIVIDUALS ARE REQUIRED TO EXECUTE A COPY WHICH IS THEN REVIEWED BY STAFF AND THE AUDIT COMMITTEE. ANY POTENTIAL CONFLICTS OF INTEREST THAT ARISE FROM COMPLETION OF THE FORM OR THAT SUBSEQUENTLY ARE BROUGHT TO THE ATTENTION OF STAFF OR A TRUSTEE ARE ADDRESSED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE FOUNDATION'S CHIEF EXECUTIVE OFFICER IS DETERMINED AND APPROVED BY THE FOUNDATION'S TRUSTEES BASED UPON A REVIEW OF ESTABLISHED OBJECTIVES AND ANALYSIS OF LOCAL AND NATIONAL SALARY SURVEYS/DATA. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE -17,604. CHANGE IN BENEFICIAL INTERESTS IN PERPETUAL TRUSTS -102,003. CHANGE IN VALUE OF GIFT ANNUITY 1,798. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. NO PROCESSES HAVE CHANGED FROM PRIOR YEAR. PKP MCMAHAN FINANCE ENGINE LLC 5395 EMERSON WAY INDIANAPOLIS IN 46226 366130655 PAY INSURANCE PREMIUMS ON BEHALF OF THE FOUNDATION IN 1938931 16034705 THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY PHI KAPPA PSI FRATERNITY INC 5395 EMERSON WAY INDIANAPOLIS IN 46226 262362161 FRATERNAL ORGANIZATION IN 501(C)(7) N/A N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 PHI KAPPA PSI FRATERNITY INC J 113227 FAIR MARKET VALUE PHI KAPPA PSI FRATERNITY INC Q 140250 FAIR MARKET VALUE