Nonprofit · EIN 75-6037541
PHI KAPPA PSI FRATERNITY
Also known as TEXAS BETA CHAPTER
Tax-exempt · LUBBOCK, TX 79416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2024 | 990 | $311,845 | $285,970 | $25,875 | $48,654 | $0 | $48,654 |
| August 31, 2023 | 990 | $295,630 | $299,853 | -$4,223 | $22,779 | $0 | $22,779 |
Financial details: 990 for the year ended August 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $311,845
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $580
- Occupancy
- $47,567
- Travel
- $9,350
- Program services (functional)
- $285,970
Balance sheet and other
- Total assets, start of year
- $22,779
- Total assets, end of year
- $48,654
- Total liabilities, end of year
- $0
- Net assets, end of year
- $48,654
- Gross receipts
- $311,845
- Employees
- 0
- Volunteers
- 16
- Year formed
- 1952
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DYLAN BICKLEY | CORRESPONDIN Officer | – | $0 |
| LANDON OVERMYER | PRESIDENT Officer | – | $0 |
| GALEN SAVAGE | TREASURER Officer | – | $0 |
| REAGAN VILMER | VICE PRESIDE Officer | – | $0 |
990 for the year ended August 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREYSON GAILEY | PRESIDENT Officer | – | $0 |
| BRYSON MCGEE | VICE PRESIDE Officer | – | $0 |
| ZEKE PORTER | TREASURER Officer | – | $0 |
| CASEY SYLVESTER | CORRESPONDIN Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 1406 ORLANDO AVE, LUBBOCK, TX 79416-6000
- Mailing address (990-N for 2019)
- 3403 36TH STREET, LUBBOCK TX 79413
- Principal officer (990 for 2023)
- GALEN SAVAGE, 1406 ORLANDO AVENUE, LUBBOCK, TX 79416
- Principal officer (990-N for 2019)
- ALEC HERNANDEZ, 3403 36TH STREET, LUBBOCK TX 79413
- Signed the 990
- GALEN SAVAGE, TREASURER
- Phone
- (469) 964-4150
- Return prepared by
- GREEK RESOURCE SERVICES LLC
Mission
THE PHI KAPPA PSI FRATERNITY ENGAGES MEN OF INTEGRITY, FURTHER DEVELOPS THEIR INTELLECT AND ENHANCES COMMUNITY INVOLVEMENT. WITH A LEGACY BUILT ON ACCEPTANCE AND TRUST, EACH BROTHER REALIZES HIS HIGHEST POTENTIAL THROUGH A LIFELONG EXPERIENCE OF SERVICE AND EXCELLENCE.
Program accomplishments
- PROVIDED MEALS, HOUSING AND SOCIAL PROGRAMS FOR THE LOCAL FRATERNITY MEMBERS - TOTAL OF 111 MEMBERS FOR THE YEAR.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | Not on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 75-6037541
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Group exemption
- 0301: PHI KAPPA PSI FRATERNITY
- Assets (IRS master file)
- $48,654
- Income (IRS master file)
- $311,845
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2024 | $311,845 | $285,970 | $48,654 | XML |
| 990 | August 2023 | $295,630 | $299,853 | $22,779 | XML |
| 990 | August 2022 | $463,921 | $460,599 | $27,002 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: ALEC HERNANDEZ | August 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: NICHOLAS ROWELL | August 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-6037541).
Questions about PHI KAPPA PSI FRATERNITY
- What is the EIN of PHI KAPPA PSI FRATERNITY?
- The employer identification number (EIN) of PHI KAPPA PSI FRATERNITY is 75-6037541.
- Is PHI KAPPA PSI FRATERNITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1941.
- Are donations to PHI KAPPA PSI FRATERNITY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PHI KAPPA PSI FRATERNITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHI KAPPA PSI FRATERNITY due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHI KAPPA PSI FRATERNITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2024.
- Who is the principal officer of PHI KAPPA PSI FRATERNITY?
- The 990 for the year ended August 31, 2024 names GALEN SAVAGE.
- Who are the officers and directors of PHI KAPPA PSI FRATERNITY?
- The 990 for the year ended August 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PHI KAPPA PSI FRATERNITY have?
- On its 990 for the year ended August 31, 2024 it reported revenue of $311,845, expenses of $285,970 and total assets of $48,654 at year end.
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