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Phi Kappa Theta Fraternity Beta Delta Alumni Association

Organization summary

Type of Nonprofit

Designated as a Corporations created to hold titles for property owned by another nonprofit.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$190k (2023)

Expenses
$153k (2023)

Total Assets
$433k (2023)

Total Liabilities
$135k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$189,594
Expenses
$153,150
Net Income
$36,444
Net Assets
$298,911
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,151
14.3%
Program Services $162,095
85.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $348
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $433,499
Total Liabilities $134,588
Net Assets $298,911
Compensation
Key Employees and Officers Compensation Related Other
Mark Olsen (President) $0 $0 $0
Thomas Kostal (Board Member) $0 $0 $0
Joe Mancusi (Board Member) $0 $0 $0
Mitch Darabaris (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$148,637
Expenses
$144,070
Net Income
$4,567
Net Assets
$262,467
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,324
8.3%
Program Services $135,993
91.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $320
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $416,410
Total Liabilities $153,943
Net Assets $262,467
Compensation
Key Employees and Officers Compensation Related Other
Mark Olsen (President) $0 $0 $0
Thomas Kostal (Board Member) $0 $0 $0
Joe Mancusi (Board Member) $0 $0 $0
Mitch Darabaris (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$145,027
Expenses
$143,533
Net Income
$1,494
Net Assets
$257,901
Notable Sources of Revenue Percent of Total Revenue
Contributions $500
0.3%
Program Services $144,095
99.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $432
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $425,140
Total Liabilities $167,239
Net Assets $257,901
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Olsen (Treasurer) $0 $0 $0
Keith Brauer (Board Member) $0 $0 $0
Joe Mancusi (Board Member) $0 $0 $0
Mitch Darabaris (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$181,639
Expenses
$128,209
Net Income
$53,430
Net Assets
$256,407
Notable Sources of Revenue Percent of Total Revenue
Contributions $800
0.4%
Program Services $180,833
99.6%
Investment Income $6
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $464,943
Total Liabilities $208,536
Net Assets $256,407
Compensation
Key Employees and Officers Compensation Other
Mark Olsen (Treasurer) $0 $0
Eric Redd (President) $0 $0
William Karsten (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$128,126
Expenses
$142,313
Net Income
-$14,187
Net Assets
$202,977
Notable Sources of Revenue Percent of Total Revenue
Contributions $500
0.4%
Program Services $127,615
99.6%
Investment Income $11
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $480,548
Total Liabilities $277,571
Net Assets $202,977
Compensation
Key Employees and Officers Compensation Other
Mark Olsen (Treasurer) $0 $0
Eric Redd (President) $0 $0
William Karsten (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$131,983
Expenses
$141,470
Net Income
-$9,487
Net Assets
$217,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $800
0.6%
Program Services $131,176
99.4%
Investment Income $7
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $471,742
Total Liabilities $254,578
Net Assets $217,164
Compensation
Key Employees and Officers Compensation Other
Mark Olsen (Treasurer) $0 $0
Eric Redd (President) $0 $0
William Karsten (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$62,825
Expenses
$142,431
Net Income
-$79,606
Net Assets
$226,651
Notable Sources of Revenue Percent of Total Revenue
Contributions $600
1.0%
Program Services $62,220
99.0%
Investment Income $5
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $481,008
Total Liabilities $254,357
Net Assets $226,651
Compensation
Key Employees and Officers Compensation Other
Mark Olsen (President) $0 $0
Eric Redd (Treasurer) $0 $0
William Karsten (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$105,232
Expenses
$127,654
Net Income
-$22,422
Net Assets
$306,257
Notable Sources of Revenue Percent of Total Revenue
Contributions $600
0.6%
Program Services $104,625
99.4%
Investment Income $7
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $495,903
Total Liabilities $189,646
Net Assets $306,257
Compensation
Key Employees and Officers Compensation Other
Mark Olsen (President) $0 $0
Eric Redd (Treasurer) $0 $0
William Karsten (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$31,909
Expenses
$147,255
Net Income
-$115,346
Net Assets
$328,679
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,950
6.1%
Program Services $29,959
93.9%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $485,439
Total Liabilities $156,760
Net Assets $328,679
Compensation
Key Employees and Officers Compensation Other
Mark Olsen (President) $0 $0
Eric Redd (Treasurer) $0 $0
William Karsten (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$130,599
Expenses
$156,709
Net Income
-$26,110
Net Assets
$444,025
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,710
9.0%
Program Services $118,885
91.0%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $500,117
Total Liabilities $56,092
Net Assets $444,025
Compensation
Key Employees and Officers Compensation Related Other
Mark Olsen (President) $0 $0 $0
Eric Redd (Treasurer) $0 $0 $0
William Karsten (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$133,804
Expenses
$182,171
Net Income
-$48,367
Net Assets
$470,135
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $133,720
99.9%
Investment Income $84
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $562,920
Total Liabilities $92,785
Net Assets $470,135

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$123,178
Expenses
$95,044
Net Income
$28,134
Net Assets
$518,502
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $123,150
100.0%
Investment Income $28
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $519,798
Total Liabilities $1,296
Net Assets $518,502

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$113,995
Expenses
$89,054
Net Income
$24,941
Net Assets
$490,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $113,941
100.0%
Investment Income $54
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $550,286
Total Liabilities $59,918
Net Assets $490,368

Document Links

Fiscal Year Ending Aug.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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