2022-06-10T14:12:09-05:00 2021-07-31 420714325 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2020-08-01 526063291 PHI BETA KAPPA FOUNDATION PHIB 2022653808 1606 NEW HAMPSHIRE AVE NW WASHINGTON DC 200092512 FREDERICK M LAWRENCE SECRETARY/CEO 2022653808 2022-06-10 1 FREDERICK LAWRENCE 999009999 ELIZABETH W HELLER P00397829 2022932200 2022-06-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z FREDERICK M LAWRENCE 1606 NEW HAMPSHIRE AVE NW WASHINGTON DC 200092512 11475704 0 X NONE X 1924 NY ORGANIZED FOR THE CREATION OF FUNDS OR ENDOWMENTS FOR THE PROMOTION OF SOUND LEARNING THROUGH THE ESTABLISHMENT OF FELLOWSHIPS, AWARDS AND SIMILAR ITEMS. 15 15 0 25 0 0 0 0 0 0 571871 4236451 21390 36690 593261 4273141 755979 141097 0 0 105183 61780 0 0 10446 487185 418021 1348347 620898 -755086 3652243 37754258 45858978 682983 367464 37071275 45491514 X ORGANIZED FOR THE CREATION OF FUNDS OR ENDOWMENTS FOR THE PROMOTION OF SOUND LEARNING THROUGH THE ESTABLISHMENT OF FELLOWSHIPS, AWARDS & SIMILAR ITEMS. 0 0 287284 141097 AWARDS AND FELLOWSHIPS: THE MARY ISABEL SIBLEY FELLOWSHIP IS AWARDED TO WOMEN SCHOLARS EVERY YEAR, ALTERNATING BETWEEN GREEK AND FRENCH. THE WALTER J. JENSEN FELLOWSHIP IS AWARDED FOR AT LEAST SIX MONTHS OF STUDY IN FRANCE. THE PURPOSE OF THE FELLOWSHIP IS TO HELP EDUCATORS AND RESEARCHERS IMPROVE EDUCATION IN STANDARD FRENCH LANGUAGE, LITERATURE, AND CULTURE. THE DR. MARTIN R. LEBOWITZ AND EVE LEWELLIS LEBOWITZ PRIZES FOR PHILOSOPHICAL ACHIEVEMENT AND CONTRIBUTION ARE AWARDED TO PROVIDE SIGNIFICANT, TANGIBLE RECOGNITION FOR EXCELLENCE IN PHILOSOPHICAL THOUGHT. THE LEBOWITZ SYMPOSIUM PROGRAM CONSISTS OF A PAIR OF ANNUAL LECTURES TO BE DELIVERED SEQUENTIALLY AT A DIVISION MEETING OF THE AMERICAN PHILOSOPHICAL ASSOCIATION SELECTED BY THE HONOREES, OR LACKING THEIR AGREEMENT, BY THE PHI BETA KAPPA SOCIETY. THE TOPIC OF THE LECTURES IS AN IMPORTANT PHILOSOPHICAL ISSUE OF CURRENT INTEREST, AND THE LECTURES SHALL ORDINARILY BE CHOSEN TO OFFER CONTRASTING (NOT NECESSARILY OPPOSING) VIEWS ON THAT TOPIC. 287284 1 0 0 0 0 0 1 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X PHI BETA KAPPA SOCIETY 2022653808 1606 NEW HAMPSHIRE AVE NW WASHINGTON DC 200092512 PETER QUIMBY CHAIR 1.00 1.00 X X 0 0 0 LYNN PASQUERELLA VICE CHAIR 1.00 1.00 X X 0 0 0 JONATHAN LEWIS TREASURER 1.00 1.00 X 0 0 0 SUSAN CARLISLE TRUSTEE 1.00 1.00 X 0 0 0 LINDA GREENHOUSE TRUSTEE 1.00 1.00 X 0 0 0 JEAN HOWARD TRUSTEE 1.00 1.00 X 0 0 0 ESTHER JONES TRUSTEE 1.00 1.00 X 0 0 0 VERA JUNKERS TRUSTEE 1.00 1.00 X 0 0 0 JEFFREY KOVAC TRUSTEE 1.00 1.00 X 0 0 0 AMY MULNIX TRUSTEE 1.00 1.00 X 0 0 0 ERIC NYE TRUSTEE 1.00 1.00 X 0 0 0 CAROL O'DONNELL TRUSTEE 1.00 1.00 X 0 0 0 SUZIE PARK TRUSTEE 1.00 1.00 X 0 0 0 JOHN POPE TRUSTEE 1.00 1.00 X 0 0 0 JUDITH SHAPIRO TRUSTEE 1.00 1.00 X 0 0 0 RAJ CHAUDHURY TRUSTEE 1.00 1.00 X 0 0 0 BERNADINE BARNES TRUSTEE 1.00 1.00 X 0 0 0 CHRISTINE CANO TRUSTEE 1.00 1.00 X 0 0 0 JENNIFER YATES TRUSTEE 1.00 1.00 X 0 0 0 CAL VAN NIEWAL TRUSTEE 1.00 1.00 X 0 0 0 FREDERICK LAWRENCE SECRETARY/CEO 4.00 31.00 X 48942 379298 54789 EVAGREN CALDERA ASSISTANT SECRETARY/CHIEF OPERATING OFFICER 7.00 28.00 X 44049 176195 57093 92991 555493 111882 0 0 1 0 0 568651 568651 36600 0 36600 36600 36600 10870363 7202563 3667800 3667800 3667800 MISCELLANEOUS 900099 90 90 90 4273141 90 0 4273051 141097 141097 57552 37276 16650 3626 955 955 3273 2124 943 206 10416 10416 234852 35228 199624 6250 1849 4401 2525 1182 1266 77 1856 1351 502 3 58406 58406 REAL PROPERTY TAXES 73705 47739 21323 4643 OVERHEAD ALLOCATION 21345 13825 6175 1345 BUILDING OPERATING AND 8666 5613 2507 546 620898 287284 323168 10446 386417 89286 150000 150000 12500 541 5295161 1654596 3698972 3640565 21382210 23457315 12124159 18521271 37754258 45858978 3050 3050 679933 364414 682983 367464 X 25510670 31441862 11560605 14049652 37071275 45491514 37754258 45858978 3652243 4767997 0 X X 0 1 X 1 0 X X 1 PHI BETA KAPPA SOCIETY 530226282 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 X 1 0.00 1 1 1 1.00 11560605 2715210 226163 14049652 11157900 487861 85156 11560605 11403240 160914 406254 11157900 10962402 250000 647819 456981 11403240 10291621 1021944 351163 10962402 0.43139 0.56861 0 0 2514546 2514546 2780615 1654596 1126019 3640565 HEDGE FUNDS 16601434 F LIMITED PARTNERSHIPS 1919837 F 18521271 DUE TO PBK SOCIETY 364414 364414 X 8806284 4767995 4767995 4038289 234852 234852 4273141 386047 0 386047 234852 234852 620899 PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS ARE USED FOR THE FOLLOWING AWARDS: TERRILL BEQUEST: VISITING SCHOLAR PROGRAM JENSEN TRUST FUND: JENSEN AWARD FOR FRENCH STUDIES MARTIN R. LEBOWITZ FUND: LEBOWITZ AWARD FOR PHILOSOPHY EXCELLENCE WILLIAM A. GRANGER MEMORIAL FUND: PBK BOOK AWARDS MARY ISABEL SIBLEY AWARD FUND: SIBLEY AWARD FOR STUDIES OF FRENCH AND CLASSICS PATRICK ROMANELL AWARD FUND : ROMANELL AWARD FOR PHILOSOPHY LECTURE SERIES GITTLER AWARD FUND: VISITING SCHOLAR PROGRAM AURNER MEMORIAL AWARD FUND: TRIENNIAL COUNCIL AWARDS FRANK M. UPDIKE FUND: UPDIKE VISITING SCHOLAR SYDNEY HOOK MEMORIAL AWARD FUND: SIDNEY HOOK AWARD AT TRIENNIAL COUNCIL GERI BRAMAN HILL FUND: VISITING SCHOLAR PROGRAM DOROTHY ROSENBERG FELLOWSHIP FUND: HISTORY GRADUATE STUDENT SUPPORT RICHARD COUPER LECTURESHIP FUND: VISITING SCHOLARS AT TRIENNIAL COUNCIL AWARD FOR DISTINGUISHED SCHOLARS: AWARDS AT TRIENNIAL COUNCIL CRANOR ENDOWMENT FUND: CRANOR FAMILY VISITING SCHOLAR TRUESDELL FUND: SUPPORT FOR PHI BETA KAPPA SOCIETY PART X, LINE 2: A DEFERRED TAX ASSET HAS NOT BEEN REALIZED DUE TO THE UNCERTAINTY OF REALIZING A BENEFIT FROM THE NET OPERATING LOSS CARRY FORWARDS. PART II, LINE 9: THE FOUNDATION DOES NOT INCLUDE ITS CONSERVATION EASEMENT IN ITS REVENUE AND EXPENSE STATEMENTS, NOR ITS BALANCE SHEET, NOR DOES IT INCLUDE ANY VERBIAGE IN ITS FINANCIAL STATEMENTS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 3255344 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 1545960 0 0 0 0 0 0 4801304 0 4801304 1 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 SIBLEY FELLOWSHIP AWARD 1 10000 LEBOWITZ AWARD 4 75800 JENSEN AWARD 2 25297 GRANGER AWARD 3 30000 PART I, LINE 2: THE SIBLEY AND JENSEN AWARDS REQUIRE A FINAL REPORT. ALL OTHER AWARDS ARE BASED ON PAST ACHIEVEMENT. 0 0 0 0 0 0 0 0 0 FREDERICK LAWRENCE SECRETARY/CEO 48942 379298 0 0 0 0 3257 25243 3167 24541 55366 429082 0 0 EVAGREN CALDERA ASSISTANT SECRETARY/CHIEF OPERATING 44049 176195 0 0 0 0 4460 17839 7243 28970 55752 223004 0 0 PART I, LINE 3 THE FOUNDATION'S PERSONNEL ARE EMPLOYED BY THE PHI BETA KAPPA SOCIETY, A RELATED 501(C)(3) ORGANIZATION. THAT ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION: COMPENSATION SURVEY OR STUDY; APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 1 THE FOUNDATION HAS AN EXECUTIVE COMMITTEE, CONSISTING OF THE FOUNDATION'S CHAIRMAN AND VICE-CHAIRMAN, AS WELL AS AT LEAST THREE OTHER FOUNDATION TRUSTEES (ELECTED BY THE BOARD OF TRUSTEES). THE EXECUTIVE COMMITTEE EXERCISES ALL OF THE POWERS OF THE BOARD IN THE MANAGEMENT AND CONTROL OF THE BUSINESS AND AFFAIRS OF THE FOUNDATION, IN BETWEEN THE MEETINGS OF THE BOARD, IN ALL INSTANCES IN WHICH SPECIFIC DIRECTION HAS NOT BEEN GIVEN BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE FOUNDATION ARE, PER THE BYLAWS, MEMBERS OF PHI BETA KAPPA SOCIETY, THE FOUNDATION'S SUPPORTED ORGANIZATION. MEMBERS ARE CHOSEN SUCH THAT AT LEAST FOUR-FIFTHS ARE SENATORS OF THE SOCIETY. MEMBERS ARE ELECTED BY BALLOT AT THE ANNUAL MEMBER MEETING. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S TRUSTEES ARE ELECTED BY BALLOT BY THE MEMBERS, FROM AMONGST THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S SECRETARY AND ASSISTANT SECRETARY, AND THE EXECUTIVE COMMITTEE OF PHI BETA KAPPA FOUNDATION (WHICH HAS AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES OF THE FOUNDATION), AND THE FOUNDATION'S OUTSOURCED ACCOUNTANT REVIEW THE FORM 990 BEFORE APPROVING ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C FOUNDATION TRUSTEES ARE PROVIDED WITH HANDBOOKS THAT INCLUDE THE CONFLICT OF INTEREST POLICY UPON EMPLOYMENT OR ELECTION TO OFFICE. THE FOUNDATION REQUIRES ALL TRUSTEES TO SIGN A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. THE FOUNDATION DOES NOT HAVE ANY TRUSTEES STATING THEY HAVE A CONFLICT OF INTEREST AT THIS TIME. FORM 990, PART VI, SECTION B, LINE 15A THE FOUNDATION DOES NOT HAVE ITS OWN EMPLOYEES. THE EMPLOYEES OF THE PHI BETA KAPPA SOCIETY, THE FOUNDATION'S SUPPORTED ORGANIZATION, SERVE THE FOUNDATION AS WELL. ACCORDINGLY, THE FOLLOWING DESCRIBES THE PROCESS AT THE PHI BETA KAPPA SOCIETY. IN ALL CASES. SALARY REVIEWS INCLUDE STUDY OF COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE PHI BETA KAPPA SOCIETY'S PRESIDENT AND EXECUTIVE COMMITTEE REVIEW THE SECRETARY'S COMPENSATION. THE SECRETARY REVIEWS THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR. THE PHI BETA KAPPA SOCIETY 1606 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20009 530226282 TO RECOGNIZE AND ENCOURAGE SCHOLARSHIP DC 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 PBK SOCIETY M 332006 PBK SOCIETY N 21345 PBK SOCIETY O 61779