2021-06-01T12:29:07-05:00 2020-07-31 420714325 RSM US LLP 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2019-08-01 526063291 PHI BETA KAPPA FOUNDATION PHIB 2022653808 1606 NEW HAMPSHIRE AVE NW WASHINGTON DC 200092512 FREDERICK M LAWRENCE SECRETARY/CEO 2022653808 2021-06-01 1 ELIZABETH W HELLER P00397829 2022932200 2021-05-19 2019 2022-09-23 18:48:47Z FREDERICK M LAWRENCE 1606 NEW HAMPSHIRE AVE NW WASHINGTON DC 200092512 6607451 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 14972 7407 0 0 0 0 674100 571871 2789 21390 676889 593261 1277617 755979 0 0 187741 105183 0 0 16807 467941 487185 1933299 1348347 -1256410 -755086 37569411 37754258 800655 682983 36768756 37071275 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 700666 700666 GRANT PROVIDED TO THE PHI BETA KAPPA SOCIETY, THE FOUNDATION'S SUPPORTED 501(C)(3) ORGANIZATION, FOR GENERAL OPERATIONAL PURPOSES. 99188 55313 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. 799854 1 0 0 0 0 0 1 0 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 1 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 THE ORGANIZATION 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 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 (THROUGH DEC 2019) 1.00 1.00 X 0 0 0 KATHLEEN MCGARRY TRUSTEE (THROUGH DEC 2019) 1.00 1.00 X 0 0 0 STEVEN MILLER TRUSTEE (THROUGH DEC 2019) 1.00 1.00 X 0 0 0 FREDERICK LAWRENCE SECRETARY/CEO 4.00 31.00 X 44201 342561 52066 EVAGREN CALDERA ASSOCIATE SECRETARY/CHIEF OPERATING OFFICER 6.00 29.00 X 36584 176826 53157 MARGARET FARR CONTROLLER 11.00 24.00 X 34841 76018 34961 115626 595405 140184 0 0 1 0 0 505970 14972 490998 21390 0 21390 21390 21390 6080091 6014190 65901 65901 65901 593261 0 14972 578289 700666 700666 55313 55313 96254 16678 68537 11039 292 51 207 34 2695 488 1887 320 5942 987 4289 666 100959 100959 141730 20404 121326 995 995 5834 4336 110 1388 4346 1870 737 1739 70500 70500 REAL PROPERTY TAXES 90464 90464 OVERHEAD ALLOCATION 32929 -939 32247 1621 DISPOSAL 18956 18956 EQUIPMENT RENTAL & MAIN 15934 15934 4538 4538 1348347 799854 531686 16807 2104375 386417 150000 150000 12500 12500 5295161 1596189 3776027 3698972 20367300 21382210 11159209 12124159 37569411 37754258 3050 800655 679933 800655 682983 X 25610856 25510670 11157900 11560605 36768756 37071275 37569411 37754258 -755086 1057606 0 X X 0 1 X 1 0 X X 1 PHI BETA KAPPA SOCIETY 530226282 7 1 700666 0 1 700666 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 11157900 487861 85156 11560605 11403240 160914 406254 11157900 10962402 250000 647819 456981 11403240 10291621 1021944 351163 10962402 10420921 34428 163728 10291621 0.52430 0.47570 0 0 2514546 2514546 2780615 1596189 1184426 3698972 HEDGE FUNDS 10637523 F LIMITED PARTNERSHIPS 1486636 F 12124159 DUE TO PBK SOCIETY 679933 679933 1509137 1057606 1057606 451531 141730 141730 593261 1206618 0 1206618 141730 141730 1348348 PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS ARE USED FOR THE FOLLOWING AWARDS: TERRILL BEQUEST JENSEN TRUST FUND MARTIN R. LEBOWITZ FUND WILLIAM A. GRANGER MEMORIAL FUND MARY ISABEL SIBLEY AWARD FUND PATRICK ROMANELL AWARD FUND GITTLER AWARD FUND AURNER MEMORIAL AWARD FUND FRANK M. UPDIKE FUND SYDNEY HOOK MEMORIAL AWARD FUND GERI BRAMAN HILL FUND DOROTHY ROSENBERG FELLOWSHIP FUND RICHARD COUPER LECTURESHIP FUND AWARD FOR DISTINGUISHED SCHOLARS CRANOR ENDOWMENT FUND TRUESDELL FUND 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 1047793 0 0 0 0 0 0 1047793 0 1047793 1 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 PHI BETA KAPPA SOCIETY 1606 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20009 530226282 501(C)(3) 700666 TO SUPPORT PROGRAM SERVICES. 1 0 SIBLEY FELLOWSHIP AWARD 2 20000 LEBOWITZ AWARD 3 25880 JENSEN AWARD 1 8433 ROMANELL AWARD 1 1000 PART I, LINE 2: THE LEBOWITZ AND ROMANELL AWARD IS BASED ON PAST ACHIEVEMENTS. THE SIBLEY AND JENSEN AWARDS REQUIRE A FINAL REPORT. 0 0 0 0 0 0 0 0 0 FREDERICK LAWRENCE SECRETARY/CEO 44147 342140 0 0 54 421 3200 24800 2913 22573 50314 389934 0 0 EVAGREN CALDERA ASSOCIATE SECRETARY/CHIEF OPERATING 36531 176569 0 0 53 257 3653 17657 5703 27563 45940 222046 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 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 PHI BETA KAPPA SOCIETY B 700666 COST PHI BETA KAPPA SOCIETY M 354693 COST PHI BETA KAPPA SOCIETY N 32924 COST PHI BETA KAPPA SOCIETY O 105188 COST