2020-06-11T16:25:24-05:00 2019-07-31 420714325 RSM US LLP 2021 L STREET NW 400 WASHINGTON DC 20036 990 2018-08-01 526063291 PHI BETA KAPPA FOUNDATION PHIB 2022653808 1606 NEW HAMPSHIRE AVE NW WASHINGTON DC 200092512 FREDERICK M LAWRENCE SECRETARY/CEO 2022653808 2020-06-11 1 ELIZABETH W HELLER P00397829 2022932200 173.79.17.121 2020-06-11 16:24:18 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 907A16943A5AE6BD468F5755AE9454C37C362E74 2018 2020-11-19 02:30:22Z FREDERICK M LAWRENCE 1606 NEW HAMPSHIRE AVE NW WASHINGTON DC 200092512 9201972 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 281500 0 0 0 968693 674100 55702 2789 1305895 676889 1304550 1277617 0 0 107949 187741 0 0 90055 731726 467941 2144225 1933299 -838330 -1256410 39158363 37569411 1028480 800655 38129883 36768756 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 925000 925000 GRANT PROVIDED TO THE PHI BETA KAPPA SOCIETY, THE FOUNDATION'S SUPPORTED 501(C)(3) ORGANIZATION, FOR GENERAL OPERATIONAL PURPOSES. 422942 352617 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. 1347942 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 0 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 20009 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 BERNADINE BARNES TRUSTEE 1.00 1.00 X 0 0 0 CHRISTINE CANO TRUSTEE 1.00 1.00 X 0 0 0 SUSAN CARLISLE TRUSTEE 1.00 1.00 X 0 0 0 RAJ CHAUDHURY TRUSTEE 1.00 1.00 X 0 0 0 LINDA GREENHOUSE 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 KATHLEEN MCGARRY TRUSTEE 1.00 1.00 X 0 0 0 STEVEN MILLER 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 FREDERICK LAWRENCE SECRETARY/CEO 6.00 29.00 X 60743 293594 51149 EVAGREN CALDERA ASSOCIATE SECRETARY/CHIEF OPERATING OFFICER 7.00 28.00 X 40429 161715 46452 MARGARET FARR CONTROLLER 10.00 25.00 X 34610 86524 35720 135782 541833 133321 0 0 1 0 0 572804 572804 8626379 8525083 101296 101296 101296 MISCELLANEOUS 900099 2789 2789 2789 676889 0 0 676889 925000 925000 352617 352617 119790 11174 75146 33470 55681 5194 34930 15557 12270 1145 7674 3451 90 90 27554 27554 128503 16688 111815 2178 2178 14335 4153 2061 8121 27337 22820 2320 2197 75838 75838 OVERHEAD ALLOCATION 97871 9151 61462 27258 REAL PROPERTY TAXES 77190 77190 EQUIPMENT RENTAL & MAIN 15819 15819 MISCELLANEOUS 1226 1225 1 1933299 1347942 495302 90055 580456 2104375 207500 150000 33300 12500 5426323 1650296 3851865 3776027 22343567 20367300 12141675 11159209 39158363 37569411 1028480 800655 1028480 800655 X 26726643 25610856 5342305 5096965 6060935 6060935 38129883 36768756 39158363 37569411 -1256410 -104717 0 X X 0 1 X 1 0 X X 1 PHI BETA KAPPA SOCIETY 530226282 7 1 925000 0 1 925000 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 11403240 160914 406254 11157900 10962402 250000 647819 456981 11403240 10291621 1021944 351163 10962402 10420921 34428 163728 10291621 10611611 -33354 157336 10420921 0.54320 0.45680 0 0 2514546 2514546 2911777 1650296 1261481 3776027 HEDGE FUNDS 9482411 F LIMITED PARTNERSHIPS 1676798 F 11159209 DUE TO PBK SOCIETY 800655 800655 443669 -104717 -104717 548386 128503 128503 676889 1804796 0 1804796 128503 128503 1933299 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 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) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 1012196 0 0 0 0 0 0 1012196 0 1012196 0 0 0 0 0 0 1 PHI BETA KAPPA SOCIETY 1606 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20009 530226282 501(C)(3) 925000 TO SUPPORT PROGRAM SERVICES. 1 0 SIBLEY FELLOWSHIP AWARD 3 26650 GRANGER AWARD 3 30000 LEBOWITZ AWARD 2 58100 JENSEN AWARD 1 17867 AURNER AWARD 1 10000 SIDNEY HOOK AWARD 1 10000 TERRILL HONORARIA FOR VISITING SCHOLARS 10 180000 UPDIKE HONORARIA FOR VISITING SCHOLARS 1 8000 GITTLER HONORARIA FOR VISITING SCHOLARS 1 10000 BRAMAN HILL HONORARIA FOR VISITING SCHOLARS 1 2000 PART I, LINE 2: THE LEBOWITZ, SIDNEY HOOK, GRANGER, AND AURNER AWARDS ARE 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 59376 286986 1286 6214 81 394 4714 22786 4318 20870 69775 337250 0 0 EVAGREN CALDERA ASSOCIATE SECRETARY/CHIEF OPERATING 40367 161467 0 0 62 248 4067 16267 5519 22075 50015 200057 0 0 MARGARET FARR CONTROLLER 34474 86185 0 0 136 339 3447 8618 7181 17952 45238 113094 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 CONTROLLER OF THE FOUNDATION'S SUPPORTED ORGANIZATION, THE PHI BETA KAPPA SOCIETY, 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) 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 925000 COST PHI BETA KAPPA SOCIETY M 572545 COST PHI BETA KAPPA SOCIETY N 97870 COST PHI BETA KAPPA SOCIETY O 187741 COST