2017-05-15T10:26:55-05:00 2016-12-31 201941244 HORNE LLP 1020 HIGHLAND COLONY PKWY STE 400 RIDGELAND MS 39157 990 2016-01-01 205469890 PHI THETA KAPPA FOUNDATION PHIT 6019843504 1625 EASTOVER DRIVE JACKSON MS 39211 STEVEN D MULHOLLEN CHIEF FINANCIAL OFFICER & TREASURER 6019843504 2017-05-12 1 AMIE T WHITTINGTON CPA P01082167 6013261000 2017-05-12 68.216.176.67 2017-05-12 12:42:14 CD P AC37D2947511652B41FB31E300783088FC550B9E AC37D2947511652B41FB31E300783088FC550B9E 2016 2021-01-29 14:40:06Z STEVEN D MULHOLLEN 1625 EASTOVER DRIVE JACKSON MS 39211 4029812 0 X WWW.PTKFOUNDATION.ORG/ X 2006 MS THE PURPOSE OF PHI THETA KAPPA FOUNDATION IS TO SECURE THE FINANCIAL RESOURCES TO SUPPORT THE VALUES, VISION, AND PRIORITIES OF THE PHI THETA KAPPA HONOR SOCIETY. 13 11 0 14 4770 2073 2021978 3416714 0 0 148605 157925 0 4770 2170583 3579409 1224632 1281278 0 0 469129 401408 0 0 124503 291303 290338 1985064 1973024 185519 1606385 6811787 8683623 397056 382768 6414731 8300855 THE MISSION OF THE PHI THETA KAPPA FOUNDATION IS TO SECURE THE FINANCIAL RESOURCES TO SUPPORT THE VALUES, VISION, AND PRIORITIES OF THE PHI THETA KAPPA HONOR SOCIETY. 0 0 1551672 1281278 THE PHI THETA KAPPA FOUNDATION'S PURPOSE IS TO RAISE AND OVERSEE THE VOLUNTARY PRIVATE SUPPORT OF TIME, TALENT, AND FINANCIAL CONTRIBUTIONS TO SUPPORT AND ADVANCE THE MISSION, VISION AND PRIORITIES OF PHI THETA KAPPA HONOR SOCIETY. 1551672 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 13 11 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ AR CA CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NY NC ND OH OR RI PA UT WA WV WI VA CO NM SC TN X STEVEN D MULHOLLEN 6019843504 1625 EASTOVER DRIVE JACKSON MS 39211 DR NANCY L RIEVES PART YEAR EXECUTIVE DIRECTOR 30.00 10.00 X X 0 82467 7506 WESTLEY M MOORE PART YEAR TRUSTEE 1.00 X 0 0 0 DR JO MARSHALL CHAIR 1.00 X 0 0 0 MARK DAVIS TREASURER 1.00 X 0 0 0 VALERIE BALDWIN PART YEAR TRUSTEE 1.00 X 0 0 0 EMILY FROIMSON TRUSTEE 1.00 X 0 0 0 DR DAVID SHINN TRUSTEE 1.00 X 0 0 0 JORGE A PLASENCIA PART YEAR TRUSTEE 1.00 X 0 0 0 DR JANICE R FREEMAN TRUSTEE 1.00 X 0 0 0 DR JOYCE F FREEMAN TRUSTEE 1.00 X 0 0 0 JACKIE HITES TRUSTEE 1.00 X 0 0 0 DR E ANN MCGEE TRUSTEE 1.00 X 0 0 0 STEVEN D MULHOLLEN INTERIM EXEC DIRECTOR/CFO 20.00 20.00 X X 0 134819 17666 LOU OBERNDORF TRUSTEE 1.00 X 0 0 0 DR GEORGE BOGGS VICE CHAIR 1.00 2.00 X 0 0 0 CASSIUS O JOHNSON TRUSTEE 1.00 X 0 0 0 DR LYNN TINCHER-LADNER SECRETARY 8.00 40.00 X 0 192559 15545 PAIGE B CHANDLER INTERIM CHIEF FINANCIAL OFFICER 4.00 40.00 X 0 90135 10057 0 499980 50774 0 0 1 0 0 1087391 2329323 405615 3416714 145941 145941 462387 450403 11984 11984 11984 MISCELLANEOUS REVENUE 900099 4770 4770 4770 3579409 0 4770 157925 1281278 1281278 343613 106637 153455 83521 14664 4503 6503 3658 19010 6901 9316 2793 24121 7307 11050 5764 59035 44249 10786 4000 65007 65007 3649 1372 1628 649 1031 92 939 8397 2813 2792 2792 14138 6347 7234 557 11458 4201 7257 70727 70727 SUBSISTENCE 12542 5328 5169 2045 PRINTING 12305 371 2048 9886 DUES AND SUBSCRIPTIONS 9202 3144 4394 1664 TAXES 5325 0 5325 0 17522 6402 3946 7174 1973024 1551672 296849 124503 522908 617914 67245 198492 181116 955594 6016690 6886522 23828 25101 6811787 8683623 397056 382768 397056 382768 X 1299989 1953503 1034450 1794806 4080292 4552546 6414731 8300855 6811787 8683623 X 1606385 278457 1282 X X 0 1 X 1 0 X 3106977 1841163 1947090 2021978 3421484 12338692 3106977 1841163 1947090 2021978 3421484 12338692 12338692 512423 258872 111767 133719 145941 1162722 13501414 9580 0.91390 0.91850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5567382 474085 378401 113583 40869 6265416 5602664 103831 -24341 112613 2159 5567382 5179156 247145 336171 124705 35103 5602664 4468243 313479 500142 102708 5179156 3598178 494560 453704 78199 4468243 0.18000 0.73000 0.09000 0 0 0 SCHWAB US BROAD MARKET ETF 2725254 F SCHWAB US LARGE CAP VALUE ETF 98585 F VANGUARD TOTAL BOND MARKET INDEX FUND ADMIRAL SHARES 1798080 F VANGUARD SHORT-TERM INVESTMENT-GRADE FUND ADMIRAL SHARES 332127 F VANGUARD TOTAL INTERNATIONAL STOCK INDEX ADMIRAL SHARES 533426 F SCHWAB US AGG BND ETF 329600 F SCHWAB FUNDAMENTAL INTL LARGE CO INDEX 89956 F SCHWAB INTERNATIONAL INDEX FUND 415671 F SCHWAB TOTAL STOCK MARKET INDEX 304181 F VANGUARD ULTRA SHORT TERM BD ADM 259642 F 6886522 DUE TO PHI THETA KAPPA 301768 DEFERRED REVENUE 81000 382768 X 3791372 278457 1283 279740 3511632 65007 2770 67777 3579409 1905247 0 1905247 65007 2770 67777 1973024 PART V, LINE 4: THE CURRENT POSITION OF THE FOUNDATION INCLUDES INVESTMENTS IN CASH AND CASH EQUIVALENTS. THE INTENT OF THE FOUNDATION IS TO MAINTAIN AN INVESTMENT PORTFOLIO WITH A MODERATE RATE OF RETURN. THE INTENDED USE OF ENDOWMENT FUNDS ARE DEFINED BY A WRITTEN AGREEMENT BETWEEN THE DONOR AND THE ORGANIZATION. THE GENERAL PURPOSE OF AN ENDOWMENT IS TO PROVIDE FUNDING TO SUPPORT SCHOLARSHIPS AND PROGRAMS IN PERPETUITY, BY ONLY DISBURSING EARNED INCOME AND PRESERVING THE CORPUS OF THE FUND. PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE FOUNDATION HAS DETERMINED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT DISTRIBUTIONS REINVESTED TO CORPUS 1,283. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES CLASSIFIED AS INCOME ON AUDIT 2,770. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES CLASSIFIED AS INCOME ON AUDIT 2,770. 1 PHI THETA KAPPA 1625 EASTOVER DRIVE JACKSON MS 39211 646012238 501(C)(3) 1281278 SCHOLARSHIP PROGRAMS, CONVENTIONS SPONSORSHIPS, AND GRANT PROGRAMS 1 0 PART I, LINE 2: EACH SCHOLARSHIP PROGRAM ADMINISTERED BY PHI THETA KAPPA FOUNDATION CONTAINS ELIGIBILITY REQUIREMENTS WHICH ARE DESCRIBED IN THE APPLICATION. SCHOLARSHIP CRITERIA MAY INCLUDE A MINIMUM CUMULATIVE GRADE POINT AVERAGE, MINIMUM OR MAXIMUM NUMBER OF COURSES COMPLETED, DEMONSTRATION OF LEADERSHIP SKILLS, WRITTEN RESPONSES TO DISCUSSION OR ESSAY QUESTIONS, AND DESCRIPTIONS OF ENGAGEMENT IN COMMUNITY SERVICE AND HONORS RESEARCH. STUDENTS MUST PROVIDE PROOF OF ENROLLMENT, IDENTIFY PROPOSED USE OF FUNDS, AND AFFIRM PROGRAM COMPLIANCE IN ORDER TO RECEIVE SCHOLARSHIP AWARDS. X 1 1 0 0 0 0 0 0 0 0 0 STEVEN D MULHOLLEN INTERIM EXEC DIRECTOR/CFO 0 134619 0 0 0 200 0 5664 0 12002 0 152485 0 0 DR LYNN TINCHER-LADNER SECRETARY 0 191059 0 0 0 1500 0 9658 0 5887 0 208104 0 0 PART I, LINE 1A DR. LYNN TINCHER-LADNER WAS CLASSIFIED AS A TELECOMMUTER WHILE SERVING AS THE INTERIM EXECUTIVE DIRECTOR AND RECEIVED A $1,500 HOUSING ALLOWANCE DURING THE PERIOD OF JANUARY 1, 2016 THROUGH DECEMBER 31, 2016. PART I, LINE 3 THE FOUNDATION'S EXECUTIVE DIRECTOR AND CFO ARE COMPENSATED BY A RELATED ORGANIZATION, PHI THETA KAPPA. PHI THETA KAPPA USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE FOUNDATION'S EXECUTIVE DIRECTOR AND CFO: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS OR STUDIES, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, SCHEDULE J, PART II: PLEASE NOTE THAT THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES OR ISSUE ANY W-2S. HOWEVER, A PORTION OF EMPLOYEES' SALARIES FROM THE SOCIETY ARE ALLOCATED TO THE FOUNDATION. X IN KIND FACILITIES, WAGES, AND OTHER EXPENSES 1 287391 FAIR MARKET VALUE X IN KIND DONATIONS OF EVENT GIVEAWAYS 7 118224 RETAIL PRICE 0 1 0 PART 1, LINE 6 PHI THETA KAPPA FOUNDATION SERVICES ARE DERIVED FROM FULL-TIME AND PART-TIME VOLUNTEER ACTIVITIES. VOLUNTEER ESTIMATES ARE BASED ON CURRENT YEAR BOARD MEMBERS' ACTIVITIES PERFORMED TO SUPPORT THE MISSION OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 2 JANICE R. FREEMAN AND JOYCE F. FREEMAN, BOARD MEMBERS, ARE SISTERS. DR. GEORGE BOGGS AND DR. LYNN TINCHER -LADNER BOTH SERVE ON THE BOARDS OF PTK SOCIETY AND PTK FOUNDATION. FORM 990, PART VI, SECTION A, LINE 4 DURING 2016, THE BY-LAWS WERE AMENDED TO UPDATE OFFICER TITLES AND DECREASE THE MAXIMUM NUMBER OF BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT OF PHI THETA KAPPA COORDINATES AND REVIEWS THE FORM 990 PREPARATION WITH AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE COMPLETION OF AN ANNUAL FINANCIAL STATEMENT AUDIT. THE EXECUTIVE DIRECTOR OF PHI THETA KAPPA FOUNDATION REVIEWS THE RETURN AND THEN SENDS TO THE CHAIRMAN AND TREASURER OF THE BOARD OF TRUSTEES FOR APPROVAL. THE RETURN IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES PRIOR TO THE RETURN BEING SIGNED AND FILED BY THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 12C THE PHI THETA KAPPA FOUNDATION BOARD REVIEWS THE CURRENT CONFLICT OF INTEREST POLICY AT THE ANNUAL BOARD MEETING EACH YEAR. TIME IS SET ASIDE FOR A DISCUSSION PERTAINING TO CONFLICT OF INTEREST ISSUES AT EACH TRUSTEE MEETING, AND EACH TRUSTEE IS REQUIRED TO SIGN THE FORM AT THE BEGINNING OF EACH TRUSTEE MEETING. AT ANY TIME, LEGAL COUNSEL IS AVAILABLE IF THERE ARE ISSUES IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 PHI THETA KAPPA BOARD OF DIRECTORS AUTHORIZED COMMITTEE UTILIZES DUE DILIGENCE AND PROCEDURES INCLUDING THE EXAMINATION OF COMPARABLE DATA DURING THE DELIBERATION AND DECISION OF COMPENSATION FOR TOP MANAGEMENT, OFFICERS AND KEY EMPLOYEES. THIS DELIBERATION AND DECISION INCLUDES CONTEMPORANEOUS SUBSTANTIATION. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, LINE 1A IN ADDITION TO THE HOURS LISTED, EMPLOYEES ALSO WORK ADDITIONAL HOURS FOR PHI THETA KAPPA SOCIETY, A RELATED ORGANIZATION. FORM 990, PART XI, LINE 9: ENDOWMENT DISTRIBUTIONS REINVESTED TO CORPUS 1,283. ROUNDING -1. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE WAY THE ORGANIZATION SELECTS AND MONITORS THE AUDITOR. PHI THETA KAPPA PO BOX 13729 JACKSON MS 39236 646012238 HONOR SOCIETY MS 501(C)(3) 170(B)(1)(A) (VI) 0 PHI THETA KAPPA GROUP 1625 EASTOVER DRIVE JACKSON MS 39211 237047681 HONOR SOCIETY COLLEGE CHAPTERS - GROUP MS 501(C)(3) 509(A)(2) PHI THETA KAPPA 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0