2011-06-13T13:20:13-05:00 2010-07-31 Tate and Tryon 2021 L Street NW Suite 400 Washington DC 20036 990 2009-08-01 526063291 PHI BETA KAPPA FOUNDATION PHIB 2022653808 1606 New Hampshire Avenue NW WASHINGTON DC 20009 JOHN CHURCHILL 2022653808 2011-06-13 1 DEBORAH G KOSNETT 2022932200 2009 2016-02-24 21:20:13Z JOHN CHURCHILL 1606 NEW HAMPSHIRE AVE NW WASHINGTON DC 20009 1391867 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 15 0 0 30246 923431 1128 2400 -44015 399472 7791 9299 -4850 1334602 1012950 798650 0 0 0 59934 453388 401715 1466338 1200365 -1471188 134237 29448075 31760987 3379425 3749046 26068650 28011941 0 0 750000 750000 0 GRANT PROVIDED TO THE PHI BETA KAPPA SOCIETY, THE FOUNDATION'S SUPPORTED 501 (C)(3) ORGANIZATION, FOR GENERAL OPERATIONAL PURPOSES. 68546 48650 0 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 AWARD IS TO HELP EDUCATORS AND RESEARCHERS IMPROVE EDUCATION IN STANDARD FRENCH LANGUAGE, LITERATURE, AND CULTURE. THE ROMANELL PROFESSORSHIP IS AWARDED ANNUALLY TO SCHOLARS IN THE FIELD OF PHILOSOPHY, WITHOUT RESTRICTION TO ANY ONE SCHOOL OF PHILOSOPHICAL THOUGHT. THE PROFESSORSHIP IS INTENDED TO RECOGNIZE NOT ONLY DISTINGUISHED ACHIEVEMENT BUT ALSO THE RECIPIENT'S CONTRIBUTION OR POTENTIAL CONTRIBUTION TO PUBLIC UNDERSTANDING OF PHILOSOPHY. THE COUPER SCHOLAR PROGRAM IS DESIGNED TO PROVIDE CONTACT BETWEEN THE SOCIETY AND INSTITUTIONS THAT DO NOT SHELTER CHAPTERS. THE PURPOSE OF THE PROGRAM IS TO CONTRIBUTE TO THE INTELLECTUAL LIFE OF THE CAMPUS BY MAKING POSSIBLE AN EXCHANGE OF IDEAS BETWEEN A GUEST SCHOLAR AND THE RESIDENT FACULTY AND STUDENTS. 818546 1 1 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 15 15 0 0 0 0 1 1 0 1 1 0 0 0 1 0 1 1 1 1 0 0 X THE FOUNDATION 2022653808 1606 NEW HAMPSHIRE AVE NW WASHINGTON DC 20009 KATHERINE SOULE 1.00 X X 0 0 0 FRED HARRISON CATE 1.00 X 0 0 0 CATHERINE W BERHEIDE 1.00 X 0 0 0 ALLISON BLAKELY 1.00 X 0 0 0 YOLANDA BROYLES-GONZALEZ 1.00 X 0 0 0 THEOPOLIS FAIR 1.00 X X 0 0 0 MICHAEL GOUGER 1.00 X 0 0 0 JOSEPH W GORDON 1.00 X 0 0 0 ANTHONY GRAFTON 1.00 X 0 0 0 LINDA GREENHOUSE 1.00 X 0 0 0 GEORGIA D GREENIA 1.00 X 0 0 0 SUSAN K HAGEN 1.00 X 0 0 0 VALERIE HOTCHKISS 1.00 X 0 0 0 JEAN E HOWARD 1.00 X 0 0 0 ROBERT C KOONS 1.00 X X 0 0 0 KATE LEHMAN 1.00 X 0 0 0 JAMES E LIGHTNER 1.00 X 0 0 0 PAUL LUKACS 1.00 X 0 0 0 ANDREW D MCNITT 1.00 X 0 0 0 RACHEL MORAN 1.00 X 0 0 0 GILDA L OCHOA 1.00 X 0 0 0 LYNN PASQUERELLA 1.00 X 0 0 0 JEFFREY T SAMMONS 1.00 X 0 0 0 DON J WYATT 1.00 X 0 0 0 JOHN CHURCHILL 2.00 X 11097 210830 39637 SCOTT LURDING 5.00 X 28623 162197 28662 39720 373027 68299 0 0 1 0 0 923431 923431 ANNUAL AWARDS DINNER: 900099 2400 2400 2400 456737 456737 7200 7200 7200 7200 57265 -57265 -57265 -57265 MISCELLANEOUS 900099 2099 2099 2099 1334602 0 0 411171 750000 750000 48650 48650 99765 14010 85755 2769 1019 1750 4540 4540 7563 1057 6506 5096 5008 88 67744 67744 REAL PROPERTY TAXES 81196 81196 OVERHEAD ALLOCATION 59765 31651 28114 PERSONNEL REIMBURSEMENT 51227 27129 24098 EQUIPMENT RENTAL & MAIN 13167 13167 MISCELLANEOUS 8883 3810 1979 3094 1200365 818546 321885 59934 1754546 218387 1057987 49651 4682117 393619 4312435 4288498 14585837 16345988 7737270 10858463 29448075 31760987 18371 14571 3361054 3734475 3379425 3749046 X 19247988 19819016 1954395 2422122 4866267 5770803 26068650 28011941 29448075 31760987 X 0 1 1 X 0 X X 0 0 0 PHI BETA KAPPA SOCIETY 530226282 LINE 7 0 1 1 750000 1 750000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.00 1 0 1 1 1.00 0 0 6764133 904536 550197 68491 8150375 7477055 0 -625436 87486 6764133 0.00000 0.71000 0.29000 0 0 2514546 2514546 2167571 393619 1773952 4288498 ALTERNATIVE INVESTMENTS 5554749 F limited partnerships 5303714 F 10858463 DUE TO PBK SOCIETY 3734475 3734475 1334602 1200365 134237 1809054 1809054 1943291 3143656 1809054 1809054 1334602 0 1334602 1200365 0 1200365 0 1200365 Part V, Line 4: Description of Intended Use of Endowment Funds: THE FOUNDATION'S ENDOWMENTS ARE USED FOR THE FOLLOWING AWARDS: MARY ISABEL SIBLEY AWARD FUND PATRICK ROMANELL AWARD FUND JENSEN TRUST FUND AURNER MEMORIAL AWARD FUND SYDNEY HOOK MEMORIAL AWARD FUND VISITING SCHOLAR PROGRAM RICHARD COUPER LECTURESHIP FUND GITTLER AWARD FUND AWARD FOR DISTINGUISHED SCHOLARS Part X: Description of Uncertain Tax Positions Under FIN 48: PHI BETA KAPPA HAS ADOPTED THE ACCOUNTING STANDARD RELATED TO UNCERTAIN INCOME TAX POSITIONS. THE STANDARD REQUIRES THAT AN UNCERTAIN INCOME TAX POSITION MUST BE MORE LIKELY THAN NOT (GREATER THAN 50% LIKELIHOOD OF REALIZATION) BEFORE IT IS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. FURTHERMORE, THE STANDARD REQUIRES THAT THE AMOUNT RECOGNIZED BE THE SAME AS THAT WHICH WOULD BE DETERMINED AS A RESULT OF A REVIEW BY TAX AUTHORITIES HAVING ALL RELEVANT INFORMATION. DURING THE YEAR ENDED JULY 31, 2010, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN INCOME TAX POSITIONS. AT A MINIMUM, THE JULY 31, 2007 THROUGH 2010 TAX YEARS ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES. 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. 1 PHI BETA KAPPA SOCIETY 1606 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20009 530226282 501(C)(3) 750000 TO SUPPORT PROGRAM SERVICES. 1 0 Distinguished Service 1 2500 Mary Isabel Sibley Fellowship Award 1 10000 Romanell-PBK Professorship Award 1 7500 Walter J. Jensen Fellowship Award 3 21150 Sidney Hook 1 7500 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Foundation trustees review the amount of the grant annually and review financial statements annually. 0 0 0 0 0 0 0 0 0 JOHN CHURCHILL 11077 210454 0 0 20 376 1122 21318 917 17428 13136 249576 0 0 SCOTT LURDING 28614 162146 0 0 9 51 2883 16337 1620 9180 33126 187714 0 0 Supplemental Information Part III ALL PERSONNEL PROVIDING SERVICES TO PHI BETA KAPPA FOUNDATION ARE EMPLOYEES OF THE PHI BETA KAPPA SOCIETY, AND THEIR COMPENSATION IS DETERMINED BY THAT ORGANIZATION. SEE PBK FORM 990. THE PHI BETA KAPPA SOCIETY COMMON BOARD MEMBERS PLEASE SEE SCHEDULE R FOR ALL REPORTABLE TRANSACTIONS BETWEEN THE FOUNDATION AND THE PHI BETA KAPPA SOCIETY. 0 Form 990, Part VI, Section A, line 1 The Foundation has an Executive Committee, consisting ofthe 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, the Foundation's supported organization. Members are chosen such that at least four-fifths are Senators of the United Chapters. Members who are Senators of the United Chapters are elected without term, so that they serve until they are no longer United Chapters Senators. Other members are elected by ballot at the annual Member meeting, for a 6-year term. 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 11 THE CONTROLLER, ASSOCIATE SECRETARY, AND SECRETARY OF PHI BETA KAPPA, THE FOUNDATION'S SUPPORTED ORGANIZATION, REVIEW THE FORM 990 AND CONFIRM ITS ACCURACY, 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. FOR ITS YEAR ENDED JULY 2010, THE FOUNDATION WILL REQUIRE 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 PHI BETA KAPPA SERVE THE FOUNDATION AS WELL. ACCORDINGLY, THE FOLLOWING DESCRIBES THE PROCESS AT PHI BETA KAPPA: IN ALL CASES, SALARY REVIEW INCLUDE STUDY OF COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. PBK'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 ALL DOCUMENTS OTHER THAN FORM 990 ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FOUNDATION'S CONSTITUTION AND BYLAWS ARE AVAILABLE ON ITS WEB SITE. FORM 990, PART XI, LINE 2C THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. THE PHI BETA KAPPA FOUNDATION AND THE PHI BETA KAPPA SOCIETY ARE TWO SECTION 501(C)(3) ORGANIZATIONS THAT SHARE BOARD MEMBERS. ALL 24 OF THE FOUNDATION'S TRUSTEES ARE ALSO SENATORS (BOARD MEMBERS) OF THE PHI BETA KAPPA SOCIETY. PLEASE SEE SCHEDULES L AND R FOR ADDITIONAL INFORMATION REGARDING BUSINESS TRANSACTIONS BETWEEN THE TWO ENTITIES. THE PHI BETA KAPPA SOCIETY 1606 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20009 530226282 TO RECOGNIZE AND ENCOURAGE SCHOLARSHIP DC 501(C)(3) 170(B)(I)(A)(VI) 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 PHI BETA KAPPA SOCIETY B 750000 phI BETA KAPPA SOCIETY L 262366 pHI BETA KAPPA SOCIETY M 59765 pHI BETA KAPPA SOCIETY N 51227 pHI BETA KAPPA SOCIETY O 6573 pHI BETA KAPPA SOCIETY R 31731