2011-05-10T13:46:37-05:00 2010-12-31 HORNE LLP 1020 HIGHLAND COLONY PKWY STE 400 RIDGELAND MS 39157 990 2010-01-01 205469890 PHI THETA KAPPA FOUNDATION PHIT 6019843504 1625 EASTOVER DRIVE JACKSON MS 39211 NANCY L RIEVES 6019843504 2011-05-04 1 AMIE T WHITTINGTON CPA 6013261000 2011-05-04 2010 2016-03-07 17:11:31Z NANCY L RIEVES 1625 EASTOVER DRIVE JACKSON MS 39211 2465386 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. 14 12 0 20 0 0 1763527 1239181 0 0 31124 135369 0 0 1794651 1374550 28990 38706 0 0 88285 117277 0 0 28547 111249 109780 228524 265763 1566127 1108787 2196457 4089727 0 627414 2196457 3462313 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 132028 38706 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. 132028 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 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 0 1 0 0 0 0 0 0 0 1 1 0 0 0 X 14 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 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 X NANCY L RIEVES 6019843504 1625 EASTOVER DRIVE JACKSON MS 39211 NANCY L RIEVES 40.00 X X 0 87044 11014 MATTHEW J QUINN 2.00 X 0 0 0 JO MARSHALL 2.00 X 0 0 0 MARK DAVIS 2.00 X 0 0 0 RODA RISLEY 40.00 X 0 335798 52375 WESTLEY M MOORE 2.00 X 0 0 0 MIRTA OJITO 2.00 X 0 0 0 DIANE BARRETT 2.00 X 0 0 0 DAVID SHINN 2.00 X 0 0 0 DOUGLAS W FOARD 2.00 X 0 0 0 JANICE R FREEMAN 2.00 X 0 0 0 JOYCE F FREEMAN 2.00 X 0 0 0 RAY HITES 2.00 X 0 0 0 E ANN MCGEE 2.00 X 0 0 0 0 422842 63389 0 0 1 0 0 1239181 1239181 27748 27748 1198457 1090836 107621 107621 107621 1374550 0 0 135369 38706 38706 49111 17650 16670 14791 57032 16383 40649 1566 783 783 3552 1704 1615 233 6016 2414 2601 1001 725 725 11157 11157 559 390 169 25 25 986 500 486 3141 1047 1047 1047 11680 6316 5364 3601 761 761 2079 23403 23403 SUBSISTENCE 19299 9191 10108 REPAIRS AND MAINTENANCE 8531 8531 ENDOWMENT SUPPORT EXPEN 8443 8443 PRINTING 8102 7 8095 TAXES 4357 4357 5771 3587 1052 1132 265763 132028 105188 28547 389285 280260 8469 53229 1421130 3679878 377573 76360 2196457 4089727 0 627414 0 627414 X 159260 233224 209908 412386 1827289 2816703 2196457 3462313 2196457 4089727 X 1108787 157069 X X 0 1 1 X 0 X 159927 1758109 1239181 3157217 159927 1758109 1239181 3157217 3157217 1266 79068 135369 215703 3372920 118301 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2269930 989414 198188 3457532 515591 1681326 73013 2269930 238325 277266 515591 0.11000 0.82000 0.07000 0 0 0 MUTUAL FUNDS 3671393 F EQUITY SECURITIES 8485 F 3679878 DUE TO PHI THETA KAPPA 627414 627414 1374550 265763 1108787 157069 157069 1265856 1531619 157069 157069 1374550 0 1374550 265763 0 265763 0 265763 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IN JULY 2006, THE FASB ISSUED INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109, CODIFIED IN ASC TOPIC 740. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN INCLUDING THE ENTITY'S STATUS AS A TAX-EXEMPT NOT-FOR- PROFIT ENTITY. ADDITIONALLY, ASC TOPIC 740 PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE FOUNDATION ADOPTED THIS STANDARD EFFECTIVE JANUARY 1, 2009. THE FOUNDATION HAD NO SIGNIFICANT UNCERTAIN TAX POSITIONS AT THE DATE OF ADOPTION OR AT DECEMBER 31, 2010 OR 2009. ACCORDINGLY, THE ADOPTION DID NOT HAVE A MATERIAL EFFECT ON THE FOUNDATION'S FINANCIAL POSITION OR CHANGES IN NET ASSETS. IF INTEREST AND PENALTIES ARE INCURRED RELATED TO UNCERTAIN TAX POSITIONS, SUCH AMOUNTS ARE RECOGNIZED IN INCOME TAX EXPENSE. TAX PERIODS FOR ALL FISCAL YEARS AFTER 2006 REMAIN OPEN TO EXAMINATION BY THE FEDERAL AND STATE TAXING JURISDICTIONS TO WHICH THE FOUNDATION IS SUBJECT. 1 SCHOLARSHIP ASSISTANCE 61 38706 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. 1 X X X X X X 0 1 0 0 0 0 0 0 0 RODA RISLEY 0 275000 0 30239 0 30559 0 37250 0 15125 0 388173 0 0 PART I, LINE 4A ROD A. RISLEY: $25,000 FORM 990, PART VI, SECTION B, LINE 11 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 AND SIGNS THE RETURN PRIOR TO FILING. THE BOARD IS PRESENTED ANNUALLY THE COMPLETED FORM 990 FOR APPROVAL BEFORE IT IS FILED WITH THE IRS. 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 THE PHI THETA KAPPA FOUNDATION DID NOT HAVE EMPLOYEES. PHI THETA KAPPA PROVIDES STAFF SUPPORT FOR THE FOUNDATION. PHI THETA KAPPA'S BOARD OF DIRECTORS AUTHORIZED COMMITTEE UTILIZES DUE DILIGENCE AND PROCEDURES INCLUDING THE USE OF INDEPENDENT CONSULTANTS AND 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 157,069. AUDIT COMMITTEE FORM 990, PART XI, LINE 2C THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE WAY THE ORGANIZATION SELECTS AND MONITORS THE AUDITOR. SALARIES EXPENSE FORM 990, PART IX, LINES 5 AND 7 PLEASE NOTE THAT THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES OR ISSUE ANY W-2S. HOWEVER, THEY DO REIMBURSE PHI THETA KAPPA HONOR SOCIETY FOR TIME THAT HONOR SOCIETY EMPLOYEES SPEND ON FOUNDATION MATTERS. BEGINNING OF YEAR BALANCE SHEET FORM 990, PART X PLEASE NOTE THAT THE BEGINNING OF YEAR BALANCE SHEET DIFFERS FROM THAT ON FORM 990 AT DECEMBER 31ST, 2009. THIS IS DUE TO AN AUDIT RECLASSIFICATION. CERTAIN AMOUNTS IN THE PRIOR YEAR FINANCIAL STATEMENTS HAVE BEEN RECLASSIFIED FOR COMPARATIVE PURPOSES TO CONFORM WITH THE PRESENTATION IN THE CURRENT YEAR FINANCIAL STATEMENTS. THESE RECLASSIFICATIONS HAD NO EFFECT ON PREVIOUSLY REPORTED RESULTS OR NET ASSETS. 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 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0