2024-11-14T09:54:55-06:00 2023-12-31 521853933 JM&M 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2023-01-01 351935491 PHI DELTA KAPPA EDUCATIONAL FOUNDATION INC PHID 8007661156 2550 SOUTH CLARK STREET 930A ARLINGTON VA 22202 JAMES LANE CEO 8007661156 2024-11-14 1 1 TINA PEACHER P01608826 4108840220 2023 2024-10-15 13:58:12Z JAMES LANE 2550 SOUTH CLARK STREET 930A ARLINGTON VA 22202 0 0 X WWW.PDKINTL.ORG X 1994 VA TO SUPPORT, ENCOURAGE, AND FINANCE PUBLIC EDUCATION RELATED ACTIVITIES, BE THE AGENCY FOR THE RECEIPT OF CHARITABLE INCOME AND ADMINISTER THESE FUNDS FOR PDK INTERNATIONAL. X 5 4 0 4 0 0 47419 0 0 0 100633 0 0 0 148052 0 0 0 0 0 0 0 0 0 0 18895 12504486 18895 12504486 129157 -12504486 12504486 0 0 0 12504486 0 TO SUPPORT, ENCOURAGE, AND FINANCE PUBLIC EDUCATION RELATED ACTIVITIES, BE THE AGENCY FOR THE RECEIPT OF CHARITABLE INCOME AND ADMINISTER THESE FUNDS FOR PDK INTERNATIONAL. 0 0 GRANTS TO PHI DELTA KAPPA INTERNATIONAL, INC. TO SUPPORT EDUCATION POLL, DEVELOPMENT OF EDUCATORS RISING INITIATIVE, AND SCHOLARSHIP ADMINISTRATION. 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 IN VA X ALBERT CHEN 8007661156 2550 SOUTH CLARK STREET 930A ARLINGTON VA 22202 JAMES LANE CEO AND BOARD SECRETARY AS OF JULY 2023 10.00 30.00 X X 0 151008 17266 CURTIS CAIN CHAIR UNTIL SEPT. 2023, THEN PAST CHAIR 1.00 1.00 X X 0 0 0 ANGELA WALMSLEY VICE CHAIR UNTIL SEPT., THEN CHAIR 1.00 1.00 X X 0 0 0 DOUG CHRISTENSEN BOARD MEMBER 1.00 1.00 X 0 0 0 MELISSA NIXON BOARD MEMBER AS OF OCT. 2023 1.00 1.00 X 0 0 0 ALBERT CHEN COO 10.00 30.00 X 0 273353 53337 MUAZ AHMED DIRECTOR OF FINANCE 10.00 30.00 X 0 109228 36925 0 533589 107528 0 0 1 0 0 0 0 0 0 12504486 12504486 12504486 0 12504486 0 53203 4510527 7940756 0 12504486 0 0 0 X 7270242 0 5234244 0 12504486 0 12504486 0 -12504486 0 X 0 1 X 0 0 X X 1 PHI DELTA KAPPA INTERNATIONAL INC 350975844 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 4356228 4356228 5432939 40100 -903836 194080 18895 4356228 5262163 110582 530354 450000 20160 5432939 4260068 475 1060705 50000 9085 5262163 4043863 27239 246467 57501 4260068 0 0 0 X PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUND WAS PRIMARILY TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO INTEND TO PURSUE DEGREES IN EDUCATION. THE ENDOWMENT WAS TRANSFERED TO RELATED ENTITY PHI DELTA KAPPA INC. DURING 2023. PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIALS STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE ARE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT NEED TO BE RECORDED. 0 0 0 0 0 0 0 0 0 ALBERT CHEN COO 0 260039 0 13314 0 0 0 28314 0 25023 0 326690 0 0 JAMES LANE CEO AND BOARD SECRETARY AS OF JULY 2023 0 151008 0 0 0 0 0 6731 0 10535 0 168274 0 0 PART I, LINE 3: COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR AND OTHER OFFICERS IS DETERMINED BY PHI DELTA KAPPA'S BOARD, A RELATED ENTITY, AND COMPENSATION COMMITTEE APPROVAL. INVESTMENTS 2023-12-31 5300566 FMV AT DATE OF TRANSFER 350975844 PHI DELTA KAPPA INTERNATIONAL INC 2550 SOUTH CLARK ST 930A ARLINGTON VA 22202 501(C)(3) ACCOUNTS RECEIVABLE 2023-12-31 7940756 COST 350975844 PHI DELTA KAPPA INTERNATIONAL INC 2550 SOUTH CLARK ST 930A ARLINGTON VA 22202 501(C)(3) 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION UPDATED ITS BYLAWS IN OCTOBER OF 2023. SIGNIFICANT CHANGES INCLUDE: --INTENT IS TO BE A CARETAKER BOARD, SO COMPOSITION OF BOARD REDUCED TO ONLY THREE (3) MEMBERS; --REMOVED THE BOARD OF GOVERNORS DISCRETION ON INVESTMENTS; --AUTHORIZED CEO TO MOVE ANY FUNDS RECEIVED TO PDK INTERNATIONAL FOR MANAGEMENT, UNLESS THE DONATION IS IN EXCESS OF $5MILLION; --TERM OF OFFICE CHANGED FROM THREE (3) YEARS TO TWO (2) YEARS; --MEMBERS CAN PARTICIPATE IN THE ANNUAL MEETING, HELD EITHER VIRTUALLY OR BY CONFERENCE CALL; --NOTICE GIVEN TWO DAYS IN ADVANCE FOR ALL SPECIAL MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE DIRECTOR OF FINANCE AND THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVENING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PHI DELTA KAPPA INTERNATIONAL INC 2550 SOUTH CLARK STREET SUITE 930A ARLINGTON VA 22202 350975844 EDUCATION VA 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 PHI DELTA KAPPA INTERNATIONAL INC R 5300566 FMV PHI DELTA KAPPA INTERNATIONAL INC R 7940756 COST FORM 990, SCHEDULE R, PART V, SECTION 2: PER ASSET TRANSFER AGREEMENT MADE BY AND BETWEEN THE PHI DELTA KAPPA INTERNATIONAL, INC. ("PDK INTERNATIONAL"), A RELATED ORGANIZATION, AND PHI DELTA KAPPA EDUCATIONAL FOUNDATION, INC. ("FOUNDATION"), DATED AND SIGNED APRIL 21, 2023, THE FOUNDATION TRANSFERED ALL OF ITS RIGHTS, TITLE AND INTEREST IN ALL OF ITS ASSETS TO PDK INTERNATIONAL. PER THE AGREEMENT, PDK INTERNATIONAL AGREES TO USE SAID ASSETS TO SUPPORT PDK INTERNATIONAL IN FURTHERANCE OF ITS EDUCATIONAL AND CHARITABLE PURPOSES; TO ADMINISTER AND MAINTAIN THE ENDOWED FUNDS, ABIDING BY ANY KNOWN RESTRICTIONS, TRANSFERRED AS A PART OF THE TRANSFER ASSETS; AND TO OPERATE IN COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY AND MAINTAIN ITS 501(C)(3) STATUS WITH THE U.S. INTERNAL REVENUE SERVICE.