Phi Rho Sigma Foundation
- Assets
- $587.4k
- Revenue
- $31.7k
- Investments
- $560.0k
- Employees
- 0
- Location
- Noblesville, IN
- Founding
- 12/1996
- Data as of
- 12/2023
- EIN
- 35-1974282
Organization Overview
Phi Rho Sigma Foundation is located in Noblesville, IN. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phi Rho Sigma Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Phi Rho Sigma Foundation generated $31.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $77.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Phi Rho Sigma Foundation has awarded 138 individual grants totaling $447,434. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Ayres Trustee | 2 | $5,000 | |
Martin B Wice Trustee | 0.1 | $0 | |
James L Jackson Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,925 |
| Interest on Savings | $1,298 |
| Dividends & Interest | $30,534 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,060 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,268 |
| Total operating and administrative expenses | $21,430 |
| Contributions, gifts, grants paid | $56,500 |
| Total expenses and disbursements | $77,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,396 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $587,392 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Phi Rho Sigma Foundation has awarded $56,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PHI RHO SIGMA MEDICAL SOC PURPOSE: EDUCATION GRANT | $50,000 |
ETA CHAPTER FOUNDATION PURPOSE: GRANT | $6,500 |