Phi Sigma Rho National Sorority
- Assets
- $552.3k
- Revenue
- $606.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Northville, MI
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 38-2900287
Organization Overview
Phi Sigma Rho National Sorority is located in Northville, MI. The organization was established in 2010. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 12/2023, Phi Sigma Rho National Sorority employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Phi Sigma Rho National Sorority is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Phi Sigma Rho National Sorority generated $606.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $573.4k during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PHI SIGMA RHO IS A SOCIAL SORORITY FOR WOMEN IN TECHNICAL STUDIES SERVING OUR SISTERS AND THE COMMUNITY BY PROMOTING: HIGH STANDARDARDS OF PERSONAL INTEGRITY, RESPECT, AND CHARACTER; LIFELONG BONDS OF SISTERHOOD; AND ACADEMIC AND PROFESSIONAL EXCELLENCE WITH A SOCIAL BALANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE ORGANIZATION'S MISSION THROUGH CHAPTER VISITS, PRESENTATIONS, EVENTS AND AN ANNUAL CONVENTION OR CONFERENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Snyder President | OfficerTrustee | 15 | $0 |
Lacey Westcarr VP Of Financ | OfficerTrustee | 15 | $0 |
Alison Lunny VP Of Standa | Trustee | 10 | $0 |
Jessica Sofka VP Of Commun | Trustee | 10 | $0 |
Michelle Eyink VP Collegiat | Trustee | 10 | $0 |
Lina Trigg VP Member Se | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $391,893 |
| Fundraising events | $0 |
| Related organizations | $20,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,893 |
| Total Program Service Revenue | $177,403 |
| Investment income | $2,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,936 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $606,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,250 |
| Compensation of current officers, directors, key employees. | $55,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,693 |
| Payroll taxes | $12,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,031 |
| Advertising and promotion | $722 |
| Office expenses | $6,713 |
| Information technology | $77,480 |
| Royalties | $0 |
| Occupancy | $54,600 |
| Travel | $25,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,780 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,045 |
| Insurance | $74,628 |
| All other expenses | $762 |
| Total functional expenses | $573,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,196 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,664 |
| Other assets | $0 |
| Total assets | $552,349 |
| Accounts payable and accrued expenses | $4,873 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,873 |
| Net assets without donor restrictions | $547,476 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $552,349 |