Phi Sigma Sigma Inc
- Assets
- $6.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Eldersburg, MD
- Founding
- 05/1946
- Data as of
- 06/2021
- EIN
- 53-0220898
Organization Overview
Phi Sigma Sigma Inc is located in Eldersburg, MD. The organization was established in 1946. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Phi Sigma Sigma Inc employed 23 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Phi Sigma Sigma Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Phi Sigma Sigma Inc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PHI SIGMA SIGMAS MISSION IS TO INSPIRE THE PERSONAL DEVELOPMENT OF EACH SISTER AND PERPETUATE THE ADVANCEMENT OF WOMANHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMMING AT LEADERSHIP CONFERENCES ALIGNED WITH THE FRATERNITY MISSION OF PROVIDING A PREMIER MEMBERSHIP EXPERIENCE FOCUSED ON PERSONAL DEVELOPMENT, LIFE SKILLS, AND LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Ardern Executive Director | Officer | 40 | $115,887 |
Mary Kathleen Wonnenberg President | OfficerTrustee | 10 | $0 |
Wendy Lau Treasurer | OfficerTrustee | 5 | $0 |
Tess Stovall Vice President | OfficerTrustee | 5 | $0 |
Brenezza Garcia Director | Trustee | 5 | $0 |
Kimberly Lewis Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Herff Jones Jewelry/awards | 6/29/21 | $131,395 |
Mj Insurance Insurance Products | 6/29/21 | $111,260 |
Greek Label Llc Merchandise | 6/29/21 | $104,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $80,117 |
| 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 | $80,117 |
| Total Program Service Revenue | $2,110,953 |
| Investment income | $26,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $123,188 |
| Net Rental Income | $1,166 |
| Net Gain/Loss on Asset Sales | $99,536 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $404 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,754,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $837,965 |
| 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. | $145,732 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $856,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,834 |
| Payroll taxes | $83,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,832 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,659 |
| Advertising and promotion | $0 |
| Office expenses | $82,121 |
| Information technology | $165,330 |
| Royalties | $0 |
| Occupancy | $11,727 |
| Travel | $2,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,673 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,085 |
| Insurance | $111,260 |
| All other expenses | $0 |
| Total functional expenses | $3,195,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,801,274 |
| Savings and temporary cash investments | $25,696 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $591,917 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,789 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,843,606 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,315,772 |
| Accounts payable and accrued expenses | $210,443 |
| Grants payable | $0 |
| Deferred revenue | $256,370 |
| 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 | $150,000 |
| Other liabilities | $3,482,038 |
| Total liabilities | $4,098,851 |
| Net assets without donor restrictions | $796,749 |
| Net assets with donor restrictions | $1,420,172 |
| 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 | $6,315,772 |
Grants Awarded
Over the last fiscal year, Phi Sigma Sigma Inc has awarded $837,715 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Eldersburg, MD PURPOSE: GENERAL SUPPORT | $800,000 |
Eldersburg, MD PURPOSE: CHARITABLE DONATION | $37,715 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phi Sigma Sigma Inc has recieved totaling $65,012.
| Awarding Organization | Amount |
|---|---|
Phi Sigma Sigma Foundation Inc Eldersburg, MD PURPOSE: LEADERSHIP AND EDUCATION | $65,012 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Delta Sigma Theta Sorority Inc Washington, DC | $54,155,945 | $17,762,087 |
Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Philadelphia Country Club Gladwyne, PA | $32,330,060 | $13,976,423 |
Merion Golf Club Ardmore, PA | $47,289,704 | $14,329,733 |
Merion Cricket Club Haverford, PA | $51,258,941 | $16,918,678 |