Phi Sigma Sigma Inc
- Assets
- $6.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 27
- Location
- Eldersburg, MD
- Founding
- 05/1946
- Data as of
- 06/2023
- 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 06/2023, Phi Sigma Sigma Inc employed 27 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 06/2023, Phi Sigma Sigma Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. 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 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 TO INSPIRE THE PERSONAL DEVELOPMENT OF EACH SISTER AND PERPETUATE THE ADVANCEMENT OF WOMEN ON PERSONAL DEVELOPMENT, LIFE SKILLS, AND LEADERSHIP.
CHAPTER SUPERVISION FOR 6,127 COLLEGIANS ON 90 COLLEGIATE CAMPUSES AND APPROXIMATELY 66,000 LIVING ALUMNAE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tess Stovall President | OfficerTrustee | 10 | $0 |
Brennezza Daparre Garcia Vice President | OfficerTrustee | 5 | $0 |
Jennifer Bernard Treasurer | OfficerTrustee | 5 | $0 |
Marybeth Althoff Director | Trustee | 5 | $0 |
Margaret Baker Daniel Director | Trustee | 5 | $0 |
Bethany Davis Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mj Insurance Insurance Products | 6/29/22 | $136,536 |
Herff Jones Jewelry/awards | 6/29/22 | $136,434 |
Greek Label Llc Merchandise | 6/29/22 | $106,895 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,069,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,069,392 |
| Total Program Service Revenue | $2,653,146 |
| Investment income | $44,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $117,447 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,766 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,889,023 |
| 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. | $157,881 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,228,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $160,538 |
| Payroll taxes | $104,723 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,514 |
| Fees for services: Accounting | $41,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,479 |
| Fees for services: Other | $169,509 |
| Advertising and promotion | $0 |
| Office expenses | $71,605 |
| Information technology | $210,326 |
| Royalties | $0 |
| Occupancy | $6,631 |
| Travel | $160,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,079 |
| Insurance | $125,120 |
| All other expenses | $0 |
| Total functional expenses | $2,751,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $254,011 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,742 |
| Net Land, buildings, and equipment | $22,489 |
| Investments—publicly traded securities | $2,613,490 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,989,377 |
| Total assets | $6,489,124 |
| Accounts payable and accrued expenses | $114,612 |
| Grants payable | $0 |
| Deferred revenue | $257,600 |
| 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 | $3,117,202 |
| Total liabilities | $3,639,414 |
| Net assets without donor restrictions | $2,849,710 |
| 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 | $6,489,124 |
Grants Awarded
Over the last fiscal year, Phi Sigma Sigma Inc has awarded $837,715 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PHI SIGMA SIGMA NATIONAL HOUSING PURPOSE: GENERAL SUPPORT | $800,000 |
PHI SIGMA SIGMA FOUNDATION PURPOSE: CHARITABLE DONATION | $37,715 |