Phi Mu Fraternity
- Assets
- $5.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Gainesville, FL
- Founding
- 07/1968
- Data as of
- 06/2024
- EIN
- 59-6203032
Organization Overview
Phi Mu Fraternity is located in Gainesville, FL. The organization was established in 1968. 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 06/2024, Phi Mu Fraternity employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phi Mu Fraternity is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2024, Phi Mu Fraternity generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.2m during the year ending 06/2024. While expenses have increased by 7.1% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEALS AND HOUSING FOR THE LOCAL CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEALS AND HOUSING FOR THE LOCAL CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY.
PROVIDE MEALS AND HOUSING FOR THE LOCAL CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Campbell Director | Trustee | $0 | |
Rebecca Nystrom Cato Director | Trustee | $0 | |
Jennifer Martin Treasurer | OfficerTrustee | $0 | |
Debra Martin-Back President | OfficerTrustee | $0 | |
Jennifer Rhatigan Director | Trustee | $0 | |
Barbara Smith Secretary | OfficerTrustee | $0 |
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 | $110 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110 |
| Total Program Service Revenue | $1,295,358 |
| Investment income | $53 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $1,295,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $700 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,791 |
| Payroll taxes | $27,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $26,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $272,262 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,633 |
| Insurance | $0 |
| All other expenses | $7,225 |
| Total functional expenses | $1,242,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,679,494 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,510 |
| 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 | $3,362,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,063,114 |
| Accounts payable and accrued expenses | $16,451 |
| 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 | $1,921,991 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,938,442 |
| Net assets without donor restrictions | $0 |
| 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 | $3,124,672 |
| Total liabilities and net assets/fund balances | $5,063,114 |