Phi Mu Fraternity
- Assets
- $29.8m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 52
- Location
- Peachtree City, GA
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 62-0533776
Organization Overview
Phi Mu Fraternity is located in Peachtree City, GA. The organization was established in 1942. 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 Mu Fraternity employed 52 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Phi Mu Fraternity 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 Mu Fraternity generated $6.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. 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
FOUNDED IN 1852, PHI MU IS A WOMEN'S ORGANIZATION WHICH PROVIDES PERSONAL AND ACADEMIC DEVELOPMENT, SERVICE TO OTHERS, COMMITMENT TO EXCELLENCE,AND LIFELONG FRIENDSHIP THROUGH A SHARED TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER SERVICES: EXPENSES INCURRED TO MAINTAIN AND PROMOTE THE FRATERNITY'S INDIVIDUAL CHAPTERS. SERVICES INCLUDE, BUT ARE NOT LIMITED TO, ACCOUNTING SYSTEM, BILLING SYSTEM, MANUALS, MEMBERSHIP CERTIFICATES, AND CHAPTER SUPPLIES.
LEADERSHIP CONFERENCE: HELD ANNUALLY, THIS EVENT OFFERS A CONCENTRATED OPPORTUNITY FOR TEACHING, TRAINING, EXCHANGING OF IDEAS, AND DISCUSSION OF NUMEROUS TOPICS FOR UNDERGRADUATE AND ALUMNAE MEMBERS.
AGLAIA MAGAZINE: PUBLICATION AND DISTRIBUTION OF QUARTERLY MAGAZINE. APPROXIMATELY 154,000 COPIES ARE PUBLISHED AND DISTRIBUTED PER YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Reyes Executive Di | Officer | 40 | $183,060 |
Cynthia Bland National VP | OfficerTrustee | 1 | $0 |
Lynn Mcgraw National VP | OfficerTrustee | 1 | $0 |
Frances Mitchelson Npc Delegate | OfficerTrustee | 1 | $0 |
Andrea Kash National Pre | OfficerTrustee | 1 | $0 |
Karey Neville National VP | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,868,029 |
| Fundraising events | $0 |
| Related organizations | $188,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,056,041 |
| Total Program Service Revenue | $2,082,734 |
| Investment income | $48,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $336,836 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $334,088 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $365,283 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,223,059 |
| 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. | $183,060 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,420,879 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $120,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,413 |
| Office expenses | $207,814 |
| Information technology | $49,011 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,288 |
| Insurance | $139,764 |
| All other expenses | $282,599 |
| Total functional expenses | $3,050,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,525,276 |
| Savings and temporary cash investments | $537,581 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $109,617 |
| Prepaid expenses and deferred charges | $200,495 |
| Net Land, buildings, and equipment | $44,979 |
| Investments—publicly traded securities | $19,374,228 |
| Investments—other securities | $0 |
| Investments—program-related | $1,601,693 |
| Intangible assets | $0 |
| Other assets | $4,417,315 |
| Total assets | $29,811,184 |
| Accounts payable and accrued expenses | $183,176 |
| Grants payable | $0 |
| Deferred revenue | $863,113 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $9,470,032 |
| 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 | $10,516,321 |
| Net assets without donor restrictions | $19,294,863 |
| 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 | $29,811,184 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phi Mu Fraternity has recieved totaling $199,750.
| Awarding Organization | Amount |
|---|---|
Phi Mu Foundation Peachtree City, GA PURPOSE: LEADERSHIP PROGRAMS | $199,750 |
Endowment Analysis
| Beg. Balance | $4,145,317 |
| Earnings | $454,519 |
| Net Contributions | $727,713 |
| Other Expense | $417,927 |
| Ending Balance | $4,909,622 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Royal Palm Yacht & Country Club Boca Raton, FL | $46,256,364 | $15,345,430 |
Palm Beach Country Club Palm Beach, FL | $28,111,995 | $21,230,123 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
The Club At Pelican Bay Inc Naples, FL | $49,551,991 | $15,480,224 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
United States Specialty Sports Association Inc Melbourne, FL | $30,501,525 | $19,243,372 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Quail Ridge Country Club Inc Boynton Beach, FL | $44,841,038 | $11,345,026 |
Quail Creek Country Club Inc Naples, FL | $44,189,570 | $16,205,695 |
Lagorce Country Club Miami Beach, FL | $36,015,198 | $11,628,028 |
Greenville Country Club Greenville, SC | $30,935,703 | $16,712,012 |