Phi Mu Fraternity
- Assets
- $29.2m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 46
- Location
- Peachtree City, GA
- Founding
- 10/1942
- Data as of
- 06/2022
- 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 06/2022, Phi Mu Fraternity employed 46 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 06/2022, Phi Mu Fraternity generated $5.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 5 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
2022
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: REPRESENTS EXPENSES INCURRED TO MAINTAIN AND PROMOTE THE FRATERNITYS INDIVIDUAL CHAPTERS.
CONFERENCES AND LEADERSHIP: THE FRATERNITY OFFERS A WIDE RANGE OF LEADERSHIP, CITIZENSHIP, CHARITABLE,AND EDUCATIONAL PROGRAMS FOR ITS UNDERGRADUATE AND ALUMNAE MEMBERS VIA NUMEROUS WORKSHOPS, LECTURES, AND OTHER VENUES. THESE PROGRAMS REPRESENT THE FRATERNITYS ONGOING COMMITMENT TO ITS MEMBERS IN THE ENHANCEMENT OF TEACHING, LEARNING, AND ACHIEVEMENT OF ACADEMIC GOALS.
CARNATION COLLECTION: REPRESENTS EXPENSES INCURRED IN THE PRODUCTION, PROMOTION, AND SALE OF THE FRATERNITYS LINE OF MERCHANDISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Reyes Executive Di | Officer | 40 | $173,492 |
Nancy Hamill Controller | Officer | 40 | $108,995 |
Cynthia Bland National VP | OfficerTrustee | 1 | $0 |
Andrea Kash National Pre | OfficerTrustee | 1 | $0 |
Denise Mcdermott National VP | OfficerTrustee | 1 | $0 |
Lynn Mcgraw National VP | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,926,368 |
| Fundraising events | $0 |
| Related organizations | $171,617 |
| 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 | $3,097,985 |
| Total Program Service Revenue | $1,497,033 |
| Investment income | $63,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $335,193 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $255,044 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,230,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000 |
| 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 | $1,814,371 |
| Pension plan accruals and contributions | $122,528 |
| Other employee benefits | $0 |
| Payroll taxes | $135,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,557 |
| Fees for services: Accounting | $26,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,885 |
| Office expenses | $274,565 |
| Information technology | $52,667 |
| Royalties | $0 |
| Occupancy | $105,682 |
| Travel | $702,779 |
| 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 | $15,573 |
| Insurance | $165,833 |
| All other expenses | $162,609 |
| Total functional expenses | $4,224,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,385,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $416,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $115,769 |
| Prepaid expenses and deferred charges | $861,488 |
| Net Land, buildings, and equipment | $72,459 |
| Investments—publicly traded securities | $17,381,823 |
| Investments—other securities | $0 |
| Investments—program-related | $1,531,346 |
| Intangible assets | $0 |
| Other assets | $4,457,492 |
| Total assets | $29,222,626 |
| Accounts payable and accrued expenses | $216,375 |
| Grants payable | $0 |
| Deferred revenue | $1,543,916 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,532,726 |
| 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 | $10,293,017 |
| Net assets without donor restrictions | $18,929,609 |
| 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 | $29,222,626 |