Phi Mu Fraternity
- Assets
- $13.8m
- Revenue
- $22.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Peachtree City, GA
- Founding
- 12/1944
- Data as of
- 06/2018
- EIN
- 62-6046503
Organization Overview
Phi Mu Fraternity is located in Peachtree City, GA. The organization was established in 1944. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is a subordinate organization within 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 06/2018, Phi Mu Fraternity generated $22.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $21.2m during the year ending 06/2018. While expenses have increased by 5.1% per year over the past 4 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
2018
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
ALL ASPECTS OF OPERATING LOCAL CHAPTERS OF A NATIONAL COLLEGE FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Maxson Monnin National Pre | OfficerTrustee | 1 | $0 |
Darlene Reyes Executive Di | Officer | 1 | $0 |
Jennifer Hobaugh Johnson Vice Preside | Trustee | 1 | $0 |
Beth Reisinger Vice Preside | Trustee | 1 | $0 |
Lynn Mcgraw Vice Preside | Trustee | 1 | $0 |
Andie Kash Vice Preside | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $672,422 |
| Investment income | $79,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $199,092 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $562,281 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,181,589 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,922,212 |
| 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 | $779,691 |
| Advertising and promotion | $0 |
| Office expenses | $1,104,811 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $892,697 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,758 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $525,997 |
| Total functional expenses | $21,204,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,666,512 |
| Savings and temporary cash investments | $2,685,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,615,390 |
| 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 |
| Investments—publicly traded securities | $4,690,455 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,926 |
| Total assets | $13,751,042 |
| Accounts payable and accrued expenses | $92,926 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $396,294 |
| Total liabilities | $489,220 |
| Net assets without donor restrictions | $13,261,822 |
| 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 |
| Total liabilities and net assets/fund balances | $13,261,822 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phi Mu Fraternity has recieved totaling $173,618.
| Awarding Organization | Amount |
|---|---|
Phi Mu Foundation Peachtree City, GA | | $173,618 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johns Island Club Inc Vero Beach, FL | $123,619,232 | $39,066,168 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $92,549,328 | $43,130,066 |
Cherokee Town & Country Club Inc Atlanta, GA | $70,405,206 | $43,703,981 |
St Andrews Country Club Inc Boca Raton, FL | $67,588,016 | $28,385,359 |
Capital City Club Inc Atlanta, GA | $84,524,331 | $33,363,422 |
Everglades Club Inc Palm Beach, FL | $55,459,603 | $24,732,349 |
Atlanta Athletic Club Johns Creek, GA | $48,939,283 | $29,765,696 |
Piedmont Driving Club Atlanta, GA | $77,050,064 | $28,104,317 |
Royal Poinciana Golf Club Inc Naples, FL | $61,264,527 | $17,332,259 |
Carmel Country Club Inc Charlotte, NC | $56,143,554 | $23,347,186 |
Riviera Country Club Of Coral Gables Inc Coral Gables, FL | $63,238,082 | $21,710,203 |
Phi Mu Fraternity Peachtree City, GA | $13,751,042 | $22,181,589 |