Phi Sigma Sigma Foundation Inc

Organization Overview

Phi Sigma Sigma Foundation Inc is located in Eldersburg, MD. The organization was established in 2007. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phi Sigma Sigma Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Phi Sigma Sigma Foundation Inc generated $562.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $483.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Phi Sigma Sigma Foundation Inc has awarded 34 individual grants totaling $1,317,025. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

RAISE FUNDS FOR THE PURPOSE OF PROVIDING EDUCATIONAL GRANTS, SCHOLARSHIPS, LEADERSHIP, EDUCATIONAL PROGRAMMING SUPPORT OF CHARITABLE ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORTED LEADERSHIP TRAINING FOR CHAPTERS. AWARDED 117, 225 IN EDUCATIONAL GRANTS, SCHOLARSHIPS AND ASSISTANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Vanessa Freeman Zerhusen
President
$0
Melissa Sylvester
Vice President/secretary
$0
Melanie Boone
Treasurer
$0
Michelle Ardern
Ex Officio
$0
Lisa Damore
Director
$0
Gina Kerley
Director
$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$400,607
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$400,607
Total Program Service Revenue$19,639
Investment income $51,189
Tax Exempt Bond Proceeds $0
Royalties $843
Net Rental Income $0
Net Gain/Loss on Asset Sales $79,887
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $562,043

Grants Awarded

Over the last fiscal year, Phi Sigma Sigma Foundation Inc has awarded $166,954 in support to 3 organizations.

Grant RecipientAmount

PHI SIGMA SIGMA INC

Org PageRecipient Profile

Eldersburg, MD

PURPOSE: LEADERSHIP AND EDUCATION

$65,012

PHI SIGMA SIGMA NATIONAL HOUSING

Org PageRecipient Profile

Eldersburg, MD

PURPOSE: HOUSING EDUCATION

$52,082

KIDS IN NEED FOUNDATION

Org PageRecipient Profile

Roseville, MN

PURPOSE: GENERAL SUPPORT

$49,860
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Phi Sigma Sigma Foundation Inc has recieved totaling $8,133.

Awarding OrganizationAmount
Phi Sigma Sigma Sorority Inc

Eldersburg, MD

PURPOSE: EDUCATIONAL GRANT

$7,933
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$200
View Grant Recipient Profile

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