Phi Mu Delta National Fraternity
- Assets
- $83.7k
- Revenue
- $209.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Pittsburgh, PA
- Founding
- Data as of
- 06/2023
- EIN
- 23-2365050
Organization Overview
Phi Mu Delta National Fraternity is located in Pittsburgh, PA. As of 06/2023, Phi Mu Delta National Fraternity employed 2 individuals. Phi Mu Delta National Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Phi Mu Delta National Fraternity generated $209.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $224.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A POSITIVE FRATERNITY EXPERIENCE FOR TODAY'S COLLEGE MAN, ENCOURAGING HIGH PERSONAL STANDARDS, MORALLY, MENTALLY, AND SPIRITUALLY, AND, TO HELP ITS MEMBERS LIVE THE IDEALS OF OUR FOUNDERS: DEMOCRACY, BROTHERHOOD AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATIONS INSTITUTE. EACH JANUARY, PHI MU DELTA FRATERNITY HOSTS FOUNDATION INSTITUTE. THE PURPOSE OF THIS PROGRAM IS TO OFFER NUTS & BOLTS TRAINING TO ALL NEWLY ELECTED OFFICERS. THIS THREE DAY TRAINING WORKSHOP PROVIDES OFFICERS WITH THE ESSENTIAL TOOLS TO MANAGE CHAPTER OPERATIONS AND ATTAIN GOALS FOR THE COMING YEAR. ALL FIVE MEMBERS OF THE EXECUTIVE BOARD ARE EXPECTED TO ATTEND.
THE NATIONAL CONCLAVE SERVES AS THE SUPREME GOVERNING BODY OF THE FRATERNITY. DELEGATIONS FROM ALL ACTIVE CHAPTERS, COLONIES AND ALUMNI ASSOCIATIONS GATHER EVERY TWO YEARS TO SELECT THE NATIONAL COUNCIL, VOTE ON LEGISLATION, ESTABLISH MEMBERSHIP FEES AND PROVIDE FEEDBACK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Thompson President | OfficerTrustee | 5 | $0 |
Richard Winter Vice President | OfficerTrustee | 5 | $0 |
William Foran III Secretary | OfficerTrustee | 5 | $0 |
Phillip Morin Treasurer | OfficerTrustee | 5 | $0 |
Timothy Schafer Member-At-Large | Trustee | 5 | $0 |
Thomas Stephen Member-At-Large | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $209,690 |
| Investment income | $0 |
| 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 | $209,690 |
| 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. | $96,767 |
| 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 | $8,576 |
| Payroll taxes | $2,416 |
| 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 | $14,450 |
| Advertising and promotion | $0 |
| Office expenses | $7,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,518 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,737 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,851 |
| All other expenses | $220 |
| Total functional expenses | $224,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,427 |
| Savings and temporary cash investments | $69,244 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $83,671 |
| Accounts payable and accrued expenses | $0 |
| 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 | $25,948 |
| Total liabilities | $25,948 |
| 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 | $57,723 |
| Total liabilities and net assets/fund balances | $83,671 |