Phi Sigma Kappa is located in Bethlehem, PA. The organization was established in 1940. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Phi Sigma Kappa 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 Sigma Kappa generated $24.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.3%) each year. All expenses for the organization totaled $24.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (43.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED MEALS, HOUSING, AND SOCIAL PROGRAMS FOR THE LOCAL SOCIAL FRATERNITY MEMBERS- TOTAL OF 25 MEMBERS FOR THE YEAR.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Towsen Treasurer | 0 | $0 | |
Stephen Yelpo Inductor | 0 | $0 | |
Andrew Raso President | 0 | $0 | |
Bennett Crane Vice Preside | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,607 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,607 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $145 |
| Professional fees and other payments to independent contractors | $3,222 |
| Occupancy, rent, utilities, and maintenance | $5,675 |
| Printing, publications, postage, and shipping | $213 |
| Other expenses | $14,883 |
| Total expenses | $24,138 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,853 |
| Other assets | $0 |
| Total assets | $5,853 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,853 |