Phi Sigma Sigma Iota Mu Chapter is located in Elkridge, MD. The organization was established in 1946. 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 Sigma Iota Mu Chapter is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2017, Phi Sigma Sigma Iota Mu Chapter generated $63.8k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $63.0k during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 2 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
2017
Describe the Organization's Program Activity:
Part 3
OPERATION OF MEMBERSHIP ORGANIZATION FOR ITS 65 MEMBERS.
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| Lina Guindy Archon | 5 | $0 | |
| Marina Jube Bursar | 5 | $0 | |
| Meghan Mammola Scribe | 5 | $0 | |
| Katie Herzberg Vice Archon | 5 | $0 | 
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 | 
| Total Program Service Revenue | $0 | 
| Membership dues | $63,641 | 
| Investment income | $128 | 
| Gain or Loss | $0 | 
| Net Income from Gaming & Fundraising | $0 | 
| Other Revenue | $0 | 
| Total Revenue | $63,769 | 
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 | 
| Benefits paid to or for members | $60,364 | 
| Salaries, other compensation, and employee benefits | $0 | 
| Professional fees and other payments to independent contractors | $400 | 
| Occupancy, rent, utilities, and maintenance | $757 | 
| Printing, publications, postage, and shipping | $287 | 
| Other expenses | $1,207 | 
| Total expenses | $63,015 | 
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $912 | 
| Other assets | $0 | 
| Total assets | $8,565 | 
| Total liabilities | $0 | 
| Net assets or fund balances | $8,565 |