Phi Sigma Kappa is located in Indianapolis, IN. The organization was established in 1940. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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 12/2022, Phi Sigma Kappa generated $34.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $60.7k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
UNDERGRADUATE FRATERNITY HOUSE; HOUSED NUMEROUS BROTHERS AT BALL STATE UNIVERSITY IN MUNCIE, INDIANA.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peyton Sturgill President | 2 | $0 | |
Eric Carlstedt Vice President | 2 | $0 | |
Daniel Weesner Secretary | 2 | $0 | |
Jonathan Fix Treasurer | 2 | $0 | |
Ivan Lomeli Board Member | 2 | $0 | |
Justin Price Board Member | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $800 |
| Total Program Service Revenue | $32,738 |
| Membership dues | $0 |
| Investment income | $531 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,069 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,300 |
| Occupancy, rent, utilities, and maintenance | $32,318 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,112 |
| Total expenses | $60,730 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,144 |
| Other assets | $0 |
| Total assets | $198,877 |
| Total liabilities | $62,117 |
| Net assets or fund balances | $136,760 |