Phi Sigma Kappa
- Assets
- $13.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/1941
- Data as of
- 06/2023
- EIN
- 41-0479442
Organization Overview
Phi Sigma Kappa is located in Minneapolis, MN. The organization was established in 1941. 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 06/2023, Phi Sigma Kappa generated $58.3k 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 (5.5%) each year. All expenses for the organization totaled $55.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.1%) 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDING COLLEGIATE FRATERNITY HOUSING, ACTIVITIES,AND ENVIRONMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Russeth President | 10 | $0 | |
Christian Toledo Vice-President | 8 | $0 | |
Samuel Dahl Secretary | 3 | $0 | |
Justin Sunvold Treasurer | 7 | $0 | |
Nathan Williams Sentinel | 4 | $0 | |
Benjamin Thompson Inductor | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,836 |
| Membership dues | $45,494 |
| Investment income | $142 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $629 |
| Other Revenue | $221 |
| Total Revenue | $58,322 |
| 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 | $1,875 |
| Occupancy, rent, utilities, and maintenance | $6,715 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $46,176 |
| Total expenses | $55,395 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,619 |
| Other assets | $0 |
| Total assets | $13,685 |
| Total liabilities | $412 |
| Net assets or fund balances | $13,273 |