Phi Rho Sigma Medical Society
- Assets
- $69.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 04/1960
- Data as of
- 08/2023
- EIN
- 41-0702803
Organization Overview
Phi Rho Sigma Medical Society is located in Minneapolis, MN. The organization was established in 1960. 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 Rho Sigma Medical Society is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2023, Phi Rho Sigma Medical Society generated $134.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $142.2k during the year ending 08/2023. While expenses have increased by 0.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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 GRADUATE FRATERNITY HOUSING, ACTIVITIES ANDENVIRONMENT AT THE UNIVERSITY OF MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Halverson Co-President | 5 | $0 | |
Aidan White Co-President | 5 | $0 | |
Connor Ott Treasurer | 3 | $0 | |
Aanish Puri Maintenance Manager | 5 | $0 | |
Gloria Kitange House Manager | 2 | $0 | |
Haakon Sigurslid Maintenance Manager | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $134,225 |
| Membership dues | $0 |
| Investment income | $206 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $154 |
| Total Revenue | $134,585 |
| 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 | $2,225 |
| Occupancy, rent, utilities, and maintenance | $124,228 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,742 |
| Total expenses | $142,195 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,603 |
| Other assets | $0 |
| Total assets | $69,178 |
| Total liabilities | $23,889 |
| Net assets or fund balances | $45,289 |