Phi Sigma Sigma Inc is located in Eldersburg, 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 Inc 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 Sigma Inc generated $169.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $155.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 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
OPERATION OF MEMBERSHIP ORGANIZATION FOR ITS 170 MEMBERS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kayleigh Wittman Former Archon | 5 | $0 | |
Carlie Kreutzer Former Vice Archon | 5 | $0 | |
Lindsey Letofsky Former Bursar | 5 | $0 | |
Ella Borgacci Secretary | 5 | $0 | |
Mackenzie Weeks Archon | 5 | $0 | |
Carly Andrews Vice Archon | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,871 |
| Total Program Service Revenue | $50,108 |
| Membership dues | $108,654 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,596 |
| Total Revenue | $169,229 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $142,022 |
| Total expenses | $155,702 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,625 |
| Other assets | $0 |
| Total assets | $75,682 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,682 |