Phi 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 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 Inc generated $175.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $155.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 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 110 MEMBERS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abby Krieger Former Archon | 5 | $0 | |
Emma Rosh Former Vice Archon | 5 | $0 | |
Jocelyn Lister Former Bursar | 5 | $0 | |
Jillian Max Former Scribe | 5 | $0 | |
Lily Fleishman Secretary | 5 | $0 | |
Jaime Rubino Archon | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,185 |
| Total Program Service Revenue | $53,987 |
| Membership dues | $109,842 |
| Investment income | $470 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,552 |
| Total Revenue | $175,036 |
| 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 | $155,526 |
| Total expenses | $155,526 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,137 |
| Other assets | $0 |
| Total assets | $73,632 |
| Total liabilities | $0 |
| Net assets or fund balances | $73,632 |