Phi Sigma Sigma 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 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 generated $95.9k 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 (4.8%) each year. All expenses for the organization totaled $86.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) 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 67 MEMBERS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chloe Bibeau Former Bursar | 5 | $0 | |
Lauren Lovoi Scribe | 5 | $0 | |
Katherine Jones Former Archon | 5 | $0 | |
Angelique Paravalos Former Vice Archon | 5 | $0 | |
Sophia Mellis Former Scribe | 5 | $0 | |
Madi Cresta Archon | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,372 |
| Total Program Service Revenue | $575 |
| Membership dues | $68,732 |
| Investment income | $646 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,572 |
| Total Revenue | $95,897 |
| 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 | $68,932 |
| Total expenses | $86,758 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,803 |
| Other assets | $0 |
| Total assets | $49,918 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,918 |