Phi Mu Alpha Sinfonia Fraternity Of America
- Assets
- $1.5m
- Revenue
- $856.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Evansville, IN
- Founding
- 05/1938
- Data as of
- 05/2022
- EIN
- 61-0435245
Organization Overview
Phi Mu Alpha Sinfonia Fraternity Of America is located in Evansville, IN. The organization was established in 1938. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 05/2022, Phi Mu Alpha Sinfonia Fraternity Of America employed 7 individuals. This organization is the central organization for a national or regional group of organizations. Phi Mu Alpha Sinfonia Fraternity Of America is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Phi Mu Alpha Sinfonia Fraternity Of America generated $856.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $1.2m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FRATERNITY IS DEDICATED TO THE DEVELOPMENT OF THE BEST AND TRUEST FRATERNAL SPIRIT, THE MUTUAL WELFARE AND BROTHERHOOD OF MUSICAL STUDENTS, THE ADVANCEMENT OF MUSIC IN AMERICA, AND A LOYALTY TO THE ALMA MATER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRATERNITY CONTINUED TO INVEST IN NATIONAL PARTNERSHIP PROGRAMS BY SUPPORTING OUR PARTNER ORGANIZATIONS THROUGH SPONSORSHIPS AND EXHIBITS EVEN AS IN-PERSON MEETINGS WERE REPLACED BY VIRTUAL ONLINE SESSIONS AND SEMINARS. WHILE THE PANDEMIC RESTRICTIONS MADE OUTREACH TO OUR ALUMNI CONSTITUENTS MORE CHALLENGING, THE FRATERNITY WAS ABLE TO ADJUST TO AN INCREASE USAGE OF ONLINE AND DIGITAL OUTREACH METHODS, AND DID NOT SEE A SIGNIFICANT DECLINE IN ALUMNI OR PARTNER ENGAGEMENT.
THE FRATERNITY UPGRADED AND STRENGTHENED ITS RISK MANAGEMENT EDUCATION PROGRAMMING AND AS A RESULT WAS AWARDED THE CAMPUS PREVENTION NETWORK'S INAUGURAL SEAL OF PREVENTION, AND WAS ONE OF ONLY 25 GREEK ORGANIZATIONS SO RECOGNIZED. THE FRATERNITY EXPANDED AND RE-EMPHASIZED ITS MENTAL WELL-BEING CURRICULUM IN RESPONSE TO THE AMOUNT OF STUDENT STRESS AND ANXIETY INTRODUCED BY THE PANDEMIC. THE FRATERNITY ALSO ADDED PRESCRIPTION DRUG ABUSE PREVENTION MATERIAL TO ITS GENERAL RISK MANAGEMENT EDUCATION CURRICULUM, REQUIRED OF ALL POTENTIAL MEMBERS PRIOR TO INITIATION.
THE FRATERNITY WAS FORCED TO SUSPEND ITS CHAPTER RETREAT PROGRAM AND ALL IN-PERSON LEADERSHIP EVENTS DUE TO TRAVEL AND HEALTH & SAFETY RESTRICTIONS PUT IN PLACE DURING THE PANDEMIC, WHICH LED TO REDUCED EXPENDITURES ON IN PERSON EVENTS AND THE DIRECTION OF ADDITIONAL FUNDS TO ONLINE EDUCATION EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark R Lichtenberg President | OfficerTrustee | 2 | $0 |
John Mongiovi National Historian | OfficerTrustee | 2 | $0 |
Edward Klint Executive Director | Officer | 65 | $158,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,888 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,888 |
| Total Program Service Revenue | $816,116 |
| Investment income | $5,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $432 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,945 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $856,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,016 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,743 |
| Pension plan accruals and contributions | $5,408 |
| Other employee benefits | $43,378 |
| Payroll taxes | $31,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,599 |
| Advertising and promotion | $0 |
| Office expenses | $10,059 |
| Information technology | $53,164 |
| Royalties | $0 |
| Occupancy | $65,286 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,733 |
| Interest | $20,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,169 |
| Insurance | $145,668 |
| All other expenses | $12,678 |
| Total functional expenses | $1,217,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85 |
| Savings and temporary cash investments | $795,005 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,533 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,582 |
| Prepaid expenses and deferred charges | $78,002 |
| Net Land, buildings, and equipment | $504,046 |
| Investments—publicly traded securities | $85,111 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,513,364 |
| Accounts payable and accrued expenses | $506,529 |
| Grants payable | $0 |
| Deferred revenue | $439,625 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $88,028 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,000 |
| Total liabilities | $1,534,182 |
| Net assets without donor restrictions | -$91,503 |
| Net assets with donor restrictions | $70,685 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,513,364 |