Phi Beta Sigma Fraternity INC

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Exemplify the ideals of brotherhood, scholarship and service to the general community.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 11-1709989) · Dispute this line
Tax-exempt charity; gifts are tax-deductible.
Run by 50 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.2M a year · 23% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$125K
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
22.3 mo
of spending, in cash
22.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $50K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$5.9M
42% of total assets
Liabilities are 42% of assets.
Pt X · Ln 26
Independent board members
20
of 20 voting members
20 of 20 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$5.0M
-35% vs prior year
Spent
$4.1M
Net assets
$8.0M
By yearFY2020–FY2024
Revenue
$5.0M
FY2024▼ -35%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$5.7M
FY2022$4.4M
FY2023$7.7M
FY2024$5.0M
Expenses
$4.1M
FY2024▼ -34%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$4.6M
FY2022$3.2M
FY2023$6.1M
FY2024$4.1M
Net assets
$8.0M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$4.3M
FY2022$5.4M
FY2023$7.0M
FY2024$8.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

23 people listed on the 990; $125K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
International Executive Director
$124,743Pt VII · Sec A
International President
$0Pt VII · Sec A
International 1st Vice President
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Legal Counsel
$0Pt VII · Sec A
Great Lakes Regional Director
$0Pt VII · Sec A
Intl Second Vice Pres
$0Pt VII · Sec A
Dir of Collegiate Affs
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Daryl a Anderson SR$124,743$131,740$132,475$125,000—
Daryl Anderson————$121,445

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Phi Beta Sigma Fraternity INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes brotherhood, scholarship, and community service.

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1 program · in their own filed words · FY2024
01

Congressional Black Caucus /Sigma Week on Capitol Hill

Forum discussion "real talk" on various subject matters pertaining to the state of the african american male. In addition, 20-25 members of the fraternity meet with members of congress (20-25 congressional leaders)

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 11-1709989) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
AARPFY2023$25K
Total grants receivedfrom 3 funders$50K
See all 3 funders →
Grants paid · 33 grants · $1.3M · 2020–2024
Unitemized GrantFY2024$119,500
American Cancer Society INCGA · FY2024$25,000
NAACPMD · FY2024$22,500
Zeta Phi Beta Sorority INCDC · FY2024$20,000
Unitemized GrantFY2023$122,000
Cwm Centennial Gala LLCFY2023$25,000
Rockteen Youth FoundationTX · FY2023$25,000
One Foundation INCUT · FY2023$10,000
Unitemized GrantFY2022$101,000
John and Lilian Miles Lewis FoundationFY2022$25,000
See all 33 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Fees for servicesLn 2g$4.2M
Other incomeLn 4–11$594K
Investment incomeLn 3$230K
Money outPt IX
$4.1M
Ln 25
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$7.5M
Total assetsLn 16$14.0M
LiabilitiesLn 26$5.9M
PeoplePt VI, VII
23
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.2M
Investment incomeLn 3$230K
Other incomeLn 4–11$594K
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$4.4M
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$7.5M
Accounts receivableLn 4$104K
Inventories for sale or useLn 8$90K
Prepaid expenses and deferred chargesLn 9$263K
Land, buildings, equipmentLn 10c$1.7M
InvestmentsLn 11–13$4.2M
Other assetsLn 15$150K
Total assetsLn 16$14.0M
LiabilitiesLn 26$5.9M
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 512
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.0M$7.5M
InvestmentsLn 11–13$5.6M$4.2M
Land, buildings, equipmentLn 10c$1.1M$1.7M
Total assetsLn 16$11.0M$14.0M
LiabilitiesLn 26$4.0M$5.9M
Net assetsLn 32$7.0M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$116K
Grants to domestic individualsLn 2$120K
Pay of officers and key staff (Part IX, line 5)Ln 5$160K
Other salaries and wagesLn 7$740K
Pension plan contributionsLn 8$5K
Other employee benefitsLn 9$140K
Payroll taxesLn 10$74K
Legal feesLn 11b$10K
Accounting feesLn 11c$50K
Office expensesLn 13$419K
Information technologyLn 14$215K
OccupancyLn 16$198K
TravelLn 17$324K
Conferences, conventions and meetingsLn 19$50K
InterestLn 20$534
Depreciation, depletion and amortizationLn 22$38K
InsuranceLn 23$628K
Other expenses (24a–d)Ln 24$505K
All other expensesLn 24e$267K
Total functional expensesLn 25$4.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $5.0M$4.1M$973K$8.0M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $7.7M$6.1M$1.6M$7.0M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $4.4M$3.2M$1.2M$5.4M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $5.7M$4.6M$1.1M$4.3M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $3.7M$2.4M$1.2M$3.2M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $5,033,530 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $7,129,516$4,209,535
I-10 Investment incomePrior year $38,021$229,811
I-11 Other revenuePrior year $554,303$594,184
I-12 Total revenuePrior year $7,721,840$5,033,530
I-13 Grants and similar amounts paidPrior year $272,000$235,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $955,206$1,120,137
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,905,576$2,705,144
I-18 Total expensesPrior year $6,132,782$4,060,281
I-19 Revenue less expensesPrior year $1,589,058$973,249
Part VI · Governance 20 of 20 board members independent, 2 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,033,530 across 5 lines filed
Lines not itemized here account for $263,098 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,787,435 · Excluded from tax $422,100$4,209,535
VIII-3 Investment incomeExcluded from tax $229,811$229,811
VIII-5 RoyaltiesExcluded from tax $203,622$203,622
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $127,464$127,464
VIII-12 Total revenueRelated to mission $4,050,533 · Unrelated business $0 · Excluded from tax $982,997$5,033,530
Part IX · Statement of functional expenses $4,060,281 across 19 lines filed
IX-1 Grants to domestic organizations$115,500
IX-2 Grants to domestic individuals$119,500
IX-5 Pay of officers and key staff (Part IX, line 5)$160,140
IX-7 Other salaries and wages$740,402
IX-8 Pension plan contributions$5,316
IX-9 Other employee benefits$140,203
IX-10 Payroll taxes$74,076
IX-11b Legal fees$10,107
IX-11c Accounting fees$50,005
IX-13 Office expenses$419,250
IX-14 Information technology$215,251
IX-16 Occupancy$198,367
IX-17 Travel$323,610
IX-19 Conferences, conventions and meetings$50,196
IX-20 Interest$534
IX-22 Depreciation, depletion and amortization$37,867
IX-23 Insurance$628,190
IX-24 Other expenses (24a–d)$504,545
IX-24e All other expenses$267,222
IX-25 Total functional expenses$4,060,281
Part X · Balance sheet $13,964,844 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,123,997$4,435,201
X-2 Savings and temporary cash investmentsStart of year $886,298$3,098,860
X-4 Accounts receivableStart of year $101,536$103,572
X-8 Inventories for sale or useStart of year $77,867$89,691
X-9 Prepaid expenses and deferred chargesStart of year $89,463$263,393
X-10c Land, buildings and equipment, netStart of year $1,089,262$1,671,680
X-11 Publicly traded securitiesStart of year $5,615,425$4,152,672
X-15 Other assetsStart of year $0$149,775
X-16 Total assetsStart of year $10,983,848$13,964,844
X-17 Accounts payable and accrued expensesStart of year $553,045$312,042
X-19 Deferred revenueStart of year $3,237,294$5,268,473
X-25 Other liabilitiesStart of year $184,570$345,453
X-26 Total liabilitiesStart of year $3,974,909$5,925,968
X-27 Net assets without donor restrictionsStart of year $7,008,939$8,038,876
X-32 Total net assets or fund balancesStart of year $7,008,939$8,038,876
X-33 Total liabilities and net assetsStart of year $10,983,848$13,964,844
Part XI · Reconciliation of net assets $8,038,876 net assets at year end
XI-1 Total revenue$5,033,530
XI-2 Total expenses$4,060,281
XI-3 Revenue less expenses$973,249
XI-4 Net assets at start of year$7,008,939
XI-5 Net unrealized gains (losses) on investments$56,688
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,038,876

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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