Phi Beta Sigma Fraternity INC FY2021 filing

Tax-deductible

Washington, DCCemetery / fraternalEIN 11-1709989Revenue $5.7M in FY2021

On file with the IRSphibetasigma1914.org1025 Connecticut Avenue Nw Suite 91, 20036-5405 · Washington, DCTax-exempt since Jan 1974

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

Tax-exempt charity; gifts are tax-deductible.
$125K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
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
Looks good: 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
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 18.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $50K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.7M
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.7M
+56% vs prior year
Spent
$4.6M
Net assets
$4.3M
By yearFY2020–FY2024
Revenue
$5.7M
FY2021▲ +56%
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
$4.6M
FY2021▲ +89%
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
$4.3M
FY2021▲ +33%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

26 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation
International Executive Director
$125,000Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
2nd Vice President (until Aug 2021)
$0Pt VII · Sec A
2nd Vice President
$0Pt VII · Sec A
International Treasurer
$0Pt VII · Sec A
Legal Counsel
$0Pt VII · Sec A
Director of Education
$0Pt VII · Sec A
International Director of Bigger & Better Business
$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 →

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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.

Provided by the organization

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2 programs · in their own filed words · FY2021
01

Congressional Black Caucus

Forum discussion "real talk" on various subject matters pertaining to the state of the african american male. - this event was held virtually in 2021 due to COVID-19.

Pt IX · col B
02

Sigma Week on Capitol Hill

Approximately 20-25 members of the fraternity meet with members of congress (20-25 congressional leaders). - 2021 event did not take place due to covid

Pt IX · 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$5.7M
Ln 12
Fees for servicesLn 2g$5.1M
Other incomeLn 4–11$585K
Investment incomeLn 3$18K
Money outPt IX
$4.6M
Ln 25
Owns and owesPt X
$4.3M
net assets · Ln 32
Cash and savingsLn 1–2$7.2M
Total assetsLn 16$8.0M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.1M
Investment incomeLn 3$18K
Other incomeLn 4–11$585K
Total revenueLn 12$5.7M
Assets in detailPt X, end of year
CashLn 1$3.8M
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$7.2M
Land, buildings, equipmentLn 10c$525K
Total assetsLn 16$8.0M
LiabilitiesLn 26$3.7M
Net assetsLn 32$4.3M
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 FY21End FY21
Cash and savingsLn 1–2$6.7M$7.2M
Land, buildings, equipmentLn 10c$339K$525K
Total assetsLn 16$7.3M$8.0M
LiabilitiesLn 26$4.0M$3.7M
Net assetsLn 32$3.2M$4.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$270K
Grants to domestic individualsLn 2$100K
Pay of current officers, directors and key staffLn 5$148K
Other salaries and wagesLn 7$639K
Pension plan contributionsLn 8$5K
Other employee benefitsLn 9$145K
Payroll taxesLn 10$70K
Legal feesLn 11b$11K
Accounting feesLn 11c$42K
Other fees for servicesLn 11g$10K
Office expensesLn 13$329K
Information technologyLn 14$191K
OccupancyLn 16$40K
TravelLn 17$151K
Conferences, conventions and meetingsLn 19$16K
Depreciation, depletion and amortizationLn 22$28K
InsuranceLn 23$423K
Other expenses (24a–d)Ln 24$1.9M
All other expensesLn 24e$144K
Total functional expensesLn 25$4.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.0M$4.1M$973K$8.0M 990 PDF
FY2023 $7.7M$6.1M$1.6M$7.0M 990 PDF
FY2022 $4.4M$3.2M$1.2M$5.4M 990 PDF
FY2021 Viewing $5.7M$4.6M$1.1M$4.3M 990 PDF
FY2020 $3.7M$2.4M$1.2M$3.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $5,690,900 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,121,033$5,087,940
I-10 Investment incomePrior year $15,705$17,668
I-11 Other revenuePrior year $514,671$585,292
I-12 Total revenuePrior year $3,651,409$5,690,900
I-13 Grants and similar amounts paidPrior year $224,260$370,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $793,717$1,007,743
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,426,641$3,254,363
I-18 Total expensesPrior year $2,444,618$4,632,106
I-19 Revenue less expensesPrior year $1,206,791$1,058,794
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 $5,690,900 across 6 lines filed
Lines not itemized here account for $246,406 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,702,890 · Excluded from tax $385,050$5,087,940
VIII-3 Investment incomeExcluded from tax $17,668$17,668
VIII-5 RoyaltiesExcluded from tax $168,875$168,875
VIII-6 Net rental income or lossExcluded from tax $83,532$83,532
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $86,479$86,479
VIII-12 Total revenueRelated to mission $4,844,484 · Unrelated business $0 · Excluded from tax $846,416$5,690,900
Part IX · Statement of functional expenses $4,632,106 across 19 lines filed
IX-1 Grants to domestic organizations$270,000
IX-2 Grants to domestic individuals$100,000
IX-5 Pay of current officers, directors and key staff$148,492
IX-7 Other salaries and wages$638,683
IX-8 Pension plan contributions$5,257
IX-9 Other employee benefits$145,020
IX-10 Payroll taxes$70,291
IX-11b Legal fees$10,788
IX-11c Accounting fees$42,027
IX-11g Other fees for services$9,541
IX-13 Office expenses$328,894
IX-14 Information technology$190,603
IX-16 Occupancy$40,294
IX-17 Travel$150,560
IX-19 Conferences, conventions and meetings$15,838
IX-22 Depreciation, depletion and amortization$28,075
IX-23 Insurance$422,636
IX-24 Other expenses (24a–d)$1,870,886
IX-24e All other expenses$144,221
IX-25 Total functional expenses$4,632,106
Part X · Balance sheet $7,959,473 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $4,161,069$3,756,039
X-2 Savings and temporary cash investmentsStart of year $2,493,103$3,434,533
X-4 Accounts receivableStart of year $18,837$79,934
X-8 Inventories for sale or useStart of year $43,060$115,934
X-9 Prepaid expenses and deferred chargesStart of year $212,794$48,485
X-10c Land, buildings and equipment, netStart of year $338,570$524,548
X-16 Total assetsStart of year $7,267,433$7,959,473
X-17 Accounts payable and accrued expensesStart of year $184,599$619,316
X-19 Deferred revenueStart of year $3,620,512$2,808,027
X-25 Other liabilitiesStart of year $222,559$234,585
X-26 Total liabilitiesStart of year $4,027,670$3,661,928
X-27 Net assets without donor restrictionsStart of year $3,239,763$4,297,545
X-32 Total net assets or fund balancesStart of year $3,239,763$4,297,545
X-33 Total liabilities and net assetsStart of year $7,267,433$7,959,473
Part XI · Reconciliation of net assets $4,297,545 net assets at year end
XI-1 Total revenue$5,690,900
XI-2 Total expenses$4,632,106
XI-3 Revenue less expenses$1,058,794
XI-4 Net assets at start of year$3,239,763
XI-5 Net unrealized gains (losses) on investments−$1,012
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,297,545

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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