Phi Beta Sigma Fraternity INC FY2022 filing

Tax-deductible

Washington, DCCemetery / fraternalEIN 11-1709989

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

Tax-exempt charity; gifts are tax-deductible.
$132K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · 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
$132K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
36 mo
of spending, in cash
Looks good: 36.0 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
$5.5M
50% of total assets
Looks good: liabilities are 50% 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
$4.4M
-23% vs prior year
Spent
$3.2M
Net assets
$5.4M
By yearFY2020–FY2024
Revenue
$4.4M
FY2022▼ -23%
Revenue by fiscal year
FY2020$3.7M
FY2021$5.7M
FY2022$4.4M
FY2023$7.7M
FY2024$5.0M
Expenses
$3.2M
FY2022▼ -31%
Expenses by fiscal year
FY2020$2.4M
FY2021$4.6M
FY2022$3.2M
FY2023$6.1M
FY2024$4.1M
Net assets
$5.4M
FY2022▲ +26%
Net assets by fiscal year
FY2020$3.2M
FY2021$4.3M
FY2022$5.4M
FY2023$7.0M
FY2024$8.0M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

25 people listed on the 990; $132K paid to officers and key staff.

Part VII, Section A · reportable compensation
International Executive Director
$132,475Pt VII · Sec A
International 1st Vice President
$0Pt VII · Sec A
2nd Vice President
$0Pt VII · Sec A
International President
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Legal Counsel
$0Pt VII · Sec A
International Treasurer
$0Pt VII · Sec A
Western Regional Director
$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 program services, described in the organization's own filed words · FY2022.
01

Congressional Black Caucus

Forum discussion "real talk" on various subject matters pertaining to the state of the african american male.

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)

Pt IX · col B

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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 FY2022 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Fees for servicesLn 2g$3.8M
Other incomeLn 4–11$557K
Investment incomeLn 3$25K
Money outPt IX
$3.2M
Ln 25
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$9.7M
Total assetsLn 16$10.9M
LiabilitiesLn 26$5.5M
PeoplePt VI, VII
25
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.8M
Investment incomeLn 3$25K
Other incomeLn 4–11$557K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$5.6M
SavingsLn 2$4.0M
Cash and savings togetherLn 1–2$9.7M
Land, buildings, equipmentLn 10c$786K
Total assetsLn 16$10.9M
LiabilitiesLn 26$5.5M
Net assetsLn 32$5.4M
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 FY22End FY22
Cash and savingsLn 1–2$7.2M$9.7M
Land, buildings, equipmentLn 10c$525K$786K
Total assetsLn 16$8.0M$10.9M
LiabilitiesLn 26$3.7M$5.5M
Net assetsLn 32$4.3M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$106K
Grants to domestic individualsLn 2$101K
Pay of current officers, directors and key staffLn 5$139K
Other salaries and wagesLn 7$547K
Pension plan contributionsLn 8$10K
Other employee benefitsLn 9$132K
Payroll taxesLn 10$64K
Legal feesLn 11b$2K
Accounting feesLn 11c$30K
Other fees for servicesLn 11g$57K
Office expensesLn 13$304K
Information technologyLn 14$166K
OccupancyLn 16$35K
TravelLn 17$261K
Conferences, conventions and meetingsLn 19$52K
InterestLn 20$246
Depreciation, depletion and amortizationLn 22$80K
InsuranceLn 23$491K
Other expenses (24a–d)Ln 24$509K
All other expensesLn 24e$131K
Total functional expensesLn 25$3.2M

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 Viewing $4.4M$3.2M$1.2M$5.4M 990 PDF
FY2021 $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $4,375,051 across 6 lines filed
Lines not itemized here account for $219,308 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,401,690 · Excluded from tax $390,742$3,792,432
VIII-3 Investment incomeExcluded from tax $25,481$25,481
VIII-5 RoyaltiesExcluded from tax $175,440$175,440
VIII-6 Net rental income or lossExcluded from tax $82,928$82,928
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $79,462$79,462
VIII-12 Total revenueRelated to mission $3,609,892 · Unrelated business $0 · Excluded from tax $765,159$4,375,051
Part IX · Statement of functional expenses $3,215,471 across 20 lines filed
IX-1 Grants to domestic organizations$105,500
IX-2 Grants to domestic individuals$101,000
IX-5 Pay of current officers, directors and key staff$138,819
IX-7 Other salaries and wages$546,667
IX-8 Pension plan contributions$9,860
IX-9 Other employee benefits$132,120
IX-10 Payroll taxes$63,850
IX-11b Legal fees$1,953
IX-11c Accounting fees$30,077
IX-11g Other fees for services$56,785
IX-13 Office expenses$304,320
IX-14 Information technology$166,129
IX-16 Occupancy$35,055
IX-17 Travel$260,739
IX-19 Conferences, conventions and meetings$51,504
IX-20 Interest$246
IX-22 Depreciation, depletion and amortization$80,213
IX-23 Insurance$491,372
IX-24 Other expenses (24a–d)$508,504
IX-24e All other expenses$130,758
IX-25 Total functional expenses$3,215,471
Part X · Balance sheet $10,895,468 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,756,039$5,632,849
X-2 Savings and temporary cash investmentsStart of year $3,434,533$4,020,917
X-4 Accounts receivableStart of year $79,934$89,400
X-8 Inventories for sale or useStart of year $115,934$71,383
X-9 Prepaid expenses and deferred chargesStart of year $48,485$295,133
X-10c Land, buildings and equipment, netStart of year $524,548$785,786
X-16 Total assetsStart of year $7,959,473$10,895,468
X-17 Accounts payable and accrued expensesStart of year $619,316$711,752
X-19 Deferred revenueStart of year $2,808,027$4,456,494
X-25 Other liabilitiesStart of year $234,585$301,752
X-26 Total liabilitiesStart of year $3,661,928$5,469,998
X-27 Net assets without donor restrictionsStart of year $4,297,545$5,425,470
X-32 Total net assets or fund balancesStart of year $4,297,545$5,425,470
X-33 Total liabilities and net assetsStart of year $7,959,473$10,895,468
Part XI · Reconciliation of net assets $5,425,470 net assets at year end
XI-1 Total revenue$4,375,051
XI-2 Total expenses$3,215,471
XI-3 Revenue less expenses$1,159,580
XI-4 Net assets at start of year$4,297,545
XI-5 Net unrealized gains (losses) on investments−$31,655
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,425,470

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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