Phi Sigma Sigma Foundation INC

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Raise funds for the purpose of providing educational grants, scholarships, leadership, educational programming support of charitable organizations.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-5942561) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $65K a year · 10% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
77% of spending went to programs.
Pt IX · Ln 25 · col B
11.6 mo
of spending, in cash
Plus $3.8M in investments, Pt X · Ln 11–13
11.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $254K
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$171K
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$916K
+38% vs prior year
Spent
$816K
To programs
77%
Net assets
$4.4M
By yearFY2021–FY2025
Revenue
$916K
FY2025▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2021$660K
FY2022$562K
FY2023$528K
FY2024$662K
FY2025$916K
Expenses
$816K
FY2025▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2021$566K
FY2022$483K
FY2023$495K
FY2024$645K
FY2025$816K
Net assets
$4.4M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.0M
FY2022$3.5M
FY2023$3.8M
FY2024$4.1M
FY2025$4.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2007.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $626K Management & general 17% · $142K Fundraising 6% · $48K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Phi Sigma Sigma Foundation 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 15aNo

Programs and updates

Provides educational grants, scholarships, and program support to charitable organizations.

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1 program · $626K · in their own filed words · FY2024
01

Supported leadership training for chapters. Awarded $616,277 in educational grants, scholarships and assistance.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-5942561) · Dispute this line
$626Kprogram expense

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 · FY2024
See all 6 funders →
Grants paid · 18 grants · $1.9M · 2020–2024
Phi Sigma Sigma INCMD · FY2024$403,795
Unitemized GrantFY2024$90,850
Phi Sigma Sigma INCMD · FY2023$241,504
Unitemized GrantFY2023$85,100
Unit 5 Educational FoundationFY2023$15,000
Unitemized GrantFY2023$5,000
Phi Sigma Sigma INCMD · FY2022$130,943
Unitemized GrantFY2022$124,365
Unitemized GrantFY2021$117,225
Phi Sigma Sigma INCMD · FY2021$65,012
Kids in Need FoundationMN · FY2021$49,860
Unitemized GrantFY2020$77,725
Phi Sigma Sigma INCMD · FY2020$74,888

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$916K
Ln 12
Gifts and grantsLn 1h$678K
Other incomeLn 4–11$125K
Investment incomeLn 3$113K
Money outPt IX
$816K
Ln 25
Programscol B$626K
Managementcol C$142K
Fundraisingcol D$48K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$786K
Total assetsLn 16$4.6M
LiabilitiesLn 26$171K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$678K
Noncash giftsLn 1g$50
Investment incomeLn 3$113K
Other incomeLn 4–11$125K
Gains on assetsLn 7$125K
Total revenueLn 12$916K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$763K
Cash and savings togetherLn 1–2$786K
Land, buildings, equipmentLn 10c$11K
InvestmentsLn 11–13$3.8M
Total assetsLn 16$4.6M
LiabilitiesLn 26$171K
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$908K$786K
InvestmentsLn 11–13$3.4M$3.8M
Land, buildings, equipmentLn 10c$17K$11K
Total assetsLn 16$4.3M$4.6M
LiabilitiesLn 26$161K$171K
Net assetsLn 32$4.1M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$525K$525K
Grants to domestic individualsLn 2$91K$91K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$20K$20K
Investment management feesLn 11f$41K$41K
Other fees for servicesLn 11g$5K$4K$825$385
Advertising and promotionLn 12$819$819
Office expensesLn 13$38K$3K$1K$34K
Information technologyLn 14$26K$923$17K$8K
TravelLn 17$9K$9K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$37K$3K$29K$6K
Total functional expensesLn 25$816K$626K$142K$48K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Oct 23, 2025 $916K$816K$100K$4.4M 990 PDF
FY2024Filed with the IRS Oct 30, 2024 $662K$645K$17K$4.1M 990 PDF
FY2023Filed with the IRS Oct 18, 2023 $528K$495K$33K$3.8M 990 PDF
FY2022Filed with the IRS Oct 25, 2022 $562K$483K$79K$3.5M 990 PDF
FY2021Filed with the IRS Sep 23, 2021 $660K$566K$94K$4.0M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $915,984 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $497,686$678,121
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $164,197$237,863
I-11 Other revenuePrior year $284$0
I-12 Total revenuePrior year $662,167$915,984
I-13 Grants and similar amounts paidPrior year $468,989$616,277
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $176,127$199,882
I-18 Total expensesPrior year $645,116$816,159
I-19 Revenue less expensesPrior year $17,051$99,825
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $915,984 across 7 lines filed
VIII-1d Related organizations$292,780
VIII-1f All other contributions, gifts and grants$385,341
VIII-1g Noncash contributions (included above)$50
VIII-1h Total contributions, gifts and grants$678,121
VIII-3 Investment incomeExcluded from tax $113,325$113,325
VIII-7 Net gain or loss on sales of assetsExcluded from tax $124,538$124,538
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $237,863$915,984
Part IX · Statement of functional expenses $816,159 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $525,427$525,427
IX-2 Grants to domestic individualsPrograms $90,850$90,850
IX-11b Legal feesManagement $4,346$4,346
IX-11c Accounting feesManagement $19,800$19,800
IX-11f Investment management feesManagement $41,130$41,130
IX-11g Other fees for servicesPrograms $3,500 · Management $825 · Fundraising $385$4,710
IX-12 Advertising and promotionManagement $819$819
IX-13 Office expensesPrograms $3,078 · Management $1,128 · Fundraising $33,711$37,917
IX-14 Information technologyPrograms $923 · Management $16,935 · Fundraising $7,795$25,653
IX-17 TravelManagement $8,665$8,665
IX-20 InterestManagement $4,040$4,040
IX-22 Depreciation, depletion and amortizationManagement $5,521$5,521
IX-23 InsuranceManagement $10,405$10,405
IX-24 Other expenses (24a–d)Programs $2,625 · Management $28,507 · Fundraising $5,744$36,876
IX-25 Total functional expensesPrograms $626,403 · Management $142,121 · Fundraising $47,635$816,159
Part X · Balance sheet $4,600,272 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $118,367$23,547
X-2 Savings and temporary cash investmentsStart of year $789,675$762,815
X-10c Land, buildings and equipment, netStart of year $16,562$11,041
X-11 Publicly traded securitiesStart of year $3,381,398$3,802,869
X-16 Total assetsStart of year $4,306,002$4,600,272
X-17 Accounts payable and accrued expenses$4,268
X-24 Unsecured notes and loans payableStart of year $148,759$145,107
X-25 Other liabilitiesStart of year $12,187$21,145
X-26 Total liabilitiesStart of year $160,946$170,520
X-27 Net assets without donor restrictionsStart of year $1,634,181$1,757,264
X-28 Net assets with donor restrictionsStart of year $2,510,875$2,672,488
X-32 Total net assets or fund balancesStart of year $4,145,056$4,429,752
X-33 Total liabilities and net assetsStart of year $4,306,002$4,600,272
Part XI · Reconciliation of net assets $4,429,752 net assets at year end
XI-1 Total revenue$915,984
XI-2 Total expenses$816,159
XI-3 Revenue less expenses$99,825
XI-4 Net assets at start of year$4,145,056
XI-5 Net unrealized gains (losses) on investments$184,871
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,429,752

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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