Phi Sigma Sigma Foundation INC FY2021 filing

Tax-deductible

Eldersburg, MD501(c)(3)EducationEIN 20-5942561Revenue $660K in FY2021

On file with the IRSphisigmasigma.org/foundation1213 Liberty Rd Ste J 335, 21784-7955 · Eldersburg, MDTax-exempt since Mar 2007Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

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

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $254K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$173K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$660K
Spent
$566K
To programs
77%
Net assets
$4.0M
By yearFY2021–FY2025
Revenue
$660K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$660K
FY2022$562K
FY2023$528K
FY2024$662K
FY2025$916K
Expenses
$566K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$566K
FY2022$483K
FY2023$495K
FY2024$645K
FY2025$816K
Net assets
$4.0M
FY2021
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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% · $439K Management & general 14% · $81K Fundraising 8% · $46K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President/Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Phi Sigma Sigma Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

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

Questions for Phi Sigma Sigma Foundation INC

Tap to ask. Phi Sigma Sigma Foundation INC sees how many people are interested.

Your first name shows with your question. Phi Sigma Sigma Foundation INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $439K · in their own filed words · FY2020
01

Supported leadership training for chapters. Awarded 77,725 in educational grants, scholarships and assistance.

$439Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$660K
Ln 12
Gifts and grantsLn 1h$363K
Investment incomeLn 3$265K
Fees for servicesLn 2g$19K
Money outPt IX
$566K
Ln 25
Programscol B$439K
Managementcol C$81K
Fundraisingcol D$46K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$920K
Total assetsLn 16$4.2M
LiabilitiesLn 26$173K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$363K
Fees for servicesLn 2g$19K
Investment incomeLn 3$265K
Other incomeLn 4–11$13K
Gains on assetsLn 7$196K
Total revenueLn 12$660K
Assets in detailPt X, end of year
SavingsLn 2$920K
Cash and savings togetherLn 1–2$920K
InvestmentsLn 11–13$3.2M
Total assetsLn 16$4.2M
LiabilitiesLn 26$173K
Net assetsLn 32$4.0M
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 FY21End FY21
Cash and savingsLn 1–2$677K$920K
InvestmentsLn 11–13$2.7M$3.2M
Total assetsLn 16$3.4M$4.2M
LiabilitiesLn 26$41K$173K
Net assetsLn 32$3.3M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$224K$224K
Grants to domestic individualsLn 2$91K$91K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$7K$7K
Lobbying feesLn 11d$0
Investment management feesLn 11f$35K$35K
Other fees for servicesLn 11g$47K$10K$20K$16K
Advertising and promotionLn 12$0
Office expensesLn 13$11K$637$552$10K
Information technologyLn 14$23K$3K$6K$14K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$118K$109K$2K$7K
All other expensesLn 24e$0
Total functional expensesLn 25$566K$439K$81K$46K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $916K$816K$100K$4.4M 990 PDF
FY2024 $662K$645K$17K$4.1M 990 PDF
FY2023 $528K$495K$33K$3.8M 990 PDF
FY2022 $562K$483K$79K$3.5M 990 PDF
FY2021 Viewing $660K$566K$94K$4.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $660,188 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $800,218$362,994
I-9 Program service revenuePrior year $39,849$18,982
I-10 Investment incomePrior year $35,749$265,200
I-11 Other revenuePrior year $923$13,012
I-12 Total revenuePrior year $876,739$660,188
I-13 Grants and similar amounts paidPrior year $458,245$315,354
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $54,662$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $133,513$250,597
I-18 Total expensesPrior year $646,420$565,951
I-19 Revenue less expensesPrior year $230,319$94,237
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $660,188 across 8 lines filed
VIII-1f All other contributions, gifts and grants$362,994
VIII-1h Total contributions, gifts and grants$362,994
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,982$18,982
VIII-3 Investment incomeExcluded from tax $69,235$69,235
VIII-5 RoyaltiesRelated to mission $781$781
VIII-7 Net gain or loss on sales of assets$195,965
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,231$12,231
VIII-12 Total revenueRelated to mission $31,994 · Excluded from tax $69,235$660,188
Part IX · Statement of functional expenses $565,951 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $223,897$223,897
IX-2 Grants to domestic individualsPrograms $91,457$91,457
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $6,900$6,900
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $34,998$34,998
IX-11g Other fees for servicesPrograms $10,239 · Management $20,256 · Fundraising $16,481$46,976
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $637 · Management $552 · Fundraising $9,626$10,815
IX-14 Information technologyPrograms $2,793 · Management $6,363 · Fundraising $13,578$22,734
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $10,251$10,251
IX-24 Other expenses (24a–d)Programs $109,495 · Management $1,731 · Fundraising $6,697$117,923
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $438,518 · Management $81,051 · Fundraising $46,382$565,951
Part X · Balance sheet $4,162,612 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $676,982$920,329
X-3 Pledges and grants receivableStart of year $3,411$5,015
X-9 Prepaid expenses and deferred charges$6,300
X-11 Publicly traded securitiesStart of year $2,704,255$3,230,968
X-16 Total assetsStart of year $3,384,648$4,162,612
X-17 Accounts payable and accrued expensesStart of year $40,894$23,097
X-25 Other liabilities$150,000
X-26 Total liabilitiesStart of year $40,894$173,097
X-27 Net assets without donor restrictionsStart of year $1,159,302$1,575,256
X-28 Net assets with donor restrictionsStart of year $2,184,452$2,414,259
X-32 Total net assets or fund balancesStart of year $3,343,754$3,989,515
X-33 Total liabilities and net assetsStart of year $3,384,648$4,162,612
Part XI · Reconciliation of net assets $3,989,515 net assets at year end
XI-1 Total revenue$660,188
XI-2 Total expenses$565,951
XI-3 Revenue less expenses$94,237
XI-4 Net assets at start of year$3,343,754
XI-5 Net unrealized gains (losses) on investments$551,524
XI-10 Net assets at end of year$3,989,515

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.