Phi Sigma Sigma Foundation INC: FY2024 Nonprofit Profile & Form 990 (EIN 20-5942561)

Revenue by fiscal year
FY2021	$660K
FY2022	$562K
FY2023	$528K
FY2024	$662K
FY2025	$916K

Expenses by fiscal year
FY2021	$566K
FY2022	$483K
FY2023	$495K
FY2024	$645K
FY2025	$816K

Net assets by fiscal year
FY2021	$4.0M
FY2022	$3.5M
FY2023	$3.8M
FY2024	$4.1M
FY2025	$4.4M

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

73 cents of each dollar spent went to programs.

73%

21%

Program services 73% · $471K Management & general 21% · $133K Fundraising 6% · $41K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Vanessa Freeman Zerhusen

President

$0Pt VII · Sec A

Melissa Sylvester

Vice President

$0Pt VII · Sec A

Melanie Boone

Treasurer

$0Pt VII · Sec A

Marcie Berson

Director

$0Pt VII · Sec A

Lisa Damore

Director

$0Pt VII · Sec A

Gina Kerley

Director

$0Pt VII · Sec A

Michelle Ardern

Executive Director

$0Pt VII · Sec A

See Phi Sigma Sigma Foundation INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

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 org? Add your story

1 program · $471K · in their own filed words · FY2023

01

Supported leadership training for chapters. Awarded $468,989 in educational grants, scholarships and assistance.

$471Kprogram 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

Phi Sigma Sigma INCFY2024$220K

Theta Chapter of Phi Sigma Sigma at UiucFY2024$9K

Phi Sigma Sigma INC - Delta EtaFY2024$8K

Phi Sigma Sigma Sorority - Pi ChapterFY2024$7K

Phi Sigma Sigma INC - Iota Chi ChapterFY2024$5K

Phi Sigma Sigma INC - Beta AlphaFY2024$5K

Total grants receivedfrom 6 funders$254K

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 National Housing CorporationMD · FY2024$60,133

Phi Sigma Sigma INCMD · FY2023$241,504

Unitemized GrantFY2023$85,100

Phi Sigma Sigma National Housing CorporationMD · FY2023$59,317

Unit 5 Educational FoundationFY2023$15,000

Unitemized GrantFY2023$5,000

Phi Sigma Sigma INCMD · FY2022$130,943

Unitemized GrantFY2022$124,365

Phi Sigma Sigma National Housing CorporationMD · FY2022$65,012

Unitemized GrantFY2021$117,225

Phi Sigma Sigma INCMD · FY2021$65,012

Phi Sigma Sigma National Housing CorporationMD · FY2021$52,082

Kids in Need FoundationMN · FY2021$49,860

Phi Sigma Sigma National Housing CorporationMD · FY2020$147,009

Unitemized GrantFY2020$77,725

Phi Sigma Sigma INCMD · FY2020$74,888

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$662K

Ln 12

Gifts and grantsLn 1h$498K

Investment incomeLn 3$164K

Other incomeLn 4–11$284

Money outPt IX

$645K

Ln 25

Programscol B$471K

Managementcol C$133K

Fundraisingcol D$41K

Owns and owesPt X

$4.1M

net assets · Ln 32

Cash and savingsLn 1–2$908K

Total assetsLn 16$4.3M

LiabilitiesLn 26$161K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$498K

Noncash giftsLn 1g$200

Investment incomeLn 3$164K

Other incomeLn 4–11$284

Gains on assetsLn 7$54K

Total revenueLn 12$662K

Assets in detailPt X, end of year

CashLn 1$118K

SavingsLn 2$790K

Cash and savings togetherLn 1–2$908K

InvestmentsLn 11–13$3.4M

Land, buildings, equipmentLn 10c$17K

Total assetsLn 16$4.3M

LiabilitiesLn 26$161K

Net assetsLn 32$4.1M

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$726K	$908K
InvestmentsLn 11–13	$3.3M	$3.4M
Land, buildings, equipmentLn 10c	$22K	$17K
Total assetsLn 16	$4.0M	$4.3M
LiabilitiesLn 26	$195K	$161K
Net assetsLn 32	$3.8M	$4.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$379K	$379K
Grants to domestic individualsLn 2	$90K	$90K
Legal feesLn 11b	$4K		$4K
Accounting feesLn 11c	$18K		$18K
Investment management feesLn 11f	$37K		$37K
Other fees for servicesLn 11g	$1K		$1K
Office expensesLn 13	$28K	$24	$7K	$21K
Information technologyLn 14	$25K	$228	$13K	$12K
InterestLn 20	$6K		$6K
Depreciation, depletion and amortizationLn 22	$6K		$6K
InsuranceLn 23	$10K		$10K
Other expenses (24a–d)Ln 24	$40K	$2K	$30K	$8K
Total functional expensesLn 25	$645K	$471K	$133K	$41K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$916K	$816K	$100K	$4.4M	990 PDF
FY2024 Viewing	$662K	$645K	$17K	$4.1M	990 PDF
FY2023	$528K	$495K	$33K	$3.8M	990 PDF
FY2022	$562K	$483K	$79K	$3.5M	990 PDF
FY2021	$660K	$566K	$94K	$4.0M	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $662,167 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $419,295$497,686

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $96,261$164,197

I-11 Other revenuePrior year $12,789$284

I-12 Total revenuePrior year $528,345$662,167

I-13 Grants and similar amounts paidPrior year $323,224$468,989

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 $171,999$176,127

I-18 Total expensesPrior year $495,223$645,116

I-19 Revenue less expensesPrior year $33,122$17,051

Part VI · Governance 6 of 6 board members independent, 1 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

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 $662,167 across 8 lines filed

VIII-1d Related organizations$149,006

VIII-1f All other contributions, gifts and grants$348,680

VIII-1g Noncash contributions (included above)$200

VIII-1h Total contributions, gifts and grants$497,686

VIII-3 Investment incomeExcluded from tax $110,655$110,655

VIII-7 Net gain or loss on sales of assetsExcluded from tax $53,542$53,542

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $284$284

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $164,481$662,167

Part IX · Statement of functional expenses $645,116 across 12 lines filed

IX-1 Grants to domestic organizationsPrograms $378,889$378,889

IX-2 Grants to domestic individualsPrograms $90,100$90,100

IX-11b Legal feesManagement $4,126$4,126

IX-11c Accounting feesManagement $18,500$18,500

IX-11f Investment management feesManagement $37,223$37,223

IX-11g Other fees for servicesManagement $1,065$1,065

IX-13 Office expensesPrograms $24 · Management $6,886 · Fundraising $21,298$28,208

IX-14 Information technologyPrograms $228 · Management $13,220 · Fundraising $11,555$25,003

IX-20 InterestManagement $6,451$6,451

IX-22 Depreciation, depletion and amortizationManagement $5,520$5,520

IX-23 InsuranceManagement $10,157$10,157

IX-24 Other expenses (24a–d)Programs $1,943 · Management $29,751 · Fundraising $8,180$39,874

IX-25 Total functional expensesPrograms $471,184 · Management $132,899 · Fundraising $41,033$645,116

Part X · Balance sheet $4,306,002 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $154,028$118,367

X-2 Savings and temporary cash investmentsStart of year $571,856$789,675

X-3 Pledges and grants receivableStart of year $826$0

X-10c Land, buildings and equipment, netStart of year $22,082$16,562

X-11 Publicly traded securitiesStart of year $3,255,561$3,381,398

X-16 Total assetsStart of year $4,004,353$4,306,002

X-17 Accounts payable and accrued expensesStart of year $10,750$0

X-24 Unsecured notes and loans payableStart of year $150,000$148,759

X-25 Other liabilitiesStart of year $34,085$12,187

X-26 Total liabilitiesStart of year $194,835$160,946

X-27 Net assets without donor restrictionsStart of year $1,365,156$1,634,181

X-28 Net assets with donor restrictionsStart of year $2,444,362$2,510,875

X-32 Total net assets or fund balancesStart of year $3,809,518$4,145,056

X-33 Total liabilities and net assetsStart of year $4,004,353$4,306,002

Part XI · Reconciliation of net assets $4,145,056 net assets at year end

XI-1 Total revenue$662,167

XI-2 Total expenses$645,116

XI-3 Revenue less expenses$17,051

XI-4 Net assets at start of year$3,809,518

XI-5 Net unrealized gains (losses) on investments$318,487

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$4,145,056

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

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.

Your org? Add context

Made it to the end? Claim this org

Phi Sigma Sigma Foundation INC FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Phi Sigma Sigma Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV