Phi Gamma Delta Fraternity Sigma Mu Chapter FY2021 filing

Not tax-deductible

Ms State, MS501(c)(7)Since 1969EIN 23-7161406Revenue $400K in FY2021

On file with the IRSmsstatephigam.comPo Box Fn, 39762-5722 · Ms State, MSTax-exempt since Nov 1940

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The organization exists to provide its members with opportunities to develop responsibility, leadership, scholarship, and social skills in order to become fully constributing members of society and to promote lifelong friendships, to reaffirm high ethical standards and values, and foster personal development in the pursuit of excellence.

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 5
filings with a surplus
Average deficit $9K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$400K
Spent
$450K
To programs
99%
Net assets
$12K
By yearFY2021–FY2025
Revenue
$400K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$400K
FY2022$728K
FY2023$781K
FY2024$779K
FY2025$775K
Expenses
$450K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$450K
FY2022$733K
FY2023$775K
FY2024$774K
FY2025$776K
Net assets
$12K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$12K
FY2022$7K
FY2023$13K
FY2024$18K
FY2025$16K

From the FY2021 Form 990 (year ending July 2021) · see the original

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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 Nov 1940.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $445K Management & general 1% · $5K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Historian
$0Pt VII · Sec A
Corresp. Sec
$0Pt VII · Sec A
Recording Se
$0Pt VII · Sec A
VP/Treasurer
$0Pt VII · Sec A
See Phi Gamma Delta Fraternity Sigma Mu Chapter 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 15aNo

Programs and updates

Develops members' responsibility, leadership, and social skills for societal contribution and personal excellence.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Provided members with housing and food services as well social and philanthropic activities in pursuit of the organization's mission.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$400K
Ln 12
Fees for servicesLn 2g$400K
Money outPt IX
$450K
Ln 25
Programscol B$445K
Managementcol C$5K
Owns and owesPt X
$12K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$12K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$400K
Total revenueLn 12$400K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Total assetsLn 16$12K
LiabilitiesLn 26$0
Net assetsLn 32$12K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
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$61K$12K
Total assetsLn 16$61K$12K
LiabilitiesLn 26$0$0
Net assetsLn 32$61K$12K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$1K$1K
OccupancyLn 16$157K$157K
TravelLn 17$129$129
Other expenses (24a–d)Ln 24$249K$249K
All other expensesLn 24e$40K$39K$2K
Total functional expensesLn 25$450K$445K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $775K$776K−$2K$16K 990 PDF
FY2024 $779K$774K$5K$18K 990 PDF
FY2023 $781K$775K$7K$13K 990 PDF
FY2022 $728K$733K−$5K$7K 990 PDF
FY2021 Viewing $400K$450K−$49K$12K 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 $400,480 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $717,915$400,480
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $717,915$400,480
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $663,282$449,912
I-18 Total expensesPrior year $663,282$449,912
I-19 Revenue less expensesPrior year $54,633−$49,432
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $400,480 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $400,480$400,480
VIII-12 Total revenueRelated to mission $400,480$400,480
Part IX · Statement of functional expenses $449,912 across 6 lines filed
IX-11c Accounting feesManagement $2,100$2,100
IX-13 Office expensesManagement $1,354$1,354
IX-16 OccupancyPrograms $157,288$157,288
IX-17 TravelPrograms $129$129
IX-24 Other expenses (24a–d)Programs $248,582$248,582
IX-24e All other expensesPrograms $38,503 · Management $1,956$40,459
IX-25 Total functional expensesPrograms $444,502 · Management $5,410 · Fundraising $0$449,912
Part X · Balance sheet $12,015 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $61,447$12,015
X-16 Total assetsStart of year $61,447$12,015
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $61,447$12,015
X-33 Total liabilities and net assetsStart of year $61,447$12,015
Part XI · Reconciliation of net assets $12,015 net assets at year end
XI-1 Total revenue$400,480
XI-2 Total expenses$449,912
XI-3 Revenue less expenses−$49,432
XI-4 Net assets at start of year$61,447
XI-10 Net assets at end of year$12,015

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

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