Phi Sigma Sigma INC FY2021 filing

Not tax-deductible

Eldersburg, MD501(c)(7)Since 1913EIN 53-0220898Revenue $2.8M in FY2021

On file with the IRSphisigmasigma.org1213 Liberty Road Ste J 335, 21784-7955 · Eldersburg, MDTax-exempt since May 1946

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Phi Sigma sigmas mission is to inspire the personal development of each sister and perpetuate the advancement of womanhood.

$116K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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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
3 of 6
filings with a surplus
Average surplus $246K a year · 6% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$116K
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
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $651K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.1M
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
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
$2.8M
-17% vs prior year
Spent
$3.2M
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$2.8M
FY2021▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$2.8M
FY2022$3.1M
FY2023$3.9M
FY2024$3.2M
FY2025$6.5M
Expenses
$3.2M
FY2021▼ -22%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.1M
FY2021$3.2M
FY2022$3.4M
FY2023$2.8M
FY2024$3.2M
FY2025$4.7M
Net assets
$2.2M
FY2021▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.2M
FY2022$1.6M
FY2023$2.8M
FY2024$3.0M
FY2025$4.9M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · 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 May 1946.

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

Who runs it and what they're paid

8 people listed on the 990; $116K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$115,887Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michelle Ardern$142,619$143,218$125,389—$115,887$110,840
Linda Beavin$124,713$117,585$109,465———
Michelle S Ardern———$120,793——

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.

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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

Inspires personal growth and advances womanhood for its members.

Questions for Phi Sigma Sigma INC

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Educational programming at leadership conferences aligned with the fraternity mission of providing a premier membership experience focused on personal development, life skills, and leadership.

Pt IX · col B

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 4 funders →
Grants paid · 6 grants · $2.0M · 2019–2024

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Fees for servicesLn 2g$2.1M
Other incomeLn 4–11$436K
Investment incomeLn 3$126K
Money outPt IX
$3.2M
Ln 25
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$6.3M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$126K
Other incomeLn 4–11$436K
Gains on assetsLn 7$100K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$26K
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$3.8M
Total assetsLn 16$6.3M
LiabilitiesLn 26$4.1M
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 525
VolunteersI 6221
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$3.3M$1.8M
InvestmentsLn 11–13$3.0M$3.8M
Total assetsLn 16$7.7M$6.3M
LiabilitiesLn 26$5.3M$4.1M
Net assetsLn 32$2.4M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$838K
Grants to domestic individualsLn 2$0
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$146K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$857K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$74K
Payroll taxesLn 10$84K
Management feesLn 11a$0
Legal feesLn 11b$84K
Accounting feesLn 11c$1K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$160K
Advertising and promotionLn 12$0
Office expensesLn 13$82K
Information technologyLn 14$165K
RoyaltiesLn 15$0
OccupancyLn 16$12K
TravelLn 17$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$70K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$15K
InsuranceLn 23$111K
Other expenses (24a–d)Ln 24$495K
All other expensesLn 24e$0
Total functional expensesLn 25$3.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.5M$4.7M$1.8M$4.9M 990 PDF
FY2024 $3.2M$3.2M$39K$3.0M 990 PDF
FY2023 $3.9M$2.8M$1.1M$2.8M 990 PDF
FY2022 $3.1M$3.4M−$286K$1.6M 990 PDF
FY2021 Viewing $2.8M$3.2M−$441K$2.2M 990 PDF
FY2020 $3.3M$4.1M−$787K$2.4M 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 $2,754,036 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,541,149$80,117
I-9 Program service revenuePrior year $355,264$2,110,953
I-10 Investment incomePrior year $40,075$126,482
I-11 Other revenuePrior year $381,535$436,484
I-12 Total revenuePrior year $3,318,023$2,754,036
I-13 Grants and similar amounts paidPrior year $590,085$837,965
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,380,882$1,159,880
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,133,827$1,197,357
I-18 Total expensesPrior year $4,104,794$3,195,202
I-19 Revenue less expensesPrior year −$786,771−$441,166
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 $2,754,036 across 9 lines filed
Lines not itemized here account for $404 of total revenue; see the IRS return.
VIII-1d Related organizations$80,117
VIII-1h Total contributions, gifts and grants$80,117
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,110,953$2,110,953
VIII-3 Investment incomeUnrelated business $26,878 · Excluded from tax $68$26,946
VIII-5 RoyaltiesRelated to mission $123,188$123,188
VIII-6 Net rental income or loss$1,166
VIII-7 Net gain or loss on sales of assets$99,536
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $311,726$311,726
VIII-12 Total revenueRelated to mission $2,545,867 · Unrelated business $26,878 · Excluded from tax $68$2,754,036
Part IX · Statement of functional expenses $3,195,202 across 30 lines filed
IX-1 Grants to domestic organizations$837,965
IX-2 Grants to domestic individuals$0
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$145,732
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$856,808
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$73,834
IX-10 Payroll taxes$83,506
IX-11a Management fees$0
IX-11b Legal fees$83,832
IX-11c Accounting fees$1,200
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$159,659
IX-12 Advertising and promotion$0
IX-13 Office expenses$82,121
IX-14 Information technology$165,330
IX-15 Royalties$0
IX-16 Occupancy$11,727
IX-17 Travel$2,172
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$69,673
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$15,085
IX-23 Insurance$111,260
IX-24 Other expenses (24a–d)$495,298
IX-24e All other expenses$0
IX-25 Total functional expenses$3,195,202
Part X · Balance sheet $6,315,772 assets, 15 lines filed
Asset lines not itemized here account for $591,917; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,078,340$1,801,274
X-2 Savings and temporary cash investmentsStart of year $226,050$25,696
X-4 Accounts receivableStart of year $239,036$41,490
X-9 Prepaid expenses and deferred chargesStart of year $2,019$11,789
X-11 Publicly traded securitiesStart of year $2,974,605$3,843,606
X-16 Total assetsStart of year $7,720,847$6,315,772
X-17 Accounts payable and accrued expensesStart of year $94,872$210,443
X-19 Deferred revenueStart of year $8,235$256,370
X-24 Unsecured notes and loans payableStart of year $1,128,264$150,000
X-25 Other liabilitiesStart of year $4,053,548$3,482,038
X-26 Total liabilitiesStart of year $5,284,919$4,098,851
X-27 Net assets without donor restrictionsStart of year $1,747,917$796,749
X-28 Net assets with donor restrictionsStart of year $688,011$1,420,172
X-32 Total net assets or fund balancesStart of year $2,435,928$2,216,921
X-33 Total liabilities and net assetsStart of year $7,720,847$6,315,772
Part XI · Reconciliation of net assets $2,216,921 net assets at year end
XI-1 Total revenue$2,754,036
XI-2 Total expenses$3,195,202
XI-3 Revenue less expenses−$441,166
XI-4 Net assets at start of year$2,435,928
XI-5 Net unrealized gains (losses) on investments$222,159
XI-10 Net assets at end of year$2,216,921

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

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