Phi Sigma Sigma INC FY2023 filing

Not tax-deductible

Eldersburg, MD501(c)(7)Since 1913EIN 53-0220898Revenue $3.9M in FY2023

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.

$235K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · 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
$235K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
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
$3.6M
56% of total assets
Fine: liabilities are 56% 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
$3.9M
+25% vs prior year
Spent
$2.8M
Net assets
$2.8M
By yearFY2020–FY2025
Revenue
$3.9M
FY2023▲ +25%
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
$2.8M
FY2023▼ -19%
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
$2.8M
FY2023▲ +82%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

9 people listed on the 990; $235K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$125,389Pt VII · Sec A
Director of Database & Technology
$109,465Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

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Provided by the organization

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2 programs · in their own filed words · FY2022
01

Educational programming to inspire the personal development of each sister and perpetuate the advancement of women on personal development, life skills, and leadership.

Pt IX · col B
02

Chapter supervision for 6,127 collegians on 90 collegiate campuses and approximately 66,000 living alumnae members.

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Fees for servicesLn 2g$2.7M
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$117K
Money outPt IX
$2.8M
Ln 25
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$529K
Total assetsLn 16$6.5M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$49K
Other incomeLn 4–11$117K
Gains on assetsLn 7$5K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$529K
Cash and savings togetherLn 1–2$529K
InvestmentsLn 11–13$2.6M
Land, buildings, equipmentLn 10c$22K
Other assetsLn 15$3.0M
Total assetsLn 16$6.5M
LiabilitiesLn 26$3.6M
Net assetsLn 32$2.8M
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 FY23End FY23
Cash and savingsLn 1–2$3.7M$529K
InvestmentsLn 11–13$2.8M$2.6M
Land, buildings, equipmentLn 10c$27K$22K
Total assetsLn 16$6.9M$6.5M
LiabilitiesLn 26$5.3M$3.6M
Net assetsLn 32$1.6M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$158K
Other salaries and wagesLn 7$1.2M
Other employee benefitsLn 9$161K
Payroll taxesLn 10$105K
Legal feesLn 11b$62K
Accounting feesLn 11c$42K
Investment management feesLn 11f$17K
Other fees for servicesLn 11g$170K
Office expensesLn 13$72K
Information technologyLn 14$210K
OccupancyLn 16$7K
TravelLn 17$160K
InterestLn 20$4K
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$125K
Other expenses (24a–d)Ln 24$223K
Total functional expensesLn 25$2.8M

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 Viewing $3.9M$2.8M$1.1M$2.8M 990 PDF
FY2022 $3.1M$3.4M−$286K$1.6M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $3,889,023 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $432,854$1,069,392
I-9 Program service revenuePrior year $2,451,540$2,653,146
I-10 Investment incomePrior year $132,142$49,038
I-11 Other revenuePrior year $105,544$117,447
I-12 Total revenuePrior year $3,122,080$3,889,023
I-13 Grants and similar amounts paidPrior year $350,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,268,154$1,651,191
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,789,877$1,099,932
I-18 Total expensesPrior year $3,408,031$2,751,123
I-19 Revenue less expensesPrior year −$285,951$1,137,900
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 $3,889,023 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,069,392
VIII-1h Total contributions, gifts and grants$1,069,392
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,653,146$2,653,146
VIII-3 Investment incomeUnrelated business $44,272$44,272
VIII-5 RoyaltiesUnrelated business $117,447$117,447
VIII-7 Net gain or loss on sales of assetsUnrelated business $4,766$4,766
VIII-12 Total revenueRelated to mission $2,653,146 · Unrelated business $166,485 · Excluded from tax $0$3,889,023
Part IX · Statement of functional expenses $2,751,123 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$157,881
IX-7 Other salaries and wages$1,228,049
IX-9 Other employee benefits$160,538
IX-10 Payroll taxes$104,723
IX-11b Legal fees$61,514
IX-11c Accounting fees$41,718
IX-11f Investment management fees$17,479
IX-11g Other fees for services$169,509
IX-13 Office expenses$71,605
IX-14 Information technology$210,326
IX-16 Occupancy$6,631
IX-17 Travel$160,291
IX-20 Interest$3,846
IX-22 Depreciation, depletion and amortization$9,079
IX-23 Insurance$125,120
IX-24 Other expenses (24a–d)$222,814
IX-25 Total functional expenses$2,751,123
Part X · Balance sheet $6,489,124 assets, 16 lines filed
Asset lines not itemized here account for $254,011; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,714,044$528,539
X-4 Accounts receivableStart of year $60,088$53,476
X-9 Prepaid expenses and deferred charges$27,742
X-10c Land, buildings and equipment, netStart of year $27,238$22,489
X-11 Publicly traded securitiesStart of year $2,782,215$2,613,490
X-15 Other assetsStart of year $39,251$2,989,377
X-16 Total assetsStart of year $6,908,713$6,489,124
X-17 Accounts payable and accrued expensesStart of year $146,343$114,612
X-19 Deferred revenueStart of year $485,280$257,600
X-24 Unsecured notes and loans payableStart of year $150,000$150,000
X-25 Other liabilitiesStart of year $4,557,036$3,117,202
X-26 Total liabilitiesStart of year $5,338,659$3,639,414
X-27 Net assets without donor restrictionsStart of year $816,901$2,849,710
X-28 Net assets with donor restrictionsStart of year $753,153$0
X-32 Total net assets or fund balancesStart of year $1,570,054$2,849,710
X-33 Total liabilities and net assetsStart of year $6,908,713$6,489,124
Part XI · Reconciliation of net assets $2,849,710 net assets at year end
XI-1 Total revenue$3,889,023
XI-2 Total expenses$2,751,123
XI-3 Revenue less expenses$1,137,900
XI-4 Net assets at start of year$1,570,054
XI-5 Net unrealized gains (losses) on investments$141,442
XI-8 Prior period adjustments$314
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,849,710

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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