Phi Sigma Sigma INC FY2024 filing

Not tax-deductible

Eldersburg, MD501(c)(7)Since 1913EIN 53-0220898Revenue $3.2M in FY2024

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

Tell your story. Claim this org

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

$261K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · 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
$261K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 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
$3.8M
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
$3.2M
-17% vs prior year
Spent
$3.2M
Net assets
$3.0M
By yearFY2020–FY2025
Revenue
$3.2M
FY2024▼ -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
FY2024▲ +15%
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
$3.0M
FY2024▲ +6%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 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; $261K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$143,218Pt VII · Sec A
Director of Database & Tec
$117,585Pt 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.

See Phi Sigma Sigma INC executive salaries →

On this list? Claim this org

Something off? Claim 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

Inspires personal growth and advances womanhood for its members.

Questions for Phi Sigma Sigma INC

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

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

Provided by the organization

Know this org? Add your story

2 programs · in their own filed words · FY2023
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 FY2024 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Fees for servicesLn 2g$2.4M
Gifts and grantsLn 1h$527K
Investment incomeLn 3$139K
Money outPt IX
$3.2M
Ln 25
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$740K
Total assetsLn 16$6.8M
LiabilitiesLn 26$3.8M
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$527K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$139K
Other incomeLn 4–11$107K
Gains on assetsLn 7$57K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$240K
SavingsLn 2$500K
Cash and savings togetherLn 1–2$740K
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$12K
Other assetsLn 15$3.6M
Total assetsLn 16$6.8M
LiabilitiesLn 26$3.8M
Net assetsLn 32$3.0M
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 FY24End FY24
Cash and savingsLn 1–2$529K$740K
InvestmentsLn 11–13$2.6M$2.2M
Land, buildings, equipmentLn 10c$22K$12K
Total assetsLn 16$6.5M$6.8M
LiabilitiesLn 26$3.6M$3.8M
Net assetsLn 32$2.8M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$151K
Pay of current officers, directors and key staffLn 5$165K
Other salaries and wagesLn 7$1.3M
Other employee benefitsLn 9$130K
Payroll taxesLn 10$112K
Legal feesLn 11b$32K
Accounting feesLn 11c$23K
Investment management feesLn 11f$21K
Other fees for servicesLn 11g$228K
Office expensesLn 13$71K
Information technologyLn 14$255K
OccupancyLn 16$8K
TravelLn 17$326K
InterestLn 20$6K
Depreciation, depletion and amortizationLn 22$11K
InsuranceLn 23$127K
Other expenses (24a–d)Ln 24$202K
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 Viewing $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 $2.8M$3.2M−$441K$2.2M 990 PDF
FY2020 $3.3M$4.1M−$787K$2.4M 990 PDF

More to add? 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 FY2024 990 (6 parts)
Part I · Summary $3,209,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,069,392$527,466
I-9 Program service revenuePrior year $2,653,146$2,435,649
I-10 Investment incomePrior year $49,038$138,963
I-11 Other revenuePrior year $117,447$107,106
I-12 Total revenuePrior year $3,889,023$3,209,184
I-13 Grants and similar amounts paidPrior year $0$151,106
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,651,191$1,708,908
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,099,932$1,310,204
I-18 Total expensesPrior year $2,751,123$3,170,218
I-19 Revenue less expensesPrior year $1,137,900$38,966
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 $3,209,184 across 8 lines filed
Lines not itemized here account for $5,257 of total revenue; see the IRS return.
VIII-1d Related organizations$241,504
VIII-1f All other contributions, gifts and grants$285,962
VIII-1h Total contributions, gifts and grants$527,466
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,435,649$2,435,649
VIII-3 Investment incomeUnrelated business $82,358$82,358
VIII-5 RoyaltiesUnrelated business $101,849$101,849
VIII-7 Net gain or loss on sales of assetsUnrelated business $56,605$56,605
VIII-12 Total revenueRelated to mission $2,440,906 · Unrelated business $240,812 · Excluded from tax $0$3,209,184
Part IX · Statement of functional expenses $3,170,218 across 17 lines filed
IX-1 Grants to domestic organizations$151,106
IX-5 Pay of current officers, directors and key staff$165,267
IX-7 Other salaries and wages$1,301,895
IX-9 Other employee benefits$129,954
IX-10 Payroll taxes$111,792
IX-11b Legal fees$32,142
IX-11c Accounting fees$23,200
IX-11f Investment management fees$20,520
IX-11g Other fees for services$228,283
IX-13 Office expenses$70,894
IX-14 Information technology$255,453
IX-16 Occupancy$7,576
IX-17 Travel$326,191
IX-20 Interest$6,451
IX-22 Depreciation, depletion and amortization$10,523
IX-23 Insurance$126,988
IX-24 Other expenses (24a–d)$201,983
IX-25 Total functional expenses$3,170,218
Part X · Balance sheet $6,824,902 assets, 16 lines filed
Asset lines not itemized here account for $237,546; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $528,539$239,615
X-2 Savings and temporary cash investments$500,000
X-4 Accounts receivableStart of year $53,476$10,942
X-9 Prepaid expenses and deferred chargesStart of year $27,742$0
X-10c Land, buildings and equipment, netStart of year $22,489$11,966
X-11 Publicly traded securitiesStart of year $2,613,490$2,239,605
X-15 Other assetsStart of year $2,989,377$3,585,228
X-16 Total assetsStart of year $6,489,124$6,824,902
X-17 Accounts payable and accrued expensesStart of year $114,612$42,734
X-19 Deferred revenueStart of year $257,600$250,000
X-24 Unsecured notes and loans payableStart of year $150,000$148,759
X-25 Other liabilitiesStart of year $3,117,202$3,365,248
X-26 Total liabilitiesStart of year $3,639,414$3,806,741
X-27 Net assets without donor restrictionsStart of year $2,849,710$3,018,161
X-32 Total net assets or fund balancesStart of year $2,849,710$3,018,161
X-33 Total liabilities and net assetsStart of year $6,489,124$6,824,902
Part XI · Reconciliation of net assets $3,018,161 net assets at year end
XI-1 Total revenue$3,209,184
XI-2 Total expenses$3,170,218
XI-3 Revenue less expenses$38,966
XI-4 Net assets at start of year$2,849,710
XI-5 Net unrealized gains (losses) on investments$129,465
XI-8 Prior period adjustments$20
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,018,161

Form 990 e-file (XML) FY2024 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.

Your org? Add context

Made it to the end? Claim this org

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.