Phi Mu Fraternity INC

Not tax-deductible

Peachtree City, GA501(c)(7)Since 1904EIN 62-0533776

Founded in 1852, phi mu is a women's organization which provides personal and academic development, service to others, commitment to excellence, and lifelong friendship through a shared tradition.

47¢ of each $1 spent went to programs.
Run by 150 volunteers and 53 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.3M a year · 21% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12.9M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
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
$7.0M
+13% vs prior year
Spent
$6.2M
To programs
47%
Net assets
$23.7M
By yearFY2020–FY2024
Revenue
$7.0M
FY2024▲ +13%
Revenue by fiscal year
FY2020$5.9M
FY2021$6.2M
FY2022$5.2M
FY2023$7.3M
FY2024$6.2M
FY2024$7.0M
Expenses
$6.2M
FY2024▲ +16%
Expenses by fiscal year
FY2020$5.3M
FY2021$3.1M
FY2022$4.2M
FY2023$6.4M
FY2024$5.4M
FY2024$6.2M
Net assets
$23.7M
FY2024▲ +8%
Net assets by fiscal year
FY2020$14.6M
FY2021$19.3M
FY2022$18.9M
FY2023$20.4M
FY2024$21.9M
FY2024$23.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1942.

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

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $2.9M Management & general 53% · $3.3M

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
National VP
$0Pt VII · Sec A
National VP
$0Pt VII · Sec A
National VP
$0Pt VII · Sec A
National VP
$0Pt VII · Sec A
National Pre
$0Pt VII · Sec A
National VP
$0Pt VII · Sec A
National VP
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Darelene Reyes$183,567———
Darlene Reyes—$173,492$183,060$164,680
Nancy Hamill$108,240$108,995——
Harah Henshell$87,331———

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

Promotes personal growth, academic success, service, and lifelong friendships for women.

Provided by the organization

This section is blank until Phi Mu Fraternity INC claims this page.

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3 program services account for $2.9M of program spending, described in the organization's own filed words · FY2024.
01

Conferences and Leadership

The fraternity offers a wide range of leadership, citizenship, charitable,and educational programs for its undergraduate and alumnae members via numerous workshops, lectures, and other venues.

$1.9Mprogram expense
02

Chapter Services

Represents expenses incurred to maintain and promote the fraternitys individual chapters.

$822Kprogram expense
03

Carnation Collection

Represents expenses incurred in the production, promotion, and sale of the fraternitys line of merchandise.

$223Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.0M
Ln 12
Gifts and grantsLn 1h$5.0M
Fees for servicesLn 2g$1.1M
Other incomeLn 4–11$716K
Money outPt IX
$6.2M
Ln 25
Programscol B$2.9M
Managementcol C$3.3M
Owns and owesPt X
$23.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.8M
Total assetsLn 16$36.7M
LiabilitiesLn 26$12.9M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.0M
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$231K
Other incomeLn 4–11$716K
Total revenueLn 12$7.0M
Assets in detailPt X, end of year
CashLn 1$4.8M
Cash and savings togetherLn 1–2$4.8M
InvestmentsLn 11–13$25.5M
Land, buildings, equipmentLn 10c$54K
Other assetsLn 15$5.5M
Total assetsLn 16$36.7M
LiabilitiesLn 26$12.9M
Net assetsLn 32$23.7M
OperationsPt I, VI
EmployeesI 553
VolunteersI 6150
Fiscal year endsHeaderDecember
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$3.3M$4.8M
InvestmentsLn 11–13$23.0M$25.5M
Land, buildings, equipmentLn 10c$88K$54K
Total assetsLn 16$34.2M$36.7M
LiabilitiesLn 26$12.3M$12.9M
Net assetsLn 32$21.9M$23.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.3M$375K$1.9M
Payroll taxesLn 10$158K$158K
Advertising and promotionLn 12$967$871$96
Office expensesLn 13$110K$49K$60K
OccupancyLn 16$170K$170K
TravelLn 17$1.8M$1.7M$140K
Depreciation, depletion and amortizationLn 22$34K$34K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$1.2M$400K$750K
All other expensesLn 24e$496K$400K$96K
Total functional expensesLn 25$6.2M$2.9M$3.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $6.2M$5.4M$821K$21.9M 990 PDF
FY2023 $7.3M$6.4M$875K$20.4M 990 PDF
FY2022 $5.2M$4.2M$1.0M$18.9M 990 PDF
FY2021 $6.2M$3.1M$3.2M$19.3M 990 PDF
FY2020 $5.9M$5.3M$616K$14.6M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $7,036,230 across 7 lines filed
Lines not itemized here account for $382,444 of total revenue; see the IRS return.
VIII-1b Membership dues$4,863,996
VIII-1d Related organizations$91,925
VIII-1h Total contributions, gifts and grants$4,955,921
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,133,036$1,133,036
VIII-3 Investment incomeRelated to mission −$77,315 · Unrelated business $308,811$231,496
VIII-5 RoyaltiesRelated to mission $333,333$333,333
VIII-12 Total revenueRelated to mission $1,771,498 · Unrelated business $308,811$7,036,230
Part IX · Statement of functional expenses $6,222,391 across 10 lines filed
IX-7 Other salaries and wagesPrograms $375,331 · Management $1,902,780$2,278,111
IX-10 Payroll taxesManagement $158,366$158,366
IX-12 Advertising and promotionPrograms $871 · Management $96$967
IX-13 Office expensesPrograms $49,281 · Management $60,295$109,576
IX-16 OccupancyManagement $170,406$170,406
IX-17 TravelPrograms $1,676,305 · Management $139,894$1,816,199
IX-22 Depreciation, depletion and amortizationManagement $33,974$33,974
IX-23 InsuranceManagement $8,525$8,525
IX-24 Other expenses (24a–d)Programs $400,142 · Management $749,959$1,150,101
IX-24e All other expensesPrograms $399,870 · Management $96,296$496,166
IX-25 Total functional expensesPrograms $2,901,800 · Management $3,320,591 · Fundraising $0$6,222,391
Part X · Balance sheet $36,661,592 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,305,990$4,767,454
X-4 Accounts receivableStart of year $660,623$643,444
X-8 Inventories for sale or useStart of year $136,527$160,726
X-9 Prepaid expenses and deferred chargesStart of year $1,209,201$9,320
X-10c Land, buildings and equipment, netStart of year $87,874$53,898
X-11 Publicly traded securitiesStart of year $21,405,206$23,940,998
X-13 Program-related investmentsStart of year $1,619,283$1,541,968
X-15 Other assetsStart of year $5,761,516$5,543,784
X-16 Total assetsStart of year $34,186,220$36,661,592
X-17 Accounts payable and accrued expensesStart of year $152,131$150,105
X-19 Deferred revenueStart of year $1,350,013$641,902
X-25 Other liabilitiesStart of year $62,940$46,792
X-26 Total liabilitiesStart of year $12,308,911$12,944,140
X-27 Net assets without donor restrictionsStart of year $21,877,309$23,717,452
X-32 Total net assets or fund balancesStart of year $21,877,309$23,717,452
X-33 Total liabilities and net assetsStart of year $34,186,220$36,661,592
Part XI · Reconciliation of net assets $23,717,452 net assets at year end
XI-1 Total revenue$7,036,230
XI-2 Total expenses$6,222,391
XI-3 Revenue less expenses$813,839
XI-4 Net assets at start of year$21,877,309
XI-5 Net unrealized gains (losses) on investments$1,026,304
XI-10 Net assets at end of year$23,717,452

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

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