Phi Mu Fraternity INC FY2022 filing

Not tax-deductible

Peachtree Cty, GA501(c)(7)Since 1904EIN 62-0533776Revenue $5.2M in FY2022

On file with the IRSphimu.org400 Westpark Dr, 30269-1482 · Peachtree Cty, GATax-exempt since Oct 1942

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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.

$282K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · 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
6 of 6
filings with a surplus
Average surplus $1.2M a year · 19% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$282K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
12 mo
of spending, in cash
Looks good: 12.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.3M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
-16% vs prior year
Spent
$4.2M
To programs
0%
Net assets
$18.9M
By yearFY2020–FY2025
Revenue
$5.2M
FY2022▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.9M
FY2021$6.2M
FY2022$5.2M
FY2023$7.3M
FY2024$6.2M
FY2025$7.0M
Expenses
$4.2M
FY2022▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$3.1M
FY2022$4.2M
FY2023$6.4M
FY2024$5.4M
FY2025$6.2M
Net assets
$18.9M
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.6M
FY2021$19.3M
FY2022$18.9M
FY2023$20.4M
FY2024$21.9M
FY2025$23.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Oct 1942.

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

Who runs it and what they're paid

10 people listed on the 990; $282K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Di
$173,492Pt VII · Sec A
Controller
$108,995Pt 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
Npc Delegate
$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.

See Phi Mu Fraternity INC 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 2Yes
  • 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.

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Provided by the organization

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3 programs · $1.7M · in their own filed words · FY2021
01

Chapter Services

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

$910Kprogram expense
02

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.

$600Kprogram expense
03

Carnation Collection

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

$179Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Gifts and grantsLn 1h$3.1M
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$590K
Money outPt IX
$4.2M
Ln 25
Owns and owesPt X
$18.9M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$29.2M
LiabilitiesLn 26$10.3M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.1M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$45K
Other incomeLn 4–11$590K
Gains on assetsLn 7−$18K
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$4.4M
Cash and savings togetherLn 1–2$4.4M
InvestmentsLn 11–13$18.9M
Land, buildings, equipmentLn 10c$72K
Other assetsLn 15$4.5M
Total assetsLn 16$29.2M
LiabilitiesLn 26$10.3M
Net assetsLn 32$18.9M
OperationsPt I, VI
EmployeesI 553
VolunteersI 6150
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 FY22End FY22
Cash and savingsLn 1–2$3.5M$4.4M
InvestmentsLn 11–13$21.0M$18.9M
Land, buildings, equipmentLn 10c$45K$72K
Total assetsLn 16$29.8M$29.2M
LiabilitiesLn 26$10.5M$10.3M
Net assetsLn 32$19.3M$18.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13K
Other salaries and wagesLn 7$1.8M
Pension plan contributionsLn 8$123K
Payroll taxesLn 10$136K
Legal feesLn 11b$22K
Accounting feesLn 11c$26K
Advertising and promotionLn 12$8K
Office expensesLn 13$275K
Information technologyLn 14$53K
OccupancyLn 16$106K
TravelLn 17$703K
Depreciation, depletion and amortizationLn 22$16K
InsuranceLn 23$166K
Other expenses (24a–d)Ln 24$604K
All other expensesLn 24e$163K
Total functional expensesLn 25$4.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.0M$6.2M$814K$23.7M 990 PDF
FY2024 $6.2M$5.4M$821K$21.9M 990 PDF
FY2023 $7.3M$6.4M$875K$20.4M 990 PDF
FY2022 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $5,230,581 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,056,041$3,097,985
I-9 Program service revenuePrior year $2,082,734$1,497,033
I-10 Investment incomePrior year $382,165$45,326
I-11 Other revenuePrior year $702,119$590,237
I-12 Total revenuePrior year $6,223,059$5,230,581
I-13 Grants and similar amounts paid$13,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,724,379$2,072,439
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,325,951$2,139,325
I-18 Total expensesPrior year $3,050,330$4,224,764
I-19 Revenue less expensesPrior year $3,172,729$1,005,817
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
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 $5,230,581 across 8 lines filed
Lines not itemized here account for $255,044 of total revenue; see the IRS return.
VIII-1b Membership dues$2,926,368
VIII-1d Related organizations$171,617
VIII-1h Total contributions, gifts and grants$3,097,985
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,497,033$1,497,033
VIII-3 Investment incomeRelated to mission −$70,347 · Unrelated business $133,879$63,532
VIII-5 RoyaltiesRelated to mission $335,193$335,193
VIII-7 Net gain or loss on sales of assetsRelated to mission −$18,206−$18,206
VIII-12 Total revenueRelated to mission $1,998,717 · Unrelated business $133,879$5,230,581
Part IX · Statement of functional expenses $4,224,764 across 15 lines filed
IX-1 Grants to domestic organizations$13,000
IX-7 Other salaries and wages$1,814,371
IX-8 Pension plan contributions$122,528
IX-10 Payroll taxes$135,540
IX-11b Legal fees$21,557
IX-11c Accounting fees$26,250
IX-12 Advertising and promotion$7,885
IX-13 Office expenses$274,565
IX-14 Information technology$52,667
IX-16 Occupancy$105,682
IX-17 Travel$702,779
IX-22 Depreciation, depletion and amortization$15,573
IX-23 Insurance$165,833
IX-24 Other expenses (24a–d)$603,925
IX-24e All other expenses$162,609
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$4,224,764
Part X · Balance sheet $29,222,626 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $3,525,276$4,385,924
X-4 Accounts receivable$416,325
X-8 Inventories for sale or useStart of year $109,617$115,769
X-9 Prepaid expenses and deferred chargesStart of year $200,495$861,488
X-10c Land, buildings and equipment, netStart of year $44,979$72,459
X-11 Publicly traded securitiesStart of year $19,374,228$17,381,823
X-13 Program-related investmentsStart of year $1,601,693$1,531,346
X-15 Other assetsStart of year $4,417,315$4,457,492
X-16 Total assetsStart of year $29,811,184$29,222,626
X-17 Accounts payable and accrued expensesStart of year $183,176$216,375
X-19 Deferred revenueStart of year $863,113$1,543,916
X-26 Total liabilitiesStart of year $10,516,321$10,293,017
X-27 Net assets without donor restrictionsStart of year $19,294,863$18,929,609
X-32 Total net assets or fund balancesStart of year $19,294,863$18,929,609
X-33 Total liabilities and net assetsStart of year $29,811,184$29,222,626
Part XI · Reconciliation of net assets $18,929,609 net assets at year end
XI-1 Total revenue$5,230,581
XI-2 Total expenses$4,224,764
XI-3 Revenue less expenses$1,005,817
XI-4 Net assets at start of year$19,294,863
XI-5 Net unrealized gains (losses) on investments−$1,371,071
XI-10 Net assets at end of year$18,929,609

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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