Civic Intelligence

Mu Sigma Phi Foundation Nfp

990 • Fiscal year 2020 • EIN 26-1427614

Jan 01, 2020 to Dec 31, 2020 • Filed on May 04, 2021

3008 Jameson Dr NWConcord, NC 28027

(740) 803-2966

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE Q33 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE Q33 • <$500k nonprofits • Source year 2020

Net Margin

89th percentile

50%

Higher net margin than 89% of similar nonprofits.

2020 filings • NTEE Q33 • <$500k nonprofits • Source year 2020

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE Q33 • <$500k nonprofits • Source year 2020

Asset Growth

72nd percentile

42%

Faster asset growth than 72% of similar nonprofits.

2020 filings • NTEE Q33 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

88th percentile

66%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • NTEE Q33 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$394,705

Up $117,000 (+42%) from 2019

Net Assets

Up

$394,705

Up $117,000 (+42%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$159,304

Up $63,316 (+66%) from 2019

Expenses

Up

$79,690

Up $28,105 (+54%) from 2019

Net Income

Up

$79,614

Up $35,211 (+79%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2012: $178,199Net Assets 2012: $178,1992012Assets 2013: $189,838Net Assets 2013: $189,8382013Assets 2014: $187,523Net Assets 2014: $187,5232014Assets 2015: $182,511Net Assets 2015: $182,5112015Assets 2016: $141,148Liabilities 2016: $0Net Assets 2016: $141,1482016Assets 2017: $153,515Liabilities 2017: $0Net Assets 2017: $153,5152017Assets 2018: $202,506Liabilities 2018: $0Net Assets 2018: $202,5062018Assets 2019: $277,705Liabilities 2019: $0Net Assets 2019: $277,7052019Assets 2020: $394,705Liabilities 2020: $0Net Assets 2020: $394,7052020Assets 2021: $500,182Liabilities 2021: $0Net Assets 2021: $500,1822021Assets 2022: $549,507Liabilities 2022: $0Net Assets 2022: $549,5072022Assets 2023: $645,528Liabilities 2023: $0Net Assets 2023: $645,5282023Assets 2024: $796,960Liabilities 2024: $0Net Assets 2024: $796,9602024

Highlighted filing

2020

Assets$394,705
Liabilities$0
Net Assets$394,705

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $142,859Expenses 2012: $67,781Net Income 2012: $75,0782012Revenue 2013: $111,537Expenses 2013: $99,898Net Income 2013: $11,6392013Revenue 2014: $50,252Expenses 2014: $52,567Net Income 2014: -$2,3152014Revenue 2015: $143,134Expenses 2015: $148,146Net Income 2015: -$5,0122015Revenue 2016: $167,658Expenses 2016: $211,021Net Income 2016: -$43,3632016Revenue 2017: $52,891Expenses 2017: $44,742Net Income 2017: $8,1492017Revenue 2018: $128,629Expenses 2018: $66,539Net Income 2018: $62,0902018Revenue 2019: $95,988Expenses 2019: $51,585Net Income 2019: $44,4032019Revenue 2020: $159,304Expenses 2020: $79,690Net Income 2020: $79,6142020Revenue 2021: $125,628Expenses 2021: $61,477Net Income 2021: $64,1512021Revenue 2022: $231,790Expenses 2022: $98,390Net Income 2022: $133,4002022Revenue 2023: $123,288Expenses 2023: $95,920Net Income 2023: $27,3682023Revenue 2024: $201,135Expenses 2024: $107,261Net Income 2024: $93,8742024

Highlighted filing

2020

Revenue$159,304
Expenses$79,690
Net Income$79,614
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 4, 2021
Return Version
2020v4.1
Gross Receipts
$159,304
Mission and Program Overview

Mission

Educational and charitable purposes

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$277,705$394,705▲ $117,000
Investments Program Related$209,433$322,617▲ $113,184
Cash and Non-Interest-Bearing Accounts$47,888$51,701▲ $3,813
Savings and Temporary Cash Investments$20,384$20,387▲ $3
Total Assets$277,705$394,705▲ $117,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$277,705$394,705▲ $117,000
Total Liabilities and Net Assets / Fund Balance$277,705$394,705▲ $117,000

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$322,617--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$206,509$56,410▲ $6,093-$261,523
2019$155,943$50,722▲ $4,916-$206,509
2018$95,547$68,577▼ $7,078-$155,943
2017$79,090$12,650▲ $4,189-$95,547
2016$43,050$36,040--$79,090
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ishwar GopichandPresident
Rosario N Santos-chuaPresident Elect
Cecilia Cortes-rogersArchives
Mariquita Tolentino-belenAssistant Treasurer
Michael MedinaAuditor
Grace TamesisCME
Karen Ferrer-peaceCME
Alejandro PavesConstitution Bylaws
Cornelius TuralbaConstitution Bylaws
Aurora Miranda MdDecade Rep
Crispino YlananDecade Rep
David Deloso MdDecade Rep
Debbie Anne QuaDecade Rep
Eugenia GamboaDecade Rep
Eusebio KhoDecade Rep
Gerome BolalinDecade Rep
Jennifer Perez-navarroDecade Rep
Johannie UyDecade Rep
Julius LabanDecade Rep
Kalvin AdalaDecade Rep
Manuel DalopeDecade Rep
Melissa Garduno-youngDecade Rep
Nilo AyuyaoDecade Rep
Norma Camesa-espirituDecade Rep
Rebecca Occena-ramirezDecade Rep
Geraldine Gomez-pinderFinance Committee
Evelyn Taberrah-lacuestaMembership Committee
Felicitas SantiagoNominations Committee
Mariano Yogore IiiPermanent Endowment Fund
Guia Razon-palmaPro
Renato MandanasSecretary
Godofredo GarciaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$153,211
Program Service Revenue
$0
Investment Income
$6,093
Other Revenue
$0
All Other Contributions
$142,986
Change in Net Assets
$79,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,800
Other Expenses$18,890
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$60,800--$60,800
Fees for Services Other-$5,000-$5,000
Office Expenses-$4,483-$4,483
Fees for Service Investment Mgmnt Fees-$2,406-$2,406
Fees for Services Accounting-$2,400-$2,400
Conferences and Meetings-$1,200-$1,200
Advertising-$840-$840
Information Technology-$716-$716
Other Expenses-$155-$155
All Other Expenses-$140-$140
Total Functional Expenses$60,800$18,890$0$79,690
International Activity

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

- explanation of material differences of voting rights - members who have paid their membership dues for the current year are eligible to vote and hold office officers and governors.

Form 990, Part VI, Section A, Line 6

- explanation of classes of members or stockholders - all graduate members of the mu sigma phi fraternity and sorority of the university of the philippines college of medicine are eligible to become members of the organization.

Form 990, Part VI, Section A, Line 7A

- how members or stockholders elect governing body - election of the officers and governors is held at the annual meeting of the corporation one year prior to the end of the incumbent term.

Form 990, Part VI, Section B, Line 11B

- form 990 review process - form 990 is reviewed by the treasurer prior to filing and is available to the board for review.

Form 990, Part VI, Section C, Line 19

- other organization documents publicly available - no other documents available to the public.

Filing and Contact Details

Filer

Filer Name
Mu Sigma Phi Foundation Nfp
EIN
26-1427614
Phone
7408032966
Address
3008 JAMESON DR NW, Concord, NC 28027

Signing Officer

Name
Godofredo Garcia
Title
Treasurer
Signed
2021-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ishwar Gopichand
Formed
2006
Legal Domicile
Il
Voting Board Members
106
Independent Board Members
106
Employees
0
Volunteers
106

Preparer

Firm
Lockard and Company CPA LLC
Address
161 NO FRANKLIN TURNPIKE STE 107, RAMSEY, NJ 07446
Preparer
Angie O Lockard
Phone
2019629800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 17,200, Grants and allocations 0, Revenue 0 SCHOLARSHIP FUNDS-A TOTAL OF 12,000 TO 13 SCHOLARS AT THE UP COLLEGE OF MEDICINE. TAAL ERUPTION FUND-2,200 WAS DISBURSED FOR THE VICTIMS OF THE TAAL VOLCANO ERUPTION IN THE PHILIPPINES. MU SORORITY WEBINAR 2020- 1,500 WAS DONATED FOR THE MU SIGMA PHI SORORITY TO FUND EDUCATIONAL WEBINARS AT THE UP COLLEGE OF MEDICINE. IMMUNITY PROGRAM - 3,100 WAS DONATED TO PURCHASE VACCINES THAT WERE GIVEN TO MEDICAL STUDENTS AND HEALTHCARE WORKERS AT THE UP COLLEGE OF MEDICINE AND PHILIPPINE GENERAL HOSPITAL. MU INDIGENT CHRISTMAS FUNDS- 1,500 WAS DONATED TO HELP FEED INDIGENT CHILDREN IN MANILA DURING CHRISTMAS OF 2020. TYPHOON ROLLY AND ULYSSES- 1,500 WAS DONATED FOR THE VICTIMS OF THESE TWO TYPHOONS.

Form 990, Part I, Line 1

- organization mission or significant activities - to initiate, maintain and promote communication among its members worldwide.to promote the advancement of the welfare of its members. To encourage members to engage in projects that will directly benefit the philippine general hospital-university of the philippines system. To unite its members in helping support special groups of people needing immediate financial and medical assistance such as victims of natural disasters. To make distributions to organizations that qualify as exempt organizations under section 501 c 3 of the internal revenue code of 1954, or the corresponding provisions of any future united states internal revenue law.

Form 990, Part III, Line 1

- organization mission - to initiate, maintain and promote communication among its members worldwide. To promote the advancement of the welfare of its members. To encourage members to engage in projects that will directly benefit the philippine general hospital-university of the philippines system. To unite its members in helping support special groups of people needing immediate financial and medical assistance such as victims of natural disasters. To make distributions to organizations that qualify as exempt organizations under section 501 c 3 of the internal revenue code of 1954, or the corresponding provisions of any future united states internal revenue law.

Form 990, Part XI, Line 11G

RECRUITMENT COST

Form 990, Part III, Line 2

As a result of the covid 19 pandemic, the organization undertook a significant service program. The organization donated a total of 35,500 to the mu sigma phi fraternity and sorority to be used for the purchases of personal protective equipment. This included n-95 masks, gloves, gowns, and disinfecting material needed to protect frontline medical workers in the philippines from covid infection. Other changes the organization made to the scholarships were the duration of scholarship was changed from 3 years to 4 years and the annual stipend of scholarships was increased from 1,000 to 1,500.

Financial Statement Notes

V 4

-intended uses of endowment fund - endowment funds are used to support current programs such as scholarships, donations to the college of medicine for improvements to buildings and equipment.

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IRS990/Form990PartVIISectionAGrp/TitleTxt17DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt18DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt19DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt20DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt21DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt22DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt23DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt24DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt25DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt26DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt27DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt28DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt29DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt30DECADE REP
IRS990/Form990PartVIISectionAGrp/TitleTxt31DECADE REP
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IRS990/ProgSrvcAccomActy2Grp/Desc0MU RELIEF FUNDS IS AN UMBRELLA FUND THE ORGANIZATION USES TO PROVIDE HELP FOR THE MANY DISASTERS IN THE PHILIPPINES INCLUDING TYPHOONS, FLOODS, AND VOLCANIC ERUPTIONS. TYPICALLY, THE ORGANIZATION USES THE FUNDS TO PURCHASE MATERIAL TO CREATE WATER PURIFICATION SYSTEMS FOR DISASTER VICTIMS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0IMMUNITY FUND IS A YEARLY FUND CREATED TO PURCHASE FREE VACCINES FOR THE MEDICAL STUDENTS OF THE UP COLLEGE OF MEDICINE AND THE HEALTHCARE WORKERS OF THE PHILIPPINE GENERAL HOSPITAL.
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