Civic Intelligence

Phi Sigma Kappa Alumni Association of Troy Ny

990 • Fiscal year 2016 • EIN 30-0290695

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 04, 2016

Organization ProfilePHISIGMAKAPPA.ORG
PO Box 1379Troy, NY 12181-1379

(518) 495-5265

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.04x

Higher debt load relative to assets than 23% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.64x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Net Margin

1st percentile

-119%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Asset Growth

24th percentile

-3.4%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-45%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$1,288,133

Down $45,445 (-3.4%) from 2015

Net Assets

Down

$1,239,419

Down $89,159 (-6.7%) from 2015

Liabilities

Up

$48,714

Up $43,714 (+874%) from 2015

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin1st percentile

Revenue

Down

$75,962

Down $62,435 (-45%) from 2015

Expenses

Up

$165,994

Up $56,999 (+52%) from 2015

Net Income

Down

-$90,032

Down $119,434 (-406%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$1.5M$1.0M$500K$0Assets 2012: $1,282,887Liabilities 2012: $5,000Net Assets 2012: $1,277,8872012Assets 2013: $1,294,459Liabilities 2013: $5,000Net Assets 2013: $1,289,4592013Assets 2014: $1,355,028Liabilities 2014: $5,000Net Assets 2014: $1,350,0282014Assets 2015: $1,333,578Liabilities 2015: $5,000Net Assets 2015: $1,328,5782015Assets 2016: $1,288,133Liabilities 2016: $48,714Net Assets 2016: $1,239,4192016Assets 2017: $1,287,082Liabilities 2017: $46,258Net Assets 2017: $1,240,8242017Assets 2018: $1,287,484Liabilities 2018: $43,062Net Assets 2018: $1,244,4222018Assets 2019: $1,267,728Liabilities 2019: $57,797Net Assets 2019: $1,209,9312019Assets 2020: $1,213,699Liabilities 2020: $41,492Net Assets 2020: $1,172,2072020Assets 2021: $1,302,999Liabilities 2021: $31,921Net Assets 2021: $1,271,0782021Assets 2022: $1,072,153Liabilities 2022: $24,816Net Assets 2022: $1,047,3372022Assets 2023: $1,045,134Liabilities 2023: $17,530Net Assets 2023: $1,027,6042023Assets 2024: $1,058,387Liabilities 2024: $9,758Net Assets 2024: $1,048,6292024

Highlighted filing

2016

Assets$1,288,133
Liabilities$48,714
Net Assets$1,239,419
Open 2016 Filing

Operations Trend

Revenue Growth3rd percentile

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

$200K$100K$0-$100KExpenses 2012: $171,1782012Expenses 2013: $90,8262013Revenue 2014: $111,888Expenses 2014: $116,966Net Income 2014: -$5,0782014Revenue 2015: $138,397Expenses 2015: $108,995Net Income 2015: $29,4022015Revenue 2016: $75,962Expenses 2016: $165,994Net Income 2016: -$90,0322016Revenue 2017: $90,580Expenses 2017: $119,578Net Income 2017: -$28,9982017Revenue 2018: $102,998Expenses 2018: $119,549Net Income 2018: -$16,5512018Revenue 2019: $94,355Expenses 2019: $138,930Net Income 2019: -$44,5752019Revenue 2020: $86,456Expenses 2020: $135,364Net Income 2020: -$48,9082020Revenue 2021: $81,390Expenses 2021: $109,154Net Income 2021: -$27,7642021Revenue 2022: $111,050Expenses 2022: $109,409Net Income 2022: $1,6412022Revenue 2023: $100,197Expenses 2023: $115,331Net Income 2023: -$15,1342023Revenue 2024: $98,305Expenses 2024: $135,386Net Income 2024: -$37,0812024

Highlighted filing

2016

Revenue$75,962
Expenses$165,994
Net Income-$90,032
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 4, 2016
Return Version
2015v2.1
Gross Receipts
$75,962
Mission and Program Overview

Mission

To promote and further the general welfare of the alumni and members of the gamma tetarton chapter of phi sigma kappa fraternity; to purchase, lease, maintain, and hold real property and to erect, construct, or repair buildings hereon for the benefit and use of this corporation and the chapter; to promote the friendship of its members, and to inculcate in them a high sense of loyalty to each other, and to stimulate their intellectual advancement.

Mission: to buy, hold, and maintain a fraternity house for the Colony of Phi Sigma Kappa at RPI in Troy, NY, a chapter of Phi Sigma Kappa national fraternity; to help ensure the long term viability of the chapter; and to promote ongoing goodwill and social contact among its alumni.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$625,211$664,929▲ $39,718
Land, Buildings, and Equipment, Net$586,380$664,458▲ $78,078
Rtn Earn Endowment Incm Other Fnds$690,877$563,715▼ $127,162
Investments in Publicly Traded Securities$678,939$328,190▼ $350,749
Savings and Temporary Cash Investments$65,611$290,607▲ $224,996
Cap Stk Tr Prin Current Funds$12,490$10,775▼ $1,715
Prepaid Expenses and Deferred Charges$0$4,000▲ $4,000
Cash and Non-Interest-Bearing Accounts$2,648$878▼ $1,770
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,333,578$1,288,133▼ $45,445
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$47,759▲ $47,759
Unsecured Notes Loans Payable$5,000$0▼ $5,000
Accounts Payable and Accrued Expenses$0$955▲ $955
Grants Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,000$48,714▲ $43,714
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,328,578$1,239,419▼ $89,159
Total Liabilities and Net Assets / Fund Balance$1,333,578$1,288,133▼ $45,445

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$558,523$123,415$681,938
Equipment$45,287$52,537$97,824
Land$60,648-$60,648
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$690,878$6,652▲ $7,725$128,623$563,716
2014$673,194$3,698▲ $22,674$2,859$690,878
2013$571,904$1,200▲ $115,050$10,000$673,194
2012$545,407$1,200▲ $35,297$10,000$571,904
2011$756,865$1,200▼ $12,658$200,000$545,407
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Paul MaranoPresident
Joe DeFrancisciVice president
Daniel FranklinMember at Large
Eric OttoMember at Large
Jacob ZadnikSecretary
Ira WhitmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,452
Program Service Revenue
$59,720
Investment Income
$10,790
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$-90,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$153,156
Grants and Similar Amounts Paid$12,838
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$43,608
Fees for Services Other---$22,675
Insurance---$14,956
Grants to Domestic Orgs---$12,838
Fees for Service Investment Mgmnt Fees---$3,937
Conferences and Meetings---$3,477
Other Expenses---$3,197
Interest---$1,845
All Other Expenses---$965
Office Expenses---$142
Total Functional Expenses$0$0$0$165,994
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Troy Rehabilitation and Improvement Program IncTroy, NY501(c)3-$12,838
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jennifer FranklinSpouse of officerPurchase used kitchen equipment from individualNo$1,500

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
Yes
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 4

“The organization updated its by laws in October 2015.”

Form 990, Part VI, Section A, Line 6

“Members include all 'Third Degree' brothers of Phi Sigma Kappa Fraternity at RPI. Third degree is defined as all brothers who have graduated or whose class has graduated.”

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

“All members who attend the annual meeting may nominate and elect officers/directors.”

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

“Completed 990 are circulated by email.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
PHI SIGMA KAPPA Alumni Association of Troy NY
EIN
30-0290695
Phone
5184955265
Address
PO Box 1379, Troy, NY 12181-1379

Signing Officer

Name
Ira Whitman
Title
Treasurer
Phone
5184955265
Signed
2016-12-04

Organization Details

Principal Officer
Paul Marano
Formed
1954
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
2
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“$22,675 Architectural and contracting services for building renovations”

Financial Statement Notes

Schedule D, Part V, Line 4

“General endowment: a source of investment income. Microgrant Endowment: funds a grant program for neighboring home owners, not-for-profits, and businesses. Self-Insurance fund: to cover insurance deductibles and losses not covered by property insurance. Black Light Room (BLR) Fund: funds restoration and maintenance of artistic work from the black light room, created in 1972, in our former fraternity house. Scholarship: (new this year) provide scholarships to students.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0To promote and further the general welfare of the alumni and members of the Gamma Tetarton Chapter of Phi Sigma Kappa Fraternity; to purchase, lease, maintain, and hold real property and to erect, construct, or repair buildings hereon for the benefit and use of this corporation and the chapter; to promote the friendship of its members, and to inculcate in them a high sense of loyalty to each other, and to stimulate their intellectual advancement.
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0664929
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04000
IRS990/PrincipalOfficerNm0Paul Marano
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rent from fraternity chapter
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt059720
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt059720
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0The organization has purchased and renovated a fraternity house for use by the chapter. Depreciation expenses on the buildings, fixtures, and equipment are recorded here.
IRS990/ProgSrvcAccomActy3Grp/Desc0The organization initiated a 'microgrant program' in cooperation with a local not-for-profit. The program provides funds to support renovations and building improvements in the fraternity's immediate neighborhood.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0The alumni association's annual meeting held in the fall serves both as a business meeting, for election of officers, and our principal social event each year. There is also an annual camping trip/retreat held each summer with the active members of the fraternity wherein goals for the coming year are set.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02498
IRS990/PYGrantsAndSimilarPaidAmt08376
IRS990/PYInvestmentIncomeAmt079899
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0100619
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt056000
IRS990/PYRevenuesLessExpensesAmt029402
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0108995
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0138397
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-90032
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0690877
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0563715
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065611
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0290607
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0558523
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0123415
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0681938
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt078
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0690878
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt06652
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0563716
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt012838
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt07725
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0128623
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0329
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0673194
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt03698
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0690878
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt05500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022674
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt02859
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0960
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0571904
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01200
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0673194
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt04000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0115050
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt010000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0545407
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01200
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0571904
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt035297
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt010000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0756865
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01200
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0545407
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-12658
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0200000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt045287
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052537
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097824
IRS990ScheduleD/LandGrp/BookValueAmt060648
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060648
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0General endowment: a source of investment income. Microgrant Endowment: funds a grant program for neighboring home owners, not-for-profits, and businesses. Self-Insurance fund: to cover insurance deductibles and losses not covered by property insurance. Black Light Room (BLR) Fund: funds restoration and maintenance of artistic work from the black light room, created in 1972, in our former fraternity house. Scholarship: (new this year) provide scholarships to students.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part V, Line 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0664458
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt012838
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Troy Rehabilitation and Improvement Program Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0(TRIP)
IRS990ScheduleI/RecipientTable/RecipientEIN0141503655
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0415 River Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt03rd Floor
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Troy
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd012180
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization operates a "micro grant" program, issuing grants of up to $1,000 to individuals, not for profits, and businesses for building renovations, community beautification projects, historical restoration, and community programs. The program is documented in pamphlets and on Facebook. There is a formal application process, committee review, and grading procedure. Fraternity members visit sites to verify that grants have been utilized as promised in the grantees' applications. We do so in cooperation with an organization called Troy Rehabilitation and Improvement Program (TRIP), to whom we grant funds; they distribute these funds per our direction to the individual grantees.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Jennifer Franklin
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Spouse of officer
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Purchase used kitchen equipment from individual
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization updated its by laws in October 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members include all 'Third Degree' brothers of Phi Sigma Kappa Fraternity at RPI. Third degree is defined as all brothers who have graduated or whose class has graduated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All members who attend the annual meeting may nominate and elect officers/directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Completed 990 are circulated by email.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5$22,675 Architectural and contracting services for building renovations
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0The Colony of Phi Sigma Kappa at RPI Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0146030163
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0College fraternity
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,288,133
Liabilities
$48,714
Net assets
$1,239,419
Revenue
$75,962
Expenses
$165,994
Net income
-$90,032
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.06$0.01$1.05$0.10$0.14$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.05$0.02$1.03$0.10$0.12$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.07$0.02$1.05$0.11$0.11$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.03$1.27$0.08$0.11$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.21$0.04$1.17$0.09$0.14$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.27$0.06$1.21$0.09$0.14$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.29$0.04$1.24$0.10$0.12$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.29$0.05$1.24$0.09$0.12$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.29$0.05$1.24$0.08$0.17$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.01$1.33$0.14$0.11$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.36$0.01$1.35$0.11$0.12$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.01$1.29$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.01$1.28$0.17