Civic Intelligence

Phi Sigma Kappa Alumni Association of Troy Ny

990 • Fiscal year 2020 • EIN 30-0290695

Jul 01, 2019 to Jun 30, 2020 • Filed on May 16, 2021

Organization Profile
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

27th percentile

0.03x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.48x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Net Margin

3rd percentile

-57%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Asset Growth

20th percentile

-4.3%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

42nd percentile

-8.4%

Faster revenue growth than 42% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$1,213,699

Down $54,029 (-4.3%) from 2019

Net Assets

Down

$1,172,207

Down $37,724 (-3.1%) from 2019

Liabilities

Down

$41,492

Down $16,305 (-28%) from 2019

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin3rd percentile

Revenue

Down

$86,456

Down $7,899 (-8.4%) from 2019

Expenses

Down

$135,364

Down $3,566 (-2.6%) from 2019

Net Income

Down

-$48,908

Down $4,333 (-9.7%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2020

Assets$1,213,699
Liabilities$41,492
Net Assets$1,172,207
Open 2020 Filing

Operations Trend

Revenue Growth42nd 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

2020

Revenue$86,456
Expenses$135,364
Net Income-$48,908
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 16, 2021
Return Version
2019v5.0
Gross Receipts
$86,456
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$637,263$635,612▼ $1,651
Investments in Publicly Traded Securities$605,445$614,759▲ $9,314
Land, Buildings, and Equipment, Net$635,200$593,763▼ $41,437
Rtn Earn Endowment Incm Other Fnds$566,894$529,580▼ $37,314
Cap Stk Tr Prin Current Funds$5,774$7,015▲ $1,241
Prepaid Expenses and Deferred Charges$743$3,309▲ $2,566
Savings and Temporary Cash Investments$814$1,327▲ $513
Cash and Non-Interest-Bearing Accounts$25,526$541▼ $24,985
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
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,267,728$1,213,699▼ $54,029
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$57,797$41,492▼ $16,305
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$57,797$41,492▼ $16,305
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,209,931$1,172,207▼ $37,724
Total Liabilities and Net Assets / Fund Balance$1,267,728$1,213,699▼ $54,029

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$520,639$242,376$763,015
Equipment$12,476$113,373$125,849
Land$60,648-$60,648
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$566,894$0▲ $24,126$55,440$529,580
2018$576,220$4,200▲ $35,282$38,808$566,894
2017$566,273$1,200▲ $59,747$46,000$576,220
2016$563,716$6,247▲ $57,978$60,168$566,273
2015$690,878$6,652▲ $7,725$128,623$563,716
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$58,300
Investment Income
$28,156
Other Revenue
$0
Change in Net Assets
$-48,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,599
Grants and Similar Amounts Paid$15,765
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$41,435
Occupancy---$38,765
Grants to Domestic Orgs---$13,325
Insurance---$12,172
Other Expenses---$5,881
Conferences and Meetings---$4,247
Grants to Domestic Individuals---$2,440
Interest---$1,371
Fees for Services Other---$525
Office Expenses---$154
Total Functional Expenses$0$0$0$135,364
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Colony of Phi Sigma Kappa at RPITroy, NY501(c)7Subsidy, provided as a discount on rent, in recognition of reduced revenue due to low membership and additional loss of revenue due to dismissal of students by the college when the covid19 pandemic broke out.$9,325
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

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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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 6

“Members include all "Third Degree" brothers of Phi Sigma Kappa Fraternity of 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 present at the annual meeting may nominate and select officers/directors.”

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

“The 990 draft is distributed via email.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available 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
2021-05-16

Organization Details

Principal Officer
Paul Marano
Formed
1954
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
2
Supplemental Narrative

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: covers insurance deductibles and losses not otherwise covered by property insurance. Black Light Room (BLR) fund: funds maintenance of artistic work from walls of the "black light room" created in 1972. Scholarship: scholarships to students.”

Raw XML AppendixShowing 400 of 458 raw XML fields

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/ActivityOrMissionDesc0Mission: 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
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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/OtherExpensesGrp/Desc0Building maintenance
IRS990/OtherExpensesGrp/Desc1Unrelated business income tax
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IRS990/OtherExpensesGrp/TotalAmt15881
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0637263
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0635612
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0743
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03309
IRS990/PrincipalOfficerNm0Paul Marano
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rent from fraternity chapter
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058300
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/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 alumni and the active members of the fraternity. It features workshops on rush (recruitment), house operations, and community involvement.
IRS990/ProgSrvcAccomActy3Grp/Desc0The organization operates 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 organization has initiated the Istvan Moritz Memorial Scholarship Fund to recognize and reward academic achievement and contribution to the chapter by undergraduate members.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt010793
IRS990/PYInvestmentIncomeAmt030955
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0128137
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt063400
IRS990/PYRevenuesLessExpensesAmt0-44575
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0138930
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt094355
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-48908
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
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/BOYAmt0566894
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0529580
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0814
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01327
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0520639
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0242376
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0763015
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0566894
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0529580
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt024126
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt055440
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0576220
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04200
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0566894
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt010000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt035282
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt038808
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0566273
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01200
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0576220
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt05000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt059747
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt046000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0563716
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt06247
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0566273
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt057978
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt060168
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt078
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0690878
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt06652
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0563716
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt012838
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07725
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0128623
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt012476
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0113373
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0125849
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: covers insurance deductibles and losses not otherwise covered by property insurance. Black Light Room (BLR) fund: funds maintenance of artistic work from walls of the "black light room" created in 1972. Scholarship: scholarships to students.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part V, Line 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0593763
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt09325
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)7
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Subsidy, provided as a discount on rent, in recognition of reduced revenue due to low membership and additional loss of revenue due to dismissal of students by the college when the covid19 pandemic broke out.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Colony of Phi Sigma Kappa at RPI
IRS990ScheduleI/RecipientTable/RecipientEIN0146030163
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0320 Congress St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Troy
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd012180
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0There were two types of grants this year. A grant in the form of a rent subsidy was provided to our related organization, the Colony of Phi Sigma Kappa at RPI (The Chapter). There was no selection criterion, as they are our only related organization. The subsidy was provided due to low membership and increased in the Spring due to the Covid-19 pandemic and dismissal of on-campus students. The other grants were microgrants of up to $1,000 distributed through TRIP. There is a rigorous application, review, and selection process plus follow up inspections.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members include all "Third Degree" brothers of Phi Sigma Kappa Fraternity of RPI. Third degree is defined as all brothers who have graduated or whose class has graduated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All members present at the annual meeting may nominate and select officers/directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 990 draft is distributed via email.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01267728
IRS990/TotalAssetsEOYAmt01213699
IRS990/TotalAssetsGrp/BOYAmt01267728
IRS990/TotalAssetsGrp/EOYAmt01213699
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,213,699
Liabilities
$41,492
Net assets
$1,172,207
Revenue
$86,456
Expenses
$135,364
Net income
-$48,908
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