Civic Intelligence

Phi Mu Fraternity Inc

990 • Fiscal year 2022 • EIN 62-0533776

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

400 Westpark DrivePeachtree City, GA 30269

(770) 632-2090

Siviq Scores

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

Liabilities / Assets

61st percentile

0.35x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

1.97x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2022

Net Margin

87th percentile

19%

Higher net margin than 87% of similar nonprofits.

2022 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

10th percentile

$173,492

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2022 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2022

Asset Growth

15th percentile

-2.0%

Faster asset growth than 15% of similar nonprofits.

2022 filings • 501(c)7 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-16%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)7 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$29,222,626

Down $588,558 (-2.0%) from 2021

Net Assets

Down

$18,929,609

Down $365,254 (-1.9%) from 2021

Liabilities

Down

$10,293,017

Down $223,304 (-2.1%) from 2021

Revenue

Down

$5,230,581

Down $992,478 (-16%) from 2021

Expenses

Up

$4,224,764

Up $1,174,434 (+39%) from 2021

Net Income

Down

$1,005,817

Down $2,166,912 (-68%) from 2021

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $13,038,622Liabilities 2011: $3,019,724Net Assets 2011: $10,018,8982011Assets 2012: $16,927,047Liabilities 2012: $6,230,110Net Assets 2012: $10,696,9372012Assets 2013: $16,693,542Liabilities 2013: $5,159,493Net Assets 2013: $11,534,0492013Assets 2014: $16,750,841Liabilities 2014: $4,117,355Net Assets 2014: $12,633,4862014Assets 2015: $16,842,815Liabilities 2015: $3,556,756Net Assets 2015: $13,286,0592015Assets 2016: $18,020,342Liabilities 2016: $4,690,178Net Assets 2016: $13,330,1642016Assets 2017: $18,253,560Liabilities 2017: $4,611,136Net Assets 2017: $13,642,4242017Assets 2018: $19,824,841Liabilities 2018: $5,929,068Net Assets 2018: $13,895,7732018Assets 2019: $21,115,199Liabilities 2019: $7,098,333Net Assets 2019: $14,016,8662019Assets 2020: $23,040,281Liabilities 2020: $8,440,189Net Assets 2020: $14,600,0922020Assets 2021: $29,811,184Liabilities 2021: $10,516,321Net Assets 2021: $19,294,8632021Assets 2022: $29,222,626Liabilities 2022: $10,293,017Net Assets 2022: $18,929,6092022Assets 2023: $31,031,034Liabilities 2023: $10,603,689Net Assets 2023: $20,427,3452023

Highlighted filing

2022

Assets$29,222,626
Liabilities$10,293,017
Net Assets$18,929,609

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,572,4792011Expenses 2012: $2,821,5742012Expenses 2013: $4,674,3852013Revenue 2014: $4,793,254Expenses 2014: $3,815,358Net Income 2014: $977,8962014Revenue 2015: $5,930,329Expenses 2015: $5,713,158Net Income 2015: $217,1712015Revenue 2016: $5,470,181Expenses 2016: $5,623,340Net Income 2016: -$153,1592016Revenue 2017: $7,092,065Expenses 2017: $7,034,355Net Income 2017: $57,7102017Revenue 2018: $6,155,305Expenses 2018: $5,593,019Net Income 2018: $562,2862018Revenue 2019: $7,375,193Expenses 2019: $7,466,609Net Income 2019: -$91,4162019Revenue 2020: $5,908,861Expenses 2020: $5,293,220Net Income 2020: $615,6412020Revenue 2021: $6,223,059Expenses 2021: $3,050,330Net Income 2021: $3,172,7292021Revenue 2022: $5,230,581Expenses 2022: $4,224,764Net Income 2022: $1,005,8172022Revenue 2023: $7,308,750Expenses 2023: $6,433,972Net Income 2023: $874,7782023

Highlighted filing

2022

Revenue$5,230,581
Expenses$4,224,764
Net Income$1,005,817
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.0
Gross Receipts
$6,642,733
Mission and Program Overview

Mission

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,374,228$17,381,823▼ $1,992,405
Cash and Non-Interest-Bearing Accounts$3,525,276$4,385,924▲ $860,648
Investments Program Related$1,601,693$1,531,346▼ $70,347
Prepaid Expenses and Deferred Charges$200,495$861,488▲ $660,993
Savings and Temporary Cash Investments$537,581--
Accounts Receivable-$416,325-
Inventories for Sale or Use$109,617$115,769▲ $6,152
Land, Buildings, and Equipment, Net$44,979$72,459▲ $27,480
Total Assets$29,811,184$29,222,626▼ $588,558
Other Assets Total$4,417,315$4,457,492▲ $40,177
Liabilities
Escrow Account Liability$9,470,032$8,532,726▼ $937,306
Deferred Revenue$863,113$1,543,916▲ $680,803
Accounts Payable and Accrued Expenses$183,176$216,375▲ $33,199
Total Liabilities$10,516,321$10,293,017▼ $223,304
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,294,863$18,929,609▼ $365,254
Total Net Assets Fund Balance$19,294,863$18,929,609▼ $365,254
Total Liabilities and Net Assets / Fund Balance$29,811,184$29,222,626▼ $588,558

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$72,459$534,285$606,744
Investment Program Related Org$26,500--
Other Assets Org$4,457,492--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$4,909,622$155,042▲ $155,673$498,487$4,641,850
2020$4,145,317$727,713▲ $454,519$417,927$4,909,622
2019$3,816,240$120,589▲ $122,521$159,368$4,145,317
2018$9,775,375$86,507▲ $113,242$6,158,884$3,816,240
2017$6,991,483$268,853▲ $546,552$2,442,451$9,775,375
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Darlene ReyesExecutive DiFT$173,492$173,492
Darlene ReyesExecutive Director-$173,492$173,492
Nancy HamillControllerFT$108,995$108,995

Board Members and Trustees

NameTitle
Andrea KashNational Pre
Cynthia BlandNational VP
Denise McdermottNational VP
Jeanne PersuitNational VP
Jessica OswaldNational VP
Karey NevilleNational VP
Lynn McgrawNational VP
Frances MitchelsonNpc Delegate
Revenue and Support

Revenue Composition

Contributions and Grants
$3,097,985
Program Service Revenue
$1,497,033
Investment Income
$45,326
Other Revenue
$590,237
Change in Net Assets
$1,005,817

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,230,581
Revenue Not Reported on Form 990
$-970,412
Total Revenue per Audited Statements
$4,260,169
Total Revenue per Form 990
$5,230,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,139,325
Salaries, Compensation, and Employee Benefits$2,072,439
Grants and Similar Amounts Paid$13,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,814,371
Travel---$702,779
Office Expenses---$274,565
Insurance---$165,833
All Other Expenses---$162,609
Payroll Taxes---$135,540
Pension Plan Contributions---$122,528
Other Expenses---$108,618
Occupancy---$105,682
Information Technology---$52,667
Fees for Services Accounting---$26,250
Fees for Services Legal---$21,557
Depreciation Depletion---$15,573
Grants to Domestic Orgs---$13,000
Advertising---$7,885
Total Functional Expenses$0$0$0$4,224,764

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,625,422
Expenses per Audited Statements$4,224,764
Total Expenses per Form 990$4,224,764
Expenses Not Reported on Form 990$400,658
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Sheila mendoza darlene reyes dir. Housing exec. Dir. Sisters -in-law

Form 990, Page 6, Part VI, Line 6

The organization has members.

Form 990, Page 6, Part VI, Line 7A

Each chartered chapter has the right to send a delegate to the biennial convention where the delegate is allowed one vote on all fraternity business. Appointed and elected officers are also delegates at the biennial convention and have voting rights on all fraternity business decided at the convention.

Form 990, Page 6, Part VI, Line 7B

Decisions that require the approval of delegates to the biennial convention include the right to elect national council members, vote on amendments to phi mu constitution and by laws, vote on convention resolutions, and adopting phi mu policies.

Form 990, Page 6, Part VI, Line 11B

Form 990 is prepared by an independent cpa firm and reviewed by the organization's top management. The reviewed form 990 is then forwarded to the board for review and approval prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

All key members and key employees of the phi mu fraternity board of directors must annually file a conflict of interest form. Members may not vote on any issue related to any disclosed conflict.

Form 990, Page 6, Part VI, Line 15A

The national council determines the compensation for top official director. Annually, the national council reviews the executive director salary, reviews comparable salaries for executive directors of comparable organizations, including other sororities. The decision on compensation is voted on by the national council.

Form 990, Page 6, Part VI, Line 19

All financial, tax, and legal documents are made available to members of the public upon request to the executive director of phi mu fraternity.

Filing and Contact Details

Filer

Filer Name
Phi Mu Fraternity Inc
EIN
62-0533776
Phone
7706322090
Address
400 WESTPARK DRIVE, PEACHTREE CITY, GA 30269

Signing Officer

Name
Nancy Hamill
Title
Controller
Phone
7706322090
Signed
2023-05-10

Organization Details

Principal Officer
Andrea Kash
Formed
1904
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
46
Volunteers
150

Preparer

Firm
Agl CPA Group LLC
Address
1870 BUFORD HIGHWAY STE 100, DULUTH, GA 30097
Preparer
Bradley Sienkiewicz
Phone
7706222982
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Cost of goods sold 400,658 cost of goods sold -400,658

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 1B

The organization holds certain funds of local chapters to be pooled and placed into investments

Schedule D, Page 2, Part IV, Line 2B

Phi mu holds the housing and development fund as custodian for all of the phi mu chapters to manage and invest the funds on an aggregate basis

Schedule D, Page 3, Part X

Fasb asc 740, income taxes, requires the evaluation of tax positions taken or expected to be taken in the course of preparing the fraternity's tax returns to determine whether the tax positions would "more-likely-than-not" be sustained if challenged by an applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. The fraternity evaluates its uncertain tax positions using provisions of fasb asc topic 450, contingencies. Management believes there are no material estimates that should be accrued as of june 30, 2022 and 2021. The fraternity believes it is no longer subject to income tax examinations for years prior to 2018.

Schedule D, Page 4, Part XI, Line 2D

Cost of goods sold 400,658

Schedule D, Page 4, Part XII, Line 2D

Cost of goods sold 400,658

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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FOUNDED 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.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-18206
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0255044
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0255044
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IRS990/OfficeExpensesGrp/TotalAmt0274565
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04417315
IRS990/OtherAssetsTotalGrp/EOYAmt04457492
IRS990/OtherExpensesGrp/Desc0MEALS
IRS990/OtherExpensesGrp/Desc1DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc3SERVICES FEES
IRS990/OtherExpensesGrp/TotalAmt0185180
IRS990/OtherExpensesGrp/TotalAmt1158566
IRS990/OtherExpensesGrp/TotalAmt2151561
IRS990/OtherExpensesGrp/TotalAmt3108618
IRS990/OtherSalariesAndWagesGrp/TotalAmt01814371
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt0135540
IRS990/PensionPlanContributionsGrp/TotalAmt0122528
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0200495
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0861488
IRS990/PrincipalOfficerNm0ANDREA KASH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/Desc0CHAPTER ACCOUNTING FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01183059
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1313974
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01183059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1313974
IRS990/ProgSrvcAccomActy2Grp/Desc0CONFERENCES 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. THESE PROGRAMS REPRESENT THE FRATERNITYS ONGOING COMMITMENT TO ITS MEMBERS IN THE ENHANCEMENT OF TEACHING, LEARNING, AND ACHIEVEMENT OF ACADEMIC GOALS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0600060
IRS990/ProgSrvcAccomActy3Grp/Desc0CARNATION COLLECTION: REPRESENTS EXPENSES INCURRED IN THE PRODUCTION, PROMOTION, AND SALE OF THE FRATERNITYS LINE OF MERCHANDISE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0179144
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0236823
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IRS990/PYRevenuesLessExpensesAmt03172729
IRS990/PYSalariesCompEmpBnftPaidAmt01724379
IRS990/PYTotalExpensesAmt03050330
IRS990/PYTotalRevenueAmt06223059
IRS990/ReconcilationRevenueExpnssAmt01005817
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IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt0335193
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0335193
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0537581
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04909622
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0155042
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04641850
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0155673
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0498487
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04145317
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0727713
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04909622
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0454519
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0417927
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03816240
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0120589
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04145317
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0122521
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0159368
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt09775375
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt086507
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03816240
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0113242
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt06158884
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06991483
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0268853
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt09775375
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0473964
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0546552
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt02442451
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0400658
IRS990ScheduleD/ExpensesSubtotalAmt04224764
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01504846
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt126500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN REAL ESTATE HOLDING
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN HOUSING CORPORATION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1371070
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04457492
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM PHI MU HC
IRS990ScheduleD/OtherExpensesIncludedAmt0400658
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt072459
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0534285
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0606744
IRS990ScheduleD/OtherRevenueAmt0400658
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-970412
IRS990ScheduleD/RevenueSubtotalAmt05230581
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS CERTAIN FUNDS OF LOCAL CHAPTERS TO BE POOLED AND PLACED INTO INVESTMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PHI MU HOLDS THE HOUSING AND DEVELOPMENT FUND AS CUSTODIAN FOR ALL OF THE PHI MU CHAPTERS TO MANAGE AND INVEST THE FUNDS ON AN AGGREGATE BASIS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FASB ASC 740, INCOME TAXES, REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FRATERNITY'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS WOULD "MORE-LIKELY-THAN-NOT" BE SUSTAINED IF CHALLENGED BY AN APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. THE FRATERNITY EVALUATES ITS UNCERTAIN TAX POSITIONS USING PROVISIONS OF FASB ASC TOPIC 450, CONTINGENCIES. MANAGEMENT BELIEVES THERE ARE NO MATERIAL ESTIMATES THAT SHOULD BE ACCRUED AS OF JUNE 30, 2022 AND 2021. THE FRATERNITY BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2018.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3COST OF GOODS SOLD 400,658
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4COST OF GOODS SOLD 400,658
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 1B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt072459
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04457492
IRS990ScheduleD/TotalBookValueProgramRltdAmt01531346
IRS990ScheduleD/TotalExpensesPerForm990Amt04224764
IRS990ScheduleD/TotalRevenuePerForm990Amt05230581
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04260169
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04625422
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0173492
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DARLENE REYES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0173492
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHEILA MENDOZA DARLENE REYES DIR. HOUSING EXEC. DIR. SISTERS -IN-LAW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH CHARTERED CHAPTER HAS THE RIGHT TO SEND A DELEGATE TO THE BIENNIAL CONVENTION WHERE THE DELEGATE IS ALLOWED ONE VOTE ON ALL FRATERNITY BUSINESS. APPOINTED AND ELECTED OFFICERS ARE ALSO DELEGATES AT THE BIENNIAL CONVENTION AND HAVE VOTING RIGHTS ON ALL FRATERNITY BUSINESS DECIDED AT THE CONVENTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISIONS THAT REQUIRE THE APPROVAL OF DELEGATES TO THE BIENNIAL CONVENTION INCLUDE THE RIGHT TO ELECT NATIONAL COUNCIL MEMBERS, VOTE ON AMENDMENTS TO PHI MU CONSTITUTION AND BY LAWS, VOTE ON CONVENTION RESOLUTIONS, AND ADOPTING PHI MU POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN FORWARDED TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL KEY MEMBERS AND KEY EMPLOYEES OF THE PHI MU FRATERNITY BOARD OF DIRECTORS MUST ANNUALLY FILE A CONFLICT OF INTEREST FORM. MEMBERS MAY NOT VOTE ON ANY ISSUE RELATED TO ANY DISCLOSED CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE NATIONAL COUNCIL DETERMINES THE COMPENSATION FOR TOP OFFICIAL DIRECTOR. ANNUALLY, THE NATIONAL COUNCIL REVIEWS THE EXECUTIVE DIRECTOR SALARY, REVIEWS COMPARABLE SALARIES FOR EXECUTIVE DIRECTORS OF COMPARABLE ORGANIZATIONS, INCLUDING OTHER SORORITIES. THE DECISION ON COMPENSATION IS VOTED ON BY THE NATIONAL COUNCIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL FINANCIAL, TAX, AND LEGAL DOCUMENTS ARE MADE AVAILABLE TO MEMBERS OF THE PUBLIC UPON REQUEST TO THE EXECUTIVE DIRECTOR OF PHI MU FRATERNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8COST OF GOODS SOLD 400,658 COST OF GOODS SOLD -400,658
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2FRATERNITY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$31.0$10.6$20.4$7.31$6.43$0.87
2022Detailed filing. Detailed filing data is available for this year.$29.2$10.3$18.9$5.23$4.22$1.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.8$10.5$19.3$6.22$3.05$3.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.0$8.44$14.6$5.91$5.29$0.62
2019Summary only. Only limited summary data is available for this year.$21.1$7.10$14.0$7.38$7.47$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.8$5.93$13.9$6.16$5.59$0.56
2017Summary only. Only limited summary data is available for this year.$18.3$4.61$13.6$7.09$7.03$0.06
2016Detailed filing. Detailed filing data is available for this year.$18.0$4.69$13.3$5.47$5.62$0.15
2015Detailed filing. Detailed filing data is available for this year.$16.8$3.56$13.3$5.93$5.71$0.22
2014Detailed filing. Detailed filing data is available for this year.$16.8$4.12$12.6$4.79$3.82$0.98
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$5.16$11.5$4.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$6.23$10.7$2.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$3.02$10.0$3.57