Civic Intelligence

Arkansas Chapter of Phi Mu Fraternity House Corp

EIN 82-0719123 • 501(c)7 • Tulsa, OK

Profile

To provide affordable housing, meals and leadership opportunities to the phi mu fraternity members at the university of arkansas

2740 E 41st STREETTulsa, OK 74105
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

0.80x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

4.81x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Net Margin

82nd percentile

18%

Higher net margin than 82% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

0.6%

Faster asset growth than 25% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2023 to 2025

Revenue Growth

70th percentile

12%

Faster revenue growth than 70% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2023 to 2025

Assets

Up

$11,702,813

Up $10,456 (+0.1%) from 2024

Liabilities

Down

$9,337,947

Down $331,134 (-3.4%) from 2024

Net Assets

Up

$2,364,866

Up $341,590 (+17%) from 2024

Revenue

Down

$1,939,898

Down $362,824 (-16%) from 2024

Expenses

Up

$1,598,309

Up $39,375 (+2.5%) from 2024

Net Income

Down

$341,589

Down $402,199 (-54%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2020: $12,509,392Liabilities 2020: $11,402,068Net Assets 2020: $1,107,3242020Assets 2021: $12,092,358Liabilities 2021: $11,048,310Net Assets 2021: $1,044,0482021Assets 2022: $11,817,614Liabilities 2022: $10,530,781Net Assets 2022: $1,286,8332022Assets 2023: $11,567,179Liabilities 2023: $10,287,690Net Assets 2023: $1,279,4892023Assets 2024: $11,692,357Liabilities 2024: $9,669,081Net Assets 2024: $2,023,2762024Assets 2025: $11,702,813Liabilities 2025: $9,337,947Net Assets 2025: $2,364,8662025

Highlighted filing

2025

Assets$11,702,813
Liabilities$9,337,947
Net Assets$2,364,866

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $1,218,613Expenses 2020: $1,435,831Net Income 2020: -$217,2182020Revenue 2021: $1,387,844Expenses 2021: $1,451,121Net Income 2021: -$63,2772021Revenue 2022: $1,733,688Expenses 2022: $1,490,903Net Income 2022: $242,7852022Revenue 2023: $1,540,050Expenses 2023: $1,547,395Net Income 2023: -$7,3452023Revenue 2024: $2,302,722Expenses 2024: $1,558,934Net Income 2024: $743,7882024Revenue 2025: $1,939,898Expenses 2025: $1,598,309Net Income 2025: $341,5892025

Highlighted filing

2025

Revenue$1,939,898
Expenses$1,598,309
Net Income$341,589

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$1,939,898
Mission and Program Overview

Mission

To provide affordable housing, meals and leadership opportunities to the phi mu fraternity members at the university of arkansas

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,459,994$10,440,012▼ $19,982
Cash and Non-Interest-Bearing Accounts$976,363$1,262,801▲ $286,438
Prepaid Expenses and Deferred Charges$256,000--
Total Assets$11,692,357$11,702,813▲ $10,456
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,894,609$7,596,750▼ $297,859
Other Liabilities$1,619,702$1,590,005▼ $29,697
Unsecured Notes Loans Payable$154,770$151,192▼ $3,578
Total Liabilities$9,669,081$9,337,947▼ $331,134
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,023,276$2,364,866▲ $341,590
Total Net Assets Fund Balance$2,023,276$2,364,866▲ $341,590
Total Liabilities and Net Assets / Fund Balance$11,692,357$11,702,813▲ $10,456

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,137,923$2,260,169$12,398,092
Other Land Buildings$302,089$256,460$558,549
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
College FreshFood Services411 E PARK ST SUITE 100, Champaign, IL 61820$404,672
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,913,018
Investment Income
$24,977
Other Revenue
$1,903
Change in Net Assets
$341,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,540,856
Salaries, Compensation, and Employee Benefits$57,453
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$364,390--$364,390
Interest$306,128--$306,128
Office Expenses$54,860--$54,860
Other Salaries and Wages$51,402--$51,402
Other Expenses$47,015--$47,015
Payroll Taxes$6,051--$6,051
Occupancy$4,170--$4,170
Fees for Services Accounting$2,572--$2,572
Total Functional Expenses$1,598,309$0$0$1,598,309
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
National House Corp$1,537,289
Room Deposits$31,955
Prepaid Housing and Parlor Fees$20,761
Governance and Compliance

Governance Checklist

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

Governance Explanations

Organizational document changes Part VI line 4

No changes to the bylaws were made during this fiscal year.

Members or stockholder classes and rights Part VI line 6

According to the bylaws, phi mu housing corporation is the sole member.

Member election for additional members Part VI line 7A

Member is authorized to nominate and approve directors.

Governing body decisions Part VI line 7B

Member is authorized to approve bylaw revisions.

Form 990 governing body review Part VI line 11

The form 990 is prepared by an independent cpa firm and reviewed by the organizations officers prior to filing with the irs.

Conflict of interest policy compliance Part VI line 12C

Officers and employees are required to confirm annually any potential conflicts. In the interim, directors report any potential conflicts which are evaluated by the officers. If an officer is a party to the potential conflict, they are recused from the discussion.

Other officer or key employee compensation Part VI line 15B

The president and treasurer evaluate the employees performance on an annual basis and determine any wage increases based on merit. Additionally, the president and treasurer gather available market data for similar positions.

Governing documents etc available to public Part VI line 19

The governing documents, policies, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Arkansas Chapter of Phi Mu Fraternity House Corp
EIN
82-0719123
In Care Of
% CATHY GATES
Phone
9186717343
Address
2740 E 41st STREET, Tulsa, OK 74105

Signing Officer

Name
Cathy Gates
Title
Officer
Phone
9186717343
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Virginia Rainwater Cox
Formed
2017
Legal Domicile
Ar
Voting Board Members
8
Independent Board Members
8
Employees
1

Preparer

Firm
Lisa Lashley Higgins CPA
Address
111 N CHURCH AVENUE, Fayetteville, AR 72701
Preparer
Lisa Higgins
Phone
4794428731
Supplemental Narrative

Additional Explanations

Unrelated business income explanation Part V line 3B

Investment interest is set aside for future program services.

Explanation of other changes in net assets or fund balances Part XI line 9

ROUNDING

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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01939898
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt010137923
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02260169
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012398092
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0302089
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0256460
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0558549
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01537289
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt131955
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt220761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NATIONAL HOUSE CORP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ROOM DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID HOUSING AND PARLOR FEES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010440012
IRS990ScheduleD/TotalLiabilityAmt01590005
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INVESTMENT INTEREST IS SET ASIDE FOR FUTURE PROGRAM SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO CHANGES TO THE BYLAWS WERE MADE DURING THIS FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCORDING TO THE BYLAWS, PHI MU HOUSING CORPORATION IS THE SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBER IS AUTHORIZED TO NOMINATE AND APPROVE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBER IS AUTHORIZED TO APPROVE BYLAW REVISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATIONS OFFICERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OFFICERS AND EMPLOYEES ARE REQUIRED TO CONFIRM ANNUALLY ANY POTENTIAL CONFLICTS. IN THE INTERIM, DIRECTORS REPORT ANY POTENTIAL CONFLICTS WHICH ARE EVALUATED BY THE OFFICERS. IF AN OFFICER IS A PARTY TO THE POTENTIAL CONFLICT, THEY ARE RECUSED FROM THE DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PRESIDENT AND TREASURER EVALUATE THE EMPLOYEES PERFORMANCE ON AN ANNUAL BASIS AND DETERMINE ANY WAGE INCREASES BASED ON MERIT. ADDITIONALLY, THE PRESIDENT AND TREASURER GATHER AVAILABLE MARKET DATA FOR SIMILAR POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ROUNDING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Unrelated business income explanation Part V line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PHI MU FRATERNITY HOUSING CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ALPHA BETA CHAPTER OF PHI MU FRAT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2PHI MU FRATERNITY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0620798908
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1581380247
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2620533776
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0400 WESTPARK DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1792 W MAPLE STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2400 WESTPARK DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Peachtree City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Fayetteville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Peachtree City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1AR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030269
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd172701
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd230269
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0INFORMATION INCLUDED ON ANOTHER SCHEDULE
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0Explanation of information on Schedule R
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011692357
IRS990/TotalAssetsEOYAmt011702813
IRS990/TotalAssetsGrp/BOYAmt011692357
IRS990/TotalAssetsGrp/EOYAmt011702813
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01598309
IRS990/TotalFunctionalExpensesGrp/TotalAmt01598309
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09669081
IRS990/TotalLiabilitiesEOYAmt09337947
IRS990/TotalLiabilitiesGrp/BOYAmt09669081
IRS990/TotalLiabilitiesGrp/EOYAmt09337947
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02023276
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02364866
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01598309
IRS990/TotalProgramServiceRevenueAmt01913018
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01939898
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01939898
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011692357
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011702813
IRS990/TotReportableCompRltdOrgAmt00

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