Civic Intelligence

Arkansas Chapter of Phi Mu Fraternity House Corp

990 • Fiscal year 2024 • EIN 82-0719123

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 24, 2024

2740 E 41st STREETTulsa, OK 74105

(918) 671-7343

Siviq Scores

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

Liabilities / Assets

95th percentile

0.83x

Higher debt load relative to assets than 95% of similar nonprofits.

2024 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

4.20x

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

2024 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2024

Net Margin

94th percentile

32%

Higher net margin than 94% of similar nonprofits.

2024 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2024 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2024

Asset Growth

29th percentile

1.1%

Faster asset growth than 29% of similar nonprofits.

2024 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

50%

Faster revenue growth than 95% of similar nonprofits.

2024 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$11,692,357

Up $125,178 (+1.1%) from 2023

Net Assets

Up

$2,023,276

Up $743,787 (+58%) from 2023

Liabilities

Down

$9,669,081

Down $618,609 (-6.0%) from 2023

Revenue

Up

$2,302,722

Up $762,672 (+50%) from 2023

Expenses

Up

$1,558,934

Up $11,539 (+0.7%) from 2023

Net Income

Up

$743,788

Up $751,133 (+10226%) from 2023

Historical Trend

Balance Sheet Trend

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

$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

2024

Assets$11,692,357
Liabilities$9,669,081
Net Assets$2,023,276

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2024

Revenue$2,302,722
Expenses$1,558,934
Net Income$743,788
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 24, 2024
Return Version
2023v6.0
Gross Receipts
$2,302,722
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$10,818,367$10,459,994▼ $358,373
Cash and Non-Interest-Bearing Accounts$748,812$976,363▲ $227,551
Prepaid Expenses and Deferred Charges-$256,000-
Total Assets$11,567,179$11,692,357▲ $125,178
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,471,846$7,894,609▼ $577,237
Other Liabilities$1,657,730$1,619,702▼ $38,028
Unsecured Notes Loans Payable$158,114$154,770▼ $3,344
Total Liabilities$10,287,690$9,669,081▼ $618,609
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,279,489$2,023,276▲ $743,787
Total Net Assets Fund Balance$1,279,489$2,023,276▲ $743,787
Total Liabilities and Net Assets / Fund Balance$11,567,179$11,692,357▲ $125,178

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,246,313$1,895,779$12,142,092
Other Land Buildings$213,681$256,460$470,141
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$600,000
Program Service Revenue
$1,683,197
Investment Income
$16,876
Other Revenue
$2,649
All Other Contributions
$600,000
Change in Net Assets
$743,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,500,191
Salaries, Compensation, and Employee Benefits$58,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$358,373--$358,373
Interest$326,993--$326,993
Other Expenses$112,475--$112,475
Other Salaries and Wages$53,669--$53,669
Office Expenses$51,354--$51,354
Insurance$28,137--$28,137
Payroll Taxes$5,074--$5,074
Occupancy$2,839--$2,839
Fees for Services Accounting$2,212--$2,212
Total Functional Expenses$1,558,934$0$0$1,558,934
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$1,576,103
Room Deposits$30,725
Prepaid Housing and Parlor Fees$12,874
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 potentialconflict, 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
Address
2740 E 41st STREET, Tulsa, OK 74105

Signing Officer

Name
Cathy Rogers Gates
Title
Treasurer
Phone
9186717343
Signed
2024-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Virginia Rainwater Cox
Formed
2017
Legal Domicile
Ar
Voting Board Members
9
Independent Board Members
9
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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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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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0213681
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0256460
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0470141
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01576103
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt130725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt212874
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NATIONAL HOUSE CORP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ROOM DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID HOUSING AND PARLOR FEES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010459994
IRS990ScheduleD/TotalLiabilityAmt01619702
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 POTENTIALCONFLICT, 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/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PHI MU FRATERNITY HOUSING CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ALPHA BETA CHAPTER OF PH MU FRATERN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2PHI MU FRATERNITY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0620798908
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1581380247
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2620533776
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501 C7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1AR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING CORP FOR FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SOCIAL SORORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2FRATERNAL HEADQUARTERS
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011567179
IRS990/TotalAssetsEOYAmt011692357
IRS990/TotalAssetsGrp/BOYAmt011567179
IRS990/TotalAssetsGrp/EOYAmt011692357
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0600000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01558934
IRS990/TotalFunctionalExpensesGrp/TotalAmt01558934
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010287690
IRS990/TotalLiabilitiesEOYAmt09669081
IRS990/TotalLiabilitiesGrp/BOYAmt010287690
IRS990/TotalLiabilitiesGrp/EOYAmt09669081
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01279489
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02023276
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01558934
IRS990/TotalProgramServiceRevenueAmt01683197
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01702722
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02302722
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011567179
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011692357
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0158114
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0154770
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0792 W MAPLE
IRS990/USAddress/CityNm0Fayetteville
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072701
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CATHY ROGERS GATES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09186717343
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARKANSAS CHAPTER OF PHI MU FRATERNITY HOUSE CORP
ReturnHeader/Filer/BusinessNameControlTxt0ARKA
ReturnHeader/Filer/EIN0820719123

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