2024-10-30T07:45:54-05:00 2024-06-30 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2023-07-01 205942561 PHI SIGMA SIGMA FOUNDATION INC PHIS 4107991224 1213 LIBERTY RD STE J 335 ELDERSBURG MD 21784 VANESSA FREEMAN ZERHUSEN PRESIDENT 4107991224 2024-10-29 1 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2024-10-29 2023 2024-10-15 13:58:12Z VANESSA FREEMAN ZERHUSEN 1213 LIBERTY RD STE J 335 ELDERSBURG MD 21784 2266445 0 X WWW.PHISIGMASIGMA.ORG/FOUNDATION X 2006 MD RAISE FUNDS FOR THE PURPOSE OF PROVIDING EDUCATIONAL GRANTS, SCHOLARSHIPS, LEADERSHIP, EDUCATIONAL PROGRAMMING & SUPPORT OF CHARITABLE ORGANIZATIONS. 6 6 0 15 0 0 419295 497686 0 0 96261 164197 12789 284 528345 662167 323224 468989 0 0 0 0 0 0 41033 171999 176127 495223 645116 33122 17051 4004353 4306002 194835 160946 3809518 4145056 RAISE FUNDS FOR THE PURPOSE OF PROVIDING EDUCATIONAL GRANTS, SCHOLARSHIPS, LEADERSHIP, EDUCATIONAL PROGRAMMING & SUPPORT OF CHARITABLE ORGANIZATIONS. 0 0 471184 468989 SUPPORTED LEADERSHIP TRAINING FOR CHAPTERS. AWARDED $468,989 IN EDUCATIONAL GRANTS, SCHOLARSHIPS AND ASSISTANCE. 471184 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X X MICHELLE ARDERN 4107991224 1213 LIBERTY RD STE J 335 ELDERSBURG MD 21784 VANESSA FREEMAN ZERHUSEN PRESIDENT 5.00 X X 0 0 0 MELISSA SYLVESTER VICE PRESIDENT 5.00 X X 0 0 0 MELANIE BOONE TREASURER 3.00 X X 0 0 0 MARCIE BERSON DIRECTOR 1.00 X 0 0 0 LISA DAMORE DIRECTOR 1.00 X 0 0 0 GINA KERLEY DIRECTOR 1.00 X 0 0 0 MICHELLE ARDERN EXECUTIVE DIRECTOR 5.00 40.00 X 0 143218 5091 0 143218 5091 0 0 0 0 0 149006 348680 200 497686 110655 110655 1657820 1604278 53542 53542 53542 OTHER INCOME 900099 284 284 284 662167 0 0 164481 378889 378889 90100 90100 4126 4126 18500 18500 37223 37223 1065 1065 28208 24 6886 21298 25003 228 13220 11555 6451 6451 5520 5520 10157 10157 REIMBURSED STAFF SUPPOR 39874 1943 29751 8180 645116 471184 132899 41033 154028 118367 571856 789675 826 0 27603 11041 22082 16562 3255561 3381398 4004353 4306002 10750 0 150000 148759 34085 12187 194835 160946 X 1365156 1634181 2444362 2510875 3809518 4145056 4004353 4306002 17051 318487 0 X X 0 1 X 1 0 X 840990 381976 420246 419295 497686 2560193 840990 381976 420246 419295 497686 2560193 118234 2441959 59174 70016 51189 85049 110655 376083 12231 51050 11781 284 75346 3011622 0.81080 0.85410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27603 11041 16562 16562 DUE TO PHI SIGMA SIGMA 118 DUE TO NATIONAL HOUSING CORPORATION 12069 12187 X 943431 318487 318487 624944 37223 37223 662167 607893 0 607893 37223 37223 645116 PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION OTHER THAN A PRIVATE FOUNDATION AND IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND SIMILAR STATE LAW. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH JUNE 30, 2023 AND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. HOWEVER, AS OF THE DATE THE FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED, THERE WERE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). 1 PHI SIGMA SIGMA NATIONAL HOUSING CORPORATION 1213 LIBERTY ROAD STE J 335 ELDERSBURG MD 21784 650434520 501(C)(7) 59317 0 HOUSING EDUCATION PHI SIGMA SIGMA INC 1213 LIBERTY ROAD STE J 335 ELDERSBURG MD 21784 530220898 501(C)(7) 241504 0 LEADERSHIP AND EDUCATION UNIT 5 EDUCATIONAL FOUNDATION 1809 WEST HOVEY AVE NORMAL IL 61761 15000 0 PROGRAM SUPPORT 1 2 EDUCATIONAL ASSISTANCE 85 85100 COMPASSION GRANT 1 5000 PART I, LINE 2: INDIVIDUAL GRANTS- A COMMITTEE OF BOARD MEMBERS REVIEW THE SUBMITTED APPLICATIONS FOR ELIGIBILITY BASED ON FINANCIAL NEED, ACADEMIC STANDING, COMMUNITY SERVICE AND SERVICE TO THE FRATERNITY, AND SELECT THE MOST QUALIFIED APPLICANTS. THESE ONE TIME GRANTS AND SCHOLARSHIPS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION. FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO THE FOUNDATIONS ARTICLES OF INCORPORATION AND BYLAWS, ANY DIRECTOR ELECTED OR APPOINTED BY THE SUPREME COUNCIL OF THE FRATERNITY MAY BE REMOVED AT ANY TIME, WITH OR WITHOUT CAUSE BY THE SUPREME COUNCIL OF THE FRATERNITY AND ANY DIRECTOR ELECTED BY A MAJORITY VOTE OF THE FOUNDATION BOARD OF DIRECTORS MAY BE REMOVED WITH OR WITHOUT CAUSE BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN A) THE NAMES OF PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE GOVERNING BOARDS OR COMMITTEES DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. B) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION INCLUDING ANY ALTERNATIVES TO THE PROPOSAL TRANSACTION OR ARRANGEMENT AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. FORM 990, PART VI, SECTION B, LINE 11B ACCORDING TO THE FOUNDATIONS BYLAWS, THE EXECUTIVE COMMITTEE, CONSISTING OF THE TREASURER AND OTHER MEMBERS APPOINTED BY THE PRESIDENT, SHALL REPORT TO THE BOARD ON THE FINANCIAL AFFAIRS OF THE FOUNDATION AND REVIEW ISSUES RELATED TO FISCAL PLANNING, BUDGET FORMULATION AND RECOMMENDATIONS FISCAL CONTROLS, AUDITS, INVESTMENTS, FEE AND GRANT SOLICITATION. THE RETURN PREPARER SENDS THE 990 TO THE TREASURER WHO THEN REVIEWS IT WITH THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE FOUNDATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR COMPENSATION IS PAID BY A RELATED ENTITY, PHI SIGMA SIGMA FRATERNITY. THAT ORGANIZATION USES RELEVANT MARKET DATA FROM PUBLISHED SURVEYS IN DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUESTS FOR INFORMATION ARE SHARED WITH THE FOUNDATION PRESIDENT, WHO ENSURES ALL RESPONSES ARE PROVIDED. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PHI SIGMA SIGMA INC 1213 LIBERTY RD STE J 335 ELDERSBURG MD 21784 530220898 WOMENS FRATERNAL ORGANIZATION MD 501(C)(7) N/A 0 PHI SIGMA SIGMA NATIONAL HOUSING CORPORATION 1213 LIBERTY RD STE J 335 ELDERSBURG MD 21784 650434520 FRATERNAL HOUSING FL 501(C)(7) PHI SIGMA SIGMA INC 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 PHI SIGMA SIGMA NATIONAL HOUSING CORPORATION B 59317 COST PHI SIGMA SIGMA INC B 241504 COST PHI SIGMA SIGMA INC O 39874 COST PHI SIGMA SIGMA INC C 149006 COST PHI SIGMA SIGMA INC P 17181 COST