Phi Sigma Lambda Inc
Nonprofit profile at a glance
- EIN
- 743186378
- IRS 990-EZ coverage
- 2009–2012
- Forms available
- Form 990-EZ 2012
- Location
- Athens, GA, USA
- Phone
- 7708803428
- Rating confidence
- Limited
- Sector
- Student Sororities, Fraternities
Reported finances
- Revenue
- $80,334
- Expenses
- $103,517
- Assets
- $194,318
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
2 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the fraternity shall be to promote undergraduate chapters and to enhance the development of godliness and education of undergraduate members.
What it reported doing in 2012
Main parties--the main parties are extremely large, creative theme parties held two or three times a semester. The number of students attending ranges between 500 to 1000 and we are experiencing continual growth. The goal of these large events is to provide an alternative to the binge-drinking scene at the university of Georgia. College students have a need for community; a place to hang out with other students where they can find friends and feel safe. We have more than 30 letters from students stating that our parties offer them a fun, non-alcoholic, drug free, clean dancing environment where they can meet other students and form friendships. Students, especially girls feel safe and feel no pressure to compromise their standards. We have seen that most actually have raised their standards because of attending our parties. By attending, the freshmen and other students can clearly see that they have a choice to steer clear of the college drinking scene and come into an environment where there is no peer pressure and no opportunities for regret.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 27
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -28.9%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 1.88; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: -9.6% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: -3.6% per year; rating input score 0; 38th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments
- Leadership: top reported pay $38K · 2 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2009 to 2012
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Growth: Asset growth scored 0/100.