Phi Sigma Society Beta Lambda Chapter in Normal, Illinois (IL)
Table of contents:
| Phi Sigma Society Beta Lambda Chapter | |
| Employer Identification Number (EIN) | 237414614 |
| Name of Organization | Phi Sigma Society Beta Lambda Chapter |
| Address | Illinois State Univ Campus Box 4120, Normal, IL 61790-0001 |
| Activities | Fraternity or sorority |
| Subsection | Educational Organization |
| Ruling Date | 07/1975 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $35,266 |
| Amount of Income | $83,070 |
| Form 990 Revenue Amount | $25,805 |
Non-representatives - add comments:
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $36,808 | $28,793 | $33,594 | $25,805 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $1,820 | $2,840 | $4,509 | $3,839 |
| Investment income | $19 | $13 | $96 | $8 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $34,969 | $25,940 | $28,989 | $21,958 |
| Gross sales of inventory, less returns and allowances | $62,455 | $43,263 | $61,992 | $79,223 |
| Less: cost of goods sold | $27,436 | $17,323 | $33,003 | $57,265 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $23,303 | $35,187 | $26,865 | $27,884 |
| Total net assets | $37,216 | $30,816 | $37,345 | $35,266 |
| Excess/Deficit for the year | $13,505 | $-6,394 | $6,729 | $-2,079 |
| Net assets or fund balances at beginning of year | $23,711 | $37,210 | $30,616 | $37,345 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $37,545 | $35,266 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $37,216 | $30,816 | $37,345 | $35,266 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $37,216 | $30,816 | $37,345 | $35,266 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $15,178 |
| Subtotal Support | $15,178 |
| Gifts, grants, contributions, and membership fees received | $15,178 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $386,766 |
| Public Support | $15,178 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $158 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $371,430 |
| Gross receipts from related activities, etc. | $0 |
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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Phi Kappa Psi Fraternity, Illinois Delta Chapter | 911 S 4th St, Champaign, IL 61820-6115 | IL | 1941-01 | $378,112 |
| 2 | Phi Kappa Sigma Alpha Epsilon | 1327 W George St 1, Chicago, IL 60657 | IL | 1945-06 | $0 |
| 3 | Phi Kappa Sigma Fraternity, Alpha Epsilon Chapter | 3366 S Michigan Ave, Chicago, IL 60616-3818 | IL | 1940-12 | $261,397 |
| 4 | Phi Kappa Sigma Fraternity, Rho Chapter | 309 E Green St Apt 1102, Champaign, IL 61820-5874 | IL | 1940-12 | $115,618 |
| 5 | Resident Council Of The Gamma Mu Chapter Of Phi Kappa Tau Fraternit | 1511 W Fredonia Ave, Peoria, IL 61606-2409 | IL | 2014-11 | $209,019 |
| 6 | Phi Kappa Tau Gamma Mu House Corp | 722 S Sara Ct, Dunlap, IL 61525-9635 | IL | $37,162 | |
| 7 | Phi Kappa Theta Fraternity-Beta Delta Alumni Association | 401 E Springfield Ave, Champaign, IL 61820-5406 | IL | 1972-06 | $130,599 |
| 8 | Phi Sigma Kappa Fraternity, 212 Pi Pentaton Chapter | 1300 Blackhawk Rd, Dekalb, IL 60115-1308 | IL | 1971-08 | $146,154 |
| 9 | Phi Sigma Kappa, Alpha Deuteron Chapter | 1004 S 2nd St, Champaign, IL 61820-6622 | IL | 1968-09 | $286,188 |
| 10 | Phi Sigma Kappa, 212 Psk Alumni Assn Of N Il | 2 Trans Am Plaza Dr, Oakbrook Terrace, IL 60181-4823 | IL | 1940-12 | $315,735 |
| 11 | Phi Sigma Society Beta Lambda Chapter | Illinois State Univ Campus Box 4120, Normal, IL 61790-0001 | IL | 1975-07 | $83,070 |
| 12 | Philanthropia Society | 222 S Morgan St Ste 3d, Chicago, IL 60607-3093 | IL | 2003-10 | $53,500 |
| 13 | Philena R Peabody Lloyd Trust-Will 34608 | PO BOX 803878, Chicago, IL 60680-3878 | IL | 1956-12 | $38,717 |
| 14 | Philharmonic Society Of Belleville | 116 N Jackson St, Belleville, IL 62220-1427 | IL | 1947-10 | $67,077 |
| 15 | Philip & Ellen Arnold Charitable Foundation | 743 Prestbury Ct, Northbrook, IL 60062-8100 | IL | 1987-12 | $587 |
| 16 | Philip & Fannie Morris Foundation | 1153 W Bedford Dr, Palatine, IL 60067-5803 | IL | 1954-08 | $13,905 |
| 17 | Philip & Myn Rootberg Foundation | 225 W Wacker Dr Ste 2500, Chicago, IL 60606-2228 | IL | 1972-02 | $253,617 |
| 18 | Philip And Syvia Spertus Supporting Foundation, C-O David S Rosen | 30 South Wells No 4049, Chicago, IL 60606-5054 | IL | 1993-04 | $1,553 |
| 19 | Philip H Corboy Foundation | 33 N Dearborn St Ste 2100, Chicago, IL 60602-3192 | IL | 1983-07 | $5,506,950 |
| 20 | Philippine Basketball League Pbl Of Glendale Hts | 4770 Green Bridge Ln, Hanover Park, IL 60133-2931 | IL | 2009-05 | $84,552 |
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