Nonprofit · EIN 11-1709989
PHI BETA SIGMA FRATERNITY INC
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,033,530 | $4,060,281 | $973,249 | $13,964,844 | $5,925,968 | $8,038,876 |
| December 31, 2023 | 990 | $7,721,840 | $6,132,782 | $1,589,058 | $10,983,848 | $3,974,909 | $7,008,939 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,209,535
- Investment income
- $229,811
- Royalties
- $203,622
- Net income from sales of inventory
- $263,098
- Other revenue
- $594,184
Expenses
- Grants and similar amounts paid
- $235,000
- Compensation of officers, directors and key employees
- $160,140
- Other salaries and wages
- $740,402
- Salaries, compensation and benefits (total)
- $1,120,137
- Professional fundraising fees
- $0
- Legal fees
- $10,107
- Accounting fees
- $50,005
- Occupancy
- $198,367
- Travel
- $323,610
- Depreciation
- $37,867
Balance sheet and other
- Total assets, start of year
- $10,983,848
- Total assets, end of year
- $13,964,844
- Total liabilities, end of year
- $5,925,968
- Net assets, end of year
- $8,038,876
- Land, buildings and equipment
- $1,671,680
- Publicly traded securities
- $4,152,672
- Net assets without donor restrictions
- $8,038,876
- Gross receipts
- $5,421,585
- Employees
- 15
- Volunteers
- 50
- Year formed
- 1914
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARYL A ANDERSON SR | INTERNATIONAL EXECUTIVE DIRECTOR Officer | 40 | $124,743 | $35,397 |
| WILLIAM J FRASIER JR | INTERNATIONAL TREASURER Trustee or director, Officer | 20 | $0 | $0 |
| CHRIS V REY JD | INTERNATIONAL PRESIDENT Trustee or director, Officer | 15 | $0 | $0 |
| DAVID TURNER | INTERNATIONAL 1ST VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL E CRISTAL | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| KENNEDY BARNES | LEGAL COUNSEL Trustee or director, Officer | 5 | $0 | $0 |
| CHARLES JONES | GREAT LAKES REGIONAL DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| ETHAN MCLEAN | INTL SECOND VICE PRES Trustee or director, Officer | 5 | $0 | $0 |
| MONALETO IRBY | DIR OF COLLEGIATE AFFS Trustee or director, Officer | 5 | $0 | $0 |
| ARNESS GEORGETOWN | COLLEGIATE MBR AT LG Trustee or director, Officer | 5 | $0 | $0 |
| TERRANCE GIBSON | INTERNATIONAL DIR OF BIGGER & BETTER BUSINESS Trustee or director, Officer | 5 | $0 | $0 |
| BRO KENNETH STRAUGHTER | SOUTHERN REGION DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| RAMSEY COOPER | IMMEDIATE PAST DIRECTOR (EASTERN REGION) Trustee or director, Officer | 5 | $0 | $0 |
| NIGEL COELHO | EASTERN REGION DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| RICHARD BOONE | SOUTHEASTERN REGIONAL DIRECTOR Trustee or director | 5 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDON HILL | SOUTHWESTERN REGIONAL DIRECTOR Trustee or director | 5 | $0 |
| JAMES R REEVES | EASTERN REGIONAL DIR. (UNTIL 04/24) Trustee or director | 5 | $0 |
| ERRICK FARMER | SOUTHERN REGIONAL DIR. (UNTIL 04/24) Trustee or director | 5 | $0 |
| MALWAN JOHNSON | DIRECTOR OF SOCIAL ACTION Trustee or director | 5 | $0 |
| EARL GAMBLE | GULF COAST REGIONAL DIRECTOR Trustee or director | 5 | $0 |
| SIDNEY JACKSON JR | WESTERN REGIONAL DIRECTOR Trustee or director | 5 | $0 |
| DR EMMANUEL ROWE | DIRECTOR OF EDUCATION Trustee or director | 5 | $0 |
| KEITH PITTS | DISTINGUISHED SERVICE REPRESENTATIVE Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARYL A ANDERSON SR | INTERNATIONAL EXECUTIVE DIRECTOR Officer | 40 | $131,740 | $26,468 |
| WILLIAM J FRASIER JR | INTERNATIONAL TREASURER Trustee or director, Officer | 20 | $0 | $0 |
| CHRIS V REY JD | INTERNATIONAL PRESIDENT Trustee or director, Officer | 15 | $0 | $0 |
| DAVID TURNER | INTERNATIONAL 1ST VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| MAX MCDANIEL | 2ND VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL E CRISTAL | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| KENNEDY BARNES | LEGAL COUNSEL Trustee or director, Officer | 5 | $0 | $0 |
| CHARLES JONES | GREAT LAKES REGIONAL DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| ETHAN MCLEAN | INTL SECOND VICE PRES (AS OF 7/23) Trustee or director, Officer | 5 | $0 | $0 |
| MONALETO IRBY | DIR OF COLLEGIATE AFFS (AS OF 7/23) Trustee or director, Officer | 5 | $0 | $0 |
| ARNESS GEORGETOWN | COLLEGIATE MBR AT LG (AS OF 7/23) Trustee or director, Officer | 5 | $0 | $0 |
| SIDNEY JACKSON | WESTERN REGIONAL DIRECTOR Trustee or director | 5 | $0 | $0 |
| RICHARD BOONE | SOUTHEASTERN REGIONAL DIRECTOR Trustee or director | 5 | $0 | $0 |
| BRANDON HILL | SOUTHWESTERN REGIONAL DIRECTOR Trustee or director | 5 | $0 | $0 |
| JR REEVES | EASTERN REGIONAL DIRECTOR Trustee or director | 5 | $0 | $0 |
| ERRICK FARMER | SOUTHERN REGIONAL DIRECTOR Trustee or director | 5 | $0 | $0 |
| THEOPOLIS WOODWARD | DIST SERVICE CHAPTE Trustee or director | 5 | $0 | $0 |
| JARED JACKSON | COLLEGIATE MEMBER-AT-LARGE Trustee or director | 5 | $0 | $0 |
| SHAWN ADAMS | COLLEGIATE MEMBER-AT-LARGE Trustee or director | 5 | $0 | $0 |
| JOSHUA A BUSBY | DIRECTOR OF COLLEGIATE AFF Trustee or director | 5 | $0 | $0 |
| MALWAN JOHNSON | DIRECTOR OF SOCIAL ACTION Trustee or director | 5 | $0 | $0 |
| TERRANCE GIBSON | INTERNATIONAL DIR OF BIGGER & BETTER BUSINESS Trustee or director | 5 | $0 | $0 |
| MARCUS CHANAY | DIRECTOR OF EDUCATION Trustee or director | 5 | $0 | $0 |
| EARL GAMBLE | GULF COAST REGIONAL DIRECTOR Trustee or director | 5 | $0 | $0 |
| SIDNEY JACKSON JR | WESTERN REGIONAL DIRECTOR Trustee or director | 5 | $0 | $0 |
| JAMES R REEVES | EASTERN REGIONAL DIRECTOR Trustee or director | 5 | $0 | $0 |
| DR EMMANUEL ROWE | DIRECTOR OF EDUCATION (AS OF 7/23) Trustee or director | 5 | $0 | $0 |
| THEOPOLIS WOODWARD | DIST. SERVICE CHAPTER REPRESENTATIVE (AS OF Trustee or director | 5 | $0 | $0 |
| JARED JACKSON | COLLEGIATE MBR-AT-LG (AS OF 7/23) Trustee or director | 5 | $0 | $0 |
| KEITH PITTS | DISTINGUISHED SERVICE REPRESENTATIVE Trustee or director | 5 | $0 | $0 |
| VANDERBILT THOMPSON | COLLEGIATE MBR-AT-LARGE (UNTIL 7/23) Trustee or director | 5 | $0 | $0 |
| JOSHUA A BUSBY | DIR OF COLLEGIATE AFFS (UNTIL 7/23) Trustee or director | 5 | $0 | $0 |
| MARCUS CHANAY | DIRECTOR OF EDUCATION (UNTIL 7/23) Trustee or director | 5 | $0 | $0 |
| MAX MCDANIEL | 2ND VICE PRESIDENT (UNTIL 7/23) Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1025 CONNECTICUT AVENUE NW SUITE 91, WASHINGTON, DC 20036-5405
- Principal officer (990 for 2024)
- PHILLIP COCKRELL, 1025 CONNETICUT AVE NW - STE 917, WASHINGTON, DC 20011
- Signed the 990
- WILLIAM J FRASIER JR, INTERNATIONAL TREASURER
- Phone
- (202) 726-5434
- Website
- WWW.PHIBETASIGMA1914.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE BROTHERS OF PHI BETA SIGMA ARE THE FRATERNITY'S MOST VALUABLE RESOURCE AND STRENGTH. THEY ARE THE PRIMARY MEANS BY WHICH THE PHI BETA SIGMA OBJECTIVES WILL BE ACHIEVED. IN ORDER TO ACCOMPLISH THE FRATERNITY'S OBJECTIVES, IT IS ESSENTIAL THAT SYSTEMS ARE INSTITUTED THAT EFFECTIVELY EMBODY "CULTURE FOR SERVICE AND SERVICE FOR HUMANITY AND PROMOTE BROTHERHOOD, SCHOLARSHIP AND SERVICE.
Program accomplishments
- CONGRESSIONAL BLACK CAUCUS /SIGMA WEEK ON CAPITOL HILL:FORUM DISCUSSION "REAL TALK" ON VARIOUS SUBJECT MATTERS PERTAINING TO THE STATE OF THE AFRICAN AMERICAN MALE. IN ADDITION, 20-25 MEMBERS OF THE FRATERNITY MEET WITH MEMBERS OF CONGRESS (20-25 CONGRESSIONAL LEADERS)
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-1709989
- Tax-exempt status
- 501(c)(10): Domestic fraternal society
- Donations deductible (Pub 78)
- Organization other than a public charity or private foundation; Fraternal lodge, deductible only for charitable purposes
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,964,844
- Income (IRS master file)
- $5,421,585
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,033,530 | $4,060,281 | $13,964,844 | IRS |
| 990 | December 2023 | $7,721,840 | $6,132,782 | $10,983,848 | XML |
| 990 | December 2022 | $4,375,051 | $3,215,471 | $10,895,468 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-1709989).
Questions about PHI BETA SIGMA FRATERNITY INC
- What is the EIN of PHI BETA SIGMA FRATERNITY INC?
- The employer identification number (EIN) of PHI BETA SIGMA FRATERNITY INC is 11-1709989.
- Is PHI BETA SIGMA FRATERNITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(10) since 1974.
- Are donations to PHI BETA SIGMA FRATERNITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation; Fraternal lodge, deductible only for charitable purposes).
- Which annual return does PHI BETA SIGMA FRATERNITY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHI BETA SIGMA FRATERNITY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHI BETA SIGMA FRATERNITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PHI BETA SIGMA FRATERNITY INC?
- The 990 for the year ended December 31, 2024 names PHILLIP COCKRELL.
- Who are the officers and directors of PHI BETA SIGMA FRATERNITY INC?
- The 990 for the year ended December 31, 2024 lists 23 people; 1 received compensation from the organization, the highest $124,743 (DARYL A ANDERSON SR, INTERNATIONAL EXECUTIVE DIRECTOR).
- How much revenue does PHI BETA SIGMA FRATERNITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,033,530, expenses of $4,060,281 and total assets of $13,964,844 at year end.
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