Phi Mu Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 626042543 ✦ Peachtree city, GA ✦ Designated as a 501(c)(3)

Overview

What is Phi Mu Foundation Inc?

Phi Mu Foundation Inc, based in Peachtree City, Georgia, is a nonprofit organization dedicated to the lifelong development of women. They achieve this mission by granting scholarships, offering member assistance, and supporting leadership programs. Each academic year, they award over 100 scholarships, some of which are merit-based, while others are need-based or have specific criteria such as chapter affiliation, field of study, state of residence, or college. In addition, the foundation provides emergency grants for Phi Mu Fraternity members experiencing financial hardship due to natural disasters, medical emergencies, or personal crises. Furthermore, the foundation supports Phi Mu Fraternity's initiatives by funding premier, values-based programs like Greek Life Edu, Phi Mu Leadership Institute, and the Chapter Consultant Program. With a staff of eight, Phi Mu Foundation Inc plays a significant role in the education and empowerment of women.


Official website here: www.phimufoundation.org

Is Phi Mu Foundation Inc legitimate?

Phi Mu Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phi Mu Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $110,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $450,885

For more financial information, click here


Official website here: www.phimufoundation.org

What is the mission statement of Phi Mu Foundation Inc?

The Phi Mu Foundation's mission is centered around the lifelong development of women. This is achieved through supporting various programs that focus on leadership, scholarship, philanthropy, education, and historical preservation. The organization awards over 100 scholarships annually, both merit-based and need-based, and provides emergency grants for members facing financial distress due to various personal or family issues. Additionally, the Foundation supports educational and leadership initiatives by granting funds to Phi Mu Fraternity for the development of valuable programs.


Official website here: www.phimufoundation.org

Who is the CEO of Phi Mu Foundation Inc?

Kristin Tofanelli is the Executive Di of Phi Mu Foundation Inc.


Official website here: www.phimufoundation.org

What is the revenue of Phi Mu Foundation Inc?

Phi Mu Foundation Inc's revenue in 2022 was $1,619,138.


Official website here: www.phimufoundation.org

Who are the executives of Phi Mu Foundation Inc and what are their salaries?

The average compensation at Phi Mu Foundation Inc during 2022 was $70,138. There are 8 employees and 74 volunteers at Phi Mu Foundation Inc.

Here are 14 key members and their salaries:

    Kristin Tofanelli (Executive Di) [Trustee/Director]
  • Compensation: $110,217
  • Related: $0
  • Other: $0

    • Mandi Young (Director Of)
  • Compensation: $103,831
  • Related: $0
  • Other: $0

    • Robin Benoit (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robin White Fanning (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pamela Ferguson-Gaines (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jen Free (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Chapman Joyner (Secretary/Tr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrea Burchett Kash (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Denise Mcdermott (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Danita Morgan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vicki Ryan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shannon Byrnes Weaver (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jen Wu (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Romeo Young (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.phimufoundation.org

    Where can I find the form 990 for Phi Mu Foundation Inc?

    The Phi Mu Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.phimufoundation.org

    Learn more at the official website: www.phimufoundation.org

    Mission Statement of Phi Mu Foundation Inc

    Phi Mu Foundation Inc is dedicated to fostering the lifelong growth and development of women. This is accomplished through the support of Phi Mu's leadership, scholarship, philanthropic, educational programs, and historic preservation initiatives. The foundation awards over 100 graduate and undergraduate scholarships annually, with some scholarships being specific to certain chapters, fields of study, states, or colleges. The scholarships can be merit-based or need-based, providing financial assistance to Phi Mu Fraternity members who encounter financial distress due to various personal or family issues.

    In addition to the scholarship programs, Phi Mu Foundation Inc also offers emergency grants to assist collegiate and alumnae members facing challenges such as natural disasters, medical emergencies, or severe personal or family issues. Furthermore, the foundation supports the educational and leadership initiatives of Phi Mu Fraternity by providing grants for the development of premier, values-based programming. This includes programs like Greek Life Ed, Phi Mu Leadership Institute, and the Chapter Consultant Program. By investing in these initiatives, Phi Mu Foundation Inc contributes to the personal and professional growth of its members, promoting a lifetime of development and opportunities.

    Impact

    This information is meant to be a general summary of Phi Mu Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Phi Mu Foundation Inc's impact is significant in supporting the lifetime development of women through its leadership, scholarship, philanthropic, educational programs, and historic preservation initiatives. The Foundation awards over 100 graduate and undergraduate scholarships each academic year, providing opportunities for women to further their education and achieve their goals. Additionally, the Foundation offers emergency grants to members facing financial distress due to various circumstances, ensuring they have the support they need to overcome challenges.

    Furthermore, Phi Mu Foundation Inc contributes to educational and leadership initiatives by awarding grants to Phi Mu Fraternity for the development of values-based programming such as Greek Life Edu, Phi Mu Leadership Institute, and the Chapter Consultant Program. By investing in these programs, the Foundation empowers women to enhance their leadership skills and make a positive impact in their communities. Overall, Phi Mu Foundation Inc plays a crucial role in advancing women's education, leadership development, and personal growth.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $134,718
  • Program Service Revenue: $0
  • Gross Receipts: $3,721,351

    • Assets and Liabilities:
  • Total Assets: $11,103,093
  • Total Liabilities: $59,352
  • Net Assets: $11,043,741
  • Organization Details

    Founding Year

    1957

    Principal Officer

    Kristin Tofanelli

    Main Address

    400 WESTPARK DRIVE, PEACHTREE CITY, GA, 30269

    NTEE Category

    Code: B83 - Education

    If you are a representative of Phi Mu Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.