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  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-08-04T12:56:55-07:00</Timestamp>
    <TaxPeriodEndDate>2013-05-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Turner and Patat PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>1165-A Cedar Shoals Dr</AddressLine1>
        <City>Athens</City>
        <State>GA</State>
        <ZIPCode>306053592</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2012-06-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>743186378</EIN>
      <Name>
        <BusinessNameLine1>PHI SIGMA LAMBDA INC</BusinessNameLine1>
      </Name>
      <NameControl>PHIS</NameControl>
      <Phone>7708803428</Phone>
      <USAddress>
        <AddressLine1>PO BOX 49606</AddressLine1>
        <City>ATHENS</City>
        <State>GA</State>
        <ZIPCode>30601</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>CHRISTOPHER ODOM</Name>
      <Title>President &amp; CEO</Title>
      <DateSigned>2013-08-04</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>John E Patat Jr</Name>
      <PTIN>P00038819</PTIN>
      <Phone>7063541212</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="2">
    <IRS990EZ documentId="IRS990EZ" referenceDocumentId="IRS990ScheduleO TransfersPersonalBenefitsContr" softwareId="12000229" softwareVersion="2012v2.0">
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <ScheduleBNotRequired>X</ScheduleBNotRequired>
      <WebSite>phisigmalambda.com</WebSite>
      <Organization501c typeOf501cOrganization="4">X</Organization501c>
      <GrossReceipts>80334</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>79245</ContributionsGiftsGrantsEtc>
      <CostOtherBasisAndSalesExpenses>0</CostOtherBasisAndSalesExpenses>
      <FundraisingGrossIncome>0</FundraisingGrossIncome>
      <SpecialEventsDirectExpenses>0</SpecialEventsDirectExpenses>
      <CostOfGoodsSold>0</CostOfGoodsSold>
      <GroProfitLossSalesOfInventory>749</GroProfitLossSalesOfInventory>
      <OtherRevenueTotal>340</OtherRevenueTotal>
      <TotalRevenue>80334</TotalRevenue>
      <SalariesOtherCompEmplBenefits>70421</SalariesOtherCompEmplBenefits>
      <FeesAndOthPymtToIndContractors>3009</FeesAndOthPymtToIndContractors>
      <OccupancyRentUtilitiesAndMaint>1200</OccupancyRentUtilitiesAndMaint>
      <OtherExpensesTotal>28887</OtherExpensesTotal>
      <TotalExpenses>103517</TotalExpenses>
      <ExcessOrDeficitForYear>-23183</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>217501</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>194318</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartII>X</InfoInScheduleOPartII>
      <CashSavingsAndInvestments>
        <BOY>214656</BOY>
        <EOY>191775</EOY>
      </CashSavingsAndInvestments>
      <OtherAssetsTotal>
        <BOY>2845</BOY>
        <EOY>2543</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>217501</BOY>
        <EOY>194318</EOY>
      </TotalAssets>
      <NetAssetsOrFundBalances>
        <BOY>217501</BOY>
        <EOY>194318</EOY>
      </NetAssetsOrFundBalances>
      <PrimaryExemptPurpose>THE PURPOSE OF THE FRATERNITY SHALL BE TO PROMOTE UNDERGRADUATE CHAPTERS AND TO ENHANCE THE DEVELOPMENT OF GODLINESS AND EDUCATION OF UNDERGRADUATE MEMBERS.</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>FRIDAY/SATURDAY NIGHTS--FRIDAY AND SATURDAY NIGHTS THE PHI SLAM HOUSE OPENS ITS DOORS FOR GIRLS AND GUYS, THE MAJORITY BEING FRESHMEN, TO HANG OUT, KEEPING THEM AWAY FROM THE DOWNTOWN BINGE-DRINKING SCENE. WE OFFER DANCE PARTIES, AN OPEN HOUSE TO WATCH AWAY FOOTBALL GAMES, CLEAN MOVIE NIGHTS AND MANY OTHER EVENTS. THE GOAL OF FRIDAY AND SATURDAY NIGHTS IS THE SAME AS THE MAIN PARTIES: TO CREATE FRIENDSHIPS WITH OTHER STUDENTS OF A LIKE MIND AND OFFER ACTIVITIES THAT ARE AS FUN AS OR MORE FUN THAN GOING DOWNTOWN TO THE BARS.</DescriptionProgramServiceAccom>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>BROTHER NIGHT--TO FINISH OFF A LONG WEEK OF ACTIVITIES (TUESDAY NIGHT BIBLE STUDY, THURSDAY NIGHT FRESHMAN NIGHT, AND FRIDAY AND SATURDAY NIGHT EVENTS) THE PHI SLAM HOUSE IS CLOSED DOWN FOR JUST THE BROTHERS ON SUNDAY NIGHTS. THIS IS ONE OF THE ONLY TIMES THE BROTHERS GET TO SPEND WITH EACH OTHER. IT INVOLVES REJUVENATING FROM THE LONG WEEK BY EATING DINNER TOGETHER. OFTEN, AFTER DINNER WE PRAY TOGETHER, HAVE A BIBLE STUDY, OR TALK OF POSSIBLE EVENTS TO THROW IN THE FUTURE. THE GOAL OF BROTHER NIGHT IS NOT ONLY REJUVENATION BUT ALSO BUILDING THE BROTHERHOOD, UNITY AND FRIENDSHIP BETWEEN THE BROTHERS.</DescriptionProgramServiceAccom>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>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.</DescriptionProgramServiceAccom>
      </ProgramServiceAccomplishment>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>TIMOTHY FELZ</PersonName>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>27500</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>CHRISTOPHER ODOM</PersonName>
        <Title>President &amp; CEO</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>37917</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>false</OrganizationHadUBI>
      <OrganizationFiled990T>false</OrganizationFiled990T>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <OrganizationDissolvedEtc>false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <InitiationFeesAndCapitalContri>0</InitiationFeesAndCapitalContri>
      <GrossReceiptsForPublicUse>0</GrossReceiptsForPublicUse>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TheBooksAreInCareOf>
        <NamePerson>CHRIS ODOM</NamePerson>
        <AddressUS>
          <AddressLine1>PO BOX 49606</AddressLine1>
          <City>ATHENS</City>
          <State>GA</State>
          <ZIPCode>30601</ZIPCode>
        </AddressUS>
        <TelephoneNumber>7708803428</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <Form720Filed>false</Form720Filed>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionWithControlEntity>false</TransactionWithControlEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
    </IRS990EZ>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="12000229" softwareVersion="2012v2.0">
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part II, Line 24.1012</Identifier>
        <ReturnReference>Other Assets.1012</ReturnReference>
        <Explanation>Intangible Assets - Beginning $2772 Intangible Assets - Ending $2543</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part II, Line 24.1002</Identifier>
        <ReturnReference>Other Assets.1002</ReturnReference>
        <Explanation>Furniture and Fixtures - Beginning $73 Furniture and Fixtures - Ending $0</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.17</Identifier>
        <ReturnReference>Other Expenses.17</ReturnReference>
        <Explanation>FRESHMEN NIGHT $27</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.16</Identifier>
        <ReturnReference>Other Expenses.16</ReturnReference>
        <Explanation>RECRUITING $39</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.15</Identifier>
        <ReturnReference>Other Expenses.15</ReturnReference>
        <Explanation>WEBSITE $82</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.14</Identifier>
        <ReturnReference>Other Expenses.14</ReturnReference>
        <Explanation>MEETINGS $142</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.13</Identifier>
        <ReturnReference>Other Expenses.13</ReturnReference>
        <Explanation>BROTHER RETREAT $200</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.12</Identifier>
        <ReturnReference>Other Expenses.12</ReturnReference>
        <Explanation>SUMMER PROGRAM $214</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.11</Identifier>
        <ReturnReference>Other Expenses.11</ReturnReference>
        <Explanation>OFFICE SUPPLIES $230</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.10</Identifier>
        <ReturnReference>Other Expenses.10</ReturnReference>
        <Explanation>GRAPHIC DESIGN $231</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.9</Identifier>
        <ReturnReference>Other Expenses.9</ReturnReference>
        <Explanation>GIRLS PROGRAM EXP $247</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.8</Identifier>
        <ReturnReference>Other Expenses.8</ReturnReference>
        <Explanation>PAYROLL SERVICE FEES $544</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.7</Identifier>
        <ReturnReference>Other Expenses.7</ReturnReference>
        <Explanation>SUPPLIES $647</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.6</Identifier>
        <ReturnReference>Other Expenses.6</ReturnReference>
        <Explanation>DONOR MATERIALS $665</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.5</Identifier>
        <ReturnReference>Other Expenses.5</ReturnReference>
        <Explanation>EMPLOYEE APPRECIATION $1031</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.4</Identifier>
        <ReturnReference>Other Expenses.4</ReturnReference>
        <Explanation>FUNDRAISING $1939</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.3</Identifier>
        <ReturnReference>Other Expenses.3</ReturnReference>
        <Explanation>BROTHER NIGHTS $2129</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.2</Identifier>
        <ReturnReference>Other Expenses.2</ReturnReference>
        <Explanation>MAIN PARTY EXPENSES $8715</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1</Identifier>
        <ReturnReference>Other Expenses.1</ReturnReference>
        <Explanation>FRI/SAT NIGHT PROGRAM $11400</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1010</Identifier>
        <ReturnReference>Other Expenses.1010</ReturnReference>
        <Explanation>Amortization $229</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1009</Identifier>
        <ReturnReference>Other Expenses.1009</ReturnReference>
        <Explanation>Depreciation $73</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1005</Identifier>
        <ReturnReference>Other Expenses.1005</ReturnReference>
        <Explanation>Travel $103</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 8.1</Identifier>
        <ReturnReference>Other Revenue.1</ReturnReference>
        <Explanation>$340</Explanation>
      </GeneralExplanation>
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