2011-11-10T16:59:12-06:00 2011-06-30 ARNOLD GALLIVAN LEVESQUE PC 2810 PREMIERE PKWY STE 200 DULUTH GA 30097 990 2010-07-01 620533776 PHI MU FRATERNITY INC PHIM 7706322090 400 WESTPARK DRIVE PEACHTREE CITY GA 30269 DARLENE REYES 7706322090 2011-10-28 true ROGER M GALLIVAN 6785708112 2011-11-10 2010 2016-03-07 17:11:31Z DARLENE REYES 400 WESTPARK DRIVE PEACHTREE CITY GA 30269 5629289 false X WWW.PHIMU.ORG X 1904 GA FOUNDED IN 1852, PHI MU IS A WOMEN'S ORGANIZATION WHICH PROVIDES PERSONAL AND ACADEMIC DEVELOPMENT, SERVICE TO OTHERS, COMMITMENT TO EXCELLENCE, AND LIFELONG FRIENDSHIP THROUGH A SHARED TRADITION. 7 7 41 115 77107 244390 2571541 3312248 173650 77107 926710 827107 3671901 4460852 0 0 1112466 1059991 0 0 2079577 2512488 3192043 3572479 479858 888373 13261139 13038622 4119418 3019724 9141721 10018898 FOUNDED IN 1852, PHI MU IS A WOMEN'S ORGANIZATION WHICH PROVIDES PERSONAL AND ACADEMIC DEVELOPMENT, SERVICE TO OTHERS, COMMITMENT TO EXCELLENCE, AND LIFELONG FRIENDSHIP THROUGH A SHARED TRADITION. false false CHAPTER SERVICES: EXPENSES INCURRED TO MAINTAIN AND PROMOTE THE FRATERNITY'S INDIVIDUAL CHAPTERS. SERVICES INCLUDE, BUT ARE NOT LIMITED TO, ACCOUNTING SYSTEM, BILLING SYSTEM, MANUALS, MEMBERSHIP CERTIFICATES, AND CHAPTER SUPPLIES. LEADERSHIP CONFERENCE: HELD ANNUALLY, THIS EVENT OFFERS A CONCENTRATED OPPORTUNITY FOR TEACHING, TRAINING, EXCHANGING OF IDEAS, AND DISCUSSION OF NUMEROUS TOPICS FOR UNDERGRADUATE AND ALUMNAE MEMBERS. AGLAIA MAGAZINE: PUBLICATION AND DISTRIBUTION OF QUARTERLY MAGAZINE. APPROXIMATELY 154,000 COPIES ARE PUBLISHED AND DISTRIBUTED PER YEAR. false false false false false false true true true true false true false true true true true false false false false false false true false false false false false false false false false false false false false false false false true true true false true 0 0 true 41 true true true false false false false 456075 false X 7 7 false false false false true true true true true false true true true true true true true true true false false GA X DARLENE REYES 7706322090 400 WESTPARK DRIVE PEACHTREE CITY GA 30269 KRIS SHELTER BRIDGES 50.00 X 0 0 0 ASHLEY HERBERT MCDANIEL 20.00 X 0 0 0 BETH DENNEY WARD 15.00 X 0 0 0 ASHLEE FAIRCLOTH FORSCHER 25.00 X 0 0 0 MOLLY MEYER WILLIAMS 30.00 X 0 0 0 ANDIE BURCHETT KASH 15.00 X 0 0 0 DONNA ALLEN STALLARD 20.00 X 0 0 0 DARLENE REYES 60.00 X 81762 14772 0 81762 14772 false false false HERFF JONES COLLEGIATE 1275 SHILOH ROAD NW SUITE 2410 KENNESAW GA 30144 JEWELRY 611044 ARIZONA BILTMORE & SPA 2400 EAST MISSOURI AVENUE PHOENIX AZ 85016 MEETING 372519 UBS 6360 I-55 NORTH SUITE 405 JACKSON MS 39211 FINANCIAL SERV. 342017 MJ INSURANCE 9225 PRIORITY WAY WEST DRIVE SUITE 100 INDIANAPOLIS IN 46250 INSURANCE 331842 BC-AIR 276378 7 244390 244390 DUES AND PARLOR FEES 1265821 1265821 LEADERSHIP CONFERENCE 683159 683159 INTITATION FEES 619388 619388 CHAPTER - ACCOUNTING FEES 591858 591858 MANAGEMENT FEES 152022 152022 3312248 77107 77107 21168 21168 1407950 1168437 239513 239513 INSURANCE REIMBURSEMENT 367281 367281 AFFINITY CARD INCOME 155254 155254 OTHER INCOME 36920 36920 6971 6971 566426 4460852 3435028 77107 683159 81762 765036 36157 98679 78357 55142 143143 11843 3054 121540 164794 136279 1150863 5183 9842 332225 AGLAIA MAGAZINE 142670 MISCELLANEOUS 96395 EQUIPMENT LEASE 65887 REAL ESTATE TAXES 43333 SERVICE CHARGE 30295 3572479 0 0 0 261698 3066784 3911106 2890152 34212 30058 215131 22199 110037 102078 311507 4861 270067 196118 27124 73949 5298980 4495000 2457993 2353541 633351 13261139 13038622 144858 197535 754959 234631 1831784 2101836 1553 1386264 485722 4119418 3019724 X 9141721 9978898 40000 9141721 10018898 13261139 13038622 888373 -11196 X false true true X false false false false X X false false true 6936240 249498 83098 112485 45832 7110519 6973224 201104 32233 113169 157152 6936240 6782240 411780 -31889 5554 83556 99807 6973224 1.00000 false false false 270067 196118 73949 73949 INVESTMENT IN REAL ESTATE HOLDING CO 2327041 F INVESTMENT IN HOUSING CORPORATION 26500 F 2353541 DUE TO PHI MU HOUSING CORPORATION 485572 DUE TO CHAPTERS 150 DUE TO ALPHA NU HOUSING CORPORATION 485722 4460852 3572479 888373 -11196 -11196 877177 5250812 -11196 -11196 5262008 -801156 -801156 4460852 4373635 4373635 -801156 -801156 3572479 COLLECTIONS AND RELATION TO EXEMPT PURPOSE SCHEDULE D, PAGE 2, PART III, LINE 4 PHI MU FRATERNITY OWNS HISTORICAL DOCUMENTS, BADEGES, MEMORABILIA, AND PAINTINGS THAT IT MAINTAINS TO PRESERVE THE ORGANIZATION'S HISTORY. THESE ITEMS HAVE NOT BEEN CAPITALIZED IN THE FRATERNITY'S FINANCIAL STATEMENTS DUE TO THEIR PRICELESS NATURE. ESCROW LIABILITY ARRANGEMENT EXPLANATION SCHEDULE D, PAGE 2, PART IV, LINE 2B PHI MU FRATERNITY HOLDS THE HOUSING AND DEVELOPMENT FUND AS A CUSTODIAN FOR ALL OF THE PHI MU CHAPTERS TO MANAGE AND INVEST THE FUNDS ON AN AGGREGATE BASIS. INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 PER THE FRATERNITY'S CONSTITUTION AND BYLAWS, IT IS REQUIRED THAT ALL ENDOWMENT FUNDS BE RETURNED TO A CHAPTER ONCE THAT CHAPTER HAS REOPENED AND BECOME ACTIVE IN THE OPERATIONS OF THE FRATERNITY. IF THE CHAPTER DOES NOT REOPEN WITHIN 20 YEARS OF CLOSING, THE FUNDS WILL BE TRANSFERRED TO THE FRATERNITY'S GENERAL OPERATING FUND. THE MEMORIAL HEADQUARTERS BUILDING FUNDS ARE USED FOR CONTRUCTION, MAJOR EXPENDITURES AND REMODELING OF THE MEMORIAL HEADQUARTERS BUILDING. THE LIFE MEMBERSHIP ENDOWMENT FUNDS MAY BE INVESTED, LOANED TO CHAPTER HOUSE CORPORATIONS, USED TO PAY SCHOLARSHIP AWARDS, OR USED FOR OTHER SPECIAL NEEDS. THE ALPHA MEMORIAL FUNDS ARE PRIMARILY TO PAY OUT SCHOLARSHIP AWARDS. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X INCOME TAX STATUS: PHI MU FRATERNITY, ALPHA NU HOUSING CORPORATION, INC., PHI MU FRATERNITY HOUSING CORPORATION, AND DELTA BETA BUILDING ASSOCIATION HAVE BEEN GRANTED EXEMPTION BY THE INTERNAL REVENUE SERVICE FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, RESPECTIVELY. HOWEVER, THE ORGANIZATIONS ARE REQUIRED TO PAY TAXES ON THE NET INCOME RECEIVED FROM ACTIVITIES UNRELATED TO THEIR EXEMPT PURPOSE. NET INVESTMENT INCOME OF THE FRATERNITY IS TAXABLE AS UNRELATED BUSINESS INCOME, UNLESS IT IS SET ASIDE FOR EDUCATIONAL, CHARITABLE, LEADERSHIP AND CITIZENSHIP PURPOSES. EACH YEAR, THE FRATERNITY ADOPTS A RESOLUTION TO SET ASIDE ALL OF ITS INVESTMENT INCOME FOR THESE PURPOSES. THE FINANCIAL ACCOUNTING STANDARDS BOARD HAS RELEASED FASB ASC TOPIC 740, INCOME TAXES, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN FINANCIAL STATEMENTS. ADOPTION OF FASB ASC 740, INCOME TAXES, IS REQUIRED FOR FISCAL YEARS BEGINNING AFTER DECEMBER 15, 2008. THE FRATERNITY EVALUATES ITS UNCERTAIN TAX PROVISIONS USING THE PROVISIONS OF FASB ASC TOPIC 450, CONTINGENCIES. MANAGEMENT BELIEVES THERE ARE NO MATERIAL ESTIMATES THAT SHOULD BE ACCRUED AS OF JUNE 30, 2011 AND 2010. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 INSURANCE REIMBURSEMENTS RECLASSED TO INCOME -367,281 DIRECT EXPENSES 1,168,437 DIRECT EXPENSES -1,168,437 INSURANCE REIMBURSEMENTS RECLASSED TO INCOME 367,281 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B INSURANCE REIMBURSEMENTS RECLASSED TO INCOME 367,281 DIRECT EXPENSES -1,168,437 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 4B DIRECT EXPENSES -1,168,437 INSURANCE REIMBURSEMENTS RECLASSED TO INCOME 367,281 All States FOUNDERS DAY 21168 21168 21168 21168 21168 CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 PHI MU HAS ONLY ONE CLASS OF MEMBERSHIP -- INITIATED MEMBERS ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A EACH CHARTERED CHAPTER HAS THE RIGHT TO SEND A DELEGATE TO THE BIENNIAL CONVENTION WHERE THE DELEGATE IS ALLOWED ONE VOTE ON ALL FRATERNITY BUSINESS. APPOINTED AND ELECTED OFFICERS ARE ALSO DELEGATES AT THE BIENNIAL CONVENTION AND HAVE VOTING RIGHTS ON ALL FRATERNITY BUSINESS DECIDED AT THE CONVENTION. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B DECISIONS THAT REQUIRE THE APPROVAL OF DELEGATES TO THE BIENNIAL CONVENTION INCLUDE THE RIGHT TO ELECT NATIONAL COUNCIL MEMBERS, VOTE ON AMENDMENTS TO THE PHI MU CONSTITUTION AND BYLAWS, VOTE ON CONVENTION RESOLUTIONS AND VOTE ON ADOPTING PHI MU POLICIES. POLICIES AND PROCEDURES GOVERNING CHAPTERS FORM 990, PAGE 6, PART VI, LINE 10B THE FRATERNITY MAINTAINS A CONSTITUTION AND BYLAWS THAT GOVERN THE ACTIVITIES OF THE CHAPTERS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PROVIDED TO ALL MEMBERS OF THE PHI MU FRATERNITY BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING. A VOTE IS TAKEN APPROVING THE FILING. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C ALL MEMBERS AND KEY EMPLOYEES OF THE PHI MU FRATERNITY BOARD OF DIRECTORS MUST ANNUALLY FILE A CONFLICT OF INTEREST FORM. MEMBERS MAY NOT VOTE ON ANY ISSUE RELATED TO ANY DISCLOSED CONFLICT. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE NATIONAL COUNCIL DETERMINES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. ANNUALLY, THE NATIONAL COUNCIL REVIEWS THE EXECUTIVE DIRECTOR SALARY, REVIEWS COMPARABLE SALARIES FOR EXECUTIVE DIRECTORS OF COMPARABLE ORGANIZATIONS, INCLUDING OTHER SORORITIES. THE DECISION ON COMPENSATION IS VOTED ON BY THE NATIONAL COUNCIL. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 ALL FINANCIAL, TAX, AND LEGAL DOCUMENTS ARE MADE AVAILABLE TO MEMBERS OF THE PUBLIC UPON REQUEST TO THE EXECUTIVE DIRECTOR OF PHI MU FRATERNITY. PHI MU FOUNDATION 400 WESTPARK DRIVE PEACHTREE CITY GA 30269 626042543 FOUNDATION TN 3 7 NA false PHI MU REAL ESTATE HOLDING COMPANY 400 WESTPARK DRIVE PEACHTREE CITY GA 30269 203111510 REAL ESTAT GA 2 NA false PHI MU FRATERNITY HOUSING CORPORATI 400 WESTPARK DRIVE PEACHTREE CITY GA 30269 620798908 HOUSING CO GA 2 NA false PHI MU SUBORDINATE GROUP RETURN 400 WESTPARK DRIVE PEACHTREE CITY GA 30269 626046503 SUBORDINAT GA 7 PHIMUFRAT true false false true true false false false false false false false false true false true true false false PHI MU FOUNDATION C 244390 PHI MU REAL ESTATE HOLDING COMPANY M 144752