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Phi Mu Foundation

EIN 62-6042543 · Peachtree Cty, GA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF PHI MU FOUNDATION IS THE LIFETIME DEVELOPMENT OF WOMEN THROUGH THE SUPPORT OF PHI MU'S LEADERSHIP, SCHOLARSHIP, PHILANTHROPIC, EDUCATIONAL PROGRAMS, AND HISTORIC PRESERVATION.

Income
$3.0 million
Spending
$2.1 million
Spent on programs
57%
Reserves
26.9 months of spending
Largest source of income
donations and private grants, 86%
Employees
8
Volunteers
55
Highest pay
$134,807, executive di

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 26.9 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 30% of income.

  • Income trend

    15 of 15

    Income rose 82% on the year before.

  • Spending floor

    8 of 15

    58% of spending went to programs and raising each dollar of donations cost 20 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $1.2 million spent. ACADEMIC SCHOLARSHIPS/MEMBER ASSISTANCE/LEADERSHIP PROGRAMS: THE FOUNDATION AWARDS MORE THAN 100 GRADUATE AND UNDERGRADUATE SCHOLARSHIPS EACH ACADEMIC YEAR. MOST SCHOLARSHIPS ARE UNRESTRICTED, BUT SOME HAVE BEEN ESTABLISHED FOR A PARTICULAR CHAPTER, FIELD OF STUDY, STATE OF RESIDENCE OR COLLEGE. THERE ARE BOTH MERIT AND FINANCIAL NEED BASED SCHOLARSHIPS. IN ADDITION, THE FOUNDATION IS PROUD TO PROVIDE EMERGENCY GRANTS FOR COLLEGIATE AND ALUMNAE MEMBERS WHO EXPERIENCE FINANCIAL DISTRESS DUE TO NATURAL DISASTERS, MEDICAL EMERGENCIES, OR OTHER SEVERE PERSONAL OR FAMILY ISSUES. TO FURTHER SUPPORT THE MISSION OF EDUCATIONAL AND LEADERSHIP INITIATIVES, THE FOUNDATION AWARDS GRANTS TO PHI MU FRATERNITY FOR THE DEVELOPMENT OF PREMIER, VALUES-BASED PROGRAMMING SUCH AS GREEK LIFE EDU, PHI MU LEADERSHIP INSTITUTE, AND THE CHAPTER CONSULTANT PROGRAM. ACADEMIC SCHOLARSHIPS/MEMBER ASSISTANCE/LEADERSHIP PROGRAMS: THE FOUNDATION AWARDS MORE THAN 100 GRADUATE AND UNDERGRADUATE SCHOLARSHIPS EACH ACADEMIC YEAR. MOST SCHOLARSHIPS ARE UNRESTRICTED, BUT SOME HAVE BEEN ESTABLISHED FOR A PARTICULAR CHAPTER, FIELD OF STUDY, STATE OF RESIDENCE OR COLLEGE. THERE ARE BOTH MERIT AND FINANCIAL NEED BASED SCHOLARSHIPS. IN ADDITION, THE FOUNDATION IS PROUD TO PROVIDE EMERGENCY GRANTS FOR COLLEGIATE AND ALUMNAE MEMBERS WHO EXPERIENCE FINANCIAL DISTRESS DUE TO NATURAL DISASTERS, MEDICAL EMERGENCIES, OR OTHER SEVERE PERSONAL OR FAMILY ISSUES. TO FURTHER SUPPORT THE MISSION OF EDUCATIONAL AND LEADERSHIP INITIATIVES, THE FOUNDATION AWARDS GRANTS TO PHI MU FRATERNITY FOR THE DEVELOPMENT OF PREMIER, VALUES-BASED PROGRAMMING SUCH AS GREEK LIFE EDU, PHI MU LEADERSHIP INSTITUTE, AND THE CHAPTER CONSULTANT PROGRAM.
  2. HISTORIC PRESERVATION: THE FOUNDATION MAINTAINS, PRESERVES, AND PROMOTES PHI MU'S HISTORY IN THE ARCHIVES AND MUSEUM LOCATED IN THE NATIONAL HEADQUARTERS IN PEACHTREE CITY, GEORGIA WHICH DISPLAYS SUCH ITEMS AS THE PRESIDENT'S CHAIR FROM THE PHILOMATHEAN HALL AT WESLEYAN COLLEGE, ORIGINAL BADGES, AND A TEXTILE COLLECTION OF PAST NATIONAL PRESIDENTS DRESSES.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1959.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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