Page 4 - PhiSigmaRho-TheKeyMagazine-Spring2019
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Overview
2018 FINANCIAL
The  nancial position of Phi Sigma Rho National Sorority remained strong in 2018 – expenses were less than income collected. These pie charts provide a high-level overview, with the following explanations:
Contributions and Grants represent the biggest source of revenue, with 94% from Actives and Candidates, 2% from Alumnae and the remaining 4% from Installation fees and Foundation Grants. Program Service Revenue includes Conference fees and premiums collected for our liability insurance coverage. The remaining sources of income are from other sources such as the Phi Rho Store, interest, royalties, etc.
A good portion of our income is spent on payroll related items – salaries and taxes for four employees. Liability coverage continues to be a major expense each year, representing 15% of total expenditures. While Conference and Convention is paid for with registration fees, we were able to provide several chapters with travel subsidies to Conference (a total of just under $6600). Our remaining expenses include items such as ChapterSpot, travel, Chapter materials, magazine printing, and various o ce related expenses.
Any questions can be directed to Alex Caliguire, VP of Finance, at vpo nance@ phisigmarho.org
Total Expenses for 2018: $353,452.52
Total Income for 2018: $373,490.15
Other Revenue 5%
Program Service Revenue 22%
Miscellaneous Revenue 1%
Contributions & Grants 72%
2018 INCOME
CATEGORY
AMOUNT
Contributions and Grants
$267,548.68
Program Service Revenue
$82,899.64
Other Revenue
$18,920.79
Misecllaneous Revenue
$4,121.04
TOTAL REVENUE
$373,490.15
Other Expenses 19%
Travel 5%
Chapter Materials 9%
Payroll Expenses 34%
Benefits
Paid for Members 15%
2018 EXPENSES
CATEGORY
AMOUNT
Payroll Expenses
$118,505.50
Benefits Paid for Members
$51,870.94
Conference
$27,587.17
Information Technology
$37,810.47
Chapter Materials
$31,411.66
Travel
$18,569.35
Other
$67,697.43
TOTAL EXPENSES
$353,452.52
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The Key of Phi Sigma Rho
Information Technology
Conference 11% 9%


































































































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