Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 07-01-2010 and ending 06-30-2011
BCheck if applicable:
CName of organization
PHI MU FOUNDATION INC
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
400 WESTPARK DRIVE
 
Room/suite
City or town, state or country, and ZIP + 4
PEACHTREE CITY, GA30269
D Employer identification number

62-6042543
E Telephone number

G Gross receipts $ 1,778,535
F Name and address of principal officer:
JONELL AULT
400 WESTPARK DRIVE
PEACHTREE CITY,GA30269
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.PHIMUFOUNDATION.ORG
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1957
M State of legal domicile: TN
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE MISSION OF PHI MU FOUNDATION IS THE LIFETIME DEVELOPMENT OF WOMEN THROUGH THE SUPPORT OF PHI MU'S LEADERSHIP, SCHOLARSHIP, PHILANTHROPIC, AND EDUCATIONAL PROGRAMS.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 8
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 8
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 8
6 Total number of volunteers (estimate if necessary) .... 6 23
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b  
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 635,670 1,777,188
9 Program service revenue (Part VIII, line 2g) .........   0
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 328,313 1,347
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) -11,765 -39,389
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 952,218 1,739,146
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 174,933 321,390
14 Benefits paid to or for members (Part IX, column (A), line 4) ....   0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 167,343 173,632
16a Professional fundraising fees (Part IX, column (A), line 11e)....   0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet147,339    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 557,199 472,212
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 899,475 967,234
19 Revenue less expenses. Subtract line 18 from line 12...... 52,743 771,912
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 9,386,380 10,527,845
21 Total liabilities (Part X, line 26)............   0
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 9,386,380 10,527,845
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: THE MISSION OF PHI MU FOUNDATION IS THE LIFETIME DEVELOPMENT OF WOMEN THROUGH THE SUPPORT OF PHI MU'S LEADERSHIP, SCHOLARSHIP, PHILANTHROPIC, AND EDUCATIONAL PROGRAMS.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 388,032 including grants of $ 321,390 ) (Revenue $   )
SCHOLARSHIPS AND PROGRAMMING AND LEARNING SERVICES: THE FOUNDATION CONTINUED ITS PARTNERSHIP WITH PHI MU FRATERNITY TO PROVIDE LEADERSHIP AND EDUCATIONAL PROGRAMMING FOR PHI MU WOMEN. WE WANT OUR WOMEN TO BE AS PREPARED FOR PERSONAL AND PROFESSIONAL EXPERIENCES AS POSSIBLE. DURING THE YEAR, THE FOUNDATION GRANTED MONEY TO THE FRATERNITY TO FUND THE FIRST-EVER PARTNERSHIP BETWEEN AN INDIVIDUAL GREEK ORGANIZATION AND THE NORTH-AMERICAN INTERFRATERNITY CONFERENCE (NIC). THE UNDERGRADUATE INTERFRATERNITY INSTITUTE (UIFI) WAS DEVELOPED OVER 20 YEARS AGO BY NIC, OUR PARTNERSHIP WITH NIC RESULTED IN PHI MU UIFI. PHI MU UIFI IS A 5-DAY VALUES BASED LEADERSHIP PROGRAM THAT PROVIDES OPPORTUNITIES TO EXPLORE, DEFINE, AND ENHANCE LEADERSHIP SKILLS, PERSONAL AWARENESS, AND COMMITMENT TO PHI MU. CURRENT AND EMERGING LEADERS FROM EVERY PHI MU CHAPTER CREATE ACTION ORIENTED PLANS FOR THEIR INDIVIDUAL LEADERSHIP POSITIONS DURING UIFI. AS THE FRATERNITY EXPANDED THE TRAINING AVAILABLE TO OUR COLLEGIATE MEMBERS, IT WAS IMPORTANT TO ENSURE OUR ALUMNAE LEADERS WERE ALSO PREPARED TO ASSIST CHAPTERS WITH THE IMPLEMENTATION OF THE NEW IDEAS AND SKILLS BORN FROM UIFI. THE FOUNDATION ASSISTED IN FUNDING TWO MAJOR TRAINING SESSIONS FOCUSED ON ALUMNAE. THE FIRST TRAINING WAS FOR REGIONAL AND AREA OFFICERS AND WAS HELD AT NATIONAL HEADQUARTERS. DURING THE REGIONAL OFFICERS' RETREAT, OFFICERS WERE TRAINED IN THE PROPER HANDLING OF RISK MANAGEMENT SITUATIONS AND GIVEN THE TOOLS TO DEVELOP THEIR OWN LEADERSHIP ABILITIES. THE SECOND TRAINING WAS FOR CHAPTER ADVISERS AND HOUSE-CORPORATION LEADERS. THE ADVISERS/HOUSE CORP FORUM GAVE THE ALUMNAE, WHO WORK WITH OUR COLLEGIATE WOMEN ON A DAILY BASIS, THE TRAINING NEEDED TO PROPERLY HANDLE RISK MANAGEMENT SITUATIONS. ATTENDEES WERE ABLE TO EXPERIENCE A GROUNDBREAKING PRESENTATION ON BYSTANDER BEHAVIOR, CONFRONTATION SKILLS, AND INTERVENTION THROUGH THE RESPONSEABILITY PROGRAM. THIS YEAR, THE FOUNDATION FUNDED THE EDUCATIONAL PORTION OF THE LEADERSHIP CONSULTANTS' SALARIES. LEADERSHIP CONSULTANTS ARE HIRED BY PHI MU FRATERNITY TO TRAVEL FROM CHAPTER TO CHAPTER TO TEACH MEMBERS LIFE SKILLS, INCLUDING COMMUNICATION AND CONFLICT RESOLUTION AS WELL AS PROVIDE LEADERSHIP TRAINING. ANNUALLY, THE LEADERSHIP CONSULTANTS EFFECTIVELY TRAIN SEVERAL THOUSAND OF OUR MEMBERS. BY FUNDING ESSENTIAL EDUCATIONAL PROGRAMS FOR MEMBERS AT BOTH THE COLLEGIATE AND ALUMNAE LEVELS ON LEADERSHIP, RISK MANAGEMENT, CORE VALUES AND COMMITMENT TO PHI MU, PHI MU FOUNDATION CONTINUES TO STRENGTHEN THE SORORITY EXPERIENCE BY INCREASING COMPETENCE AND LEADERSHIP ABILITIES FOR ALL PHI MU MEMBERS.
4b (Code:   ) (Expenses $ 1,000 including grants of $ 1,000 ) (Revenue $   )
CHILDREN'S MIRACLE NETWORK HOSPITALS: SINCE 1986, CHILDREN'S MIRACLE NETWORK HOSPITALS HAS BEEN PHI MU'S PRIMARY PHILANTHROPY. OUR CHAPTERS, BOTH COLLEGIATE AND ALUMNAE, RAISE MONEY FOR THIS WORTHY CAUSE. PARTNERING WITH CHILDREN'S MIRACLE NETWORK HOSPITALS, FULFILLS PART OF OUR MISSION STATEMENT. WE ARE COMMITTED TO HELPING THOSE LESS FORTUNATE AND THIS IS ONE WAY THAT EVERY CHAPTER CAN MAKE A DIFFERENCE IN THE LIVES OF CHILDREN. DURING THE YEAR, OUR CHAPTERS RAISED 743,799.15 FOR CHILDREN'S MIRACLE NETWORK HOSPITALS. WE ALSO SPONSOR AN INTERNSHIP FOR A COLLEGIAN WHO IS INTERESTED IN WORKING FOR A CHILDREN'S HOSPITAL. WE PROVIDED A 500 STIPEND FOR 150 HOURS OF WORK. THIS INTERNSHIP IS FUNDED EACH YEAR FROM THE "HAPPY" PARKER LOWDEN CHILDREN'S MIRACLE NETWORK HOSPITALS INTERNSHIP FUND. AS A NATIONAL SPONSOR OF CHILDREN'S MIRACLE NETWORK HOSPITALS, WE HAVE RAISED OVER 8 MILLION DOLLARS SINCE 1986. OUR CHAPTERS HAVE EMBRACED THIS PHILANTHROPIC CAUSE AND CONTINUE TO HELP US MEET OUR GOALS. ALL MONEY DONATED TO CHILDREN'S MIRACLE NETWORK HOSPITALS GOES DIRECTLY TO THE CHILDREN'S MIRACLE NETWORK AND THEN TO THE LOCAL HOSPITAL WHERE THE FUNDS WERE RAISED. WE DO NOT KEEP ANY OF THE MONEY RAISED ON BEHALF OF CHILDREN'S MIRACLE NETWORK HOSPITALS. WE ENSURE THAT OUR ORGANIZATION IS CREDITED WITH THE DOLLARS RAISED. ALL EXPENSES ARE PAID OUT OF THE SOCIAL SERVICES ENDOWMENT FUND. WE ARE EXTREMELY PROUD OF OUR PARTNERSHIP WITH CHILDREN'S MIRACLE NETWORK HOSPITALS AND WILL CONTINUE TO ASSIST THOSE LESS FORTUNATE THROUGH THIS ENDEAVOR.
4c (Code:   ) (Expenses $ 4,346 including grants of $   ) (Revenue $   )
PHILOMATHEON ROOM AND MUSEUM - WE AT PHI MU FOUNDATION ARE VERY PROUD OF OUR PAST. THIS PRIDE IS INTENSIFIED BY THE FACT THAT PHI MU BOASTS NEARLY 150 YEARS AS A WOMEN'S ORGANIZATION, ORIGINALLY FOUNDED IN 1852. WE WERE FOUNDED AT WESLEYAN COLLEGE IN MACON, GEORGIA. WE HAVE A MUSEUM IN OUR HEADQUARTERS LOCATED IN PEACHTREE CITY, GEORGIA. INSIDE OUR HEADQUARTERS ARE NUMEROUS ITEMS INCLUDING ORGINAL BADGES ON DISPLAY. WE CONTINUE TO PURCHASE ITEMS OF HISTORICAL VALUE AND HOUSE SUCH ITEMS ONSITE AND OFFSITE AT THE CANNONBALL HOUSE LOCATED IN MACON, GEORGIA. THE CANNONBALL HOUSE DISPLAYS OUR ITEMS ALONG WITH ALPHA DELTA PI, THE FIRST WOMEN'S ORGANIZATION FOUNDED AT WESLEYAN COLLEGE. WE PAY RENT TO THE CANNONBALL HOUSE AND ALSO FOR INSURANCE ON OUR ITEMS. HUNDREDS OF PEOPLE ENJOY VISITING OUR HEADQUARTERS AND THE CANNONBALL HOUSE ANNUALLY. THESE TWO VENUES PROVIDE OPPORTUNITIES FOR OUR HISTORICAL PRESERVATION.
4d Other program services. (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$ 393,378
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part II.........................
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
Yes
 
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
Yes
 
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
 
No
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II..
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III..
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part IClick to see attachment
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II.......... Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III................... Click to see attachment
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................
23
 
No
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II...........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III...............
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV...................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV..
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
 
No
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2........... Click to see attachment
36
Yes
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
1
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
8
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
No
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
No
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
8
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
8
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
Yes
 
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
Yes
 
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
Yes
 
14
Does the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
GA
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
JONELL AULT
400 WESTPARK DRIVE
PEACHTREE CITY,GA30269
(770) 632-2121
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) CYNTHIA LOWDEN
PRESIDENT
 15.00 X           0 0 0
(2) JONELL AULT
VP FINANCE
 3.00 X           0 0 0
(3) MARGO GRACE
VP PUBLIC RE
 2.00 X           0 0 0
(4) REBECCA MCKENZIE
VP PHILANTHR
 1.00 X           0 0 0
(5) DIANE EGGERT
VP SPECIAL P
 5.00 X           0 0 0
(6) SHARON STALEY
VP DONOR REL
 1.00 X           0 0 0
(7) KRIS BRIDGES
CHAIR OF BOA
 1.00 X           0 0 0
(8) MOLLY WILLIAMS
TRUSTEE AT L
 1.00 X           0 0 0
(9) KATHY WILLIAMS
EXECUTIVE DI
 40.00     X       78,955 0 0
















Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;


























1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 78,955    
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet  
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
 
No
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet  
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c 534,016
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		1,243,172
g Noncash contributions included in lines 1a-1f:$  
h Total. Add lines 1a-1f.......MediumBullet 1,777,188
Program Service Revenue Business Code
2a
b
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet  
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 1,347     1,347
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties............MediumBullet        
(i) Real (ii) Personal
6a Gross Rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory    
b Less: cost or other basis and sales expenses    
c Gain or (loss)    
d Net gain or (loss)..........MediumBullet        
8a Gross income from fundraising events (not including
$ 534,016
of contributions reported on line 1c). See Part IV, line 18 ...
a  
b Less: direct expenses ...b 39,389
c Net income or (loss) from fundraising events..MediumBullet -39,389   -39,389
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet  
12 Total revenue. See Instructions....MediumBullet 1,739,146     -38,042
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21 244,390 244,390
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22 77,000 77,000
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 151,578 55,970 40,271 55,337
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 8,306     8,306
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) ....        
9 Other employee benefits ....... 9,071   9,071  
10 Payroll taxes ........... 4,677   4,677  
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 3,792   3,792  
c Accounting ........... 24,732   24,732  
d Lobbying ...........        
e Professional fundraising. See Part IV, line 17..    
f Investment management fees ......        
g Other .......... 53,450   26,725 26,725
12 Advertising and promotion .... 57,399   57,399  
13 Office expenses ....... 5,725   5,725  
14 Information technology ...... 22,938   22,938  
15 Royalties ..        
16 Occupancy ........... 129,062   129,062  
17 Travel ............ 2,582   2,582  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 50,879   50,879  
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 9,281   9,281  
23 Insurance .............. 1,776   1,776  
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a INDIRECT FUNDRAISING EXP 56,971     56,971
b OTHER PROGRAM EXPENSES 27,253 27,253    
c CONTRIBUTOR RECOG. AWARDS 9,844   9,844  
d BANKING CHARGES 9,741   9,741  
e PHILOMATHEON ROOM 4,346 4,346    
f All other expenses 2,441   2,441  
25 Total functional expenses. Add lines 1 through 24f 967,234 408,959 410,936 147,339
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 43,117 1 37,179
2 Savings and temporary cash investments ....... 145,459 2 1,125,711
3 Pledges and grants receivable, net .........   3  
4 Accounts receivable, net .........   4  
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net ............. 129 7  
8 Inventories for sale or use .............. 20,049 8 25,346
9 Prepaid expenses and deferred charges ............   9 1,916
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 81,962
b Less: accumulated depreciation. ..... 10b 71,268 19,975 10c 10,694
11 Investments—publicly traded securities .......... 6,487,423 11 6,582,064
12 Investments—other securities. See Part IV, line 11 ...... 2,669,036 12 2,581,035
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 1,192 15 163,900
16 Total assets. Add lines 1 through 15 (must equal line 34)... 9,386,380 16 10,527,845
Liabilities 17 Accounts payable and accrued expenses .   17  
18 Grants payable ..........   18  
19 Deferred revenue ..........   19  
20 Tax-exempt bond liabilities ..........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities. Complete Part X of Schedule D.....   25  
26 Total liabilities. Add lines 17 through 25..... 0 26 0
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 6,109,868 27 4,125,863
28 Temporarily restricted net assets .....   28 2,674,259
29 Permanently restricted net assets ..... 3,276,512 29 3,727,723
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 9,386,380 33 10,527,845
34 Total liabilities and net assets/fund balances ..... 9,386,380 34 10,527,845
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
1,739,146
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
967,234
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
771,912
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
9,386,380
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
369,553
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
10,527,845
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
 
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
 
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
PHI MU FOUNDATION INC
 
Employer identification number

62-6042543
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 1,495,642 1,436,113 737,655 635,670 1,777,188 6,082,268
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3.. 1,495,642 1,436,113 737,655 635,670 1,777,188 6,082,268
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..           1,523,909
6 Public Support. Subtract line 5 from line 4.           4,558,359
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
7 Amounts from line 4.. 1,495,642 1,436,113 737,655 635,670 1,777,188 6,082,268
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 1,116 24,581 220 722 1,347 27,986
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).           6,110,254
12
12
 
13
Section C. Computation of Public Support Percentage
14
14
74.600 %
15
15
70.990 %
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.).            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2010
Name of organization
PHI MU FOUNDATION INC
 
Employer identification number

62-6042543
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule—
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part I
Name of organization
PHI MU FOUNDATION INC
  		Employer identification number

62-6042543
Part I
Contributors (see Instructions)
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part II
Name of organization
PHI MU FOUNDATION INC
  		Employer identification number

62-6042543
Part II
Noncash Property (see Instructions)
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part III
Name of organization
PHI MU FOUNDATION INC
  		Employer identification number

62-6042543
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
PHI MU FOUNDATION INC
 
Employer identification number

62-6042543
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance .... 3,276,512 3,249,916 3,442,639
b Contributions ........ 1,177,255 65,227 179,662
c Investment earnings or losses ... 88,672 50,019 -274,534
d Grants or scholarships .....      
e Other expenditures for facilities
and programs ........ 		465,157 88,650 97,851
f Administrative expenses ....      
g End of year balance ...... 4,077,282 3,276,512 3,249,916
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet  
b
Permanent endowment: SchDMd Bullet100.000 %
c
Term endowment: SchDMd Bullet  
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
No
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................        
c Leasehold improvements ............        
d Equipment ................   81,962   81,962
e Other .................     71,268 -71,268
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 10,694
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) INVESTMENT IN PHI MU RE HC, INC. 		2,412,175 F

(B) CASH VALUE OF LIFE INSURANCE 		168,860 F







Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet 2,581,035
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes  








Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet  
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 1,739,146
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 967,234
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 771,912
4 Net unrealized gains (losses) on investments .......................... 4 254,265
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8 -29,944
9 Total adjustments (net). Add lines 4 - 8 ............................. 9 224,321
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 996,233
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 1,963,467
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a 254,265
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d -69,333
e Add lines 2a through 2d ..................... 2e 184,932
3 Subtract line 2e from line 1..................... 3 1,778,535
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV): ........... 4b -39,389
c Add lines 4a and 4b....................... 4c -39,389
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5 1,739,146
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 967,234
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3 967,234
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV): ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5 967,234
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
COLLECTIONS AND RELATION TO EXEMPT PURPOSE SCHEDULE D, PAGE 2, PART III, LINE 4 THE FOUNDATION HAS MANY HISTORICAL TREASURES THAT ARE HELD FOR EXHIBITION FOR THE PUBLIC. THESE TREASURES INCLUDE PHI MU JEWELRY, BADGES, AND MEMORABILIA. IT IS THE FOUNDATION'S POLICY TO PROTECT AND PRESERVE THESE ARTIFACTS FOR FUTURE GENERATIONS. THE FOUNDATION HAS ELECTED NOT TO CAPITALIZE THESE COLLECTIONS BECAUSE OF THEIR PRICELESS NATURE.
INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 CHAPTER SPECIFIC FUNDS: FUNDS DESIGNATED BY THE DONOR FOR A SPECIFIC PHI MU CHAPTER FOR EDUCATIONAL, LEADERSHIP, CITIZENSHIP AND PHILANTHROPIC GRANTS. GRANTS MAY BE AWARDED FOR LEADERSHIP EVENTS SPONSORED BY PHI MU, THE UNIVERSITY, OR INTERFRATERNITY GROUPS. GRANTS MAY ALSO BE AWARDED, IF DONOR DESIGNATED, TO FUND ACADEMIC ENDEAVORS. EMERGENCY FUNDS: DESIGNATED FUNDS FOR THE FINANCIAL RELIEF OF PHI MU CHAPTER'S OR MEMBERS FACING FINANCIAL EMERGENCIES DUE TO PERSONAL OR NATURAL DISASTERS. TWO EMERGENCY FUNDS CURRENTLY EXIST, THE BETTY WILKINSON FUND PROVIDES SCHOLARSHIPS TO MEMBERS CURRENTLY ENROLLED IN COLLEGE WHO ARE IN NEED OF FINANCIAL ASSISTANCE FOR TUITION AND FEES. THE LEONA HUGHES HEART AND HAND FUND, PROVIDES FINANCIAL RELIEF TO MEMBERS FACING EMERGENCIES. GRANTS FROM THIS FUND CAN BE USED FOR A VARIETY OF EXPENSES RELATED TO PERSONAL AND NATURAL DISASTERS. A COMMITTEE APPOINTED BY THE BOARD OF TRUSTEES WILL REVIEW REQUESTS AND MAKE RECOMMENDATIONS TO THE BOARD FOR DISBURSEMENT. HISTORICAL PRESERVATION FUND: DESIGNATED TO PROVIDE FUNDING TO PRESERVE AND DISPLAY ITEMS OF HISTORICAL SIGNIFICANCE TO PHI MU, INCLUDING THE PURCHASE OF HISTORICAL ITEMS AS APPROVED BY THE BOARD OF TRUSTEES. THE FUND MAY BE USED TO MAINTAIN AND IMPROVE HISTORICAL ITEMS IN THE PHI MU LIBRARY AND MUSEUM AT THE NATIONAL HEADQUARTERS IN PEACHTREE CITY, GEORGIA OR THE PHILOMATHEON ROOM OF THE CANNONBALL HOUSE IN MACON, GEORGIA. GRANT FUNDS: ESTABLISHED FOR THE ASSISTANCE OF EDUCATIONAL AND LEADERSHIP PROGRAMMING AND SCHOLARSHIPS TO STRENGTHEN PHI MU ACROSS THE COUNTRY. ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE TO FULFILL OUR MISSION STATEMENT. GRANTS ALLOW PHI MU FRATERNITY TO PROVIDE THE PROGRAMMING NECESSARY TO PROMOTE NECESSARY SKILLS TO OUR MEMBERS AND PRESERVE OUR HISTORY. INTERNSHIP/AWARD FUNDS: THESE FUNDS PAY A STIPEND TO MEMBERS WHO ARE SELECTED TO SERVE AS INTERNS FOR CHILDREN MIRACLE NETWORK HOSPIATLS AND PROJECT HOPE. OUR AWARD FUNDS ENCOURAGE YOUNG WOMEN IN PHI MU TO EXCEL IN THE TRAINING OF MEMBERS FOR PHI MU MEMBERSHIP AND TO PROVIDE SCHOLARSHIPS FOR AN INDIVIDUAL COLLEGIAN WHO HAS CONTRIBUTED THE MOST IN SOCIAL SERVICE. LIBRARY FUNDS: DESIGNATED TO ASSIST CHAPTERS' EDUCATIONAL AND PROGRAMMING NEEDS. SCHOLARSHIPS: DESIGNATED TO ASSIST OUR MEMBERS IN FULFILLING THEIR ACADEMIC JOURNEY. UNDERGRADUATE AND GRADUATE SCHOLARSHIPS ARE AVAILABLE.
LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X INCOME TAXES - THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE U.S. INTERNAL REVENUE CODE. THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION. DURING 2011, ALL ACTIVITIES OF THE FOUNDATION QUALIFY AS EXEMPT ACTIVITIES AND DO NOT GIVE RISE TO UNRELATED BUSINESS INCOME. THE FOUNDATION ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE FOUNDATION TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. MANAGEMENT BELIEVES THERE ARE NO MATERIAL ESTIMATES THAT SHOULD BE ACCRUED AS OF JUNE 30, 2011. THE COMPANY IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS ENDING JUNE 30, 2008 THROUGH JUNE 30, 2011.
RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 EQUITY IN LOSS OF INVESTMENT IN PHI MU REAL ESTATE HOLDING -104,227 CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 18,668 CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 16,226 DIRECT FUNDRAISING EXPENSES RECLASSIFICATION 39,389 DIRECT FUNDRAISING EXPENSES RECLASSIFICATION 0
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D EQUITY IN LOSS OF INVESTMENT IN PHI MU REAL ESTATE HOLDING -104,227 CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 18,668 CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 16,226
REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B DIRECT FUNDRAISING EXPENSES RECLASSIFICATION -39,389
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D DIRECT FUNDRAISING EXPENSES RECLASSIFICATION 0
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




SCHEDULE G
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19,
or if the organization entered more than $15,000 on Form 990-EZ, line 6a.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
PHI MU FOUNDATION INC
 
Employer identification number

62-6042543
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
Total .................right arrow      
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.
(a) Event #1

ANNUAL GIVING P
(event type) 		(b) Event #2

FALL DIRECT MAI
(event type) 		(c) Other Events

11
(total number) 		(d) Total Events
(Add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 196,819 69,916 267,281 534,016
2 Less: Charitable
contributions . . . 		196,819 69,916 267,281 534,016
3 Gross income (line 1
minus line 2) . . . 		       
VerticalDirectExpenses 4 Cash prizes . . .        
5 Non-cash prizes . .        
6 Rent/facility costs . .        
7 Food and beverages . .        
8 Entertainment . . .        
9 Other direct expenses .   20,911 18,478 39,389
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 39,389
11 Net income summary. Combine lines 3 and 10 in column (d)............ right arrow -39,389
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (Add col. (a) through col. (c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," Explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," Explain:
 
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ...........................
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 3
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Provide the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Complete this part to provide additional information for responses to quuestion on Schedule G (see instructions.)
Identifier ReturnReference Explanation
Schedule G (Form 990 or 990-EZ) 2010
Additional Data


Software ID:  
Software Version:  
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
PHI MU FOUNDATION INC
 
Employer identification number
62-6042543
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) PHI MU FRATERNITY INC400 WESTPARK DRIVE
PEACHTREE CITY,GA30269 		62-0533776 501 85,159       UIFI PHI MU FRAT.
(2) PHI MU FRATERNITY INC400 WESTPARK DRIVE
PEACHTREE CITY,GA30269 		62-0533776 501 10,000       TRAINING OF OFFICERS
(3) PHI MU FRATERNITY INC400 WESTPARK DRIVE
PEACHTREE CITY,GA30269 		62-0533776 501 40,000       LEADERSHIP CONSULTAN
(4) PHI MU FRATERNITY INC400 WESTPARK DRIVE
PEACHTREE CITY,GA30269 		62-0533776 501 30,000       ADVISORS/HOUSE FORUM
(5) ALPHA DELTA HOUSE CORPORATION
OF PHI MU FRATERNITYPO BOX 8198
UNIVERSITY,MS38677 		64-0307103 501 70,000       EDUCATION HOUSING
(6) DELTA ALPHA HOUSE CORPORATION
OF PHI MU FRATERNITY1442 N JORDAN AVENUE
BLOOMINGTON,IN47406 		31-1025401 501 9,231       TECHNOLOGY UPGRADES












2
Enter total number of section 501(c)(3) and government organizations ......................... Bullet Image
 
3
Enter total number of other organizations ................................ . Bullet Image
 
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2010

Schedule I (Form 990) 2010
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) SCHOLARSHIPS 77 77,000      













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 1. A COMMITTEE ON GRANTS SHALL CONSIST OF TWO REPRESENTATIVES FROM THE FOUNDATION'S BOARD OF TRUSTEES, APPOINTED BIENNIALLY BY THE BOARD OF TRUSTEES; THE FRATERNITY PRESIDENT AND THE FRATERNITY VICE PRESIDENT OF FINANCE. 2. THE COMMITTEE SHALL: A. REVIEW GRANT PROPOSALS SUBMITTED BY THE FRATERNITY AND ASSIGN A PRIORITY TO EACH PROPOSAL. B. RECOMMEND TO THE BOARD OF TRUSTEES ACCEPTANCE OR REJECTION OF PROPOSALS AND AMOUNTS REQUESTED, BASED ON AVALABLE FOUNDATION FUNDS. 3. PROCEDURES FOR FRATERNITY GRANT PROPOSALS: A. THE PURPOSE OF THE GRANT B. SPECIFIC ACTIVITES TO BE FUNDED BY THE GRANT WHICH WILL ACHIEVE THE STATED PURPOSE C. TIME PERIOD OF THE GRANT D. THE GRANT AMOUNT REQUESTED E. DETAILED BUDGET FOR THE GRANT BY EXPENDITURE CATEGORY, F. THE FOUNDATION COMMITTEE ON GRANTS WILL REVIEW SUBMITTED GRANT PROPOSALS, PRIORITZE THE GRANTS, AND RECOMMEND GRANTS TO THE FOUNDATION TRUSTEES FOR A VOTE G. UPON ACCEPTANCE OF THE GRANT PROPOSAL BY THE BOARD OF TRUSTEES, THE FRATERNITY WILL SUBMIT A GRANT AGREEMENT TO THE FOUNDATION PRESIDENT. THE PHI MU FOUNDATION PRESIDENT AND FRATERNITY NATIONAL PRESIDENT WILL SIGN AND DATE THE PHI MU FOUNDATION - PHI MU FRATERNITY GRANT AGREEMENT FORM; THE ORIGNAL OF THE SIGNED AGREEMENT WILL BE RETAINED BY THE FOUNDATION BUSINESS OFFICE, WITH COPIES TO THE FRATERNITY NATIONAL PRESIDENT, VICE PRESIDENT FO FINANCE, EXECUTIVE DIRECTOR, FOUNDATION PRESIDENT, AND VICE PRESIDENT OF FINANCE/CORPORATE SECRETARY. H. THE DATE OF SIGNATURE BY THE FOUNDATION PRESIDENT MARKS THE BEGINNING OF THE ONE YEAR PERIOD FOR USE OF GRANT UNLESS OTHERWISE STATED IN THE GRANT AGREEMENT. I. FUNDS WILL BE DISBURSED UPON RECEIPT OF THE SIGNED GRANT AGEEEMENT BY THE BUSINESS OFFICE J. THE FRATERNITY WILL SUBMIT A SEMI-ANNUAL AND ANNUAL REPORT (AS STATED IN THE GRANT REQUEST TO THE FOUNDATION VICE PRESIDENT OF FINANCE/CORPORATE SECRETARY ON USE OF FUNDS. K. THE FRATERNITY WILL PROVIDE A FINAL RECONCILIATION AT THE END OF THE GRANT PERIOD AND RETURN ANY UNUSED PORTION OF GRANT WITH THE RECONCILIATION. L. THE FRATERNITY PRESIDENT SIGNS AN AGREEMENT STATING THE FUNDS WERE USED FOR THE PURPOSE SPECIFIED IN THE GRANT AGREEMENT.
Schedule I (Form 990) 2010


Additional Data


Software ID:  
Software Version:  


SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
PHI MU FOUNDATION INC
 
Employer identification number

62-6042543
Identifier Return Reference Explanation
ADDITIONAL INFORMATION FORM 990 APPENDIX A - REASONABLE CAUSE STATEMENT - THIS RETURN IS BEING FILED BETWEEN MARCH 1, 2012 AND MARCH 30, 2012, AS DIRECTED BY THE IRS IN NOTICE 2012-4, BECAUSE ELECTRONIC FILING WAS NOT AVAILABLE JANUARY 1, 2012 THROUGH FEBRUARY 29, 2012. WE REQUEST THAT PENALTIES BE WAIVED BECAUSE IT WOULD BE INEQUITABLE TO IMPOSE A PENALTY ON US DUE TO THE UNUSUAL CIRCUMSTANCES REQUIRING US TO DELAY THE FILING OF THIS RETURN.
FIRST ACHIEVEMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4A PHI MU UIFI IS A 5-DAY VALUES BASED LEADERSHIP PROGRAM THAT PROVIDES OPPORTUNITIES TO EXPLORE, DEFINE, AND ENHANCE LEADERSHIP SKILLS, PERSONAL AWARENESS, AND COMMITMENT TO PHI MU. CURRENT AND EMERGING LEADERS FROM EVERY PHI MU CHAPTER CREATE ACTION ORIENTED PLANS FOR THEIR INDIVIDUAL LEADERSHIP POSITIONS DURING UIFI. AS THE FRATERNITY EXPANDED THE TRAINING AVAILABLE TO OUR COLLEGIATE MEMBERS, IT WAS IMPORTANT TO ENSURE OUR ALUMNAE LEADERS WERE ALSO PREPARED TO ASSIST CHAPTERS WITH THE IMPLEMENTATION OF THE NEW IDEAS AND SKILLS BORN FROM UIFI. THE FOUNDATION ASSISTED IN FUNDING TWO MAJOR TRAINING SESSIONS FOCUSED ON ALUMNAE. THE FIRST TRAINING WAS FOR REGIONAL AND AREA OFFICERS AND WAS HELD AT NATIONAL HEADQUARTERS. DURING THE REGIONAL OFFICERS' RETREAT, OFFICERS WERE TRAINED IN THE PROPER HANDLING OF RISK MANAGEMENT SITUATIONS AND GIVEN THE TOOLS TO DEVELOP THEIR OWN LEADERSHIP ABILITIES. THE SECOND TRAINING WAS FOR CHAPTER ADVISERS AND HOUSE-CORPORATION LEADERS. THE ADVISERS/HOUSE CORP FORUM GAVE THE ALUMNAE, WHO WORK WITH OUR COLLEGIATE WOMEN ON A DAILY BASIS, THE TRAINING NEEDED TO PROPERLY HANDLE RISK MANAGEMENT SITUATIONS. ATTENDEES WERE ABLE TO EXPERIENCE A GROUNDBREAKING PRESENTATION ON BYSTANDER BEHAVIOR, CONFRONTATION SKILLS, AND INTERVENTION THROUGH THE RESPONSEABILITY PROGRAM. THIS YEAR, THE FOUNDATION FUNDED THE EDUCATIONAL PORTION OF THE LEADERSHIP CONSULTANTS' SALARIES. LEADERSHIP CONSULTANTS ARE HIRED BY PHI MU FRATERNITY TO TRAVEL FROM CHAPTER TO CHAPTER TO TEACH MEMBERS LIFE SKILLS, INCLUDING COMMUNICATION AND CONFLICT RESOLUTION AS WELL AS PROVIDE LEADERSHIP TRAINING. ANNUALLY, THE LEADERSHIP CONSULTANTS EFFECTIVELY TRAIN SEVERAL THOUSAND OF OUR MEMBERS. BY FUNDING ESSENTIAL EDUCATIONAL PROGRAMS FOR MEMBERS AT BOTH THE COLLEGIATE AND ALUMNAE LEVELS ON LEADERSHIP, RISK MANAGEMENT, CORE VALUES AND COMMITMENT TO PHI MU, PHI MU FOUNDATION CONTINUES TO STRENGTHEN THE SORORITY EXPERIENCE BY INCREASING COMPETENCE AND LEADERSHIP ABILITIES FOR ALL PHI MU MEMBERS.
SECOND ACHIEVEMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4B INTERESTED IN WORKING FOR A CHILDREN'S HOSPITAL. WE PROVIDED A 500 STIPEND FOR 150 HOURS OF WORK. THIS INTERNSHIP IS FUNDED EACH YEAR FROM THE "HAPPY" PARKER LOWDEN CHILDREN'S MIRACLE NETWORK HOSPITALS INTERNSHIP FUND. AS A NATIONAL SPONSOR OF CHILDREN'S MIRACLE NETWORK HOSPITALS, WE HAVE RAISED OVER 8 MILLION DOLLARS SINCE 1986. OUR CHAPTERS HAVE EMBRACED THIS PHILANTHROPIC CAUSE AND CONTINUE TO HELP US MEET OUR GOALS. ALL MONEY DONATED TO CHILDREN'S MIRACLE NETWORK HOSPITALS GOES DIRECTLY TO THE CHILDREN'S MIRACLE NETWORK AND THEN TO THE LOCAL HOSPITAL WHERE THE FUNDS WERE RAISED. WE DO NOT KEEP ANY OF THE MONEY RAISED ON BEHALF OF CHILDREN'S MIRACLE NETWORK HOSPITALS. WE ENSURE THAT OUR ORGANIZATION IS CREDITED WITH THE DOLLARS RAISED. ALL EXPENSES ARE PAID OUT OF THE SOCIAL SERVICES ENDOWMENT FUND. WE ARE EXTREMELY PROUD OF OUR PARTNERSHIP WITH CHILDREN'S MIRACLE NETWORK HOSPITALS AND WILL CONTINUE TO ASSIST THOSE LESS FORTUNATE THROUGH THIS ENDEAVOR.
THIRD ACHIEVEMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4C VISITING OUR HEADQUARTERS AND THE CANNONBALL HOUSE ANNUALLY. THESE TWO VENUES PROVIDE OPPORTUNITIES FOR OUR HISTORICAL PRESERVATION.
CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE MEMBERS OF THE PHI MU FOUNDATION ELECT THE BOARD OF TRUSTEES EVERY TWO YEARS AT THE BIENNIAL MEETING. THE BOARD OF TRUSTEES ARE ON STAGGERING TERMS SO THAT THERE IS CONTINUITY ON EVERY BOARD. SEVERAL TIMES A YEAR, THE MEMBERSHIP IS INFORMED OF THE BOARD OF TRUSTEES' DECISIONS AND ACTIONS.
ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A SEE NOTE REGARDING PART VI, LINE 6
DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B SEE NOTE REGARDING PART VI, LINE 6
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FOUNDATION, VP OF FINANCE, EXECUTIVE DIRECTOR, BUSINESS MANAGER, AND PREPARER REVIEW AND MAKE ANY CHANGES TO THE 990. A VOTE IS THEN TAKEN BY THE BOARD OF TRUSTEES TO APPROVE THE FILING BEFORE IT IS FILED WITH THE IRS.
ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C VOLUNTEERS SIGN A CONFLICT OF INTEREST STATEMENT. IF A POTENTIAL CONFLICT ARISES, THE EXECUTIVE DIRECTOR IS INSTRUCTED BY THE PRESIDENT TO INVESTIGATE AND REPORT THE FINDINGS TO THE BOARD OF TRUSTEES.
COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL INITIAL SALARY FOR THE EXECUTIVE DIRECTOR IS SET BY THE EXECUTIVE DIRECTOR SEARCH COMMITTEE. DURING THE ANNUAL REVIEW PROCESS ANY CHANGE IN SALARY IS APPROVED BY THE BOARD OF TRUSTEES DURING AN EXECUTIVE SESSION MEETING.
COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION PROCESS FOR OFFICERS. THE EXECUTIVE DIRECTOR SETS SALARIES FOR KEY EMPLOYEES AND STAFF MEMBERS WITHIN BUDGETARY LIMITS SET BY THE BOARD OF TRUSTEES. THE SALARIES ARE REVIEWED BY THE PRESIDENT AND VICE PRESIDENT OF FINANCE FOR FINAL APPROVAL.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND GIVEN TO A MEMBER OF THE PHI MU FOUNDATION. THE BOARD OF TRUSTEES ARE GIVEN A FINAL COPY AFTER THE 990 HAS BEEN FILED WITH THE IRS. COPIES ARE ALSO AVAILABLE AT OUR ANNUAL MEETINGS AND POSTED ON GUIDESTAR, A PUBLIC NONPROFIT DATABASE, BY THE FOUNDATION.
OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 SUBSEQUENT TO THE ISSUANCE OF THE JUNE 30, 2010 FINANCIAL STATEMENTS, MANAGEMENT DETERMINED THAT THE CLASSIFICATIONS OF CERTAIN NET ASSETS WERE NOT CORRECT. ALSO IT WAS DETERMINED BY MANAGEMENT THAT CERTAIN INTEREST IN CHARITABLE REMAINDER TRUSTS HAVE NOT BEEN RECORDED ON THE BOOKS OF THE FOUNDATION, WHICH RESULTED IN A 145,232 ADJUSTMENT TO BEGINNING NET ASSETS. OTHER ADJUSTMENTS INCLUDE 254,265, REPRESENTING THE UNREALIZED GAIN ON INVESTMENTS. ADDITIONALLY, THERE WAS AN AGGREGATE OF -69,333 OF ADJUSTMENTS EXHIBITED ON SCHEDULE D, PART XI, LINE 8 WHICH ARE DETAILED WITHIN THE SUPPLEMENTAL INFORMATION ON SCHEDULE D. PRIOR PERIOD ADJUSTMENT: 145,232 UNREALIZED GAIN ON INVESTMENTS: 254,265 ADJUSTMENTS NOTED ON SCHEDULE D: -69,333 TOTAL ADJUSTMENTS: 408,942
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
PHI MU FOUNDATION INC
 
Employer identification number

62-6042543
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity

















Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No
(1) PHI MU FRATERNITY

400 WESTPARK DRIVE

PEACHTREE CITY,GA30269
62-0533776 		FRATERNITY GA 7   N/A
 
No
(2) PHI MU REAL ESTATE HOLDING
COMPANY INC
400 WESTPARK DRIVE

PEACHTREE CITY,GA30269
20-3111510 		RE HOLDING GA 2   N/A
 
No










For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership












Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
No
b Gift, grant, or capital contribution to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Sale of assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Performance of services or membership or fundraising solicitations for other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations by other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Sharing of facilities, equipment, mailing lists, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of paid employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Reimbursement paid to other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid by other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
Yes
 
q Other transfer of cash or property to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
No
r Other transfer of cash or property from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) PHI MU FRATERNITY INC

 B 165,159 CASH TRANSFERRED
(2) PHI MU REAL ESTATE HOLDING COMPANY

 M 144,752 CASH TRANSFERRED
(3) ALPHA DELTA HOUSING
CORPORATION OF PHI MU FRATERNITY
 B 70,000 CASH TRANSFERRED
(4) PHI MU FRATERNITY INC

 O 116,788 CASH TRANSFERRED
(5)
(6)
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Are all
partners
section
501(c)(3)
organizations? 		(e)
Share of
end-of-year
assets 		(f)
Disproprtionate allocations? 		(g)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(h)
General or
managing
partner?
Yes No Yes No Yes No






























Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
Additional Data


Software ID:  
Software Version: