Phi Sigma Pi recognizes the top chapter within each region each year during its annual awards banquet held at the National Convention. Chapters are evaluated on the following criteria:
- Scholarship
- Leadership
- Fellowship
- Recruitment/Initiation
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- Alumni Relations
- Fundraising
- Administration
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Phi Sigma Pi currently has each of its chapters assigned to one of nineteen geographic regions.
The following regions were phased out as a result of the 2010 Regional Realignment.
With successful expansion efforts in the West, the Southwest Region was phased out in 2011. Two new regions (the Pacific Coast and West Regions) were created as a result.

| Allegheny Region (phased out in 2010) |
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- Indiana University of Pennsylvania
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- Slippery Rock University of Pennsylvania
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| Bluegrass Region |
| 2011 |
- Middle Tennessee State University
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| 2012 |
- Western Kentucky University
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| Buckeye Region |
| 2011 |
- Northern Kentucky University
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| 2012 |
- The Ohio State University
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| Capital Region |
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| Central Region (phased out in 2010) |
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- Missouri State University
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| Central Pennsylvania Region |
| 2011 |
- Millersville University of Pennsylvania
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| 2012 |
- Lock Haven University of Pennsylvania
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| Dominion Region |
| 2011 |
- College of William and Mary
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| 2012 |
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| East Region |
| 2004 |
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- West Chester University of Pennsylvania
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| Great Lakes Region |
| 2004 |
- Central Michigan University
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- Michigan State University
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- Michigan State University
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- Michigan State University
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- Central Michigan University
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| 2011 |
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- Michigan State University
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| Great Plains Region |
| 2011 |
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| 2012 |
- University of Central Missouri
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| Keystone Region (phased out in 2010) |
| 2004 |
- Pennsylvania State University
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| 2005 |
- Shippensburg University of Pennsylvania
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- York College of Pennsylvania
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| 2007 |
- Shippensburg University of Pennsylvania
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- Shippensburg University of Pennsylvania
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| Lonestar Region |
| 2011 |
- University of Texas - San Antonio
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| 2012 |
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| Mid Atlantic Region |
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- North Carolina State University
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- North Carolina State University
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| Mid South Region |
| 2004 |
- Morehead State University
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- Morehead State University
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- Morehead State University
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- Morehead State University
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- Morehead State University
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- Georgia Institute of Technology
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| 2011 |
- Georgia Institute of Technology
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| Northeast Region |
| 2004 |
- Mansfield University of Pennsylvania
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- Rochester Institute of Technology
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| 2007 |
- Rochester Institute of Technology
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- University of Connecticut
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| Philadelphia Metropolitan Region |
| 2011 |
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Pacific Coast Region
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- University of California - San Diego
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| South Region |
| 2004 |
- Louisiana State University
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- Louisiana State University
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- Louisiana State University
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- Louisiana State University
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- Louisiana State University
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- Louisiana State University
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- Louisiana State University
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| Southeast Region |
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- University of South Florida
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| Southwest Region (phased out in 2010) |
| 2004 |
- University of California at Berkeley
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- University of Northern Colorado
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- University of California at Berkeley
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- University of California at Berkeley
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- University of California at Berkeley
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- University of Northern Colorado
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| 2011 |
- University of Northern Colorado
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| Upper Mid West Region |
| 2011 |
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| 2012 |
- University of Minnesota - Mankato
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| Western Pennsylvania Region |
| 2011 |
- California University of Pennsylvania
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| 2012 |
- Indiana University of Pennsylvania
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