Phi Chi Medical Fraternity Inc
- Assets
- $470.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 11/1940
- Data as of
- 03/2022
- EIN
- 41-6037015
Organization Overview
Phi Chi Medical Fraternity Inc is located in Minneapolis, MN. The organization was established in 1940. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Phi Chi Medical Fraternity Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2022, Phi Chi Medical Fraternity Inc generated $81.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $49.7k during the year ending 03/2022. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING GRADUATE FRATERNITY HOUSING, ACTIVITIES AND ENVIRONMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Grubbs Co-President | 1 | $0 | |
Erik Lund Co-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $61,094 |
| Membership dues | $0 |
| Investment income | $9,495 |
| Gain or Loss | $11,193 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,782 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,466 |
| Occupancy, rent, utilities, and maintenance | $13,608 |
| Printing, publications, postage, and shipping | $97 |
| Other expenses | $34,480 |
| Total expenses | $49,651 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $100,272 |
| Other assets | $0 |
| Total assets | $470,481 |
| Total liabilities | $1,022 |
| Net assets or fund balances | $469,459 |
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Pi Sigma Epsilon Inc Milwaukee, WI | $511,121 | $648,587 |
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