Xi Psi Phi Fraternity
- Assets
- $241.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Alton, IL
- Founding
- 02/1941
- Data as of
- 11/2023
- EIN
- 43-0632420
Organization Overview
Xi Psi Phi Fraternity is located in East Alton, IL. The organization was established in 1941. 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 parent organization of an affiliated group for tax-exemption purposes. Xi Psi Phi Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 11/2023, Xi Psi Phi Fraternity generated $83.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $53.9k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 4 years. 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE ACADEMIC SCHOLARSHIPS AND LOANS TO DENTAL STUDENTS; DISSEMINATE LITERATURE TO MEMBERS TO FOSTER ADVANCEMENT IN PROFESSIONAL GOALS; PUBLISH QUARTERLY MAGAZINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Schwenk Prov. Ii Chair | 0 | $0 | |
Keith W Dickey Supr Sec | 20 | $9,000 | |
Randy A Parmlee Stud. Loan Trustee | 0 | $0 | |
Andrea Carvalho President Elect | 0 | $0 | |
J Stansill Covington Prov. Iv Chair | 0 | $0 | |
David Grogan Foundation Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,125 |
| Total Program Service Revenue | $0 |
| Membership dues | $75,666 |
| Investment income | $5,896 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $231 |
| Total Revenue | $83,918 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $17,750 |
| Professional fees and other payments to independent contractors | $9,250 |
| Occupancy, rent, utilities, and maintenance | $2,926 |
| Printing, publications, postage, and shipping | $1,740 |
| Other expenses | $22,243 |
| Total expenses | $53,909 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $239,001 |
| Other assets | $0 |
| Total assets | $241,357 |
| Total liabilities | $843 |
| Net assets or fund balances | $240,514 |