Psi Chapter Of Alpha Phi Corporatio
- Assets
- $276.6k
- Revenue
- $246.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1949
- Data as of
- 06/2022
- EIN
- 46-0227302
Organization Overview
Psi Chapter Of Alpha Phi Corporatio is located in Chicago, IL. The organization was established in 1949. 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. Psi Chapter Of Alpha Phi Corporatio is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Psi Chapter Of Alpha Phi Corporatio generated $246.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $228.2k during the year ending 06/2022. While expenses have increased by 6.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALPHA PHI IS A SISTERHOOD OF WOMEN SUPPORTING EACH OTHER IN LIFELONG ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENT FACILITY THAT HOUSES SOME MEMBERS OF THE ORGANIZATION AND PROVIDES MEETING FACILITIES FOR ALL MEMBERS. THE EXPERIENCE OF LIVING AND MEETING TOGETHER PROMOTES BONDS BETWEEN MEMBERS AND PROVIDES MUTUAL SUPPORT.
PURCHASED CLOTHING AND OTHER BRANDED MATERIAL TO BE USED BY MEMBERS. MEMBERS UTILIZING ALPHA PHI BRANDED MATERIALS MARKETS THE ORGANIZATION TO POTENTIAL NEW MEMBERS WHO ATTEND THE UNIVERSITY. THE USE OF BRANDED MATERIAL ALSO IDENTIFIES MEMBERS AND ENCOURAGES NON MEMBERS TO INQUIRE ABOUT MEMBERSHIP.
ALL MEMBERS PARTICIPATE IN FORMAL RECRUITMENT TRAINING AND FORMAL RECRUITMENT THAT TAKES PLACE OVER A NUMBER OF DAYS. AS A RESULT OF THEIR EFFORTS 44 MEMBERS JOINED THE ORGANIZATION. PARTICIPATION IN RECRUITMENT ACTIVITIES PROMOTES BONDS BETWEEN MEMBERS AND TEACHES VALUABLE INTERVIEWING AND SOCIAL SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richards Ellie President | Officer | 6 | $0 |
Bamberg Jenna VP Of Health | Officer | 3 | $0 |
Sebert Hannah VP Of Mem. Recr | Officer | 3 | $0 |
Arend Elizabeth VP Of New Memb. | Officer | 3 | $0 |
Saar Peyton VP Of Marketing | Officer | 3 | $0 |
Florey Carli VP Of Diversity | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $246,187 |
| Investment income | $83 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $600 |
| Fees for services: Accounting | $360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,527 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,977 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $24,183 |
| Total functional expenses | $228,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,834 |
| Savings and temporary cash investments | $116,810 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $276,644 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $276,644 |
| Total liabilities and net assets/fund balances | $276,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Kappa Alpha Sorority Inc Chicago, IL | $52,441,632 | $51,516,125 |
Alpha Chi Omega Fraternity Inc Subordinate Group Return Indianapolis, IN | $14,649,947 | $40,155,392 |
Alpha Kappa Alpha Sorority Inc Chicago, IL | $69,493,289 | $32,008,594 |
Kappa Alpha Theta Fraternity Housing Corporation Indianapolis, IN | $75,225,984 | $20,546,319 |
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |