Chi Eta Phi Sorority Incorporated
- Assets
- $2.8m
- Revenue
- $837.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 06/1985
- Data as of
- 05/2022
- EIN
- 54-6040360
Organization Overview
Chi Eta Phi Sorority Incorporated is located in Washington, DC. The organization was established in 1985. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 05/2022, Chi Eta Phi Sorority Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chi Eta Phi Sorority Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Chi Eta Phi Sorority Incorporated generated $837.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.1m during the year ending 05/2022. 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
TO PROMOTE HIGHER STANDARDS FOR NURSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE HIGHER EDUCATIONAL BACKGROUND FOR NURSING PROFESSIONALS TO DEVELOP A RELATIONSHIP AMONG MEMBERS AND OTHER PROFESSIONAL GROUPS AND TO PROMOTE RECRUITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Killian President | OfficerTrustee | 20 | $0 |
Samantha Agee 2nd Vice Pre | OfficerTrustee | 15 | $0 |
Jonnie Hamilton 1st Vice Pre | OfficerTrustee | 15 | $0 |
Erica Palmer Treasurer | OfficerTrustee | 20 | $0 |
Deborah Stamps Past Vice Pr | OfficerTrustee | 5 | $0 |
Constance Sumner Past Secreta | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $543,385 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $553,138 |
| Total Program Service Revenue | $213,450 |
| Investment income | $15,987 |
| 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 | $55,285 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $837,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $108,877 |
| 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 | $149,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,860 |
| Fees for services: Accounting | $36,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,170 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,780 |
| Insurance | $500 |
| All other expenses | $122,552 |
| Total functional expenses | $1,069,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,348,658 |
| Savings and temporary cash investments | $0 |
| 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 | $614,776 |
| Investments—publicly traded securities | $832,645 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,211 |
| Total assets | $2,830,290 |
| Accounts payable and accrued expenses | $5,033 |
| 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 | $5,033 |
| Net assets without donor restrictions | $2,825,257 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,830,290 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chi Eta Phi Sorority Incorporated has recieved totaling $4,600.
| Awarding Organization | Amount |
|---|---|
Tearte Family Foundation Charlotte, NC PURPOSE: EXEMPT PURPOSE ON FILE | $4,600 |
Endowment Analysis
| Beg. Balance | $167,463 |
| Ending Balance | $167,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Weachieve Inc Silver Spring, MD | $15,012,410 | $16,647,397 |
Sigma Phi Epsilon Fraternity Inc Richmond, VA | $54,140,029 | $10,282,777 |
Phi Beta Kappa Society Washington, DC | $4,794,114 | $5,810,818 |
Zeta Phi Beta Sorority Inc Washington, DC | $20,915,125 | $7,582,963 |
Phi Sigma Sigma National Housing Corporation Eldersburg, MD | $5,105,404 | $4,513,250 |
Phi Beta Sigma Fraternity Inc Washington, DC | $7,959,473 | $5,690,900 |
Sigma Nu Educational Foundation Inc Lexington, VA | $16,834,611 | $2,302,992 |
Alpha Omega Clinic And Consultation Fairfax, VA | $317,274 | $1,917,356 |
Kappa Alpha Order Educational Foundation Lexington, VA | $13,471,837 | $4,116,886 |
Omicron Delta Kappa Society And Educational Foundation Inc Lexington, VA | $3,864,125 | $1,527,453 |
Chi Eta Phi Sorority Incorporated Washington, DC | $2,830,290 | $837,860 |
Phi Alpha Delta Law Fraternity Towson, MD | $1,200,640 | $1,131,381 |