Chi Phi Fraternity Inc
- Assets
- $1.7m
- Revenue
- $1.4m
- Investments
- $99.2k
- Employees
- 11
- Location
- Suwanee, GA
- Founding
- 05/1987
- Data as of
- 06/2021
- EIN
- 58-0191430
Organization Overview
Chi Phi Fraternity Inc is located in Suwanee, GA. The organization was established in 1987. 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 06/2021, Chi Phi Fraternity Inc employed 11 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Chi Phi 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 06/2021, Chi Phi Fraternity Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD BETTER MEN THROUGH LIFELONG FRIENDSHIPS, LEADERSHIP OPPORTUNITIES, AND CHARACTER DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS THE OPERATIONS OF 47 CHAPTERS AND 1 ASSOCIATE CHAPTER.
SPONSORS GROUP LIABILITY INSURANCE PROGRAM FOR ALL CHAPTERS AND PROVIDES PROGRAMS TO EDUCATE MEMBERS REGARDING RISK MANAGEMENT AND COMPLIANCE WITH THE FRATERNITY'S PERSONAL SAFETY POLICY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Azarian Executive Director | Officer | 40 | $121,555 |
Daniel Coutcher Editor-In-Chief Of Chakett | OfficerTrustee | 40 | $43,260 |
Robert Walker Grand Alpha | OfficerTrustee | 5 | $0 |
James Soderquist Grand Beta | OfficerTrustee | 1 | $0 |
David Ebner Grand Delta | OfficerTrustee | 1 | $0 |
John Christian Grand Gamma | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $177,509 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $228,388 |
| Total Program Service Revenue | $1,059,980 |
| Investment income | $11,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,193 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,353,690 |
| 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. | $132,294 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,484 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,964 |
| Payroll taxes | $32,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,175 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,944 |
| Fees for services: Other | $21,960 |
| Advertising and promotion | $0 |
| Office expenses | $26,662 |
| Information technology | $6,948 |
| Royalties | $0 |
| Occupancy | $35,999 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,540 |
| Insurance | $358,490 |
| All other expenses | $72,813 |
| Total functional expenses | $1,157,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646,702 |
| Savings and temporary cash investments | $263,103 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,976 |
| Prepaid expenses and deferred charges | $100,618 |
| Net Land, buildings, and equipment | $6,520 |
| Investments—publicly traded securities | $399,781 |
| Investments—other securities | $99,221 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,765 |
| Total assets | $1,700,100 |
| Accounts payable and accrued expenses | $106,628 |
| Grants payable | $0 |
| Deferred revenue | $113,674 |
| 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 | $220,302 |
| Net assets without donor restrictions | $1,479,798 |
| 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 | $1,700,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Kappa Phi Properties Inc Charlotte, NC | $36,157,884 | $10,688,194 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Omega Psi Phi Fraternity Decatur, GA | $10,119,312 | $8,150,669 |
Alpha Gamma Delta Fraternity Tuscaloosa, AL | $2,561,270 | $3,643,915 |
House Board Of Gamma Pi Of Kappa Kappa Gamma Tuscaloosa, AL | $20,813,023 | $3,697,163 |
Nautilus Management Inc Memphis, TN | $16,834,211 | $2,172,564 |
Alabama Beta Of Pi Beta Phi House Association Incorporated Tuscaloosa, AL | $16,056,470 | $2,809,750 |
The Tau Beta Pi Association Inc Knoxville, TN | $43,758,884 | $4,633,459 |
Kappa Delta Sorority Tuscaloosa, AL | $18,544,101 | $3,357,016 |
Alpha Chi Omega Alpha Upsilon House Corporation Tuscaloosa, AL | $17,872,945 | $3,140,605 |
Phi Mu House Corporation Tuscaloosa, AL | $18,579,547 | $3,616,804 |
Alpha Delta Pi Building Corporation Tuscaloosa, AL | $14,319,134 | $2,607,081 |