Phi Chi Medical Fraternity Inc
- Assets
- $336.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Floyds Knobs, IN
- Founding
- 11/1940
- Data as of
- 11/2021
- EIN
- 58-0384615
Organization Overview
Phi Chi Medical Fraternity Inc is located in Floyds Knobs, IN. 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 parent organization of 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 11/2021, Phi Chi Medical Fraternity Inc generated $58.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $32.2k during the year ending 11/2021. While expenses have increased by 1.6% per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
FUNDS ARE USED TO SUPPORT MEDICAL STUDENTS WITH SCHOLARSHIPS, LOANS, LIBRARIES, AND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kailynn Adam Grand Presiding Senior | 4 | $0 | |
Lawrence Leblond Secretary/treasurer | 4 | $0 | |
Shangir Siddique Grand Presiding Junior | 4 | $0 | |
Vaugn Devera Grand Presiding Junior | 4 | $0 | |
Shilpen Patel Chairman | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,039 |
| Total Program Service Revenue | $0 |
| Membership dues | $32,709 |
| Investment income | $1,205 |
| Gain or Loss | -$8 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $322 |
| Total Revenue | $58,267 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,882 |
| Professional fees and other payments to independent contractors | $3,420 |
| Occupancy, rent, utilities, and maintenance | $900 |
| Printing, publications, postage, and shipping | $10,220 |
| Other expenses | $4,803 |
| Total expenses | $32,225 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $103,025 |
| Other assets | $0 |
| Total assets | $336,482 |
| Total liabilities | $1,425 |
| Net assets or fund balances | $335,057 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |