Phi Chi Theta Inc
- Assets
- $825.7k
- Revenue
- $307.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Carrollton, TX
- Founding
- 07/1948
- Data as of
- 07/2022
- EIN
- 58-0638900
Organization Overview
Phi Chi Theta Inc is located in Carrollton, TX. The organization was established in 1948. 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 Theta Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2022, Phi Chi Theta Inc generated $307.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $205.1k during the year ending 07/2022. While expenses have increased by 4.3% 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
TRAIN LEADERSHIP SKILLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY BOARD AND REGIONAL MEETINGS - OFFICERS MEET TO REVIEW ACTIVITIES, ASSESS EFFICIENCY RATINGS, AND TO ASSURE DESIRED DIRECTION IS MAINTAINED AT ALL EVENTS
VISITATION AND EXPANSION - AREA DIRECTORS VISIT ACTIVE CHAPTERS TO ASSIST IN CHAPTER MANAGEMENT.
FRATERNITY PUBLICATION - PUBLICATION SENT PERIODICALLY TO ALL MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saundra Finley Executive Dir. | Trustee | 40 | $77,000 |
Gary Hodge President | Officer | 0 | $0 |
Mike Grover Vice President | Officer | 0 | $0 |
Christine Wong Vice President | Officer | 0 | $0 |
Katie Griffin Vice President | Officer | 0 | $0 |
Melissa King Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $248,630 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,672 |
| Total Program Service Revenue | $53,243 |
| Investment income | $4,284 |
| 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 | $1,110 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,309 |
| 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. | $77,000 |
| 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 | $5,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,550 |
| Fees for services: Accounting | $3,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,470 |
| Advertising and promotion | $0 |
| Office expenses | $14,330 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $35,353 |
| 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 | $0 |
| Insurance | $26,977 |
| All other expenses | $0 |
| Total functional expenses | $205,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $809,929 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,783 |
| Total assets | $825,712 |
| Accounts payable and accrued expenses | $4,581 |
| 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 | $4,581 |
| Net assets without donor restrictions | $821,131 |
| 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 | $825,712 |
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