Chi Phi Fraternity Inc
- Assets
- $363.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Carrollton, GA
- Founding
- 05/1941
- Data as of
- 12/2022
- EIN
- 58-1756433
Organization Overview
Chi Phi Fraternity Inc is located in Carrollton, GA. The organization was established in 1941. 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. 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 12/2022, Chi Phi Fraternity Inc generated $73.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $88.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Brown President | 1 | $0 | |
Chris Shuler Treasurer | 2 | $0 | |
Ben Musgrove Vice President/ Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,252 |
| Total Program Service Revenue | $54,408 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,660 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $60,166 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,416 |
| Total expenses | $88,082 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,314 |
| Other assets | $0 |
| Total assets | $363,299 |
| Total liabilities | $312,443 |
| Net assets or fund balances | $50,856 |