Chi Phi Educational Trust
- Assets
- $4.9m
- Revenue
- $563.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Suwanee, GA
- Founding
- 08/1980
- Data as of
- 06/2020
- EIN
- 58-6035103
Organization Overview
Chi Phi Educational Trust is located in Suwanee, GA. The organization was established in 1980. 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 Educational Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chi Phi Educational Trust 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 06/2020, Chi Phi Educational Trust generated $563.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $677.7k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (9.2%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD BETTER MEN AND CHANGE LIVES BY PROMOTING SCHOLARSHIP, DEVELOPING CHARACTER, IMPROVING EDUCATIONAL FACILITIES AND SUPPORTING CHARITABLE CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHI PHI EDUCATIONAL TRUST MAINTAINS FUNDS THAT ARE RESTRICTED TO SUPPORT INDIVIDUALS FROM A PARTICULAR CHI PHI CHAPTER OR WHO MEET DONOR-DESIGNATED CRITERIA. THESE FUNDS PROVIDED 30 SCHOLARSHIPS TO SUPPORT HIGHER EDUCATION IN NORTH AMERICA. IN ADDITION, THESE FUNDS PROVIDED OVER 3,000 SQUARE FEET IN EDUCATIONAL HOUSING SPACE AND PROVIDED EDUCATIONAL PROGRAMMING FOR UNDERGRADUATE STUDENTS.
THE CHI PHI EDUCATIONAL TRUST HELPED BUILD BETTER MEN AND POSITION STUDENTS FOR SUCCESS BY PROVIDING 39 ACADEMIC SCHOLARSHIPS. THESE SCHOLARSHIPS ARE AVAILABLE TO OVER 2,000 STUDENTS. THE TRUST ALSO PROVIDED EMERGENCY GRANTS TO 13 INDIVIDUALS BASED ON NEED.
THE CHI PHI EDUCATIONAL TRUST HELPED BUILD BETTER MEN AND CHANGE LIVES BY SUPPORTING EDUCATIONAL PROGRAMS AND LEADERSHIP TRAINING TO UNDERGRADUATE STUDENTS AND CHAPTERS. THE TRUST AWARDED EDUCATIONAL GRANTS TO TRAIN 48 CHAPTER PRESIDENTS AND 50 NEW MEMBER EDUCATORS AT THE CHI PHI ALPHAS & THETAS ACADEMY, AND 318 STUDENTS AND OFFICERS AT REGIONAL PROGRAMS. IN ADDITION, THE TRUST AWARDED EDUCATIONAL GRANTS TO CONDUCT XXX VIRTUAL TRAINING PROGRAMS FOR STUDENTS AND OFFICERS DURING COVID.
THE CHI PHI EDUCATIONAL TRUST PUBLISHES SEVERAL EDUCATIONAL PUBLICATIONS ON AN ANNUAL BASIS; A TRAINING GUIDE TO 500 NEW STUDENTS, AN INSTRUCTOR'S MANUAL FOR EDUCATORS AND FACILITATORS AND PORTION OF THE CHAKETT MAGAZINE WHICH IS DISTRIBUTED TWICE PER YEAR TO MORE THAN 25,000 PEOPLE FOR INFORMATIONAL AND INSTRUCTIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Perez Treasurer | OfficerTrustee | 5 | $0 |
Robert Ramin Vice-Chairman | OfficerTrustee | 5 | $0 |
John Hutzler Secretary | OfficerTrustee | 5 | $0 |
Francis J Nolan Chairman | OfficerTrustee | 10 | $0 |
Daniel Ahearn Trustee | Trustee | 1 | $0 |
Blake Gober Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $472,404 |
| Investment income | $111,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,077 |
| Net Gain/Loss on Asset Sales | -$27,306 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $563,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $194,223 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $10,137 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,541 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,245 |
| Advertising and promotion | $0 |
| Office expenses | $6,271 |
| Information technology | $19,745 |
| Royalties | $0 |
| Occupancy | $11,775 |
| Travel | $2,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,354 |
| Insurance | $1,966 |
| All other expenses | $0 |
| Total functional expenses | $677,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,930 |
| 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 | $15,217 |
| Investments—publicly traded securities | $3,978,923 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $106,283 |
| Total assets | $4,880,367 |
| Accounts payable and accrued expenses | $28,563 |
| 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 | $40,551 |
| Total liabilities | $69,114 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,811,253 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Chi Phi Educational Trust has recieved totaling $85,275.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: THE VIC PRYLES MEMORIAL SCHOLARSHIP AND ETA CHAPTER | | $67,200 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $15,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $2,545 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $281 |
Caridad Corporation Excelsior, MN PURPOSE: FURTHER THE TAX EXEMPT PURPOSE OF THE CHARITY | $249 |
Endowment Analysis
| Beg. Balance | $1,241,871 |
| Earnings | $274,266 |
| Admin Expense | $22,353 |
| Net Contributions | $63,230 |
| Other Expense | $5,554 |
| Grants | $41,909 |
| Ending Balance | $1,509,551 |
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 |