Chi Phi Fraternity Inc is located in Auburn, AL. The organization was established in 1972. 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 03/2024, Chi Phi Fraternity Inc generated $117.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $116.5k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 4 years. 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
2024
Describe the Organization's Program Activity:
Part 3
PROVIDE FUNCTIONS AND HOUSING FOR MEMBERS OF SOCIAL FRATERNITY LOCATED AT AUBURN UNIVERSITY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alan Biddle Trustee | 2 | $0 | |
Jimmy Leath Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $117,005 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $117,005 |
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 | $0 |
Occupancy, rent, utilities, and maintenance | $53,711 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $62,808 |
Total expenses | $116,519 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $5,643 |
Other assets | $0 |
Total assets | $6,843 |
Total liabilities | $0 |
Net assets or fund balances | $6,843 |