Rho Chi Society
- Assets
- $875.8k
- Revenue
- $245.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- Data as of
- 12/2023
- EIN
- 84-3646684
Organization Overview
Rho Chi Society is located in Ann Arbor, MI. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rho Chi Society 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 12/2023, Rho Chi Society generated $245.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $213.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS THE ACADEMIC HONOR SOCIETY IN PHARMACY, THE RHO CHI SOCIETY: ENCOURAGES AND RECOGNIZES INTELLECTUAL ACHIEVEMENT STIMULATES CRITICAL INQUIRY TO ADVANCE PHARMACY CONTRIBUTES TO THE DEVELOPMENT OF INTELLECTUAL LEADERS PROMOTES HIGHEST ETHICAL STANDARDS FOSTERS COLLABORATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF EXCELLENCE IN PHARMACY BY STIMULATING FURTHER STUDY IN THE FIELD THROUGH MONETARY AWARDS, SCHOLARSHIPS AND FELLOWSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Boucher Treasurer | OfficerTrustee | 1 | $0 |
Karen B Farris Exec Vice Pr | OfficerTrustee | 2 | $0 |
Jelena Lewis Secretary | OfficerTrustee | 1 | $0 |
Cynthia M Phillips Historian | OfficerTrustee | 1 | $0 |
Emmanuelle Schwartzman Past Preside | OfficerTrustee | 1 | $0 |
Andrew Smith President El | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $174,218 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,961 |
| Total Program Service Revenue | $50,417 |
| Investment income | $1,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $19,187 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,691 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,491 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $350 |
| Advertising and promotion | $0 |
| Office expenses | $4,080 |
| Information technology | $14,278 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,291 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $481 |
| Total functional expenses | $213,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,304 |
| 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 | $677,489 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $875,793 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $875,793 |
| Total liabilities and net assets/fund balances | $875,793 |