Chi Phi Fraternity Inc
- Assets
- $55.6k
- Revenue
- $366.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Bethlehem, PA
- Founding
- 05/1941
- Data as of
- 06/2024
- EIN
- 23-0797566
Organization Overview
Chi Phi Fraternity Inc is located in Bethlehem, PA. 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 06/2024, Chi Phi Fraternity Inc generated $366.0k in total revenue. All expenses for the organization totaled $352.5k during the year ending 06/2024. While expenses have increased by 69.4% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD BETTER MEN THROUGH LIFE LONG FRIENDSHIP, LEADERSHIP OPPORTUNITIES, ACADEMIC ACHIEVEMENT AND CHARACTER DEVELOPMENT. TO PROVIDE AN ENVIRONMENT WHERE ACADEMIC STUDY AND SELF GOVERNANCE CAN BE NURTURED AND DEVELOPED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THIS PARTICULAR YEAR THE ORGANIZATION MAINTAINED THE COLLECTIVE MEMBERSHIP AS A UNIT, DESPITE BEING LOCATED IN SEVERAL DIFFERENT LOCATIONS AND UNABLE TO LIVE TOGETHER AS ONE UNIT.
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Fullenbaum President | Officer | 20 | $0 |
Tommy Burke Vice President | Officer | 15 | $0 |
Frank Tomborro Secretary | Officer | 5 | $0 |
Jonah Nathan Treasurer | Officer | 20 | $0 |
Devin Pombo House Manager | Officer | 15 | $0 |
Luca Mandiya Historian | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,190 |
| Total Program Service Revenue | $344,790 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,980 |
| 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 | $47,450 |
| Pension plan accruals and contributions | $500 |
| Other employee benefits | $1,055 |
| Payroll taxes | $4,672 |
| Fees for services: Management | $3,381 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $891 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,599 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,157 |
| Interest | $0 |
| Payments to affiliates | $22,780 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,540 |
| All other expenses | $6,908 |
| Total functional expenses | $352,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,600 |
| 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 | $0 |
| Total assets | $55,600 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $160 |
| 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 | $160 |
| 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 | $55,440 |
| Total liabilities and net assets/fund balances | $55,600 |