Phi Chi Medical Fraternity Inc
- Assets
- $30.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/1940
- Data as of
- 06/2024
- EIN
- 41-0379435
Organization Overview
Phi Chi Medical Fraternity Inc is located in Minneapolis, MN. The organization was established in 1940. 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. Phi Chi Medical 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, Phi Chi Medical Fraternity Inc generated $113.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $111.6k during the year ending 06/2024. While expenses have increased by 4.5% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PROVIDING GRADUATE FRATERNITY ACTIVITIES, HOUSING, ANDENVIRONMENT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Berg Treasurer | 4 | $0 | |
Peyton Nelson President | 4 | $0 | |
Spencer Weyandt House Manager | 20 | $0 | |
Saumith Bachigari House Manager | 1 | $0 | |
Shreya Chanda Social Chair | 4 | $0 | |
Emma Kelly Social Chair | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $113,499 |
| Membership dues | $0 |
| Investment income | $56 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15 |
| Total Revenue | $113,570 |
| 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 | $2,675 |
| Occupancy, rent, utilities, and maintenance | $85,865 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,097 |
| Total expenses | $111,637 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,089 |
| Other assets | $0 |
| Total assets | $30,307 |
| Total liabilities | $3,918 |
| Net assets or fund balances | $26,389 |