Phi Chi Theta Inc
- Assets
- $926.7k
- Revenue
- $376.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Carrollton, TX
- Founding
- 07/1948
- Data as of
- 07/2024
- EIN
- 58-0638900
Organization Overview
Phi Chi Theta Inc is located in Carrollton, TX. The organization was established in 1948. 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 parent organization of an affiliated group for tax-exemption purposes. Phi Chi Theta Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2024, Phi Chi Theta Inc generated $376.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $316.8k during the year ending 07/2024. While expenses have increased by 8.5% per year over the past 9 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
TRAIN LEADERSHIP SKILLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY BOARD AND REGIONAL MEETINGS - OFFICERS MEET TO REVIEW ACTIVITIES, ASSESS EFFICIENCY RATINGS, AND TO ASSURE DESIRED DIRECTION IS MAINTAINED AT ALL EVENTS
VISITATION AND EXPANSION - AREA DIRECTORS VISIT ACTIVE CHAPTERS TO ASSIST IN CHAPTER MANAGEMENT.
FRATERNITY PUBLICATION - PUBLICATION SENT PERIODICALLY TO ALL MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saundra Finley Executive Dir. | Officer | 40 | $88,000 |
Melissa King Board Member | Trustee | 0 | $0 |
Mary Ellen Lewis Board Chair | Trustee | 0 | $0 |
Ivy Wang Director | Trustee | 0 | $0 |
Lizbeth Juarez Director | Trustee | 0 | $0 |
Hannah Goh Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $294,847 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,915 |
| Total Program Service Revenue | $70,334 |
| Investment income | $23,708 |
| 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 | -$13,705 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $376,252 |
| 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. | $88,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,514 |
| Fees for services: Management | $500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,534 |
| Advertising and promotion | $0 |
| Office expenses | $24,324 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,353 |
| Travel | $49,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $32,140 |
| All other expenses | $0 |
| Total functional expenses | $316,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $920,418 |
| 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 | $6,270 |
| Total assets | $926,688 |
| Accounts payable and accrued expenses | $6,093 |
| 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 | $6,093 |
| Net assets without donor restrictions | $920,595 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $926,688 |