Phi Chi Medical Fraternity Inc
- Assets
- $53.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 11/1940
- Data as of
- 08/2019
- EIN
- 62-0482840
Organization Overview
Phi Chi Medical Fraternity Inc is located in Memphis, TN. 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 08/2019, Phi Chi Medical Fraternity Inc generated $1.4k 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 (39.8%) each year. All expenses for the organization totaled $14.6k during the year ending 08/2019. 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
2019
Describe the Organization's Program Activity:
Part 3
WE ARE A SOCIAL ORGANIZATION AS A MEDICAL FRATERNITY WITH A HOUSE THAT PROVIDES HOUSING FOR MEMBERS AND DINNERS FOR MEMBERS.
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 |
|---|---|---|---|
Mike Hook President | 2 | $0 | |
William Scott Treasurer | 2 | $0 | |
Will Noggle Alumni Representative | 1 | $0 | |
Ashwini Joshi Social Chair | 1 | $0 | |
Kwame Nuako Social Chairs | 1 | $0 | |
Daniel Drewry Service Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $400 |
| Investment income | $96 |
| Gain or Loss | $860 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,356 |
| Statement of Expenses | |
|---|---|
| Total expenses | $14,628 |
| Balance Sheet | |
|---|---|
| Total assets | $53,661 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,661 |