Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1938.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
73 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
24 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Helps members grow educationally, socially, and professionally through group activities.
Questions for Phelps Association
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Most of the associations expenses are for the maintainance & operation of a building used by the undergraduate members at yale university to further the educational, social and professional development of its members.
The association provides grants and scholarships to yale students.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $83K | $114K |
| InvestmentsLn 11–13 | $7.2M | $6.1M |
| Land, buildings, equipmentLn 10c | $2.7M | $2.8M |
| Total assetsLn 16 | $10.0M | $9.0M |
| LiabilitiesLn 26 | $42K | $117K |
| Net assetsLn 32 | $10.0M | $8.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $500 | $500 | ||
| Grants to domestic individualsLn 2 | $6K | $6K | ||
| Other salaries and wagesLn 7 | $63K | $22K | $20K | $21K |
| Payroll taxesLn 10 | $8K | $2K | $2K | $3K |
| Accounting feesLn 11c | $8K | $8K | ||
| Investment management feesLn 11f | $42K | $42K | ||
| Other fees for servicesLn 11g | $3K | $3K | ||
| Office expensesLn 13 | $8K | $3K | $3K | $3K |
| Information technologyLn 14 | $381 | $381 | ||
| OccupancyLn 16 | $137K | $123K | $14K | |
| TravelLn 17 | $2K | $2K | ||
| Conferences, conventions and meetingsLn 19 | $3K | $1K | $1K | |
| Depreciation, depletion and amortizationLn 22 | $142K | $142K | ||
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $30K | $30K | ||
| Total functional expensesLn 25 | $458K | $335K | $96K | $27K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $479K | $629K | −$150K | $9.7M | 990 PDF |
| FY2024 | $285K | $500K | −$216K | $9.5M | 990 PDF |
| FY2023 | $137K | $507K | −$371K | $9.3M | 990 PDF |
| FY2022 Viewing | $542K | $458K | $84K | $8.9M | 990 PDF |
| FY2021 | $804K | $454K | $351K | $10.0M | 990 PDF |
| FY2020 | $416K | $424K | −$8K | $8.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $541,566 revenue, 12 lines filed
Part VI · Governance 25 of 25 board members independent, 5 to look at
Part VIII · Statement of revenue $541,566 across 5 lines filed
Part IX · Statement of functional expenses $457,842 across 15 lines filed
Part X · Balance sheet $9,024,598 assets, 15 lines filed
Part XI · Reconciliation of net assets $8,907,962 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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