Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1938.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 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
20 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.
The association provides support to various community based organizations.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $49K | $32K |
| InvestmentsLn 11–13 | $6.4M | $6.5M |
| Land, buildings, equipmentLn 10c | $2.8M | $3.0M |
| Total assetsLn 16 | $9.3M | $9.5M |
| LiabilitiesLn 26 | $13K | $22K |
| Net assetsLn 32 | $9.3M | $9.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $4K | $4K | ||
| Grants to domestic individualsLn 2 | $4K | $4K | ||
| Other salaries and wagesLn 7 | $71K | $37K | $24K | $11K |
| Payroll taxesLn 10 | $6K | $3K | $2K | $929 |
| Accounting feesLn 11c | $8K | $8K | ||
| Investment management feesLn 11f | $42K | $42K | ||
| Other fees for servicesLn 11g | $14K | $14K | ||
| Advertising and promotionLn 12 | $2K | $2K | ||
| Office expensesLn 13 | $3K | $677 | $984 | $2K |
| Information technologyLn 14 | $330 | $330 | ||
| OccupancyLn 16 | $152K | $137K | $6K | $9K |
| Conferences, conventions and meetingsLn 19 | $3K | $3K | $872 | |
| Depreciation, depletion and amortizationLn 22 | $151K | $151K | ||
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $37K | $37K | ||
| Total functional expensesLn 25 | $500K | $391K | $86K | $23K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Viewing | $285K | $500K | −$216K | $9.5M | 990 PDF |
| FY2023 | $137K | $507K | −$371K | $9.3M | 990 PDF |
| FY2022 | $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 FY2024 990 (6 parts)
Part I · Summary $284,779 revenue, 12 lines filed
Part VI · Governance 19 of 19 board members independent, 5 to look at
Part VIII · Statement of revenue $284,779 across 5 lines filed
Part IX · Statement of functional expenses $500,440 across 15 lines filed
Part X · Balance sheet $9,501,303 assets, 15 lines filed
Part XI · Reconciliation of net assets $9,479,332 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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