Chi Phi Fraternity INC FY2023 filing

Not tax-deductible

Ithaca, NY501(c)(7)EIN 15-0536988Revenue $341K in FY2023

On file with the IRS2255 N Triphammer Rd, 14850-1576 · Ithaca, NYTax-exempt since May 1941

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Provide a home like setting for room, board and social functions.

Mission: Form 990 Part I, line 1

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $26K a year · 9% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$317K
168% of total assets
Concern: liabilities are 168% of assets; over 80%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$341K
+4% vs prior year
Spent
$358K
To programs
0%
Net assets
−$129K
By yearFY2022–FY2025
Revenue
$341K
FY2023▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2022$327K
FY2023$341K
FY2024$311K
FY2025$164K
Expenses
$358K
FY2023▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2022$388K
FY2023$358K
FY2024$320K
FY2025$181K
Net assets
−$129K
FY2023▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2022−$112K
FY2023−$129K
FY2024−$138K
FY2025−$154K

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1941.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
House Manage
$0Pt VII · Sec A
Alumni Offic
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Live in Advi
$0Pt VII · Sec A
See Chi Phi Fraternity INC executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers a home-like setting for lodging, meals, and social gatherings.

Questions for Chi Phi Fraternity INC

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Provide a home like setting for room, board and social functions.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$341K
Ln 12
Fees for servicesLn 2g$341K
Investment incomeLn 3$36
Money outPt IX
$358K
Ln 25
Owns and owesPt X
−$129K
net assets · Ln 32
Cash and savingsLn 1–2$116K
Total assetsLn 16$189K
LiabilitiesLn 26$317K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$341K
Investment incomeLn 3$36
Total revenueLn 12$341K
Assets in detailPt X, end of year
CashLn 1$116K
Cash and savings togetherLn 1–2$116K
Other assetsLn 15$49K
Total assetsLn 16$189K
LiabilitiesLn 26$317K
Net assetsLn 32−$129K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$122K$116K
Total assetsLn 16$11K$189K
LiabilitiesLn 26$123K$317K
Net assetsLn 32−$112K−$129K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$39K
Other employee benefitsLn 9$9K
Payroll taxesLn 10$6K
Management feesLn 11a$7K
Accounting feesLn 11c$3K
Other expenses (24a–d)Ln 24$287K
All other expensesLn 24e$8K
Total functional expensesLn 25$358K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $164K$181K−$16K−$154K 990 PDF
FY2024 $311K$320K−$10K−$138K 990 PDF
FY2023 Viewing $341K$358K−$16K−$129K 990 PDF
FY2022 $327K$388K−$61K−$112K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $341,141 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $326,602$341,105
I-10 Investment incomePrior year $28$36
I-11 Other revenue$0
I-12 Total revenuePrior year $326,630$341,141
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $43,989$53,688
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $343,864$303,880
I-18 Total expensesPrior year $387,853$357,568
I-19 Revenue less expensesPrior year −$61,223−$16,427
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $341,141 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $341,105$341,105
VIII-3 Investment incomeRelated to mission $36$36
VIII-12 Total revenueRelated to mission $341,141$341,141
Part IX · Statement of functional expenses $357,568 across 7 lines filed
IX-7 Other salaries and wages$39,009
IX-9 Other employee benefits$8,666
IX-10 Payroll taxes$6,013
IX-11a Management fees$6,533
IX-11c Accounting fees$3,000
IX-24 Other expenses (24a–d)$286,524
IX-24e All other expenses$7,823
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$357,568
Part X · Balance sheet $188,742 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $121,946$116,014
X-4 Accounts receivableStart of year $12,344$22,344
X-9 Prepaid expenses and deferred chargesStart of year −$123,543$1,032
X-15 Other assets$49,352
X-16 Total assetsStart of year $10,747$188,742
X-25 Other liabilitiesStart of year $139,849$317,271
X-26 Total liabilitiesStart of year $122,849$317,271
X-32 Total net assets or fund balancesStart of year −$112,102−$128,529
X-33 Total liabilities and net assetsStart of year $10,747$188,742
Part XI · Reconciliation of net assets −$128,529 net assets at year end
XI-1 Total revenue$341,141
XI-2 Total expenses$357,568
XI-3 Revenue less expenses−$16,427
XI-4 Net assets at start of year−$112,102
XI-10 Net assets at end of year−$128,529

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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