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Chi Phi Fraternity INC FY2023 filing

Not tax-deductible

N Plainfield, NJ501(c)(7)EIN 23-6437379

The organization exists to provide educational and social services, alumni activities as well as dues, affordable on campus housing and full and partial meal plan options for the benefit of the members.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
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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
4 of 5
filings with a surplus
Average surplus $55K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$462K
-6% vs prior year
Spent
$374K
To programs
100%
Net assets
$517K
By yearFY2021–FY2025
Revenue
$462K
FY2023▼ -6%
Revenue by fiscal year
FY2021$165K
FY2022$491K
FY2023$462K
FY2024$516K
FY2025$552K
Expenses
$374K
FY2023▼ -8%
Expenses by fiscal year
FY2021$170K
FY2022$407K
FY2023$374K
FY2024$472K
FY2025$486K
Net assets
$517K
FY2023▲ +20%
Net assets by fiscal year
FY2021$345K
FY2022$429K
FY2023$517K
FY2024$560K
FY2025$626K

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

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CChi Phi Fraternity INC
EINHdr · item D23-6437379
Exempt statusHdr · item I501(c)(7) · active
Ruling yearIRS BMFMay 1941
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CN Plainfield, NJ
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.chiphirho.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$373K
Management & general$750
Total functional expensesLn 25$374K

Finances

Money in and out, what it owns and owes

Surplus margin
+19%
revenue over expenses, this year
Program spending
100%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$527K
FY2023▲ +21%
Total assets by fiscal year
FY2021$356K
FY2022$437K
FY2023$527K
FY2024$577K
FY2025$637K
Total liabilities
$10K
FY2023▲ +28%
Total liabilities by fiscal year
FY2021$10K
FY2022$8K
FY2023$10K
FY2024$17K
FY2025$11K
Revenue less expensesPt I · Ln 19$88K
Total assetsPt X · Ln 16$527K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420

Balance Sheet

Part X · end of year
CashLn 1$327K
Total assetsLn 16$527K
Total liabilitiesLn 26$10K
Total net assetsLn 32$517K
Months of cash on handcomputed10.5

Statement of Revenue

Part VIII
Program service revenue$413K · 89%
Contributions & grants$35K · 8%
Other revenue$13K · 3%
Program service revenue89%$413K
Contributions & grants8%$35K
Other revenue3%$13K
Investment income$1K
Total revenueLn 12$462K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Months of spending covered by cash
Highly liquid reserves $384K · Operating expenses/yr $374K
12.3 months
Where the money goes
Program services
Program services $373K · Total expenses $374K
100%
Management & General
Management & general $750 · Total expenses $374K
0.2%
Fundraising
Fundraising $0 · Total expenses $374K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $35K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $35K · Total revenue $462K
8%
Government reliance
Government grants — · Total revenue $462K
—
Earned-income share
Program service revenue $413K · Total revenue $462K
89%
Investment reliance
Investment income $1K · Total revenue $462K
+0.2%
Program self-sufficiency
Program service revenue $413K · Total expenses $374K
110%
Growth & trend
Revenue growth (YoY)
This year $462K · Prior year $491K
-6%
Net-asset trend (YoY)
End of year $517K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $462K · Expenses $374K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $527K
—
Net-asset ratio
Net assets $517K · Total assets $527K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $57K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $527K
11%
People & payroll
Highest Reported Total Compensation
Individual Jim Benjamin · Reported title ALUMNI PARTI · Highest reported compensation $0 · Total expenses $374K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $374K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0.2%——
Fundraising cost ratio 0%——
Revenue growth -6%——
Accounting fee ratio 0.2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Jim Benjamin
Alumni Parti
$0Pt VII · Sec A
David Bezer
Board Member
$0Pt VII · Sec A
Jerry Blakeslee
Chapter Advi
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Dwyre
Past Preside
$0Pt VII · Sec A
Seth Katz
Board Member
$0Pt VII · Sec A
Andrew Koch
Vice Preside
$0Pt VII · Sec A
Steve Konya
President
$0Pt VII · Sec A
See Chi Phi Fraternity INC executive salaries →

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Governance & Policies

Part VI
  • 20Voting board membersPt VI · Ln 1a
  • 20Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers educational, social, and housing services, plus meal plans, for members.

Provided by the organization

This section is blank until Chi Phi Fraternity INC claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $373K of program spending, described in the organization's own filed words · FY2022.
01

Kitchen and Meals

To provide affordable full and partial meal plan options for the benefit of the members

$188Kprogram expense
02

Housing

To provide affordable housing for the fraternity members in close proximity to lafayette college

$119Kprogram expense
03

The organization's purpose is to promote brotherhood and individual growth through truth, honor, friendship, personal integrity and academic excellence.

$66Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $552K$486K+7% 990 PDF
FY2024 $516K$472K+12% 990 PDF
FY2023 Viewing $462K$374K-6% 990 PDF
FY2022 $491K$407K+198% 990 PDF
FY2021 $165K$170K 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

Full filing: Form 990 for FY2023

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $461,991 across 7 lines filed
VIII-1b Membership dues$29,511
VIII-1f All other contributions, gifts and grants$5,775
VIII-1h Total contributions, gifts and grants$35,286
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $412,823$412,823
VIII-3 Investment incomeRelated to mission $1,085$1,085
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,797$12,797
VIII-12 Total revenueRelated to mission $426,705$461,991
Part IX · Statement of functional expenses $374,162 across 6 lines filed
IX-11c Accounting feesManagement $750$750
IX-13 Office expensesPrograms $424$424
IX-22 Depreciation, depletion and amortizationPrograms $8,960$8,960
IX-23 InsurancePrograms $36,551$36,551
IX-24 Other expenses (24a–d)Programs $302,379$302,379
IX-24e All other expensesPrograms $25,098$25,098
IX-25 Total functional expensesPrograms $373,412 · Management $750 · Fundraising $0$374,162
Part X · Balance sheet $527,036 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $49,298$102,265
X-2 Savings and temporary cash investmentsStart of year $269,890$224,769
X-10c Land, buildings and equipment, netStart of year $106,689$142,686
X-11 Publicly traded securitiesStart of year $11,111$57,316
X-16 Total assetsStart of year $436,988$527,036
X-25 Other liabilitiesStart of year $8,032$10,251
X-26 Total liabilitiesStart of year $8,032$10,251
X-27 Net assets without donor restrictionsStart of year $428,956$516,785
X-32 Total net assets or fund balancesStart of year $428,956$516,785
X-33 Total liabilities and net assetsStart of year $436,988$527,036
Part XI · Reconciliation of net assets $516,785 net assets at year end
XI-1 Total revenue$461,991
XI-2 Total expenses$374,162
XI-3 Revenue less expenses$87,829
XI-4 Net assets at start of year$428,956
XI-10 Net assets at end of year$516,785

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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