Chi Phi Fraternity INC FY2024 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.

92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · 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
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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17K
3% of total assets
Looks good: liabilities are 3% 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
$516K
+12% vs prior year
Spent
$472K
To programs
92%
Net assets
$560K
By yearFY2021–FY2025
Revenue
$516K
FY2024▲ +12%
Revenue by fiscal year
FY2021$165K
FY2022$491K
FY2023$462K
FY2024$516K
FY2025$552K
Expenses
$472K
FY2024▲ +26%
Expenses by fiscal year
FY2021$170K
FY2022$407K
FY2023$374K
FY2024$472K
FY2025$486K
Net assets
$560K
FY2024▲ +8%
Net assets by fiscal year
FY2021$345K
FY2022$429K
FY2023$517K
FY2024$560K
FY2025$626K

From the FY2024 Form 990 (year ending May 2024) · see the original

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You’re viewing the FY2024 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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $434K Management & general 8% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Alumni Parti
$0Pt VII · Sec A
Alumni Parti
$0Pt VII · Sec A
Alumni Parti
$0Pt VII · Sec A
Chapter Advi
$0Pt VII · Sec A
Alumni Parti
$0Pt VII · Sec A
$0Pt VII · Sec A
Alumni Parti
$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 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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3 program services account for $434K of program spending, described in the organization's own filed words · FY2023.
01

Kitchen and Meals

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

$224Kprogram expense
02

Housing

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

$125Kprogram expense
03

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

$85Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$516K
Ln 12
Fees for servicesLn 2g$435K
Gifts and grantsLn 1h$42K
Other incomeLn 4–11$33K
Money outPt IX
$472K
Ln 25
Programscol B$434K
Managementcol C$38K
Owns and owesPt X
$560K
net assets · Ln 32
Cash and savingsLn 1–2$187K
Total assetsLn 16$577K
LiabilitiesLn 26$17K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42K
Fees for servicesLn 2g$435K
Investment incomeLn 3$5K
Other incomeLn 4–11$33K
Gains on assetsLn 7$2K
Total revenueLn 12$516K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$176K
Cash and savings togetherLn 1–2$187K
InvestmentsLn 11–13$111K
Land, buildings, equipmentLn 10c$280K
Total assetsLn 16$577K
LiabilitiesLn 26$17K
Net assetsLn 32$560K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderMay
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 FY24End FY24
Cash and savingsLn 1–2$327K$187K
InvestmentsLn 11–13$57K$111K
Land, buildings, equipmentLn 10c$143K$280K
Total assetsLn 16$527K$577K
LiabilitiesLn 26$10K$17K
Net assetsLn 32$517K$560K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5K$5K
Accounting feesLn 11c$750$750
Other fees for servicesLn 11g$37K$37K
Office expensesLn 13$269$269
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$54K$54K
Other expenses (24a–d)Ln 24$322K$322K
All other expensesLn 24e$33K$33K
Total functional expensesLn 25$472K$434K$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $552K$486K$66K$626K 990 PDF
FY2024 Viewing $516K$472K$44K$560K 990 PDF
FY2023 $462K$374K$88K$517K 990 PDF
FY2022 $491K$407K$84K$429K 990 PDF
FY2021 $165K$170K−$6K$345K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $515,602 across 8 lines filed
VIII-1b Membership dues$36,296
VIII-1f All other contributions, gifts and grants$5,657
VIII-1h Total contributions, gifts and grants$41,953
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $435,001$435,001
VIII-3 Investment incomeUnrelated business $3,555$3,555
VIII-7 Net gain or loss on sales of assetsUnrelated business $1,670$1,670
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $33,423$33,423
VIII-12 Total revenueRelated to mission $468,424 · Unrelated business $5,225$515,602
Part IX · Statement of functional expenses $472,081 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $4,611$4,611
IX-11c Accounting feesManagement $750$750
IX-11g Other fees for servicesManagement $36,962$36,962
IX-13 Office expensesPrograms $269$269
IX-22 Depreciation, depletion and amortizationPrograms $20,549$20,549
IX-23 InsurancePrograms $53,751$53,751
IX-24 Other expenses (24a–d)Programs $321,756$321,756
IX-24e All other expensesPrograms $33,433$33,433
IX-25 Total functional expensesPrograms $434,369 · Management $37,712 · Fundraising $0$472,081
Part X · Balance sheet $577,254 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $102,265$10,233
X-2 Savings and temporary cash investmentsStart of year $224,769$176,461
X-10c Land, buildings and equipment, netStart of year $142,686$279,711
X-11 Publicly traded securitiesStart of year $57,316$110,849
X-16 Total assetsStart of year $527,036$577,254
X-25 Other liabilitiesStart of year $10,251$16,948
X-26 Total liabilitiesStart of year $10,251$16,948
X-27 Net assets without donor restrictionsStart of year $516,785$560,306
X-32 Total net assets or fund balancesStart of year $516,785$560,306
X-33 Total liabilities and net assetsStart of year $527,036$577,254
Part XI · Reconciliation of net assets $560,306 net assets at year end
XI-1 Total revenue$515,602
XI-2 Total expenses$472,081
XI-3 Revenue less expenses$43,521
XI-4 Net assets at start of year$516,785
XI-10 Net assets at end of year$560,306

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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