philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Phi Chi Welfare Association FY2020 filing

Not tax-deductible

Floyds Knobs, IN501(c)(7)EIN 58-0620367Revenue $16K in FY2020

On file with the IRS2039 Ridgeview Dr, 47119-8913 · Floyds Knobs, INTax-exempt since Aug 1965

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To support and advise individual medical students and medical education.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $147K a year · 391% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$216K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16K
Spent
$38K
To programs
0%
Net assets
$288K
By yearFY2020–FY2024
Revenue
$16K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$16K
FY2021$153K
FY2022−$50K
FY2023$21K
FY2024$48K
Expenses
$38K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$38K
FY2021$36K
FY2022$70K
FY2023$38K
FY2024$741K
Net assets
$288K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$288K
FY2021$406K
FY2022$286K
FY2023$269K
FY2024−$302K

From the FY2020 Form 990 (year ending November 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1965.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Dash Duncan
Board Member
$0Pt VII · Sec A
Lawrence Leblond
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
Shangir Siddique
Board Member
$0Pt VII · Sec A
Jenny Ulber
Board Member
$0Pt VII · Sec A
See Phi Chi Welfare Association executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Helps medical students and medical education through support and advice.

Questions for Phi Chi Welfare Association

Tap to ask. Phi Chi Welfare Association sees how many people are interested.

Your first name shows with your question. Phi Chi Welfare Association answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2019
01

To support and advise individual medical students and medical education through scholarships, loans, grants, libraries, and equipment.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $701K · 2023–2023
The Phi Chi Foundation INCIN · FY2023$701,320

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$16K
Ln 12
Investment incomeLn 3$9K
Gifts and grantsLn 1h$6K
Money outPt IX
$38K
Ln 25
Owns and owesPt X
$288K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$505K
LiabilitiesLn 26$216K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Investment incomeLn 3$9K
Gains on assetsLn 7−$14K
Total revenueLn 12$16K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$51K
Cash and savings togetherLn 1–2$58K
InvestmentsLn 11–13$447K
Total assetsLn 16$505K
LiabilitiesLn 26$216K
Net assetsLn 32$288K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$21K$58K
InvestmentsLn 11–13$499K$447K
Total assetsLn 16$520K$505K
LiabilitiesLn 26$209K$216K
Net assetsLn 32$311K$288K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$13K
Payroll taxesLn 10$998
Other fees for servicesLn 11g$3K
Office expensesLn 13$5K
Information technologyLn 14$609
OccupancyLn 16$825
InsuranceLn 23$892
Other expenses (24a–d)Ln 24$14K
All other expensesLn 24e$104
Total functional expensesLn 25$38K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $48K$741K−$693K−$302K 990 PDF
FY2023 $21K$38K−$17K$269K 990 PDF
FY2022 −$50K$70K−$120K$286K 990 PDF
FY2021 $153K$36K$117K$406K 990 PDF
FY2020 Viewing $16K$38K−$23K$288K 990 PDF

More to add? Claim this org

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 FY2020 990 (6 parts)
Part I · Summary $15,632 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,975$6,330
I-9 Program service revenue$0
I-10 Investment incomePrior year $20,863$9,302
I-11 Other revenuePrior year $210$0
I-12 Total revenuePrior year $25,048$15,632
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $13,474$13,982
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $24,550$24,332
I-18 Total expensesPrior year $38,024$38,314
I-19 Revenue less expensesPrior year −$12,976−$22,682
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $15,632 across 5 lines filed
VIII-1f All other contributions, gifts and grants$6,330
VIII-1h Total contributions, gifts and grants$6,330
VIII-3 Investment incomeUnrelated business $23,765$23,765
VIII-7 Net gain or loss on sales of assetsUnrelated business −$14,463−$14,463
VIII-12 Total revenueUnrelated business $9,302$15,632
Part IX · Statement of functional expenses $38,314 across 9 lines filed
IX-7 Other salaries and wages$12,984
IX-10 Payroll taxes$998
IX-11g Other fees for services$2,675
IX-13 Office expenses$4,939
IX-14 Information technology$609
IX-16 Occupancy$825
IX-23 Insurance$892
IX-24 Other expenses (24a–d)$14,288
IX-24e All other expenses$104
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$38,314
Part X · Balance sheet $504,744 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $7,388$6,912
X-2 Savings and temporary cash investmentsStart of year $13,621$50,988
X-11 Publicly traded securitiesStart of year $499,281$446,844
X-16 Total assetsStart of year $520,290$504,744
X-25 Other liabilitiesStart of year $209,321$216,457
X-26 Total liabilitiesStart of year $209,321$216,457
X-27 Net assets without donor restrictionsStart of year $155,731$133,049
X-28 Net assets with donor restrictionsStart of year $155,238$155,238
X-32 Total net assets or fund balancesStart of year $310,969$288,287
X-33 Total liabilities and net assetsStart of year $520,290$504,744
Part XI · Reconciliation of net assets $288,287 net assets at year end
XI-1 Total revenue$15,632
XI-2 Total expenses$38,314
XI-3 Revenue less expenses−$22,682
XI-4 Net assets at start of year$310,969
XI-10 Net assets at end of year$288,287

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.