Phi Chi Theta INC

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Train Leadership Skills

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-0638900) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
27¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $82K a year · 24% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
27%
of spending
27% of spending went to programs.
Pt IX · Ln 25 · col B
34.9 mo
of spending, in cash
34.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
−$45
>-0.01% of total assets
Liabilities are -0.01% of assets.
Pt X · Ln 26
Independent board members
0
of 12 voting members
None of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$450K
+20% vs prior year
Spent
$358K
To programs
27%
Net assets
$1.0M
By yearFY2021–FY2025
Revenue
$450K
FY2025▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2021$283K
FY2022$307K
FY2023$319K
FY2024$376K
FY2025$450K
Expenses
$358K
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$178K
FY2022$205K
FY2023$270K
FY2024$317K
FY2025$358K
Net assets
$1.0M
FY2025▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2021$730K
FY2022$821K
FY2023$884K
FY2024$921K
FY2025$1.0M

From the FY2025 Form 990 (year ending July 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1948.

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

Where the money goes

27 cents of each dollar spent went to programs.

Program services 27% · $96K Management & general 73% · $263K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Saundra Finley$88,000$92,000$77,000$78,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Phi Chi Theta INC executive salaries →

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 15aYes

Programs and updates

Phi Chi Theta INC is a member-serving organization based in Carrollton, TX.

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3 programs · $92K · in their own filed words · FY2024
01

Policy Board and Regional Meetings

Officers meet to review activities, assess efficiency ratings, and to assure desired direction is maintained at all events

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-0638900) · Dispute this line
$61Kprogram expense
02

Higher business education and training to individual members

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-0638900) · Dispute this line
$23Kprogram expense
03

Visitation and Expansion

Area directors visit active chapters to assist in chapter management.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-0638900) · Dispute this line
$7Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$450K
Ln 12
Gifts and grantsLn 1h$353K
Fees for servicesLn 2g$75K
Investment incomeLn 3$17K
Money outPt IX
$358K
Ln 25
Programscol B$96K
Managementcol C$263K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26−$45
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$353K
Fees for servicesLn 2g$75K
Investment incomeLn 3$17K
Other incomeLn 4–11$5K
Gains on assetsLn 7−$6
Total revenueLn 12$450K
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Other assetsLn 15$6K
Total assetsLn 16$1.0M
LiabilitiesLn 26−$45
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$920K$1.0M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$927K$1.0M
LiabilitiesLn 26$6K−$45
Net assetsLn 32$921K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$140K$140K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$11K$11K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$38K$38K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$12K$12K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$37K$37K
Other expenses (24a–d)Ln 24$100K$92K$8K
All other expensesLn 24e$13K$4K$9K
Total functional expensesLn 25$358K$96K$263K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Oct 1, 2025 $450K$358K$92K$1.0M 990 PDF
FY2024Filed with the IRS Sep 19, 2024 $376K$317K$59K$921K 990 PDF
FY2023Filed with the IRS Sep 5, 2023 $319K$270K$49K$884K 990 PDF
FY2022Filed with the IRS Aug 26, 2022 $307K$205K$102K$821K 990 PDF
FY2021Filed with the IRS Aug 20, 2021 $283K$178K$105K$730K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $450,432 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $295,915$352,625
I-9 Program service revenuePrior year $70,334$75,306
I-10 Investment incomePrior year $23,708$17,227
I-11 Other revenuePrior year −$13,705$5,274
I-12 Total revenuePrior year $376,252$450,432
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $159,514$150,835
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $157,305$207,331
I-18 Total expensesPrior year $316,819$358,166
I-19 Revenue less expensesPrior year $59,433$92,266
Part VI · Governance 0 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $450,432 across 10 lines filed
Lines not itemized here account for $5,274 of total revenue; see the IRS return.
VIII-1b Membership dues$352,600
VIII-1f All other contributions, gifts and grants$25
VIII-1h Total contributions, gifts and grants$352,625
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $75,306$75,306
VIII-3 Investment incomeUnrelated business $17,233$17,233
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsUnrelated business −$6−$6
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $80,580 · Unrelated business $17,227$450,432
Part IX · Statement of functional expenses $358,166 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $140,000$140,000
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $10,835$10,835
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $8,570$8,570
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $37,542$37,542
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $11,650$11,650
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $36,706$36,706
IX-24 Other expenses (24a–d)Programs $91,509 · Management $8,155$99,664
IX-24e All other expensesPrograms $4,087 · Management $9,112$13,199
IX-25 Total functional expensesPrograms $95,596 · Management $262,570 · Fundraising $0$358,166
Part X · Balance sheet $1,046,837 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $920,418$1,040,567
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $6,270$6,270
X-16 Total assetsStart of year $926,688$1,046,837
X-17 Accounts payable and accrued expensesStart of year $6,093−$45
X-26 Total liabilitiesStart of year $6,093−$45
X-27 Net assets without donor restrictionsStart of year $920,595$1,046,882
X-32 Total net assets or fund balancesStart of year $920,595$1,046,882
X-33 Total liabilities and net assetsStart of year $926,688$1,046,837
Part XI · Reconciliation of net assets $1,046,882 net assets at year end
XI-1 Total revenue$450,432
XI-2 Total expenses$358,166
XI-3 Revenue less expenses$92,266
XI-4 Net assets at start of year$920,595
XI-5 Net unrealized gains (losses) on investments$34,021
XI-10 Net assets at end of year$1,046,882

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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