Totals
- Total revenue
- $47,700
- Total expenses
- $740,837
- Contributions and grants received
- $4,685
- Grants paid
- $701,320
- Program service revenue
- $0
- Investment income
- $37,685
- Other revenue
- $5,330
- Total assets, end of year
- $5,788
- Total liabilities, end of year
- $308,075
- Net assets or fund balances, end of year
- -$302,287
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$4,685
-
3 · Investment income
total $19,526 · related or exempt $19,526
-
7a · Gross sales of assets other than inventory
securities $93,088
-
7b · Less cost or other basis and sales expenses
securities $74,929
-
7c · Gain or loss
securities $18,159
-
7d · Net gain or loss
total $18,159 · related or exempt $18,159
-
11a · Other revenue: MISCELLANEOUS INCOME
total $5,330 · related or exempt $5,330
-
11e · Other revenue, total
$5,330
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $701,320
-
10 · Payroll taxes
total $1,001
-
11c · Fees: accounting
total $3,375
-
11f · Fees: investment management
total $6,600
-
13 · Office expenses
total $8,062
-
14 · Information technology
total $128
-
16 · Occupancy
total $900
-
17 · Travel
total $3,120
-
23 · Insurance
total $1,108
-
24a · Other expenses: REIMBURSED PAYROLL EXPE
total $13,760
-
24b · Other expenses: DELEGATE EXPENSE
total $646
-
24c · Other expenses: MEALS
total $469
-
24d · Other expenses: TELEPHONE
total $246
-
24e · All other expenses
total $102
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,230 · end of year $5,635
-
2 · Savings and temporary cash investments
beginning of year $15,542 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,908
-
10b · Land, buildings and equipment: accumulated depreciation
$1,908
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $535,894 · end of year $153
-
25 · Other liabilities
beginning of year $291,268 · end of year $308,075
-
27 · Net assets without donor restrictions
beginning of year $114,160 · end of year -$457,525
-
28 · Net assets with donor restrictions
beginning of year $155,238 · end of year $155,238
Mission and programs · 2023
Mission
TO SUPPORT AND ADVISE INDIVIDUAL MEDICAL STUDENTS AND MEDICAL EDUCATION.
-
TO SUPPORT AND ADVISE INDIVIDUAL MEDICAL STUDENTS AND MEDICAL EDUCATION THROUGH SCHOLARSHIPS, LOANS, GRANTS, LIBRARIES, AND EQUIPMENT.
As filed on the 2023 return.
Listed in Part VII
-
Shilpen PatelSHILPEN PATEL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Lawrence LeblondLAWRENCE LEBLOND
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Ashley LanehartASHLEY LANEHART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Taylor NewsomeTAYLOR NEWSOME
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Gary Gilbert-HowesGARY GILBERT-HOWES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 4 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$701,320
TO ESTABLISH AND FUND THE PHI CHI FOUNDATION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
PHI CHI MEDICAL FRATERNITY INC
501(C)(7) · SUPPORT MEDICAL STUDENTS WITH SCHOLARSHIPS, LOANS, LIBRARIES, AND EQUIPMENT · IN
-
501(C)(3) · SUPPORT MEDICAL STUDENTS WITH SCHOLARSHIPS, LOANS, LIBRARIES, AND EQUIPMENT · IN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 October 2025
- IRS schema version
- 2023v6.0
- Source object
- 202502889349301980
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