2024-05-15T14:12:56-05:00 2023-06-30 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2022-07-01 580191430 CHI PHI FRATERNITY INC CHIP 4042311824 885 WOODSTOCK RD SUITE 430 PMB 389 ROSWELL GA 30075 MICHAEL J AZARIAN EXECUTIVE DIRECTOR 4042311824 2024-05-14 1 MICHAEL AZARIAN 999009999 0 TIFFANY T ORR CPA P01559485 7703948000 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL J AZARIAN 885 WOODSTOCK RD SUITE 430 PMB 389 ROSWELL GA 30075 1732887 0 X WWW.CHIPHI.ORG X 1824 GA TO BUILD BETTER MEN THROUGH LIFELONG FRIENDSHIPS, LEADERSHIP OPPORTUNITIES, AND CHARACTER DEVELOPMENT. 9 8 11 0 81208 0 233852 190020 1221597 1335094 19278 30075 107192 171640 1581919 1726829 0 0 0 0 574099 711418 0 0 0 783660 839166 1357759 1550584 224160 176245 1837605 2016767 215311 226135 1622294 1790632 TO BUILD BETTER MEN THROUGH LIFELONG FRIENDSHIPS, LEADERSHIP OPPORTUNITIES, AND CHARACTER DEVELOPMENT. 0 0 1224336 828958 SUPPORTS THE OPERATIONS OF 48 CHAPTERS. 522961 SPONSORS GROUP LIABILITY INSURANCE PROGRAM FOR ALL CHAPTERS AND PROVIDES PROGRAMS TO EDUCATE MEMBERS REGARDING RISK MANAGEMENT AND COMPLIANCE WITH THE FRATERNITY'S RISK MANAGEMENT POLICY. 1224336 0 1 0 0 0 0 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 6 0 11 1 1 1 0 0 0 1 1 234240 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X X JAN WHITTEN 4042311824 885 WOODSTOCK RD SUITE 430 PMB 389 ROSWELL GA 30075 KEVIN BARNES ALUMNI DEVELOPMENT AND ENG 5.00 X X 0 0 0 SAFWAN CHOWDHURY HERITAGE & TRADITIONS COUN 5.00 X X 0 0 0 BRODY STOGDILL SCHOLASTIC COUNSELOR 5.00 X X 0 0 0 STEVEN HOPKINS GRAND ALPHA 1.00 X 0 0 0 ALAN ABELS GRAND BETA 1.00 X 0 0 0 MARK LARUE GRAND GAMMA 1.00 X 0 0 0 DAVID EBNER GRAND DELTA 1.00 X 0 0 0 DAN COUTCHER GRAND EPSILON 1.00 X 0 0 0 MATT SCHELLER GRAND ZETA 1.00 X 0 0 0 JOHN CHRISTIAN GRAND ETA 1.00 X 0 0 0 GRAYSON LOUDERMILK GRAND THETA 1.00 X 0 0 0 BRAD THOMAS GRAND IOTA 1.00 X 0 0 0 CARL MICHEL MEMBER AT LARGE 1.00 X 0 0 0 MICHAEL ARONSON MEMBER AT LARGE 1.00 X 0 0 0 MICHAEL AZARIAN EXECUTIVE DIRECTOR 40.00 X 138965 0 0 138965 0 0 1 0 0 0 0 180777 9243 190020 ALUMNI AND CHAPTER INC 900099 812133 812133 INSURANCE PREMIUMS 524298 522961 522961 1335094 21431 21431 15806 15806 14702 6058 8644 8644 8644 INSURANCE PROCEEDS 900099 103682 103682 ADMIN SERVICE AGREEMEN 541900 35327 35327 OTHER INCOME 900099 16825 16825 155834 1726829 1351919 81208 103682 X 138965 95358 43607 467820 321018 146802 58512 40151 18361 46121 31648 14473 36822 7800 29022 6000 6000 5040 5040 11262 2386 8876 53613 43967 9646 40267 30184 10083 5856 4392 1464 103814 103814 6216 4662 1554 195573 195573 ALPHAS ACADEMY 64631 64631 ARCHIVES PRESERVATION 45804 45804 CHAPTER & COLONY VISITA 41925 41925 MISCELLANEOUS 39053 8738 30315 183290 182285 1005 1550584 1224336 326248 0 637189 428919 479075 465881 72471 141514 47076 41520 81083 102271 26669 12123 4482 14546 343941 607582 86710 87877 85578 126657 1837605 2016767 91890 108720 123421 117415 215311 226135 X 1622294 1790632 1622294 1790632 1837605 2016767 176245 -7968 61 0 X X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 26669 12123 14546 14546 DUE FROM CHI PHI EDUCATIONAL TRUST 61985 DEPOSIT - FRATERNITY RISK MANANGEMENT TRUST 64672 126657 X 1718861 -7968 -7968 1726829 0 1726829 1550584 0 1550584 0 1550584 PART III, LINE 4: THE FRATERNITY MAINTAINS COLLECTIONS OF ARTIFACTS OF HISTORICAL SIGNIFICANCE TO THE FRATERNITY BUT THEY ARE NOT RECOGNIZED AS ASSETS IN THE FINANCIAL STATEMENTS. PART X, LINE 2: UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE (IRC), CHI PHI FRATERNITY, INC. IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. CHI PHI BUILDING FUND, INC. IS A WHOLLY-OWNED SUBSIDIARY WHICH IS ALSO RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER THE IRC. THE FRATERNITY UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30 2023 AND 2022, THE FRATERNITY HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION MEMBERSHIP INCLUDES CURRENT FRATERNITY BROTHERS AND ALUMNI. FORM 990, PART VI, SECTION A, LINE 7A THE CHI PHI CONGRESS IS THE SUPREME GOVERNING BODY OF CHI PHI FRATERNITY. IT IS COMPOSED OF TWO VOTING DELEGATES FROM EACH ACTIVE CHAPTER, ONE VOTING DELEGATE FROM EACH ALUMNI ASSOCIATION AND ONE NON-VOTING DELEGATE FROM EACH ALUMNI CLUB. CONGRESS MEETS ANNUALLY, CONDUCTS ITS OWN BUSINESS, AND ELECTS ITS OWN OFFICERS. FORM 990, PART VI, SECTION A, LINE 7B CHANGES IN MEMBER FEES AND ANNUAL BUDGET MUST BE APPROVED AT THE CHI PHI CONGRESS ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B AFTER A DRAFT VERSION OF THE FORM 990 HAS BEEN PREPARED, THE DRAFT IS SENT TO THE GRAND COUNCIL. MEMBERS DISCUSS ANY ISSUES OR CONCERNS THEY MAY HAVE WITH THE DRAFT FORM 990. ONCE APPROVED, THE PREPARER IS NOTIFIED AND AUTHORIZED TO PREPARE THE FINAL VERSION OF THE FORM 990. THE FINAL FORM 990 IS SIGNED BY AN OFFICER AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C GRAND COUNCIL MEMBERS MUST COMPLETE THE CONFLICT OF INTEREST FORM ANNUALLY ACKNOWLEDGING THAT NO CONFLICTS OF INTEREST EXIST. THE FRATERNITY ACTS APPROPRIATELY WHEN A CONFLICT IS IDENTIFIED BY ANY MEMBER OF THE GRAND COUNCIL. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR HAS AN ANNUAL REVIEW AND A COMPARISON OF SIMILAR COMPENSATION IS PERFORMED BY THE COMPENSATION COMMITTEE. COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY MAJORITY VOTE OF THE GRAND COUNCIL. COMPENSATION OF EXECUTIVE DIRECTORS OF ORGANIZATIONS SIMILAR IN SIZE AND ACTIVITIES IS USED IN DETERMINING COMPENSATION. PERFORMANCE OF THE EXECUTIVE DIRECTOR IS ALSO CONSIDERED IN DETERMINING ANNUAL COMPENSATION. THE EXECUTIVE DIRECTOR DETERMINES APPROPRIATE COMPENSATION FOR OTHER STAFF MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS MADE AVAILABLE ON THE ORGANIZATON'S WEBSITE. FORM 990, PART IX, LINE 24E EXPANSION: PROGRAM SERVICE EXPENSES 36,597. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,597. CHRONICLES PROJECT: PROGRAM SERVICE EXPENSES 35,845. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,845. STAFF DEVELOPMENT: PROGRAM SERVICE EXPENSES 24,966. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,966. PROF MEETING: PROGRAM SERVICE EXPENSES 19,936. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,936. REGIONAL PROGRAM DONATION: PROGRAM SERVICE EXPENSES 19,824. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,824. JEWELRY, CERTIFICATES AND LODGE ROOM: PROGRAM SERVICE EXPENSES 15,809. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,809. CHAKETT: PROGRAM SERVICE EXPENSES 13,335. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,335. ASSOCIATION DUES: PROGRAM SERVICE EXPENSES 12,801. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,801. ALUMNI DEVELOPMENT: PROGRAM SERVICE EXPENSES 3,172. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,172. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,005. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,005. FORM 990, PART XII, LINE 2: AS OF THE DUE DATE OF THE ORGANIZATION'S FORM 990, THE ORGANIZATION'S FINANCIAL STATEMENTS HAD NOT YET BEEN FINALIZED. THEREFORE, THE FORM 990 IS BEING FILED WITH PRELIMINARY INFORMATION. ONCE THE FINAL INFORMATION IS AVAILABLE, THE FORM 990 WILL BE AMENDED TO REFLECT ANY CHANGES. CHI PHI EDUCATIONAL TRUST 885 WOODSTOCK ROAD SUITE 430 PMB 38 ROSWELL GA 30075 586035103 EDUCATIONAL ASSISTANCE SUPPORT GA 501(C)(3) LINE 7 0 CHI PHI BUILDING FUND INC 885 WOODSTOCK ROAD SUITE 430 PMB 38 ROSWELL GA 30075 581302466 BUILDING FUND GA C 1.00000 1 0 0 1 1 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 CHI PHI EDUCATIONAL TRUST C 180777 GRANTS RECEIVED CHI PHI EDUCATIONAL TRUST D 62032 ADVANCE DUE FROM TRUST CHI PHI EDUCATIONAL TRUST K 10823 RENTAL AGREEMENT CHI PHI EDUCATIONAL TRUST L 35327 ADMIN SERVICE AGREEMENT CHI PHI EDUCATIONAL TRUST N 10162 SHARE MEMBERSHIP CHI PHI EDUCATIONAL TRUST O 35327 SHARE EMPLOYEES CHI PHI EDUCATIONAL TRUST Q 46975 RELATED PARTY REIMBURSEMENT