Nonprofit · EIN 85-1360222
CHI BOULE FOUNDATION
Tax-exempt · MADISON, TN 37116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $40,444 | $177,307 | -$136,863 | $340,934 | – | $340,934 |
| December 31, 2023 | 990 | $123,919 | $62,113 | $61,806 | $502,797 | $0 | $502,797 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $29,650
- Investment income
- $10,794
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $6,443
- Other expenses
- $170,864
- Program services (functional)
- $169,148
Balance sheet and other
- Total assets, start of year
- $502,797
- Total assets, end of year
- $340,934
- Total liabilities, end of year
- –
- Net assets, end of year
- $340,934
- Cash, savings and investments
- $340,934
- Gross receipts
- $40,444
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL CARTER SR | Chairman | 5 | $0 |
| TURNER NASHE | CHAIRMAN ELECT | 1 | $0 |
| ALFONZO ALEXANDER | Director | 1 | $0 |
| ED LITTLEJOHN | Secretary | 1 | $0 |
| EDDIE HAMILTON | Director | 1 | $0 |
| VALERIE MOLETTE | Treasurer | 1 | $0 |
| GAIL WILLIAMS | Director | 1 | $0 |
| CHARLES STORY | Director | 1 | $0 |
| SL LAMPKIN | Director | 1 | $0 |
| MELVIN MALONE | Director | 1 | $0 |
| RONALD ROBERTS | Director | 1 | $0 |
| BRYAN FISHER | Director | 1 | $0 |
| PATRICK JOHNSON | Director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL CARTER SR | Chairman Trustee or director, Officer | 5 | $0 |
| TURNER NASHE | CHAIRMAN ELECT Trustee or director | 1 | $0 |
| ALFONZO ALEXANDER | Director Trustee or director | 1 | $0 |
| ED LITTLEJOHN | Secretary Trustee or director, Officer | 1 | $0 |
| EDDIE HAMILTON | Director Trustee or director | 1 | $0 |
| VALERIE MOLETTE | Treasurer Trustee or director, Officer | 1 | $0 |
| GAIL WILLIAMS | Director Trustee or director | 1 | $0 |
| CHARLES STORY | Director Trustee or director | 1 | $0 |
| SL LAMPKIN | Director Trustee or director | 1 | $0 |
| MELVIN MALONE | Director Trustee or director | 1 | $0 |
| RONALD ROBERTS | Director Trustee or director | 1 | $0 |
| BRYAN FISHER | Director Trustee or director | 1 | $0 |
| PATRICK JOHNSON | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1546, MADISON, TN 37116-1546
- In care of
- % MICHAEL CARTER
- Mailing address (990-N for 2021)
- PO Box 210051, Nashville TN 37221
- Principal officer (990-N for 2021)
- Michael Carter, 1028 Vaugh Crest Drive, Franklin TN 37069
- Signed the 990-EZ
- MICHAEL CARTER SR, Chairman
- Phone
- (615) 424-9772
- Return prepared by
- Jobe Hastings & Associates CPAs
Mission
We serve as the fundraising arm of the Chi Member Boul of Sigma Pi Phi Fraternity. The foundation serves as a vehicle for Archons and other prospective donors to make tax-deductible contributions to support efforts to provide scholarships and educational opportunities for young African-American students within our community. The foundation also supports our member Bouls strategic plan for various other initiatives, such as Financial Literacy, Economic Empowerment, Civic Engagement, and Social Justice.
Program accomplishments
- The foundation serves as a vehicle for Archons and other prospective donors to make tax-deductible contributions to support efforts to provide scholarships and educational opportunities for young African-American students within our community. The foundation also supports our member Bouls strategic plan for various other initiatives, such as Financial Literacy, Economic Empowerment, Civic Engagement, and Social Justice.Expenses $169,148
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-1360222
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70)
- Assets (IRS master file)
- $340,934
- Income (IRS master file)
- $40,444
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $40,444 | $177,307 | $340,934 | IRS |
| 990 | December 2023 | $123,919 | $62,113 | $502,797 | XML |
| 990 | December 2022 | $532,737 | $108,802 | $440,991 | IRS |
| 990-N for 2021 Officer: Michael Carter | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Michael Carter | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-1360222).
Questions about CHI BOULE FOUNDATION
- What is the EIN of CHI BOULE FOUNDATION?
- The employer identification number (EIN) of CHI BOULE FOUNDATION is 85-1360222.
- Is CHI BOULE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to CHI BOULE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHI BOULE FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CHI BOULE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHI BOULE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of CHI BOULE FOUNDATION?
- The 990-N for 2021 names Michael Carter.
- Who are the officers and directors of CHI BOULE FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does CHI BOULE FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $40,444, expenses of $177,307 and total assets of $340,934 at year end.
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All nonprofits in MADISON · Tennessee · Philanthropy, voluntarism and grantmaking foundations