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Nonprofit · EIN 99-3163990

PHI CHI FOUNDATION INC

Tax-exempt · FLOYDS KNOBS, IN 47119

Financials

$1M$10K2024
Revenue Expenses · by fiscal year end
Financials of PHI CHI FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,025,810$9,685$1,016,125$1,016,125$0$1,016,125
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$781,207
Program service revenue
$0
Investment income
$244,303
Net gain from sales of assets
$232,304
Other revenue
$300

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$9,685

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$1,016,125
Total liabilities, end of year
$0
Net assets, end of year
$1,016,125
Publicly traded securities
$976,788
Net assets without donor restrictions
$1,016,125
Gross receipts
$1,420,295
Employees
0
Volunteers
20
Year formed
2024
State of legal domicile
IN

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SHILPEN PATELPRESIDENT
Trustee or director, Officer
4$0
LAWRENCE LEBLONDSECRETARY/TREASURER
Trustee or director, Officer
4$0
ASHLEY LANEHARTBOARD MEMBER
Trustee or director
4$0
TAYLOR NEWSOMEBOARD MEMBER
Trustee or director
4$0
GARY GILBERT-HOWESBOARD MEMBER
Trustee or director
4$0

Address and contacts

Address (IRS master file)
2039 RIDGEVIEW DR, FLOYDS KNOBS, IN 47119-8913
Principal officer (990 for 2024)
LAWRENCE LEBLOND, 2039 RIDGEVIEW DR, FLOYDS KNOBS, IN 47119
Signed the 990
LAWRENCE LEBLOND, TREASURER
Phone
(812) 923-7270
Return prepared by
DEMING MALONE LIVESAY & OSTROFF PSC

Mission

OUR MISSION IS TO SUPPORT THE PHI CHI FRATERNITY, INC., BY PROMOTING SCHOLARSHIP, DEVELOPING CHARACTER, IMPROVING EDUCATIONAL FACILITIES AND SUPPORTING PHILANTHROPIC CAUSES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FOUNDATION PROVIDES GOOD FAITH LOANS TO ENABLE MEMBERS OF THE FRATERNITY TO ATTEND THE NATIONAL CONFERENCE. IT ALSO MAINTAINS A DATABASE OF PROVIDERS AND STUDENTS FOR ASSISTANCE/MENTORSHIP, AND PROVIDES SCHOLARSHIPS TO THOSE IN NEED TO PAY FOR MEDICAL SCHOOL TUITION.
    Expenses $9,685

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
99-3163990
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$1,016,125
Income (IRS master file)
$1,420,295

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,025,810$9,685$1,016,125IRS

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 99-3163990).

Questions about PHI CHI FOUNDATION INC

What is the EIN of PHI CHI FOUNDATION INC?
The employer identification number (EIN) of PHI CHI FOUNDATION INC is 99-3163990.
Is PHI CHI FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to PHI CHI FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PHI CHI FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PHI CHI FOUNDATION INC 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 PHI CHI FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PHI CHI FOUNDATION INC?
The 990 for the year ended December 31, 2024 names LAWRENCE LEBLOND.
Who are the officers and directors of PHI CHI FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does PHI CHI FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,025,810, expenses of $9,685 and total assets of $1,016,125 at year end.

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