Civic Intelligence

Chi Phi Fraternity Inc Miami Chi Phi House Corporation

990 • Fiscal year 2014 • EIN 31-1187540

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 15, 2015

Refreshing map…

4426 Bayard RoadSouth Euclid, OH 44121

(216) 381-9933

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)7 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)7 • <$500k nonprofits • Source year 2014

Net Margin

99th percentile

93%

Higher net margin than 99% of similar nonprofits.

2014 filings • 501(c)7 • <$500k nonprofits • Source year 2014

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)7 • <$500k nonprofits • Source year 2014

Asset Growth

63rd percentile

6.3%

Faster asset growth than 63% of similar nonprofits.

2014 filings • 501(c)7 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

97th percentile

121%

Faster revenue growth than 97% of similar nonprofits.

2014 filings • 501(c)7 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$277,881

Up $16,583 (+6.3%) from 2013

Net Assets

Up

$277,881

Up $16,583 (+6.3%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$17,884

Up $9,800 (+121%) from 2013

Expenses

Down

$1,301

Down $799 (-38%) from 2013

Net Income

Up

$16,583

Up $10,599 (+177%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $243,009Liabilities 2010: $0Net Assets 2010: $243,0092010Assets 2011: $248,591Liabilities 2011: $0Net Assets 2011: $248,5912011Assets 2012: $255,314Liabilities 2012: $0Net Assets 2012: $255,3142012Assets 2013: $261,298Liabilities 2013: $0Net Assets 2013: $261,2982013Assets 2014: $277,881Liabilities 2014: $0Net Assets 2014: $277,8812014Assets 2015: $287,230Liabilities 2015: $0Net Assets 2015: $287,2302015Assets 2016: $286,255Liabilities 2016: $0Net Assets 2016: $286,2552016Assets 2017: $298,618Liabilities 2017: $0Net Assets 2017: $298,6182017Assets 2018: $309,170Liabilities 2018: $0Net Assets 2018: $309,1702018

Highlighted filing

2014

Assets$277,881
Liabilities$0
Net Assets$277,881

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40K$30K$20K$10K$0-$10KExpenses 2010: $34,8142010Expenses 2011: $2,7592011Expenses 2012: $9162012Revenue 2013: $8,084Expenses 2013: $2,100Net Income 2013: $5,9842013Revenue 2014: $17,884Expenses 2014: $1,301Net Income 2014: $16,5832014Revenue 2015: $13,774Expenses 2015: $4,425Net Income 2015: $9,3492015Revenue 2016: -$651Expenses 2016: $324Net Income 2016: -$9752016Revenue 2017: $13,307Expenses 2017: $944Net Income 2017: $12,3632017Revenue 2018: $13,709Expenses 2018: $3,157Net Income 2018: $10,5522018

Highlighted filing

2014

Revenue$17,884
Expenses$1,301
Net Income$16,583
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 15, 2015
Return Version
2014v5.0
Gross Receipts
$17,884
Mission and Program Overview

Mission

Provide university approved housing for fraternity members. During those years when there is no local chapter at miami university, continue to collect mortgage payments on outstanding mortgage and safeguard money until the chapter is recolonized or the money turned over to the national fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$261,298$277,881▲ $16,583
Investments in Publicly Traded Securities$61,467$162,469▲ $101,002
Receivable From Disqualified Prsn$81,684$76,135▼ $5,549
Savings and Temporary Cash Investments$105,083$31,627▼ $73,456
Cash and Non-Interest-Bearing Accounts$13,064$7,650▼ $5,414
Total Assets$261,298$277,881▲ $16,583
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$261,298$277,881▲ $16,583
Total Liabilities and Net Assets / Fund Balance$261,298$277,881▲ $16,583

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$234$234
Compensation and Service Providers

Board Members and Trustees

NameTitle
David OstermeyerPresident
Rick KarlSecretary
Robert SchoenewaldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$17,884
Other Revenue
$0
Change in Net Assets
$16,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,301
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$759-$759
Fees for Services Accounting-$300-$300
Depreciation Depletion$234--$234
Fees for Services Other-$8-$8
Total Functional Expenses$234$1,067$0$1,301
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$81,684$76,135▼ $5,549
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Election of officers done via e mail

Form 990, Page 6, Part VI, Line 11B

Copy of this return was submitted to all officers (3) prior to submission

Form 990, Page 6, Part VI, Line 19

Via e mail notification to all alumni and national office, offer to provide a copy of all documents has been communicated.

Filing and Contact Details

Filer

Filer Name
Chi Phi Fraternity Inc
EIN
31-1187540
Phone
2163819933
Address
4426 BAYARD ROAD, SOUTH EUCLID, OH 44121

Signing Officer

Name
David Ostermeyer
Title
President
Phone
2163819933
Signed
2015-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Ostermeyer
Formed
1969
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Robert Schoenewald CPA
Address
4426 BAYARD RD, CLEVELAND, OH 44121-3724
Preparer
Robert Schoenewald CPA
Phone
2163819933
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Provide university approved housing for fraternity members. During those years when there is no local chapter at miami university, continue to collect mortgage payments on outstanding mortgage and safeguard money until the chapter is recolonized or the money turned over to the national fraternity.

Form 990, Page 2, Part III, Line 4D

Contribution to the national fraternity to aid in operations and scholarship opportunities.

Raw XML Appendix253 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt017884
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/LoanOutstandingInd0true
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IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MethodOfAccountingCashInd0X
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IRS990/NetUnrelatedBusTxblIncmAmt016576
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONTRIBUTION TO THE NATIONAL FRATERNITY TO AID IN OPERATIONS AND SCHOLARSHIP OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTION OF OFFICERS DONE VIA E MAIL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPY OF THIS RETURN WAS SUBMITTED TO ALL OFFICERS (3) PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VIA E MAIL NOTIFICATION TO ALL ALUMNI AND NATIONAL OFFICE, OFFER TO PROVIDE A COPY OF ALL DOCUMENTS HAS BEEN COMMUNICATED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum02163819933
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHI PHI FRATERNITY INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MIAMI CHI PHI HOUSE CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CHIP
ReturnHeader/Filer/EIN0311187540
ReturnHeader/Filer/PhoneNum02163819933
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLEVELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0441213724
ReturnHeader/PreparerPersonGrp/PhoneNum02163819933
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT SCHOENEWALD CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-02-28T20:31:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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