Civic Intelligence

Chi Boule Foundation

EIN 85-1360222 • 501(c)3 • Madison, TN

990-N CoverageNTEE T70

Profile

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.

PO Box 1546Madison, TN 37116

n/A

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$502,797

Up $61,806 (+14%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$502,797

Up $61,806 (+14%) from 2022

Operations

Revenue

Down

$123,919

Down $408,818 (-77%) from 2022

Expenses

Down

$62,113

Down $46,689 (-43%) from 2022

Net Income

Down

$61,806

Down $362,129 (-85%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2022: $440,991Liabilities 2022: $0Net Assets 2022: $440,9912022Assets 2023: $502,797Liabilities 2023: $0Net Assets 2023: $502,7972023

Highlighted filing

2023

Assets$502,797
Liabilities$0
Net Assets$502,797

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2022: $532,737Expenses 2022: $108,802Net Income 2022: $423,9352022Revenue 2023: $123,919Expenses 2023: $62,113Net Income 2023: $61,8062023

Highlighted filing

2023

Revenue$123,919
Expenses$62,113
Net Income$61,806

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 4, 2024
Return Version
2023v5.0
Gross Receipts
$176,353
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$440,991$502,797▲ $61,806
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$440,991$502,797▲ $61,806
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$440,991$502,797▲ $61,806
Total Net Assets Fund Balance$440,991$502,797▲ $61,806
Total Liabilities and Net Assets / Fund Balance$440,991$502,797▲ $61,806
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael Carter SrChairman
Turner NasheChairman Elect
Alfonzo AlexanderDirector
Bryan FisherDirector
Charles StoryDirector
Eddie HamiltonDirector
Gail WilliamsDirector
Melvin MaloneDirector
Patrick JohnsonDirector
Ronald RobertsDirector
Sl LampkinDirector
Ed LittlejohnSecretary
Valerie MoletteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$152,603
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-28,684
All Other Contributions
$33,353
Change in Net Assets
$61,806
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$62,113
Total Fundraising Expense$6,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,411-$6,250$1,411
Fees for Services Accounting-$540-$540
Insurance-$450-$450
All Other Expenses-$288-$288
Total Functional Expenses$54,585$1,278$6,250$62,113
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$52,434
Fundraising Gross Income$23,750
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Events$143,000$23,750$18,776$4,974
Total Events$143,000$23,750$52,434$-28,684
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Chi Boule Foundation
EIN
85-1360222
Phone
6154249772
Address
PO BOX 1546, MADISON, TN 37116

Signing Officer

Name
Michael Carter Sr
Title
Chairman
Signed
2024-06-04
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Jobe Hastings & Associates CPAs
Address
745 South Church Street Suite 105, Murfreesboro, TN 37130
Preparer
James R Jobe CPA
Phone
6158937777
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IRS990ScheduleA/SubstantialContributorsTotAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0583133
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0735736
IRS990ScheduleA/TotalSupportAmt0735736
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IRS990ScheduleG/EmailSolicitationsInd0X
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0119250
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt052434
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0680
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0680
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt013743
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt013743
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0143000
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt023750
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-28684
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018776
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018776
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0440991
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IRS990/TotalAssetsGrp/BOYAmt0440991
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01278
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt054585
IRS990/TotalFunctionalExpensesGrp/TotalAmt062113
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0502797
IRS990/TotalProgramServiceExpensesAmt054585
IRS990/TotalProgramServiceRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0440991
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0502797
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1546
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037116
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL CARTER SR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman

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