Phi Chi Medical Fraternity

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 386068502 ✦ Ann arbor, MI ✦ Designated as a 501(c)(7)

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Overview

What is Phi Chi Medical Fraternity?

Phi Chi Medical Fraternity is a nonprofit organization located in Ann Arbor, Michigan. They are primarily known for providing a fraternity house on the campus of the University of Michigan, offering residential accommodation for their 22 members. The organization's mission is centered around maintaining this fraternity house to cater to the housing needs of its members, thereby contributing to their academic experience.

Is Phi Chi Medical Fraternity legitimate?

Phi Chi Medical Fraternity is a legitimate nonprofit organization registered as a 501(c)(7) entity. Phi Chi Medical Fraternity submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,000

For more financial information, click here

What is the mission statement of Phi Chi Medical Fraternity?

The Phi Chi Medical Fraternity's mission is centered around maintaining a fraternity house within a university campus, specifically at the University of Michigan in Ann Arbor, Michigan. This facility serves as residential accommodation for the fraternity's members, providing them with a shared living space. The organization's primary goal is to ensure the availability and upkeep of this housing facility for its members. As of the provided information, the fraternity serves a total of 22 members.

Who is the CEO of Phi Chi Medical Fraternity?

Courtland Keteyian Md is the President of Phi Chi Medical Fraternity.

What is the revenue of Phi Chi Medical Fraternity?

Phi Chi Medical Fraternity's revenue in 2022 was $262,793.

Who are the executives of Phi Chi Medical Fraternity and what are their salaries?


Here are 3 key members and their salaries:


Courtland Keteyian Md (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nkemakolam Egekeze Md (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vinod Kumar Md (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Phi Chi Medical Fraternity?

Phi Chi Medical Fraternity's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Phi Chi Medical Fraternity

Phi Chi Medical Fraternity, as a organization, is committed to maintaining a fraternity house on a university campus, specifically the University of Michigan in Ann Arbor, Michigan. Their primary mission is to provide student housing for its members. By doing so, they create an environment where fraternity members can reside and grow together in their academic pursuits. The fraternity has successfully served a total of 22 members, demonstrating their dedication to providing a supportive living space for its members.

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Impact




October, 2024

Phi Chi Medical Fraternity significantly contributes to student life at the University of Michigan by providing essential housing for its members. The fraternity house not only offers a place to live but also fosters a sense of community among medical students, encouraging collaboration and camaraderie. With a membership of 22, the fraternity creates a supportive environment where students can share experiences, resources, and academic insights, enhancing their educational journey. The fraternity's commitment to maintaining a dedicated housing space underscores its role in enriching the educational experience and supporting the personal growth of future medical professionals.




This information is meant to be a general summary of Phi Chi Medical Fraternity. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$262,793 (2022)
Expenses
$242,670 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $200
  • Program Service Revenue: $262,593
  • Gross Receipts: $262,793

Assets and Liabilities:

  • Total Assets: $715,885
  • Total Liabilities: $463,975
  • Net Assets: $251,910

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL TO MEMBERS

Revenue

$260,138

PREP FEES

Revenue

$2,155

LATE FEES

Revenue

$300

Organization Details

Principal Officer

Courtland Keteyian Md

Main Address

1553 BARRINGTON PLACE, ANN ARBOR, MI, 48103

NTEE Category

Code: B83 - Education

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