Overview
What is Chi Phi Educational Trust?
The Chi Phi Educational Trust is a nonprofit organization situated in Roswell, Georgia. Its primary mission is to empower individuals through scholarship opportunities, character development, and educational facility improvement. The trust has provided over 70 scholarships for higher education in North America and offers educational housing space for undergraduate students, amounting to over 3,000 square feet. Additionally, the trust actively supports charitable causes as part of its mission to shape better men and make a positive impact on lives. With a small team of three employees, the Chi Phi Educational Trust continues its mission of promoting scholarship, developing character, and supporting charitable causes.
Official website here: www.chiphi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
The Chi Phi Educational Trust has achieved a perfect score of 100%, reflecting its strong commitment to accountability and financial transparency. This rating is particularly significant as it indicates that the organization operates with high standards and effectively manages its resources. The Trust's adherence to best practices is evidenced by its independent board structure and the absence of any material diversions of assets.
One of the key strengths of the Chi Phi Educational Trust is its strong financial health, with a program expense ratio of 72.59%, demonstrating that a substantial portion of its funding goes directly towards its educational initiatives. Additionally, the organization has implemented robust governance policies including conflict of interest, whistleblower, and document retention policies, which enhance its operational integrity and accountability.
While the organization excels in its financial and governance practices, it is essential for potential donors and supporters to consider the specific programs and impact of the Trust. Understanding how the funds are utilized in educational endeavors can provide a clearer picture of the charity's overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Chi Phi Educational Trust legitimate?
Chi Phi Educational Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chi Phi Educational Trust 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: $138,952
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.chiphi.org
What is the mission statement of Chi Phi Educational Trust?
The Chi Phi Educational Trust is dedicated to improving lives and fostering personal growth by promoting scholarship, cultivating character, enhancing educational facilities, and supporting charitable causes. Through its initiatives, it provides scholarships to individuals from specific Chi Phi chapters or those meeting donor-specified criteria, supporting higher education in North America. Additionally, the trust offers educational housing space, spanning over 3,000 square feet, and organizes educational programming for undergraduate students.
Official website here: www.chiphi.org
What is the revenue of Chi Phi Educational Trust?
Chi Phi Educational Trust's revenue in 2023 was $893,446.
Official website here: www.chiphi.org
Who are the executives of Chi Phi Educational Trust and what are their salaries?
The average compensation at Chi Phi Educational Trust during 2023 was $34,738. There are 4 employees and 48 volunteers at Chi Phi Educational Trust.
Here are 14 key members and their salaries:
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- Compensation: $5,233
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- Compensation: $5,500
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- Other: $2,557
Official website here: www.chiphi.org
Where can I find the form 990 for Chi Phi Educational Trust?
Chi Phi Educational Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.chiphi.org
Learn more at the official website: www.chiphi.org
Mission Statement of Chi Phi Educational Trust
Chi Phi Educational Trust is dedicated to fostering personal growth and making a positive impact by advocating for scholarship, cultivating character, enhancing educational facilities, and supporting charitable causes. Their mission, in essence, is geared towards transforming individuals and bettering lives.
The Trust accomplishes this mission by providing financial aid in the form of scholarships to individuals affiliated with specific Chi Phi chapters or those who meet donor-specified criteria. These scholarships play a significant role in supporting higher education across North America. Furthermore, the Trust invests in educational infrastructure by offering over 3,000 square feet of housing space for undergraduate students. In addition to these tangible contributions, the Trust also engages in educational programming, helping to shape the academic experiences of these students.
In summary, Chi Phi Educational Trust is an organization that is committed to building better men and making a difference in lives. By providing scholarships, enhancing educational facilities, and offering educational programming, the Trust supports individuals in their academic pursuits and works towards promoting character development and charitable causes.
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Impact
July, 2024
Chi Phi Educational Trust's impact lies in its mission to build better men and change lives by promoting scholarship, developing character, improving educational facilities, and supporting charitable causes. The Trust maintains funds that provide scholarships to support higher education in North America, with 73 scholarships awarded. Additionally, the Trust has contributed over 3,000 square feet in educational housing space and provided educational programming for undergraduate students. Through these efforts, Chi Phi Educational Trust is making a tangible difference in the lives of individuals within its community and beyond.
This information is meant to be a general summary of Chi Phi Educational Trust. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $48,609
- Gross Receipts: $3,383,059
Assets and Liabilities:
- Total Assets: $4,382,134
- Total Liabilities: $24,338
- Net Assets: $4,357,796
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Organization Details
Founding Year
1930
Principal Officer
Laura Landry
Website
www.chiphi.orgNTEE Category
Code: B83 - Education
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