Chi Boule Foundation

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

EIN: 851360222 ✦ Madison, TN ✦ Designated as a 501(c)(3)

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Overview

What is Chi Boule Foundation?

The Chi Boule Foundation, based in Madison, Tennessee, is a nonprofit organization that functions as a conduit for philanthropic contributions. Primarily, it aims to offer tax-deductible donations to fund scholarships and educational prospects for young African-American students within their community. Beyond educational support, the foundation also contributes to the strategic initiatives of its affiliated Sigma Pi Phi Fraternity Boul, encompassing Financial Literacy, Economic Empowerment, Civic Engagement, and Social Justice.

Is Chi Boule Foundation legitimate?

Chi Boule Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chi Boule Foundation 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: $0

For more financial information, click here

What is the mission statement of Chi Boule Foundation?

The Chi Boule Foundation serves as a fundraising entity for the Chi Member Boul of Sigma Pi Phi Fraternity, enabling Archons and potential donors to make tax-deductible contributions. Its primary goal is to support the education of young African-American students within their community by providing scholarships. Beyond scholarships, the foundation also supports various initiatives aligned with the strategic plan of the Chi Member Boul, including Financial Literacy, Economic Empowerment, Civic Engagement, and Social Justice. The foundation aims to contribute to the betterment of the community and the lives of its members through these initiatives.

Who is the CEO of Chi Boule Foundation?

Valerie Molette is the Treasurer of Chi Boule Foundation.

What is the revenue of Chi Boule Foundation?

Chi Boule Foundation's revenue in 2022 was $532,737.

Who are the executives of Chi Boule Foundation and what are their salaries?


Here are 13 key members and their salaries:


Michael Carter Sr (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Turner Nashe (Chairman Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfonzo Alexander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Littlejohn (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Hamilton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Valerie Molette (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gail Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Story (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sl Lampkin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melvin Malone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Roberts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Fisher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Chi Boule Foundation?

Chi Boule Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Chi Boule Foundation

The Chi Boule Foundation serves as a crucial fundraising entity for the Chi Member Boul of Sigma Pi Phi Fraternity. Its primary mission is to provide a platform for Archons and potential donors to make tax-deductible contributions, aiming to support scholarly pursuits and educational opportunities for young African-American students within their community. Beyond scholarships, the foundation also supports the strategic initiatives of the Chi Member Boul, including Financial Literacy, Economic Empowerment, Civic Engagement, and Social Justice. These endeavors are designed to uplift the community and foster positive change. The Chi Boule Foundation's mission is instrumental in fostering growth and development among young African-American students and contributing to various community-focused initiatives.

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Impact




July, 2024

Chi Boule Foundation's impact is profound in the MADISON community, providing scholarships and educational opportunities for young African-American students. In addition to supporting academic pursuits, the foundation plays a crucial role in promoting Financial Literacy, Economic Empowerment, Civic Engagement, and Social Justice initiatives. Through the generosity of Archons and other donors, the foundation is able to make a tangible difference in the lives of individuals and the broader community, embodying a commitment to philanthropy.




This information is meant to be a general summary of Chi Boule Foundation. 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
$532,737 (2022)
Expenses
$108,802 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $583,133

Assets and Liabilities:

  • Total Assets: $440,991
  • Total Liabilities: $0
  • Net Assets: $440,991

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Organization Details

Founding Year

2020

Principal Officer

Valerie Molette

Main Address

PO BOX 1546, MADISON, TN, 37116

NTEE Category

Code: T70 - Philanthropy

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