Chi Phi Fraternity Inc Miami Chi Phi House Corporation

Nonprofit profile at a glance

EIN
311187540
IRS 990 coverage
2010–2018
Forms available
Form 990 2018
Location
South Euclid, OH, USA
Phone
2163819933
Rating
45
Verdict
MIXED
Rating confidence
Moderate
Sector
Student Sororities, Fraternities

Reported finances

Revenue
$13,709
Expenses
$3,157
Assets
$309,170
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • DAVID OSTERMEYER (PRESIDENT)

People named in this filing

  • DAVID OSTERMEYER (PRESIDENT)
  • ROBERT SCHOENEWALD (TREASURER)
  • RICK KARL (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

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 or scholarships are created.

What it reported doing in 2018

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

Operating model

Revenue model
Investment-supported. 99% of the money available for current operations came from recurring investment income.
Distribution model
Affiliate network. The nonprofit sent 100% of its reported program spending through affiliated organizations.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 8
  • Transparency & Controls: 90
  • Accountability: 45
  • Sustainability: 89
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 3.7%; rating input score 4
  • Program expense ratio: 15.8%; rating input score 16
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 21st percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 77%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 97.93; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -9.8% per year; rating input score 0; 33rd percentile among comparable filings
  • Revenue growth: -13.6% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: 3.1% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 3.7% of revenue deployed · 15.8% of spending went to programs
  • Governance: 2 of 3 board members independent · 1 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $500 in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 4/100.
  • High — Financial Efficiency: Program expense ratio scored 16/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.