Phi Chi Medical Fraternity Inc, Chi Upsilon Chapter in Omaha, Nebraska (NE)

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Phi Chi Medical Fraternity Inc, Chi Upsilon Chapter
Employer Identification Number (EIN)476043943
Name of OrganizationPhi Chi Medical Fraternity Inc
Secondary NameChi Upsilon Chapter
Address3920 Dewey Ave, Omaha, NE 68105-1111
ActivitiesFraternity or sorority
SubsectionPleasure, Recreational, or Social Club
Ruling Date05/1966
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$120,216
Amount of Income$59,635
Form 990 Revenue Amount$7,816


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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$-8,511$0$7,816
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$-8,511$0$7,816
Gross income from gaming$0$0$0
Gross income from fundraising events$52,495$0$59,635
Less: direct expenses from gaming and fundraising events$61,006$0$51,819
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$0$510$0
Total net assets$119,932$119,422$120,216
Excess/Deficit for the year$-8,511$-510$7,816
Net assets or fund balances at beginning of year$128,443$119,932$119,422
Other changes in net assets or fund balances$0$0$-7,022
Net assets or fund balances at end of year$119,422$120,216
Balance Sheets
201220132014
Total assets$119,932$119,422$120,216
Total liabilities$0$0$0
Net assets or fund balances$119,932$119,422$120,216
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$1,500$0
Gross receipts for public use of club facilities$0$50,992$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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12Phi Chi Medical Fraternity Inc, Upsilon Nu Chapter3708 Dewey Ave, Omaha, NE 68105-1126NE1940-11$75,353
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All affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralPhi Chi Medical Fraternity Inc2039 Ridgeview Dr, Floyds Knobs, IN 47119-8913IN1940-11$42,828
SubordinatePhi Chi Medical Fraternity Inc, Psi Chapter Alumni Association2250-60 Fuller Road, Ann Arbor, MI 48105-2325MI1940-12$255,212
SubordinatePhi Chi Medical Fraternity Inc, Zeta Chapter606 University Blvd, Galveston, TX 77550-5506TX1940-11$170,800
SubordinatePhi Chi Medical Fraternity Inc, Kappa Chi Chapter2221 University Ave Se Ste 111, Minneapolis, MN 55414-3074MN1940-06$88,462
SubordinatePhi Chi Medical Fraternity Inc, Upsilon Nu Chapter3708 Dewey Ave, Omaha, NE 68105-1126NE1940-11$75,353
SubordinatePhi Chi Medical Fraternity Inc, Chi Chapter1025 Spruce St, Philadelphia, PA 19107-6703PA1940-11$65,038
SubordinatePhi Chi Medical Fraternity Inc, Chi Upsilon Chapter3920 Dewey Ave, Omaha, NE 68105-1111NE1966-05$59,635
SubordinatePhi Chi Medical Fraternity Inc, Kappa Chi Alumni Association2221 University Ave Se Ste 111, Minneapolis, MN 55414-3074MN1940-11$39,685
SubordinatePhi Chi Medical Fraternity Inc1017 Broadway St, New Orleans, LA 70118LA1940-11$35,695
SubordinatePhi Chi Medical Fraternity Inc1800 E Shelby St, Seattle, WA 98112WA1957-04$0
SubordinatePhi Chi Medical Fraternity Inc687 Jefferson Ave, Memphis, TN 38105TN1940-11$0
SubordinatePhi Chi Medical Fraternity Inc, Psi Chapter2260 Fuller Rd, Ann Arbor, MI 48105-2324MI1940-11$0
SubordinatePhi Chi Medical Fraternity Inc, Phi Rho Chapter3315 Russell Blvd, St Louis, MO 63104-1546MO1940-11$0
SubordinatePhi Chi Medical Fraternity IncSigma Kappa Chapter 45 Courtenay Drive, Charleston, SC 29401SC1940-11$0
SubordinatePhi Chi Medical Fraternity Inc, Alpha Alpha Alumni Association2039 Ridgeview Drive, Floyds Knobs, IN 47119IN1966-05$0
Number of affiliated organizations
Indiana2
Louisiana1
Michigan2
Minnesota2
Missouri1
Nebraska2
Pennsylvania1
South Carolina1
Tennessee1
Texas1
Washington1
Total15

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