Theta Chi Fraternity Inc is located in Orono, ME. The organization was established in 1966. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Theta Chi Fraternity Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Theta Chi Fraternity Inc generated $40.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $36.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDEDMEALS,HOUSINGANDSOCIALPROGRAMSFORTHELOCALSOCIALFRATERNITYMEMBERS-TOTALOF67MEMBERSFORTHEYEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Noah Boucher President | 12 | $0 | |
Connor Wilson Vice-President | 4 | $0 | |
Ben Supple Treasurer | 10 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $170 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $3 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $40,120 |
Total Revenue | $40,293 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $3,015 |
Occupancy, rent, utilities, and maintenance | $33,123 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $36,138 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $5,176 |
Other assets | $0 |
Total assets | $5,176 |
Total liabilities | $0 |
Net assets or fund balances | $5,176 |
Organization Name | Assets | Revenue |
---|---|---|
Alpha Sigma House Corporation Of Kappa Delta Dover, NH | $1,058,765 | $551,179 |
Theta Delta Chi Inc Hanover, NH | $2,053,855 | $359,096 |
Psi Upsilon Fraternity Hanover, NH | $20,078 | $233,801 |
Sigma Phi Epsion Alumni Corp Maine Chapter Orono, ME | $802,140 | $106,559 |
Beta Theta Pi Fraternity Orono, ME | $2,000 | $0 |
Sigma Phi Epsilon New Hampshire Alpha Hanover, NH | $83,478 | $156,546 |
The Alpha Omega Chapter Of Beta Theta Pi Fraternity Hanover, NH | $2,571,475 | $228,246 |
Chi Omega Fraternity Durham, NH | $55,154 | $0 |
Kevin T Mchugh Memorial Scholarship Fund Inc Manchester, NH | $0 | $0 |
Tau Corporation Of Hanover N H Hanover, NH | $418,332 | $0 |
Alpha Delta Alumni Corporation Exeter, NH | $483,729 | $88,061 |
Kappa Delta Phi National Affiliated Sorority Inc Hollis, ME | $269,762 | $0 |