Foundation Chapter Of Theta Chi Fraternity Inc
- Assets
- $18.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 10/1959
- Data as of
- 06/2021
- EIN
- 21-4014559
Organization Overview
Foundation Chapter Of Theta Chi Fraternity Inc is located in Carmel, IN. The organization was established in 1959. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Chapter Of Theta Chi Fraternity Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Foundation Chapter Of Theta Chi Fraternity Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $970.1k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EDUCATION AND CHARITY BY PROVIDING STUDY, SUPPORT, SCHOLARSHIPS, GRANTS AND OTHER INCENTIVES TO STUDENTS BY ASSISTING IN THE EFFICIENT USE OF EDUCATIONAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES EDUCATIONAL SCHOLARSHIPS TO INDIVIDUAL MEMBERS OF THE ORGANIZATION FOR ADVANCEMENT OF THEIR EDUCATIONAL COLLEGE DEGREES AND GRADUATE DEGREES. GRANTS ARE PROVIDED TO THE GENERAL FRATERNITY FOR FINANCIAL SUPPORT OF EDUCATIONAL PROGRAMMING AT LEADERSHIP CONFERENCES AND GENERAL EDUCATIONAL PROGRAMS AND SERVICES.
PUBLICATION OF THE RATTLE, THETA CHI FRATERNITY'S OFFICAL MAGAZINE. IT IS PUBLISHED TWO TIMES PER YEAR- ONCE IN THE SUMMER AND ONCE IN THE WINTER. IT CONTAINS A VARIETY OF STORIES PERTAINING TO ALUMNI AND UNDERGRADUATE NEWS, UPDATES FROM THE HEADQUARTERS, AND OTHER TOPICS OF INTEREST.
OTHER PROGRAM SERVICES ARE PROVIDED TO INCREASE THE FOUNDATION ENDOWMENT THROUGH TAX DEDUCTIBLE DONATIONS IN AN EFFORT TO PROVIDE ADDITIONAL EDUCATIONAL SCHOLARSHIPS AND GRANTS FOR ITS UNDERGRADUATE AND GRADUATE STUDENTS. THESE SERVICES INCLUDE MAIL SOLICITATIONS, PLANNED GIVING PROGRAM, AND OTHER GIVING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A May Vice President | OfficerTrustee | 5 | $0 |
Patrick T O'connor President | OfficerTrustee | 10 | $0 |
Vance K Maultsby Jr Secretary | OfficerTrustee | 5 | $0 |
Kirby V Montgomery Treasurer | OfficerTrustee | 5 | $0 |
Dennis A Cardoza Director | Trustee | 2 | $0 |
Eric R Jayaweera Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,010,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,010,383 |
| Total Program Service Revenue | $0 |
| Investment income | $418,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $392,716 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,822,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,384 |
| Grants and other assistance to domestic individuals. | $295,843 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $291,753 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,081 |
| Fees for services: Other | $8,760 |
| Advertising and promotion | $0 |
| Office expenses | $36,513 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,000 |
| Travel | $10,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,331 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,191 |
| All other expenses | $5,573 |
| Total functional expenses | $970,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,952 |
| Savings and temporary cash investments | $84,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,661 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,071 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,927,179 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,593,561 |
| Total assets | $18,208,879 |
| Accounts payable and accrued expenses | $11,960 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $364,121 |
| Total liabilities | $376,081 |
| Net assets without donor restrictions | $3,679,138 |
| Net assets with donor restrictions | $14,153,660 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,208,879 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Foundation Chapter Of Theta Chi Fraternity Inc has recieved totaling $21,092.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,717 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $125 |
Endowment Analysis
| Beg. Balance | $7,334,583 |
| Earnings | $1,373,133 |
| Net Contributions | $161,415 |
| Grants | $150,555 |
| Ending Balance | $8,718,576 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Kappa Alpha Sorority Inc Chicago, IL | $52,441,632 | $51,516,125 |
Alpha Chi Omega Fraternity Inc Subordinate Group Return Indianapolis, IN | $14,649,947 | $40,155,392 |
Alpha Kappa Alpha Sorority Inc Chicago, IL | $69,493,289 | $32,008,594 |
Kappa Alpha Theta Fraternity Housing Corporation Indianapolis, IN | $75,225,984 | $20,546,319 |
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |