Foundation Chapter Of Theta Chi Fraternity Inc

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.

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)Compensation
Patrick T O'connor
President
$0
David A May
Vice President
$0
Vance K Maultsby Jr
Secretary
$0
Kirby V Montgomery
Treasurer
$0
Dennis A Cardoza
Director
$0
M Walt Davis
Director
$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

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 OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,334,583
Earnings$1,373,133
Net Contributions$161,415
Grants$150,555
Ending Balance$8,718,576

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