Iota Club Of Theta Xi
- Assets
- $1.8m
- Revenue
- $208.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chesterfield, MO
- Founding
- 06/2005
- Data as of
- 09/2021
- EIN
- 23-7160343
Organization Overview
Iota Club Of Theta Xi is located in Chesterfield, MO. The organization was established in 2005. 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. Iota Club Of Theta Xi is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2021, Iota Club Of Theta Xi generated $208.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $51.6k during the year ending 09/2021. While expenses have increased by 1.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 FURNISH FACILITIES FOR BRINGING TOGETHER ITS MEMBERS FOR EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALUMNI CLUB OF THETA XI FRATERNITY PROVIDES GUIDANCE AND LEADERSHIP TO THE UNDERGRADUATE CHAPTER MEMBERS TO AID THEM IN THEIR EDUCATIONAL PURSUITS AND DEVELOPMENT. THE CLUB SUPPORTS THESE ACTIVITIES BY DEFRAYING THE COSTS TO THE UNDERGRADUATES FOR THESE ACTIVITIES, INCLUDING, BUT NOT LIMITED TO, THE COSTS OF TRAVEL, MEALS AND ATTENDEE FEES. THE ALUMNI CLUB ALSO ASSISTS CHAPTERS TO PROVIDE OPPORTUNITIES TO INTERACT BY LENDING FUNDS FOR THE CONSTRUCTION OR RENOVATION OF CHAPTER HOUSING.
THE ALUMNI CLUB OF THETA XI FRATERNITY SPONSORS A SCHOLARSHIP PROGRAM UNDER WHICH UNDERGRADUATE MEMBERS RECEIVE MONETARY AWARDS FOR ACADEMIC ACHIEVEMENT AS SPECIFIED UNDER THE PROGRAM.
THE ALUMNI CLUB OF THETA XI FRATERNITY SUPPORTS THE MEMBERS OF THE UNDERGRADUATE CHAPTER IN THEIR PARTICIPATION IN THE ANNUAL FOUNDERS' DAY DINNER, WHICH IS DESIGNED TO BRING TOGETHER ALUMMNI AND UNDERGRADUATE MEMBERS TO PROMOTE THE BONDING AND CAMARADERIE NECESSARY TO PROMOTE THE ADVANCEMENT OF THEIR EDUCATIONAL EXPERIENCE AND DEVELOPMENT UNDER THE VENUE OF HONORING THE FOUNDERS OF THE FRATERNITY AND DEFRAYS THE COSTS OF ATTENDING THE EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Schweitzer 1st Vice President | OfficerTrustee | 0 | $0 |
Timothy Neukum Treasurer | OfficerTrustee | 0 | $0 |
Robert Hazelwood President | OfficerTrustee | 0 | $0 |
Joseph Herman 2nd Vice President | OfficerTrustee | 0 | $0 |
Joseph Malbrough Secretary | Trustee | 0 | $0 |
David Rasche Alumni Trustee | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,457 |
| Investment income | $15,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $145,692 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,208 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,857 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $594 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,160 |
| Insurance | $0 |
| All other expenses | $234 |
| Total functional expenses | $51,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $297,363 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,801 |
| Investments—publicly traded securities | $714,308 |
| Investments—other securities | $0 |
| Investments—program-related | $765,007 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,784,479 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,784,479 |
| Total liabilities and net assets/fund balances | $1,784,479 |
Grants Awarded
Over the last fiscal year, Iota Club Of Theta Xi has awarded $25,208 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: Academic scholarship | $15,208 |
Creve Coeur, MO PURPOSE: general support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |
Alumni Association University Of Nebraska Lincoln, NE | $18,158,198 | $3,537,579 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |
Nautilus Management Inc Memphis, TN | $16,834,211 | $2,172,564 |
The Tau Beta Pi Association Inc Knoxville, TN | $43,758,884 | $4,633,459 |
Alpha Phi International Fraternity Chicago, IL | $317,269 | $2,685,882 |
Phi Gamma Delta Educational Foundation Lexington, KY | $23,695,128 | $3,021,786 |