Pi Tau Sigma
- Assets
- $1.1m
- Revenue
- $95.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Brookings, SD
- Founding
- 11/1966
- Data as of
- 08/2021
- EIN
- 37-0801477
Organization Overview
Pi Tau Sigma, operating under the name Co Gregory Michna, is located in Brookings, SD. 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 parent organization of an affiliated group for tax-exemption purposes. Co Gregory Michna 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 08/2021, Co Gregory Michna generated $95.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $41.4k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 6 years. 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
HONORARY SOCIETY FOR MECHANICAL ENGINEERS. TO RECOGNIZE, SUPPORT AND HONOR SOUND ENGINEERING ABILITY, SCHOLARSHIP, PERSONALITY, AND FUTURE SUCCESS IN THE FIELD OF MECHANICAL ENGINEERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION ANNUAL MEETING OF CHAPTERS TO VOTE ON FINANCIAL MATTERS AND OTHER BUSINESS ITEMS, AWARD RECOGNITIONS, REPORTING ON NATIONAL MATTERS AFFECTING MEMBERSHIP.
NATIONAL OFFICE PROCESSING OF MEMBERSHIPS, PRINTING OF CERTIFICATES, RECOGNITIONS, MAINTENANCE OF CHAPTER MEMBERSHIP DOCUMENTATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Michna Secretary/tr | Officer | 15 | $19,200 |
Darryl James President | Officer | 5 | $0 |
Yolanda Mack Vice Preside | Trustee | 2 | $0 |
Antonios Kontsos Vice Preside | Trustee | 2 | $0 |
Bogdan Epureneau Vice Preside | Trustee | 2 | $0 |
Cynthia Mitchell Vice Pres At | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $58,360 |
| 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 | $58,360 |
| Total Program Service Revenue | $0 |
| Investment income | $28,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,892 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $19,200 |
| 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 | $812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16 |
| Advertising and promotion | $0 |
| Office expenses | $19,935 |
| Information technology | $350 |
| 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 | $1,094 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $41,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,152 |
| Savings and temporary cash investments | $0 |
| 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 | $9,635 |
| Prepaid expenses and deferred charges | $275 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,057,402 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,145,464 |
| 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 | $1,145,464 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,145,464 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alumni Association University Of Nebraska Lincoln, NE | $18,158,198 | $3,537,579 |
Sigma Phi Epsilon Foundation In Nebraska Inc Lincoln, NE | $4,553,934 | $970,576 |
Alpha Gamma Rho Fraternity Lincoln, NE | $134,547 | $784,798 |
Sigma Lambda Gamma National Sorority Inc Iowa City, IA | $363,211 | $683,914 |
Farm House Fraternity Inc Lincoln, NE | $93,483 | $739,181 |
Delta Tau Delta Fraternity Ames, IA | $14,265 | $764,487 |
Gamma Phi Beta Sorority Inc Lincoln, NE | $183,811 | $742,634 |
Beta Theta Pi Fraternity Lincoln, NE | $103,109 | $654,494 |
Peo Sisterhood International Chapter Des Moines, IA | $1,163,643 | $728,682 |
Farm House Fraternity Inc Ames, IA | $86,673 | $644,568 |
Alpha Tau Omega Fraternity Lincoln, NE | $3,127,246 | $677,415 |
Gamma Phi Beta Sorority Inc Lincoln, NE | $2,936,073 | $601,651 |