Skip to content
Nonprofiteer
← THETA CHI FRATERNITY INC

Form 990 for tax year 2023

Filed by THETA CHI FRATERNITY INC.

Totals

Total revenue
$6,283,846
Total expenses
$6,274,348
Contributions and grants received
$306,367
Grants paid
$41,000
Program service revenue
$5,848,801
Investment income
$1,824
Other revenue
$126,854
Total assets, end of year
$2,208,005
Total liabilities, end of year
$1,375,873
Net assets or fund balances, end of year
$832,132
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $100,000

  • 1f · All other contributions, gifts and grants

    $206,367

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $5,040,937 · related or exempt $5,040,937

  • 2b · Program service revenue: FC ADMINISTRATION

    total $511,511 · related or exempt $511,511

  • 2c · Program service revenue: NHC ADMINISTRATION

    total $296,353 · related or exempt $296,353

  • 3 · Investment income

    total $1,910 · unrelated business $1,910

  • 5 · Royalties

    total $100,879 · unrelated business $100,879

  • 7a · Gross sales of assets other than inventory

    securities $150,008

  • 7b · Less cost or other basis and sales expenses

    securities $150,094

  • 7c · Gain or loss

    securities -$86

  • 7d · Net gain or loss

    total -$86 · unrelated business -$86

  • 10a · Gross sales of inventory

    $3,364

  • 10b · Cost of goods sold

    $6,424

  • 10c · Net income from sales of inventory

    total -$3,060 · related or exempt -$3,060

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $29,035 · related or exempt $29,035

  • 11e · Other revenue, total

    $29,035

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $41,000

  • 5 · Compensation of officers, directors and key employees

    total $419,358

  • 7 · Other salaries and wages

    total $1,911,876

  • 8 · Pension plan contributions

    total $49,524

  • 9 · Other employee benefits

    total $182,119

  • 10 · Payroll taxes

    total $178,755

  • 11b · Fees: legal

    total $70,714

  • 11c · Fees: accounting

    total $28,883

  • 11f · Fees: investment management

    total $128

  • 11g · Fees: other

    total $79,184

  • 13 · Office expenses

    total $99,945

  • 14 · Information technology

    total $129,710

  • 16 · Occupancy

    total $224,627

  • 17 · Travel

    total $106,983

  • 19 · Conferences, conventions and meetings

    total $412,677

  • 22 · Depreciation, depletion and amortization

    total $7,623

  • 23 · Insurance

    total $1,324,214

  • 24a · Other expenses: UNRELATED BUSINESS INCO

    total $224

  • 24b · Other expenses: MEMBERSHIP DEVELOPMENT

    total $231,024

  • 24c · Other expenses: OTHER EXPENSES

    total $167,592

  • 24d · Other expenses: MEMBERSHIP MATERIALS

    total $161,928

  • 24e · All other expenses

    total $446,260

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $541,935 · end of year $886,302

  • 4 · Accounts receivable

    beginning of year $386,997 · end of year $33,399

  • 8 · Inventories for sale or use

    beginning of year $60,473 · end of year $47,601

  • 9 · Prepaid expenses and deferred charges

    beginning of year $424,312 · end of year $586,852

  • 10a · Land, buildings and equipment: cost or other basis

    $195,452

  • 10b · Land, buildings and equipment: accumulated depreciation

    $195,452

  • 10c · Land, buildings and equipment, net

    beginning of year $7,624 · end of year $0

  • 15 · Other assets

    beginning of year $446,667 · end of year $653,851

  • 17 · Accounts payable and accrued expenses

    beginning of year $303,231 · end of year $243,549

  • 19 · Deferred revenue

    beginning of year $366,959 · end of year $663,039

  • 25 · Other liabilities

    beginning of year $376,600 · end of year $469,285

  • 27 · Net assets without donor restrictions

    beginning of year $821,218 · end of year $832,132

Mission and programs · 2023

Mission

SEE SCHEDULE OTHE PURPOSE OF THETA CHI FRATERNITY, INC., A NEW YORK CORPORATION (THE "CORPORATION"), SHALL BE TO ESTABLISH, MAINTAIN, GOVERN, IMPROVE AND PROMOTE THE WELFARE OF A FRATERNAL ORDER TO BE KNOWN AS "THETA CHI FRATERNITY" (THE "FRATERNITY"), WHICH SHALL HAVE FOR ITS OBJECTS: THE MUTUAL BENEFIT AND ASSISTANCE OF ITS MEMBERS; THE BINDING BY CLOSER BONDS OF ITS MEMBERS ONE TO ANOTHER; THE RENDITION OF MUTUAL ASSISTANCE TO ITS MEMBERS DURING LIFE AND AFTER THEIR DEATH TO THEIR DEPENDENTS; THE ASSISTING OF NEEDY BUT DESERVING YOUNG MEN TO OBTAIN A HIGHER EDUCATION; THE FOSTERING OF HIGH SCHOLASTIC ACHIEVEMENT AMONG ITS MEMBERS; THE EXTENDING OF TRUE CHARITY TO THOSE WHO NEED SUCH ASSISTANCE; THE PROMOTING OF GOOD CITIZENSHIP; THE TRAINING AND THE DEVELOPING OF CIVIC LEADERS; AND, BY ALL MEANS WITHIN ITS POWER, THE INCULCATION AND THE EXTENSION THROUGHOUT THE LAND OF THE HIGHEST IDEALS OF HONOR, CHARITY, TOLERANCE, AND TRUE PATRIOTISM.

Activities or mission (Part I)

THE PURPOSE OF THETA CHI FRATERNITY, INC., A NEW YORK CORPORATION (THE "CORPORATION"), SHALL BE TO ESTABLISH, MAINTAIN, GOVERN, IMPROVE AND PROMOTE THE WELFARE OF A FRATERNAL ORDER TO BE KNOWN AS "THETA CHI FRATERNITY" (THE "FRATERNITY"), WHICH SHALL HAVE FOR ITS OBJECTS: THE MUTUAL BENEFIT AND ASSISTANCE OF ITS MEMBERS; THE BINDING BY CLOSER BONDS OF ITS MEMBERS ONE TO ANOTHER; THE RENDITION OF MUTUAL ASSISTANCE TO ITS MEMBERS DURING LIFE AND AFTER THEIR DEATH TO THEIR DEPENDENTS; THE ASSISTING OF NEEDY BUT DESERVING YOUNG MEN TO OBTAIN A HIGHER EDUCATION; THE FOSTERING OF HIGH SCHOLASTIC ACHIEVEMENT AMONG ITS MEMBERS; THE EXTENDING OF TRUE CHARITY TO THOSE WHO NEED SUCH ASSISTANCE; THE PROMOTING OF GOOD CITIZENSHIP; THE TRAINING AND THE DEVELOPING OF CIVIC LEADERS; AND, BY ALL MEANS WITHIN ITS POWER, THE INCULCATION AND THE EXTENSION THROUGHOUT THE LAND OF THE HIGHEST IDEALS OF HONOR, CHARITY, TOLERANCE, AND TRUE PATRIOTISM.

  • THE INITIATIVE ACADEMY'S MAIN PURPOSE IS TO INSPIRE AND EQUIP THE NEXT GENERATION OF LEADERS IN THETA CHI. THIS EVENT IS UNLIKE ANY OTHER EVENT OFFERED BY THE FRATERNITY. THE INITIATIVE ACADEMY IS DESIGNED FOR THE UNIQUE NEEDS AND PERSPECTIVES OF OUR EMERGING LEADERS. MEN WHO ATTEND THE INITIATIVE ACADEMY WILL LEAVE CHANGED AND PREPARED FOR LEADERSHIP.THE INITIATIVE ACADEMY IS NOT SIMPLY EXPOSING MEN TO LEADERSHIP IDEAS. THIS IS AN OPPORTUNITY FOR MEN TO IMMERSE THEMSELVES IN THE EXPERIENCE OF LEADERSHIP. UNLIKE TRADITIONAL WORKSHOPS AND CONFERENCES WHERE PARTICIPANTS SIT PASSIVELY IN A LECTURE FORMAT, THE INITIATIVE ACADEMY WILL ENGAGE PARTICIPANTS IN SEVERAL CHALLENGING, TEAM-ORIENTED EXERCISES THAT WILL PROVIDE THE BACKDROP FOR TREMENDOUS LEARNING AND GROWTH.

  • DERANIAN PRESIDENTS CONFERENCE: EDUCATION LEADERSHIP CONFERENCE PROVIDING KEYNOTE SPEAKERS, BREAKOUT EDUCATIONAL SESSIONS, AND HUMAN DEVELOPMENT. IT IS A 2 DAY EVENT AND INCLUDES LEADERSHIP DEVELOPMENT, RISK MANANGEMENT, AND MANAGEMENT SKILLS.

  • MID-YEAR LEADERSHIP CONFERENCE: EDUCATION LEADERSHIP CONFERENCE PROVIDING KEYNOTE SPEAKERS, BREAKOUT EDUCATIONAL SESSIONS, AND HUMAN DEVELOPMENT. IT IS A 2 DAY EVENT AND INCLUDES LEADERSHIP DEVELOPMENT, RISK MANANGEMENT, AND MANAGEMENT SKILLS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Creig L Andreasen

    INTERNATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Tobin B Roth

    INTERNATIONAL VICE PRESIDE

    Total calculated
    $0
    Hours/week
    4

  • Alan B Copeland

    INTERNATIONAL SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Thomas N Thompson

    INTERNATIONAL TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dr James A Black

    INTERNATIONAL CHAPLAIN

    Total calculated
    $0
    Hours/week
    1

  • Richard P Santoriella

    INTERNATIONAL COUNSELOR

    Total calculated
    $0
    Hours/week
    1

  • Steve W Gonzalez

    INTERNATIONAL MARSHAL

    Total calculated
    $0
    Hours/week
    1

  • James J McMahon

    INTERNATIONAL HISTORIAN

    Total calculated
    $0
    Hours/week
    1

  • Michael Mayer

    EXECUTIVE DIRECTOR

    Total calculated
    $250,891
    From this org
    $230,000
    From related orgs
    $0
    Other
    $20,891
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $20,000
    Other
    $0
    Deferred
    $12,600
    Nontaxable benefits
    $8,291
    Filer's total
    $250,891

  • Jim Powell

    ASSOCIATE EXEC. DIR.

    Total calculated
    $187,961
    From this org
    $169,500
    From related orgs
    $0
    Other
    $18,461
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $167,000
    Bonus
    $2,500
    Other
    $0
    Deferred
    $10,170
    Nontaxable benefits
    $8,291
    Filer's total
    $187,961

  • John Berghoff

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $157,791
    From this org
    $149,500
    From related orgs
    $0
    Other
    $8,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,500
    Bonus
    $18,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,291
    Filer's total
    $157,791

  • Ray Vanlanot

    CHIEF OPERATING OFFICER

    Total calculated
    $150,291
    From this org
    $142,000
    From related orgs
    $0
    Other
    $8,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,000
    Bonus
    $7,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,291
    Filer's total
    $150,291

  • Ben Hill

    CHIEF COMMUNICATIONS OFFICER

    Total calculated
    $113,291
    From this org
    $105,000
    From related orgs
    $0
    Other
    $8,291
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • BROAD STREET HOLDINGS INC

    501(C)(2) · TITLE HOLDING COMPANY · IN

    Directly controlled by THETA CHI FRATERNITY INC

  • FCP HOLDINGS INC

    501(C)(2) · TITLE HOLDING COMPANY · IN

    Directly controlled by THETA CHI FRATERNITY INC

  • OSB HOLDINGS INC

    501(C)(2) · TITLE HOLDING COMPANY · IN

    Directly controlled by THETA CHI FRATERNITY INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THETA CHI OPERATIONS LLC

    FRATERNITY MANAGEMENT · IN · income $6,291,558 · assets $2,206,995

    Directly controlled by THETA CHI FRATERNITY INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349305696

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.