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Nonprofiteer
← FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC

Form 990 for tax year 2023

Filed by FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC.

Totals

Total revenue
$1,843,298
Total expenses
$1,548,579
Contributions and grants received
$1,254,221
Grants paid
$534,578
Program service revenue
$0
Investment income
$588,923
Other revenue
$154
Total assets, end of year
$18,402,143
Total liabilities, end of year
$431,864
Net assets or fund balances, end of year
$17,970,279
Program services expenses (Part IX)
$821,228
Management and general expenses
$352,794
Fundraising expenses
$374,557
Program service expenses (Part III)
$821,228

Program services were 53.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $1,254,221

  • 1g · Noncash contributions included above

    $20,072

  • 3 · Investment income

    total $542,704 · excluded $542,704

  • 7a · Gross sales of assets other than inventory

    securities $572,930

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

    securities $526,711

  • 7c · Gain or loss

    securities $46,219

  • 7d · Net gain or loss

    total $46,219 · excluded $46,219

  • 11a · Other revenue: OTHER INCOME

    total $154 · excluded $154

  • 11e · Other revenue, total

    $154

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $202,000 · program services $202,000

  • 2 · Grants to domestic individuals

    total $332,578 · program services $332,578

  • 11a · Fees: management

    total $494,511 · program services $97,495 · management and general $129,641 · fundraising $267,375

  • 11c · Fees: accounting

    total $22,425 · management and general $22,425

  • 11f · Fees: investment management

    total $35,617 · management and general $35,617

  • 11g · Fees: other

    total $9,720 · management and general $9,720

  • 13 · Office expenses

    total $86,397 · management and general $55,912 · fundraising $30,485

  • 16 · Occupancy

    total $35,000 · management and general $35,000

  • 17 · Travel

    total $40,796 · fundraising $40,796

  • 19 · Conferences, conventions and meetings

    total $48,143 · management and general $48,143

  • 23 · Insurance

    total $4,484 · management and general $4,484

  • 24a · Other expenses: THE RATTLE PUBLICATION

    total $178,002 · program services $178,002

  • 24b · Other expenses: FUNDRAISING EXPENSES

    total $32,317 · fundraising $32,317

  • 24c · Other expenses: CREDIT CARDS & BANK FEE

    total $11,852 · management and general $11,852

  • 24d · Other expenses: ALUMNI PROGRAMMING

    total $11,153 · program services $11,153

  • 24e · All other expenses

    total $3,584 · fundraising $3,584

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,106,474 · end of year $1,477,796

  • 4 · Accounts receivable

    beginning of year $267 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,911 · end of year $10,445

  • 11 · Investments: publicly traded securities

    beginning of year $8,594,438 · end of year $9,384,445

  • 15 · Other assets

    beginning of year $6,756,848 · end of year $7,529,457

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,160 · end of year $17,640

  • 25 · Other liabilities

    beginning of year $391,771 · end of year $414,224

  • 27 · Net assets without donor restrictions

    beginning of year $3,341,557 · end of year $3,850,939

  • 28 · Net assets with donor restrictions

    beginning of year $12,719,450 · end of year $14,119,340

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $364,578 · Grants $364,578

  • 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.

    Expenses $178,002

  • 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.

    Expenses $278,648 · Grants $170,000

As filed on the 2023 return.

Listed in Part VII

  • Vance Maultsby

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Steven Mudder

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Paul Norstrem

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Eric Jayaweera

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Phil Pappas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steve Macri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Oprison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bob Sasser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marvin McConaghy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349305694

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