Theta Chi Fraternity INC

Not tax-deductible

Needham, MA501(c)(7)Mutual / membership EIN 04-6144059Revenue $226K in FY2025Latest return filed Nov 6, 2025

On file with the IRS394 Manning St, 02492-3443 · Needham, MATax-exempt since Dec 2014

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Provided housing to fraternity members at the University of Massachusetts.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $43K a year · 21% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
16 mo
of spending, in cash
Looks good: 15.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$165K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$226K
-8% vs prior year
Spent
$210K
To programs
0%
Net assets
$697K
By yearFY2021–FY2025
Revenue
$226K
FY2025▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2021$155K
FY2022$177K
FY2023$206K
FY2024$245K
FY2025$226K
Expenses
$210K
FY2025▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2021$127K
FY2022$118K
FY2023$183K
FY2024$154K
FY2025$210K
Net assets
$697K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$560K
FY2022$621K
FY2023$592K
FY2024$682K
FY2025$697K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2012-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Dec 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President/Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Theta Chi Fraternity INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing for fraternity members at the University of Massachusetts.

Questions for Theta Chi Fraternity INC

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1 program · in their own filed words · FY2024
01

Provision of room and board and chapter activities for use by fraternity members.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$226K
Ln 12
Fees for servicesLn 2g$226K
Investment incomeLn 3$2
Money outPt IX
$210K
Ln 25
Owns and owesPt X
$697K
net assets · Ln 32
Cash and savingsLn 1–2$271K
Total assetsLn 16$862K
LiabilitiesLn 26$165K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$226K
Investment incomeLn 3$2
Gains on assetsLn 7$0
Total revenueLn 12$226K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$271K
Cash and savings togetherLn 1–2$271K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$589K
Other assetsLn 15$0
Total assetsLn 16$862K
LiabilitiesLn 26$165K
Net assetsLn 32$697K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$264K$271K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$609K$589K
Total assetsLn 16$881K$862K
LiabilitiesLn 26$199K$165K
Net assetsLn 32$682K$697K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$6K
InterestLn 20$7K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$29K
InsuranceLn 23$18K
Other expenses (24a–d)Ln 24$144K
All other expensesLn 24e$7K
Total functional expensesLn 25$210K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Nov 6, 2025 $226K$210K$16K$697K 990 PDF
FY2024Filed with the IRS Aug 28, 2024 $245K$154K$91K$682K 990 PDF
FY2023Filed with the IRS Nov 4, 2023 $206K$183K$23K$592K 990 PDF
FY2022Filed with the IRS Nov 14, 2022 $177K$118K$59K$621K 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $155K$127K$27K$560K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $225,554 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $245,200$225,552
I-10 Investment incomePrior year $2$2
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $245,202$225,554
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $154,203$209,861
I-18 Total expensesPrior year $154,203$209,861
I-19 Revenue less expensesPrior year $90,999$15,693
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $225,554 across 8 lines filed
Lines not itemized here account for $225,552 of total revenue; see the IRS return.
VIII-1c Fundraising events$0
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $2 · Unrelated business $0 · Excluded from tax $0$2
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $225,554 · Unrelated business $0 · Excluded from tax $0$225,554
Part IX · Statement of functional expenses $209,861 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$5,548
IX-20 Interest$6,972
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$28,643
IX-23 Insurance$17,809
IX-24 Other expenses (24a–d)$144,302
IX-24e All other expenses$6,587
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$209,861
Part X · Balance sheet $861,980 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $264,292$271,025
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $2,075$1,500
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $5,000$0
X-10c Land, buildings and equipment, netStart of year $609,476$589,455
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $1$0
X-16 Total assetsStart of year $880,844$861,980
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-25 Other liabilitiesStart of year $17,500$13,750
X-26 Total liabilitiesStart of year $198,523$164,789
X-32 Total net assets or fund balancesStart of year $682,321$697,191
X-33 Total liabilities and net assetsStart of year $880,844$861,980
Part XI · Reconciliation of net assets $697,191 net assets at year end
XI-1 Total revenue$225,554
XI-2 Total expenses$209,861
XI-3 Revenue less expenses$15,693
XI-4 Net assets at start of year$682,321
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$823
XI-10 Net assets at end of year$697,191

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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