Xi Chapter Alumni Association FY2021 filing

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Our mission is to provide advice and assistance to current undergraduate members of tau epsilon phi, Xi Chapter,in maintaining their house both socially and physically, and to serve as a liaison between the fraternity and the massachusetts institute of technology.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2021 · Form 990-EZIndependent: 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-EZ
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $95K a year · 92% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Named funders
1
named funder · $46K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$427K
total owed
No data yet: the filing does not give total assets.
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
$102K
Net assets
$241K
By yearFY2021–FY2025
Revenue
$102K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$102K
FY2022$64K
FY2023$113K
FY2024$21K
FY2025$214K
Expenses
—
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$10K
FY2023$4K
FY2024$8K
FY2025$11K
Net assets
$241K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$241K
FY2022$193K
FY2023$310K
FY2024$324K
FY2025$509K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1940.

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

Who runs it and what they're paid

8 people listed on the 990-EZ.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Xi Chapter Alumni Association executive salaries →

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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

Xi Chapter Alumni Association is a member-serving organization based in Framingham, MA, formed in 2003.

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Provided by the organization

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3 programs · in their own filed words · FY2021
01

Provide advice and assistance to current undergraduate members of tau epsilon phi, xi chapter,in maintaining theirhouse both socially and physically.

Pt IX · col B
02

Organize community events for alumni. Maintain website and send periodic newsletter.

Pt IX · col B
03

Communicate with mit about issues relevant to tau epsilon phi, xi chapter.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$46K

By the numbers

The FY2021 990-EZ, line by line.

1The main four
Money in
$102K
Gifts and grants$96K
Other income$6K
Investment income$74
Owns and owes
$241K
net assets
Cash and savings$379K
Liabilities$427K
People
8
listed
Paid0
Voting board5
Independent5
2In more detail
Revenue in detail
Gifts and grants$96K
Investment income$74
Other income$6K
Total revenue$102K
Assets in detailEnd of year
Cash and savings together$379K
Liabilities$427K
Net assets$241K
Operations
Employees0
Volunteers9
Fiscal year endsDecember
Conflict-of-interest policyNo
Whistleblower policyNo
Records policyNo

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $214K$11K$204K$509K 990 PDF
FY2024 $21K$8K$14K$324K 990 PDF
FY2023 $113K$4K$109K$310K 990 PDF
FY2022 $64K$10K$54K$193K 990 PDF
FY2021 Viewing $102K$241K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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