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Alph Theta Fraternity INC

Not tax-deductible

Ithaca, NYMutual-benefit / member-serving EIN 23-7212257Revenue $577K in FY2025

On file with the IRSCo Sciarabba Walker 410 E Upland, 14850-0000 · Ithaca, NYTax-exempt since Apr 1975

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People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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 $203K a year · 56% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
58 mo
of spending, in cash
Looks good: 57.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$510K
18% of total assets
Looks good: liabilities are 18% 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
$577K
+53% vs prior year
Spent
$199K
Net assets
$2.3M
By yearFY2021–FY2025
Revenue
$577K
FY2025▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2021$429K
FY2022$137K
FY2023$275K
FY2024$378K
FY2025$577K
Expenses
$199K
FY2025▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2021$98K
FY2022$99K
FY2023$161K
FY2024$226K
FY2025$199K
Net assets
$2.3M
FY2025▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.6M
FY2022$1.7M
FY2023$1.8M
FY2024$1.9M
FY2025$2.3M

From the FY2025 Form 990 (year ending July 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1975.

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
William Page
President
$0Pt VII · Sec A
R Andrew Salamida
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Benjamin Krapels
Alumni Relations
$0Pt VII · Sec A
Duncan McKeen
Secretary
$0Pt VII · Sec A
See Alph Theta Fraternity INC 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

Alph Theta Fraternity INC is a member-serving organization based in Ithaca, NY.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Provide for housing, repairs, maintenance and improvement of the fraternity house and conduct alumni social activities

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$577K
Ln 12
Gifts and grantsLn 1h$574K
Investment incomeLn 3$3K
Money outPt IX
$199K
Ln 25
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$956K
Total assetsLn 16$2.8M
LiabilitiesLn 26$510K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$574K
Investment incomeLn 3$3K
Total revenueLn 12$577K
Assets in detailPt X, end of year
CashLn 1$956K
Cash and savings togetherLn 1–2$956K
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$10K
Total assetsLn 16$2.8M
LiabilitiesLn 26$510K
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderJuly
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$251K$956K
Land, buildings, equipmentLn 10c$1.7M$1.9M
Total assetsLn 16$1.9M$2.8M
LiabilitiesLn 26$0$510K
Net assetsLn 32$1.9M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$53K
OccupancyLn 16$77K
InterestLn 20$7K
Depreciation, depletion and amortizationLn 22$34K
InsuranceLn 23$17K
Other expenses (24a–d)Ln 24$10K
Total functional expensesLn 25$199K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $577K$199K$378K$2.3M 990 PDF
FY2024 $378K$226K$152K$1.9M 990 PDF
FY2023 $275K$161K$114K$1.8M 990 PDF
FY2022 $137K$99K$39K$1.7M 990 PDF
FY2021 $429K$98K$331K$1.6M 990 PDF

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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 $576,595 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$573,568
I-9 Program service revenuePrior year $168,470$0
I-10 Investment incomePrior year $0$3,027
I-11 Other revenuePrior year $209,057$0
I-12 Total revenuePrior year $377,527$576,595
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 $225,588$198,696
I-18 Total expensesPrior year $225,588$198,696
I-19 Revenue less expensesPrior year $151,939$377,899
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 $576,595 across 4 lines filed
VIII-1f All other contributions, gifts and grants$573,568
VIII-1h Total contributions, gifts and grants$573,568
VIII-3 Investment incomeExcluded from tax $3,027$3,027
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,027$576,595
Part IX · Statement of functional expenses $198,696 across 6 lines filed
IX-11c Accounting fees$53,228
IX-16 Occupancy$77,405
IX-20 Interest$6,761
IX-22 Depreciation, depletion and amortization$34,082
IX-23 Insurance$17,315
IX-24 Other expenses (24a–d)$9,905
IX-25 Total functional expenses$198,696
Part X · Balance sheet $2,827,502 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $251,077$955,888
X-10c Land, buildings and equipment, netStart of year $1,688,526$1,861,614
X-15 Other assetsStart of year $0$10,000
X-16 Total assetsStart of year $1,939,603$2,827,502
X-26 Total liabilitiesStart of year $0$510,000
X-32 Total net assets or fund balancesStart of year $1,939,603$2,317,502
X-33 Total liabilities and net assetsStart of year $1,939,603$2,827,502
Part XI · Reconciliation of net assets $2,317,502 net assets at year end
XI-1 Total revenue$576,595
XI-2 Total expenses$198,696
XI-3 Revenue less expenses$377,899
XI-4 Net assets at start of year$1,939,603
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,317,502

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

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