Penn State Chapter FY2022 filing

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Local Chapter of a national collegiate social fraternity.

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

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FY2022 · 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 7
filings with a surplus
Average surplus $9K a year · 1% of revenue · last 7 filings
Fine: a surplus in 5 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$668K
+23% vs prior year
Spent
$676K
To programs
0%
Net assets
$21K
By yearFY2019–FY2025
Revenue
$668K
FY2022▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2019$610K
FY2020$721K
FY2021$543K
FY2022$668K
FY2023$705K
FY2024$791K
FY2025$861K
Expenses
$676K
FY2022▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2019$600K
FY2020$657K
FY2021$589K
FY2022$676K
FY2023$692K
FY2024$787K
FY2025$839K
Net assets
$21K
FY2022▼ -27%
Tap a bar for its year
Net assets by fiscal year
FY2019$11K
FY2020$75K
FY2021$29K
FY2022$21K
FY2023$34K
FY2024$39K
FY2025$61K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 0000.

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
House Manage
$0Pt VII · Sec A
Venerable De
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Financial Se
$0Pt VII · Sec A
Senior Dean
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Penn State Chapter 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

Promotes brotherhood and leadership among college men through service and social activities.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Provide meals, housing, and social programs for local chapter of national collegiate social fraternity.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$668K
Ln 12
Fees for servicesLn 2g$668K
Money outPt IX
$676K
Ln 25
Owns and owesPt X
$21K
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$21K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$668K
Total revenueLn 12$668K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Total assetsLn 16$21K
LiabilitiesLn 26$0
Net assetsLn 32$21K
OperationsPt I, VI
EmployeesI 50
VolunteersI 626
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$29K$21K
Total assetsLn 16$29K$21K
LiabilitiesLn 26$0$0
Net assetsLn 32$29K$21K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$8K
Office expensesLn 13$66K
OccupancyLn 16$311K
Other expenses (24a–d)Ln 24$290K
Total functional expensesLn 25$676K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $861K$839K$22K$61K 990 PDF
FY2024 $791K$787K$5K$39K 990 PDF
FY2023 $705K$692K$13K$34K 990 PDF
FY2022 Viewing $668K$676K−$8K$21K 990 PDF
FY2021 $543K$589K−$46K$29K 990 PDF
FY2020 $721K$657K$64K$75K 990 PDF
FY2019 $610K$600K$11K$11K 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 FY2022 990 (6 parts)
Part I · Summary $668,117 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $542,690$668,117
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $542,690$668,117
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,880$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $585,116$675,822
I-18 Total expensesPrior year $588,996$675,822
I-19 Revenue less expensesPrior year −$46,306−$7,705
Part VI · Governance 0 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $668,117 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $668,117$668,117
VIII-12 Total revenueRelated to mission $668,117$668,117
Part IX · Statement of functional expenses $675,822 across 4 lines filed
IX-11c Accounting fees$8,274
IX-13 Office expenses$66,281
IX-16 Occupancy$311,071
IX-24 Other expenses (24a–d)$290,196
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$675,822
Part X · Balance sheet $20,860 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $28,565$20,860
X-16 Total assetsStart of year $28,565$20,860
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $28,565$20,860
X-32 Total net assets or fund balancesStart of year $28,565$20,860
X-33 Total liabilities and net assetsStart of year $28,565$20,860
Part XI · Reconciliation of net assets $20,860 net assets at year end
XI-1 Total revenue$668,117
XI-2 Total expenses$675,822
XI-3 Revenue less expenses−$7,705
XI-4 Net assets at start of year$28,565
XI-10 Net assets at end of year$20,860

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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