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175 Gamma Tetarton Alumni Psk

Not tax-deductible

Troy, NY501(c)(7)Since 1954Mutual / membership EIN 30-0290695Revenue $122K in FY2025

On file with the IRSphisigmakappa.orgPo Box 1379, 12181-1379 · Troy, NYTax-exempt since Dec 1940

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To promote and further the general welfare of the Alumni and members of the Gamma Tetarton chapter of phi sigma kappa fraternity; to purchase, lease, maintain, and hold real property and to erect, construct, or repair buildings hereon for the benefit and use of this corporation and the chapter; to promote the friendship of its members, and to inculcate in them a high sense of loyalty to each other, and to stimulate their intellectual advancement.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
98¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · 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
1 of 6
filings with a surplus
Average deficit $25K a year · 25% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $637K in investments, Pt X · Ln 11–13
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$122K
+24% vs prior year
Spent
$147K
To programs
98%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$122K
FY2025▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$86K
FY2021$81K
FY2022$111K
FY2023$100K
FY2024$98K
FY2025$122K
Expenses
$147K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$135K
FY2021$109K
FY2022$109K
FY2023$115K
FY2024$135K
FY2025$147K
Net assets
$1.1M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.0M
FY2023$1.0M
FY2024$1.0M
FY2025$1.1M

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

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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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $144K Management & general 2% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Ira Whitman
Member at Large
$0Pt VII · Sec A
Chris Dower
Member at Large
$0Pt VII · Sec A
Paul Marano
President
$0Pt VII · Sec A
Joe Defrancisci
Vice President
$0Pt VII · Sec A
Doug Robinson
Member at Large
$0Pt VII · Sec A
See 175 Gamma Tetarton Alumni Psk 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

Maintains a fraternity house, supports the chapter, and fosters alumni connections.

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Provided by the organization

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3 programs · $144K · in their own filed words · FY2024
01

The principal program service is maintenance of a fraternity house for use by the chapter, the colony of phi sigma kappa at rpi, ein 14-6030163. Expenses include depreciation on the buildings, fixtures, and equipment; property taxes, utilities, property insurance, building maintenance, alarm monitoring, and inspections.

$132Kprogram expense
02

The alumni association's annual meeting held in the fall serves both as a business meeting, for election of officers, and our principal social event each year. There is also an annual camping TRIP/RETREAT held each summer with alumni and the active members of the fraternity.

$7Kprogram expense
03

The organization operates a 'microgrant program' in cooperation with a local not-for-profit. The program provides funds to support renovations and building improvements in the fraternity's immediate neighborhood.

$4Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $10K · 2019–2023
Unitemized GrantFY2023$500
Colony of Phi Sigma Kappa at RPINY · FY2019$9,325

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$122K
Ln 12
Investment incomeLn 3$68K
Fees for servicesLn 2g$54K
Money outPt IX
$147K
Ln 25
Programscol B$144K
Managementcol C$3K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$1.1M
LiabilitiesLn 26$3K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$54K
Investment incomeLn 3$68K
Total revenueLn 12$122K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$393
Cash and savings togetherLn 1–2$21K
InvestmentsLn 11–13$637K
Land, buildings, equipmentLn 10c$431K
Total assetsLn 16$1.1M
LiabilitiesLn 26$3K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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$11K$21K
InvestmentsLn 11–13$582K$637K
Land, buildings, equipmentLn 10c$461K$431K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$10K$3K
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Office expensesLn 13$2K$2K
OccupancyLn 16$50K$50K
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$888$888
Depreciation, depletion and amortizationLn 22$31K$31K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$30K$30K
Total functional expensesLn 25$147K$144K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $122K$147K−$25K$1.1M 990 PDF
FY2024 $98K$135K−$37K$1.0M 990 PDF
FY2023 $100K$115K−$15K$1.0M 990 PDF
FY2022 $111K$109K$2K$1.0M 990 PDF
FY2021 $81K$109K−$28K$1.3M 990 PDF
FY2020 $86K$135K−$49K$1.2M 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 $122,304 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $50,506$54,250
I-10 Investment incomePrior year $47,799$68,054
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $98,305$122,304
I-13 Grants and similar amounts paidPrior year $9,738$4,186
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 $125,648$143,067
I-18 Total expensesPrior year $135,386$147,253
I-19 Revenue less expensesPrior year −$37,081−$24,949
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $122,304 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,250$54,250
VIII-3 Investment incomeUnrelated business $68,054$68,054
VIII-12 Total revenueRelated to mission $54,250 · Unrelated business $68,054 · Excluded from tax $0$122,304
Part IX · Statement of functional expenses $147,253 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $4,186$4,186
IX-13 Office expensesManagement $2,378$2,378
IX-16 OccupancyPrograms $50,127$50,127
IX-19 Conferences, conventions and meetingsPrograms $7,470$7,470
IX-20 InterestManagement $888$888
IX-22 Depreciation, depletion and amortizationPrograms $30,540$30,540
IX-23 InsurancePrograms $21,358$21,358
IX-24 Other expenses (24a–d)Programs $30,306$30,306
IX-25 Total functional expensesPrograms $143,987 · Management $3,266 · Fundraising $0$147,253
Part X · Balance sheet $1,088,116 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $11,251$20,371
X-2 Savings and temporary cash investmentsStart of year $5$393
X-9 Prepaid expenses and deferred chargesStart of year $3,697$0
X-10c Land, buildings and equipment, netStart of year $461,340$430,800
X-11 Publicly traded securitiesStart of year $582,094$502,339
X-12 Other securitiesStart of year $0$134,213
X-16 Total assetsStart of year $1,058,387$1,088,116
X-26 Total liabilitiesStart of year $9,758$2,644
X-32 Total net assets or fund balancesStart of year $1,048,629$1,085,472
X-33 Total liabilities and net assetsStart of year $1,058,387$1,088,116
Part XI · Reconciliation of net assets $1,085,472 net assets at year end
XI-1 Total revenue$122,304
XI-2 Total expenses$147,253
XI-3 Revenue less expenses−$24,949
XI-4 Net assets at start of year$1,048,629
XI-5 Net unrealized gains (losses) on investments$61,792
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,085,472

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

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