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Fraternity Executives Association INC

Not tax-deductible

Indianapolis, IN501(c)(6)Since 1985EIN 31-1140222Revenue $770K in FY2025

On file with the IRSfea-inc.org3201 E 56th St, 46220-5423 · Indianapolis, INTax-exempt since Sep 1985

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To promote, support, and encourage free discussion and exchange of ideas relating to college fraternal organizations.

81¢ of each $1 spent went to programs.
Run by 50 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · 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)(6)
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
3 of 6
filings with a surplus
Average deficit $22K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$135K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$770K
+37% vs prior year
Spent
$673K
To programs
81%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$770K
FY2025▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$67K
FY2021$397K
FY2022$390K
FY2023$474K
FY2024$564K
FY2025$770K
Expenses
$673K
FY2025▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$226K
FY2021$221K
FY2022$563K
FY2023$608K
FY2024$503K
FY2025$673K
Net assets
$1.4M
FY2025▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.1M
FY2023$1.0M
FY2024$1.2M
FY2025$1.4M

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1985.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $543K Management & general 19% · $131K

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; $135K paid to officers and key staff.

Part VII, Section A · reportable compensation
Nicole W Meneley
Chief Executive Officer
$134,948Pt VII · Sec A
Mike Church
President Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeff Rundle
Director
$0Pt VII · Sec A
Katie Gaffin
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Nicole W Meneley$134,948$131,426$132,354$124,607——
Nicki Meneley————$121,465$123,821

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Supports the fraternal movement through education and other resources.

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Provided by the organization

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3 programs · $543K · in their own filed words · FY2025
01

Annual Meeting

Executives and other fraternal staff members attend to learn and discuss different factors in the fraternal movement such as risk management, recruitment, expansion, and staff management.

$292Kprogram expense
02

Educational Programs Include

Interfraternity institute program which is a professional development institute focused on college student professionals who have been in the field 1-5 years. Members attended to learn about standards implementation, hazing, community change, and risk management.

$237Kprogram expense
03

Grants

Interfraternity institute scholarships, risk management, and educational grants for individuals.

$13Kprogram 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 · $19K · 2021–2022
Unitemized GrantFY2022$11,700
Unitemized GrantFY2021$7,475

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$770K
Ln 12
Fees for servicesLn 2g$571K
Gifts and grantsLn 1h$126K
Investment incomeLn 3$71K
Money outPt IX
$673K
Ln 25
Programscol B$543K
Managementcol C$131K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$1.4M
LiabilitiesLn 26$7K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$126K
Fees for servicesLn 2g$571K
Investment incomeLn 3$71K
Other incomeLn 4–11$2K
Gains on assetsLn 7$41K
Total revenueLn 12$770K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.4M
LiabilitiesLn 26$7K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 51
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$45K$68K
InvestmentsLn 11–13$1.1M$1.3M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.2M$1.4M
LiabilitiesLn 26$27K$7K
Net assetsLn 32$1.2M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$135K$101K$34K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$9K$7K$2K
Legal feesLn 11b$6K$6K
Investment management feesLn 11f$11K$11K
Other fees for servicesLn 11g$15K$15K
Office expensesLn 13$2K$2K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$22K$22K
InterestLn 20$273$273
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$363K$319K$44K
All other expensesLn 24e$93K$91K$2K
Total functional expensesLn 25$673K$543K$131K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $770K$673K$97K$1.4M 990 PDF
FY2024 $564K$503K$61K$1.2M 990 PDF
FY2023 $474K$608K−$134K$1.0M 990 PDF
FY2022 $390K$563K−$172K$1.1M 990 PDF
FY2021 $397K$221K$177K$1.4M 990 PDF
FY2020 $67K$226K−$159K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $769,915 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $81,085$125,795
I-9 Program service revenuePrior year $420,309$570,703
I-10 Investment incomePrior year $58,221$71,354
I-11 Other revenuePrior year $4,200$2,063
I-12 Total revenuePrior year $563,815$769,915
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 $144,054$147,713
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $358,756$525,417
I-18 Total expensesPrior year $502,810$673,130
I-19 Revenue less expensesPrior year $61,005$96,785
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $769,915 across 7 lines filed
VIII-1b Membership dues$125,795
VIII-1h Total contributions, gifts and grants$125,795
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $570,703$570,703
VIII-3 Investment incomeExcluded from tax $30,687$30,687
VIII-7 Net gain or loss on sales of assetsExcluded from tax $40,667$40,667
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,063$2,063
VIII-12 Total revenueRelated to mission $572,766 · Unrelated business $0 · Excluded from tax $71,354$769,915
Part IX · Statement of functional expenses $673,130 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $101,211 · Management $33,737$134,948
IX-9 Other employee benefitsManagement $4,048$4,048
IX-10 Payroll taxesPrograms $6,538 · Management $2,179$8,717
IX-11b Legal feesManagement $5,636$5,636
IX-11f Investment management feesManagement $10,838$10,838
IX-11g Other fees for servicesManagement $15,110$15,110
IX-13 Office expensesPrograms $2,296$2,296
IX-17 TravelManagement $5,543$5,543
IX-19 Conferences, conventions and meetingsPrograms $22,004$22,004
IX-20 InterestManagement $273$273
IX-23 InsuranceManagement $7,517$7,517
IX-24 Other expenses (24a–d)Programs $319,162 · Management $44,124$363,286
IX-24e All other expensesPrograms $91,407 · Management $1,507$92,914
IX-25 Total functional expensesPrograms $542,618 · Management $130,512 · Fundraising $0$673,130
Part X · Balance sheet $1,375,557 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $45,279$68,047
X-4 Accounts receivableStart of year $5,000$105
X-8 Inventories for sale or useStart of year $3,114$3,711
X-9 Prepaid expenses and deferred chargesStart of year $17,480$21,441
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,115,211$1,282,253
X-16 Total assetsStart of year $1,186,084$1,375,557
X-17 Accounts payable and accrued expensesStart of year $6,947$5,303
X-19 Deferred revenue$1,242
X-26 Total liabilitiesStart of year $26,997$6,545
X-27 Net assets without donor restrictionsStart of year $1,068,027$1,290,194
X-28 Net assets with donor restrictionsStart of year $91,060$78,818
X-32 Total net assets or fund balancesStart of year $1,159,087$1,369,012
X-33 Total liabilities and net assetsStart of year $1,186,084$1,375,557
Part XI · Reconciliation of net assets $1,369,012 net assets at year end
XI-1 Total revenue$769,915
XI-2 Total expenses$673,130
XI-3 Revenue less expenses$96,785
XI-4 Net assets at start of year$1,159,087
XI-5 Net unrealized gains (losses) on investments$113,140
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,369,012

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

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