The Acacians FY2020 filing

Not tax-deductible

Urbandale, IA501(c)(7)Community DevelopmentEIN 32-0575143Revenue $521K in FY2020

On file with the IRSPo Box 42362, 50323-0986 · Urbandale, IATax-exempt since Nov 2019

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The Acacians provide an educational environment and housing for active members of the Acacians fraternity at iowa state university.

92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
2 of 5
filings with a surplus
Average deficit $348K a year · 392% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
40 mo
of spending, in cash
Looks good: 39.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.5M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
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
$521K
Spent
$100K
To programs
92%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$521K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$521K
FY2021$714K
FY2022$395K
FY2024$139K
FY2025−$1.3M
Expenses
$100K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$100K
FY2021$630K
FY2022$529K
FY2024$306K
FY2025$619K
Net assets
$2.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.4M
FY2022$2.2M
FY2024$1.9M
FY2025−$919

From the FY2020 Form 990 (year ending July 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Nov 2019.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $92K Management & general 8% · $8K

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 (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Alumni Director
$0Pt VII · Sec A
Alumni Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Acacians 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 15aYes

Programs and updates

Offers housing and educational support for fraternity members at Iowa State University.

Questions for The Acacians

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Provided by the organization

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1 program · $92K · in their own filed words · FY2019
01

The acacians provide an educational environment and housing for the acacian fraternity members at iowa state university.

$92Kprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$521K
Ln 12
Gifts and grantsLn 1h$511K
Investment incomeLn 3$10K
Money outPt IX
$100K
Ln 25
Programscol B$92K
Managementcol C$8K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$328K
Total assetsLn 16$5.7M
LiabilitiesLn 26$3.5M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$511K
Investment incomeLn 3$10K
Total revenueLn 12$521K
Assets in detailPt X, end of year
CashLn 1−$1
SavingsLn 2$328K
Cash and savings togetherLn 1–2$328K
InvestmentsLn 11–13$205K
Land, buildings, equipmentLn 10c$5.2M
Total assetsLn 16$5.7M
LiabilitiesLn 26$3.5M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$1.5M$328K
InvestmentsLn 11–13$273K$205K
Land, buildings, equipmentLn 10c$541K$5.2M
Total assetsLn 16$2.3M$5.7M
LiabilitiesLn 26$430K$3.5M
Net assetsLn 32$1.9M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$8K$8K
Office expensesLn 13$3K$3K
OccupancyLn 16$21K$21K
InterestLn 20$32K$32K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$100K$92K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest −$1.3M$619K−$1.9M−$919 990 PDF
FY2024 $139K$306K−$166K$1.9M 990 PDF
FY2023 Not on file
FY2022 $395K$529K−$134K$2.2M 990 PDF
FY2021 $714K$630K$84K$2.4M 990 PDF
FY2020 Viewing $521K$100K$421K$2.3M 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 FY2020 990 (6 parts)
Part I · Summary $520,715 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,404,899$510,771
I-9 Program service revenuePrior year $67,450$0
I-10 Investment incomePrior year −$466,120$9,944
I-11 Other revenuePrior year $1,002$0
I-12 Total revenuePrior year $1,007,231$520,715
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 $137,102$99,617
I-18 Total expensesPrior year $137,102$99,617
I-19 Revenue less expensesPrior year $870,129$421,098
Part VI · Governance 7 of 7 board members independent, 3 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-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $520,715 across 4 lines filed
VIII-1f All other contributions, gifts and grants$510,771
VIII-1h Total contributions, gifts and grants$510,771
VIII-3 Investment incomeExcluded from tax $9,944$9,944
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $9,944$520,715
Part IX · Statement of functional expenses $99,617 across 7 lines filed
IX-11c Accounting feesManagement $7,665$7,665
IX-13 Office expensesPrograms $2,718$2,718
IX-16 OccupancyPrograms $21,196$21,196
IX-20 InterestPrograms $31,658$31,658
IX-22 Depreciation, depletion and amortizationPrograms $1,550$1,550
IX-23 InsurancePrograms $3,805$3,805
IX-24 Other expenses (24a–d)Programs $31,025$31,025
IX-25 Total functional expensesPrograms $91,952 · Management $7,665 · Fundraising $0$99,617
Part X · Balance sheet $5,735,516 assets, 11 lines filed
X-1 Cash, non-interest-bearing−$1
X-2 Savings and temporary cash investmentsStart of year $1,495,158$327,742
X-10c Land, buildings and equipment, netStart of year $541,062$5,203,171
X-11 Publicly traded securitiesStart of year $273,498$204,604
X-16 Total assetsStart of year $2,309,718$5,735,516
X-24 Unsecured notes and loans payableStart of year $430,000$800,000
X-26 Total liabilitiesStart of year $430,000$3,462,122
X-27 Net assets without donor restrictionsStart of year $647,520$2,273,394
X-28 Net assets with donor restrictionsStart of year $1,232,198$0
X-32 Total net assets or fund balancesStart of year $1,879,718$2,273,394
X-33 Total liabilities and net assetsStart of year $2,309,718$5,735,516
Part XI · Reconciliation of net assets $2,273,394 net assets at year end
XI-1 Total revenue$520,715
XI-2 Total expenses$99,617
XI-3 Revenue less expenses$421,098
XI-4 Net assets at start of year$1,879,718
XI-5 Net unrealized gains (losses) on investments−$27,422
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,273,394

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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