The Acacians FY2022 filing

Not tax-deductible

Urbandale, IA501(c)(7)Community DevelopmentEIN 32-0575143Revenue $395K in FY2022

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.

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

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
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
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
Fine: 1.9 months of spending in cash; 1 to 3.
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
$3.1M
58% of total assets
Fine: liabilities are 58% 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
$395K
-45% vs prior year
Spent
$529K
To programs
98%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$395K
FY2022▼ -45%
Tap a bar for its year
Revenue by fiscal year
FY2020$521K
FY2021$714K
FY2022$395K
FY2024$139K
FY2025−$1.3M
Expenses
$529K
FY2022▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$100K
FY2021$630K
FY2022$529K
FY2024$306K
FY2025$619K
Net assets
$2.2M
FY2022▼ -6%
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 FY2022 Form 990 (year ending July 2022) · see the original

990 PDF Claim
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 Nov 2019.

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% · $520K Management & general 2% · $10K

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 (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Alumni Director
$0Pt VII · Sec A
Alumni Director
$0Pt VII · Sec A
Alumni Director
$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 · $520K · in their own filed words · FY2021
01

The Acacians provide an educational environment and housing for the members of Acacia Fraternity at Iowa State University.

$520Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$395K
Ln 12
Gifts and grantsLn 1h$268K
Fees for servicesLn 2g$107K
Other incomeLn 4–11$20K
Money outPt IX
$529K
Ln 25
Programscol B$520K
Managementcol C$10K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$5.3M
LiabilitiesLn 26$3.1M
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$268K
Fees for servicesLn 2g$107K
Investment incomeLn 3$195
Other incomeLn 4–11$20K
Total revenueLn 12$395K
Assets in detailPt X, end of year
SavingsLn 2$83K
Cash and savings togetherLn 1–2$83K
Land, buildings, equipmentLn 10c$5.2M
Total assetsLn 16$5.3M
LiabilitiesLn 26$3.1M
Net assetsLn 32$2.2M
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 FY22End FY22
Cash and savingsLn 1–2$127K$83K
Land, buildings, equipmentLn 10c$5.3M$5.2M
Total assetsLn 16$5.5M$5.3M
LiabilitiesLn 26$3.1M$3.1M
Net assetsLn 32$2.4M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$914$914
OccupancyLn 16$35K$35K
InterestLn 20$174K$174K
Depreciation, depletion and amortizationLn 22$131K$131K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$150K$150K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$529K$520K$10K$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 Viewing $395K$529K−$134K$2.2M 990 PDF
FY2021 $714K$630K$84K$2.4M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $394,995 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $587,838$268,167
I-9 Program service revenuePrior year $147,627$106,850
I-10 Investment incomePrior year −$22,336$195
I-11 Other revenuePrior year $963$19,783
I-12 Total revenuePrior year $714,092$394,995
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $630,400$529,337
I-18 Total expensesPrior year $630,400$529,337
I-19 Revenue less expensesPrior year $83,692−$134,342
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 $394,995 across 7 lines filed
VIII-1f All other contributions, gifts and grants$268,167
VIII-1h Total contributions, gifts and grants$268,167
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $106,850$106,850
VIII-3 Investment incomeExcluded from tax $195$195
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,783$19,783
VIII-12 Total revenueRelated to mission $126,633 · Excluded from tax $195$394,995
Part IX · Statement of functional expenses $529,337 across 9 lines filed
IX-11c Accounting feesManagement $9,633$9,633
IX-12 Advertising and promotionPrograms $1,245$1,245
IX-13 Office expensesPrograms $914$914
IX-16 OccupancyPrograms $35,478$35,478
IX-20 InterestPrograms $173,532$173,532
IX-22 Depreciation, depletion and amortizationPrograms $131,015$131,015
IX-23 InsurancePrograms $24,207$24,207
IX-24 Other expenses (24a–d)Programs $150,065$150,065
IX-24e All other expensesPrograms $3,248$3,248
IX-25 Total functional expensesPrograms $519,704 · Management $9,633 · Fundraising $0$529,337
Part X · Balance sheet $5,288,018 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $127,159$83,040
X-10c Land, buildings and equipment, netStart of year $5,335,993$5,204,978
X-16 Total assetsStart of year $5,463,152$5,288,018
X-24 Unsecured notes and loans payableStart of year $810,000$810,000
X-26 Total liabilitiesStart of year $3,106,066$3,065,274
X-27 Net assets without donor restrictionsStart of year $2,357,086$2,222,744
X-32 Total net assets or fund balancesStart of year $2,357,086$2,222,744
X-33 Total liabilities and net assetsStart of year $5,463,152$5,288,018
Part XI · Reconciliation of net assets $2,222,744 net assets at year end
XI-1 Total revenue$394,995
XI-2 Total expenses$529,337
XI-3 Revenue less expenses−$134,342
XI-4 Net assets at start of year$2,357,086
XI-10 Net assets at end of year$2,222,744

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

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