Indiana Alpha Chapter Spealumni

Not tax-deductible

Lafayette, IN501(c)(7)EducationEIN 35-0657360

College fraternity & leadership development

5¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $213K a year · 62% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
5%
of spending
Concern: 5% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
134 mo
of spending, in cash
Looks good: 133.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$544K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$394K
+32% vs prior year
Spent
$88K
To programs
5%
Net assets
$1.1M
By yearFY2020–FY2021
Revenue
$394K
FY2021▲ +32%
Revenue by fiscal year
FY2020$297K
FY2021$394K
Expenses
$88K
FY2021▼ -50%
Expenses by fiscal year
FY2020$177K
FY2021$88K
Net assets
$1.1M
FY2021▲ +41%
Net assets by fiscal year
FY2020$751K
FY2021$1.1M

From the FY2021 Form 990 (year ending June 2021) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021. IRS ruling in Jul 2024.

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

Where the money goes

5 cents of each dollar spent went to programs.

Program services 5% · $5K Management & general 69% · $60K Fundraising 26% · $23K

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Volunteer Ad
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Indiana Alpha Chapter Spealumni 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

Develops college students into leaders through fraternity programs.

Provided by the organization

This section is blank until Indiana Alpha Chapter Spealumni claims this page.

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1 program service account for $5K of program spending, described in the organization's own filed words · FY2020.
01

Provide fraternal living experience to purdue university student members encouraging growth in leadership, education, athletic, and social lives.

$5Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$394K
Ln 12
Other incomeLn 4–11$230K
Gifts and grantsLn 1h$161K
Investment incomeLn 3$3K
Money outPt IX
$88K
Ln 25
Programscol B$5K
Managementcol C$60K
Fundraisingcol D$23K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$982K
Total assetsLn 16$1.6M
LiabilitiesLn 26$544K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$161K
Investment incomeLn 3$3K
Other incomeLn 4–11$230K
Total revenueLn 12$394K
Assets in detailPt X, end of year
CashLn 1$746K
SavingsLn 2$236K
Cash and savings togetherLn 1–2$982K
Land, buildings, equipmentLn 10c$572K
Other assetsLn 15$43K
Total assetsLn 16$1.6M
LiabilitiesLn 26$544K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
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 FY21End FY21
Cash and savingsLn 1–2$638K$982K
Land, buildings, equipmentLn 10c$601K$572K
Total assetsLn 16$1.3M$1.6M
LiabilitiesLn 26$558K$544K
Net assetsLn 32$751K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Professional fundraising feesLn 11e$23K$23K
OccupancyLn 16$2K$2K
InsuranceLn 23$500$500
Other expenses (24a–d)Ln 24$59K$3K$56K
All other expensesLn 24e$250$250
Total functional expensesLn 25$88K$5K$60K$23K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $394K$88K$306K$1.1M 990 PDF
FY2020 $297K$177K$120K$751K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $393,884 across 5 lines filed
VIII-1f All other contributions, gifts and grants$160,512
VIII-1h Total contributions, gifts and grants$160,512
VIII-3 Investment incomeUnrelated business $3,188$3,188
VIII-6 Net rental income or lossUnrelated business $230,184$230,184
VIII-12 Total revenueUnrelated business $233,372$393,884
Part IX · Statement of functional expenses $87,978 across 6 lines filed
IX-11c Accounting feesManagement $3,409$3,409
IX-11e Professional fundraising feesFundraising $22,946$22,946
IX-16 OccupancyPrograms $1,883$1,883
IX-23 InsuranceManagement $500$500
IX-24 Other expenses (24a–d)Programs $2,736 · Management $56,254$58,990
IX-24e All other expensesManagement $250$250
IX-25 Total functional expensesPrograms $4,619 · Management $60,413 · Fundraising $22,946$87,978
Part X · Balance sheet $1,601,049 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $126,742$745,821
X-2 Savings and temporary cash investmentsStart of year $510,801$235,927
X-9 Prepaid expenses and deferred chargesStart of year $4,225$4,391
X-10c Land, buildings and equipment, netStart of year $601,350$572,364
X-15 Other assetsStart of year $37,655$42,546
X-16 Total assetsStart of year $1,309,063$1,601,049
X-17 Accounts payable and accrued expensesStart of year $315$2,714
X-25 Other liabilitiesStart of year $36,850$42,728
X-26 Total liabilitiesStart of year $558,374$544,454
X-27 Net assets without donor restrictionsStart of year $685,513$830,907
X-28 Net assets with donor restrictionsStart of year $65,176$225,688
X-32 Total net assets or fund balancesStart of year $750,689$1,056,595
X-33 Total liabilities and net assetsStart of year $1,309,063$1,601,049
Part XI · Reconciliation of net assets $1,056,595 net assets at year end
XI-1 Total revenue$393,884
XI-2 Total expenses$87,978
XI-3 Revenue less expenses$305,906
XI-4 Net assets at start of year$750,689
XI-10 Net assets at end of year$1,056,595

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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