Purdue Chapter Undergraduate FY2022 filing

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Preparing members for a future career and achieving academic success are our primary goals at Purdue triangle fraternity

Mission: Form 990 Part I, line 1

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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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $694 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$123K
803% of total assets
Concern: liabilities are 803% of assets; over 80%.
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
$290K
+27% vs prior year
Spent
$372K
Net assets
−$107K
By yearFY2020–FY2024
Revenue
$290K
FY2022▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$370K
FY2021$229K
FY2022$290K
FY2023$525K
FY2024$407K
Expenses
$372K
FY2022▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$352K
FY2021$313K
FY2022$372K
FY2023$411K
FY2024$377K
Net assets
−$107K
FY2022▼ -335%
Tap a bar for its year
Net assets by fiscal year
FY2020$41K
FY2021−$25K
FY2022−$107K
FY2023$6K
FY2024−$63K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1940.

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Internal VP
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Purdue Chapter Undergraduate 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

Helps members achieve academic success and prepare for future careers.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

The fraternity's main services include philanthropy, parties, dances and other social activities.

Pt IX · col B

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 · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$290K
Ln 12
Fees for servicesLn 2g$251K
Gifts and grantsLn 1h$39K
Other incomeLn 4–11$318
Money outPt IX
$372K
Ln 25
Owns and owesPt X
−$107K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$15K
LiabilitiesLn 26$123K
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$39K
Fees for servicesLn 2g$251K
Other incomeLn 4–11$318
Total revenueLn 12$290K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$15K
LiabilitiesLn 26$123K
Net assetsLn 32−$107K
OperationsPt I, VI
EmployeesI 50
VolunteersI 647
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 FY22End FY22
Cash and savingsLn 1–2$6K$8K
Land, buildings, equipmentLn 10c$13K$0
Total assetsLn 16$20K$15K
LiabilitiesLn 26$44K$123K
Net assetsLn 32−$25K−$107K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K
Office expensesLn 13$6K
OccupancyLn 16$159K
Payments to affiliatesLn 21$20K
Depreciation, depletion and amortizationLn 22$764
Other expenses (24a–d)Ln 24$168K
All other expensesLn 24e$17K
Total functional expensesLn 25$372K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $407K$377K$31K−$63K 990 PDF
FY2023 $525K$411K$114K$6K 990 PDF
FY2022 Viewing $290K$372K−$82K−$107K 990 PDF
FY2021 $229K$313K−$84K−$25K 990 PDF
FY2020 $370K$352K$19K$41K 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 FY2022 990 (6 parts)
Part I · Summary $289,840 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,584$38,998
I-9 Program service revenuePrior year $208,740$250,524
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $318$318
I-12 Total revenuePrior year $228,642$289,840
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 $312,638$372,195
I-18 Total expensesPrior year $312,638$372,195
I-19 Revenue less expensesPrior year −$83,996−$82,355
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $289,840 across 6 lines filed
VIII-1b Membership dues$6,600
VIII-1f All other contributions, gifts and grants$32,398
VIII-1h Total contributions, gifts and grants$38,998
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $250,524$250,524
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $318$318
VIII-12 Total revenueRelated to mission $250,842 · Unrelated business $0 · Excluded from tax $0$289,840
Part IX · Statement of functional expenses $372,195 across 7 lines filed
IX-11c Accounting fees$1,700
IX-13 Office expenses$5,682
IX-16 Occupancy$158,932
IX-21 Payments to affiliates$20,196
IX-22 Depreciation, depletion and amortization$764
IX-24 Other expenses (24a–d)$167,559
IX-24e All other expenses$17,362
IX-25 Total functional expenses$372,195
Part X · Balance sheet $15,272 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $6,367$7,957
X-4 Accounts receivable$7,315
X-10c Land, buildings and equipment, netStart of year $13,264$0
X-16 Total assetsStart of year $19,631$15,272
X-17 Accounts payable and accrued expenses$90,441
X-24 Unsecured notes and loans payableStart of year $20,834$2,176
X-25 Other liabilitiesStart of year $23,500$30,000
X-26 Total liabilitiesStart of year $44,334$122,617
X-27 Net assets without donor restrictionsStart of year −$24,703−$107,345
X-32 Total net assets or fund balancesStart of year −$24,703−$107,345
X-33 Total liabilities and net assetsStart of year $19,631$15,272
Part XI · Reconciliation of net assets −$107,345 net assets at year end
XI-1 Total revenue$289,840
XI-2 Total expenses$372,195
XI-3 Revenue less expenses−$82,355
XI-4 Net assets at start of year−$24,703
XI-8 Prior period adjustments−$287
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$107,345

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

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