Purdue Chapter Undergraduate FY2023 filing

Not tax-deductible

Plainfield, IN501(c)(7)EIN 35-0887903Revenue $525K in FY2023

On file with the IRSpurduetriangle.org120 S Center St, 46168-1214 · Plainfield, INTax-exempt since Oct 1940

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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

Before you give

FY2023 · 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
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
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
$70K
92% of total assets
Concern: liabilities are 92% 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
$525K
+81% vs prior year
Spent
$411K
Net assets
$6K
By yearFY2020–FY2024
Revenue
$525K
FY2023▲ +81%
Tap a bar for its year
Revenue by fiscal year
FY2020$370K
FY2021$229K
FY2022$290K
FY2023$525K
FY2024$407K
Expenses
$411K
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$352K
FY2021$313K
FY2022$372K
FY2023$411K
FY2024$377K
Net assets
$6K
FY2023▲ +106%
Tap a bar for its year
Net assets by fiscal year
FY2020$41K
FY2021−$25K
FY2022−$107K
FY2023$6K
FY2024−$63K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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 (FY2022); the FY2023 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.

Questions for Purdue Chapter Undergraduate

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Provided by the organization

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1 program · in their own filed words · FY2022
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$525K
Ln 12
Fees for servicesLn 2g$327K
Other incomeLn 4–11$168K
Gifts and grantsLn 1h$30K
Money outPt IX
$411K
Ln 25
Owns and owesPt X
$6K
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$76K
LiabilitiesLn 26$70K
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$30K
Fees for servicesLn 2g$327K
Other incomeLn 4–11$168K
Total revenueLn 12$525K
Assets in detailPt X, end of year
CashLn 1$59K
Cash and savings togetherLn 1–2$59K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$4K
Total assetsLn 16$76K
LiabilitiesLn 26$70K
Net assetsLn 32$6K
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 FY23End FY23
Cash and savingsLn 1–2$8K$59K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$15K$76K
LiabilitiesLn 26$123K$70K
Net assetsLn 32−$107K$6K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K
Office expensesLn 13$22K
OccupancyLn 16$144K
Payments to affiliatesLn 21$20K
Other expenses (24a–d)Ln 24$198K
All other expensesLn 24e$24K
Total functional expensesLn 25$411K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $407K$377K$31K−$63K 990 PDF
FY2023 Viewing $525K$411K$114K$6K 990 PDF
FY2022 $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $525,009 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $38,998$29,624
I-9 Program service revenuePrior year $250,524$327,356
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $318$168,029
I-12 Total revenuePrior year $289,840$525,009
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 $372,195$411,367
I-18 Total expensesPrior year $372,195$411,367
I-19 Revenue less expensesPrior year −$82,355$113,642
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 $525,009 across 5 lines filed
VIII-1f All other contributions, gifts and grants$29,624
VIII-1h Total contributions, gifts and grants$29,624
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $327,356$327,356
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $168,029$168,029
VIII-12 Total revenueRelated to mission $495,385 · Unrelated business $0 · Excluded from tax $0$525,009
Part IX · Statement of functional expenses $411,367 across 6 lines filed
IX-11c Accounting fees$2,925
IX-13 Office expenses$22,290
IX-16 Occupancy$143,879
IX-21 Payments to affiliates$19,797
IX-24 Other expenses (24a–d)$198,464
IX-24e All other expenses$24,012
IX-25 Total functional expenses$411,367
Part X · Balance sheet $76,151 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $7,957$58,759
X-4 Accounts receivableStart of year $7,315$13,212
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$4,180
X-16 Total assetsStart of year $15,272$76,151
X-17 Accounts payable and accrued expensesStart of year $90,441$42,254
X-24 Unsecured notes and loans payableStart of year $2,176$0
X-25 Other liabilitiesStart of year $30,000$27,600
X-26 Total liabilitiesStart of year $122,617$69,854
X-27 Net assets without donor restrictionsStart of year −$107,345$6,297
X-32 Total net assets or fund balancesStart of year −$107,345$6,297
X-33 Total liabilities and net assetsStart of year $15,272$76,151
Part XI · Reconciliation of net assets $6,297 net assets at year end
XI-1 Total revenue$525,009
XI-2 Total expenses$411,367
XI-3 Revenue less expenses$113,642
XI-4 Net assets at start of year−$107,345
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,297

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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