166 Sigma Triton Chapter FY2021 filing

Not tax-deductible

Bloomington, IN501(c)(7)Since 1940EIN 35-1818614

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Provide leadership , brotherhood and Room and Board to active chapter members while attending Indiana University

Mission: Form 990 Part I, line 1

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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
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
2 of 4
filings with a surplus
Average deficit $18K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$83K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$700K
Spent
$784K
Net assets
$443K
By yearFY2021–FY2024
Revenue
$700K
FY2021
Revenue by fiscal year
FY2021$700K
FY2022$942K
FY2023$1.0M
FY2024$1.1M
Expenses
$784K
FY2021
Expenses by fiscal year
FY2021$784K
FY2022$890K
FY2023$1.0M
FY2024$1.1M
Net assets
$443K
FY2021
Net assets by fiscal year
FY2021$443K
FY2022$495K
FY2023$506K
FY2024$470K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Dec 1940.

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

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See 166 Sigma Triton Chapter 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

Offers leadership, brotherhood, and housing for active student members at Indiana University.

Provided by the organization

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1 program · in their own filed words · FY2020
01

Provide room and board for active chapter members

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$700K
Ln 12
Fees for servicesLn 2g$700K
Investment incomeLn 3$27
Money outPt IX
$784K
Ln 25
Owns and owesPt X
$443K
net assets · Ln 32
Cash and savingsLn 1–2$91K
Total assetsLn 16$526K
LiabilitiesLn 26$83K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$700K
Investment incomeLn 3$27
Total revenueLn 12$700K
Assets in detailPt X, end of year
CashLn 1$21K
SavingsLn 2$70K
Cash and savings togetherLn 1–2$91K
Land, buildings, equipmentLn 10c$75K
Total assetsLn 16$526K
LiabilitiesLn 26$83K
Net assetsLn 32$443K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$166K$91K
Land, buildings, equipmentLn 10c$67K$75K
Total assetsLn 16$593K$526K
LiabilitiesLn 26$65K$83K
Net assetsLn 32$527K$443K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$120K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$12K
Management feesLn 11a$0
Legal feesLn 11b$15K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$1K
Information technologyLn 14$7K
RoyaltiesLn 15$0
OccupancyLn 16$525K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$38K
Other expenses (24a–d)Ln 24$67K
All other expensesLn 24e$0
Total functional expensesLn 25$784K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$1.1M−$51K$470K 990 PDF
FY2023 $1.0M$1.0M$11K$506K 990 PDF
FY2022 $942K$890K$52K$495K 990 PDF
FY2021 Viewing $700K$784K−$84K$443K 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 $700,256 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$700,229
VIII-3 Investment income$27
VIII-12 Total revenue$700,256
Part IX · Statement of functional expenses $784,279 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$120,215
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$12,017
IX-11a Management fees$0
IX-11b Legal fees$15,000
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$1,060
IX-14 Information technology$6,772
IX-15 Royalties$0
IX-16 Occupancy$525,061
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$37,536
IX-24 Other expenses (24a–d)$66,618
IX-24e All other expenses$0
IX-25 Total functional expenses$784,279
Part X · Balance sheet $525,701 assets, 11 lines filed
Asset lines not itemized here account for $359,685; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $76,207$21,010
X-2 Savings and temporary cash investmentsStart of year $90,078$70,087
X-10c Land, buildings and equipment, netStart of year $66,619$74,919
X-16 Total assetsStart of year $592,589$525,701
X-17 Accounts payable and accrued expensesStart of year $21,595$6,364
X-19 Deferred revenue$22,652
X-25 Other liabilitiesStart of year $43,838$53,552
X-26 Total liabilitiesStart of year $65,433$82,568
X-27 Net assets without donor restrictionsStart of year $527,156$443,133
X-32 Total net assets or fund balancesStart of year $527,156$443,133
X-33 Total liabilities and net assetsStart of year $592,589$525,701
Part XI · Reconciliation of net assets $443,133 net assets at year end
XI-1 Total revenue$700,256
XI-2 Total expenses$784,279
XI-3 Revenue less expenses−$84,023
XI-4 Net assets at start of year$527,156
XI-10 Net assets at end of year$443,133

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

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