166 Sigma Triton Chapter FY2023 filing

Not tax-deductible

Bloomington, IN501(c)(7)Since 1940EIN 35-1818614Revenue $1.0M in FY2023

On file with the IRS608 N College Ave, 47404-3833 · Bloomington, INTax-exempt since Dec 1940

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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

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
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 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
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$66K
11% of total assets
Looks good: liabilities are 11% 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
$1.0M
+8% vs prior year
Spent
$1.0M
Net assets
$506K
By yearFY2021–FY2025
Revenue
$1.0M
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2021$700K
FY2022$942K
FY2023$1.0M
FY2025$1.1M
Expenses
$1.0M
FY2023▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$784K
FY2022$890K
FY2023$1.0M
FY2025$1.1M
Net assets
$506K
FY2023▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$443K
FY2022$495K
FY2023$506K
FY2025$470K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 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 (FY2022); the FY2023 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.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Provide room and board for active chapter members

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$36
Money outPt IX
$1.0M
Ln 25
Owns and owesPt X
$506K
net assets · Ln 32
Cash and savingsLn 1–2$137K
Total assetsLn 16$571K
LiabilitiesLn 26$66K
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$1.0M
Investment incomeLn 3$36
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$67K
SavingsLn 2$70K
Cash and savings togetherLn 1–2$137K
Land, buildings, equipmentLn 10c$75K
Total assetsLn 16$571K
LiabilitiesLn 26$66K
Net assetsLn 32$506K
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 FY23End FY23
Cash and savingsLn 1–2$129K$137K
Land, buildings, equipmentLn 10c$75K$75K
Total assetsLn 16$563K$571K
LiabilitiesLn 26$68K$66K
Net assetsLn 32$495K$506K
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$149K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$6K
Payroll taxesLn 10$11K
Management feesLn 11a$17K
Legal feesLn 11b$0
Accounting feesLn 11c$28K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$683
Information technologyLn 14$5K
RoyaltiesLn 15$0
OccupancyLn 16$663K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$3K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$65K
Other expenses (24a–d)Ln 24$62K
All other expensesLn 24e$0
Total functional expensesLn 25$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.1M−$51K$470K 990 PDF
FY2024 Not on file
FY2023 Viewing $1.0M$1.0M$11K$506K 990 PDF
FY2022 $942K$890K$52K$495K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $1,019,641 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $941,690$1,019,605
I-10 Investment incomePrior year $36$36
I-11 Other revenue$0
I-12 Total revenuePrior year $941,726$1,019,641
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $148,110$165,641
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $741,636$843,313
I-18 Total expensesPrior year $889,746$1,008,954
I-19 Revenue less expensesPrior year $51,980$10,687
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,019,641 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$1,019,605
VIII-3 Investment income$36
VIII-12 Total revenue$1,019,641
Part IX · Statement of functional expenses $1,008,954 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$148,906
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$5,591
IX-10 Payroll taxes$11,144
IX-11a Management fees$16,761
IX-11b Legal fees$0
IX-11c Accounting fees$28,500
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$683
IX-14 Information technology$4,578
IX-15 Royalties$0
IX-16 Occupancy$663,382
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$3,012
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$64,832
IX-24 Other expenses (24a–d)$61,565
IX-24e All other expenses$0
IX-25 Total functional expenses$1,008,954
Part X · Balance sheet $571,334 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 $58,557$66,629
X-2 Savings and temporary cash investmentsStart of year $70,094$70,101
X-10c Land, buildings and equipment, netStart of year $74,919$74,919
X-16 Total assetsStart of year $563,255$571,334
X-17 Accounts payable and accrued expensesStart of year $14,714$6,315
X-19 Deferred revenueStart of year $16,302$9,952
X-25 Other liabilitiesStart of year $37,126$49,267
X-26 Total liabilitiesStart of year $68,142$65,534
X-27 Net assets without donor restrictionsStart of year $495,113$505,800
X-32 Total net assets or fund balancesStart of year $495,113$505,800
X-33 Total liabilities and net assetsStart of year $563,255$571,334
Part XI · Reconciliation of net assets $505,800 net assets at year end
XI-1 Total revenue$1,019,641
XI-2 Total expenses$1,008,954
XI-3 Revenue less expenses$10,687
XI-4 Net assets at start of year$495,113
XI-10 Net assets at end of year$505,800

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

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