Pi Tau Sigma FY2021 filing

Tax-deductible

Ruston, LA501(c)(3)EIN 37-0801477Revenue $96K in FY2021

On file with the IRSpitausigma.net911 Hergot Ave 10137, 71270-4923 · Ruston, LATax-exempt since Nov 1966Publicly supported — 509(a)(2)

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Honorary society for mechanical engineers. To recognize, support and honor sound engineering ability, scholarship, personality, and future success in the field of mechanical engineering.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$19K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
5 of 6
filings with a surplus
Average surplus $12K a year · 13% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 46% of spending
Concern: pay to officers and key staff is 46% of spending; over 30%.
Pt VII · Sec A
Cash reserves
23 mo
of spending, in cash
Looks good: 22.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$96K
+0.7% vs prior year
Spent
$41K
To programs
75%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$96K
FY2021▲ +0.7%
Tap a bar for its year
Revenue by fiscal year
FY2020$95K
FY2021$96K
FY2022$95K
FY2023$93K
FY2024$100K
FY2025$87K
Expenses
$41K
FY2021▼ -53%
Tap a bar for its year
Expenses by fiscal year
FY2020$88K
FY2021$41K
FY2022$88K
FY2023$88K
FY2024$92K
FY2025$96K
Net assets
$1.1M
FY2021▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$947K
FY2021$1.1M
FY2022$1.1M
FY2023$1.0M
FY2024$1.2M
FY2025$1.3M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1966.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $31K Management & general 25% · $10K

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

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Who runs it and what they're paid

7 people listed on the 990; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Secretary/Tr
$19,200Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Pres at
$0Pt VII · Sec A
Vice Pres at
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Gregory Michna$19,200$19,200$3,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Recognizes and supports mechanical engineers for their ability, scholarship, and future success.

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Provided by the organization

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2 programs · $31K · in their own filed words · FY2020
01

National office processing of memberships, printing of certificates, recognitions, maintenance of chapter membership documentation.

$30Kprogram expense
02

Annual convention annual meeting of chapters to vote on financial matters and other business items, award recognitions, reporting on national matters affecting membership.

$1Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$96K
Ln 12
Gifts and grantsLn 1h$58K
Investment incomeLn 3$37K
Money outPt IX
$41K
Ln 25
Programscol B$31K
Managementcol C$10K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58K
Investment incomeLn 3$37K
Gains on assetsLn 7$9K
Total revenueLn 12$96K
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
InvestmentsLn 11–13$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderAugust
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$36K$78K
InvestmentsLn 11–13$890K$1.1M
Total assetsLn 16$947K$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$947K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$19K$10K$10K
Accounting feesLn 11c$812$812
Other fees for servicesLn 11g$16$16
Office expensesLn 13$20K$20K
Information technologyLn 14$350$350
Conferences, conventions and meetingsLn 19$1K$1K
Total functional expensesLn 25$41K$31K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $87K$96K−$9K$1.3M 990 PDF
FY2024 $100K$92K$9K$1.2M 990 PDF
FY2023 $93K$88K$5K$1.0M 990 PDF
FY2022 $95K$88K$6K$1.1M 990 PDF
FY2021 Viewing $96K$41K$54K$1.1M 990 PDF
FY2020 $95K$88K$7K$947K 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 (6 parts)
Part I · Summary $95,834 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $64,693$58,360
I-9 Program service revenue$0
I-10 Investment incomePrior year $30,484$37,474
I-11 Other revenue$0
I-12 Total revenuePrior year $95,177$95,834
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $40,700$19,200
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $47,353$22,207
I-18 Total expensesPrior year $88,053$41,407
I-19 Revenue less expensesPrior year $7,124$54,427
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $95,834 across 5 lines filed
VIII-1b Membership dues$58,360
VIII-1h Total contributions, gifts and grants$58,360
VIII-3 Investment incomeRelated to mission $28,582$28,582
VIII-7 Net gain or loss on sales of assetsRelated to mission $8,892$8,892
VIII-12 Total revenueRelated to mission $37,474$95,834
Part IX · Statement of functional expenses $41,407 across 6 lines filed
IX-7 Other salaries and wagesPrograms $9,600 · Management $9,600$19,200
IX-11c Accounting feesManagement $812$812
IX-11g Other fees for servicesPrograms $16$16
IX-13 Office expensesPrograms $19,935$19,935
IX-14 Information technologyPrograms $350$350
IX-19 Conferences, conventions and meetingsPrograms $1,094$1,094
IX-25 Total functional expensesPrograms $30,995 · Management $10,412 · Fundraising $0$41,407
Part X · Balance sheet $1,145,464 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $36,389$78,152
X-8 Inventories for sale or useStart of year $20,105$9,635
X-9 Prepaid expenses and deferred chargesStart of year $579$275
X-11 Publicly traded securitiesStart of year $889,615$1,057,402
X-16 Total assetsStart of year $946,688$1,145,464
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $946,688$1,145,464
X-32 Total net assets or fund balancesStart of year $946,688$1,145,464
X-33 Total liabilities and net assetsStart of year $946,688$1,145,464
Part XI · Reconciliation of net assets $1,145,464 net assets at year end
XI-1 Total revenue$95,834
XI-2 Total expenses$41,407
XI-3 Revenue less expenses$54,427
XI-4 Net assets at start of year$946,688
XI-5 Net unrealized gains (losses) on investments$144,349
XI-10 Net assets at end of year$1,145,464

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

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