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Theta Tau Fraternity

West Lafayette, INUnknown exempt organization EIN 38-3664072Revenue $280K in FY2024

On file with the IRSpurduethetatau.com416 N Chauncey Ave · West Lafayette, IN

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Fraternal organization

Run by 15 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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 $23K a year · 8% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$95K
186% of total assets
Concern: liabilities are 186% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$280K
-12% vs prior year
Spent
$311K
To programs
0%
Net assets
−$44K
By yearFY2021–FY2024
Revenue
$280K
FY2024▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2021$265K
FY2022$285K
FY2023$318K
FY2024$280K
Expenses
$311K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021$257K
FY2022$366K
FY2023$307K
FY2024$311K
Net assets
−$44K
FY2024▼ -182%
Tap a bar for its year
Net assets by fiscal year
FY2021$50K
FY2022−$33K
FY2023−$16K
FY2024−$44K

From the FY2024 Form 990 (year ending June 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Daksh Guard
Vice Regent
$0Pt VII · Sec A
Connor Hoy
Risk Manager
$0Pt VII · Sec A
Maanav Patel
23-24 Treasu
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Theta Tau Fraternity 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

Theta Tau Fraternity is a nonprofit organization based in West Lafayette, IN.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

The organization is a fraternity that collects dues and assessments from its members and makes expenditures to provide food, housing and other services.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$280K
Ln 12
Fees for servicesLn 2g$280K
Money outPt IX
$311K
Ln 25
Owns and owesPt X
−$44K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$51K
LiabilitiesLn 26$95K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$280K
Total revenueLn 12$280K
Assets in detailPt X, end of year
CashLn 1$10K
Cash and savings togetherLn 1–2$10K
InvestmentsLn 11–13$5K
Total assetsLn 16$51K
LiabilitiesLn 26$95K
Net assetsLn 32−$44K
OperationsPt I, VI
EmployeesI 51
VolunteersI 615
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 FY24End FY24
Cash and savingsLn 1–2$15K$10K
InvestmentsLn 11–13$5K$5K
Total assetsLn 16$71K$51K
LiabilitiesLn 26$86K$95K
Net assetsLn 32−$16K−$44K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$42K
Payroll taxesLn 10$4K
Accounting feesLn 11c$14K
OccupancyLn 16$162K
Other expenses (24a–d)Ln 24$90K
All other expensesLn 24e$126
Total functional expensesLn 25$311K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $280K$311K−$31K−$44K 990 PDF
FY2023 $318K$307K$12K−$16K 990 PDF
FY2022 $285K$366K−$81K−$33K 990 PDF
FY2021 $265K$257K$8K$50K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $280,132 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $318,350$280,132
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $318,350$280,132
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $43,848$45,451
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $262,706$265,893
I-18 Total expensesPrior year $306,554$311,344
I-19 Revenue less expensesPrior year $11,796−$31,212
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $280,132 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $280,132$280,132
VIII-12 Total revenueRelated to mission $280,132$280,132
Part IX · Statement of functional expenses $311,344 across 6 lines filed
IX-7 Other salaries and wages$41,530
IX-10 Payroll taxes$3,921
IX-11c Accounting fees$14,470
IX-16 Occupancy$161,694
IX-24 Other expenses (24a–d)$89,603
IX-24e All other expenses$126
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$311,344
Part X · Balance sheet $51,401 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $15,137$9,700
X-4 Accounts receivableStart of year $50,244$36,455
X-11 Publicly traded securitiesStart of year $5,246$5,246
X-16 Total assetsStart of year $70,627$51,401
X-17 Accounts payable and accrued expensesStart of year $4,699$2,300
X-19 Deferred revenue$11,035
X-25 Other liabilitiesStart of year $81,509$82,059
X-26 Total liabilitiesStart of year $86,208$95,394
X-27 Net assets without donor restrictionsStart of year −$15,581−$43,993
X-32 Total net assets or fund balancesStart of year −$15,581−$43,993
X-33 Total liabilities and net assetsStart of year $70,627$51,401
Part XI · Reconciliation of net assets −$43,993 net assets at year end
XI-1 Total revenue$280,132
XI-2 Total expenses$311,344
XI-3 Revenue less expenses−$31,212
XI-4 Net assets at start of year−$15,581
XI-8 Prior period adjustments$2,800
XI-10 Net assets at end of year−$43,993

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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