philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Triangle Fraternity Michigan FY2023 filing

Not tax-deductible

Ypsilanti, MI501(c)(7)EIN 38-6089041Revenue $391K in FY2023

On file with the IRS2483 Lakeshore Blvd Apt 785, 48198-6929 · Ypsilanti, MITax-exempt since Oct 1940

Tell your story. Claim this org

To maintain a Fraternity of engineers, architects and scientists: IT shall carry out its purpose by establishing a chapter that develops balanced men who cultivate high moral character.

94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
2 of 4
filings with a surplus
Average deficit $66K a year · 26% 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $162K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$38K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
55
of 55 voting members
Looks good: 55 of 55 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$391K
+154% vs prior year
Spent
$323K
To programs
94%
Net assets
$630K
By yearFY2021–FY2024
Revenue
$391K
FY2023▲ +154%
Tap a bar for its year
Revenue by fiscal year
FY2021$248K
FY2022$154K
FY2023$391K
FY2024$211K
Expenses
$323K
FY2023▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2021$198K
FY2022$327K
FY2023$323K
FY2024$417K
Net assets
$630K
FY2023▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2021$901K
FY2022$530K
FY2023$630K
FY2024$423K

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

990 PDF Claim
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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $305K Management & general 6% · $18K

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

Something off? Claim to fix it

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Jim Lisi
Treasurer
$0Pt VII · Sec A
Ryan Skop
Alumni President
$0Pt VII · Sec A
Sam Friedman
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Neil Johari
Director
$0Pt VII · Sec A
See Triangle Fraternity Michigan executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Develops balanced men with high moral character through an engineering, architecture, and science fraternity.

Questions for Triangle Fraternity Michigan

Tap to ask. Triangle Fraternity Michigan sees how many people are interested.

Your first name shows with your question. Triangle Fraternity Michigan answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $305K · in their own filed words · FY2022
01

All revenue and expenses pertain to the exempt purpose of operating the fraternity chapter house and recruiting members.

$305Kprogram expense

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 · FY2022
Triangle Education FoundationFY2022$162K
Total grants receivedfrom 1 funder$162K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$391K
Ln 12
Fees for servicesLn 2g$237K
Gifts and grantsLn 1h$154K
Money outPt IX
$323K
Ln 25
Programscol B$305K
Managementcol C$18K
Owns and owesPt X
$630K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$668K
LiabilitiesLn 26$38K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a55
IndependentVI 1b55
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$154K
Fees for servicesLn 2g$237K
Total revenueLn 12$391K
Assets in detailPt X, end of year
CashLn 1$166K
Cash and savings togetherLn 1–2$166K
Land, buildings, equipmentLn 10c$467K
Total assetsLn 16$668K
LiabilitiesLn 26$38K
Net assetsLn 32$630K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$26K$166K
Land, buildings, equipmentLn 10c$516K$467K
Total assetsLn 16$562K$668K
LiabilitiesLn 26$31K$38K
Net assetsLn 32$530K$630K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$18K$18K
Accounting feesLn 11c$14$14
OccupancyLn 16$112K$112K
Depreciation, depletion and amortizationLn 22$49K$49K
Other expenses (24a–d)Ln 24$128K$128K
All other expensesLn 24e$16K$16K
Total functional expensesLn 25$323K$305K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $211K$417K−$207K$423K 990 PDF
FY2023 Viewing $391K$323K$68K$630K 990 PDF
FY2022 $154K$327K−$173K$530K 990 PDF
FY2021 $248K$198K$49K$901K 990 PDF

More to add? Claim this org

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 $390,775 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000$153,541
I-9 Program service revenuePrior year $185,605$237,234
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$32,698$0
I-12 Total revenuePrior year $153,907$390,775
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 $327,079$322,805
I-18 Total expensesPrior year $327,079$322,805
I-19 Revenue less expensesPrior year −$173,172$67,970
Part VI · Governance 55 of 55 board members independent, 4 to look at
VI-1a Voting members of the governing body55
VI-1b Independent voting members55
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 $390,775 across 4 lines filed
VIII-1f All other contributions, gifts and grants$153,541
VIII-1h Total contributions, gifts and grants$153,541
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $237,234$237,234
VIII-12 Total revenueRelated to mission $237,234 · Unrelated business $0 · Excluded from tax $0$390,775
Part IX · Statement of functional expenses $322,805 across 6 lines filed
IX-11a Management feesManagement $18,000$18,000
IX-11c Accounting feesPrograms $14$14
IX-16 OccupancyPrograms $112,442$112,442
IX-22 Depreciation, depletion and amortizationPrograms $48,690$48,690
IX-24 Other expenses (24a–d)Programs $128,126$128,126
IX-24e All other expensesPrograms $15,533$15,533
IX-25 Total functional expensesPrograms $304,805 · Management $18,000 · Fundraising $0$322,805
Part X · Balance sheet $668,484 assets, 10 lines filed
Asset lines not itemized here account for $8,750; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $26,451$165,539
X-3 Pledges and grants receivableStart of year $11,539$26,974
X-10c Land, buildings and equipment, netStart of year $515,911$467,221
X-16 Total assetsStart of year $561,776$668,484
X-17 Accounts payable and accrued expensesStart of year −$7,724$28
X-19 Deferred revenueStart of year $39,085$38,360
X-26 Total liabilitiesStart of year $31,361$38,388
X-27 Net assets without donor restrictionsStart of year $530,415$630,096
X-32 Total net assets or fund balancesStart of year $530,415$630,096
X-33 Total liabilities and net assetsStart of year $561,776$668,484
Part XI · Reconciliation of net assets $630,096 net assets at year end
XI-1 Total revenue$390,775
XI-2 Total expenses$322,805
XI-3 Revenue less expenses$67,970
XI-4 Net assets at start of year$530,415
XI-8 Prior period adjustments$31,711
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$630,096

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.