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Theta Building Association

Not tax-deductible

Indianapolis, INMutual-benefit / member-servingEIN 39-1087800Revenue $305K in FY2025

On file with the IRS8740 Founders Rd, 46268-1337 · Indianapolis, INTax-exempt since Mar 1940

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To provide housing

Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 5
filings with a surplus
Average surplus $91K a year · 34% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
16 mo
of spending, in cash
Looks good: 15.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$40K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$305K
+19% vs prior year
Spent
$196K
Net assets
$1.2M
By yearFY2021–FY2025
Revenue
$305K
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2021$178K
FY2022$245K
FY2023$354K
FY2024$257K
FY2025$305K
Expenses
$196K
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$160K
FY2022$180K
FY2023$170K
FY2024$177K
FY2025$196K
Net assets
$1.2M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2021$722K
FY2022$787K
FY2023$971K
FY2024$1.1M
FY2025$1.2M

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1940.

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Paige Kaley Clark
Finance Advisor
$0Pt VII · Sec A
Ryann Alicia Mckinnell-Jaroslawsky
Facility Management Adviso
$0Pt VII · Sec A
Fiona Duffy
Facility Management Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Teresa Nicole Smith
Former Consultant
$0Pt VII · Sec A
Sofia Carlberg
Former Vice President Finance
$0Pt VII · Sec A
$0Pt VII · Sec A
Ingrid Aufderheide
Former Chapter President
$0Pt VII · Sec A
See Theta Building Association 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 Building Association is a member-serving organization based in Indianapolis, IN.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The corporation provides and manages the chapter headquarters for the psi chapter of the kappa alpha theta collegiate sorority which provides a place to foster friendship, promote educational and cultural interests, and develop the maturity of the members.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$305K
Ln 12
Fees for servicesLn 2g$276K
Gifts and grantsLn 1h$29K
Investment incomeLn 3$353
Money outPt IX
$196K
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$252K
Total assetsLn 16$1.2M
LiabilitiesLn 26$40K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Fees for servicesLn 2g$276K
Investment incomeLn 3$353
Total revenueLn 12$305K
Assets in detailPt X, end of year
CashLn 1$152K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$252K
Land, buildings, equipmentLn 10c$746K
Other assetsLn 15$202K
Total assetsLn 16$1.2M
LiabilitiesLn 26$40K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
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 FY25End FY25
Cash and savingsLn 1–2$356K$252K
Land, buildings, equipmentLn 10c$667K$746K
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$86K$40K
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$5K
OccupancyLn 16$123K
Depreciation, depletion and amortizationLn 22$55K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$4K
Total functional expensesLn 25$196K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $305K$196K$110K$1.2M 990 PDF
FY2024 $257K$177K$80K$1.1M 990 PDF
FY2023 $354K$170K$184K$971K 990 PDF
FY2022 $245K$180K$65K$787K 990 PDF
FY2021 $178K$160K$19K$722K 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 FY2025 990 (6 parts)
Part I · Summary $305,217 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$29,249
I-9 Program service revenuePrior year $256,520$275,615
I-10 Investment incomePrior year $509$353
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $257,029$305,217
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 $177,040$195,558
I-18 Total expensesPrior year $177,040$195,558
I-19 Revenue less expensesPrior year $79,989$109,659
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $305,217 across 5 lines filed
VIII-1f All other contributions, gifts and grants$29,249
VIII-1h Total contributions, gifts and grants$29,249
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $275,615$275,615
VIII-3 Investment incomeExcluded from tax $353$353
VIII-12 Total revenueRelated to mission $275,615 · Unrelated business $0 · Excluded from tax $353$305,217
Part IX · Statement of functional expenses $195,558 across 5 lines filed
IX-11c Accounting fees$4,642
IX-16 Occupancy$122,908
IX-22 Depreciation, depletion and amortization$55,135
IX-23 Insurance$9,031
IX-24 Other expenses (24a–d)$3,842
IX-25 Total functional expenses$195,558
Part X · Balance sheet $1,200,609 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $256,271$152,174
X-2 Savings and temporary cash investmentsStart of year $100,000$100,000
X-4 Accounts receivableStart of year $2,043$0
X-10c Land, buildings and equipment, netStart of year $667,206$746,125
X-15 Other assetsStart of year $111,031$202,310
X-16 Total assetsStart of year $1,136,551$1,200,609
X-17 Accounts payable and accrued expensesStart of year $80,574$34,973
X-25 Other liabilitiesStart of year $5,000$5,000
X-26 Total liabilitiesStart of year $85,574$39,973
X-27 Net assets without donor restrictionsStart of year $1,050,977$1,160,636
X-32 Total net assets or fund balancesStart of year $1,050,977$1,160,636
X-33 Total liabilities and net assetsStart of year $1,136,551$1,200,609
Part XI · Reconciliation of net assets $1,160,636 net assets at year end
XI-1 Total revenue$305,217
XI-2 Total expenses$195,558
XI-3 Revenue less expenses$109,659
XI-4 Net assets at start of year$1,050,977
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,160,636

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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