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Theta Xi Fraternity FY2022 filing

Not tax-deductible

Atlanta, GA501(c)(7)Mutual / membership EIN 43-0549670Revenue $1.2M in FY2022Latest return filed Mar 12, 2026

On file with the IRSthetaxi.org260 Peachtree St Nw, 30303-1202 · Atlanta, GATax-exempt since Dec 1940

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The purpose of the Fraternity is to provide a college home environment for its undergraduate members in which fellowship and alumni guidance lead to wholesome mental, moral, physical and spiritual growth.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
$101K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · 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
4 of 6
filings with a surplus
Average surplus $54K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$101K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Plus $2.0M in investments, Pt X · Ln 11–13
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $55K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$137K
5% of total assets
Looks good: liabilities are 5% 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
$1.2M
+10% vs prior year
Spent
$1.1M
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$1.2M
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M
FY2025$1.5M
Expenses
$1.1M
FY2022▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$807K
FY2022$1.1M
FY2023$1.4M
FY2024$1.3M
FY2025$1.4M
Net assets
$2.5M
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.8M
FY2022$2.5M
FY2023$2.5M
FY2024$2.7M
FY2025$2.9M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

11 people listed on the 990; $101K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
J Tanner Marcantel
Executive Director
$101,353Pt VII · Sec A
James Duane
Vice President for Alumni Affairs
$0Pt VII · Sec A
Kight Ryan
Vice President for Administration
$0Pt VII · Sec A
Spedaliere Stephen
Vice President for Chapter Operations
$0Pt VII · Sec A
$0Pt VII · Sec A
Schaffer Adam
National President
$0Pt VII · Sec A
$0Pt VII · Sec A
Leising Scott
Undergraduate Director
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
J Tanner Marcantel$95,000$95,000$105,513$101,353$101,577$95,302

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 15aYes

Programs and updates

Fosters college men's growth through fellowship and alumni guidance in a supportive home environment.

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Provided by the organization

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3 programs · in their own filed words · FY2021
01

Chapter Services Include

Leadership consultant, executive staff, and volunteer alumni officer visits to undergraduate campus chapters to overview operations, provide verbal and written advice and counsel to improve individual leadership skills and overall chapter performance.

Pt IX · col B
02

Insurance Program Includes

Liability insurance: undergraduate risk management education that addresses alcohol use, illegal drugs, sexual abuse and hazing; undergraduate and alumni risk management workshops; articles; and incident investigations.

Pt IX · col B
03

National Convention Includes

Exercises in self-governance, educational and leadership skills workshops, recognition of academic and operations accomplishments, sharing of best-practices and ritual exemplification.

Pt IX · col B

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 · FY2023
Theta Xi FoundationFY2023$55K
Total grants receivedfrom 1 funder$55K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$122K
Other incomeLn 4–11$35K
Money outPt IX
$1.1M
Ln 25
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$286K
Total assetsLn 16$2.7M
LiabilitiesLn 26$137K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$122K
Other incomeLn 4–11$35K
Gains on assetsLn 7$75K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$282K
Cash and savings togetherLn 1–2$286K
InvestmentsLn 11–13$2.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$52K
Total assetsLn 16$2.7M
LiabilitiesLn 26$137K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 58
VolunteersI 6306
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$1.9M$2.2M$1.7M$1.7M$1.7M
Given inLn 1b$5K$11K
SpentLn 1d–1f$153K$75K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$484K$286K
InvestmentsLn 11–13$2.1M$2.0M
Land, buildings, equipmentLn 10c$3K$0
Total assetsLn 16$2.9M$2.7M
LiabilitiesLn 26$111K$137K
Net assetsLn 32$2.8M$2.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1K
Pay of current officers, directors and key staffLn 5$111K
Other salaries and wagesLn 7$302K
Pension plan contributionsLn 8$8K
Other employee benefitsLn 9$34K
Payroll taxesLn 10$31K
Accounting feesLn 11c$25K
Investment management feesLn 11f$236
Office expensesLn 13$77K
Information technologyLn 14$2K
OccupancyLn 16$56K
TravelLn 17$63K
Conferences, conventions and meetingsLn 19$85K
InterestLn 20$375
InsuranceLn 23$209K
Other expenses (24a–d)Ln 24$122K
Total functional expensesLn 25$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 12, 2026 $1.5M$1.4M$81K$2.9M 990 PDF
FY2024Filed with the IRS May 6, 2025 $1.2M$1.3M−$51K$2.7M 990 PDF
FY2023Filed with the IRS May 9, 2024 $1.2M$1.4M−$202K$2.5M 990 PDF
FY2022 ViewingFiled with the IRS May 9, 2023 $1.2M$1.1M$61K$2.5M 990 PDF
FY2021Filed with the IRS May 16, 2022 $1.1M$807K$272K$2.8M 990 PDF
FY2020Filed with the IRS May 9, 2022 $1.2M$1.0M$165K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,187,038 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$5,066
I-9 Program service revenuePrior year $971,767$1,025,277
I-10 Investment incomePrior year $76,723$121,718
I-11 Other revenuePrior year $29,815$34,977
I-12 Total revenuePrior year $1,078,305$1,187,038
I-13 Grants and similar amounts paidPrior year $0$1,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $471,267$486,104
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $335,446$638,896
I-18 Total expensesPrior year $806,713$1,126,000
I-19 Revenue less expensesPrior year $271,592$61,038
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,187,038 across 8 lines filed
Lines not itemized here account for $7,510 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$5,066
VIII-1h Total contributions, gifts and grants$5,066
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,025,277$1,025,277
VIII-3 Investment incomeUnrelated business $46,587$46,587
VIII-5 RoyaltiesUnrelated business $27,014$27,014
VIII-7 Net gain or loss on sales of assetsUnrelated business $75,131$75,131
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $453$453
VIII-12 Total revenueRelated to mission $1,033,240 · Unrelated business $148,732 · Excluded from tax $0$1,187,038
Part IX · Statement of functional expenses $1,126,000 across 16 lines filed
IX-2 Grants to domestic individuals$1,000
IX-5 Pay of current officers, directors and key staff$110,800
IX-7 Other salaries and wages$302,289
IX-8 Pension plan contributions$7,700
IX-9 Other employee benefits$34,433
IX-10 Payroll taxes$30,882
IX-11c Accounting fees$24,550
IX-11f Investment management fees$236
IX-13 Office expenses$76,694
IX-14 Information technology$2,185
IX-16 Occupancy$55,802
IX-17 Travel$62,838
IX-19 Conferences, conventions and meetings$85,273
IX-20 Interest$375
IX-23 Insurance$209,202
IX-24 Other expenses (24a–d)$121,741
IX-25 Total functional expenses$1,126,000
Part X · Balance sheet $2,673,332 assets, 16 lines filed
X-1 Cash, non-interest-bearing$4,376
X-2 Savings and temporary cash investmentsStart of year $484,431$281,941
X-4 Accounts receivableStart of year $109,680$226,960
X-8 Inventories for sale or use$35,297
X-9 Prepaid expenses and deferred chargesStart of year $68,021$60,945
X-10c Land, buildings and equipment, netStart of year $2,939$0
X-11 Publicly traded securitiesStart of year $2,137,367$2,011,920
X-15 Other assetsStart of year $81,815$51,893
X-16 Total assetsStart of year $2,884,253$2,673,332
X-17 Accounts payable and accrued expensesStart of year $42,973$71,625
X-25 Other liabilitiesStart of year $47,362$47,361
X-26 Total liabilitiesStart of year $110,555$136,821
X-27 Net assets without donor restrictionsStart of year $2,641,718$2,404,531
X-28 Net assets with donor restrictionsStart of year $131,980$131,980
X-32 Total net assets or fund balancesStart of year $2,773,698$2,536,511
X-33 Total liabilities and net assetsStart of year $2,884,253$2,673,332
Part XI · Reconciliation of net assets $2,536,511 net assets at year end
XI-1 Total revenue$1,187,038
XI-2 Total expenses$1,126,000
XI-3 Revenue less expenses$61,038
XI-4 Net assets at start of year$2,773,698
XI-5 Net unrealized gains (losses) on investments−$298,225
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,536,511

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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