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Theta Tau FY2024 filing

IRS exemption revoked

Springfield, MO501(c)(7)Education EIN 43-0765719Revenue $1.4M in FY2024

On file with the IRSthetatau.org2131 W Republic Rd 528, 65807-6152 · Springfield, MOTax-exempt since Nov 2010

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Develop engineering leaders for service, profession, and brotherhood.

$85K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
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
2 of 3
filings with a surplus
Average surplus $194K a year · 15% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Plus $2.6M in investments, Pt X · Ln 11–13
Looks good: 11.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$52K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+37% vs prior year
Spent
$1.2M
To programs
0%
Net assets
$4.1M
By yearFY2023–FY2025
Revenue
$1.4M
FY2024▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2023$1.0M
FY2024$1.4M
FY2025$1.5M
Expenses
$1.2M
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2023$1.0M
FY2024$1.2M
FY2025$1.1M
Net assets
$4.1M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2023$3.9M
FY2024$4.1M
FY2025$4.7M

From the FY2024 Form 990 (year ending May 2024) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on October 15, 2022
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2025. IRS ruling in Nov 2010.

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

Who runs it and what they're paid

10 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Jim Gaffney
Executive Dir.
$84,975Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
David Parker
Vice President
$0Pt VII · Sec A
Alex Chan
Treasurer
$0Pt VII · Sec A

Jim Gaffney’s $101K as Executive Dir. is at the 32nd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023
Jim Gaffney$101,178$84,975$87,656

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

Cultivate engineering leaders for service, profession, and brotherhood.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

Theta Tau has continued its legacy of Engineering Leaders for Service, Profession and Brotherhood. We hosted 13 regional conferences with more than 1,200 attendees in total, as well as planned for the return of our Leadership Academy summer program in July 2024.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$70K
Investment incomeLn 3$61K
Money outPt IX
$1.2M
Ln 25
Owns and owesPt X
$4.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$4.2M
LiabilitiesLn 26$52K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$61K
Other incomeLn 4–11$70K
Gains on assetsLn 7$0
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$766K
SavingsLn 2$369K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$2.6M
Land, buildings, equipmentLn 10c$254
Other assetsLn 15$0
Total assetsLn 16$4.2M
LiabilitiesLn 26$52K
Net assetsLn 32$4.1M
OperationsPt I, VI
EmployeesI 54
VolunteersI 635
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
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$2.3M$1.1M
InvestmentsLn 11–13$1.1M$2.6M
Land, buildings, equipmentLn 10c$764$254
Total assetsLn 16$3.9M$4.2M
LiabilitiesLn 26$15K$52K
Net assetsLn 32$3.9M$4.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$93K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$160K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$20K
Payroll taxesLn 10$22K
Management feesLn 11a$0
Legal feesLn 11b$85K
Accounting feesLn 11c$7K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$4K
Other fees for servicesLn 11g$21K
Advertising and promotionLn 12$0
Office expensesLn 13$13K
Information technologyLn 14$45K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$321K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$29K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$510
InsuranceLn 23$104K
Other expenses (24a–d)Ln 24$198K
All other expensesLn 24e$96K
Total functional expensesLn 25$1.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.1M$439K$4.7M 990 PDF
FY2024 Viewing $1.4M$1.2M$154K$4.1M 990 PDF
FY2023 $1.0M$1.0M−$10K$3.9M 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 FY2024 990 (6 parts)
Part I · Summary $1,372,120 revenue, 12 lines filed
I-8 Contributions and grants$1,284
I-9 Program service revenuePrior year $1,128,102$1,240,735
I-10 Investment incomePrior year $22,274$60,568
I-11 Other revenuePrior year −$149,737$69,533
I-12 Total revenuePrior year $1,000,639$1,372,120
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $303,059$294,796
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $707,414$923,466
I-18 Total expensesPrior year $1,010,473$1,218,262
I-19 Revenue less expensesPrior year −$9,834$153,858
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
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 $1,372,120 across 10 lines filed
Lines not itemized here account for $34,559 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,284
VIII-1h Total contributions, gifts and grants$1,284
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,240,735$1,240,735
VIII-3 Investment incomeUnrelated business $18,748 · Excluded from tax $41,820$60,568
VIII-5 RoyaltiesUnrelated business $10,178$10,178
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $24,796$24,796
VIII-12 Total revenueRelated to mission $1,267,156 · Unrelated business $37,064 · Excluded from tax $66,616$1,372,120
Part IX · Statement of functional expenses $1,218,262 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$92,624
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$159,891
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$20,414
IX-10 Payroll taxes$21,867
IX-11a Management fees$0
IX-11b Legal fees$85,489
IX-11c Accounting fees$6,760
IX-11d Lobbying fees$0
IX-11f Investment management fees$4,451
IX-11g Other fees for services$21,124
IX-12 Advertising and promotion$0
IX-13 Office expenses$12,605
IX-14 Information technology$44,665
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$320,952
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$29,399
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$510
IX-23 Insurance$104,018
IX-24 Other expenses (24a–d)$197,796
IX-24e All other expenses$95,697
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,218,262
Part X · Balance sheet $4,198,904 assets, 20 lines filed
Asset lines not itemized here account for $366,103; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,327,957$766,337
X-2 Savings and temporary cash investmentsStart of year $949,639$369,320
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $100,931$73,832
X-8 Inventories for sale or useStart of year $25,977$23,896
X-9 Prepaid expenses and deferred chargesStart of year $2,000$2,000
X-10c Land, buildings and equipment, netStart of year $764$254
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $1,050,671$2,597,162
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $50,000$0
X-16 Total assetsStart of year $3,869,054$4,198,904
X-17 Accounts payable and accrued expensesStart of year $6,045$45,944
X-25 Other liabilitiesStart of year $9,334$6,378
X-26 Total liabilitiesStart of year $15,379$52,322
X-27 Net assets without donor restrictionsStart of year $3,610,399$3,903,306
X-28 Net assets with donor restrictionsStart of year $243,276$243,276
X-32 Total net assets or fund balancesStart of year $3,853,675$4,146,582
X-33 Total liabilities and net assetsStart of year $3,869,054$4,198,904
Part XI · Reconciliation of net assets $4,146,582 net assets at year end
XI-1 Total revenue$1,372,120
XI-2 Total expenses$1,218,262
XI-3 Revenue less expenses$153,858
XI-4 Net assets at start of year$3,853,675
XI-5 Net unrealized gains (losses) on investments$163,610
XI-8 Prior period adjustments−$24,561
XI-10 Net assets at end of year$4,146,582

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

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