Theta Xi Foundation EIN 43-6049500 Form 990 (PDF) Claim this org

Theta Xi Foundation

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Offers educational programs and scholarships to undergraduate Theta Xi fraternity members. For fiscal year 2025 it reported $1.2M in revenue, $612K in expenses, and $6.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Atlanta, GA
Website
thetaxi.org/foundation
Filings
6 on file (2020–2025)
Revenue
$1.2MFY2025
Expenses
$612K
Net assets
$6.4M
People
16
Filings
6
Updates
0
More identity details & actions ⌄
EIN  43-6049500 Public charity (501(c)(3)) Atlanta, GA
Form 990 (PDF)
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Size
$1–10M
What they do
Offers educational programs and scholarships to undergraduate Theta Xi fraternity members.
Leadership
Kenneth a Miller · Chairman
Money in and out
$1.2M revenue, $612K expenses
Bottom line
53% program efficiency
Where the money goes · FY2025
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$612K
Pt IX · Ln 25
Net assets
$6.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $628K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.32 Fundraising $0.15
Program efficiency
53%
of spending reaches programs▼ -16% vs prior filing year
Operating runway
110.4mo
months of highly liquid reserves at operating expense rate▲ +33% vs prior filing year
Surplus margin
+51%
revenue over expenses, this year▲ +359% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.2M
FY2025▲ +59%
Expenses
$612K
FY2025▼ -12%
Total assets
$6.4M
FY2025▲ +12%
Total liabilities
$24K
FY2025▼ -89%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$612K
Pt IX · Ln 25
Net assets
$6.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$628K
Total assetsPt X · Ln 16$6.4M
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

3 program services account for $327K of program spending, described in the organization's own filed words · FY2024.
01

Leadership Development

The presidents academy focuses on learning to apply leadership competencies including influencing peers to grasp a shared vision, MOTIVATING/EMPOWERING chapter members for engagement, and decision making STYLE/SKILLS through activities including common problem solving, support, and sharing of ideas designed for small groups.

$130Kprogram expense
02

Leadership grants support undergraduate attendance at educational and leadership programs and grants to purchase, build, remodel or provide resources for educational areas of chapter houses for the benefit of undergraduate members.

$105Kprogram expense
03

Academic grants includes funding scholarships and academic acheivement awards.

$93Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTheta Xi Foundation
EINHdr · item D43-6049500
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jthetaxi.org/foundation
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1954

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Theta Xi Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$997K · 80%
Investment income$231K · 19%
Other revenue$12K · 1%
Contributions & grants80%$997K
Investment income19%$231K
Other revenue1%$12K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.32 Fundraising $0.15
Program services53%$327K
Management & general32%$195K
Fundraising15%$90K
Total functional expensesLn 25$612K

Balance Sheet

Part X · end of year
CashLn 1$346K
Total assetsLn 16$6.4M
Total liabilitiesLn 26$24K
Total net assetsLn 32$6.4M
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.6M · Operating expenses/yr $612K
110.4 months
Where the money goes
Program services
Program services $327K · Total expenses $612K
53%
Management & General
Management & general $195K · Total expenses $612K
32%
Fundraising
Fundraising $90K · Total expenses $612K
15%
Cost to raise $1
Fundraising expense (3-yr avg) $98K · Solicited contributions (3-yr avg) $874K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $997K · Total revenue $1.2M
80%
Government reliance
Government grants — · Total revenue $1.2M
Earned-income share
Program service revenue $0 · Total revenue $1.2M
0%
Investment reliance
Investment income $231K · Total revenue $1.2M
+19%
Program self-sufficiency
Program service revenue $0 · Total expenses $612K
0%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $780K
+59%
Revenue CAGR
FY2019 $814K · FY2024 $1.2M
+9%
Net-asset trend (YoY)
End of year $6.4M · Beginning of year $5.5M
+17%
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $612K
+51%
Liabilities-to-Assets
Total liabilities $24K · Total assets $6.4M
0.4%
Net-asset ratio
Net assets $6.4M · Total assets $6.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.4M
83%
People & payroll
Highest Reported Total Compensation
Individual Kenneth a Miller · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $612K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $70K · Total expenses $612K
11%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 32%
Fundraising cost ratio 9%
Revenue growth 59%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 27 grants · $3.2M · 2019–2024
Unitemized GrantFY2024$92,964
Mu AssociationIA · FY2023$76,201
Unitemized GrantFY2023$67,199
Theta Xi FraternityGA · FY2023$55,000
Beta Alpha Association of Theta XiFY2023$12,890
Theta Xi FraternityGA · FY2022$71,935
Unitemized GrantFY2022$25,834
Unitemized GrantFY2021$115,761
149 Beta Alpha ChapterGA · FY2021$100,532
149 Beta Alpha ChapterGA · FY2020$185,265
See all 27 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2024$780K revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$2.6M revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$814K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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