The Mu Chapter Foundation FY2020 filing

Tax-deductible

Seattle, WA501(c)(3)EducationEIN 46-5667853Revenue $56K in FY2020

On file with the IRS4300 University Way Ne Ste C, 98105-5805 · Seattle, WATax-exempt since Aug 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The Mu Chapter foundation's purpose is to support the academic pursuits of undergraduate members of the Mu Chapter of alpha sigma phi fraternity, recognizing and rewarding their efforts to become better men through leading a life founded upon the values of silence, charity, purity, honor and patriotism.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 5
filings with a surplus
Average deficit $65K a year · 100% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 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: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$56K
Spent
$318K
To programs
94%
Net assets
$684K
By yearFY2020–FY2024
Revenue
$56K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$56K
FY2021$155K
FY2022$27K
FY2023$24K
FY2024$67K
Expenses
$318K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$318K
FY2021$182K
FY2022$105K
FY2023$19K
FY2024$30K
Net assets
$684K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$684K
FY2021$676K
FY2022$498K
FY2023$569K
FY2024$681K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Aug 2015.

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% · $300K Management & general 6% · $18K Fundraising 0% · $10

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

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Mu Chapter Foundation 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

Supports undergraduate fraternity members' academic goals and personal development.

Provided by the organization

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1 program · $300K · in their own filed words · FY2020
01

In 2020, the mu chapter foundation gave $300,000 to mu chapter of alpha sigma phi, inc to support ongoing renovations of the mu chapter house for the undergraduate members' use of the educational space.

$300Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$10K
Grants paid · 6 grants · $611K · 2020–2024
Unitemized GrantFY2024$26,770
Unitemized GrantFY2023$16,030
Mu Asp Capital CampaignWA · FY2022$69,362
Unitemized GrantFY2022$22,000
Alpha Sigma Phi Fraternity INCWA · FY2021$176,729
Alpha Sigma Phi Fraternity INCWA · FY2020$300,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$56K
Ln 12
Gifts and grantsLn 1h$31K
Investment incomeLn 3$24K
Money outPt IX
$318K
Ln 25
Programscol B$300K
Managementcol C$18K
Fundraisingcol D$10
Owns and owesPt X
$684K
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$684K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Investment incomeLn 3$24K
Gains on assetsLn 7$9K
Total revenueLn 12$56K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$117K
Cash and savings togetherLn 1–2$145K
InvestmentsLn 11–13$540K
Total assetsLn 16$684K
LiabilitiesLn 26$0
Net assetsLn 32$684K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$430K$145K
InvestmentsLn 11–13$497K$540K
Total assetsLn 16$927K$684K
LiabilitiesLn 26$0$0
Net assetsLn 32$927K$684K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$300K$300K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$75$65$10
Total functional expensesLn 25$318K$300K$18K$10

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $67K$30K$37K$681K 990 PDF
FY2023 $24K$19K$4K$569K 990 PDF
FY2022 $27K$105K−$78K$498K 990 PDF
FY2021 $155K$182K−$27K$676K 990 PDF
FY2020 Viewing $56K$318K−$262K$684K 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 FY2020 990 (6 parts)
Part I · Summary $55,775 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $74,911$31,285
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $22,385$24,490
I-11 Other revenuePrior year $972$0
I-12 Total revenuePrior year $98,268$55,775
I-13 Grants and similar amounts paidPrior year $20,000$300,000
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 $14,873$17,822
I-18 Total expensesPrior year $34,873$317,822
I-19 Revenue less expensesPrior year $63,395−$262,047
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $55,775 across 5 lines filed
VIII-1f All other contributions, gifts and grants$31,285
VIII-1h Total contributions, gifts and grants$31,285
VIII-3 Investment incomeExcluded from tax $15,815$15,815
VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,675$8,675
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $24,490$55,775
Part IX · Statement of functional expenses $317,822 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $300,000$300,000
IX-11c Accounting feesManagement $17,747$17,747
IX-11g Other fees for servicesManagement $65 · Fundraising $10$75
IX-25 Total functional expensesPrograms $300,000 · Management $17,812 · Fundraising $10$317,822
Part X · Balance sheet $684,478 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $64,422$27,885
X-2 Savings and temporary cash investmentsStart of year $365,289$116,912
X-11 Publicly traded securitiesStart of year $497,212$539,681
X-16 Total assetsStart of year $926,923$684,478
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $926,923$684,478
X-32 Total net assets or fund balancesStart of year $926,923$684,478
X-33 Total liabilities and net assetsStart of year $926,923$684,478
Part XI · Reconciliation of net assets $684,478 net assets at year end
XI-1 Total revenue$55,775
XI-2 Total expenses$317,822
XI-3 Revenue less expenses−$262,047
XI-4 Net assets at start of year$926,923
XI-5 Net unrealized gains (losses) on investments$19,602
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$684,478

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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