Theta Chi Fraternity Gamma Phi Chapter FY2024 filing

Not tax-deductible

Lincoln, NE501(c)(7)Since 1949EIN 47-0379366Revenue $259K in FY2024

On file with the IRSthetachi.org2800 N 50th St, 68504-2703 · Lincoln, NETax-exempt since Dec 1940

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Theta Chi Fraternity members have sought to make lasting impact on their respective campuses. In the Gamma Phi Chapter, our brothers actively carry out this mission through high scholarship, leadership, professional development, and philanthropy. Theta Chi is a place to grow and create a bond of brotherhood for life.

Mission: Form 990 Part I, line 1

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FY2024 · 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
2 of 2
filings with a surplus
Average surplus $41K a year · 16% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$259K
+54% vs prior year
Spent
$221K
To programs
0%
Net assets
$168K
By yearFY2021–FY2025
Revenue
$259K
FY2024▲ +54%
Tap a bar for its year
Revenue by fiscal year
FY2021$166K
FY2022$137K
FY2023$169K
FY2024$259K
FY2025$266K
Expenses
$221K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$221K
FY2025$222K
Net assets
$168K
FY2024▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2021$136K
FY2022$105K
FY2023$130K
FY2024$168K
FY2025$212K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
VP of Health and Safety
$0Pt VII · Sec A
$0Pt VII · Sec A
Recruitment
$0Pt VII · Sec A
House Manager
$0Pt VII · Sec A
See Theta Chi Fraternity Gamma Phi Chapter 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

Provides a social fraternity for 44 members.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Program Service Revenue consists of Membership Dues and Assessments. Such program service revenue is primarily used for: Social Events and Gatherings, Member Education and Enrichment, Recruitment, Community Service, along with facilitating Chapter members' Meal obligations.

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 · this organization's grantmaking
Grants paid · 1 grant · $5K · 2024–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$259K
Ln 12
Fees for servicesLn 2g$257K
Gifts and grantsLn 1h$3K
Money outPt IX
$221K
Ln 25
Owns and owesPt X
$168K
net assets · Ln 32
Cash and savingsLn 1–2$168K
Total assetsLn 16$168K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$3K
Fees for servicesLn 2g$257K
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$168K
Cash and savings togetherLn 1–2$168K
Total assetsLn 16$168K
LiabilitiesLn 26$0
Net assetsLn 32$168K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$130K$168K
Total assetsLn 16$130K$168K
LiabilitiesLn 26$0$0
Net assetsLn 32$130K$168K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$77K
TravelLn 17$9K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$20K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$15K
Other expenses (24a–d)Ln 24$92K
Total functional expensesLn 25$221K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $266K$222K$44K$212K 990 PDF
FY2024 Viewing $259K$221K$39K$168K 990 PDF
FY2023 $169K$130K 990 PDF
FY2022 $137K$105K 990 PDF
FY2021 $166K$136K 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 FY2024 990 (6 parts)
Part I · Summary $259,398 revenue, 12 lines filed
I-8 Contributions and grants$3,400
I-9 Program service revenue$257,098
I-10 Investment income$0
I-11 Other revenue−$1,100
I-12 Total revenuePrior year $0$259,398
I-13 Grants and similar amounts paid$5,400
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$215,336
I-18 Total expensesPrior year $0$220,736
I-19 Revenue less expensesPrior year $0$38,662
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $259,398 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$3,400
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$3,400
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $257,098 · Unrelated business $0 · Excluded from tax $0$257,098
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$1,100−$1,100
VIII-12 Total revenueRelated to mission $257,098 · Unrelated business $0 · Excluded from tax −$1,100$259,398
Part IX · Statement of functional expenses $220,736 across 30 lines filed
IX-1 Grants to domestic organizations$5,400
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$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$2,207
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$77,250
IX-17 Travel$9,200
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$20,000
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$14,865
IX-24 Other expenses (24a–d)$91,814
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$220,736
Part X · Balance sheet $168,269 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $129,607$168,269
X-16 Total assetsStart of year $129,607$168,269
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $129,607$168,269
X-33 Total liabilities and net assetsStart of year $129,607$168,269
Part XI · Reconciliation of net assets $168,269 net assets at year end
XI-1 Total revenue$259,398
XI-2 Total expenses$220,736
XI-3 Revenue less expenses$38,662
XI-4 Net assets at start of year$129,607
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$168,269

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

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