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Alpha Rho Alumni Chapter FY2021 filing

Not tax-deductible

Lexington, VA501(c)(7)Education EIN 55-0697843Revenue $445K in FY2021

On file with the IRS115 Liberty Hall Rd, 24450-1702 · Lexington, VATax-exempt since Aug 1940

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To build, maintain and oversee operations of a fraternity house adjacent to west virginia university and to further the social and academic experiences for undergraduate members of the kappa Alpha order.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $95K a year · 24% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.3M
110% of total assets
Concern: liabilities are 110% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$445K
Spent
$231K
To programs
95%
Net assets
−$204K
By yearFY2021–FY2022
Revenue
$445K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$445K
FY2022$329K
Expenses
$231K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$231K
FY2022$354K
Net assets
−$204K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$204K
FY2022−$229K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Aug 1940.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $219K Management & general 5% · $12K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Brian Jenkins
Board Member
$0Pt VII · Sec A
John Kaiser
Board Member
$0Pt VII · Sec A
Kurt Morante
Board Member
$0Pt VII · Sec A
Edward Rizzo
Board Member
$0Pt VII · Sec A
Glenn Rizzo
Board Member
$0Pt VII · Sec A
Isaac Sams
Board Member
$0Pt VII · Sec A
Greg Totterdale
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Alpha Rho Alumni 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II10 listed

Programs and updates

Provides housing and supports social and academic growth for fraternity members near West Virginia University.

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1 program · in their own filed words · FY2020
01

Building and maintaining the fraternity house operations for the kappa alpha order of west virginia university and further the social and academic experiences for undergraduate kappa alpha members.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$445K
Ln 12
Fees for servicesLn 2g$345K
Other incomeLn 4–11$100K
Investment incomeLn 3$25
Money outPt IX
$231K
Ln 25
Programscol B$219K
Managementcol C$12K
Owns and owesPt X
−$204K
net assets · Ln 32
Cash and savingsLn 1–2$242K
Total assetsLn 16$2.1M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$345K
Investment incomeLn 3$25
Other incomeLn 4–11$100K
Total revenueLn 12$445K
Assets in detailPt X, end of year
CashLn 1$208K
SavingsLn 2$34K
Cash and savings togetherLn 1–2$242K
Land, buildings, equipmentLn 10c$1.9M
Total assetsLn 16$2.1M
LiabilitiesLn 26$2.3M
Net assetsLn 32−$204K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$117K$242K
Land, buildings, equipmentLn 10c$1.9M$1.9M
Total assetsLn 16$2.1M$2.1M
LiabilitiesLn 26$2.5M$2.3M
Net assetsLn 32−$419K−$204K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$5K$5K
Office expensesLn 13$94$94
OccupancyLn 16$61K$61K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$134K$134K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$412$412
Total functional expensesLn 25$231K$219K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $329K$354K−$25K−$229K 990 PDF
FY2021 Viewing $445K$231K$215K−$204K 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 FY2021 990 (6 parts)
Part I · Summary $445,402 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $201,066$344,885
I-10 Investment incomePrior year $1,275$25
I-11 Other revenue$100,492
I-12 Total revenuePrior year $202,341$445,402
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $192,335$230,738
I-18 Total expensesPrior year $192,335$230,738
I-19 Revenue less expensesPrior year $10,006$214,664
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $445,402 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $344,885$344,885
VIII-3 Investment incomeRelated to mission $25$25
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $100,492$100,492
VIII-12 Total revenueRelated to mission $344,910 · Excluded from tax $100,492$445,402
Part IX · Statement of functional expenses $230,738 across 8 lines filed
IX-11b Legal feesManagement $5,363$5,363
IX-13 Office expensesPrograms $94$94
IX-16 OccupancyPrograms $60,722$60,722
IX-20 InterestManagement $6,173$6,173
IX-22 Depreciation, depletion and amortizationPrograms $134,194$134,194
IX-23 InsurancePrograms $11,536$11,536
IX-24 Other expenses (24a–d)Programs $12,244$12,244
IX-24e All other expensesPrograms $412$412
IX-25 Total functional expensesPrograms $219,202 · Management $11,536 · Fundraising $0$230,738
Part X · Balance sheet $2,129,458 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $86,060$207,868
X-2 Savings and temporary cash investmentsStart of year $31,347$34,487
X-4 Accounts receivableStart of year $9,331$29,695
X-10c Land, buildings and equipment, netStart of year $1,943,208$1,856,101
X-14 Intangible assetsStart of year $1,353$1,307
X-16 Total assetsStart of year $2,071,299$2,129,458
X-17 Accounts payable and accrued expensesStart of year $124,240$83,424
X-24 Unsecured notes and loans payable$100,000
X-25 Other liabilitiesStart of year $40,332$60,536
X-26 Total liabilitiesStart of year $2,489,879$2,333,374
X-27 Net assets without donor restrictionsStart of year −$432,641−$217,977
X-28 Net assets with donor restrictionsStart of year $14,061$14,061
X-32 Total net assets or fund balancesStart of year −$418,580−$203,916
X-33 Total liabilities and net assetsStart of year $2,071,299$2,129,458
Part XI · Reconciliation of net assets −$203,916 net assets at year end
XI-1 Total revenue$445,402
XI-2 Total expenses$230,738
XI-3 Revenue less expenses$214,664
XI-4 Net assets at start of year−$418,580
XI-10 Net assets at end of year−$203,916

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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