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Tau Chapter Building Corporation

Not tax-deductible

Chapel Hill, NC501(c)(7)Since 2001Education EIN 56-0961385Revenue $586K in FY2025

On file with the IRSPo Box 4633, 27515-4633 · Chapel Hill, NCTax-exempt since Mar 2002

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Operating the fraternity house

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2025 · 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
4 of 6
filings with a surplus
Average surplus $25K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
<1 mo
of spending, in cash
Plus $489K in investments, Pt X · Ln 11–13
Fine: 0.5 months of spending in cash, plus $489K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$228K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$586K
+5% vs prior year
Spent
$558K
Net assets
$883K
By yearFY2020–FY2025
Revenue
$586K
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$409K
FY2021$255K
FY2022$500K
FY2023$393K
FY2024$558K
FY2025$586K
Expenses
$558K
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$398K
FY2021$308K
FY2022$377K
FY2023$411K
FY2024$505K
FY2025$558K
Net assets
$883K
FY2025▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$309K
FY2021$257K
FY2022$743K
FY2023$812K
FY2024$894K
FY2025$883K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2002.

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

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
James Wilcox
President and Treasurer
$0Pt VII · Sec A
Daniel Eller
Vice President
$0Pt VII · Sec A
William Warren
Board Member
$0Pt VII · Sec A
Robert Powell
Board Member
$0Pt VII · Sec A
Robert Wilson
Board Member
$0Pt VII · Sec A
Derrick Lankford
Board Member
$0Pt VII · Sec A
Drayton Henderson
Board Member
$0Pt VII · Sec A
Gary Edge
Board Member
$0Pt VII · Sec A
See Tau Chapter Building Corporation 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

Tau Chapter Building Corporation is a member-serving organization based in Chapel Hill, NC, formed in 2001.

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1 program · in their own filed words · FY2024
01

Organization owns and operates the fraternity house

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$586K
Ln 12
Fees for servicesLn 2g$500K
Gifts and grantsLn 1h$50K
Investment incomeLn 3$37K
Money outPt IX
$558K
Ln 25
Owns and owesPt X
$883K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$1.1M
LiabilitiesLn 26$228K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Fees for servicesLn 2g$500K
Investment incomeLn 3$37K
Gains on assetsLn 7$22K
Total revenueLn 12$586K
Assets in detailPt X, end of year
SavingsLn 2$23K
Cash and savings togetherLn 1–2$23K
InvestmentsLn 11–13$489K
Land, buildings, equipmentLn 10c$599K
Total assetsLn 16$1.1M
LiabilitiesLn 26$228K
Net assetsLn 32$883K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$69K$23K
InvestmentsLn 11–13$462K$489K
Land, buildings, equipmentLn 10c$631K$599K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$269K$228K
Net assetsLn 32$894K$883K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$8K
Accounting feesLn 11c$3K
Investment management feesLn 11f$3K
Office expensesLn 13$8K
Information technologyLn 14$348
OccupancyLn 16$149K
Conferences, conventions and meetingsLn 19$4K
InterestLn 20$3K
Depreciation, depletion and amortizationLn 22$32K
InsuranceLn 23$16K
Other expenses (24a–d)Ln 24$308K
All other expensesLn 24e$22K
Total functional expensesLn 25$558K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $586K$558K$28K$883K 990 PDF
FY2024 $558K$505K$54K$894K 990 PDF
FY2023 $393K$411K−$18K$812K 990 PDF
FY2022 $500K$377K$123K$743K 990 PDF
FY2021 $255K$308K−$52K$257K 990 PDF
FY2020 $409K$398K$12K$309K 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 FY2025 990 (6 parts)
Part I · Summary $586,408 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,000$50,000
I-9 Program service revenuePrior year $524,393$499,768
I-10 Investment incomePrior year $13,841$36,640
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $558,234$586,408
I-13 Grants and similar amounts paidPrior year $0$0
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 $504,553$558,248
I-18 Total expensesPrior year $504,553$558,248
I-19 Revenue less expensesPrior year $53,681$28,160
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $586,408 across 6 lines filed
VIII-1f All other contributions, gifts and grants$50,000
VIII-1h Total contributions, gifts and grants$50,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $499,768$499,768
VIII-3 Investment incomeUnrelated business $14,234$14,234
VIII-7 Net gain or loss on sales of assetsUnrelated business $22,406$22,406
VIII-12 Total revenueRelated to mission $499,768 · Unrelated business $36,640 · Excluded from tax $0$586,408
Part IX · Statement of functional expenses $558,248 across 12 lines filed
IX-11a Management fees$7,620
IX-11c Accounting fees$3,200
IX-11f Investment management fees$3,436
IX-13 Office expenses$8,373
IX-14 Information technology$348
IX-16 Occupancy$149,478
IX-19 Conferences, conventions and meetings$4,092
IX-20 Interest$2,785
IX-22 Depreciation, depletion and amortization$32,362
IX-23 Insurance$16,002
IX-24 Other expenses (24a–d)$308,405
IX-24e All other expenses$22,147
IX-25 Total functional expenses$558,248
Part X · Balance sheet $1,111,037 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $69,213$23,315
X-10c Land, buildings and equipment, netStart of year $631,079$598,717
X-11 Publicly traded securitiesStart of year $462,253$489,005
X-16 Total assetsStart of year $1,162,545$1,111,037
X-26 Total liabilitiesStart of year $268,897$227,683
X-27 Net assets without donor restrictionsStart of year $893,648$883,354
X-32 Total net assets or fund balancesStart of year $893,648$883,354
X-33 Total liabilities and net assetsStart of year $1,162,545$1,111,037
Part XI · Reconciliation of net assets $883,354 net assets at year end
XI-1 Total revenue$586,408
XI-2 Total expenses$558,248
XI-3 Revenue less expenses$28,160
XI-4 Net assets at start of year$893,648
XI-5 Net unrealized gains (losses) on investments−$38,454
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$883,354

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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