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Wooglin Foundation Incorporated

Not tax-deductible

Greensboro, NCMutual-benefit / member-servingHousingEIN 56-1152379Revenue $259K in FY2025

On file with the IRS1007 Battleground Avenue Suite 4, 27408-8312 · Greensboro, NCTax-exempt since Dec 2023

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The mission of the organization is to provide housing and guidance for members of the beta theta pi fraternity in chapel hill, NC

100¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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 $8K a year · 4% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
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
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$259K
+59% vs prior year
Spent
$244K
To programs
100%
Net assets
$1.1M
By yearFY2024–FY2025
Revenue
$259K
FY2025▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2024$163K
FY2025$259K
Expenses
$244K
FY2025▲ +53%
Tap a bar for its year
Expenses by fiscal year
FY2024$160K
FY2025$244K
Net assets
$1.1M
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2024$1.1M
FY2025$1.1M

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

Form 990 (PDF) Claim

Is it real?

Yes. Revoked Nov 2010, reinstated. IRS ruling Dec 2023, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Dec 2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $244K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chester Brown
President
$0Pt VII · Sec A
Glenn Young
Vice President
$0Pt VII · Sec A
Chris Sneeden
Board Member
$0Pt VII · Sec A
Paul Warren
Board Member
$0Pt VII · Sec A
See Wooglin Foundation Incorporated 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

Offers housing and guidance to fraternity members in Chapel Hill.

Questions for Wooglin Foundation Incorporated

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Provide housing for beta theta pi fraternity residents and a meeting and gathering facility for all fraternity members. There were 93 members of the fraternity during the 2024/2025 school year of which 26 were living in housing provided by the organization.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$259K
Ln 12
Fees for servicesLn 2g$259K
Money outPt IX
$244K
Ln 25
Programscol B$244K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$259K
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderMay
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$0$45K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$230$230
Accounting feesLn 11c$20K$20K
OccupancyLn 16$191K$191K
Depreciation, depletion and amortizationLn 22$30K$30K
InsuranceLn 23$3K$3K
Total functional expensesLn 25$244K$244K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $259K$244K$14K$1.1M 990 PDF
FY2024 $163K$160K$2K$1.1M 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 FY2025 990 (6 parts)
Part I · Summary $258,800 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $162,610$258,800
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $162,610$258,800
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 $160,266$244,410
I-18 Total expensesPrior year $160,266$244,410
I-19 Revenue less expensesPrior year $2,344$14,390
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $258,800 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $258,800$258,800
VIII-12 Total revenueRelated to mission $258,800 · Unrelated business $0 · Excluded from tax $0$258,800
Part IX · Statement of functional expenses $244,410 across 5 lines filed
IX-11b Legal feesPrograms $230$230
IX-11c Accounting feesPrograms $19,921$19,921
IX-16 OccupancyPrograms $191,259$191,259
IX-22 Depreciation, depletion and amortizationPrograms $30,380$30,380
IX-23 InsurancePrograms $2,620$2,620
IX-25 Total functional expensesPrograms $244,410 · Management $0 · Fundraising $0$244,410
Part X · Balance sheet $1,108,916 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $0$44,770
X-10c Land, buildings and equipment, netStart of year $1,094,526$1,064,146
X-16 Total assetsStart of year $1,094,526$1,108,916
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,094,526$1,108,916
X-33 Total liabilities and net assetsStart of year $1,094,526$1,108,916
Part XI · Reconciliation of net assets $1,108,916 net assets at year end
XI-1 Total revenue$258,800
XI-2 Total expenses$244,410
XI-3 Revenue less expenses$14,390
XI-4 Net assets at start of year$1,094,526
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,108,916

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

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