Alpha Beta Chapter FY2024 filing

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Local Chapter of a national collegiate social fraternity.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 63-0289642) · Dispute this line
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

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $10K a year · 0.5% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
0.9 mo
of spending, in cash
0.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$50K
27% of total assets
Liabilities are 27% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.1M
+3% vs prior year
Spent
$2.2M
To programs
0%
Net assets
$132K
By yearFY2021–FY2025
Revenue
$2.1M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.8M
FY2022$2.0M
FY2023$2.0M
FY2024$2.1M
FY2025$2.1M
Expenses
$2.2M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.6M
FY2022$2.0M
FY2023$2.1M
FY2024$2.2M
FY2025$2.1M
Net assets
$132K
FY2024▼ -39%
Tap a bar for its year
Net assets by fiscal year
FY2021$307K
FY2022$278K
FY2023$215K
FY2024$132K
FY2025$61K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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 0000.

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Sargeant at
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Parliamentar
$0Pt VII · Sec A
Historian
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Corres.secre
$0Pt VII · Sec A
Marshall
$0Pt VII · Sec A
Recording Se
$0Pt VII · Sec A
See Alpha Beta Chapter executive salaries →

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

Promotes brotherhood and leadership among college men through service and social activities.

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2 programs · in their own filed words · FY2023
01

Chapter Activities

Provided chapter programming for members of undergraduate chapter of national collegiate social fraternity.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 63-0289642) · Dispute this line
Pt IX · Ln 25 · col B
02

House Management

Provided meals and housing for members of undergraduate chapter of national collegiate social fraternity.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 63-0289642) · Dispute this line
Pt IX · Ln 25 · 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 · $7K · 2021–2021
The Independence Fund INCNC · FY2021$6,861

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$24
Money outPt IX
$2.2M
Ln 25
Owns and owesPt X
$132K
net assets · Ln 32
Cash and savingsLn 1–2$172K
Total assetsLn 16$181K
LiabilitiesLn 26$50K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$24
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
SavingsLn 2$172K
Cash and savings togetherLn 1–2$172K
Accounts receivableLn 4$10K
Total assetsLn 16$181K
LiabilitiesLn 26$50K
Net assetsLn 32$132K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY24End FY24
Cash and savingsLn 1–2$63K$172K
Total assetsLn 16$267K$181K
LiabilitiesLn 26$53K$50K
Net assetsLn 32$215K$132K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K
Other employee benefitsLn 9$5K
Management feesLn 11a$18K
Accounting feesLn 11c$36K
Office expensesLn 13$860
OccupancyLn 16$846K
Conferences, conventions and meetingsLn 19$2K
Other expenses (24a–d)Ln 24$987K
All other expensesLn 24e$286K
Total functional expensesLn 25$2.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 28, 2025 $2.1M$2.1M−$71K$61K 990 PDF
FY2024 ViewingFiled with the IRS Oct 2, 2024 $2.1M$2.2M−$83K$132K 990 PDF
FY2023Filed with the IRS Nov 2, 2023 $2.0M$2.1M−$64K$215K 990 PDF
FY2022Filed with the IRS Oct 27, 2022 $2.0M$2.0M−$29K$278K 990 PDF
FY2021Filed with the IRS Aug 31, 2021 $1.8M$1.6M$197K$307K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $2,099,957 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,434$0
I-9 Program service revenuePrior year $2,027,466$2,099,933
I-10 Investment incomePrior year $20$24
I-11 Other revenue$0
I-12 Total revenuePrior year $2,030,920$2,099,957
I-13 Grants and similar amounts paidPrior year $600$1,200
I-14 Benefits paid to members$0
I-15 Salaries and benefits$4,957
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,093,859$2,176,853
I-18 Total expensesPrior year $2,094,459$2,183,010
I-19 Revenue less expensesPrior year −$63,539−$83,053
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $2,099,957 across 3 lines filed
Lines not itemized here account for $158,055 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,941,878$1,941,878
VIII-3 Investment incomeRelated to mission $24$24
VIII-12 Total revenueRelated to mission $2,099,957$2,099,957
Part IX · Statement of functional expenses $2,183,010 across 9 lines filed
IX-1 Grants to domestic organizations$1,200
IX-9 Other employee benefits$4,957
IX-11a Management fees$18,050
IX-11c Accounting fees$36,448
IX-13 Office expenses$860
IX-16 Occupancy$846,438
IX-19 Conferences, conventions and meetings$2,393
IX-24 Other expenses (24a–d)$986,828
IX-24e All other expenses$285,836
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,183,010
Part X · Balance sheet $181,256 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $62,726$171,713
X-4 Accounts receivableStart of year $204,773$9,543
X-16 Total assetsStart of year $267,499$181,256
X-17 Accounts payable and accrued expensesStart of year $52,770$49,580
X-26 Total liabilitiesStart of year $52,770$49,580
X-31 Retained earnings or endowmentStart of year $214,729$131,676
X-32 Total net assets or fund balancesStart of year $214,729$131,676
X-33 Total liabilities and net assetsStart of year $267,499$181,256
Part XI · Reconciliation of net assets $131,676 net assets at year end
XI-1 Total revenue$2,099,957
XI-2 Total expenses$2,183,010
XI-3 Revenue less expenses−$83,053
XI-4 Net assets at start of year$214,729
XI-10 Net assets at end of year$131,676

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

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