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Tau Sigma INC FY2021 filing

Tax-deductible

Auburn, AL501(c)(3)Since 1999EducationEIN 63-1235903Revenue $576K in FY2021

On file with the IRSauburn.edu/tausigma145 E Magnolia Ave Ste 201, 36830-0149 · Auburn, ALTax-exempt since Mar 2000Publicly supported — 509(a)(2)

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Tau Sigma is an academic honor society designed specifically to recognize and promote the academic excellence and involvement of transfer students.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$73K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
5 of 5
filings with a surplus
Average surplus $52K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$73K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
25 mo
of spending, in cash
Looks good: 25.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$150K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$576K
Spent
$477K
To programs
95%
Net assets
$843K
By yearFY2021–FY2025
Revenue
$576K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$576K
FY2022$524K
FY2023$499K
FY2024$473K
FY2025$530K
Expenses
$477K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$477K
FY2022$431K
FY2023$483K
FY2024$446K
FY2025$508K
Net assets
$843K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$843K
FY2022$937K
FY2023$952K
FY2024$979K
FY2025$1.0M

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

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You’re viewing the FY2021 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 Mar 2000.

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% · $451K Management & general 5% · $26K

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

6 people listed on the 990; $73K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Lee Colquitt
Exec Dir/Sec/Treas
$73,475Pt VII · Sec A
Norman Godwin
President
$0Pt VII · Sec A
Peter Baljet
Vice President
$0Pt VII · Sec A
Terry McCarthy
Board Member
$0Pt VII · Sec A
Jon Waggoner
Board Member
$0Pt VII · Sec A
Sean Thomas
Board Member
$0Pt VII · Sec A

Lee Colquitt’s $73K as Exec Dir/Sec/Treas is at the 65th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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

Recognizes and promotes academic excellence and involvement for transfer students.

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Provided by the organization

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1 program · $451K · in their own filed words · FY2020
01

Recognizing and promoting academic achievement for transfer students.

$451Kprogram expense

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 · 4 grants · $400K · 2020–2023
Unitemized GrantFY2023$100,000
Unitemized GrantFY2022$100,000
Unitemized GrantFY2021$100,000
Unitemized GrantFY2020$100,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$576K
Ln 12
Fees for servicesLn 2g$509K
Other incomeLn 4–11$66K
Investment incomeLn 3$487
Money outPt IX
$477K
Ln 25
Programscol B$451K
Managementcol C$26K
Owns and owesPt X
$843K
net assets · Ln 32
Cash and savingsLn 1–2$993K
Total assetsLn 16$993K
LiabilitiesLn 26$150K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$509K
Investment incomeLn 3$487
Other incomeLn 4–11$66K
Total revenueLn 12$576K
Assets in detailPt X, end of year
CashLn 1$789K
SavingsLn 2$204K
Cash and savings togetherLn 1–2$993K
Total assetsLn 16$993K
LiabilitiesLn 26$150K
Net assetsLn 32$843K
OperationsPt I, VI
EmployeesI 53
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 FY21End FY21
Cash and savingsLn 1–2$868K$993K
Total assetsLn 16$868K$993K
LiabilitiesLn 26$124K$150K
Net assetsLn 32$744K$843K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$100K$100K
Pay of current officers, directors and key staffLn 5$73K$73K
Other salaries and wagesLn 7$46K$46K
Payroll taxesLn 10$9K$9K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$13K$13K
OccupancyLn 16$21K$21K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$195K$195K
All other expensesLn 24e$13K$11K$2K
Total functional expensesLn 25$477K$451K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $530K$508K$23K$1.0M 990 PDF
FY2024 $473K$446K$27K$979K 990 PDF
FY2023 $499K$483K$16K$952K 990 PDF
FY2022 $524K$431K$93K$937K 990 PDF
FY2021 Viewing $576K$477K$99K$843K 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 $575,533 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $502,070$508,730
I-10 Investment incomePrior year $4,894$487
I-11 Other revenuePrior year $32,097$66,316
I-12 Total revenuePrior year $539,061$575,533
I-13 Grants and similar amounts paidPrior year $100,000$100,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $127,852$128,431
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $300,445$248,115
I-18 Total expensesPrior year $528,297$476,546
I-19 Revenue less expensesPrior year $10,764$98,987
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $575,533 across 3 lines filed
Lines not itemized here account for $66,316 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $508,730$508,730
VIII-3 Investment incomeExcluded from tax $487$487
VIII-12 Total revenueRelated to mission $575,046 · Unrelated business $0 · Excluded from tax $487$575,533
Part IX · Statement of functional expenses $476,546 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $100,000$100,000
IX-5 Pay of current officers, directors and key staffPrograms $73,475$73,475
IX-7 Other salaries and wagesPrograms $45,829$45,829
IX-10 Payroll taxesPrograms $9,127$9,127
IX-11c Accounting feesManagement $1,000$1,000
IX-12 Advertising and promotionPrograms $4,200$4,200
IX-13 Office expensesPrograms $13,004$13,004
IX-16 OccupancyManagement $20,609$20,609
IX-23 InsuranceManagement $1,630$1,630
IX-24 Other expenses (24a–d)Programs $194,613$194,613
IX-24e All other expensesPrograms $10,596 · Management $2,463$13,059
IX-25 Total functional expensesPrograms $450,844 · Management $25,702 · Fundraising $0$476,546
Part X · Balance sheet $993,179 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $664,480$789,169
X-2 Savings and temporary cash investmentsStart of year $203,806$204,010
X-16 Total assetsStart of year $868,286$993,179
X-17 Accounts payable and accrued expensesStart of year $12,181$38,169
X-25 Other liabilitiesStart of year $111,843$111,761
X-26 Total liabilitiesStart of year $124,024$149,930
X-32 Total net assets or fund balancesStart of year $744,262$843,249
X-33 Total liabilities and net assetsStart of year $868,286$993,179
Part XI · Reconciliation of net assets $843,249 net assets at year end
XI-1 Total revenue$575,533
XI-2 Total expenses$476,546
XI-3 Revenue less expenses$98,987
XI-4 Net assets at start of year$744,262
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$843,249

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

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