Theta Building Association FY2022 filing

State College, PAUnknown exempt organization EIN 83-2541113Revenue $286K in FY2022

On file with the IRSPo Box 937 · State College, PA

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Provide housing to members of Theta Chapter of Sigma Pi Fraternity

87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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 $38K a year · 12% 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$476K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$286K
+7% vs prior year
Spent
$256K
To programs
87%
Net assets
$823K
By yearFY2021–FY2025
Revenue
$286K
FY2022▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2021$267K
FY2022$286K
FY2023$342K
FY2024$319K
FY2025$367K
Expenses
$256K
FY2022▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2021$223K
FY2022$256K
FY2023$309K
FY2024$290K
FY2025$314K
Net assets
$823K
FY2022▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$794K
FY2022$823K
FY2023$859K
FY2024$873K
FY2025$944K

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $222K Fundraising 2% · $6K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Open
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Theta Building Association 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 to members of the Theta Chapter of Sigma Pi Fraternity.

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1 program · in their own filed words · FY2021
01

Sigma Pi Open, golf tornament Fanconia Anemia Contribution $1510

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$286K
Ln 12
Gifts and grantsLn 1h$286K
Money outPt IX
$256K
Ln 25
Programscol B$222K
Fundraisingcol D$6K
Owns and owesPt X
$823K
net assets · Ln 32
Cash and savingsLn 1–2$156K
Total assetsLn 16$1.3M
LiabilitiesLn 26$476K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$286K
Fundraising eventsLn 1c$2K
Total revenueLn 12$286K
Assets in detailPt X, end of year
CashLn 1$156K
Cash and savings togetherLn 1–2$156K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$476K
Net assetsLn 32$823K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
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 FY22End FY22
Cash and savingsLn 1–2$153K$156K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$492K$476K
Net assetsLn 32$794K$823K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$7K$7K$0$0
Accounting feesLn 11c$9K$9K$0$0
Professional fundraising feesLn 11e$6K$6K
OccupancyLn 16$141K$141K$0$0
InterestLn 20$20K$20K$0$0
Depreciation, depletion and amortizationLn 22$29K$798$0$0
InsuranceLn 23$21K$21K$0$0
Other expenses (24a–d)Ln 24$22K$22K$0$0
Total functional expensesLn 25$256K$222K$0$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $367K$314K$54K$944K 990 PDF
FY2024 $319K$290K$29K$873K 990 PDF
FY2023 $342K$309K$32K$859K 990 PDF
FY2022 Viewing $286K$256K$29K$823K 990 PDF
FY2021 $267K$223K$44K$794K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $285,611 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $267,475$285,611
I-9 Program service revenuePrior year $0$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $267,475$285,611
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 feesPrior year $6,000$6,000
I-17 Other expensesPrior year $217,053$250,212
I-18 Total expensesPrior year $223,053$256,212
I-19 Revenue less expensesPrior year $44,422$29,399
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $285,611 across 4 lines filed
VIII-1b Membership dues$284,101
VIII-1c Fundraising events$1,510
VIII-1h Total contributions, gifts and grants$285,611
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$285,611
Part IX · Statement of functional expenses $256,212 across 8 lines filed
IX-11a Management feesPrograms $7,040 · Management $0 · Fundraising $0$7,040
IX-11c Accounting feesPrograms $9,325 · Management $0 · Fundraising $0$9,325
IX-11e Professional fundraising feesFundraising $6,000$6,000
IX-16 OccupancyPrograms $140,610 · Management $0 · Fundraising $0$140,610
IX-20 InterestPrograms $20,219 · Management $0 · Fundraising $0$20,219
IX-22 Depreciation, depletion and amortizationPrograms $798 · Management $0 · Fundraising $0$29,319
IX-23 InsurancePrograms $21,286 · Management $0 · Fundraising $0$21,286
IX-24 Other expenses (24a–d)Programs $22,413 · Management $0 · Fundraising $0$22,413
IX-25 Total functional expensesPrograms $221,691 · Management $0 · Fundraising $6,000$256,212
Part X · Balance sheet $1,299,662 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $153,007$155,683
X-4 Accounts receivableStart of year $24,283$24,904
X-9 Prepaid expenses and deferred chargesStart of year $0$15,000
X-10c Land, buildings and equipment, netStart of year $1,107,913$1,104,075
X-16 Total assetsStart of year $1,285,203$1,299,662
X-17 Accounts payable and accrued expensesStart of year $21,628$27,689
X-19 Deferred revenueStart of year $8,802$8,992
X-26 Total liabilitiesStart of year $491,595$476,484
X-32 Total net assets or fund balancesStart of year $793,608$823,178
X-33 Total liabilities and net assetsStart of year $1,285,203$1,299,662
Part XI · Reconciliation of net assets $823,178 net assets at year end
XI-1 Total revenue$285,611
XI-2 Total expenses$256,212
XI-3 Revenue less expenses$29,399
XI-4 Net assets at start of year$793,608
XI-9 Other changes in net assets$171
XI-10 Net assets at end of year$823,178

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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