Theta Building Association: FY2023 Nonprofit Profile & Form 990 (EIN 83-2541113)

Revenue by fiscal year
FY2021	$267K
FY2022	$286K
FY2023	$342K
FY2024	$319K
FY2025	$367K

Expenses by fiscal year
FY2021	$223K
FY2022	$256K
FY2023	$309K
FY2024	$290K
FY2025	$314K

Net assets by fiscal year
FY2021	$794K
FY2022	$823K
FY2023	$859K
FY2024	$873K
FY2025	$944K

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

88 cents of each dollar spent went to programs.

88%

Program services 88% · $271K Fundraising 2% · $5K

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 (FY2022); the FY2023 filing did not itemize Part VII

Thomas Kellagher

President

$0Pt VII · Sec A

Lee Connolly

Alumni Relations

$0Pt VII · Sec A

Phillip Simmons

Herald

$0Pt VII · Sec A

Thomas Wittig

Vice-President

$0Pt VII · Sec A

Greg Petrowski

Treasurer

$0Pt VII · Sec A

William Popovich

Secretary

$0Pt VII · Sec A

Paul Olson

Theta Chapter President

$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 · FY2022

01

Sigma Pi Open, golf tornament Fanconia Anemia Contribution $1510

Pt IX · col B

By the numbers

The FY2023 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$342K

Ln 12

Gifts and grantsLn 1h$342K

Money outPt IX

$309K

Ln 25

Programscol B$271K

Fundraisingcol D$5K

Owns and owesPt X

$859K

net assets · Ln 32

Cash and savingsLn 1–2$210K

Total assetsLn 16$1.3M

LiabilitiesLn 26$486K

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$342K

Fundraising eventsLn 1c$2K

Total revenueLn 12$342K

Assets in detailPt X, end of year

CashLn 1$210K

Cash and savings togetherLn 1–2$210K

Land, buildings, equipmentLn 10c$1.1M

Total assetsLn 16$1.3M

LiabilitiesLn 26$486K

Net assetsLn 32$859K

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$156K	$210K
Land, buildings, equipmentLn 10c	$1.1M	$1.1M
Total assetsLn 16	$1.3M	$1.3M
LiabilitiesLn 26	$476K	$486K
Net assetsLn 32	$823K	$859K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$9K	$9K	$0	$0
Accounting feesLn 11c	$12K	$12K	$0	$0
Professional fundraising feesLn 11e	$5K			$5K
OccupancyLn 16	$161K	$161K	$0	$0
InterestLn 20	$34K	$34K	$0	$0
Depreciation, depletion and amortizationLn 22	$35K	$798	$0	$0
InsuranceLn 23	$31K	$31K	$0	$0
Other expenses (24a–d)Ln 24	$23K	$23K	$0	$0
Total functional expensesLn 25	$309K	$271K	$0	$5K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$367K	$314K	$54K	$944K	990 PDF
FY2024	$319K	$290K	$29K	$873K	990 PDF
FY2023 Viewing	$342K	$309K	$32K	$859K	990 PDF
FY2022	$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 FY2023 990 (6 parts)

Part I · Summary $341,524 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $285,611$341,524

I-9 Program service revenuePrior year $0$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $285,611$341,524

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$4,650

I-17 Other expensesPrior year $250,212$304,811

I-18 Total expensesPrior year $256,212$309,461

I-19 Revenue less expensesPrior year $29,399$32,063

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 $341,524 across 4 lines filed

VIII-1b Membership dues$339,524

VIII-1c Fundraising events$2,000

VIII-1h Total contributions, gifts and grants$341,524

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$341,524

Part IX · Statement of functional expenses $309,461 across 8 lines filed

IX-11a Management feesPrograms $8,715 · Management $0 · Fundraising $0$8,715

IX-11c Accounting feesPrograms $12,080 · Management $0 · Fundraising $0$12,080

IX-11e Professional fundraising feesFundraising $4,650$4,650

IX-16 OccupancyPrograms $161,240 · Management $0 · Fundraising $0$161,240

IX-20 InterestPrograms $34,467 · Management $0 · Fundraising $0$34,467

IX-22 Depreciation, depletion and amortizationPrograms $798 · Management $0 · Fundraising $0$34,676

IX-23 InsurancePrograms $30,575 · Management $0 · Fundraising $0$30,575

IX-24 Other expenses (24a–d)Programs $23,058 · Management $0 · Fundraising $0$23,058

IX-25 Total functional expensesPrograms $270,933 · Management $0 · Fundraising $4,650$309,461

Part X · Balance sheet $1,345,354 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $155,683$209,858

X-4 Accounts receivableStart of year $24,904$10,362

X-10c Land, buildings and equipment, netStart of year $1,104,075$1,125,134

X-16 Total assetsStart of year $1,299,662$1,345,354

X-17 Accounts payable and accrued expensesStart of year $27,689$27,951

X-19 Deferred revenueStart of year $8,992$35,562

X-26 Total liabilitiesStart of year $476,484$486,025

X-32 Total net assets or fund balancesStart of year $823,178$859,329

X-33 Total liabilities and net assetsStart of year $1,299,662$1,345,354

Part XI · Reconciliation of net assets $859,329 net assets at year end

XI-1 Total revenue$341,524

XI-2 Total expenses$309,461

XI-3 Revenue less expenses$32,063

XI-4 Net assets at start of year$823,178

XI-9 Other changes in net assets$4,088

XI-10 Net assets at end of year$859,329

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Theta Building Association FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Theta Building Association

By the numbers

Filing history

Schedules filed Part IV