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Theta Chi Fraternity INC FY2021 filing

Not tax-deductible

Corvallis, OR501(c)(7)Mutual / membership EIN 93-0295897Revenue $141K in FY2021

On file with the IRSoregonstate.edu/groups/thetachi361 Nw 26th St, 97330-5420 · Corvallis, ORTax-exempt since Dec 1940

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Theta Chi Fraternity provides lower cost room and board for full time students who are members, while the students are attending oregon state university. The fees charged to the member are based on the expected costs of operating the housing unit as well as various campus and social activities.

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

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
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
1 of 5
filings with a surplus
Average deficit $8K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$884
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$141K
-28% vs prior year
Spent
$138K
Net assets
$2K
By yearFY2020–FY2025
Revenue
$141K
FY2021▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$196K
FY2021$141K
FY2022$198K
FY2023$212K
FY2024$220K
FY2025$155K
Expenses
$138K
FY2021▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2020$216K
FY2021$138K
FY2022Not on file
FY2023$223K
FY2024$228K
FY2025$158K
Net assets
$2K
FY2021▲ ×29
Tap a bar for its year
Net assets by fiscal year
FY2020−$90
FY2021$2K
FY2022$6K
FY2023−$5K
FY2024−$13K
FY2025−$16K

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 Dec 1940.

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

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Brandon Yang
President
$0Pt VII · Sec A
Jonah Byeman
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Connor Merrell
VP Health and Safety
$0Pt VII · Sec A
Christopher Courion
VP Recruitment Programming
$0Pt VII · Sec A
$0Pt VII · Sec A
Ashden Mace
Scholarship
$0Pt VII · Sec A
See Theta Chi Fraternity INC 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

Provides affordable housing and meals for students attending Oregon State University.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Providing room and board for students.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Theta Chi Alumni Association SigmaFY2021$17K
Total grants receivedfrom 1 funder$17K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$141K
Ln 12
Fees for servicesLn 2g$131K
Other incomeLn 4–11$6K
Gifts and grantsLn 1h$3K
Money outPt IX
$138K
Ln 25
Owns and owesPt X
$2K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$3K
LiabilitiesLn 26$884
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$131K
Other incomeLn 4–11$6K
Total revenueLn 12$141K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$3K
LiabilitiesLn 26$884
Net assetsLn 32$2K
OperationsPt I, VI
EmployeesI 50
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$2K$3K
Land, buildings, equipmentLn 10c$107$0
Total assetsLn 16$2K$3K
LiabilitiesLn 26$2K$884
Net assetsLn 32−$90$2K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3K
Payroll taxesLn 10$309
Accounting feesLn 11c$2K
Office expensesLn 13$16
OccupancyLn 16$118K
Depreciation, depletion and amortizationLn 22$107
Other expenses (24a–d)Ln 24$15K
All other expensesLn 24e$11
Total functional expensesLn 25$138K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $155K$158K−$3K−$16K 990 PDF
FY2024 $220K$228K−$8K−$13K 990 PDF
FY2023 $212K$223K−$11K−$5K 990 PDF
FY2022 $198K$6K 990 PDF
FY2021 Viewing $141K$138K$3K$2K 990 PDF
FY2020 $196K$216K−$20K−$90 990 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 $140,680 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$3,330
I-9 Program service revenuePrior year $195,931$130,937
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$6,413
I-12 Total revenuePrior year $195,931$140,680
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 $51,770$3,344
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $163,799$134,807
I-18 Total expensesPrior year $215,569$138,151
I-19 Revenue less expensesPrior year −$19,638$2,529
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $140,680 across 5 lines filed
VIII-1b Membership dues$3,330
VIII-1h Total contributions, gifts and grants$3,330
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $130,937$130,937
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,413$6,413
VIII-12 Total revenueRelated to mission $137,350 · Unrelated business $0 · Excluded from tax $0$140,680
Part IX · Statement of functional expenses $138,151 across 8 lines filed
IX-7 Other salaries and wages$3,035
IX-10 Payroll taxes$309
IX-11c Accounting fees$2,156
IX-13 Office expenses$16
IX-16 Occupancy$117,642
IX-22 Depreciation, depletion and amortization$107
IX-24 Other expenses (24a–d)$14,875
IX-24e All other expenses$11
IX-25 Total functional expenses$138,151
Part X · Balance sheet $3,323 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,606$3,323
X-10c Land, buildings and equipment, netStart of year $107$0
X-16 Total assetsStart of year $1,713$3,323
X-17 Accounts payable and accrued expensesStart of year $1,803$884
X-26 Total liabilitiesStart of year $1,803$884
X-32 Total net assets or fund balancesStart of year −$90$2,439
X-33 Total liabilities and net assetsStart of year $1,713$3,323
Part XI · Reconciliation of net assets $2,439 net assets at year end
XI-1 Total revenue$140,680
XI-2 Total expenses$138,151
XI-3 Revenue less expenses$2,529
XI-4 Net assets at start of year−$90
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,439

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

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