Civic Intelligence

Iota Foundation C/O Pisenti & Brinker LLP

990EZ • Fiscal year 2023 • EIN 20-1194576

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 01, 2024

201 First Street 208Petaluma, CA 94952

(707) 762-9900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

100th percentile

7128%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

33rd percentile

-8.7%

Faster asset growth than 33% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Down

$401,884

Down $38,491 (-8.7%) from 2022

Net Assets

Down

$401,884

Down $38,491 (-8.7%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

-$540

Down $27,104 (-102%) from 2022

Expenses

Up

$37,951

Up $14,596 (+62%) from 2022

Net Income

Down

-$38,491

Down $41,700 (-1299%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $936,336Liabilities 2010: $0Net Assets 2010: $936,3362010Assets 2011: $580,212Liabilities 2011: $0Net Assets 2011: $580,2122011Assets 2012: $531,648Liabilities 2012: $0Net Assets 2012: $531,6482012Assets 2013: $450,939Liabilities 2013: $0Net Assets 2013: $450,9392013Assets 2014: $448,318Liabilities 2014: $0Net Assets 2014: $448,3182014Assets 2015: $395,713Liabilities 2015: $0Net Assets 2015: $395,7132015Assets 2016: $394,017Liabilities 2016: $0Net Assets 2016: $394,0172016Assets 2017: $392,572Liabilities 2017: $0Net Assets 2017: $392,5722017Assets 2018: $292,352Liabilities 2018: $0Net Assets 2018: $292,3522018Assets 2021: $437,166Liabilities 2021: $0Net Assets 2021: $437,1662021Assets 2022: $440,375Liabilities 2022: $0Net Assets 2022: $440,3752022Assets 2023: $401,884Liabilities 2023: $0Net Assets 2023: $401,8842023Assets 2024: $409,704Liabilities 2024: $0Net Assets 2024: $409,7042024

Highlighted filing

2023

Assets$401,884
Liabilities$0
Net Assets$401,884

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KExpenses 2010: $35,4202010Expenses 2011: $378,6432011Expenses 2012: $53,0382012Revenue 2013: $10,374Expenses 2013: $91,083Net Income 2013: -$80,7092013Revenue 2014: $7,527Expenses 2014: $10,148Net Income 2014: -$2,6212014Revenue 2015: $3,720Expenses 2015: $56,325Net Income 2015: -$52,6052015Revenue 2016: $4,490Expenses 2016: $6,186Net Income 2016: -$1,6962016Revenue 2017: $511Expenses 2017: $1,956Net Income 2017: -$1,4452017Revenue 2018: $1,317Expenses 2018: $101,537Net Income 2018: -$100,2202018Revenue 2021: $40,792Expenses 2021: $1,827Net Income 2021: $38,9652021Revenue 2022: $26,564Expenses 2022: $23,355Net Income 2022: $3,2092022Revenue 2023: -$540Expenses 2023: $37,951Net Income 2023: -$38,4912023Revenue 2024: $133,270Expenses 2024: $125,450Net Income 2024: $7,8202024

Highlighted filing

2023

Revenue-$540
Expenses$37,951
Net Income-$38,491
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 1, 2024
Return Version
2023v5.1
Gross Receipts
$153,818
Mission and Program Overview

Mission

The Iota Foundation's mission is to (a) support the educational and charitable programs and activities of the Iota Chapter of Zeta Psi Fraternity (the "Fraternity") at the University of California, Berkeley (Berkeley); (b) promote and further academic excellence at Berkeley; (c) provide academic scholarships and support to qualified needy and deserving individuals; (d) conduct and support the charitable and other community service programs and projects of the Fraternity and Berkeley; and (e) performing such other activities as are consistent with its exempt purposes.

Program Services

DescriptionGrantsExpenses
SUPPORT OF THE ZETA PSI FRATERNITY AT THE UNIVERSITY OF CALIFORNIA, BERKELEY$34,000$3,951
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAN MEADETrustee-$0--
ROB GIBBONSTrustee-$0--
RAY POUNDSTreasurer-$0--
SAM SKINNERSecretary-$0--
MATT TUNNEYPresident-$0--
MIKE MAECHLINGVice-President-$0--
Filing and Contact Details

Filer

Filer Name
Iota Foundation
EIN
20-1194576
Phone
7077629900
Address
201 FIRST STREET 208, PETALUMA, CA 94952

Signing Officer

Name
Matt Tunney
Title
President
Phone
7077629900
Signed
2024-11-01
Discuss with paid preparer
Yes

Preparer

Firm
Pisenti & Brinker Llp
Address
201 FIRST STREET SUITE 208, PETALUMA, CA 94952
Preparer
Alicia Cerruti
Phone
7077629900
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 81. Description: dividend income. Amount: 17,351. Total included on form 990-ez, line 4: 17,432.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: scholarships. Grantee name: various. Property description: cash. Amount given: 9,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: grants. Grantee name: zeta psi alumni association. Grantee address: po box 746 ross, ca 94957. Property description: cash. Amount given: 25,000. Total included on form 990-ez, line 10: 34,000.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: state taxes. Amount: 25. Description: office expense. Amount: 9. Description: admin expense. Amount: 483. Total to form 990-ez, line 16: 517.

Form 990-ez, Part II, Line 24 - Other Assets

Description: pledges receivables. Beg. Of year amount: 20,250. End of year amount: 20,250. Description: due from zeta psi alumni association. Beg. Of year amount: 75,000. End of year amount: 90,000. Description: schwab brokerage. Beg. Of year amount: 334,396. End of year amount: 285,811.

Raw XML Appendix176 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PETALUMA
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0401884
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAN MEADE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ROB GIBBONS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RAY POUNDS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SAM SKINNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MATT TUNNEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MIKE MAECHLING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5VICE-PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0429646
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0396061
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0517
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE IOTA FOUNDATION'S MISSION IS TO (A) SUPPORT THE EDUCATIONAL AND CHARITABLE PROGRAMS AND ACTIVITIES OF THE IOTA CHAPTER OF ZETA PSI FRATERNITY (THE "FRATERNITY") AT THE UNIVERSITY OF CALIFORNIA, BERKELEY (BERKELEY); (B) PROMOTE AND FURTHER ACADEMIC EXCELLENCE AT BERKELEY; (C) PROVIDE ACADEMIC SCHOLARSHIPS AND SUPPORT TO QUALIFIED NEEDY AND DESERVING INDIVIDUALS; (D) CONDUCT AND SUPPORT THE CHARITABLE AND OTHER COMMUNITY SERVICE PROGRAMS AND PROJECTS OF THE FRATERNITY AND BERKELEY; AND (E) PERFORMING SUCH OTHER ACTIVITIES AS ARE CONSISTENT WITH ITS EXEMPT PURPOSES.
IRS990EZ/PrintingPublicationsPostageAmt020
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TanningServicesProvidedInd00
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IRS990EZ/WebsiteAddressTxt0WWW.IOTAFOUNDATION.COM
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt016550
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01077
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 81. DESCRIPTION: DIVIDEND INCOME. AMOUNT: 17,351. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 17,432.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: VARIOUS. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 9,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: GRANTS. GRANTEE NAME: ZETA PSI ALUMNI ASSOCIATION. GRANTEE ADDRESS: PO BOX 746 ROSS, CA 94957. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 25,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 34,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: STATE TAXES. AMOUNT: 25. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 9. DESCRIPTION: ADMIN EXPENSE. AMOUNT: 483. TOTAL TO FORM 990-EZ, LINE 16: 517.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: PLEDGES RECEIVABLES. BEG. OF YEAR AMOUNT: 20,250. END OF YEAR AMOUNT: 20,250. DESCRIPTION: DUE FROM ZETA PSI ALUMNI ASSOCIATION. BEG. OF YEAR AMOUNT: 75,000. END OF YEAR AMOUNT: 90,000. DESCRIPTION: SCHWAB BROKERAGE. BEG. OF YEAR AMOUNT: 334,396. END OF YEAR AMOUNT: 285,811.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MATT TUNNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07077629900
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-01
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ReturnHeader/Filer/EIN0201194576
ReturnHeader/Filer/PhoneNum07077629900
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PISENTI & BRINKER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 FIRST STREET SUITE 208
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ReturnHeader/PreparerPersonGrp/PhoneNum07077629900
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALICIA CERRUTI
ReturnHeader/ReturnTs02024-11-07T11:57:38-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.10$0.00$4.10$1.33$1.25$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.02$0.00$4.02$0.01$0.38$0.38
2022Detailed filing. Detailed filing data is available for this year.$4.40$0.00$4.40$0.27$0.23$0.03
2021Detailed filing. Detailed filing data is available for this year.$4.37$0.00$4.37$0.41$0.02$0.39
2018Detailed filing. Detailed filing data is available for this year.$2.92$0.00$2.92$0.01$1.02$1.00
2017Detailed filing. Detailed filing data is available for this year.$3.93$0.00$3.93$0.01$0.02$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.94$0.00$3.94$0.04$0.06$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.96$0.00$3.96$0.04$0.56$0.53
2014Detailed filing. Detailed filing data is available for this year.$4.48$0.00$4.48$0.08$0.10$0.03
2013Detailed filing. Detailed filing data is available for this year.$4.51$0.00$4.51$0.10$0.91$0.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.32$0.00$5.32$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$0.00$5.80$3.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.36$0.00$9.36$0.35