Civic Intelligence

Theta Chi Fraternity Iota Omega Chapter

990 • Fiscal year 2012 • EIN 21-0577978

Jul 01, 2011 to Jun 30, 2012 • Filed on Apr 16, 2013

3330 Founders Road46268-1333
Siviq Scores

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

Liabilities / Assets

26th percentile

0.08x

Higher debt load relative to assets than 26% of similar nonprofits.

2012 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

87th percentile

12%

Faster asset growth than 87% of similar nonprofits.

2012 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$4,140,503

Up $447,699 (+12%) from 2011

Net Assets

Up

$3,822,622

Up $278,960 (+7.9%) from 2011

Liabilities

Up

$317,881

Up $168,739 (+113%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,448,686

Up $132,010 (+5.7%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $3,378,339Liabilities 2010: $229,239Net Assets 2010: $3,149,1002010Assets 2011: $3,692,804Liabilities 2011: $149,142Net Assets 2011: $3,543,6622011Assets 2012: $4,140,503Liabilities 2012: $317,881Net Assets 2012: $3,822,6222012Assets 2013: $4,225,417Liabilities 2013: $304,679Net Assets 2013: $3,920,7382013Assets 2014: $6,876,988Liabilities 2014: $2,741,852Net Assets 2014: $4,135,1362014Assets 2015: $6,591,653Liabilities 2015: $2,252,753Net Assets 2015: $4,338,9002015Assets 2016: $6,792,705Liabilities 2016: $2,346,551Net Assets 2016: $4,446,1542016Assets 2017: $6,852,956Liabilities 2017: $2,101,209Net Assets 2017: $4,751,7472017Assets 2018: $7,442,663Liabilities 2018: $2,513,826Net Assets 2018: $4,928,8372018Assets 2019: $7,884,499Liabilities 2019: $2,372,322Net Assets 2019: $5,512,1772019Assets 2020: $8,100,718Liabilities 2020: $2,404,829Net Assets 2020: $5,695,8892020Assets 2021: $7,978,485Liabilities 2021: $2,425,050Net Assets 2021: $5,553,4352021Assets 2022: $2,675,472Liabilities 2022: $1,004,825Net Assets 2022: $1,670,6472022Assets 2023: $1,868,008Liabilities 2023: $1,046,790Net Assets 2023: $821,2182023

Highlighted filing

2012

Assets$4,140,503
Liabilities$317,881
Net Assets$3,822,622

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $2,147,9122010Expenses 2011: $2,316,6762011Expenses 2012: $2,448,6862012Expenses 2013: $3,167,5392013Revenue 2014: $3,712,197Expenses 2014: $3,572,147Net Income 2014: $140,0502014Revenue 2015: $4,256,046Expenses 2015: $3,893,477Net Income 2015: $362,5692015Revenue 2016: $4,095,275Expenses 2016: $3,931,472Net Income 2016: $163,8032016Revenue 2017: $4,533,348Expenses 2017: $4,358,948Net Income 2017: $174,4002017Revenue 2018: $4,640,092Expenses 2018: $4,483,058Net Income 2018: $157,0342018Revenue 2019: $5,698,571Expenses 2019: $5,199,325Net Income 2019: $499,2462019Revenue 2020: $4,920,273Expenses 2020: $4,691,032Net Income 2020: $229,2412020Revenue 2021: $3,961,142Expenses 2021: $4,508,192Net Income 2021: -$547,0502021Revenue 2022: $5,783,656Expenses 2022: $9,661,080Net Income 2022: -$3,877,4242022Revenue 2023: $5,802,095Expenses 2023: $6,651,701Net Income 2023: -$849,6062023

Highlighted filing

2012

Revenue-
Expenses$2,448,686
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Apr 16, 2013
Return Version
2011v1.5
Gross Receipts
$3,064,311
Mission and Program Overview

Mission

See schedule othe purpose of theta chi fraternity, inc., a new york corporation (the "corporation"), shall be to establish, maintain, govern, improve and promote the welfare of a fraternal order to be known as "theta chi fraternity" (the "fraternity"), which shall have for its objects: the mutual benefit and assistance of its members; the binding by closer bonds of its members one to another; the rendition of mutual assistance to its members during life and after their death to their dependents; the assisting of needy but deserving young men to obtain a higher education; the fostering of high scholastic achievement among its members; the extending of true charity to those who need such assistance; the promoting of good citizenship; the training and the developing of civic leaders; and, by all means within its power, the inculcation and the extension throughout the land of the highest ideals of honor, charity, tolerance, and true patriotism.

Major Activities

Activity 2
Deranian presidents conference: education leadership conference providing keynote speakers, breakout educational sessions, and human development. It is a 2 day event and includes leadership development, risk manangement, and management skills.
Activity 3
Mid-year leadership conference: education leadership conference providing keynote speakers, breakout educational sessions, and human development. It is a 2 day event and includes leadership development, risk manangement, and management skills.
Filing and Contact Details

Filer

EIN
21-0577978
Raw XML AppendixShowing 400 of 446 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0PART X, LINE 2: INCOME TAXES: THE FRATERNITY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C) (7) OF THE INTERNAL REVENUE CODE. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME AS NOTED UNDER SECTION 511 OF THE INTERNAL REVENUE CODE. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. INCOME EARNED FROM NON-MEMBERS IS RECOGNIZED AS UNRELATED BUSINESS INCOME TO THE EXTENT SUCH INCOME IS NOT SET ASIDE. INCOME THAT IS PROPERLY SET ASIDE MUST BE USED FOR THE QUALIFYING PURPOSES OUTLINED IN THE SET ASIDE RESOLUTION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FRATERNITY AND RECOGNIZE A TAX LIABILITY IF THE FRATERNITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FRATERNITY, AND HAS CONCLUDED THAT AS OF JUNE 30, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FRATERNITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FRATERNITY HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH JUNE 30, 2011. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS).
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1COST OF GOODS SOLD 11,357.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2COST OF GOODS SOLD 11,357.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier2PART XIII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART X:
IRS990ScheduleD/Land/BookValue0150085
IRS990ScheduleD/Land/OtherCostOrOtherBasis0150085
IRS990ScheduleD/LeaseholdImprovements/BookValue0103561
IRS990ScheduleD/LeaseholdImprovements/Depreciation0117109
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis0220670
IRS990ScheduleD/NetUnrealizedGainsInvestments016725
IRS990ScheduleD/NetUnrealizedGLOnInvestments016725
IRS990ScheduleD/OtherAssets/BookValue0177571
IRS990ScheduleD/OtherAssets/BookValue123387
IRS990ScheduleD/OtherAssets/BookValue2226919
IRS990ScheduleD/OtherAssets/BookValue3144812
IRS990ScheduleD/OtherAssets/Description0DUE FROM NHC
IRS990ScheduleD/OtherAssets/Description1DUE FROM FOUNDATION CHAPTER
IRS990ScheduleD/OtherAssets/Description2INVESTMENT - FRMT
IRS990ScheduleD/OtherAssets/Description3CAPITAL CONTRIBUTION FOR MEMBERSHIP
IRS990ScheduleD/OtherExpensesIncluded011357
IRS990ScheduleD/OtherLiabilities/Amount038805
IRS990ScheduleD/OtherLiabilities/Description0SELF-INSURANCE RETENTION ACCRUAL
IRS990ScheduleD/OtherRevenues011357
IRS990ScheduleD/RevenueNotRptdF990028082
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal02710921
IRS990ScheduleD/TotalAdjustments016725
IRS990ScheduleD/TotalBookValueOtherAssets0572689
IRS990ScheduleD/TotalExpenses02448686
IRS990ScheduleD/TotalExpensesPerForm99002448686
IRS990ScheduleD/TotalOfAmounts038805
IRS990ScheduleD/TotalOfBookValueLandBuildings0459847
IRS990ScheduleD/TotalRevenue02710921
IRS990ScheduleD/TotalRevenuePerForm99002710921
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt02460043
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt02739003
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0THE UNDERGRADUATE MEMBERSHIP NOMINATES INDIVIDUALS FOR ELECTION. ELECTIONS ARE HELD EVERY TWO YEARS AND IS VOTED ON BY THE UNDERGRADUATE MEMBERS ALONG WITH ALUMNUS MEMBERS. TERMS OF SERVICE ARE FOUR YEARS AND THEY CAN SERVE TWO CONSECUTIVE TERMS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE ASSOCIATE EXECUTIVE DIRECTOR BEFORE IT IS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation2ALL EMPLOYEES AND VOLUNTEERS ARE REQUIRED TO READ AND SIGN OFF ON THE POLICY EVERY TWO YEARS. IT IS MONITORED BY THE HEADQUARTERS STAFF.
IRS990ScheduleO/GeneralExplanation/Explanation3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE HEADQUARTERS FOR REVIEW ANYTIME DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/GeneralExplanation/Explanation4NET UNREALIZED GAINS ON INVESTMENTS: 16,725.
IRS990ScheduleO/GeneralExplanation/Explanation5THETA CHI FRATERNITY'S BOARD OF DIRECTORS ARE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND FOR THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation6THE RETURN IS BEING AMENDED TO PROPERLY REFLECT MISSION AND PROGRAM SERVICE INFORMATION REPORTED IN PART III.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART XII, LINE 2C
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 1, ITEM B
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0IN
IRS990/StatesWhereCopyOfReturnIsFiled0IN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY012375
IRS990/TemporarilyRestrictedNetAssets/EOY024125
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine103330 FOUNDERS ROAD
IRS990/TheBooksAreInCareOf/AddressUS/City0INDIANAPOLIS
IRS990/TheBooksAreInCareOf/AddressUS/State0IN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode0462681333
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10JAMES POWELL
IRS990/TheBooksAreInCareOf/TelephoneNumber03178241881
IRS990/TotalAssets/BOY03692804
IRS990/TotalAssetsBOY03692804
IRS990/TotalAssets/EOY04140503
IRS990/TotalAssetsEOY04140503
IRS990/TotalCompGT150K00
IRS990/TotalContributions02288510
IRS990/TotalExpensesCurrentYear02448686
IRS990/TotalExpensesPriorYear02316676
IRS990/TotalFunctionalExpenses/Total02448686
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI097430
IRS990/TotalLiabilities/BOY0149142
IRS990/TotalLiabilitiesBOY0149142
IRS990/TotalLiabilities/EOY0317881
IRS990/TotalLiabilitiesEOY0317881
IRS990/TotalLiabNetAssetsFundBalances/BOY03692804
IRS990/TotalLiabNetAssetsFundBalances/EOY04140503
IRS990/TotalNbrEmployees026
IRS990/TotalNbrVolunteers0129
IRS990/TotalNetAssetsFundBalances/BOY03543662
IRS990/TotalNetAssetsFundBalances/EOY03822622
IRS990/TotalOtherCompensation013900
IRS990/TotalOtherRevenue01800
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue0319063

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.87$1.05$0.82$5.80$6.65$0.85
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$1.00$1.67$5.78$9.66$3.88
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.98$2.43$5.55$3.96$4.51$0.55
2020Summary only. Only limited summary data is available for this year.$8.10$2.40$5.70$4.92$4.69$0.23
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.88$2.37$5.51$5.70$5.20$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.44$2.51$4.93$4.64$4.48$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.85$2.10$4.75$4.53$4.36$0.17
2016Detailed filing. Detailed filing data is available for this year.$6.79$2.35$4.45$4.10$3.93$0.16
2015Detailed filing. Detailed filing data is available for this year.$6.59$2.25$4.34$4.26$3.89$0.36
2014Detailed filing. Detailed filing data is available for this year.$6.88$2.74$4.14$3.71$3.57$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$0.30$3.92$3.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.14$0.32$3.82$2.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$0.15$3.54$2.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.23$3.15$2.15