Civic Intelligence

Alpha Theta Fraternity Inc

990 • Fiscal year 2016 • EIN 23-7212257

Aug 01, 2015 to Jul 31, 2016 • Filed on Oct 09, 2016

17 South AveIthaca, NY 14850-3907

(407) 549-3234

Siviq Scores

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

Liabilities / Assets

44th percentile

0.10x

Higher debt load relative to assets than 44% of similar nonprofits.

2016 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

44th percentile

0.78x

Higher debt load relative to revenue than 44% of similar nonprofits.

2016 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2016

Net Margin

42nd percentile

9.3%

Higher net margin than 42% of similar nonprofits.

2016 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$1,203,139

No earlier filing loaded for comparison.

Net Assets

$1,077,994

No earlier filing loaded for comparison.

Liabilities

$125,145

No earlier filing loaded for comparison.

Revenue

$160,477

No earlier filing loaded for comparison.

Expenses

$145,491

No earlier filing loaded for comparison.

Net Income

$14,986

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.

$3.0M$2.0M$1.0M$0Assets 2016: $1,203,139Liabilities 2016: $125,145Net Assets 2016: $1,077,9942016Assets 2020: $1,304,126Liabilities 2020: $0Net Assets 2020: $1,304,1262020Assets 2021: $1,635,075Liabilities 2021: $0Net Assets 2021: $1,635,0752021Assets 2022: $1,673,727Liabilities 2022: $0Net Assets 2022: $1,673,7272022Assets 2023: $1,787,664Liabilities 2023: $0Net Assets 2023: $1,787,6642023Assets 2024: $1,939,603Liabilities 2024: $0Net Assets 2024: $1,939,6032024Assets 2025: $2,827,502Liabilities 2025: $510,000Net Assets 2025: $2,317,5022025

Highlighted filing

2016

Assets$1,203,139
Liabilities$125,145
Net Assets$1,077,994

Operations Trend

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

$600K$400K$200K$0Revenue 2016: $160,477Expenses 2016: $145,491Net Income 2016: $14,9862016Revenue 2020: $165,674Expenses 2020: $91,458Net Income 2020: $74,2162020Revenue 2021: $429,067Expenses 2021: $98,118Net Income 2021: $330,9492021Revenue 2022: $137,260Expenses 2022: $98,609Net Income 2022: $38,6512022Revenue 2023: $275,148Expenses 2023: $161,211Net Income 2023: $113,9372023Revenue 2024: $377,527Expenses 2024: $225,588Net Income 2024: $151,9392024Revenue 2025: $576,595Expenses 2025: $198,696Net Income 2025: $377,8992025

Highlighted filing

2016

Revenue$160,477
Expenses$145,491
Net Income$14,986
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Oct 9, 2016
Return Version
2015v2.1
Gross Receipts
$160,477
Mission and Program Overview

Mission

Provide for housing, repairs, maintenance and improvement of the fraternity house and conduct alumni social activities

1) Own a fraternity house in Ithaca, NY 2) Conduct an alumni relations program inlcuding the publication of a newsletter and ongoing special events

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$695,907$844,506▲ $148,599
Cash and Non-Interest-Bearing Accounts$122,503$28,285▼ $94,218
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,048,065$1,203,139▲ $155,074
Other Assets Total$229,655$330,348▲ $100,693
Liabilities
Mortgage Notes Payable Secured by Investment Property$135,057$125,145▼ $9,912
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$135,057$125,145▼ $9,912
Net Assets / Fund Balance
Unrestricted Net Assets$913,008$1,077,994▲ $164,986
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$913,008$1,077,994▲ $164,986
Total Liabilities and Net Assets / Fund Balance$1,048,065$1,203,139▲ $155,074

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$800,000$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$44,506$0$0
Leasehold Improvements$0$0$0
Other Assets Org$330,348--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim ColePresident
Andrew SalamidaVice-President
Jeff ReindersAlumni Relations
Tom SporneyAt-Large
Dave MilesSecretary
Steve AmadorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,658
Program Service Revenue
$7,465
Investment Income
$0
Other Revenue
$138,354
All Other Contributions
$14,658
Change in Net Assets
$14,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$145,491
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$46,652
Interest---$11,868
Insurance---$11,365
Other Expenses---$4,936
Fees for Services Legal---$1,500
Fees for Services Accounting---$865
Total Functional Expenses$0$0$0$145,491
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,104
Fundraising Direct Expenses$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is comprised of approximately 1000 members who are the living alumni of the Beta Theta chapter of the Pi Kappa Alpha International Fraternity at Cornell University. The members elect a board of directors to run the day to day affairs of the corporation. The members have no ownership interest in the Alpha Theta Fraternity nor any claim on any of the assets of the corporation.

Form 990, Part VI, Section A, Line 7A

The members elect from themselves a board consisting of 5 voting directors that run the day to day operations of the corporation on behalf of the members.

Form 990, Part VI, Section A, Line 9

Tim Cole, President 1 Orchard Parkway hiite Plains NY 10606 Stephen Amador, Treasurer 163 Pinefield Drive Sanford FL 32771-6813 Jeff Reinders, Alumni Relations 746 N Buchanan Street Arlington VA 22203 Andrew Salamida, Vice President 11 Grand Blvd. Binghamton, NY 13905 Tom Sporney 1005 Sharon Drive Glen Burnie MD 21061-4138

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed at the annual meeting of the board of directors before being submitted to the IRS

Form 990, Part VI, Section C, Line 19

The governing documents are available on the organization's website. The financial documents were distributed to all members attending the annual meeting of the corporation and are available on request.

Filing and Contact Details

Filer

Filer Name
Alph Theta Fraternity Inc
EIN
23-7212257
Phone
4075493234
Address
17 South Ave, Ithaca, NY 14850-3907

Signing Officer

Name
Stephen Amador
Title
Treasurer
Phone
4075493234
Signed
2016-10-09

Organization Details

Principal Officer
Stephen B Amador Jr
Formed
1912
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
6
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Increased in Assessed value of building from prior period = 150,000

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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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IRS990/ProgSrvcAccomActy2Grp/Desc0Alumni Relations - Includes the publication of a newsletter, ongoing special events, printing and supplies
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt033250
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0135242
IRS990/PYOtherRevenueAmt0252717
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0150725
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0135242
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0285967
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt014986
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0133250
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0800000
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0800000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt044506
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt044506
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0330348
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Building Improvements
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0844506
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0330348
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization is comprised of approximately 1000 members who are the living alumni of the Beta Theta chapter of the Pi Kappa Alpha International Fraternity at Cornell University. The members elect a board of directors to run the day to day affairs of the corporation. The members have no ownership interest in the Alpha Theta Fraternity nor any claim on any of the assets of the corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members elect from themselves a board consisting of 5 voting directors that run the day to day operations of the corporation on behalf of the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Tim Cole, President 1 Orchard Parkway hiite Plains NY 10606 Stephen Amador, Treasurer 163 Pinefield Drive Sanford FL 32771-6813 Jeff Reinders, Alumni Relations 746 N Buchanan Street Arlington VA 22203 Andrew Salamida, Vice President 11 Grand Blvd. Binghamton, NY 13905 Tom Sporney 1005 Sharon Drive Glen Burnie MD 21061-4138
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is reviewed at the annual meeting of the board of directors before being submitted to the IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing documents are available on the organization's website. The financial documents were distributed to all members attending the annual meeting of the corporation and are available on request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Increased in Assessed value of building from prior period = 150,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01048065
IRS990/TotalAssetsEOYAmt01203139
IRS990/TotalAssetsGrp/BOYAmt01048065
IRS990/TotalAssetsGrp/EOYAmt01203139
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt014658
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0145491
IRS990/TotalGrossUBIAmt05104
IRS990/TotalLiabilitiesBOYAmt0135057
IRS990/TotalLiabilitiesEOYAmt0125145
IRS990/TotalLiabilitiesGrp/BOYAmt0135057
IRS990/TotalLiabilitiesGrp/EOYAmt0125145
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0913008
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01077994
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00

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