Civic Intelligence

Texas Iota Alumni Corporation Of

EIN 23-7426830 • 501(c)7 • Lubbock, TX

Profile

To provide housing support for members of sigma phi epsilon texas iota.

12 Greek CircleLubbock, TX 79416
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.53x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2021

Asset Growth

19th percentile

-6.1%

Faster asset growth than 19% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

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

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$588,407

Down $38,407 (-6.1%) from 2020

Liabilities

Down

$308,984

Down $17,340 (-5.3%) from 2020

Net Assets

Down

$279,423

Down $21,067 (-7.0%) from 2020

Operations
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Up

-$21,067

Up $19,605 (+48%) from 2020

Expenses

Flat

$0

Flat from 2020

Net Income

Up

-$21,067

Up $19,605 (+48%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2019: $683,989Liabilities 2019: $342,827Net Assets 2019: $341,1622019Assets 2020: $626,814Liabilities 2020: $326,324Net Assets 2020: $300,4902020Assets 2021: $588,407Liabilities 2021: $308,984Net Assets 2021: $279,4232021

Highlighted filing

2021

Assets$588,407
Liabilities$308,984
Net Assets$279,423
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$50K$0-$50KRevenue 2019: $43,708Expenses 2019: $0Net Income 2019: $43,7082019Revenue 2020: -$40,672Expenses 2020: $0Net Income 2020: -$40,6722020Revenue 2021: -$21,067Expenses 2021: $0Net Income 2021: -$21,0672021

Highlighted filing

2021

Revenue-$21,067
Expenses$0
Net Income-$21,067
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$588,407
Liabilities
$308,984
Net assets
$279,423
Revenue
-$21,067
Expenses
$0
Net income
-$21,067
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$5.88$3.09$2.79$0.21$0.00$0.21
2020Detailed filing. Detailed filing data is available for this year.$6.27$3.26$3.00$0.41$0.00$0.41
2019Detailed filing. Detailed filing data is available for this year.$6.84$3.43$3.41$0.44$0.00$0.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 11, 2021
Return Version
2020v4.0
Gross Receipts
$6,659
Mission and Program Overview

Mission

To provide housing support for members of sigma phi epsilon texas iota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$488,472$488,472→ $0
Cash and Non-Interest-Bearing Accounts$104,397$92,630▼ $11,767
Savings and Temporary Cash Investments$28,611--
Prepaid Expenses and Deferred Charges$5,334$7,305▲ $1,971
Total Assets$626,814$588,407▼ $38,407
Liabilities
Other Liabilities$322,673$305,388▼ $17,285
Accounts Payable and Accrued Expenses$3,651$3,596▼ $55
Total Liabilities$326,324$308,984▼ $17,340
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$300,490$279,423▼ $21,067
Total Net Assets Fund Balance$300,490$279,423▼ $21,067
Total Liabilities and Net Assets / Fund Balance$626,814$588,407▼ $38,407

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$446,344$344,639$790,983
Land$42,128-$42,128
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Dory WileyPresident
Chris DeansSecretary
Jin ChongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$6,659
Other Revenue
$-27,726
Change in Net Assets
$-21,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage$305,388
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

“Officers will review form 990 prior to filing.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Texas Iota Alumni Corporation of
EIN
23-7426830
Phone
9725716408
Address
12 GREEK CIRCLE, LUBBOCK, TX 79416

Signing Officer

Name
Chris Deans
Title
Secretary
Phone
9725716408
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dory Wiley
Formed
1970
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Greek Resource Services LLC
Address
PO BOX 1880, TUSCALOOSA, AL 35403-1880
Preparer
Cindy Neal
Phone
2057587754
Raw XML Appendix238 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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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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