Civic Intelligence

Theta Chi Fraternity Mu Chapter Association

990 • Fiscal year 2022 • EIN 23-7426949

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

1210 Union StreetAlameda, CA 94501

(415) 246-3128

Siviq Scores

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

Liabilities / Assets

76th percentile

0.49x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

2.53x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Net Margin

16th percentile

-8.6%

Higher net margin than 16% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Asset Growth

92nd percentile

28%

Faster asset growth than 92% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-16%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,932,986

Up $423,146 (+28%) from 2021

Net Assets

Down

$992,454

Down $44,314 (-4.3%) from 2021

Liabilities

Up

$940,532

Up $467,460 (+99%) from 2021

Revenue

Down

$372,278

Down $71,163 (-16%) from 2021

Expenses

Up

$404,248

Up $70,968 (+21%) from 2021

Net Income

Down

-$31,970

Down $142,131 (-129%) from 2021

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $1,526,071Liabilities 2014: $585,615Net Assets 2014: $940,4562014Assets 2015: $1,577,880Liabilities 2015: $656,017Net Assets 2015: $921,8632015Assets 2016: $1,478,842Liabilities 2016: $620,611Net Assets 2016: $858,2312016Assets 2017: $1,408,468Liabilities 2017: $592,702Net Assets 2017: $815,7662017Assets 2018: $1,459,237Liabilities 2018: $583,115Net Assets 2018: $876,1222018Assets 2019: $1,432,585Liabilities 2019: $548,247Net Assets 2019: $884,3382019Assets 2020: $1,445,624Liabilities 2020: $519,017Net Assets 2020: $926,6072020Assets 2021: $1,509,840Liabilities 2021: $473,072Net Assets 2021: $1,036,7682021Assets 2022: $1,932,986Liabilities 2022: $940,532Net Assets 2022: $992,4542022Assets 2023: $1,831,080Liabilities 2023: $888,729Net Assets 2023: $942,3512023Assets 2024: $1,720,823Liabilities 2024: $856,591Net Assets 2024: $864,2322024Assets 2025: $1,623,770Liabilities 2025: $852,303Net Assets 2025: $771,4672025

Highlighted filing

2022

Assets$1,932,986
Liabilities$940,532
Net Assets$992,454

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $186,125Expenses 2014: $210,571Net Income 2014: -$24,4462014Revenue 2015: $188,500Expenses 2015: $221,186Net Income 2015: -$32,6862015Revenue 2016: $295,940Expenses 2016: $328,557Net Income 2016: -$32,6172016Revenue 2017: $253,471Expenses 2017: $295,936Net Income 2017: -$42,4652017Revenue 2018: $415,009Expenses 2018: $354,653Net Income 2018: $60,3562018Revenue 2019: $343,349Expenses 2019: $344,338Net Income 2019: -$9892019Revenue 2020: $320,066Expenses 2020: $259,776Net Income 2020: $60,2902020Revenue 2021: $443,441Expenses 2021: $333,280Net Income 2021: $110,1612021Revenue 2022: $372,278Expenses 2022: $404,248Net Income 2022: -$31,9702022Revenue 2023: $351,811Expenses 2023: $407,451Net Income 2023: -$55,6402023Revenue 2024: $305,302Expenses 2024: $386,012Net Income 2024: -$80,7102024Revenue 2025: $202,805Expenses 2025: $301,013Net Income 2025: -$98,2082025

Highlighted filing

2022

Revenue$372,278
Expenses$404,248
Net Income-$31,970
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$372,278
Mission and Program Overview

Mission

Provide student housing and fraternal activities for members of Theta Chi fraternity at the University of California - Berkeley.

Provide housing to student fraternity members of Theta Chi Fraternity at the University of California, Berkeley

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,279,420$1,798,710▲ $519,290
Pd in Cap Srpls Land Bldg Eqp Fund$1,004,318$991,972▼ $12,346
Cash and Non-Interest-Bearing Accounts$196,016$101,624▼ $94,392
Savings and Temporary Cash Investments$34,404$32,652▼ $1,752
Cap Stk Tr Prin Current Funds$32,450$32,450→ $0
Loans From Officers Directors$23,658$12,122▼ $11,536
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Rtn Earn Endowment Incm Other Fnds$0$-31,968▼ $31,968
Total Assets$1,509,840$1,932,986▲ $423,146
Liabilities
Mortgage Notes Payable Secured by Investment Property$431,589$901,122▲ $469,533
Other Liabilities$17,825$27,288▲ $9,463
Total Liabilities$473,072$940,532▲ $467,460
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,036,768$992,454▼ $44,314
Total Liabilities and Net Assets / Fund Balance$1,509,840$1,932,986▲ $423,146

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$515,144$512,385$0
Other Land Buildings$0$0$0
Land$675,639-$0
Equipment$23,762$5,940$0
Leasehold Improvements$584,165$33,745$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Erik JohannessenPresident
Mike LindVice President
Sergio CervantesBoard member
Stan NielsenBoard member
Nat LipanovichSecretary
Tom EckmannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,100
Program Service Revenue
$370,178
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,100
Change in Net Assets
$-31,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$404,248
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
All Other Expenses---$123,781
Occupancy---$117,131
Depreciation Depletion---$65,774
Interest---$31,484
Conferences and Meetings---$19,656
Insurance---$17,632
Fees for Services Other---$15,755
Advertising---$8,017
Office Expenses---$5,018
Total Functional Expenses$0$0$0$404,248
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$23,658$12,122▼ $11,536
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable damage deposits from members$27,288
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

A property management company was hired to oversee daily maintenance and operation of the facility.

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

The board president, vice president, and treasurer review the filing in detail before submission. Other board members are then sent a copy of the completed form 990 and asked to contact the President or Treasurer if they have any questions.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are shared monthly with the membership and board. Others can ask to review documents by contacting the president or treasurer.

Filing and Contact Details

Filer

Filer Name
Mu Chapter Association
EIN
23-7426949
Phone
4152463128
Address
1210 Union Street, Alameda, CA 94501

Signing Officer

Name
Tom Eckmann
Title
Treasurer
Phone
2069103293
Signed
2023-11-15

Organization Details

Principal Officer
Erik Johannessen
Formed
2008
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
10
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Property management services.

Form 990, Part IX, Line 24E

Meal plan expenses ($26,256), National dues and fees ($20,629), supplies ($19,900), fraternity rush and social expenses ($41,333), other fraternal activities ($15,663)

Form 990, Part XI, Line 9

Unreconcilable amount. This year we implemented a new accounting system and formalized many policies and procedures. It was necessary to pull forward unreconciled account balances from previous years, and there was no reasonable way to go back and reconcile the past discrepancies. The board determined the amount was not material to the overall finances of the organization, and it was not worth the cost of further pursuit to reconcile.

Raw XML Appendix377 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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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027288
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Refundable damage deposits from members
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01798710
IRS990ScheduleD/TotalLiabilityAmt027288
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A property management company was hired to oversee daily maintenance and operation of the facility.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board president, vice president, and treasurer review the filing in detail before submission. Other board members are then sent a copy of the completed form 990 and asked to contact the President or Treasurer if they have any questions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents and financial statements are shared monthly with the membership and board. Others can ask to review documents by contacting the president or treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Property management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Meal plan expenses ($26,256), National dues and fees ($20,629), supplies ($19,900), fraternity rush and social expenses ($41,333), other fraternal activities ($15,663)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Unreconcilable amount. This year we implemented a new accounting system and formalized many policies and procedures. It was necessary to pull forward unreconciled account balances from previous years, and there was no reasonable way to go back and reconcile the past discrepancies. The board determined the amount was not material to the overall finances of the organization, and it was not worth the cost of further pursuit to reconcile.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01509840
IRS990/TotalAssetsEOYAmt01932986
IRS990/TotalAssetsGrp/BOYAmt01509840
IRS990/TotalAssetsGrp/EOYAmt01932986
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02100
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0404248
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0473072
IRS990/TotalLiabilitiesEOYAmt0940532
IRS990/TotalLiabilitiesGrp/BOYAmt0473072
IRS990/TotalLiabilitiesGrp/EOYAmt0940532
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01036768
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0992454
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0404246
IRS990/TotalProgramServiceRevenueAmt0370178
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0370178
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0372278
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01509840
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01932986
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01210 Union Street
IRS990/USAddress/CityNm0Alameda
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094501
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Tom Eckmann
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02069103293
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MU CHAPTER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MUCH
ReturnHeader/Filer/EIN0237426949
ReturnHeader/Filer/PhoneNum04152463128
ReturnHeader/Filer/USAddress/AddressLine1Txt01210 Union Street
ReturnHeader/Filer/USAddress/CityNm0Alameda
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094501
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-11-15T14:26:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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