Civic Intelligence

Theta Chi Fraternity Mu Chapter Association

990 • Fiscal year 2023 • EIN 23-7426949

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 15, 2024

7468 NE Bay Hill RoadBainbridge Island, WA 98110

(206) 910-3293

Siviq Scores

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

Liabilities / Assets

77th percentile

0.49x

Higher debt load relative to assets than 77% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

2.53x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Net Margin

9th percentile

-16%

Higher net margin than 9% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Asset Growth

15th percentile

-5.3%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-5.5%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,831,080

Down $101,906 (-5.3%) from 2022

Net Assets

Down

$942,351

Down $50,103 (-5.0%) from 2022

Liabilities

Down

$888,729

Down $51,803 (-5.5%) from 2022

Revenue

Down

$351,811

Down $20,467 (-5.5%) from 2022

Expenses

Up

$407,451

Up $3,203 (+0.8%) from 2022

Net Income

Down

-$55,640

Down $23,670 (-74%) from 2022

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

2023

Assets$1,831,080
Liabilities$888,729
Net Assets$942,351

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

2023

Revenue$351,811
Expenses$407,451
Net Income-$55,640
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 15, 2024
Return Version
2023v5.0
Gross Receipts
$351,811
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,798,710$1,732,936▼ $65,774
Pd in Cap Srpls Land Bldg Eqp Fund$991,972$965,541▼ $26,431
Cash and Non-Interest-Bearing Accounts$101,624$64,465▼ $37,159
Savings and Temporary Cash Investments$32,652$33,679▲ $1,027
Cap Stk Tr Prin Current Funds$32,450$32,450→ $0
Loans From Officers Directors$12,122$0▼ $12,122
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$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-31,968$-55,640▼ $23,672
Total Assets$1,932,986$1,831,080▼ $101,906
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$901,122$876,391▼ $24,731
Other Liabilities$27,288$12,338▼ $14,950
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$940,532$888,729▼ $51,803
Net Assets / Fund Balance
Total Net Assets Fund Balance$992,454$942,351▼ $50,103
Total Liabilities and Net Assets / Fund Balance$1,932,986$1,831,080▼ $101,906

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$477,779$549,750$0
Other Land Buildings$0$0$0
Land$675,639-$0
Equipment$17,822$11,880$0
Leasehold Improvements$561,696$56,214$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
$14,726
Program Service Revenue
$337,085
Investment Income
$0
Other Revenue
$0
All Other Contributions
$14,726
Change in Net Assets
$-55,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$407,451
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
Occupancy---$134,875
Depreciation Depletion---$65,774
Interest---$49,864
Other Expenses---$44,400
Insurance---$40,033
Travel---$13,479
Office Expenses---$7,315
Advertising---$6,045
Total Functional Expenses$0$0$0$407,451
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$12,122$0▼ $12,122
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable damage deposits$12,338
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

CSL Property Management provided facility management services.

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

The president and treasurer reviewed the filing before submission. Other board members were subsequently sent a copy via email and asked to contact the treasurer if they had any questions.

Form 990, Part VI, Section C, Line 19

Financial statements are distributed to board members at monthly meetings. These and governing document are available to others upon request.

Filing and Contact Details

Filer

Filer Name
Mu Chapter Association
EIN
23-7426949
Phone
2069103293
Address
7468 NE Bay Hill Road, Bainbridge Island, WA 98110

Signing Officer

Name
Tom Eckmann
Title
Treasurer
Phone
2069103293
Signed
2024-03-15

Organization Details

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

Additional Explanations

Form 990, Part XI, Line 9

Reconciliation and refund of student security deposits upon graduation.

Raw XML Appendix396 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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IRS990/SavingsAndTempCashInvstGrp/EOYAmt033679
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0477779
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0549750
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01027529
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt017822
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011880
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt029702
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0675639
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0675639
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0561696
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt056214
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0617910
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Refundable damage deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01732936
IRS990ScheduleD/TotalLiabilityAmt012338
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CSL Property Management provided facility management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The president and treasurer reviewed the filing before submission. Other board members were subsequently sent a copy via email and asked to contact the treasurer if they had any questions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Financial statements are distributed to board members at monthly meetings. These and governing document are available to others upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Reconciliation and refund of student security deposits upon graduation.
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 XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01932986
IRS990/TotalAssetsEOYAmt01831080
IRS990/TotalAssetsGrp/BOYAmt01932986
IRS990/TotalAssetsGrp/EOYAmt01831080
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt014726
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0407451
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0940532
IRS990/TotalLiabilitiesEOYAmt0888729
IRS990/TotalLiabilitiesGrp/BOYAmt0940532
IRS990/TotalLiabilitiesGrp/EOYAmt0888729
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0992454
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0942351
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0341676
IRS990/TotalProgramServiceRevenueAmt0337085
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0337085
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0351811
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01932986
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01831080
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt013479
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07468 NE Bay Hill Road
IRS990/USAddress/CityNm0Bainbridge Island
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098110
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.CalThetaChi.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Tom Eckmann
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02069103293
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MU CHAPTER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MUCH
ReturnHeader/Filer/EIN0237426949
ReturnHeader/Filer/PhoneNum02069103293
ReturnHeader/Filer/USAddress/AddressLine1Txt07468 NE Bay Hill Road
ReturnHeader/Filer/USAddress/CityNm0Bainbridge Island
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098110
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-10-08T14:38:03-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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