Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Mit Alumni of Tep Student Aid Foundation
EIN 27-5204530 • 501(c)2 • Colorado Springs, CO
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.30x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
45th percentile
Higher net margin than 45% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$327,929
No earlier filing loaded for comparison.
Liabilities
$426,867
No earlier filing loaded for comparison.
Net Assets
-$98,938
No earlier filing loaded for comparison.
Revenue
$106,624
No earlier filing loaded for comparison.
Expenses
$106,854
No earlier filing loaded for comparison.
Net Income
-$230
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $327,929
- Liabilities
- $426,867
- Net assets
- -$98,938
- Revenue
- $106,624
- Expenses
- $106,854
- Net income
- -$230
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Nov 15, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $106,624
Mission and Program Overview
Mission
See Schedule O
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Operations for the twelve months ended on December 31, 2021 | - | $106,854 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Mark Holthouse | Treasurer And Scribe | - | $0 | - | - |
| David Lawrence | President | - | $0 | - | - |
| Danielle Herman | Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- MIT Alumni of TEP Student Aid Foundation
- EIN
- 27-5204530
- Address
- 3540 Hill Circle, Colorado Springs, CO 80904
Signing Officer
- Name
- Mark Holthouse
- Title
- Treasurer
- Phone
- 6177973926
- Signed
- 2022-11-15
- Discuss with paid preparer
- No
Preparer
- Firm
- Kingfisher Financial PBC
- Address
- 433 Forest Glen Road, Priest River, ID 83856
- Preparer
- Fred Peck
- Phone
- 5098794716
Supplemental Narrative
Additional Explanations
General explanation attachment
“Our mission is to hold title to, and mortgages on, real property at 253 Commonwealth Avenue, Boston, MA, collect income on, and remit the income, less expenses, to Xi chapter of Tau Epsilon Phi.”
Description of other revenue Part I line 8
“Description AmountMIT Operating Grants 103,624Xi Fellowship Rent 3,000”
Description of other expenses Part I line 16
“Description AmountReal Estate Tax 37,591Mortgage Interest 10,838Insurance 20,599Renovations 11,460Misc Expense 150”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearMortgage Loan 447,848 426,867”
Changes to governing documents Part V line 34
“As of December 2021 the organization was merged with the Alumni Association of Xi Chapter of Tau Epsilon Phi to form the Alumni Association of tEP, Inc. We anticipate that this will be the last Form 990 filed for the organization.”
Raw XML Appendix117 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Mark Holthouse |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6177973926 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3540 Hill Circle |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Colorado Springs |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CO |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 80904 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 159443 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 138232 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | true |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -230 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 20554 |
| IRS990EZ/FiledScheduleAInd | 0 | false |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 349140 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 327929 |
| IRS990EZ/GrossReceiptsAmt | 0 | 106624 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 189697 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 189697 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -98708 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -98938 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -98708 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -98938 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 5662 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Mark Holthouse |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | David Lawrence |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Danielle Herman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Treasurer and Scribe |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Member |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 80638 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 106624 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | See Schedule O |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Operations for the twelve months ended on December 31, 2021 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 106854 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 447848 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 426867 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 106854 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 106854 |
| IRS990EZ/TotalRevenueAmt | 0 | 106624 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Our mission is to hold title to, and mortgages on, real property at 253 Commonwealth Avenue, Boston, MA, collect income on, and remit the income, less expenses, to Xi chapter of Tau Epsilon Phi. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountMIT Operating Grants 103,624Xi Fellowship Rent 3,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description AmountReal Estate Tax 37,591Mortgage Interest 10,838Insurance 20,599Renovations 11,460Misc Expense 150 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearMortgage Loan 447,848 426,867 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | As of December 2021 the organization was merged with the Alumni Association of Xi Chapter of Tau Epsilon Phi to form the Alumni Association of tEP, Inc. We anticipate that this will be the last Form 990 filed for the organization. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | General explanation attachment |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other revenue Part I line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Changes to governing documents Part V line 34 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 11 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Mark Holthouse |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6177973926 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MIT Alumni of TEP Student Aid Foundation |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MITA |
| ReturnHeader/Filer/EIN | 0 | 275204530 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3540 Hill Circle |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Colorado Springs |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CO |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 80904 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 843260377 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Kingfisher Financial PBC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 433 Forest Glen Road |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Priest River |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | ID |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 83856 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5098794716 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Fred Peck |
| ReturnHeader/ReturnTs | 0 | 2022-11-15T19:40:35-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Mark |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Holthouse |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.