Civic Intelligence

Theta Tau Alumni of Phi Rho Sigma

EIN 36-3308283 • 501(c)7 • Minneapolis, MN

Profile

Providing graduate fraternity housing, activities and environment

2221 University Ave SE Ste 111Minneapolis, MN 55414

n/A

Siviq Scores

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

Liabilities / Assets

44th percentile

0.01x

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

501(c)7 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

56th percentile

0.05x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2025

Net Margin

13th percentile

-12%

Higher net margin than 13% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)7 • $500k-$1M nonprofits • Source year 2025

Asset Growth

32nd percentile

-1.8%

Faster asset growth than 32% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

24th percentile

-5.5%

Faster revenue growth than 24% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$549,230

Down $10,001 (-1.8%) from 2024

Liabilities

Down

$3,915

Down $255 (-6.1%) from 2024

Net Assets

Down

$545,315

Down $9,746 (-1.8%) from 2024

Operations
Liabilities / Revenue56th percentileNet Margin13th percentile

Revenue

Down

$79,000

Down $4,617 (-5.5%) from 2024

Expenses

Up

$88,746

Up $3,241 (+3.8%) from 2024

Net Income

Down

-$9,746

Down $7,858 (-416%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

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

$600K$400K$200K$0Assets 2020: $507,820Liabilities 2020: $0Net Assets 2020: $507,8202020Assets 2021: $539,757Liabilities 2021: $5,872Net Assets 2021: $533,8852021Assets 2022: $548,531Liabilities 2022: $80Net Assets 2022: $548,4512022Assets 2023: $557,720Liabilities 2023: $771Net Assets 2023: $556,9492023Assets 2024: $559,231Liabilities 2024: $4,170Net Assets 2024: $555,0612024Assets 2025: $549,230Liabilities 2025: $3,915Net Assets 2025: $545,3152025

Highlighted filing

2025

Assets$549,230
Liabilities$3,915
Net Assets$545,315
Open 2025 Filing

Operations Trend

Revenue Growth24th percentile

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

$100K$50K$0-$50KRevenue 2020: $75,624Expenses 2020: $43,249Net Income 2020: $32,3752020Revenue 2021: $74,280Expenses 2021: $48,215Net Income 2021: $26,0652021Revenue 2022: $73,510Expenses 2022: $58,944Net Income 2022: $14,5662022Revenue 2023: $78,002Expenses 2023: $69,504Net Income 2023: $8,4982023Revenue 2024: $83,617Expenses 2024: $85,505Net Income 2024: -$1,8882024Revenue 2025: $79,000Expenses 2025: $88,746Net Income 2025: -$9,7462025

Highlighted filing

2025

Revenue$79,000
Expenses$88,746
Net Income-$9,746
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$549,230
Liabilities
$3,915
Net assets
$545,315
Revenue
$79,000
Expenses
$88,746
Net income
-$9,746
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.49$0.04$5.45$0.79$0.89$0.10
2024Detailed filing. Detailed filing data is available for this year.$5.59$0.04$5.55$0.84$0.86$0.02
2023Detailed filing. Detailed filing data is available for this year.$5.58$0.01$5.57$0.78$0.70$0.08
2022Detailed filing. Detailed filing data is available for this year.$5.49$0.00$5.48$0.74$0.59$0.15
2021Detailed filing. Detailed filing data is available for this year.$5.40$0.06$5.34$0.74$0.48$0.26
2020Detailed filing. Detailed filing data is available for this year.$5.08$0.00$5.08$0.76$0.43$0.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Aug 4, 2025
Return Version
2024v5.2
Gross Receipts
$148,320
Mission and Program Overview

Mission

Providing graduate fraternity housing, activities and environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$555,061$545,315▼ $9,746
Investments in Publicly Traded Securities$287,755$227,546▼ $60,209
Land, Buildings, and Equipment, Net$207,640$204,090▼ $3,550
Cash and Non-Interest-Bearing Accounts$41,953$92,923▲ $50,970
Prepaid Expenses and Deferred Charges$18,792$21,577▲ $2,785
Savings and Temporary Cash Investments$3,091$3,094▲ $3
Total Assets$559,231$549,230▼ $10,001
Liabilities
Accounts Payable and Accrued Expenses$4,170$3,915▼ $255
Total Liabilities$4,170$3,915▼ $255
Net Assets / Fund Balance
Total Net Assets Fund Balance$555,061$545,315▼ $9,746
Total Liabilities and Net Assets / Fund Balance$559,231$549,230▼ $10,001

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$162,381$317,972-
Equipment$41,709$22,746-
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Bruce NorbackActing President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$79,200
Investment Income
$-200
Other Revenue
$0
Change in Net Assets
$-9,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$88,746
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
Insurance$34,467$0$0$34,467
Occupancy$32,143$0$0$32,143
Depreciation Depletion$15,326$0$0$15,326
Other Expenses$5,000$0$0$5,000
Fees for Services Accounting$1,810$0$0$1,810
Total Functional Expenses$88,746$0$0$88,746
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Theta Tau Alumni of Phi Rho Sigma
EIN
36-3308283
Phone
6126245015
Address
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414

Signing Officer

Name
Bruce a Norback
Title
Acting President
Phone
6126245015
Signed
2025-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce a Norback
Formed
1920
Legal Domicile
Mn
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
2

Preparer

Firm
Fraternity Purchasing Association
Address
2221 University Ave SE Ste 11, Minneapolis, MN 55414
Preparer
Michelle Ballensky
Phone
6126245015
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“Yes, the organization has members”

Pt VI, Line 7A

“Yes, the organization has members who have power to elect the governing body”

Pt VI, Line 8A

“No, there have been no meetings so there are no minutes”

Pt VI, Line 8B

“Presently there are no committees so therefore no minutes”

Pt VI, Line 11B

“The accountant reviews the 990 with the acting president”

Pt VI, Line 19

“The organization makes it governing documents and financial statements available to the public upon request.”

Raw XML Appendix267 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The accountant reviews the 990 with the acting president
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/PhoneNum06126245015
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ReturnHeader/PreparerPersonGrp/PhoneNum06126245015
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE BALLENSKY
ReturnHeader/ReturnTs02025-08-12T12:43:38-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-04-01
ReturnHeader/TaxPeriodEndDt02025-03-31
ReturnHeader/TaxYr02024

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