Civic Intelligence

Tau Association of Kappa Alpha Theta

990 • Fiscal year 2017 • EIN 36-6096126

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 09, 2017

8740 Founders RoadIndianapolis, IN 46268

(317) 876-8593

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

29th percentile

0.03x

Higher debt load relative to revenue than 29% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Net Margin

47th percentile

13%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

80th percentile

$219,105

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 152.1% of source-year revenue.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Asset Growth

65th percentile

1.5%

Faster asset growth than 65% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-78%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,548,939

Up $22,537 (+1.5%) from 2016

Net Assets

Up

$1,544,199

Up $18,894 (+1.2%) from 2016

Liabilities

Up

$4,740

Up $3,643 (+332%) from 2016

Revenue

Down

$144,058

Down $517,987 (-78%) from 2016

Expenses

Up

$125,164

Up $24,669 (+25%) from 2016

Net Income

Down

$18,894

Down $542,656 (-97%) from 2016

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 2012: $754,983Liabilities 2012: $1,000Net Assets 2012: $753,9832012Assets 2013: $790,965Liabilities 2013: $1,000Net Assets 2013: $789,9652013Assets 2014: $783,239Liabilities 2014: $1,000Net Assets 2014: $782,2392014Assets 2015: $1,022,781Liabilities 2015: $59,026Net Assets 2015: $963,7552015Assets 2016: $1,526,402Liabilities 2016: $1,097Net Assets 2016: $1,525,3052016Assets 2017: $1,548,939Liabilities 2017: $4,740Net Assets 2017: $1,544,1992017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$1,548,939
Liabilities$4,740
Net Assets$1,544,199

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $90,6282012Expenses 2013: $94,6142013Revenue 2014: $137,597Expenses 2014: $145,323Net Income 2014: -$7,7262014Revenue 2015: $321,080Expenses 2015: $139,564Net Income 2015: $181,5162015Revenue 2016: $662,045Expenses 2016: $100,495Net Income 2016: $561,5502016Revenue 2017: $144,058Expenses 2017: $125,164Net Income 2017: $18,8942017Revenue 2018: $147,793Expenses 2018: $142,316Net Income 2018: $5,4772018

Highlighted filing

2017

Revenue$144,058
Expenses$125,164
Net Income$18,894
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 9, 2017
Return Version
2016v3.0
Gross Receipts
$144,058
Mission and Program Overview

Mission

TO PROVIDE HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,030,410$979,831▼ $50,579
Savings and Temporary Cash Investments$141,935$302,454▲ $160,519
Cash and Non-Interest-Bearing Accounts$351,796$266,654▼ $85,142
Total Assets$1,526,402$1,548,939▲ $22,537
Other Assets Total$2,261$0▼ $2,261
Liabilities
Accounts Payable and Accrued Expenses$97$3,740▲ $3,643
Other Liabilities$1,000$1,000→ $0
Total Liabilities$1,097$4,740▲ $3,643
Net Assets / Fund Balance
Unrestricted Net Assets$1,525,305$1,544,199▲ $18,894
Total Net Assets Fund Balance$1,525,305$1,544,199▲ $18,894
Total Liabilities and Net Assets / Fund Balance$1,526,402$1,548,939▲ $22,537

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$864,231$507,062$1,371,293
Other Land Buildings$102,663$354,286$456,949
Equipment$12,937$2,661$15,598
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jeffrey RisserDirector of Finance$148,075$148,075
Teresa SmithFhc Executive Director$71,752$71,752

Board Members and Trustees

NameTitle
Mary Jane BeachPresident
Angela GrimesVice President
Kathy SchweerVice President
Kellie DickersonVice President
Elizabeth CorridanVice President/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$142,785
Investment Income
$775
Other Revenue
$498
Change in Net Assets
$18,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,034
Professional Fundraising Fees$2,130
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$73,044
Occupancy---$42,900
Insurance---$2,569
Fees for Services Professional Fundraising---$2,130
Fees for Services Accounting---$750
Travel---$727
Fees for Services Other---$392
Other Expenses---$36
Office Expenses---$20
Total Functional Expenses$0$0$0$125,164
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,130
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$1,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The tau chapter members of the kappa alpha theta fraternity pay a facility fee to the organization. Upon payment they become members of the organization. Members are allowed to attend the organization's board meetings.

Form 990, Part VI, Section A, Line 7A

Active members of the corporation shall be entitled to notice of and right to attend meetings of the membership, but have no vote on corporate actions. The sole voting member of the corporation, kappa alpha theta fraternity housing corporation, retains the power to appoint members of the governing body.

Form 990, Part VI, Section A, Line 7B

Governance decisions are subject to the approval of the sole voting member, kappa alpha theta fraternity housing corporation.

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

The 990 is reviewed by the organization's board of directors prior to being filed.

Form 990, Part VI, Section B, Line 12C

The organization reviews the policy and any conflicts of interest on an annual basis.

Form 990, Part VI, Section C, Line 18

The organization's annual form(s) 990 and 990-t (if applicable) and its form 1024 are available to the public upon request. Annual form 990s can also be obtained through third party websites such as www.guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Tau Association
EIN
36-6096126
Phone
3178768593
Address
8740 FOUNDERS ROAD, INDIANAPOLIS, IN 46268

Signing Officer

Name
Elizabeth Corridan
Title
Vice President/secretary
Phone
3178768593
Signed
2017-12-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Jane Beach
Formed
1887
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
4

Preparer

Firm
Mountjoy Chilton Medley Llp
Address
6840 EAGLE HIGHLANDS WAY, INDIANAPOLIS, IN 46254
Preparer
Rebekah Payne
Phone
3173475200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors, of the kappa alpha theta fraternity, assumes responsibility for the audit process as well as the selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The organization has evaluated tax positions taken in the tax returns filed and has determined that there are no uncertain tax positions as defined by generally accepted accounting standards.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAU CHAPTER MEMBERS OF THE KAPPA ALPHA THETA FRATERNITY PAY A FACILITY FEE TO THE ORGANIZATION. UPON PAYMENT THEY BECOME MEMBERS OF THE ORGANIZATION. MEMBERS ARE ALLOWED TO ATTEND THE ORGANIZATION'S BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVE MEMBERS OF THE CORPORATION SHALL BE ENTITLED TO NOTICE OF AND RIGHT TO ATTEND MEETINGS OF THE MEMBERSHIP, BUT HAVE NO VOTE ON CORPORATE ACTIONS. THE SOLE VOTING MEMBER OF THE CORPORATION, KAPPA ALPHA THETA FRATERNITY HOUSING CORPORATION, RETAINS THE POWER TO APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNANCE DECISIONS ARE SUBJECT TO THE APPROVAL OF THE SOLE VOTING MEMBER, KAPPA ALPHA THETA FRATERNITY HOUSING CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS REVIEWED BY THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REVIEWS THE POLICY AND ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S ANNUAL FORM(S) 990 AND 990-T (IF APPLICABLE) AND ITS FORM 1024 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ANNUAL FORM 990S CAN ALSO BE OBTAINED THROUGH THIRD PARTY WEBSITES SUCH AS WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS, OF THE KAPPA ALPHA THETA FRATERNITY, ASSUMES RESPONSIBILITY FOR THE AUDIT PROCESS AS WELL AS THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KAPPA ALPHA THETA FRATERNITY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1KAPPA ALPHA THETA FRATERNITY HOUSING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0361305568
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1261430902
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROMOTE FRATERNAL SISTERHOOD THROUGH EDUCATION AND SOCIAL ACTIVITIES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO HOLD TITLE TO OR TO RENT PROPERTY FOR KAPPA ALPHA THETA MEMBERS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt08740 FOUNDERS ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt18740 FOUNDERS ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046268
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd146268
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01526402
IRS990/TotalAssetsEOYAmt01548939
IRS990/TotalAssetsGrp/BOYAmt01526402
IRS990/TotalAssetsGrp/EOYAmt01548939
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125164
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01097
IRS990/TotalLiabilitiesEOYAmt04740
IRS990/TotalLiabilitiesGrp/BOYAmt01097
IRS990/TotalLiabilitiesGrp/EOYAmt04740
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01525305
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01544199
IRS990/TotalOtherCompensationAmt065265
IRS990/TotalProgramServiceRevenueAmt0142785
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0775
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0143283
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0144058
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01526402
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01548939
IRS990/TotReportableCompRltdOrgAmt0373667
IRS990/TravelGrp/TotalAmt0727
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01525305
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01544199
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08740 FOUNDERS ROAD
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046268
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH CORRIDAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03178768593
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TAU ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF KAPPA ALPHA THETA
ReturnHeader/Filer/BusinessNameControlTxt0TAUA
ReturnHeader/Filer/EIN0366096126
ReturnHeader/Filer/PhoneNum03178768593
ReturnHeader/Filer/USAddress/AddressLine1Txt08740 FOUNDERS ROAD
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046268
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DF04AC0F0E096D3CF2F87D1AB446D468971B047D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C262ACED9BEFAAD04AA209652AA5CC851E6C234
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0128.136.148.166
ReturnHeader/FilingSecurityInformation/IPDt02017-12-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm011:38:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271235638
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOUNTJOY CHILTON MEDLEY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06840 EAGLE HIGHLANDS WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046254
ReturnHeader/PreparerPersonGrp/PhoneNum03173475200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REBEKAH PAYNE
ReturnHeader/ReturnTs02018-01-18T15:27:13-06:00

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