Civic Intelligence

Theta Tau Educational Foundation

990 • Fiscal year 2020 • EIN 43-1774314

Jun 01, 2019 to May 31, 2020 • Filed on Sep 28, 2020

Organization ProfileN/A
Po Box 2709Arlington, VA 22202

(586) 994-9551

Siviq Scores

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

Liabilities / Assets

69th percentile

0.28x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.69x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

96th percentile

80%

Higher net margin than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

85th percentile

47%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

1282%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$2,284,064

Up $734,825 (+47%) from 2019

Net Assets

Up

$1,640,091

Up $757,302 (+86%) from 2019

Liabilities

Down

$643,973

Down $22,477 (-3.4%) from 2019

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin96th percentile

Revenue

Up

$932,793

Up $865,300 (+1282%) from 2019

Expenses

Down

$183,240

Down $2,155 (-1.2%) from 2019

Net Income

Up

$749,553

Up $867,455 (+736%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $1,639,484Liabilities 2012: $830,215Net Assets 2012: $809,2692012Assets 2013: $1,656,075Liabilities 2013: $810,761Net Assets 2013: $845,3142013Assets 2014: $1,633,318Liabilities 2014: $816,829Net Assets 2014: $816,4892014Assets 2015: $1,719,158Liabilities 2015: $780,112Net Assets 2015: $939,0462015Assets 2016: $1,625,272Liabilities 2016: $789,405Net Assets 2016: $835,8672016Assets 2017: $1,704,164Liabilities 2017: $732,000Net Assets 2017: $972,1642017Assets 2018: $1,696,671Liabilities 2018: $696,188Net Assets 2018: $1,000,4832018Assets 2019: $1,549,239Liabilities 2019: $666,450Net Assets 2019: $882,7892019Assets 2020: $2,284,064Liabilities 2020: $643,973Net Assets 2020: $1,640,0912020Assets 2021: $2,466,683Liabilities 2021: $621,709Net Assets 2021: $1,844,9742021Assets 2022: $3,213,180Liabilities 2022: $605,295Net Assets 2022: $2,607,8852022Assets 2023: $3,213,549Liabilities 2023: $582,076Net Assets 2023: $2,631,4732023Assets 2024: $3,448,722Liabilities 2024: $556,747Net Assets 2024: $2,891,9752024Assets 2025: $3,631,204Liabilities 2025: $525,186Net Assets 2025: $3,106,0182025

Highlighted filing

2020

Assets$2,284,064
Liabilities$643,973
Net Assets$1,640,091
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $319,3802012Expenses 2013: $240,8242013Revenue 2014: $387,338Expenses 2014: $416,163Net Income 2014: -$28,8252014Revenue 2015: $523,732Expenses 2015: $401,175Net Income 2015: $122,5572015Revenue 2016: $183,034Expenses 2016: $286,213Net Income 2016: -$103,1792016Revenue 2017: $482,191Expenses 2017: $345,895Net Income 2017: $136,2962017Revenue 2018: $270,186Expenses 2018: $241,865Net Income 2018: $28,3212018Revenue 2019: $67,493Expenses 2019: $185,395Net Income 2019: -$117,9022019Revenue 2020: $932,793Expenses 2020: $183,240Net Income 2020: $749,5532020Revenue 2021: $366,842Expenses 2021: $161,960Net Income 2021: $204,8822021Revenue 2022: $1,010,998Expenses 2022: $248,087Net Income 2022: $762,9112022Revenue 2023: $220,186Expenses 2023: $196,598Net Income 2023: $23,5882023Revenue 2024: $505,689Expenses 2024: $245,187Net Income 2024: $260,5022024Revenue 2025: $465,207Expenses 2025: $251,164Net Income 2025: $214,0432025

Highlighted filing

2020

Revenue$932,793
Expenses$183,240
Net Income$749,553
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Sep 28, 2020
Return Version
2019v5.1
Gross Receipts
$932,793
Mission and Program Overview

Mission

Promote education and training for

Provide Education and Training for leadership, teamwork, Professionalism, responsibility, decision-making skills and development of others

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$365,863$1,169,507▲ $803,644
Land, Buildings, and Equipment, Net$1,057,531$1,028,987▼ $28,544
Cash and Non-Interest-Bearing Accounts$85,921$85,570▼ $351
Savings and Temporary Cash Investments$19,966$0▼ $19,966
Other Notes and Loans Receivable, Net$10,024$0▼ $10,024
Accounts Receivable$9,447$0▼ $9,447
Inventories for Sale or Use$487$0▼ $487
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,549,239$2,284,064▲ $734,825
Liabilities
Mortgage Notes Payable Secured by Investment Property$666,450$641,973▼ $24,477
Deferred Revenue-$2,000-
Total Liabilities$666,450$643,973▼ $22,477
Net Assets / Fund Balance
Net Assets With Donor Restrictions$813,487$1,607,993▲ $794,506
Net Assets Without Donor Restrictions$69,302$32,098▼ $37,204
Total Net Assets Fund Balance$882,789$1,640,091▲ $757,302
Total Liabilities and Net Assets / Fund Balance$1,549,239$2,284,064▲ $734,825

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$732,177$381,013-
Land$296,810--
Other Securities$771,796--
Financial Derivatives$0--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Justin WisemanPresident, Director
Mark WisneskiVice President, Director
Katie J GriffinDirector
Steven BrewerDirector
Sean WalshTreasurer, Director
Revenue and Support

Revenue Composition

Contributions and Grants
$799,952
Program Service Revenue
$105
Investment Income
$44,066
Other Revenue
$88,670
All Other Contributions
$799,952
Change in Net Assets
$749,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,240
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$0$38,351$0$38,351
Interest$0$35,539$0$35,539
Other Expenses$30,100$0$0$30,100
Depreciation Depletion$0$28,543$0$28,543
Occupancy$0$11,125$0$11,125
Fees for Services Management$0$8,500$0$8,500
Fees for Services Accounting$0$3,350$0$3,350
Fees for Service Investment Mgmnt Fees$0$1,896$0$1,896
Travel$0$1,326$0$1,326
Office Expenses$0$660$0$660
Information Technology$0$155$0$155
Total Functional Expenses$30,100$153,140$0$183,240
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 9

“Justin Wiseman 3721 Burwood Highland MI 48357”

Filing and Contact Details

Filer

Filer Name
Theta Tau Educational Foundation
EIN
43-1774314
Phone
5869949551
Address
Po Box 2709, Arlington, VA 22202

Signing Officer

Name
Justin Wiseman
Title
President
Phone
5869949551
Signed
2020-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Wiseman
Formed
1998
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
2

Preparer

Firm
Drakos Financial Services LLC
Address
24224 Creekside Dr, Farmington Hills, MI 48336
Preparer
Robert Drakos
Phone
2484212159
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is emailed to Board Members for review prior to filing”

Pt VI, Line 12C

“Compliance with Organization's Policy(s) are reviewed annually”

Pt VI, Line 15A

“Board Reviews comparability data for like organizations and nonprofits of comparable size considering compensation”

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt044066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt035770
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt037144
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09590
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0128680
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92740
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.93590
IRS990ScheduleA/PublicSupportTotal170Amt01642648
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0799952
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt030691
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0220022
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0426021
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0165962
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01642648
IRS990ScheduleA/TotalSupportAmt01771328
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0732177
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0381013
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01113190
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/FinancialDerivativesGrp/MethodValuationCd0F
IRS990ScheduleD/LandGrp/BookValueAmt0296810
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0296810
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04017
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1227567
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2166127
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3771796
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Money Markets
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Equity Funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Fixed Income Funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc3Managed/Brokerage Funds
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01028987
IRS990ScheduleD/TotalBookValueSecuritiesAmt01169507
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is emailed to Board Members for review prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compliance with Organization's Policy(s) are reviewed annually
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board Reviews comparability data for like organizations and nonprofits of comparable size considering compensation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Justin Wiseman 3721 Burwood Highland MI 48357
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0799952
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0153140
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt030100
IRS990/TotalFunctionalExpensesGrp/TotalAmt0183240
IRS990/TotalGrossUBIAmt0105
IRS990/TotalLiabilitiesBOYAmt0666450
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01640091
IRS990/TotalProgramServiceExpensesAmt030100
IRS990/TotalProgramServiceRevenueAmt0105
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0132736
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0932793
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0105
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01549239
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02284064
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01326
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt01326
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03721 Burwood
IRS990/USAddress/CityNm0Highland
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048357
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Justin Wiseman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05869949551
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Theta Tau Educational Foundation
ReturnHeader/Filer/BusinessNameControlTxt0THET
ReturnHeader/Filer/EIN0431774314
ReturnHeader/Filer/PhoneNum05869949551
ReturnHeader/Filer/USAddress/AddressLine1Txt0Po Box 2709
ReturnHeader/Filer/USAddress/CityNm0Arlington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,284,064
Liabilities
$643,973
Net assets
$1,640,091
Revenue
$932,793
Expenses
$183,240
Net income
$749,553
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$0.53$3.11$0.47$0.25$0.21
2024Detailed filing. Detailed filing data is available for this year.$3.45$0.56$2.89$0.51$0.25$0.26
2023Detailed filing. Detailed filing data is available for this year.$3.21$0.58$2.63$0.22$0.20$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.21$0.61$2.61$1.01$0.25$0.76
2021Detailed filing. Detailed filing data is available for this year.$2.47$0.62$1.84$0.37$0.16$0.20
2020Detailed filing. Detailed filing data is available for this year.$2.28$0.64$1.64$0.93$0.18$0.75
2019Detailed filing. Detailed filing data is available for this year.$1.55$0.67$0.88$0.07$0.19$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.70$0.70$1.00$0.27$0.24$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.70$0.73$0.97$0.48$0.35$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.63$0.79$0.84$0.18$0.29$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.72$0.78$0.94$0.52$0.40$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.63$0.82$0.82$0.39$0.42$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.81$0.85$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.83$0.81$0.32