Theta Phi Alpha Fraternity
- Assets
- $928.7k
- Revenue
- $858.7k
- Investments
- $0.0
- Employees
- 12
- Location
- Bay Village, OH
- Founding
- 08/1978
- Data as of
- 08/2021
- EIN
- 39-0654386
Organization Overview
Theta Phi Alpha Fraternity is located in Bay Village, OH. The organization was established in 1978. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 08/2021, Theta Phi Alpha Fraternity employed 12 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Theta Phi Alpha Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2021, Theta Phi Alpha Fraternity generated $858.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $757.2k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL FRATERNITY OFFICE THAT PROVIDES SERVICES TO ITS MEMBERS THROUGH LOCAL CHAPTERS ON COLLEGE CAMPUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THETA PHI ALPHA IS THE NATIONAL OFFICE OF A FRATERNITY THAT PROVIDES SERVICES TO ITS MEMBERS THROUGH LOCAL CHAPTERS ON COLLEGE CAMPUSES. SUCH SERVICES INCLUDE HOUSING, EDUCATIONAL PROGRAMMING, AND OPPORTUNITIES FOR SOCIAL INTERACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristin Brown Treasurer | OfficerTrustee | 1 | $0 |
Tracey Liphardt National Pre | OfficerTrustee | 1 | $0 |
Michelle Short Exec. Secret | OfficerTrustee | 1 | $0 |
Stephanie Galendez Vp-Programmi | Trustee | 1 | $0 |
Kristin Henkenius Vp-Alumnae | Trustee | 1 | $0 |
Alicia Zabala Palmisano Vp-Extension | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $807,027 |
| Investment income | $1,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $73,716 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$23,742 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $858,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,639 |
| Compensation of current officers, directors, key employees. | $17,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,769 |
| Pension plan accruals and contributions | $227 |
| Other employee benefits | $16,839 |
| Payroll taxes | $27,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,502 |
| Advertising and promotion | $0 |
| Office expenses | $31,483 |
| Information technology | $60,817 |
| Royalties | $0 |
| Occupancy | $29,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,247 |
| Interest | $215 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $78,861 |
| All other expenses | $10,857 |
| Total functional expenses | $757,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,022 |
| Savings and temporary cash investments | $118,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $66,664 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $857 |
| Net Land, buildings, and equipment | $105,000 |
| Investments—publicly traded securities | $284,306 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $928,737 |
| Accounts payable and accrued expenses | $29,392 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,392 |
| Net assets without donor restrictions | $899,345 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $928,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Tuscarora Intermediate Unit Capital Insurance Trust Pleasant Gap, PA | $4,120,321 | $22,419,678 |
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Beta Theta Pi Fraternity Oxford, OH | $3,680,117 | $8,942,106 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Beta Theta Pi Fraternity Oxford, OH | $10,733,585 | $6,268,729 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Delta Gamma Foundation Columbus, OH | $43,080,592 | $13,458,880 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |