Tau Sigma Alumni Association Of Beta Theta Pi Inc
- Assets
- $2.1m
- Revenue
- $305.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Ames, IA
- Founding
- 06/1965
- Data as of
- 09/2020
- EIN
- 42-6056537
Organization Overview
Tau Sigma Alumni Association Of Beta Theta Pi Inc is located in Ames, IA. The organization was established in 1965. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tau Sigma Alumni Association Of Beta Theta Pi Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 09/2020, Tau Sigma Alumni Association Of Beta Theta Pi Inc generated $305.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $221.7k during the year ending 09/2020. While expenses have increased by 2.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ISU BETA THETA PI FRATERNITY HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS TITLE TO A CHAPTER HOUSE WHICH LEASES TO ANOTHER ORGANIZATION-TAU SIGMA CHAPTER OF BETA THETA PI, A SOCIAL FRATERNITY ASSOCIATED WITH IOWA STATE UNIVERSITY. THE ORGANIZATION PROVIDES MAINTENANCE, IMPROVEMENTS, INSURANCE, AND PAYS PROPERTY TAX ON THE CHAPTER HOUSE IN THE CAPACITY OF A LESSOR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judson Horras Secretary | Officer | 3 | $0 |
Matthew Stockman Treasurer | Officer | 3 | $0 |
Larry Prochaska President | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,757 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,811 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,263 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,008 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,827 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,789 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $221,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,655 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,148,554 |
| Accounts payable and accrued expenses | $0 |
| 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 | $765,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $765,000 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,383,554 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
The University Of Illinois Alumni Association Urbana, IL | $29,310,021 | $6,588,632 |
Minnesota State University Moorhead Foundation Inc Moorhead, MN | $54,713,743 | $22,543,778 |
University Of Minnesota Alumni Association Minneapolis, MN | $34,396,499 | $3,938,876 |
Iowa State University Alumni Association Ames, IA | $19,372,302 | $3,613,244 |
University Of Missouri Alumni Assn Columbia, MO | $16,718,552 | $3,263,310 |
University Of Northern Iowa Alumni Association Cedar Falls, IA | $0 | $679,804 |
Grand Island Public Schools Foundation Grand Island, NE | $10,746,895 | $4,368,224 |
Northern Illinois University Alumni Association Dekalb, IL | $2,687,455 | $1,196,387 |
Alumni Association Of The University Of South Dakota Vermillion, SD | $0 | $7,549 |
South Dakota State University Alumni Association Brookings, SD | $649,499 | $1,131,261 |