Theta Xi Fraternity
- Assets
- $2.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Atlanta, GA
- Founding
- 12/1940
- Data as of
- 06/2022
- EIN
- 43-0549670
Organization Overview
Theta Xi Fraternity is located in Atlanta, GA. The organization was established in 1940. 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 06/2022, Theta Xi Fraternity employed 9 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Theta Xi Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Theta Xi Fraternity generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FRATERNITY IS TO PROVIDE A COLLEGE HOME ENVIRONMENT FOR ITS UNDERGRADUATE MEMBERS IN WHICH FELLOWSHIP AND ALUMNI GUIDANCE LEAD TO WHOLESOME MENTAL, MORAL, PHYSICAL AND SPIRITUAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER SERVICES INCLUDE: LEADERSHIP CONSULTANT, EXECUTIVE STAFF, AND VOLUNTEER ALUMNI OFFICER VISITS TO UNDERGRADUATE CAMPUS CHAPTERS TO OVERVIEW OPERATIONS, PROVIDE VERBAL AND WRITTEN ADVICE AND COUNSEL TO IMPROVE INDIVIDUAL LEADERSHIP SKILLS AND OVERALL CHAPTER PERFORMANCE. VARIETY OF GUIDES AND EDUCATIONAL PROGRAMS FOR PERSONAL DEVELOPMENT, ACADEMIC ACHIEVEMENT AND TO IMPROVE CHAPTER OPERATIONS. GUIDES FOR VOLUNTEER ALUMNI WHO SERVE AS ADVISORS AND MENTORS TO UNDERGRADUATE MEMBERS ARE ALSO PROVIDED.
MEMBERSHIP DEVELOPMENT PROGRAM INCLUDES: LEADERSHIP SKILLS TRAINING, ALUMNI RECOGNITION PROGRAM AND UNDERGRADUATE MEMBER DEVELOPMENT PROGRAM.
INSURANCE PROGRAM INCLUDES: LIABILITY INSURANCE: UNDERGRADUATE RISK MANAGEMENT EDUCATION THAT ADDRESSES ALCOHOL USE, ILLEGAL DRUGS, SEXUAL ABUSE AND HAZING; UNDERGRADUATE AND ALUMNI RISK MANAGEMENT WORKSHOPS; ARTICLES; AND INCIDENT INVESTIGATIONS.
NATIONAL CONVENTION INCLUDES: EXERCISES IN SELF-GOVERNANCE, EDUCATIONAL AND LEADERSHIP SKILLS WORKSHOPS, RECOGNITION OF ACADEMIC AND OPERATIONS ACCOMPLISHMENTS, SHARING OF BEST-PRACTICES AND RITUAL EXEMPLIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Schaffer Adam National President | OfficerTrustee | 1 | $0 |
James Duane Vice President For Alumni Affairs | OfficerTrustee | 2 | $0 |
Kight Ryan Vice President For Administration | OfficerTrustee | 1 | $0 |
Spedaliere Stephen Vice President For Chapter Operations | OfficerTrustee | 1 | $0 |
Cottrell Joseph Director | Trustee | 2 | $0 |
Covert Brett Director | Trustee | 2 | $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 | $5,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,066 |
| Total Program Service Revenue | $1,025,277 |
| Investment income | $46,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $27,014 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,131 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,510 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,187,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $302,289 |
| Pension plan accruals and contributions | $7,700 |
| Other employee benefits | $34,433 |
| Payroll taxes | $30,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $236 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $76,694 |
| Information technology | $2,185 |
| Royalties | $0 |
| Occupancy | $55,802 |
| Travel | $62,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,273 |
| Interest | $375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $209,202 |
| All other expenses | $0 |
| Total functional expenses | $1,126,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,376 |
| Savings and temporary cash investments | $281,941 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $226,960 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,297 |
| Prepaid expenses and deferred charges | $60,945 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,011,920 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,893 |
| Total assets | $2,673,332 |
| Accounts payable and accrued expenses | $71,625 |
| 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 | $17,835 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,361 |
| Total liabilities | $136,821 |
| Net assets without donor restrictions | $2,404,531 |
| Net assets with donor restrictions | $131,980 |
| 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 | $2,673,332 |