Nonprofit · EIN 21-4014559
FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC
Tax-exempt · CARMEL, IN 46032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,625,290 | $1,868,880 | $756,410 | $20,070,130 | $470,984 | $19,599,146 |
| June 30, 2024 | 990 | $1,843,298 | $1,548,579 | $294,719 | $18,402,143 | $431,864 | $17,970,279 |
| June 30, 2023 | 990 | $1,341,324 | $1,764,697 | -$423,373 | $16,469,938 | $408,931 | $16,061,007 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,676,205
- Program service revenue
- $0
- Investment income
- $949,093
- Net gain from sales of assets
- $375,436
- Other revenue
- -$8
Expenses
- Grants and similar amounts paid
- $694,345
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $20,265
- Occupancy
- $35,000
- Travel
- $70,630
- Program services (functional)
- $971,551
- Management and general (functional)
- $388,594
- Fundraising (functional)
- $508,735
Balance sheet and other
- Total assets, start of year
- $18,402,143
- Total assets, end of year
- $20,070,130
- Total liabilities, end of year
- $470,984
- Net assets, end of year
- $19,599,146
- Publicly traded securities
- $9,906,382
- Net assets without donor restrictions
- $4,116,146
- Net assets with donor restrictions
- $15,483,000
- Gross receipts
- $3,068,398
- Employees
- 0
- Volunteers
- 35
- Year formed
- 1953
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VANCE MAULTSBY | PRESIDENT Trustee or director, Officer | 10 | $0 |
| STEVEN MUDDER | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| PAUL NORSTREM | SECRETARY Trustee or director, Officer | 5 | $0 |
| ERIC JAYAWEERA | TREASURER Trustee or director, Officer | 5 | $0 |
| PHIL PAPPAS | DIRECTOR Trustee or director | 2 | $0 |
| STEVE MACRI | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS OPRISON | DIRECTOR Trustee or director | 2 | $0 |
| BOB SASSER | DIRECTOR Trustee or director | 2 | $0 |
| MARVIN MCCONAGHY | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VANCE MAULTSBY | PRESIDENT Trustee or director, Officer | 10 | $0 |
| STEVEN MUDDER | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| PAUL NORSTREM | SECRETARY Trustee or director, Officer | 5 | $0 |
| ERIC JAYAWEERA | TREASURER Trustee or director, Officer | 5 | $0 |
| PHIL PAPPAS | DIRECTOR Trustee or director | 2 | $0 |
| STEVE MACRI | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS OPRISON | DIRECTOR Trustee or director | 2 | $0 |
| BOB SASSER | DIRECTOR Trustee or director | 2 | $0 |
| MARVIN MCCONAGHY | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VANCE MAULTSBY | PRESIDENT Trustee or director, Officer | 10 | $0 |
| STEVEN MUDDER | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| PAUL NORSTREM | SECRETARY Trustee or director, Officer | 5 | $0 |
| ERIC JAYAWEERA | TREASURER Trustee or director, Officer | 5 | $0 |
| DENNIS CARDOZA | DIRECTOR Trustee or director | 2 | $0 |
| M WALT DAVIS | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD ELDER | DIRECTOR Trustee or director | 2 | $0 |
| BOB SASSER | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 865 W CARMEL DRIVE, CARMEL, IN 46032-5880
- Principal officer (990 for 2024)
- JAMES POWELL, 865 W CARMEL DRIVE, CARMEL, IN 46032
- Signed the 990
- JAMES POWELL, ASSOCIATE EXECUTIVE DIRECTOR
- Phone
- (317) 824-1881
- Website
- WWW.THETACHI.ORG
- Return prepared by
- BLUE & CO LLC
Mission
TO SUPPORT EDUCATION AND CHARITY BY PROVIDING STUDY, SUPPORT, SCHOLARSHIPS, GRANTS AND OTHER INCENTIVES TO STUDENTS BY ASSISTING IN THE EFFICIENT USE OF EDUCATIONAL RESOURCES.
Program accomplishments
- PROVIDES EDUCATIONAL SCHOLARSHIPS TO INDIVIDUAL MEMBERS OF THE ORGANIZATION FOR ADVANCEMENT OF THEIR EDUCATIONAL COLLEGE DEGREES AND GRADUATE DEGREES. GRANTS ARE PROVIDED TO THE GENERAL FRATERNITY FOR FINANCIAL SUPPORT OF EDUCATIONAL PROGRAMMING AT LEADERSHIP CONFERENCES AND GENERAL EDUCATIONAL PROGRAMS AND SERVICES.Expenses $519,345 · grants $519,345
- PUBLICATION OF THE RATTLE, THETA CHI FRATERNITY'S OFFICAL MAGAZINE. IT IS PUBLISHED TWO TIMES PER YEAR- ONCE IN THE SUMMER AND ONCE IN THE WINTER. IT CONTAINS A VARIETY OF STORIES PERTAINING TO ALUMNI AND UNDERGRADUATE NEWS, UPDATES FROM THE HEADQUARTERS, AND OTHER TOPICS OF INTEREST.Expenses $190,314
- OTHER PROGRAM SERVICES ARE PROVIDED TO INCREASE THE FOUNDATION ENDOWMENT THROUGH TAX DEDUCTIBLE DONATIONS IN AN EFFORT TO PROVIDE ADDITIONAL EDUCATIONAL SCHOLARSHIPS AND GRANTS FOR ITS UNDERGRADUATE AND GRADUATE STUDENTS. THESE SERVICES INCLUDE MAIL SOLICITATIONS, PLANNED GIVING PROGRAM, AND OTHER GIVING PROGRAMS.Expenses $261,892 · grants $175,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 21-4014559
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1959
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $20,070,130
- Income (IRS master file)
- $3,068,398
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,625,290 | $1,868,880 | $20,070,130 | IRS |
| 990 | June 2024 | $1,843,298 | $1,548,579 | $18,402,143 | IRS |
| 990 | June 2023 | $1,341,324 | $1,764,697 | $16,469,938 | XML |
| 990 | June 2022 | $1,596,886 | $1,244,771 | $15,829,738 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 21-4014559).
Questions about FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC
- What is the EIN of FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC?
- The employer identification number (EIN) of FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC is 21-4014559.
- Is FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC?
- The 990 for the year ended June 30, 2025 names JAMES POWELL.
- Who are the officers and directors of FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,625,290, expenses of $1,868,880 and total assets of $20,070,130 at year end.
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