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Nonprofit · EIN 31-1062612

IOTA ASSOCATION INC

Also known as IOTA ASSOCIATION

Tax-exempt (reinstated) · BRONXVILLE, NY 10708

Financials

$230K$2642023$6K$17K2024
Revenue Expenses · by fiscal year end
Financials of IOTA ASSOCATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,902$16,865-$10,963$218,410$0$218,410
December 31, 2023990$229,637$264$229,373$229,373$0$229,373
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$5,902
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$16,865

Balance sheet and other

Total assets, start of year
$229,373
Total assets, end of year
$218,410
Total liabilities, end of year
$0
Net assets, end of year
$218,410
Land, buildings and equipment
$56,204
Net assets with donor restrictions
$218,410
Gross receipts
$5,902
Employees
0
Year formed
2023
State of legal domicile
NY

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
IAN ROWANPRESIDENT
Trustee or director, Officer
2$0
PHILLIP WILSONVICE PRESIDENT
Trustee or director, Officer
2$0
JONATHAN FLAHERTYTREASURER
Trustee or director, Officer
2$0
JOHN HATFIELDSECRETARY
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
IAN ROWANPRESIDENT
Trustee or director, Officer
2$0
PHILLIP WILSONVICE PRESIDENT
Trustee or director, Officer
2$0
JONATHAN FLAHERTYTREASURER
Trustee or director, Officer
2$0
JOHN HATFIELDSECRETARY
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
17 BEECHTREE LN APT 3F, BRONXVILLE, NY 10708-1413
In care of
% IAN ROWAN
Principal officer (990 for 2024)
IAN ROWAN, 17 BEECHTREE LANE STE 3F, Bronxville, NY 10708
Signed the 990
IAN ROWAN, PRESIDENT
Phone
(917) 841-6790
Return prepared by
RAYMOND SAYLOR CPA INC

Mission

TO CONDUCT AND CARRY ON A FRATERNAL ASSOCIATION OF ALUMNI OF KENYON COLLEGE WHO WERE ACTIVE MEMBERS OF THE PSI UPSILON FRATEERNITY DURING THEIR UNDERGRADUATE YEARS AND PROVIDE MEEINGT PLACE.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE A PLACE OF MEETINGS AND SOCIAL ACTIVITIES.
    Expenses $16,865

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-N for IOTA ASSOCATION INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
31-1062612
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
2024
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B84)
Assets (IRS master file)
$218,410
Income (IRS master file)
$5,902

Revocation and reinstatement

Exemption revoked
November 15, 2010
Posted by the IRS
July 13, 2011
Reinstated
Effective October 15, 2023

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,902$16,865$218,410XML
990December 2023$229,637$264$229,373XML

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about IOTA ASSOCATION INC

What is the EIN of IOTA ASSOCATION INC?
The employer identification number (EIN) of IOTA ASSOCATION INC is 31-1062612.
Is IOTA ASSOCATION INC tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective October 15, 2023.
Are donations to IOTA ASSOCATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does IOTA ASSOCATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of IOTA ASSOCATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IOTA ASSOCATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of IOTA ASSOCATION INC?
The 990 for the year ended December 31, 2024 names IAN ROWAN.
Who are the officers and directors of IOTA ASSOCATION INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does IOTA ASSOCATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,902, expenses of $16,865 and total assets of $218,410 at year end.

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