Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Pt VI, Line 6 | The Organization has 70 members who are alumni. These members elect the Board of Directors and approve the significant decisions of the Board of Directors at the annual meeting. |
| Pt VI, Line 7a | The 70 members of the Organization have the right to elect the members of the Board of Directors at the annual meeting. |
| Pt VI, Line 7b | The 70 members of the Organization have the right to ratify the decisions of the Board of Directors at the annual meeting. |
| Pt VI, Line 8b | The Organization has no committees with authority to act on behalf of the Board of Directors. |
| Pt VI, Line 11b | The Organization provides a copy of Form 990 to the Board of Directors via email and requests comments and proposed changes by a specified date. |
| Pt VI, Line 15b | The Board of Directors review and approve annually the compensation of the Housing Director. |
| Pt VI, Line 19 | The Organization makes its governing documents available to the public subject to written request. |
| Other | Revenues less expenses = $336,044. The Organization spent $3,888 in 2019 on equipment. Furthermore principal payments on secured debt were $42,737 and $50,000 on non-secured related party debt in 2019. Due to the nature of fraternal housing wear and tear, the Organization is doing a large multi-year remodel in 2020-2021. |
| Other | Section 1.263(a)-1(f) De Minimis Safe Harbor Election. The Nonprofit elects to make the de minimis safe harbor election under the Regulation 1.263(a)-1(f). Theta Chi Realty Corporation, 1440 N Jordan Ave, Bloomington, IN 47406; EIN: 31-1238715 |
| Other | Section 1.263(a)-3(h) Safe Harbor Election for Small Taxpayers. The Nonprofit elects to make the safe harbor for small taxpayers election under the Regulation 1.263(a)-3(h). Theta Chi Realty Corporation, 1440 N Jordan Ave, Bloomington, IN 47406; EIN: 31-1238715. Description of Eligible Property: Fraternity Home for exempt purpose of holding title to property that provides housing for approximately 62-72 Theta Chi Fraternity - Alpha Iota chapter members while taking classes at Indiana University |
| Software ID: | 19009670 |
| Software Version: |