Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE THETA MU CHAPTER HOUSE CORPORATION, HERETO REFERRED TO AS TMCHC, INTENDS TO OPERATE IN AN EFFORT TO SUPPORT MEMBERS OF FRATERNAL ORGANIZATIONS (STUDENTS) WITH SCHOLARSHIP FUNDS TO BE USED FOR NORMAL EXPENSES RELATED TO THEIR EDUCATION (I.E. FOOD, TEXTBOOKS, ETC.). THIS IS THE GOAL OF OUR ORGANIZATION AND EVIDENCES OUR COMMITMENT TO STUDENTS AND OUR EXEMPT PURPOSE. TMCHC IS IN THE PROCESS OF ESTABLISHING A FUNDING BASE, BY WHICH THESE FUNDS WOULD BE COLLECTED AND LATER DISBURSED. ORIGINALLY, A PORTION OF FUNDS WAS RECEIVED FROM THE DELTA TAU DELTA NATIONAL FRATERNITY ORGANIZATION; HOWEVER, THIS HAS NOT CONTINUED EXPLICITLY DUE TO ORGANIZATIONAL SANCTIONS ON CLEMSON UNIVERSITY'S CAMPUS. THUS, THE FUNDING BASE NOW AIMS TO BE MAINLY ESTABLISHED FROM THE RENT COLLECTED FROM THE STUDENT TENANTS OF THE HOUSE (ORGANIZATION AGNOSTIC), AS WELL AS CONTRIBUTIONS EXPECTED FROM FRATERNITY MEMBERS AND FUND-RAISING ACTIVITIES, INCLUDING BUT NOT LIMITED TO PHILANTHROPIC EVENTS ON CAMPUS, PARTNERSHIPS WITH BUSINESSES IN THE CLEMSON COMMUNITY, ETC. THE FUNDS WILL BE ACCESSIBLE THROUGH A SIMPLE APPLICATION, WHICH TAKES INTO ACCOUNT NEED AND MERIT - AND THE AWARDEES AND ASSOCIATED AMOUNTS ARE DETERMINED BY THE BOARD OF TMCHC, AS OUTLINED BELOW, CONSIDERING THE ABOVE AS WELL AS THE AMOUNT OF FUNDS REMAINING. THE FUNDS ARE NOT LIMITED TO ANY PARTICULAR FRATERNITY CHAPTER, AS THE FUNDS WILL HAVE BEEN OBTAINED FROM MULTIPLE ORGANIZATIONS WHO ARE UTILIZING THE TMCHC PROPERTY. AS ONE OF THE MAIN ACTIVITIES OF THE TMCHC IS MAINTAINING THE HOUSE, FUNDS FROM THE CURRENT OPERATING ACCOUNT ARE USED ALSO FOR PROPERTY TAXES, MORTGAGE PAYMENTS, INSURANCE, AND MAINTENANCE; THUS, THE SCHOLARSHIP FUNDING BASE IS DYNAMIC AND DEPENDENT ON A MILIEU OF FACTORS. DUE TO COVID-19, THERE WAS A DROP IN RENTAL INCOME (SCHOOL CLOSURE); FURTHER, THE FUNDING GOALS OF A SPECIAL BANK ACCOUNT FOR SUCH AWARDS HAS NOT YET BEEN ACHIEVED, SO NO FUNDS HAVE YET BEEN AWARDED TO STUDENTS. HOWEVER, FUNDS SHALL BE AWARDED IN THE NEAR FUTURE - AND THUS THIS WOULD FURTHER OUR TAX- EXEMPT PURPOSE, AS THIS IS A NON-PROFIT ORGANIZATION AIMING TO SUPPORT UNIVERSITY STUDENTS, ASIDE FROM HELPING PROVIDE AND MAINTAIN HOUSING FOR THEM. TO BE CLEAR, NO MEMBER OF THE CORPORATION RECEIVES PAYMENT FROM THE CORPORATION WITH EXCEPTION TO APPROVED REIMBURSEMENT OF PERSONAL EXPENSES,ASSUMED ON BEHALF OF THE CORPORATION - AND FURTHER, THERE ARE CURRENTLY NO EMPLOYEES OR CONSULTANTS BEING PAID BY THE CORPORATION; THUS, THE TMCHC IS TRULY MINIMIZING SPENDING, WORKING BASED ON VOLUNTEERING, AND MAXIMIZING ITS PURPOSE IN SUPPORTING STUDENTS. |
| FORM 990, PAGE 2, PART III, LINE 4D | TO SUPPORT MEMBERS OF FRATERNAL ORGANIZATIONS (STUDENTS) WITH SCHOLARSHIP FUNDS TO BE USED FOR NORMAL EXPENSES RELATED TO THEIR EDUCATION (I.E. FOOD, TEXTBOOKS, ETC.). |
| FORM 990, PAGE 6, PART VI, LINE 6 | YES |
| FORM 990, PAGE 6, PART VI, LINE 11B | NO REVIEW WAS OR WILL BE CONDUCTED. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
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