THETA MU CHAPTER HOUSE CORPORATION

EIN: 843196562 Education

DUNCAN, SC

Total Revenue
$96,250
Total Expenses
$70,368
Total Assets
$475,687
Net Assets
$166,016
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
SC
Principal Officer
JOSEPH WILSON JR
Phone
8647873000
Tax Period
2024-01-01 to 2024-12-31

THETA MU CHAPTER HOUSE CORPORATION, founded in 2019, is a micro nonprofit in the Education sector that reported $96K in total revenue in fiscal year 2024. The organization ran a surplus of $26K, a strong 27% operating margin.

Mission

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 CAMPU

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $96,250
Investment Income $0
Other Revenue $0
TOTAL REVENUE $96,250

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $69,071
Other Expenses $70,368
TOTAL EXPENSES $70,368

Year-over-Year Comparison

2024 2023 Change
Revenue $96,250 $96,000 +0.0%
Expenses $70,368 $52,407 +0.3%
Net Income $25,882 $43,593 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS W HILL BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE FLETCHER BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH WILSON JR PRESIDENT 1.00
Officer
$0 $0 $0
JOE BOYKIN VICE PRESIDENT 1.00
Officer
$0 $0 $0
AUSTIN MCILWAIN SECRETARY/TREASURER 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $96,250 $70,368 $475,687 $25,882
2023 $96,000 $52,407 $497,185 $43,593
2022 $98,457 $71,325 $500,764 $27,132
2021 $89,650 $96,437 $514,750 $-6,787
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