Iota Phi Inc in High Point, North Carolina (NC)
Table of contents:
| Iota Phi Inc | |
| Employer Identification Number (EIN) | 562194606 |
| Name of Organization | Iota Phi Inc |
| Address | PO BOX 390, High Point, NC 27261-0390 |
| Subsection | Educational Organization |
| Ruling Date | 06/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $34,470 |
| Amount of Income | $4,966 |
| Form 990 Revenue Amount | $4,616 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Student Sororities, Fraternities |
Non-representatives - add comments:
Amount of income in 2013: $4,966 (it was $13,783 in 2012)
| This organization: | $4,966 |
| Other organizations performing similar types of work: | $112,883 |
Assets in 2013: $34,470 (it was $31,602 in 2012)
| This organization: | $34,470 |
| Other organizations performing similar types of work: | $178,896 |
Expenses in 2013: $1,748
| This organization: | $1,748 |
| Other organizations performing similar types of work: | $85,543 |
Income to expenses ratio in 2013: 2.8
| Iota Phi Inc: | 2.8 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 35.9%
| Iota Phi Inc: | 35.9% |
| Other organizations performing similar types of work: | 1.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $1,545 | $13,783 | $4,616 |
| Contributions, gifts, grants, and similar amounts received | $910 | $11,655 | $1,655 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $678 | $238 | $432 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-43 | $1,890 | $1,765 |
| Gross income from gaming | $0 | $1,890 | $2,115 |
| Gross income from fundraising events | $245 | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $288 | $0 | $350 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $764 |
| Total expenses | $2,253 | $5,946 | $1,748 |
| Total net assets | $23,765 | $31,602 | $34,470 |
| Excess/Deficit for the year | $-708 | $7,837 | $2,868 |
| Net assets or fund balances at beginning of year | $24,473 | $23,765 | $31,602 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $31,602 | $34,470 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $23,765 | $31,602 | $34,470 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $23,765 | $31,602 | $34,470 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $16,093 |
| Subtotal Support | $16,093 |
| Gifts, grants, contributions, and membership fees received | $16,093 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $16,093 |
| Public Support | $16,093 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Theta Tau Fraternity | 4 Maiden Ln, Raleigh Nc, NC 27607 | NC | 2010-11 | $871,127 |
| 2 | Beta Tau Chapter Of Sigma Nu Fraternity House Corporation Inc | 1021 Goodworth Dr, Apex, NC 27539 | NC | 2013-07 | $370,585 |
| 3 | Tau Chapter Building Corp | PO BOX 4633, Chapel Hill, NC 27515-4633 | NC | 2002-03 | $302,115 |
| 4 | Theta Nu Xi Multicultural Sorority Incorporated | 387 Stone Meadow Dr, Kernersville, NC 27284-7059 | NC | 2003-08 | $113,101 |
| 5 | Sigma Alpha Omega Christian Sorority | Asu Box 32200, Boone, NC 28608 | NC | 2010-11 | $104,181 |
| 6 | Kappa Alpha Psi Fraternity Inc Charlotte Alumni Chapter | P O Box 16286, Charlotte, NC 28216 | NC | 2014-03 | $67,505 |
| 7 | Rusk Eating House Inc | PO BOX 1012, Davidson, NC 28036-1012 | NC | 2003-02 | $58,538 |
| 8 | Delta Chi National Housing Corporation, Delta Chi Iu House Corporation | 114 Trinity Woods Dr, Raleigh, NC 27607-4948 | NC | 2001-10 | $37,377 |
| 9 | Iota Phi Inc | PO BOX 390, High Point, NC 27261-0390 | NC | 2009-06 | $4,966 |
| 10 | Alpha Epsilon Pi - Gamma Beta Chapter | 1834 Wake Forest Rd Unit 8840, Winston Salem, NC 27109-6114 | NC | 1960-09 | $4,150 |
| 11 | Zeta Phi Beta Sorority Inc | Po Box 428, High Point, NC 27261 | NC | 2012-06 | $3,530 |
| 12 | Epsilon Beta Chapter | 2520 Murchison Road, Fayetteville, NC 28301 | NC | 2014-05 | $1,247 |
| 13 | Alpha Kappa Alpha Sorority Inc Theta Pi | PO BOX 1107, Chapel Hill, NC 27514-1107 | NC | 2014-10 | $0 |
| 14 | Alpha Kappa Alpha Sorority Inc, 524 Beta Iota Omega | PO BOX 20724, Greensboro, NC 27420-0724 | NC | 1952-10 | $0 |
| 15 | Alpha Kappa Alpha Sorority Inc, Chi Rho Omega | PO BOX 434, Knightdale, NC 27545-0434 | NC | 1952-10 | $0 |
| 16 | Alpha Kappa Alpha Sorority Inc, Delta Alpha | PO BOX 15467, Fayetteville, NC 28301-4415 | NC | 2014-03 | $0 |
| 17 | Alpha Kappa Alpha Sorority Inc, Gamma Lambda | 6015 Claudias Ln Apt 202, Winston Salem, NC 27103-7172 | NC | 1952-10 | $0 |
| 18 | Alpha Kappa Alpha Sorority Inc, Mu Omicron Omega | PO BOX 16486, Chapel Hill, NC 27516-6486 | NC | 1952-10 | $0 |
| 19 | Alpha Kappa Alpha Sorority Inc, Omicron Kappa | Asu Box 32200, Boone, NC 28608-0001 | NC | 1983-02 | $0 |
| 20 | Alpha Kappa Alpha Sorority Inc, Omicron Lambda | PO BOX 223, Fairmont, NC 28340-0223 | NC | 1983-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,604 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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