Theta Tau Educational Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Educational Support-Provide Education & Training for leadership, teamwork, Professionalism, responsibility, decision-making skills and development of others as well as provide housing for student members
- Income
- $465,207
- Spending
- $251,164
- Spent on programs
- 88%
- Reserves
- -37.5 months of spending
- Largest source of income
- investment income, 45%
- Employees
- 0
- Volunteers
- 3
Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 60 out of 100.
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
20 of 20It owes 14% of what it owns.
Living within its means
15 of 15Income exceeded spending by 46% of income.
Income trend
10 of 15Income fell 8% on the year before.
Spending floor
15 of 1588% of spending went to programs and raising each dollar of donations cost 14 cents.
Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 97 out of 100.
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- FDOG (Founders Day of Giving) fundraised $19,413 from the 42 days of Giving. The Foundation also fundraised $250-Hooper Theta Fund from FDOG. Total Fundraising Revenue for the foundation from these FDOG events was $19,663.
- $28,000 spent. The Organization makes scholarship awards to recognize and reward the scholastic achievement of Theta Tau members which included the all academic team in the amount of $23,000 and the MVAB Awards in the amount of $5,000. In the fiscal year ended May 31, 2025, there were 33 awards given to members totalling $28,000.
- $150,866 spent. The Organization provides housing for student members. The Expenses include Depreciation Expense of $28,543 for both houses, and Loan Interest Expense of $27,290 on Upsilon House
- $42,061 spent. Other Program Expenses - Total $36,445 Annual Meeting Fundraising Expenses - $3,530 Advisory Fees - to support Program Invesments-25% -$11,595 Network for Good Platforming - $5,520 Mailing Expenses - $8,697, Webinar - $1,000 Leadership Academy - $10,440 Payment Fees - Rental Income - $1,279
- Other Program Expenses - Total $36,445 42061. 0. 0.
Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending May 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 1997.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Educational Foundation Inc (Chapel Hill, NC), EIN 56-6058412. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.