Iota Foundation
Nonprofit profile at a glance
- EIN
- 201194576
- IRS 990-EZ coverage
- 2017–2025
- Forms available
- Form 990 2024, Form 990-EZ 2025, Form 990-N 2020
- Location
- Petaluma, CA, USA
- Phone
- 7077629900
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $21,306
- Expenses
- $19,063
- Assets
- $411,960
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MATT TUNNEY (PRESIDENT)
- MIKE MAECHLING (VICE-PRESIDENT)
People named in this filing
- DAN MEADE (TRUSTEE)
- ROB GIBBONS (TRUSTEE)
- RAY POUNDS (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The iota foundation's mission is to (a) support the educational and charitable programs and activities of the iota chapter of zeta psi fraternity (the "fraternity") at the university of California, berkeley (berkeley); (b) promote and further academic excellence at berkeley; (c) provide academic scholarships and support to qualified needy and deserving individuals; (d) conduct and support the charitable and other community service programs and projects of the fraternity and berkeley; and (e) performing such other activities as are consistent with its exempt purposes.
What it reported doing in 2025
Support of the zeta psi fraternity at the university of California, berkeley
Operating model
- Revenue model
- Investment-supported. 95% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 82
- Sustainability: 71
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.5%; rating input score 65
- Program expense ratio: 75%; rating input score 75
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 10.5%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 21.61; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 34.1% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: -3.8% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: -3.7% per year; rating input score 0; 27th percentile among comparable filings
Details
- Where the money goes: 65.5% of revenue deployed · 75% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $14K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.