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Nonprofiteer
← PLENITUDE INVESTMENTS INC

Form 990 for tax year 2022

Filed by PLENITUDE INVESTMENTS INC.

Totals

Total revenue
$363,044
Total expenses
$88,852
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$363,044
Other revenue
$0
Total assets, end of year
$8,872,134
Total liabilities, end of year
$287,944
Net assets or fund balances, end of year
$8,584,190
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$88,852

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $363,044 · unrelated business $22,464 · excluded $340,580

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,670

  • 11f · Fees: investment management

    total $21,464

  • 20 · Interest

    total $8,300

  • 23 · Insurance

    total $54,418

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $7,424,831 · end of year $8,648,269

  • 13 · Investments: program-related

    beginning of year $223,865 · end of year $223,865

  • 15 · Other assets

    beginning of year $600,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,835 · end of year $13,752

  • 23 · Secured mortgages and notes payable

    beginning of year $600,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $240,288 · end of year $274,192

  • 27 · Net assets without donor restrictions

    beginning of year $7,386,573 · end of year $8,584,190

Mission and programs · 2022

Mission

TO OPERATE AND MAINTAIN INVESTMENTS SOLELY FOR THE BENEFIT OF ALPHA TAU OMEGA FRATERNITY INC.

  • PLENITUDE INVESTMENTS INC HAS AN INVESTMENT INTEREST IN AN INTER-FRATERNITY CAPTIVE MUTUAL RE-INSURANCE COMPANY, FRMT, LTD., THROUGH WHICH IT HAS THIRD PARTY LIABILITY INSURANCE COVERAGE. THE RISK MANAGEMENT PROGRAM IS FOR THE SOLE BENEFIT OF ALPHA TAU OMEGA FRATERNITY INC.

    Expenses $88,852

As filed on the 2022 return.

Listed in Part VII

  • Wynn R Smiley

    PRESIDENT

    Total calculated
    $349,100
    From this org
    $0
    From related orgs
    $349,100
    Other
    $0
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,100 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $349,100 related

  • Ryan Mahoney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gavin Chinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Austin Pennington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Spencer Caperton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob McKenney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS OF THE RELATED PARTY REVIEW THE COMPENSATION OF THE CEO AND DETERMINES ANNUAL SALARY ADJUSTMENTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ALPHA TAU OMEGA FRATERNITY INC

    501(C)(7) · TO PROMOTE AND CULTIVATE SOCIAL INTERACTION, EDUCATION, AND DEVELOPMENT · IN

  • ATO OPERATIONS LLC

    501(C)(7) · OPERATIONAL ENTITY FOR ALPHA TAU OMEGA FRATERNITY, INC · IN

    Directly controlled by ALPHA TAU OMEGA FRATERNITY INC

  • ALPHA TAU OMEGA FOUNDATION INC

    501(C)(3) · EDUCATIONAL GRANTS, SCHOLARSHIPS, AND PROGRAMS · IL

  • RICHMOND PROPERTY GROUP LTD

    501(C)(7) · MAINTENANCE OF COLLEGIATE, FRATERNAL HOUSING · IN

    Directly controlled by ALPHA TAU OMEGA FRATERNITY INC

Provenance

Return type
form_990
Tax year
2022
Filed
17 January 2024
IRS schema version
2022v5.0
Source object
202400379349301020

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