Totals
- Total revenue
- $1,327,268
- Total expenses
- $1,393,708
- Contributions and grants received
- $53,424
- Grants paid
- $0
- Program service revenue
- $1,273,844
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,720,376
- Total liabilities, end of year
- $2,650,426
- Net assets or fund balances, end of year
- $69,950
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1d · Related organizations
$50,000
-
1f · All other contributions, gifts and grants
$3,424
-
2a · Program service revenue: ROOM AND BOARD - HOUSE
total $1,273,844 · related or exempt $1,273,844
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $153,767
-
10 · Payroll taxes
total $22,599
-
11c · Fees: accounting
total $29,758
-
12 · Advertising and promotion
total $4,155
-
13 · Office expenses
total $20,613
-
16 · Occupancy
total $295,274
-
19 · Conferences, conventions and meetings
total $700
-
20 · Interest
total $193,117
-
22 · Depreciation, depletion and amortization
total $256,941
-
23 · Insurance
total $38,461
-
24a · Other expenses: FOOD
total $209,238
-
24b · Other expenses: PROPERTY TAXES
total $80,663
-
24c · Other expenses: CHAPTER EXPENSES
total $51,292
-
24d · Other expenses: LINENS
total $17,977
-
24e · All other expenses
total $19,153
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,171 · end of year $24,053
-
4 · Accounts receivable
beginning of year $10,000 · end of year $10,000
-
10a · Land, buildings and equipment: cost or other basis
$6,002,041
-
10b · Land, buildings and equipment: accumulated depreciation
$3,315,718
-
10c · Land, buildings and equipment, net
beginning of year $2,769,718 · end of year $2,686,323
-
17 · Accounts payable and accrued expenses
beginning of year $82,730 · end of year $82,730
-
23 · Secured mortgages and notes payable
beginning of year $2,566,769 · end of year $2,567,696
-
27 · Net assets without donor restrictions
beginning of year $136,390 · end of year $69,950
Mission and programs · 2024
Mission
FOSTER A BROTHERHOOD FOUNDED ON ACADEMICS AND SERVICE. THROUGH MENTORSHIP, EDUCATIONAL SUPPORT, AND COMMUNITY ENGAGEMENT, WE EMPOWER EACH MEMBER TO ACHIEVE THEIR HIGHEST POTENTIAL DURING THEIR COLLEGE YEARS AND BEYOND.
-
FRATERNITY HOUSE - ROOM AND BOARD; CORPORATION OWNS FRATERNITY HOUSE AND FURNISHES ROOM AND BOARD FOR LODGING FEES TO ACTIVE MEMBERS OF THE FRATERNITY THAT ARE ATTENDING COLLEGE.
As filed on the 2024 return.
Listed in Part VII
-
Dustin ColebankDUSTIN COLEBANK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David ErstineDAVID ERSTINE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Clay HamiltonCLAY HAMILTON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jeb JoyceJEB JOYCE
EX OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Andrew LauroANDREW LAURO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Conner McNairCONNER MCNAIR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Malcolm McNairMALCOLM MCNAIR
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Phil SchoettlinPHIL SCHOETTLIN
HISTORIAN
- Total calculated
- $0
- Hours/week
- 1
-
Tim StidamTIM STIDAM
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Martin SwopeMARTIN SWOPE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Patrick SwopePATRICK SWOPE
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Lenny WhitemanLENNY WHITEMAN
MEMBER
- 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.
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.
-
XI EDUCATIONAL FOUNDATION OF AR INC
501C3 · ED SUPPORT · AR
-
KAPPA SIGMA FRATERNITY XI CHAPTER
501C7 · FRATERNITY · AR
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202532879349301923
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