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Nonprofiteer
← BETA ALPHA CHAPTER OF PI KAPPA PHI INC

Form 990 for tax year 2022

Filed by BETA ALPHA CHAPTER OF PI KAPPA PHI INC.

Totals

Total revenue
$314,320
Total expenses
$312,371
Contributions and grants received
$86,784
Grants paid
$0
Program service revenue
$227,520
Investment income
$16
Other revenue
$0
Total assets, end of year
$1,644,879
Total liabilities, end of year
$921,635
Net assets or fund balances, end of year
$723,244
Program services expenses (Part IX)
$304,329
Management and general expenses
$8,042
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 97.4% 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.

  • 1f · All other contributions, gifts and grants

    $86,784

  • 2a · Program service revenue: NJIT ROOM RENTS/FEES

    total $227,520 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $16 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $7,192 · program services $0 · management and general $7,192 · fundraising $0

  • 11c · Fees: accounting

    total $850 · program services $0 · management and general $850 · fundraising $0

  • 16 · Occupancy

    total $106,378 · program services $106,378 · management and general $0 · fundraising $0

  • 20 · Interest

    total $32,988 · program services $32,988 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $82,139 · program services $82,139 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $15,816 · program services $15,816 · management and general $0 · fundraising $0

  • 24a · Other expenses: FOUNDERS DAY

    total $12,061 · program services $12,061 · management and general $0 · fundraising $0

  • 24b · Other expenses: 75th ANNIVERSARY

    total $54,947 · program services $54,947 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,463 · end of year $51,039

  • 2 · Savings and temporary cash investments

    beginning of year $191,313 · end of year $188,828

  • 10a · Land, buildings and equipment: cost or other basis

    $2,312,683

  • 10b · Land, buildings and equipment: accumulated depreciation

    $908,562

  • 10c · Land, buildings and equipment, net

    beginning of year $1,472,887 · end of year $1,404,121

  • 14 · Intangible assets

    beginning of year $901 · end of year $891

  • 23 · Secured mortgages and notes payable

    beginning of year $992,269 · end of year $921,635

  • 27 · Net assets without donor restrictions

    beginning of year $721,295 · end of year $723,244

Mission and programs · 2022

Mission

TO PROMOTE AND FOSTER THE FRATERNITY PRINCIPLES AND IDEALS OF PI KAPPA PHI FRATERNITY BY HOLDING REAL ESTATE AND PERSONAL PROPERTY FOR A CHAPTER HOUSE FOR BETA ALPHA CHAPTER.

  • OPERATION OF THE CHAPTER HOUSE OF PI KAPPA PHI FRATERNITY - LOCATED AT THE NEW JERSEY INSTITUTE OF TECHNOLOGY.

As filed on the 2022 return.

Listed in Part VII

  • John F Lee Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Michael Haraka

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Derek Torres

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Christian Beckmann

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

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.

Provenance

Return type
form_990
Tax year
2022
Filed
5 October 2023
IRS schema version
2022v5.0
Source object
202400719349300720

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