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← UPSILON ALPHA BUILDING CORPORATION INC

Form 990 for tax year 2024

Filed by UPSILON ALPHA BUILDING CORPORATION INC.

Totals

Total revenue
$409,897
Total expenses
$374,917
Contributions and grants received
$105,862
Grants paid
$1,500
Program service revenue
$289,000
Investment income
$15,035
Other revenue
$0
Total assets, end of year
$1,738,462
Total liabilities, end of year
$1,484
Net assets or fund balances, end of year
$1,736,978
Program services expenses (Part IX)
$350,326
Management and general expenses
$24,591
Fundraising expenses
$0
Program service expenses (Part III)
$350,326

Program services were 93.4% 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

    $105,862

  • 2a · Program service revenue: RENTAL INCOME

    total $279,000 · related or exempt $279,000

  • 2b · Program service revenue: SERVICES

    total $10,000 · related or exempt $10,000

  • 3 · Investment income

    total $15,035 · excluded $15,035

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,500 · program services $1,500

  • 11a · Fees: management

    total $14,375 · management and general $14,375

  • 13 · Office expenses

    total $3,292 · management and general $3,292

  • 22 · Depreciation, depletion and amortization

    total $160,956 · program services $160,956

  • 23 · Insurance

    total $22,940 · program services $22,940

  • 24a · Other expenses: CHAPTER HOUSE EXPENSES

    total $119,140 · program services $119,140

  • 24b · Other expenses: PROPERTY TAXES

    total $19,966 · program services $19,966

  • 24c · Other expenses: FRATERNITY EVENTS

    total $17,884 · program services $17,884

  • 24d · Other expenses: SMALL EQUIPMENT

    total $7,940 · program services $7,940

  • 24e · All other expenses

    total $6,924 · management and general $6,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,902

  • 2 · Savings and temporary cash investments

    beginning of year $364,409 · end of year $501,951

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

    $4,281,417

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

    $3,044,906

  • 10c · Land, buildings and equipment, net

    beginning of year $1,318,071 · end of year $1,236,511

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,384 · end of year $1,484

  • 27 · Net assets without donor restrictions

    beginning of year $1,701,998 · end of year $1,736,978

Mission and programs · 2024

Mission

THE UPSILON ALPHA BUILDING CORP COLLECTS FUNDS IN ORDER TO MANAGE AND MAINTAIN THEIR CHAPTER HOUSE.

  • THE UABC PROVIDES A CHAPTER HOUSE TO ABOUT 120-140 MEN OF THE CHAPTER TO CONDUCT ITS AFFAIRS SUCH AS RESIDENTIAL ROOMS, FOR THOSE WHO LIVE IN THE CHAPTER HOUSE, A PLACE TO CONDUCT MEETINGS, A STUDY ROOM TO SUPPORT ACADEMIC ACHIEVEMENT, A KITCHEN TO PROVIDE MEALS AND FOOD SERVICE, A VENUE FOR SOCIAL EVENTS, A PLACE TO CONDUCT PHILANTHROPIC EVENTS, CAREER MENTORING PRESENTATIONS, FAMILY EVENTS AND A BASE OF OPERATIONS TO SUPPORT OTHER VOLUNTEER COMMUNITY SERVICES. IN ADDITION, UABC ALLOWS NON RESIDENT MEMBERS A VENUE TO CONDUCT THEIR FRATERNITY RELATED ACTIVITIES, AS WELL AS, MEALS AND FOOD SERVICE AND OTHER ACTIVITIES AS PREVIOUSLY STATED.

    Expenses $350,326 · Grants $1,500

As filed on the 2024 return.

Listed in Part VII

  • Jeff Mongan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Vinson San Angelo

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jeff Patch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Barker

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Deron Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Hink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deron Bocks

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202501399349301565

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