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Nonprofiteer
← 1848 PROPERTIES INC

Form 990 for tax year 2023

Filed by 1848 PROPERTIES INC.

Totals

Total revenue
$16,897
Total expenses
$18,004
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$8,037
Other revenue
$8,860
Total assets, end of year
$277,119
Total liabilities, end of year
$30
Net assets or fund balances, end of year
$277,089
Program services expenses (Part IX)
$0
Management and general expenses
$18,004
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.

  • 3 · Investment income

    total $8,037 · excluded $8,037

  • 11a · Other revenue: MISC REVENUE

    total $8,860 · related or exempt $8,860

  • 11e · Other revenue, total

    $8,860

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: HEADQUARTERS & PROGRAM

    total $18,004 · management and general $18,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $67,243 · end of year $58,099

  • 12 · Investments: other securities

    beginning of year $206,563 · end of year $219,020

  • 17 · Accounts payable and accrued expenses

    beginning of year $30 · end of year $30

  • 28 · Net assets with donor restrictions

    beginning of year $273,776 · end of year $277,089

Mission and programs · 2023

Mission

TO HOLD TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ITS SOLE MEMBER, PHI GAMMA DELTA FRATERNITY, INC. ("FRATERNITY"), A NON-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("CODE") SECTION 501(C)(7).

Activities or mission (Part I)

THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ITS SOLE MEMBER, PHI GAMMA DELTA FRATERNITY, INC. ("FRATERNITY"), A NON-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("CODE") SECTION 501(C)(7).

  • TO HOLD TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ITS SOLE MEMBER, PHI GAMMA DELTA FRATERNITY, INC. ("FRATERNITY"), A NON-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("CODE") SECTION 501(C)(7).

    Revenue $8,860

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James B Hickey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • D Mark Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kurt M Niebuhr

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alexander S Wylie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas M Waldon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob Caudill

    EXECUTIVE DIRECTOR

    Total calculated
    $243,003
    From this org
    $0
    From related orgs
    $243,003
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,003 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $243,003 related

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202403139349303475

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