Totals
- Total revenue
- $397,333
- Total expenses
- $514,418
- Contributions and grants received
- $33,320
- Grants paid
- $0
- Program service revenue
- $364,000
- Investment income
- $13
- Other revenue
- $0
- Total assets, end of year
- $4,803,541
- Total liabilities, end of year
- $2,448,613
- Net assets or fund balances, end of year
- $2,354,928
- Program services expenses (Part IX)
- $484,816
- Management and general expenses
- $29,602
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $484,816
Program services were 94.2% 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
$32,500
-
1f · All other contributions, gifts and grants
$820
-
2a · Program service revenue: CHAPTER HOUSE RENT
total $364,000 · related or exempt $364,000
-
3 · Investment income
total $13 · related or exempt $13
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $23,258 · management and general $23,258
-
11c · Fees: accounting
total $3,650 · management and general $3,650
-
13 · Office expenses
total $2,694 · management and general $2,694
-
16 · Occupancy
total $46,278 · program services $46,278
-
19 · Conferences, conventions and meetings
total $3,391 · program services $3,391
-
20 · Interest
total $98,039 · program services $98,039
-
22 · Depreciation, depletion and amortization
total $230,048 · program services $230,048
-
23 · Insurance
total $45,646 · program services $45,646
-
24a · Other expenses: CHAPTER HOUSE REPAIR
total $45,748 · program services $45,748
-
24b · Other expenses: FURNITURE
total $10,138 · program services $10,138
-
24c · Other expenses: GRANT TO ED FOUNDATION
total $5,528 · program services $5,528
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$1 · end of year -$1
-
2 · Savings and temporary cash investments
beginning of year $74,466 · end of year $72,090
-
10a · Land, buildings and equipment: cost or other basis
$7,211,718
-
10b · Land, buildings and equipment: accumulated depreciation
$2,480,266
-
10c · Land, buildings and equipment, net
beginning of year $4,961,500 · end of year $4,731,452
-
25 · Other liabilities
beginning of year $2,563,952 · end of year $2,448,613
-
27 · Net assets without donor restrictions
beginning of year $2,472,013 · end of year $2,354,928
Mission and programs · 2022
Mission
OUR MISSION IS TO PROVIDE AN ADEQUATE CHAPTER HOUSE PROVIDING HOUSING FOR THE ETA CHAPTER OF ALPHA GAMMA RHO. THE CORPORATION MAINTAINS THE HOUSE PROPERTY, PAYS THE PROPERTY TAXES, INSURANCE. IN ADDITION WE PROVIDE VITAL ALUMNI SUPPORT TO THE ACTIVE CHAPTER.
-
MAINTENANCE, REPAIR, CONSTRUCTION AND IMPROVEMENT OF FRATERNITY HOUSE IN WHICH 80-85 STUDENTS OF IOWA STATE UNIVERSITY RESIDE.
Expenses $371,111
-
MANAGEMENT AND OPERATIONS EXPENSES
Expenses $113,705
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scott BorcherdingSCOTT BORCHERDING
DIRECTOR
- Total calculated
- $0
-
Bj BrugmanBJ BRUGMAN
DIRECTOR
- Total calculated
- $0
-
Andrew BurtANDREW BURT
DIRECTOR
- Total calculated
- $0
-
Tim HeillerTIM HEILLER
VICE PRESIDE
- Total calculated
- $0
-
Nate JohansenNATE JOHANSEN
DIRECTOR
- Total calculated
- $0
-
Brian LansingBRIAN LANSING
SECRETARY
- Total calculated
- $0
-
John LathamJOHN LATHAM
DIRECTOR
- Total calculated
- $0
-
Michael J NisslyMICHAEL J NISSLY
TREASURER
- Total calculated
- $0
-
Skyler RinkerSKYLER RINKER
PRESIDENT
- Total calculated
- $0
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
- 9 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321299349303477
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