Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBER RENTAL INCOME

  total $841,536 · related or exempt $841,536

• 3 · Investment income

  total $61 · unrelated business $61

• 7a · Gross sales of assets other than inventory

  other assets $735,999

• 7b · Less cost or other basis and sales expenses

  other assets $825,000

• 7c · Gain or loss

  other assets -$89,001

• 7d · Net gain or loss

  total -$89,001 · excluded -$89,001

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $51 · related or exempt $51

• 11e · Other revenue, total

  $51

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $500,000

• 11b · Fees: legal

  total $373

• 11c · Fees: accounting

  total $10,000

• 11g · Fees: other

  total $14,760

• 13 · Office expenses

  total $7,956

• 16 · Occupancy

  total $875,663

• 17 · Travel

  total $20

• 22 · Depreciation, depletion and amortization

  total $41,908

• 24a · Other expenses: OTHER EXPENSES

  total $46,948

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $486,035 · end of year $660,059

• 2 · Savings and temporary cash investments

  beginning of year $233,677 · end of year $160,652

• 4 · Accounts receivable

  beginning of year $23,040 · end of year $70,013

• 9 · Prepaid expenses and deferred charges

  beginning of year $111,021 · end of year $115,881

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

  $1,003,088

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

  $485,645

• 10c · Land, buildings and equipment, net

  beginning of year $1,384,351 · end of year $517,443

• 15 · Other assets

  beginning of year $1,115,438 · end of year $1,146,285

• 17 · Accounts payable and accrued expenses

  beginning of year $2,509 · end of year $1,567

• 19 · Deferred revenue

  beginning of year $68,886 · end of year $73,209

• 25 · Other liabilities

  beginning of year $1,298,745 · end of year $1,357,116

• 27 · Net assets without donor restrictions

  beginning of year $1,983,422 · end of year $1,238,441

The filer's explanations (Part III)

PART I, LINE 3

THE RELATED ORGANIZATION, ALPHA DELTA PI SORORITY, USES APPROVAL BY THE GRAND COUNCIL IN DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR.