Form 990 for tax year 2023
Filed by PHI KAPPA TAU FRATERNITY PROPERTIES INC.
Totals
- Total revenue
- $4,750
- Total expenses
- $40,283
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $4,750
- Total assets, end of year
- $183,422
- Total liabilities, end of year
- $486,577
- Net assets or fund balances, end of year
- -$303,155
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
6a · Gross rents
real property $4,200
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $4,200
-
6d · Net rental income or loss
total $4,200 · related or exempt $4,200
-
11a · Other revenue: MISCELLANEOUS INCOME-P
total $550 · related or exempt $550
-
11e · Other revenue, total
$550
Functional expenses
Part IX, the statement of functional expenses.
-
16 · Occupancy
total $12,733
-
20 · Interest
total $4,114
-
22 · Depreciation, depletion and amortization
total $10,686
-
24a · Other expenses: BAD DEBT
total $12,750
Balance sheet
Part X, book values.
-
10a · Land, buildings and equipment: cost or other basis
$369,380
-
10b · Land, buildings and equipment: accumulated depreciation
$185,958
-
10c · Land, buildings and equipment, net
beginning of year $194,108 · end of year $183,422
-
15 · Other assets
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $90,852 · end of year $71,998
-
25 · Other liabilities
beginning of year $370,878 · end of year $414,579
-
27 · Net assets without donor restrictions
beginning of year -$267,622 · end of year -$303,155
Mission and programs · 2023
Mission
NONE
Activities or mission (Part I)
MAINTAIN AND HOLD TITLE TO REAL PROPERTY FOR THE FRATERNITY AND ITS CHAPTERS.
-
PHI KAPPA TAU PROPERTIES IS THE TITLE HOLDING COMPANY FOR A CONDOMINIUM USED TO HOUSE LEADERSHIP CONSULTANTS OF VARIOUS FRATERNAL ORGANIZATIONS.
As filed on the 2023 return.
Listed in Part VII
-
Dale HollandDALE HOLLAND
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Michael LummusMICHAEL LUMMUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jon HaysJON HAYS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jack AlvenusJACK ALVENUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David LapinskiDAVID LAPINSKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Matthew ArnoldMATTHEW ARNOLD
EXECUTIVE VICE PRESIDENT
- Total calculated
- $120,917
- From this org
- $0
- From related orgs
- $111,621
- Other
- $9,296
- Hours/week
- 4 + 40 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.
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.
-
501(C)(7) · FRATERNITY · OH
-
501(C)(3) · EDUCATIONAL · OH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541349349304369
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