Totals
- Total revenue
- $761,285
- Total expenses
- $722,067
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $761,285
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,439,550
- Total liabilities, end of year
- $1,155,265
- Net assets or fund balances, end of year
- $1,284,285
- Program services expenses (Part IX)
- $722,067
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $722,067
Program services were 100.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Chapter Member Fees
total $761,285 · related or exempt $761,285 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $43,200 · program services $43,200
-
10 · Payroll taxes
total $8,777 · program services $8,777
-
23 · Insurance
total $29,715 · program services $29,715
-
24a · Other expenses: Kitchen Operations
total $271,200 · program services $271,200 · management and general $0 · fundraising $0
-
24b · Other expenses: Chapter House Mortgage
total $109,800 · program services $109,800 · management and general $0 · fundraising $0
-
24c · Other expenses: Chapter House Utilities
total $128,664 · program services $128,664 · management and general $0 · fundraising $0
-
24d · Other expenses: Chatper House Renovations
total $130,711 · program services $130,711 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $332 · end of year $39,550
-
2 · Savings and temporary cash investments
beginning of year $0
-
3 · Pledges and grants receivable
beginning of year $0
-
4 · Accounts receivable
beginning of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0
-
7 · Other notes and loans receivable
beginning of year $0
-
8 · Inventories for sale or use
beginning of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,400,000
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $2,035,022 · end of year $2,400,000
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $1,212,393 · end of year $1,155,265
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $332 · end of year $39,550
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $822,629 · end of year $1,244,735
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
To own, operate and maintain a chapter house for our college social fraternal organization located on Louisiana State University's campus
Activities or mission (Part I)
To own, operate and maintain a chapter house for our college social fraternal organization located at Louisiana State University's campus
-
The House Corporation provides meal plans for all chapter members. We provide 5 lunches/week and 4 dinners/week.
Expenses $271,200
-
The House Corporation pays for all utilities for our Chapter House including electricity, internet, cable, cleanings, inspections, insurance, etc
Expenses $128,664
-
The House Corporation pays the mortgage for the chapter house facility on LSU's campus
Expenses $109,800
-
The House Corporation pays for all renovations and repairs to the chapter house facility, as well as pays the chapter house insurance and salaries & taxes of our 2 employees.
Expenses $212,403
As filed on the 2022 return.
Listed in Part VII
-
Chris Adams
President
- Total calculated
- $0
- Hours/week
- 5
-
Brett Bollinger
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Shawn Lowe
Chapter Advisor
- Total calculated
- $0
- Hours/week
- 5
-
Tommy Smith
University Advisor
- Total calculated
- $0
- Hours/week
- 1
-
Hugh Wall
At Large Officer
- 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
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323189349302202
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