Alumni Assoc Of Alpha Mu Chapter Of Phi Kappa Sigma Fraternity Inc

Organization Overview

Alumni Assoc Of Alpha Mu Chapter Of Phi Kappa Sigma Fraternity Inc is located in Wellesley, MA. The organization was established in 1993. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alumni Assoc Of Alpha Mu Chapter Of Phi Kappa Sigma Fraternity Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 08/2021, Alumni Assoc Of Alpha Mu Chapter Of Phi Kappa Sigma Fraternity Inc generated $430.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $248.1k during the year ending 08/2021. While expenses have increased by 2.1% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE QUALITY HOUSING TO MIT STUDENTS AND COMMUNICATE WITH APPROXIMATELY 500 ALUMNI MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE QUALITY HOUSING FOR UP TO 44 MIT STUDENTS IN A SUPPORTIVE ENVIRONMENT AT A REASONABLE PRICE


MAINTAIN CONTACT WITH APPROXIMATELY 500 ALUMNI THROUGH MEETINGS, PUBLICATION OF TWO NEWSLETTERS AND A WEB SITE


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Board, Officers & Key Employees

Name (title)Compensation
Keith Kallberg
Predident
$0
Robert Heatwole
Clerk
$0
Bruce Lundie
Treasurer
$0
John Cloutier
House Manager
$0
Greg Arsenault
Director
$0
Bill Lee
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$230,470
Investment income $48,537
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $150,003
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $430,010

Peer Organizations

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