Mass Eta Of Phi Kappa Theta Alumni Corp
- Assets
- $2.0m
- Revenue
- $114.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/1948
- Data as of
- 12/2021
- EIN
- 04-6063508
Organization Overview
Mass Eta Of Phi Kappa Theta Alumni Corp is located in Boston, MA. The organization was established in 1948. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Mass Eta Of Phi Kappa Theta Alumni Corp is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Mass Eta Of Phi Kappa Theta Alumni Corp generated $114.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $108.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL AND FRATERNAL ORGANIZATION THAT PROVIDES COLLEGIATE HOUSING FOR UNDERGRADUATES PUBLISHES SEMIANNUAL NEWSLETTERS HOLDS ALUMNI EVENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING FOR UNDERGRADUATE FRATERNAL MEMBERS.
TO CONDUCT SOCIAL & FRATERNAL ACTIVITIES, INCLUDING PUBLISHING SEMI-ANNUAL NEWSLETTER FOR ALUMNI AND HOLDING ANNUAL REUNION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Suber Vice President | Officer | $0 | |
James Noraky 3year Director | Officer | $0 | |
Ladd Horvath Treasurer | Officer | $0 | |
Erik Hjerpe President | Officer | $0 | |
Edward Martens Secretary | Officer | $0 | |
Jordan Mizerak 1year Director | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,341 |
| Total Program Service Revenue | $54,437 |
| Investment income | $50,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,976 |
| Office expenses | $25 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,041 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $108,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,887 |
| Savings and temporary cash investments | $31,547 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,605,750 |
| Investments—publicly traded securities | $330,153 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,977,337 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,977,337 |
| Total liabilities and net assets/fund balances | $1,977,337 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mass Eta Of Phi Kappa Theta Alumni Corp has recieved totaling $56,372.
| Awarding Organization | Amount |
|---|---|
Massachusetts Institute Of Technology Cambridge, MA PURPOSE: IRDF Grant | $28,186 |
Massachusetts Institute Of Technology Cambridge, MA PURPOSE: IRDF Grant | $28,186 |