Cornell Acacia Fraternity Inc
- Assets
- $318.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 10/1940
- Data as of
- 06/2023
- EIN
- 16-1450102
Organization Overview
Cornell Acacia Fraternity Inc is located in Ithaca, NY. The organization was established in 1940. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Cornell Acacia 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 06/2023, Cornell Acacia Fraternity Inc generated $95.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (37.9%) each year. All expenses for the organization totaled $137.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OWN & MAINTAIN FRATERNITY HOUSE ADJACENT TO CORNELL UNIVERSITY.
Describe the Organization's Program Activity:
Part 3
BAR ROOM RENOVATION, INCLUDING PAINT, CUSTOM DJ TABLE, POOL TABLE RENOVATIONS, BAR STOOLS, BASEBOARD, ELECTRICAL UPGRADES, SOUND SYSTEM.
MAINTENANCE AND REPAIRS
BAR ROOM RENOVATION, INCLUDING PAINT, CUSTOM DJ TABLE, POOL TABLE RENOVATIONS, BAR STOOLS, BASEBOARD, ELECTRICAL UPGRADES, SOUND SYSTEM.
MAINTENANCE AND REPAIRS
REPLACE FIRE SPRINKLER SYSTEM CONTROL VALVE
REPLACE FIRE SPRINKLER SYSTEM CONTROL VALVE
PURCHASE NEW FREEZER
PURCHASE NEW FREEZER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven L Stein President & Treasurer | 4 | $0 | |
Elie Bilmes Director | 1 | $0 | |
Hanny Martinovici Director | 1 | $0 | |
Christian Choi Director | 1 | $0 | |
Thomas Schultz Director | 1 | $0 | |
Thomas Ricketts Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,746 |
| Total Program Service Revenue | $80,000 |
| Membership dues | $3,994 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,059 |
| Total Revenue | $95,805 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $128,736 |
| Printing, publications, postage, and shipping | $4,159 |
| Other expenses | $4,580 |
| Total expenses | $137,475 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $254,046 |
| Other assets | $0 |
| Total assets | $318,546 |
| Total liabilities | $0 |
| Net assets or fund balances | $318,546 |