Tau Epsilon Phi Fraternity
- Assets
- $677.9k
- Revenue
- $113.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 12/1940
- Data as of
- 12/2023
- EIN
- 16-1686778
Organization Overview
Tau Epsilon Phi Fraternity is located in Somerville, MA. 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. Tau Epsilon Phi Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Tau Epsilon Phi Fraternity generated $113.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE ADVICE AND ASSISTANCE TO CURRENT UNDERGRADUATE MEMBERS OF TAU EPSILON PHI, XI CHAPTER,IN MAINTAINING THEIR HOUSE BOTH SOCIALLY AND PHYSICALLY, AND TO SERVE AS A LIAISON BETWEEN THE FRATERNITY AND THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADVICE AND ASSISTANCE TO CURRENT UNDERGRADUATE MEMBERS OF TAU EPSILON PHI, XI CHAPTER, IN MAINTAINING THEIR HOUSE BOTH SOCIALLY AND PHYSICALLY.
ORGANIZE COMMUNITY EVENTS FOR ALUMNI. MAINTAIN WEBSITE AND SEND PERIODIC NEWSLETTER.
COMMUNICATE WITH MIT ABOUT ISSUES RELEVANT TO TAU EPSILON PHI, XI CHAPTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Sinback Director | Trustee | 2 | $0 |
Jabari King Director | Trustee | 2 | $0 |
Andrew W Sudbury Director | Trustee | 2 | $0 |
Ian Collier Director | Trustee | 2 | $0 |
Adam Ganderson Director | Trustee | 2 | $0 |
Nicholas Elias Matsakis President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,220 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,562 |
| Total Program Service Revenue | $0 |
| Investment income | $1,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $81,860 |
| 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 | $113,477 |
| 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 | $3,300 |
| 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 | $153 |
| Advertising and promotion | $40 |
| Office expenses | $0 |
| Information technology | $598 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $4,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488,231 |
| Savings and temporary cash investments | $0 |
| 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 | $189,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $677,928 |
| 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 | $368,036 |
| Total liabilities | $368,036 |
| 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 | $309,892 |
| Total liabilities and net assets/fund balances | $677,928 |