Alumni Corp Of Alpha Delta Phi At Cornell is located in Ithaca, NY. The organization was established in 1945. 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. Alumni Corp Of Alpha Delta Phi At Cornell 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, Alumni Corp Of Alpha Delta Phi At Cornell generated $439.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $338.2k during the year ending 06/2023. While expenses have increased by 2.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE HOUSING, ACADEMIC ENRICHMENT, LEADERSHIP DEVELOPMENT, AND CAREER AND SOCIAL OPPORTUNITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ROOM, BOARD, AND FELLOWSHIP TO MEMBERS OF A COLLEGE FRATERNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Howard Schaffer President | OfficerTrustee | 1 | $0 |
Philip Ballard Secretary | OfficerTrustee | 1 | $0 |
Patrick Kavanagh Treasurer | OfficerTrustee | 1 | $0 |
Thomas Rothfels Director | Trustee | 1 | $0 |
Richard Seestadt Director | Trustee | 1 | $0 |
Joseph Tucceri Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $34,930 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $209,020 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $243,950 |
Total Program Service Revenue | $195,401 |
Investment income | $0 |
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 | $439,351 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,332 |
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 | $83,297 |
Fees for services: Legal | $1,770 |
Fees for services: Accounting | $5,880 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $850 |
Advertising and promotion | $0 |
Office expenses | $3,224 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $110,003 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,487 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $47,516 |
Insurance | $0 |
All other expenses | $1,082 |
Total functional expenses | $338,245 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $33,497 |
Savings and temporary cash investments | $108,478 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $17,623 |
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 | $1,385,772 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $773 |
Total assets | $1,546,143 |
Accounts payable and accrued expenses | $16,504 |
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 | $16,504 |
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 | $1,529,639 |
Total liabilities and net assets/fund balances | $1,546,143 |