Alpha Rho Alumni Association
- Assets
- $751.4k
- Revenue
- $195.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Phillipsburg, NJ
- Founding
- 08/2013
- Data as of
- 08/2022
- EIN
- 20-2471391
Organization Overview
Alpha Rho Alumni Association is located in Phillipsburg, NJ. The organization was established in 2013. 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. Alpha Rho Alumni Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2022, Alpha Rho Alumni Association generated $195.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $211.3k during the year ending 08/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALPHA RHO'S GREATEST RESOURCE IS THE QUALITY OF OUR BROTHERHOOD. OUR EFFORTS, ESPECIALLY AS ALUMNI, ARE TO GUARANTEE OUR YOUNG BROTHERS ENJOY THE SAME HIGH QUALITY CHI PSI EXPERIENCE THAT HAS INDELIBLY TOUCHED THE 3,000 PLUS RUTGERSMEN WHO WERE CHI PSIS. THESE GOALS ARE CENTRAL TO OUR MISSION: -TO TEACH YOUNG BROTHERS THOSE VALUES THAT ENDURE THROUGH ALL THE VICISSITUDES OF LIFE; -TO HELP THEM FIND THEMSELVES AND MAKE CHI PSI EVEN MORE PRECIOUS BECAUSE OF THAT INTIMACY THE MIND CREATES WITH THE PLACE IT AWAKENS IN; -TO MAKE OUR BROTHERS MORE AWARE OF THE FINER THINGS IN LIFE; -IN THESE ETHNICALLY CHALLENGING TIMES, TO GIVE OUR BROTHERS SOMETHING TO BELIEVE IN; -TO LEVERAGE INTANGIBLES IN CHI PSI TEACHING WHAT THEY'LL NEVER LEARN IN THE CLASSROOM; -TO CONVINCE THEM JUST HOW SPECIAL THEY ARE, THAT THEY TRULY ARE THE CHOSEN ONES; -TO TEACH OUR BROTHERS CHI PSI IS A GIFT AND THE GREATEST GIFTS THEY WILL EVER RECEIVE ARE THEIR EXALTED FRIENDSHIPS MADE AT THE LODGE; AND -TO EMPHASIZE THAT BE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A SOCIAL AND EDUCATIONAL ENVIRONMENT FOR STUDENT MEMBERS OF OUR ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Haynes President | OfficerTrustee | 5 | $0 |
Matthew Belverio Secretary | OfficerTrustee | 0.5 | $0 |
Bill Norris Treasurer | OfficerTrustee | 3 | $0 |
Bill Royce VP Of Alumni | OfficerTrustee | 2 | $0 |
Matthew Albert VP Of Alpha | Trustee | 0.5 | $0 |
Edward Lane Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,385 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,885 |
| Total Program Service Revenue | $183,853 |
| Investment income | $91 |
| 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 | $195,204 |
| 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 | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $534 |
| Advertising and promotion | $0 |
| Office expenses | $42 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,317 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,826 |
| Interest | $19,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,527 |
| Insurance | $12,952 |
| All other expenses | $2,379 |
| Total functional expenses | $211,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,554 |
| 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 | $538,821 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $751,375 |
| 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 | $483,872 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $483,872 |
| Net assets without donor restrictions | $267,503 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $751,375 |
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|---|---|---|
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