Sngt House Corporation
- Assets
- $2.7m
- Revenue
- -$136.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- Data as of
- 06/2021
- EIN
- 20-3805498
Organization Overview
Sngt House Corporation is located in Atlanta, GA. Sngt House Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2021, Sngt House Corporation generated -$136.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.0% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO CONSTRUCT AND OPERATE A CHAPTER HOUSE FOR GAMMA ALPHA CHAPTER OF SIGMA NU FRATERNITY, INC. ON THE CAMPUS OF THE GEORGIA INSTITUTE OF TECHNOLOGY. ACCUMULATED CONTRIBUTIONS FOR THAT PURPOSE GENERATED THE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONSTRUCTION OF THE CHAPTER HOUSE ON THE CAMPUS OF THE GEORGIA INSTITUTE OF TECHNOLOGY WAS COMPLETED DURING THE FISCAL YEAR ENDED JUNE 30, 2008. FUNDRAISING IS ON-GOING IN ATTEMPTS TO RECEIVE ENOUGH CONTRIBUTIONS TO RETIRE THE OUTSTANDING DEBT. THE HOUSE IS NOW BEING RENTED TO STUDENTS IN GOOD STANDING AND THE ASSOCIATED RENT INCOME IS BEING UTILIZED TO MAINTAIN THE HOUSE AND PAY INSURANCE AND PROPERTY TAXES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Fuller Secr/treasurer | OfficerTrustee | 3 | $0 |
Grant C Norwood President | OfficerTrustee | 3 | $0 |
Scott Hall Class Ii Member | Trustee | 1 | $0 |
Frank Spears Class I Member | Trustee | 1 | $0 |
Joe Gammie Class Ii Member | Trustee | 1 | $0 |
Josh Roberts Class Ii Member | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$136,223 |
| 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 | -$136,223 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,882 |
| Savings and temporary cash investments | $843 |
| 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 | $2,667,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,523 |
| Other assets | $0 |
| Total assets | $2,698,769 |
| 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 | $1,155,122 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,155,122 |
| 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 | $1,543,647 |
| Total liabilities and net assets/fund balances | $2,698,769 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sngt House Corporation has recieved totaling $26,395.
| Awarding Organization | Amount |
|---|---|
Sigma Nu Educational Foundation Inc Lexington, VA PURPOSE: EDUCATIONAL GRANT | $26,395 |
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