Canonsburg Corporation
- Assets
- $2.4m
- Revenue
- $172.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/2008
- Data as of
- 05/2022
- EIN
- 20-4221922
Organization Overview
Canonsburg Corporation is located in Indianapolis, IN. The organization was established in 2008. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Canonsburg Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Canonsburg Corporation generated $172.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $23.6k during the year ending 05/2022. While expenses have increased by 3.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF HOUSING, FINANCING AND RELATED GOODS AND SERVICES TO LOCAL CHAPTERS AND HOUSE CORPORATIONS AFFILIATED WITH PHI KAPPA PSI FRATERNITY, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LINES OF CREDIT TO TWO HOUSE CORPORATIONS SO THAT RENOVATIONS COULD TAKE PLACE IN TIME FOR THE SCHOOL YEAR. WORK WITH ONE GROUP THAT IS RETURNING TO CAMPUS AND WAS ABLE TO SECURE A LOAN GUARANTEE WITH A LARGER BANK. ONE LOAN WAS RESTRUCTURED AND TWO WERE PAID ON FULL. THE ORGANIZATION IS IN THE INITIAL STAGES OF WORKING WITH THREE GROUPS FOR POSSIBLE LOANS. SINCE INCEPTION WE HAVE WORKED WITH OVER 20 DIFFERENT HOUSE CORPORATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ziegelmeyer Jr President | OfficerTrustee | 1 | $0 |
Brand Newland Treasurer | OfficerTrustee | 1 | $0 |
Robert Kort Vice President | OfficerTrustee | 1 | $0 |
Wynn Wiegand Secretary | OfficerTrustee | 1 | $0 |
Steven Nieslawski Trustee | Trustee | 1 | $0 |
Ben Lamson Trustee | 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 | $159,601 |
| Investment income | $12,358 |
| 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 | $171,959 |
| 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 | $18,799 |
| 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 | $23,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,355,110 |
| 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 | $0 |
| Investments—publicly traded securities | $174,277 |
| Investments—other securities | $0 |
| Investments—program-related | $877,001 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,406,388 |
| Accounts payable and accrued expenses | $1,315 |
| 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 | $27,453 |
| Total liabilities | $28,768 |
| Net assets without donor restrictions | $2,377,620 |
| 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 | $2,406,388 |
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