Triangle Fraternity National Council
- Assets
- $366.1k
- Revenue
- $15.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Perrysburg, OH
- Founding
- 11/1971
- Data as of
- 12/2022
- EIN
- 23-7153374
Organization Overview
Triangle Fraternity National Council is located in Perrysburg, OH. The organization was established in 1971. 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. Triangle Fraternity National Council is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Triangle Fraternity National Council generated $15.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $30.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. 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
OPERATION OF THE LOCAL TOLEDO CHAPTER OF THE PARENT ORGANIZATION, TRIANGLE FRATERNITY. PROVIDE DORMITORY STYLE HOUSING FOR THE UNDERGRADUATE MEMBERS. PROVIDE A MEETING PLACE FOR SOCIAL AND EDUCATIONAL FUNCTIONS FOR UNDERGRADUATE AND AREA ALUMNI MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE LOCAL TOLEDO CHAPTER OF THE PARENT ORGANIZATION, TRIANGLE FRATERNITY. APPROXIMATELY 25 TO 30 MAN CHAPTER. APPROXIMATELY 6 NEW MEMBERS PLEDGED. APPROXIMATELY 6 PLEDGES BECAME FULL MEMBERS. NATIONAL ORGANIZATION PROVIDES OVERSIGHT OF POLICIES/PROCEDURES. PROVIDES EDUCATIONAL SEMINARS/CONFERENCES AND CONSULTATIONS AND GUIDANCE TO MAINTAIN SUCCESSFUL CHAPTER OPERATIONS.
PROVIDE DORMITORY STYLE HOUSING FOR THE UNDERGRADUATE MEMBERS. FRATERNITY CONTRACTS WITH THE UNIVERSITY OF TOLEDO FOR A 17 PERSON DORMITORY STYLE ON-CAMPUS HOUSING. PROPERTY AND LIABILITY INSURANCE MUST BE MAINTAINED ON THE DORMITORY FACILITY AT ABOUT 7,200 PER YEAR.
1)PROVIDE A MEETING PLACE FOR SOCIAL AND EDUCATIONAL FUNCTIONS FOR THE UNDERGRADUATE AND AREA ALUMNI MEMBERS. 2)PROVIDE FACILITIES FOR ACTIVE ORGANIZATION TRAINING/EDUCATIONAL SESSIONS. 3)FUNDRAISING DINNERS HELD WITH THE ALUMNI MEMBERS TWICE PER YEAR. 4)PROVIDE FACILITIES FOR WEEKLY UNDERGRADUATE ORGANIZATIONAL MEETINGS AND MONTHLY ALUMNI ORG MEETINGS. 5)PROVIDE RECREATIONAL AND COMMUNAL KITCHEN AREAS FOR UP TO 17 MEMBERS THAT LIVE IN THE DORMITORY STYLE DURING THE SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Humes Alumni Mbr A | Officer | $0 | |
Michael Jeffery Alumni Mbr A | Officer | $0 | |
Jason Knapp Alumni Housi | Officer | $0 | |
Cord Murry-Howard Membership D | Officer | $0 | |
Dan Robazkiewicz Alumni Exc B | Officer | $0 | |
Ian Satterwaite Alumni Exc B | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,894 |
| 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 | $12,894 |
| Total Program Service Revenue | $0 |
| Investment income | $2,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $421 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,689 |
| 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 | $2,300 |
| 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 | $5,880 |
| All other expenses | $1,248 |
| Total functional expenses | $30,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,699 |
| 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 | $0 |
| Investments—publicly traded securities | $11,363 |
| Investments—other securities | $0 |
| Investments—program-related | $240,064 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $366,126 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $366,126 |
| Total liabilities and net assets/fund balances | $366,126 |