Mu Association
- Assets
- $293.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 04/1978
- Data as of
- 07/2023
- EIN
- 23-7189925
Organization Overview
Mu Association is located in Des Moines, IA. The organization was established in 1978. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mu Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2023, Mu Association generated $79.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $55.5k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE HOUSING FOR COLLEGE STUDENTS WHO ARE MEMBERS OF THE THETA XI FRATERNITY AT IOWA STATE UNIVERSITY IN AMES, IOWA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Robert Veenstra Jr President | 0 | $0 | |
Jon Banwart Vice President | 0 | $0 | |
Ryan Jones Treasurer | 0 | $0 | |
Ron Simpson Secretary | 0 | $0 | |
Kent Burhenn Director | 0 | $0 | |
M Douglas Kenealy Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,625 |
| Total Program Service Revenue | $32,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $79,625 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $42,591 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,938 |
| Total expenses | $55,529 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,132 |
| Other assets | $0 |
| Total assets | $293,775 |
| Total liabilities | $249,130 |
| Net assets or fund balances | $44,645 |