Beta Alpha Chapter Of Pi Kappa Phi Inc is located in Califon, NJ. The organization was established in 1941. 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. Beta Alpha Chapter Of Pi Kappa Phi Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Beta Alpha Chapter Of Pi Kappa Phi Inc generated $263.1k 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 (4.0%) each year. All expenses for the organization totaled $267.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) 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
TO PROMOTE AND FOSTER THE FRATERNITY PRINCIPLES AND IDEALS OF PI KAPPA PHI FRATERNITY BY HOLDING REAL ESTATE AND PERSONAL PROPERTY FOR A CHAPTER HOUSE FOR BETA ALPHA CHAPTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE CHAPTER HOUSE OF PI KAPPA PHI FRATERNITY - LOCATED AT THE NEW JERSEY INSTITUTE OF TECHNOLOGY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John F Lee Jr Treasurer | Officer | 3 | $0 |
Ilya Naumov Vice President | Officer | 3 | $0 |
Paul Foglia President | Officer | 3 | $0 |
Christian Beckmann Secretary | Officer | 3 | $0 |
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 | $25,861 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $25,861 |
Total Program Service Revenue | $237,200 |
Investment income | $22 |
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 | $263,083 |
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 | $7,452 |
Fees for services: Accounting | $1,700 |
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 | $107,640 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $45,055 |
Payments to affiliates | $100 |
Depreciation, depletion, and amortization | $80,813 |
Insurance | $16,490 |
All other expenses | $0 |
Total functional expenses | $267,436 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $48,463 |
Savings and temporary cash investments | $191,313 |
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 | $1,472,887 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $901 |
Other assets | $0 |
Total assets | $1,713,564 |
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 | $992,269 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $992,269 |
Net assets without donor restrictions | $721,295 |
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 | $1,713,564 |
Over the last fiscal year, we have identified 1 grants that Beta Alpha Chapter Of Pi Kappa Phi Inc has recieved totaling $9,508.
Awarding Organization | Amount |
---|---|
New Jersey Institute Of Technology Foundation Newark, NJ PURPOSE: CONSTRUCTION/FURNISHING OF CHAPTER HOUSE | $9,508 |
Organization Name | Assets | Revenue |
---|---|---|
Tuscarora Intermediate Unit Capital Insurance Trust Pleasant Gap, PA | $4,120,321 | $22,419,678 |
Delta Phi Epsilon Sorority Inc Philadelphia, PA | $2,908,015 | $2,233,543 |
National Sorority Of Phi Delta Kappa Inc Jersey City, NJ | $268,975 | $76,573 |
Beta Alpha Chapter Of Chi Omega House Corp Wayne, PA | $1,129,031 | $303,939 |
Akwesasne Boys & Girls Club St Regis Mohawk Tribe Akwesasne, NY | $980,425 | $1,776,234 |
Phi Sigma Pi National Honor Fraternity Lancaster, PA | $2,938,187 | $1,733,075 |
Zeta Psi Fraternity Of North America Pearl River, NY | $650,645 | $844,211 |
Kappa Delta Rho National Fraternity Inc Latrobe, PA | $697,261 | $1,007,764 |
Theta Chi Fraternity Inc Hamilton, NY | $187,643 | $1,010,005 |
Sigma Pi Fraternity International Inc Ithaca, NY | $1,758,643 | $749,851 |
Alpha Lambda Delta Fairport, NY | $5,719,443 | $1,145,562 |
Lambda Chi Alpha Fraternity Inc Ithaca, NY | $99,913 | $753,956 |