Alpha Tau Omega Fraternity
- Assets
- $606.2k
- Revenue
- $207.9k
- Investments
- $0.0
- Employees
- 2
- Location
- State College, PA
- Founding
- 04/1996
- Data as of
- 08/2023
- EIN
- 25-1434445
Organization Overview
Alpha Tau Omega Fraternity is located in State College, PA. The organization was established in 1996. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 08/2023, Alpha Tau Omega Fraternity employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Alpha Tau Omega Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2023, Alpha Tau Omega Fraternity generated $207.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $292.8k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR ACTIVE CHAPTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING FOR THE ACTIVE MEMBERS OF ALPHA TAU OMEGA FRATERNITY AT THE PENNSYLVANIA STATE UNIVERSITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Goldbeck Treasurer 08/31/22 | OfficerTrustee | 10 | $0 |
Cj Koluch President 08/31/22 | OfficerTrustee | 10 | $0 |
Pj Mcguigan Secretary 08/31/22 | OfficerTrustee | 2 | $0 |
Damion Spahr Vice-President 08/31/22 | OfficerTrustee | 2 | $0 |
Tanner Gattuso At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $207,925 |
| 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 | $207,925 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $207,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,485 |
| 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 | $2,768 |
| Fees for services: Accounting | $9,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,752 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,622 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,073 |
| Interest | $4,012 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,181 |
| Insurance | $17,469 |
| All other expenses | $0 |
| Total functional expenses | $292,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,759 |
| 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 | $3,963 |
| Net Land, buildings, and equipment | $593,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $606,184 |
| Accounts payable and accrued expenses | $60,089 |
| Grants payable | $0 |
| Deferred revenue | $120,150 |
| 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 | $20,738 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $200,977 |
| 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 | $405,207 |
| Total liabilities and net assets/fund balances | $606,184 |