Pi Beta Phi Fraternity Housing Corporation
- Assets
- $77.1m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 58
- Location
- Town Country, MO
- Founding
- 12/2009
- Data as of
- 06/2022
- EIN
- 26-2511045
Organization Overview
Pi Beta Phi Fraternity Housing Corporation is located in Town Country, MO. The organization was established in 2009. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Pi Beta Phi Fraternity Housing Corporation employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pi Beta Phi Fraternity Housing Corporation 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, Pi Beta Phi Fraternity Housing Corporation generated $19.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $13.3m during the year ending 06/2022. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE DAY-TO-DAY PROPERTY MANAGEMENT, FINANCIAL MANAGEMENT, AND EMPLOYEE MANAGEMENT FOR ALL FHC OPERATED AND OWNED FACILITIES IN ORDER TO PROVIDE ALL MEMBERS A POSITIVE, SAFE, AND SECURE MEMBER HOUSING EXPERIENCE IN FURTHERANCE OF THE EXEMPT PURPOSE OF THE ORGANIZATION. FHC ALSO PROVIDES EMERGENCY MANAGEMENT, LONG-RANGE PLANNING, AND PROJECT MANAGEMENT INCLUDING PROCESSING AND MANAGING SALARIES AND BENEFITS, INSURANCE, RENT, TAXES AND FINANCIAL PLANNING TO FUND DEFERRED MAINTENANCE, RENOVATIONS, AND LONG-RANGE PLANNING. FHC MANAGES FACILITY EMPLOYEES USING A BEST-PRACTICE HUMAN RESOURCES MODEL.
TO PROVIDE EDUCATION AND TRAINING TO MORE THAN 230 LOCAL HOUSING CORPORATION VOLUNTEERS THROUGH DIRECT STAFF SUPPORT WITH SPECIALIZED KNOWLEDGE IN THE FIELDS OF FINANCE, PROPERTY MANAGEMENT, AND OPERATIONS MANAGEMENT. FHC ALSO PROVIDES ONLINE LEARNING OPPORTUNITIES, MANUALS AND GUIDES FOUND IN THE RESOURCE LIBRARY, AND ELECTRONIC NEWSLETTERS, ALL OF WHICH ARE AVAILABLE THROUGHOUT THE YEAR. TOPICS INCLUDE IMPROVING FACILITIES TO BE COMPETITIVE IN THE CURRENT CAMPUS CLIMATE, INSURANCE REQUIREMENTS AND LEGAL BEST PRACTICES, BUDGETING AND FUNDRAISING, EMPLOYMENT MANAGEMENT GUIDANCE FOR HOUSE DIRECTORS, CHEFS, AND OTHER EMPLOYEES, PROPERTY MANAGEMENT OPTIONS, AND CULTIVATING ALUMNAE SUPPORT.
TO PROVIDE SUPPORT IN THE MANAGEMENT OF CHAPTER FINANCES THROUGH THE CHAPTER FINANCE COORDINATOR, FHC FINANCE DIRECTOR, DIRECTOR OF FINANCE/HOUSING, REGIONAL FINANCE/HOUSING SPECIALISTS, FINANCIAL ADVISORS AND CHAPTER OFFICERS. THIS DIRECT SUPPORT INCLUDES ESTABLISHING BEST PRACTICE ACCOUNTING PROCEDURES AND POLICIES, PROVIDING GUIDANCE TO THE CHAPTERS THROUGH THE CHAPTER BUDGET PROCESS, REVIEWING AND APPROVING OF ALL CHAPTER BUDGETS, MANAGING A DESIGNATED CHAPTER YEAR END FINANCIAL REVIEW, MAINTAINING THE CHAPTER ACCOUNTING SYSTEM, COORDINATION FOR CHAPTER TAX FILING REQUIREMENTS, PROVIDING ASSISTANCE WITH CHAPTER HOUSING NEEDS, AND AS NEEDED, SERVING AS INTERIM FINANCIAL ADVISOR FOR INDIVIDUAL CHAPTERS IN NEED OF ADDITIONAL CONSULTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Rugen Senior Director Of Finance | Officer | 25 | $118,465 |
Brenda Wirth President | OfficerTrustee | 10 | $600 |
Alisa Rudlang Secretary | OfficerTrustee | 10 | $600 |
Brenda Butler Treasurer | OfficerTrustee | 10 | $600 |
Suzette Farrar Director | Trustee | 10 | $600 |
Shawn Eagleburger Executive Director | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lusk And Company In Property Management | 6/29/22 | $1,624,741 |
College Fresh Food Service | 6/29/22 | $1,424,386 |
Greek House Chefs Food Service | 6/29/22 | $731,483 |
National Construction Inc Construction Services | 6/29/22 | $495,309 |
Brandt Construction Inc Construction Services | 6/29/22 | $728,769 |
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 | $5,489,525 |
| Noncash contributions included in lines 1a–1f | $4,131,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,489,525 |
| Total Program Service Revenue | $13,601,566 |
| Investment income | $69,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,221,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,422 |
| 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. | $148,232 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,382,527 |
| Pension plan accruals and contributions | $29,402 |
| Other employee benefits | $81,966 |
| Payroll taxes | $209,715 |
| Fees for services: Management | $724,409 |
| Fees for services: Legal | $45,800 |
| Fees for services: Accounting | $320,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $126,302 |
| Fees for services: Investment Management | $9,294 |
| Fees for services: Other | $15,000 |
| Advertising and promotion | $83 |
| Office expenses | $49,756 |
| Information technology | $143,979 |
| Royalties | $0 |
| Occupancy | $8,285,447 |
| Travel | $29,906 |
| 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 | $137,976 |
| Depreciation, depletion, and amortization | $1,520,730 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,294,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,982,733 |
| Savings and temporary cash investments | $91,798 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $276,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,402,364 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,917 |
| Net Land, buildings, and equipment | $43,748,069 |
| Investments—publicly traded securities | $1,744,058 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $800,317 |
| Other assets | $23,868 |
| Total assets | $77,087,429 |
| Accounts payable and accrued expenses | $1,365,547 |
| Grants payable | $0 |
| Deferred revenue | $540,928 |
| 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 | $36,435,309 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,883 |
| Total liabilities | $38,379,667 |
| Net assets without donor restrictions | $38,707,762 |
| 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 | $77,087,429 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pi Beta Phi Fraternity Housing Corporation has recieved totaling $232,542.
| Awarding Organization | Amount |
|---|---|
Pi Beta Phi Fraternity Town Country, MO PURPOSE: ALLOCATION OF DUES TO AFFILIATE FOR FINANCIAL ASSISTANCE WITH CHAPTER HOUSING | $232,542 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
Olympia Fields Country Club Olympia Fields, IL | $30,077,528 | $14,988,630 |
Indian Hills Country Club Mission Hills, KS | $17,587,813 | $11,403,188 |
Mission Hills Country Club Inc Mission Hills, KS | $14,571,445 | $12,104,303 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Quivira Inc Lake Quivira, KS | $23,130,278 | $7,856,462 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |