Fox Club Graduate Association Inc
- Assets
- $937.1k
- Revenue
- $868.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Cambridge, MA
- Founding
- 09/2005
- Data as of
- 07/2023
- EIN
- 27-0126481
Organization Overview
Fox Club Graduate Association Inc is located in Cambridge, MA. The organization was established in 2005. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Fox Club Graduate Association Inc 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, Fox Club Graduate Association Inc generated $868.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $501.2k during the year ending 07/2023. While expenses have increased by 11.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE REPORTING ORGANIZATION IS A SOCIAL CLUB AT HARVARD UNIVERSITY THAT OPERATES IN A HISTORICAL STRUCTURE. IT HOLDS DINNERS AND ANNUAL EVENTS TO FOSTER COMMUNITY AMONG HARVARD GRADUATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD DINNERS & SOCIAL EVENTS FOR THE GRADUATES OF HARVARD UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter G Wilcox President & Director | OfficerTrustee | 10 | $0 |
James Deng Vice President & Director | OfficerTrustee | 5 | $0 |
Matthew V Pierce Treasurer & Director | OfficerTrustee | 10 | $0 |
Phillip R Seybold Director | Trustee | 1 | $0 |
Aaron Kruk Director | Trustee | 1 | $0 |
David J Schivell Clerk & Director | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $693,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $718,080 |
| Total Program Service Revenue | $146,858 |
| Investment income | $2,846 |
| 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 | $488 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $868,447 |
| 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 | $27,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,179 |
| Fees for services: Accounting | $21,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,300 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,000 |
| Travel | $15 |
| 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 | $5,546 |
| Insurance | $28,606 |
| All other expenses | $86,483 |
| Total functional expenses | $501,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,192 |
| Savings and temporary cash investments | $150 |
| 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 | $133,414 |
| Inventories for sale or use | $13,315 |
| Prepaid expenses and deferred charges | $143,661 |
| Net Land, buildings, and equipment | $192,139 |
| Investments—publicly traded securities | $436,194 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $937,065 |
| Accounts payable and accrued expenses | $52,655 |
| 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 | $7,676 |
| Total liabilities | $60,331 |
| Net assets without donor restrictions | $876,734 |
| 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 | $937,065 |