Esponda Associates Inc
- Assets
- $24.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Indianapolis, IN
- Founding
- 06/2014
- Data as of
- 05/2023
- EIN
- 27-2762793
Organization Overview
Esponda Associates Inc is located in Indianapolis, IN. The organization was established in 2014. 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 05/2023, Esponda Associates Inc employed 11 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Esponda Associates Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2023, Esponda Associates Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $1.8m during the year ending 05/2023. While expenses have increased by 10.3% per year over the past 4 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
ESPONDA ASSOCIATES INC. WAS ESTABLISHED TO MANAGE BUILDING FACILITIES. THE ORGANIZATION WAS ALSO ORGANIZED TO FACILITATE, FOSTER, AND ENCOURAGE FRIENDSHIP, RECREATION, SOCIAL INTERACTION, THE PURSUIT OF KNOWLEDGE, AND OTHER NON-PROFIT PURPOSES AND ACTIVITIES AMONG ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE NOT-FOR-PROFIT MANAGEMENT SERVICES TO CHAPTERS AND HOUSE CORPORATIONS THAT PROVIDE HOUSING, PROGRAMMING, AND EDUCATION AND TO PROVIDE DIRECTION OF RESOURCES TO AND FOR CHAPTERS AND HOUSE CORPORATIONS WITH SIMILAR PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Fradkin President | OfficerTrustee | 5 | $0 |
Mark Schiff Vice President | OfficerTrustee | 5 | $0 |
Jon Pierce Secretary | Trustee | 5 | $0 |
Rob Derdiger Treasurer | OfficerTrustee | 5 | $0 |
Andrew Borans Director | Trustee | 5 | $0 |
Joshua Schenk Director Of Housing | Officer | 40 | $112,847 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $176,167 |
| 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 | $176,167 |
| Total Program Service Revenue | $1,097,346 |
| Investment income | $531,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $413,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,221,783 |
| 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 | $496,770 |
| Pension plan accruals and contributions | $9,621 |
| Other employee benefits | $24,364 |
| Payroll taxes | $28,034 |
| Fees for services: Management | $195,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,787 |
| Advertising and promotion | $0 |
| Office expenses | $16,549 |
| Information technology | $48,725 |
| Royalties | $0 |
| Occupancy | $74,988 |
| Travel | $76,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $554,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,323 |
| Insurance | $22,005 |
| All other expenses | $0 |
| Total functional expenses | $1,842,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,153,059 |
| 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 | $18,615,774 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,091 |
| Net Land, buildings, and equipment | $37,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,186 |
| Total assets | $23,998,739 |
| 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 | $18,580,774 |
| Unsecured mortgages and notes payable | $479,123 |
| Other liabilities | $505,131 |
| Total liabilities | $19,565,028 |
| Net assets without donor restrictions | $4,433,711 |
| 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 | $23,998,739 |