Pdt Properties Association
- Assets
- $875.2k
- Revenue
- $69.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 12/2004
- Data as of
- 05/2024
- EIN
- 31-1819690
Organization Overview
Pdt Properties Association is located in Lubbock, TX. The organization was established in 2004. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Pdt Properties Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2024, Pdt Properties Association generated $69.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $102.2k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THIS ORGANIZATION IS AN ALUMNI ASSOCIATION FOR THE TEXAS EPSILON CHAPTER OF PHI DELTA THETA AT TEXAS TECH UNIVERSITY. IT IS ENGAGED IN VARIOUS ACTIVITIES TO PROMOTE THE RELATIONS BETWEEN ALUMNI AND TO FOSTER A SENSE OF PRIDE AND TRADITION IN AN ENJOYABLE AND SOCIAL ATMOSPHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND RAISING: DURING FYE 5/31/24, PDT PROPERTIES ASSOCIATION HAS BEEN PRIMARILY INVOLVED WITH RAISING FUNDS TO MAINTAIN THE FACILITY, CONSTRUCTED BY THE ORGANIZATION DURING FYE 5/31/05, THAT IS USED AS A MEETING PLACE BY PDT PROPERTIES ASSOCIATION MEMBERS AND BY ACTIVE MEMBERS OF THE PHI DELTA THETA FRATERNITY. ASSOCIATION MEMBERS HAVE BEEN INVOLVED BY PERSONALLY CONTACTING ALUMNI, SENDING LETTERS, AND COORDINATING FUND-RAISING EVENTS.
REUNIONS/GATHERINGS: PDT PROPERTIES ASSOCIATION COORDINATES EVENTS FOR THE BENEFIT OF ITS MEMBERS AT VARIOUS TIMES DURING THE YEAR, INCLUDING TEXAS TECH UNIVERSITY HOMECOMING WEEKEND, THE ANNIVERSARY OF THE FRATERNITY'S FOUNDING, ETC.
SUPPORT SERVICES: PDT PROPERTIES ASSOCIATION ASSISTS THE FRATERNITY THROUGH OFFERING ASSISTANCE TO THE FRATERNITY IN RECRUITING NEW MEMBERS, PROVIDING SCHOLARSHIPS TO MEMBERS, AND CONNECTING ACTIVE MEMBERS OF THE FRATERNITY TO ALUMNI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Isom Secretary | Officer | $0 | |
Rob King President | Officer | $0 | |
Tom Sell Vice-Pres. | Officer | $0 | |
John Zwiacher Treasurer | Officer | $0 |
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 | $38,128 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,128 |
| Total Program Service Revenue | $30,600 |
| Investment income | $224 |
| 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 | $68,952 |
| 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 | $0 |
| Fees for services: Accounting | $2,190 |
| 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 | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,639 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,300 |
| Insurance | $0 |
| All other expenses | $2,691 |
| Total functional expenses | $102,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,130 |
| 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 | $0 |
| Net Land, buildings, and equipment | $857,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $875,201 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $43,061 |
| Other liabilities | $0 |
| Total liabilities | $43,061 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $529,433 |
| Retained earnings, endowment, accumulated income, or other funds | $301,707 |
| Total liabilities and net assets/fund balances | $875,201 |