Triangle Fraternity National Council
- Assets
- $811.7k
- Revenue
- $223.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Terre Haute, IN
- Founding
- 02/1970
- Data as of
- 07/2020
- EIN
- 35-1153865
Organization Overview
Triangle Fraternity National Council is located in Terre Haute, IN. The organization was established in 1970. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Triangle Fraternity National Council is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2020, Triangle Fraternity National Council generated $223.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $297.5k during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ROOM AND BOARD TO UNDERGRADUATE CHAPTER MEMBERS WHO PARTICIPATE IN A VARIETY OF EDUCATIONAL, SERVICE AND SOCIAL ACTIVITIES INTENDED TO BENEFIT ROSE-HULMAN INSTITUTE, THE COMMUNITY AND THE MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ROOM AND BOARD TO UNDERGRADUATE CHAPTER MEMBERS WHO PARTICIPATE IN A VARIETY OF EDUCATIONAL, SERVICE AND SOCIAL ACTIVITIES INTENDED TO BENEFIT ROSE-HULMAN INSTITUTE, THE COMMUNITY AND THE MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Manship Treasurer | Officer | 5 | $0 |
Denny Colomes Treasurer | Officer | 5 | $0 |
Loys Rees President | Officer | 3 | $0 |
Samuel Ridgley Secretary | Officer | 3 | $0 |
Brevin Lacy President | Trustee | 1 | $0 |
Arjun Mahajan Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $530 |
| Investment income | $14 |
| 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 | $223,286 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,936 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,683 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,872 |
| Insurance | $18,760 |
| All other expenses | $0 |
| Total functional expenses | $297,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,906 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,363 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $811,681 |
| Accounts payable and accrued expenses | -$1 |
| 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 | $447,689 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,000 |
| Total liabilities | $449,688 |
| 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 |
| Total liabilities and net assets/fund balances | $361,993 |
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