Canonsburg Corporation
- Assets
- $5.1m
- Revenue
- $384.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Grandville, MI
- Founding
- 05/2008
- Data as of
- 05/2022
- EIN
- 35-1883933
Organization Overview
Canonsburg Corporation is located in Grandville, MI. The organization was established in 2008. 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. Canonsburg Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Canonsburg Corporation generated $384.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $541.2k during the year ending 05/2022. While expenses have increased by 14.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN, OPERATE AND MANAGE ANY CHAPTER HOUSE AND PROPERTIES OF THE EPSILON CHAPTER OF THE PHI KAPPA PSI FRATERNITY, TO MANAGE THE ASSETS, TO RAISE FUNDS FOR THE SUPPORT OF SAID CHAPTER THROUGH MEMBERSHIP DONATIONS, FEES, AND FOR ANY LAWFUL PURPOSE OF THE NFP ACT OF 1971
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE A BUILDING ON A UNIVERSITY CAMPUS TO PROVIDE HOUSING FOR UNDERGRADUATE MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Kacmar Board Member | Officer | 0 | $0 |
Cody Shumaker Board Member | Officer | 0 | $0 |
Matt Solak Vice President | Officer | 0 | $0 |
Corey Peart Board Member | Officer | 0 | $0 |
Brent Clark Board Member | Officer | 0 | $0 |
Ben Nicol Secretary | Officer | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $384,290 |
| Investment income | $5 |
| 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 | $384,295 |
| 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 | $132,641 |
| 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 | $10,396 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $895 |
| 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 | $7,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,888 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $146,682 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,738 |
| Insurance | $22,909 |
| All other expenses | $0 |
| Total functional expenses | $541,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,907 |
| Savings and temporary cash investments | $31,156 |
| 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 | $5,055,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,142,861 |
| 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 | $2,789,243 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,955 |
| Total liabilities | $2,808,198 |
| Net assets without donor restrictions | $2,334,663 |
| 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 | $5,142,861 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Canonsburg Corporation has recieved totaling $229,424.
| Awarding Organization | Amount |
|---|---|
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN PURPOSE: EDUCATIONAL OPERATING GRANTS | $229,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Chi Omega Fraternity Inc Subordinate Group Return Indianapolis, IN | $14,649,947 | $40,155,392 |
Kappa Alpha Theta Fraternity Housing Corporation Indianapolis, IN | $75,225,984 | $20,546,319 |
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Beta Theta Pi Fraternity Oxford, OH | $3,680,117 | $8,942,106 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Beta Theta Pi Fraternity Oxford, OH | $10,733,585 | $6,268,729 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Delta Gamma Foundation Columbus, OH | $43,080,592 | $13,458,880 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |