Phi Kappa Tau Fraternity Purdue Assn Inc is located in Thorntown, IN. The organization was established in 1938. 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. Phi Kappa Tau Fraternity Purdue Assn Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Phi Kappa Tau Fraternity Purdue Assn Inc generated $10.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $16.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (25.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
HOLD REAL ESTATE FOR PURDUE CHAPTER OF PHI KAPPA TAU
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Chris Shelton President | 1 | $0 | |
Jeff Vierk Vice Preside | 1 | $0 | |
Mike Lennox Secretary/tr | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $10,200 |
Membership dues | $0 |
Investment income | $51 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $10,251 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $1,891 |
Occupancy, rent, utilities, and maintenance | $14,250 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $16,141 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $98,443 |
Other assets | $0 |
Total assets | $148,443 |
Total liabilities | $0 |
Net assets or fund balances | $148,443 |