Phi Gamma Dela Landmark Preservation Assocation

Organization Overview

Phi Gamma Dela Landmark Preservation Assocation is located in Dekalb, IL. The organization was established in 1984. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phi Gamma Dela Landmark Preservation Assocation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Phi Gamma Dela Landmark Preservation Assocation generated $384.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $228.2k during the year ending 12/2022. While expenses have increased by 4.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PRESERVATION AND MAINTENANCE OF A HISTORIC LANDMARK BUILDING, NAMELY THE PHI GAMMA DELTA HOUSE IN MADISON, WISCONSIN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTAINED, PRESERVED, AND REHABILITATED A REGISTERED LANDMARK, NAMELY THE PHI GAMMA DELTA HOUSE IN MADISON, WISCONSIN. EXPENDITURES INCLUDE COSTS OF MAINTENANCE, COSTS OF OWNERSHIP (E.G. INTEREST ON MORTGAGE), COSTS OF PROVIDING THE BUILDING FOR RENT TO TENANTS, AND COSTS OF REHABILITATION AND PRESERVATION. THE HOUSE IS RENTED TO INDIVIDUAL MEMBERS OF A FRATERNITY, WHO EACH PAY RENT TO THE ORGANIZATION. THE HOUSE WAS DESIGNATED AS A LANDMARK BY THE CITY OF MADISON (WISCONSIN) LANDMARK COMMISSION IN 1983, AND IS A PART OF THE LANGDON STREET HISTORIC DISTRICT, WHICH WAS ADDED TO THE NATIONAL REGISTER OF HISTORIC PLACES IN 1986. THE BUILDING WAS DESIGNED AND BUILT TO BE USED AS A FRATERNITY HOUSE. IF THE BUILDING IS NOT USED AS A FRATERNITY HOUSE, IT IS USELESS AND WOULD BE TORN DOWN. THE LOT IS LONG AND NARROW AND SLOPES STEEPLY TO THE LAKE THAT IS ADJACENT TO THE HISTORICAL DISTRICT. BECAUSE OF THE LOT'S DIMENSIONS, THE PROPERTY COULD NOT BE CONVERTED TO ANOTHER USE UNDER CURRENT ZONING ORDINANCES. THE INTERIOR LAYOUT OF THE HOUSE WAS DESIGNED BY FRANK LLOYD WRIGHT TO UNIQUELY SERVE THE BASIC FUNCTIONS OF FRATERNITY LIFE. ALTHOUGH THE BUILDING IS A HISTORIC LANDMARK AND ALWAYS AVAILABLE FOR PUBLIC VIEWING AND STUDY, IT IS NOT THE TYPE OF LANDMARK, LIKE LINCOLN'S HOME IN SPRINGFIELD FOR EXAMPLE, THAT ATTRACTS LARGE NUMBERS OF PAYING VISITORS THAT WOULD MAKE IT FEASIBLE TO OPERATE SOLELY AS A PUBLIC ATTRACTION. AS A RESULT OF THE FOREGOING CONSIDERATIONS, MAINTAINING THE BUILDING AS AN OPERATING FRATERNITY HOUSE RENTED TO FRATERNITY MEMBERS IS AN ESSENTIAL PART OF THE ORGANIZATION'S EXEMPT PURPOSE OF PRESERVING THE BUILDING AS A HISTORIC LANDMARK. RENTAL INCOME IS THEREFORE NOT INCOME FROM AN INVESTMENT, BUT RATHER INCOME DERIVED FROM THE ORGANIZATION'S CONDUCT OF ITS EXEMPT PURPOSE.


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Board, Officers & Key Employees

Name (title)Compensation
James Cope
President And Director
$0
James Krupp
Vice President And Directo
$0
David Keck
Secretary / Treasurer And
$0
Richard Pearson
Director
$0
Charles Vaughan
Director
$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$50,350
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$50,350
Total Program Service Revenue$334,502
Investment income $1
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 $384,853

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