Farm House Fraternity Inc

Organization Overview

Farm House Fraternity Inc, operating under the name Minnesota Association, is located in Minneapolis, MN. The organization was established in 1977. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Minnesota Association 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, Minnesota Association generated $339.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $354.6k during the year ending 06/2022. While expenses have increased by 6.1% 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

PROVIDING COLLEGIATE FRATERNITY HOUSING, ACTIVITES AND ENVIRONMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBERSHIP CONSISTED OF 33 MALE UNDERGRADUATE STUDENTS ATTENDING THE UNIVERSITY OF MINNESOTA. HOUSING IS PROVIDED FOR UP TO 50 MEMBERS FROM AUGUST 2021 TO MAY 2022. MEMBER PREPARED MEALS ARE PROVIDED FOR ALL MEMBERS OF THE FRATERNITY. A PART TIME LIVE-IN HOUSE DIRECTOR IS EMPLOYED BY THE HOUSE ASSOCIATION FOR THE SOCIAL WELL BEING OF ALL FRATERNITY MEMBERS.


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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$2,450
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,450
Total Program Service Revenue$330,143
Investment income $717
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $4,895
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $339,520

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