Farm House Fraternity Inc
- Assets
- $98.2k
- Revenue
- $775.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Cherokee, OK
- Founding
- 11/1977
- Data as of
- 06/2022
- EIN
- 73-6110758
Organization Overview
Farm House Fraternity Inc is located in Cherokee, OK. The organization was established in 1977. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2022, Farm House Fraternity Inc employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Farm House Fraternity 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, Farm House Fraternity Inc generated $775.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $774.7k during the year ending 06/2022. While expenses have increased by 1.8% 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
THE OBJECT OF OUR FRATERNITY IS TO PROMOTE GOOD FELLOWSHIP, TO ENCOURAGE STUDIOUSNESS, AND TO INSPIRE ITS MEMBERS IN SEEKING THE BEST IN THEIR CHOSEN LINES OF STUDY AS WELL AS IN LIFE. PROGRESS SHALL MARK OUR EVERY STEP; THE SPIRIT OF CONGENIALITY SHALL REIGN AT ALL TIMES; AND EVERY MEMBER SHALL BE HONEST WITH HIMSELF AS WITH HIS BROTHERS. MEN ELECTED TO OUR MEMBERSHIP ARE CONSIDERED TO BE OF GOOD MORAL CHARACTER, TO BE HIGH IN SCHOLARSHIP, TO HAVE THE CAPACITY FOR MEETING AND MAKING FRIENDS, AND TO GIVE PROMISE OF SERVICE TO THEIR FELLOWMEN AND TO THE WORLD. TO BE AND BECOME SUCH MAY AT TIMES REQUIRE A SACRIFICE OF TIME, PLEASURES AND COMFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRATERNITY SUCCESSFULY ACHIEVED IT'S OBJECTIVE TO PROMOTE GOOD FELLOWSHIP, TO ENCOURAGE STUDIOUSNESS, AND INSPIRED ITS MEMBERS IN SEEKING THE BEST IN THEIR CHOSEN LINES OF STUDY AS WELL AS IN LIFE. PROGRESS WAS MARKED AT EVERY STEP; THE SPIRIT OF CONGENIALITY REIGNED AT ALL TIMES; AND EVERY MEMBER LEARNED TO BE HONEST WITH HIMSELF AS WITH HIS BROTHERS. MEN IN OUR MEMBERSHIP WERE CONSIDERED TO BE OF GOOD MORAL CHARACTER, WERE HIGH IN SCHOLARSHIP, HAD THE CAPACITY FOR MEETING AND MAKING FRIENDS, AND GAVE PROMISE OF SERVICE TO THEIR FELLOWMEN AND TO THE WORLD. EACH MEMBER LEARNED THAT AT TIMES THEY WERE REQUIRED TO SACRIFICE TIME, PLEASURES AND COMFORTS FOR GOOD OF OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ethan Villines Secretary | Officer | 0 | $0 |
Harrison Smith Internal VP | Officer | 0 | $0 |
Kaden Mitchell External VP | Officer | 0 | $0 |
Peyton Burns President | Officer | 0 | $0 |
Brendon Weathers Treasurer | Officer | 0 | $0 |
Trevor Hughes Business Mgr | 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 | $775,360 |
| 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 | $775,365 |
| 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 | $0 |
| 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 | $8,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,120 |
| 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 | $0 |
| Advertising and promotion | $1,500 |
| Office expenses | $2,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $236,760 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,270 |
| All other expenses | $155,948 |
| Total functional expenses | $774,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,992 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,072 |
| 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 | $166 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $98,230 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,690 |
| Total liabilities | $34,690 |
| Net assets without donor restrictions | $63,540 |
| 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 | $98,230 |