Purple Owl House Corporation
- Assets
- $6.5m
- Revenue
- $471.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/1995
- Data as of
- 07/2021
- EIN
- 74-2688356
Organization Overview
Purple Owl House Corporation is located in Austin, TX. The organization was established in 1995. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purple Owl House Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 07/2021, Purple Owl House Corporation generated $471.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $432.4k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A SOCIAL ORGANIZATION PROVIDING SOCIAL EVENTS & ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MAINTENANCE AND MANAGEMENT OF FRATERNITY HOUSE USED BY PHI GAMMA DELTA, TAU DEUTERON CHAPTER, A SOCIAL FRATERNITY LOCATED AT THE UNIVERSITY OF TEXAS AT AUSTIN. SERVICES INCLUDE ROOM AND BOARD, AND KITCHEN SERVICES FOR THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Mcclure President | Officer | 1 | $0 |
Kevin Snodgrass Director | Trustee | 1 | $0 |
Kent Collins Director | Trustee | 1 | $0 |
Daniel Madera Director | Trustee | 1 | $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 | $6,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,712 |
| Total Program Service Revenue | $464,952 |
| Investment income | $9 |
| 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 | $471,673 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,570 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,235 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,820 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $432,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,373 |
| Savings and temporary cash investments | $511,851 |
| 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 | $5,926,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,453,849 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $6,020,294 |
| Net assets with donor restrictions | $433,555 |
| 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 | $6,453,849 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Purple Owl House Corporation has recieved totaling $47,500.
| Awarding Organization | Amount |
|---|---|
Phi Gamma Delta Educational Foundation Lexington, KY PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $47,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Dominic Village Houston, TX | $13,513,269 | $14,710,628 |
Shelter Ministries Of Dallas Dallas, TX | $40,953,224 | $24,185,311 |
Poydras Home New Orleans, LA | $42,506,681 | $9,878,531 |
Innovative Student Facilities Inc Ruston, LA | $167,914,414 | $12,543,045 |
Sand Springs Home Sand Springs, OK | $70,860,771 | $5,861,443 |
Santa Fe Community Housing Tr Santa Fe, NM | $45,526,696 | $6,534,024 |
Village Project Inc Houston, TX | $61,521,022 | $3,671,137 |
Speck Homes Inc Oklahoma City, OK | $1,586,940 | $3,986,679 |
Na Nizhoozhi Center Inc Gallup, NM | $616,867 | $2,436,730 |
Tanglewood Homes Association Inc Houston, TX | $2,297,553 | $1,937,017 |
Apartment Association Of Tarrant County Inc Hurst, TX | $2,773,713 | $2,419,564 |
New Haven Home Inc Mineral Wells, TX | $302,697 | $1,884,553 |