House Corporation Of Delta Mu Chapter Of Beta Theta Pi Fraternit
- Assets
- $272.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 75-2658104
Organization Overview
House Corporation Of Delta Mu Chapter Of Beta Theta Pi Fraternit is located in Lubbock, TX. The organization was established in 1997. 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. House Corporation Of Delta Mu Chapter Of Beta Theta Pi Fraternit is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, House Corporation Of Delta Mu Chapter Of Beta Theta Pi Fraternit generated $84.7k 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 (7.1%) each year. All expenses for the organization totaled $79.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
THE HOUSE CORPORATION OWNS AND LEASES A FRATERNITY HOUSE TO THE DELTA MU CHAPTER OF BETA THETA PI AT TEXAS TECH UNIVERSITY, BENEFITING APPROXIMATELY 100 UNDERGRADUATE MEMBERS. IN ADDITION, THE HOUSE CORPORATION CONTINUES TO RAISE FUNDS TO REDUCE DEBT AND MAKE IMPROVEMENTS TO THE HOUSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Young President | 1 | $0 | |
Christian Ritchie Director | 1 | $0 | |
Brent Raif Director | 1 | $0 | |
Travis Marlar Director | 1 | $0 | |
Richard Weir Director | 1 | $0 | |
Greg Moore Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,533 |
| Total Program Service Revenue | $63,101 |
| Membership dues | $0 |
| Investment income | $25 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,659 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $435 |
| Other expenses | $78,615 |
| Total expenses | $79,050 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,832 |
| Other assets | $0 |
| Total assets | $271,959 |
| Total liabilities | $306,143 |
| Net assets or fund balances | -$34,184 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that House Corporation Of Delta Mu Chapter Of Beta Theta Pi Fraternit has recieved totaling $5,454.
| Awarding Organization | Amount |
|---|---|
Beta Theta Pi Foundation Oxford, OH PURPOSE: DESIGNATED EDUCATIONAL AREA GRANT | $5,454 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Delta Delta Park Street Properties Llc Dallas, TX | $1,524,558 | $6,844,854 |
Honor Society Of Phi Kappa Phi Baton Rouge, LA | $65,517,375 | $6,309,664 |
Tri Delta Housing Inc Dallas, TX | $3,409,218 | $1,400,485 |
Delta Kappa Gamma Society Austin, TX | $10,208,781 | $2,395,824 |
Zeta Beta Tau Fraternity Dallas, TX | $286,134 | $1,671,786 |
Delta Iota House Association Of Kappa Gamma Fraternity Baton Rouge, LA | $11,336,572 | $1,890,094 |
Delta Delta Delta Fraternity Delta Iota House Corp Fayetteville, AR | $15,926,703 | $1,714,935 |
Chi Omega Fraternity Baton Rouge, LA | $1,575,304 | $1,510,789 |
Sigma Phi Epsilon Fraternity Inc Austin, TX | $181,081 | $1,301,708 |
Sigma Alpha Epsilon Fraternity Austin, TX | $676,452 | $1,319,713 |
Sigma Alpha Epsilon Fraternity Dallas, TX | $133,385 | $1,411,437 |
Alpha Gamma Delta Fraternity Oklahoma City, OK | $190,635 | $1,255,527 |