Barrister Capital Corporation
- Assets
- $4.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Decatur, IL
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 81-3611704
Organization Overview
Barrister Capital Corporation is located in Decatur, IL. The organization was established in 2019. According to its NTEE Classification (N19) the organization is classified as: Support N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barrister Capital Corporation 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, Barrister Capital Corporation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. 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
BARRISTER CAPITAL CORPORATION WAS FORMED SPECIFICALLY TO OWN, MANAGE, AND FACILITATE LOCAL HOUSING CORPORATIONS FOR THE UNDERGRADUATE MEMBERS OF THE DELTA CHI FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOCAL ORGANIZATIONS WITH THE KNOWLEDGE TO EFFECTIVELY OPERATE A CHAPTER HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Jeffrey Broderick President | OfficerTrustee | 5 | $0 |
Dennis E Marquardt Treasurer | OfficerTrustee | 5 | $0 |
Alex Chan Secretary | OfficerTrustee | 5 | $0 |
Raymond D Galbreth Sr Vice President | OfficerTrustee | 5 | $0 |
Steven Bossart Director | Trustee | 5 | $0 |
Russell K Williams Jr Director | Trustee | 5 | $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 | $1,563,602 |
| Investment income | $163 |
| 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 | $1,563,765 |
| 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 | $92,048 |
| Pension plan accruals and contributions | $485 |
| Other employee benefits | $0 |
| Payroll taxes | $33,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,031 |
| Fees for services: Accounting | $10,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,491 |
| Advertising and promotion | $4,482 |
| Office expenses | $7,663 |
| Information technology | $13,170 |
| Royalties | $0 |
| Occupancy | $859,320 |
| Travel | $39,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,458 |
| Insurance | $11,989 |
| All other expenses | $23,825 |
| Total functional expenses | $1,779,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,046 |
| Savings and temporary cash investments | $86,180 |
| 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 | $5,074 |
| Net Land, buildings, and equipment | $3,781,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $4,037,646 |
| Accounts payable and accrued expenses | $62,412 |
| 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 | $3,215,466 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,248 |
| Total liabilities | $3,429,126 |
| Net assets without donor restrictions | $608,520 |
| 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 | $4,037,646 |
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