Interfraternity Council Of The University Of Minnesota
- Assets
- $85.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2023
- EIN
- 86-3894222
Organization Overview
Interfraternity Council Of The University Of Minnesota is located in Minneapolis, MN. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, 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. Interfraternity Council Of The University Of Minnesota is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Interfraternity Council Of The University Of Minnesota generated $93.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $67.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Rexing Jr VP Member Development | 5 | $1,000 | |
Jake Polzin Jr VP Public Relations | 5 | $1,000 | |
Christian Lerch Chief Of Staff | 1 | $500 | |
David Nunn President | 10 | $2,500 | |
Owen Mccloone Campus Security Officer | 2 | $500 | |
Arthur Graham Exec Vice President | 5 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $77,490 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15,567 |
| Total Revenue | $93,057 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,250 |
| Professional fees and other payments to independent contractors | $3,347 |
| Occupancy, rent, utilities, and maintenance | $4,600 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,665 |
| Total expenses | $67,710 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,130 |
| Other assets | $0 |
| Total assets | $85,487 |
| Total liabilities | $1,559 |
| Net assets or fund balances | $83,928 |