Tau Properties Inc
- Assets
- $92.1k
- Revenue
- $612.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- Data as of
- 07/2024
- EIN
- 88-2268171
Organization Overview
Tau Properties Inc is located in Raleigh, NC. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tau Properties Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING TO STUDENT MEMBERS & A SOCIAL GATHERING SPACE FOR ALUMNI MEMBERS OF THE PI KAPPA PHI FRATERNITY IN PARTNERSHIP WITH NORTH CAROLINA STATE UNIVERSITY. OUR GOAL IS TO PROVIDE HOUSING & A SOCIAL SPACE THAT ASSISTS IN THE EDUCATION & SUCCESS OF OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED HOUSING TO 37 MEMBERS OF THE PI KAPPA PHI FRATERNITY DURING THE 2023/2024 SCHOOL YEAR. WE PROVIDED A SPACE TO HOST CHAPTER EVENTS TO OUR 116 MEMBERS. WE SPONSORED ALUMNI EVENTS DURING HOMECOMING AND THE SPRING GOLF TOURNAMENT WITH 87% MEMBER PARTICIPATION. WE ALSO WERE AWARDED THE GREEK VILLAGE COMMUNITY OF THE YEAR AWARD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Breasure Treasurer | Officer | 10 | $0 |
Harrison Mclamb Vice President | Officer | 10 | $0 |
Clayton Hinson Board President | Officer | 10 | $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 | $612,210 |
| Investment income | $0 |
| 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 | $612,210 |
| 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 | $186,245 |
| 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 | $1,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,763 |
| Advertising and promotion | $0 |
| Office expenses | $363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $345,067 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,101 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,476 |
| Insurance | $0 |
| All other expenses | $608 |
| Total functional expenses | $597,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $390 |
| 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 | $49,522 |
| Net Land, buildings, and equipment | $13,553 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $92,107 |
| 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 | $92,107 |
| 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 | $92,107 |