Esponda Associates Inc
- Assets
- $33.8m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/2014
- Data as of
- 05/2023
- EIN
- 90-1116041
Organization Overview
Esponda Associates Inc is located in Indianapolis, IN. The organization was established in 2014. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Esponda Associates Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2023, Esponda Associates Inc generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $15.0m during the year ending 05/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ESPONDA ASSOCIATES INC. WAS ESTABLISHED TO MANAGE BUILDING FACILIITIES. THE ORGANIZATION WAS ALSO ORGANIZED TO FACILITATE, FOSTER, AND ENCOURAGE FRIENDSHIP, RECREATION, SOCIAL INTERACTION, THE PURSUIT OF KNOWLEDGE, AND OTHER NON-PROFIT PURPOSES AND ACTIVITITES AMONG ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE NOT-FOR-PROFIT HOUSING, EDUCATION, AND PROGRAMMING TO MEMBERS OF 501(C)(7) FRATERNITY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Schiff Vice President | OfficerTrustee | 5 | $0 |
Andrew Fradkin President | OfficerTrustee | 5 | $0 |
Jon Pierce Secretary | OfficerTrustee | 5 | $0 |
Andrew Borans Director | Trustee | 5 | $0 |
Rob Derdiger Treasurer | OfficerTrustee | 5 | $0 |
Joshua Schenk Director Of Housing | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Campus Apts Management Rent Expense | 5/30/22 | $326,710 |
Zeta Beta Tau-phi Sigma Delta Corp Rent Expense | 5/30/22 | $183,900 |
Ldg Commercial Llc Rent Expense | 5/30/22 | $168,000 |
Apex Services Repairs | 5/30/22 | $137,173 |
Manda Properties Rent Expense | 5/30/22 | $101,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $106,780 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,593 |
| Total Program Service Revenue | $7,898,745 |
| Investment income | $12,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,044,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,967,076 |
| 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 | $988,500 |
| Fees for services: Legal | $166,042 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,978 |
| Advertising and promotion | $0 |
| Office expenses | $3,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,459,792 |
| Travel | $3,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,148,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,538,552 |
| Insurance | $278,984 |
| All other expenses | $0 |
| Total functional expenses | $14,988,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,145 |
| Savings and temporary cash investments | $0 |
| 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 | $33,363,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,500 |
| Total assets | $33,836,774 |
| 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 | $511,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,851,360 |
| Total liabilities | $24,363,265 |
| Net assets without donor restrictions | $9,473,509 |
| 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 | $33,836,774 |
Grants Awarded
Over the last fiscal year, Esponda Associates Inc has awarded $4,967,076 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ESPONDA ASSOCIATES INC PURPOSE: PROGRAM SUPPORT | $176,167 |
EDGEMERE FRATERNAL PROPERTIES PURPOSE: PROGRAM SUPPORT | $4,790,909 |