Nevada Alpha Of Phi Delta Theta Educational Education Foundation
- Assets
- $316.5k
- Revenue
- $50.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Reno, NV
- Founding
- 09/1988
- Data as of
- 06/2023
- EIN
- 94-2553806
Organization Overview
Nevada Alpha Of Phi Delta Theta Educational Education Foundation is located in Reno, NV. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Nevada Alpha Of Phi Delta Theta Educational Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Nevada Alpha Of Phi Delta Theta Educational Education Foundation generated $50.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $35.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE GENERAL UNIVERSITY OF NEVADA, RENO SCHOLARSHIP FUND ESTABLISHED AT THE UNIVERSITY OF NEVADA, RENO FOUNDATION.
RENTAL OF RESIDENCE TO UNIVERSITY OF NEVADA, RENO STUDENTS WHO ARE MEMBERS OF THE PHI DELTA THETA FRATERNITY. ALL RENTS RECEIVED ARE USED FOR THE MAINTENANCE OF THE HOUSE AND PAYMENTS OF ACQUISITION DEBT. RENT IS CHARGED AT A RATE BELOW FAIR MARKET VALUE FOR COMPARABLE RENTALS. RENT IS MAINTAINED AT BELOW MARKET RATES IN ORDER TO PROVIDE FINANCIAL AID TO STUDENTS WHO LIVE THERE AND ARE IN NEED OF FINANCIAL ASSISTANCE IN ORDER TO OBTAIN A COLLEGE DEGREE. IF THERE ARE ANY REMAINING FUNDS AT THE END OF THE YEAR, THE FUNDS ARE DISTRIBUTED TO THE UNIVERSITY GENERAL SCHOLARSHIP FUND.
SUPPORT FOR MEMBERS OF PHI DELTA THETA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcauliffe President | 1 | $0 | |
James Jempsa Secretary/treasurer | 2 | $0 | |
David Mustard Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,010 |
| Interest on Savings | $54 |
| Dividends & Interest | $0 |
| Net Rental Income | $14,488 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,564 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,509 |
| Taxes | $283 |
| Depreciation | $12,226 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,047 |
| Total operating and administrative expenses | $35,210 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $35,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,499 |
| Savings and temporary cash investments | $20,541 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $273,458 |
| Other assets | $0 |
| Total assets | $316,498 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $60,443 |
| Other liabilities | $0 |
| Total liabilities | $60,443 |
Grants Awarded
Over the last fiscal year, Nevada Alpha Of Phi Delta Theta Educational Education Foundation has awarded $4,400 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BEN PEARSON PURPOSE: PROVIDE FINANCIAL AID TO UNR MEMBERS OF PHI DELTA THETA | $300 |
TYLER MERKER PURPOSE: PROVIDE FINANCIAL AID TO UNR MEMBERS OF PHI DELTA THETA | $300 |
JARRETT PEASE PURPOSE: PROVIDE FINANCIAL AID TO UNR MEMBERS OF PHI DELTA THETA | $350 |
SHINCHERO NAKAJIMA PURPOSE: PROVIDE FINANCIAL AID TO UNR MEMBERS OF PHI DELTA THETA | $300 |
MELVIN TANG PURPOSE: PROVIDE FINANCIAL AID TO UNR MEMBERS OF PHI DELTA THETA | $300 |
NICHOLAS ALVAREZ PURPOSE: PROVIDE FINANCIAL AID TO UNR MEMBERS OF PHI DELTA THETA | $350 |