Tau Epsilon Phi Fraternity Inc
- Assets
- $588.9k
- Revenue
- $364.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Troy, NY
- Founding
- 12/1990
- Data as of
- 05/2022
- EIN
- 13-1368460
Organization Overview
Tau Epsilon Phi Fraternity Inc is located in Troy, NY. The organization was established in 1990. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 05/2022, Tau Epsilon Phi Fraternity Inc employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Tau Epsilon Phi Fraternity Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Tau Epsilon Phi Fraternity Inc generated $364.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $466.5k during the year ending 05/2022. 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
TAU EPSILON PHI IS A NATIONAL MEN'S FRATERNITY FOUNDED ON THE PRINCIPLES OF FRIENDSHIP, CHIVALRY AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER LEADERSHIP ACADEMY: CHAPTER AND COLONY LEADERS ARE INVITED TO PARTICIPATE IN A MULTI DAY PROGRAM WHERE ATTENDEES RECEIVE LEADERSHIP TRAINING INCLUDING REAL TIME PRACTICE WITH OTHER ATTENDEES, ASSISTANCE WITH PLANNING FOR LOCAL CHAPTER PROGRAMS, EDUCATION RELATED TO RUSH AND RECRUITMENT OF NEW MEMBERS, FINANCIAL MANAGEMENT TRAINING RELATED TO CHAPTER OPERATIONS, REVIEW OF INSURANCE COVERAGE, EDUCATION ON RISK MANAGEMENT, AMNESTY PROGRAMS, MEDICAL AMNESTY PROGRAMS, ROSTER AND BILLING POLICIES, SCHOLARSHIP AVAILABILITY WITH OUTSIDE PARTNERS AND THE TEP FOUNDATION AS WELL AS THE ABILITY TO TAKE ADVANTAGE OF OUR CHARITABLE CONTRIBUTION MATCHING PROGRAM.
GRAND CHAPTER: THIS IS A BIENNIAL EVENT THAT BRINGS UNDERGRADUATE DELEGATES AND ALUMNI MEMBERS TOGETHER FOR A REVIEW OF GOVERNANCE, ELECTION OF GRAND COUNCIL (BOARD OF DIRECTOR) MEMBERS, EDUCATION ON INTERNAL PROGRAMS AND POLICIES AS WELL OPPORTUNITIES TO NETWORK WITH THEIR CONTEMPORARIES AND FELLOW ALUMNI MEMBERS.
CHAPTER SERVICES: ANNUALLY, DEDICATED STAFF MEET WITH EACH CHAPTER EITHER IN PERSON OR VIRTUALLY TO PROVIDE CONSULTING SERVICES ON A VARIETY OF FRATERNAL TOPICS. THESE TOPICS INCLUDE ASSESSING NATIONAL FRATERNITY RELATIONS, CANDIDATE EDUCATION, CONTINUED MEMBER EDUCATION, COMMUNITY SERVICE AND PHILANTHROPY, RUSH AND RECRUITMENT, ALUMNI RELATIONS, FINANCIAL MANAGEMENT, CHAPTER MANAGEMENT, AND CAMPUS ACTIVITIES/LEADERSHIP/ INVOLVEMENT. FOLLOWING AN ASSESSMENT WITH OUR CONSULTANTS, EACH CHAPTER IS PROVIDED TAILORED PROGRAMING IN AREAS OF IMPROVEMENT. OUR CONSULTANTS PROVIDE THIS FEEDBACK, WORK WITH THE NECESSARY OFFICERS AND MEMBERS AND THEN FOLLOW UP ON AGREED UPON TIMELINES TO REVIEW IMPROVEMENT. THOSE CHAPTERS THAT HAVE CHALLENGES MAY GET ADDITIONAL ATTENTION TO HELP RESOLVE OPEN ITEMS TO MINIMIZE THE POTENTIAL FOR DISCIPLINARY ACTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Smith Executive Director | Officer | 40 | $72,000 |
Joel Kanter 2nd Vice Consul / Vice President | OfficerTrustee | 1 | $0 |
Mark Gardner Tribune / Secretary | OfficerTrustee | 3 | $0 |
Mark Abramson Consul / President | OfficerTrustee | 5 | $0 |
Matthew Tursi Vice Consul For Undergraduate Affairs | OfficerTrustee | 5 | $0 |
Jr Benning 1st Vice Consul / Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,875 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,047 |
| Total Program Service Revenue | $333,875 |
| Investment income | $5,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,652 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,786 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,637 |
| 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. | $81,521 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,579 |
| Pension plan accruals and contributions | $2,968 |
| Other employee benefits | $2,048 |
| Payroll taxes | $14,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,619 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,315 |
| Information technology | $22,274 |
| Royalties | $0 |
| Occupancy | $2,977 |
| Travel | $39,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,291 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $81,473 |
| All other expenses | $5,881 |
| Total functional expenses | $466,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,414 |
| Savings and temporary cash investments | $82,716 |
| 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 | $26,323 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $441,413 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $588,866 |
| Accounts payable and accrued expenses | $1,924 |
| 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 | $1,924 |
| Net assets without donor restrictions | $586,942 |
| 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 | $588,866 |
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