House Corporation Of Phi Gamma Delta-Rensselaer Polytechnic Inst
- Assets
- $1.4m
- Revenue
- $145.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, NY
- Founding
- 11/1940
- Data as of
- 04/2021
- EIN
- 14-1763764
Organization Overview
House Corporation Of Phi Gamma Delta-Rensselaer Polytechnic Inst is located in Troy, NY. The organization was established in 1940. 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. House Corporation Of Phi Gamma Delta-Rensselaer Polytechnic Inst is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 04/2021, House Corporation Of Phi Gamma Delta-Rensselaer Polytechnic Inst generated $145.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $141.5k during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AND MAINTAIN AN UNDERGRADUATE FRATERNITY OF STUDENTS AT RENSSELAER POLYTECHNIC INSTITUTE. TO BUY AND SELL REAL PROPERTY AS NECESSARY FOR A FRATERNITY HOUSE; TO RENT OR LEASE SUCH REAL PROPERTY AS NECESSARY FOR A FRATERNITY HOUSE. TO HIRE OR RETAIN SUCH PERSONNEL AS NECESSARY FOR THE PURPOSE OF RUNNING, ORGANIZING AND MAINTAINING A FRATERNITY SUCH AS AN ATTORNEY, AN ACCOUNTANT, COOKS, MAINTENANCE MEN AND ANY OTHER PERSONNEL THAT MAY BE NEEDED ACCORDING TO THE EXECUTIVE OFFICERS OF THE FRATERNITY. TO MAINTAIN AND OPERATE A PORTION OF THE FRATERNITY HOUSE AS EDUCATIONAL SPACE. TO FORM A GROUP OF PHI GAMMA DELTA BROTHERS FROM VARIOUS OTHER COLLEGES AND UNIVERSITIES THROUGH OUT THE UNITED STATES OF AMERICA TO SERVE AS A BOARD OF CHAPTER ADVISORS; TO PROMOTE THE BROTHERHOOD OF THE NATIONAL FRATERNITY OF PHI GAMMA DELTA AND TO OPERATE A PHI GAMMA DELTA AT RENSSELAER POLYTECHNIC INSTITUTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRATERNITY HOUSE WAS OCCUPIED AS CAMPUS HOUSING FOR MEMBER STUDENTS ATTENDING RENSSELAER POLYTECHNIC INSTITUTE. THIS PARTICULAR YEAR THE DOMICILE WAS NOT FULLY OCCUPIED AND AS SUCH EXPENSES GREATLY EXCEEDED REVENUE.
RENOVATIONS AND IMPROVEMENTS TO THE PROPERTY.
MEMBER MEETING AND PRESENTATION IN ORDER TO UPDATE MEMBERS AND ASK FOR NEW CONTRIBUTIONS.
MAINTAIN BANK ACCOUNTS, PAY AND FILE TAXES. INVESTMENT INCOME IS INTENDED FOR MAINTENANCE AND OPERATION OF OUR EDUCATIONAL SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Downes Vice President | OfficerTrustee | 5 | $0 |
Andrew Volent Secretary | OfficerTrustee | 5 | $0 |
David Camerota Treasurer | OfficerTrustee | 5 | $0 |
Adam Hagelgans President | Officer | 5 | $0 |
Paul Meixner Director | Trustee | 2 | $0 |
David Glynn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,115 |
| Investment income | $6,861 |
| 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 | $145,909 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $759 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,668 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $954 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $141,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,158 |
| Savings and temporary cash investments | $148,375 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $359 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,413,892 |
| 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 | $764,136 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $764,136 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $649,756 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that House Corporation Of Phi Gamma Delta-Rensselaer Polytechnic Inst has recieved totaling $6,100.
| Awarding Organization | Amount |
|---|---|
Phi Gamma Delta Educational Foundation Lexington, KY PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $6,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tuscarora Intermediate Unit Capital Insurance Trust Pleasant Gap, PA | $4,120,321 | $22,419,678 |
Benevolent Fraternity Of Unitarian Church Roxbury, MA | $18,907,229 | $2,121,494 |
Delta Phi Epsilon Sorority Inc Philadelphia, PA | $2,908,015 | $2,233,543 |
National Sorority Of Phi Delta Kappa Inc Jersey City, NJ | $268,975 | $76,573 |
Beta Alpha Chapter Of Chi Omega House Corp Wayne, PA | $1,129,031 | $303,939 |
Akwesasne Boys & Girls Club St Regis Mohawk Tribe Akwesasne, NY | $980,425 | $1,776,234 |
Phi Sigma Pi National Honor Fraternity Lancaster, PA | $2,938,187 | $1,733,075 |
Zeta Psi Fraternity Of North America Pearl River, NY | $650,645 | $844,211 |
Kappa Delta Rho National Fraternity Inc Latrobe, PA | $697,261 | $1,007,764 |
Theta Chi Fraternity Inc Hamilton, NY | $187,643 | $1,010,005 |
Sigma Pi Fraternity International Inc Ithaca, NY | $1,758,643 | $749,851 |
Alpha Lambda Delta Fairport, NY | $5,719,443 | $1,145,562 |