Triangle Fraternity National Council
- Assets
- $828.0k
- Revenue
- $158.1k
- Investments
- $0.0
- Employees
- 0
- Location
- State College, PA
- Founding
- 11/1966
- Data as of
- 06/2022
- EIN
- 24-0805529
Organization Overview
Triangle Fraternity National Council is located in State College, PA. The organization was established in 1966. 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. Triangle Fraternity National Council is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Triangle Fraternity National Council generated $158.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $100.3k during the year ending 06/2022. 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
TO DEVELOP BALANCED MEN IN THE FIELDS OF ENGINEERING ARCHITECTURE AND SCIENCE BY PROVIDING ENVIRONMENT FOR GROWTH AND SUCCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROTHERHOOD DEVELOPMENT 1) NEW MEMBER RECRUITMENT - CONTINUOUS EFFORTS TO IDENTIFY, RECRUIT AN INITIATE NEW BROTHERS 2) NATIONAL MEMBERSHIP DUES - STRATEGIC GUIDANCE AND PROGRAMMING FROM NATIONAL HEADQUARTERS
ALUMNI RELATIONS 1) SEMI - ANNUAL CORPORATION MEETINGS - PUBLIC FORUM FOR ALL MEMBERS TO DISCUSS THE CURRENT STATE OF AFFAIRS OF THE ORGANIZATION 2) NATIONAL CONVENTION - ANNUAL CONVENTION OF DELEGATES FROM ALL CHAPTERS TO STRATEGIZE THE FUTURE DIRECTION 3) SEMI-ANNUAL NEWSLETTERS - MASS MAILINGS TO INFORM ALUMNI OF THE CHAPTER STATUS NEWS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Groenveld President | Officer | 5 | $0 |
John Decker Treasurer | Officer | 5 | $0 |
Scott Gryzbek Vice President | Officer | 5 | $0 |
Brandon Scoriano Undergrad President | Officer | 5 | $0 |
Richard Rylott Facilities Manager | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,550 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,891 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,441 |
| Total Program Service Revenue | $57,682 |
| Investment income | $6 |
| 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 | $158,129 |
| 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 | $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 | $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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,618 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,309 |
| All other expenses | $0 |
| Total functional expenses | $100,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,363 |
| Savings and temporary cash investments | $29,618 |
| 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 | $530,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $827,981 |
| 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 | $143,602 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,000 |
| Total liabilities | $343,602 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $484,379 |
| Total liabilities and net assets/fund balances | $827,981 |
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