Fraternity Executives Association
- Assets
- $1.1m
- Revenue
- $390.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- 09/1985
- Data as of
- 12/2022
- EIN
- 31-1140222
Organization Overview
Fraternity Executives Association is located in Indianapolis, IN. The organization was established in 1985. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Fraternity Executives Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Fraternity Executives Association generated $390.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $562.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL AND OTHER SUPPORT OF THE FRATERNAL MOVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS INCLUDE: INTERFRATERNITY INSTITUTE PROGRAM WHICH IS A PROFESSIONAL DEVELOPMENT INSTITUTE FOCUSED ON COLLEGE STUDENT PROFESSIONALS WHO HAVE BEEN IN THE FIELD 1-5 YEARS. MEMBERS ATTENDED TO LEARN ABOUT STANDARDS IMPLEMENTATION, HAZING, COMMUNITY CHANGE, AND RISK MANGEMENT; AND FRONTLINE CONFERENCE WHICH IS TRAINING THAT ALLOWS STAFF TO TRAIN WITH UNIVERSITY STUDENT DEVELOPMENT STAFF BY ATTENDING SEMINARS CONDUCTED BY EXPERTS IN THE FIELD.
ANNUAL MEETING: EXECUTIVES AND OTHER FRATERNAL STAFF MEMBERS ATTEND TO LEARN AND DISCUSS DIFFERENT FACTORS IN THE FRATERNAL MOVEMENT SUCH AS RISK MANAGEMENT, RECRUITMENT, EXPANSION, AND STAFF MANAGEMENT.
GRANTS: INTERFRATERNITY INSTITUTE SCHOLARSHIPS, RISK MANAGEMENT, AND EDUCATIONAL GRANTS FOR INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole W Meneley Chief Executive Officer | Officer | 40 | $124,607 |
Mike Church Director | Trustee | 1 | $0 |
Elysia Gallivan Director | Trustee | 1 | $0 |
Tom Murphy Director | Trustee | 1 | $0 |
Michelle Ardern President | OfficerTrustee | 1 | $0 |
Jordan Bentlage President-Elect | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,550 |
| Total Program Service Revenue | $422,402 |
| Investment income | $24,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$69,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $390,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,171 |
| 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 | $9,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,388 |
| Fees for services: Accounting | $15,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,597 |
| Fees for services: Other | $329 |
| Advertising and promotion | $0 |
| Office expenses | $8,762 |
| Information technology | $635 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $341,663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,047 |
| All other expenses | $0 |
| Total functional expenses | $562,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,829 |
| 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 | $3,114 |
| Prepaid expenses and deferred charges | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,026,097 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,067,040 |
| Accounts payable and accrued expenses | $14,843 |
| 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 | $14,843 |
| Net assets without donor restrictions | $954,887 |
| Net assets with donor restrictions | $97,310 |
| 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 | $1,067,040 |