Minnesota Alpha Of Pi Beta Phi Association
- Assets
- $0.0
- Revenue
- $251.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Minneapolis, MN
- Founding
- 02/1967
- Data as of
- 06/2021
- EIN
- 41-6025126
Organization Overview
Minnesota Alpha Of Pi Beta Phi Association, operating under the name Pi Beta Phi House Corporation, is located in Minneapolis, MN. The organization was established in 1967. 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 06/2021, Pi Beta Phi House Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pi Beta Phi House Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Pi Beta Phi House Corporation generated $251.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $243.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (26.6%) per year over the past 2 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
PROVIDE COLLEGIATE SORORITY HOUSING FOR THE MN ALPHA CHAPTER OF PI BETA PHI SORORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDERGRADUATE COLLEGIATE MEMBERSHIP WAS 128 FEMALE STUDENTS ATTENDING THE UNIVERSITY OF MN. HOUSING IS PROVIDED FOR UP TO 35 OF THESE WOMEN DURING THE ACADEMIC YEAR FROM AUGUST 2020 TO MAY 2021. A FULL TIME HOUSE DIRECTOR IS EMPLOYED TO PROVIDE FOR THE SOCIAL WELL BEING OF ALL MEMBERS AND TO OVERSEE DAILY HOUSING OPERATIONS.
A FULL SERVICE FOOD CATERING COMPANY PREPARES/PROVIDES MEALS TO ALL MEMBERS OF THE SORORITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Sabistan President | Officer | 5 | $0 |
Jill Fisher President | Officer | 5 | $0 |
Hollie Yeager Treasurer | Officer | 5 | $0 |
Marcie Johnson Personnel | Officer | 2 | $0 |
Stacy Verbruggie Communications | Officer | 1 | $0 |
Margie Herbert Housing | Officer | 5 | $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 | $25,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,350 |
| Total Program Service Revenue | $226,250 |
| Investment income | $116 |
| 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 | $251,716 |
| 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 | $124,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $568 |
| Payroll taxes | $3,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $2,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,071 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,827 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,281 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,365 |
| Payments to affiliates | $660 |
| Depreciation, depletion, and amortization | $47,565 |
| Insurance | $13,604 |
| All other expenses | $574 |
| Total functional expenses | $243,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |