Farm House Fraternity Inc
- Assets
- $12.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 11/1977
- Data as of
- 12/2022
- EIN
- 45-0238063
Organization Overview
Farm House Fraternity Inc is located in Fargo, ND. The organization was established in 1977. 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. Farm House 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 12/2022, Farm House Fraternity Inc generated $181.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $193.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FRATERNITY HOUSE AT STATE COLLEGE CAMPUS PROVIDING BOARD AND ROOM FOR APPROXIMATELY 40 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Lahlum President | 2 | $0 | |
Daniel Jossund VP Of Finance | 4 | $0 | |
Zach Heppner VP Of Recruitment | 2 | $0 | |
Kyle F Faught Director | 2 | $0 | |
Badger Koepleinn Director | 2 | $0 | |
Samuel Scherping Director Of Administration | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $340 |
| Total Program Service Revenue | $157,765 |
| Membership dues | $23,631 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $181,746 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,200 |
| Professional fees and other payments to independent contractors | $2,739 |
| Occupancy, rent, utilities, and maintenance | $85,788 |
| Printing, publications, postage, and shipping | $300 |
| Other expenses | $88,539 |
| Total expenses | $193,566 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,373 |
| Other assets | $0 |
| Total assets | $12,373 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,373 |