Farm House Fraternity Inc
- Assets
- $953.4k
- Revenue
- $72.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 03/1978
- Data as of
- 09/2022
- EIN
- 45-6038298
Organization Overview
Farm House Fraternity Inc is located in Fargo, ND. The organization was established in 1978. 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 09/2022, Farm House Fraternity Inc generated $72.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $105.4k during the year ending 09/2022. While expenses have increased by 0.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 HOUSING TO FARMHOUSE FRATERNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING FOR THE ND CHAPTER OF FARMHOUSE FRATERNITY AND OVERFLOW HOUSING TO FRATERNITY MEMBERS DURING THE YEAR
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Mostad Secretary | OfficerTrustee | 1 | $0 |
Tom Mcdougall Treasurer | OfficerTrustee | 1 | $0 |
Eric Lahlum President | OfficerTrustee | 1 | $0 |
Jayden Macdonald Director | OfficerTrustee | 1 | $0 |
Keith Hanson Director | Trustee | 1 | $0 |
David Walsvik Director | Trustee | 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 | $28,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,596 |
| Total Program Service Revenue | $43,500 |
| Investment income | $0 |
| 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 | $72,096 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,929 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,654 |
| Insurance | $4,357 |
| All other expenses | $645 |
| Total functional expenses | $105,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,587 |
| 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 | $939,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $190 |
| Other assets | $3 |
| Total assets | $953,432 |
| 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 | $65,884 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,884 |
| 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 | $887,548 |
| Total liabilities and net assets/fund balances | $953,432 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Farm House Fraternity Inc has recieved totaling $15,391.
| Awarding Organization | Amount |
|---|---|
Farmhouse Foundation Kansas City, MO PURPOSE: EDUCATIONAL PORTION OF HOUSING & LEADERSHIP | $15,391 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chi Omega Fraternity Minneapolis, MN | $163,494 | $592,068 |
Sigma Chi Fraternity Minneapolis, MN | $88,169 | $515,786 |
Alpha Gamma Delta Fraternity Minneapolis, MN | $135,821 | $520,912 |
Gamma Phi Beta Sorority Inc Minneapolis, MN | $676,755 | $438,768 |
Chi Association Of Kappa Kappa Gamma Of Mn Minneapolis, MN | $1,077,858 | $426,958 |
Pi Beta Of Chi Omega House Corporation Minneapolis, MN | $479,550 | $461,470 |
Epsilon Corporation Of Minnesota Minneapolis, MN | $1,648,903 | $490,047 |
Sigma Alpha Epsilon Fraternity Minneapolis, MN | $90,573 | $424,308 |
Alpha Gamma Delta Fraternity Fargo, ND | $23,646 | $376,626 |
Sigma Nu Fraternity Minneapolis, MN | $101,694 | $400,154 |
Delta Tau Delta Fraternity Minneapolis, MN | $54,679 | $364,651 |
Farm House Fraternity Inc Minneapolis, MN | $3,624,790 | $352,834 |