Canonsburg Corporation
- Assets
- $1.5m
- Revenue
- $338.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairway, KS
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 48-1085094
Organization Overview
Canonsburg Corporation is located in Fairway, KS. The organization was established in 2008. 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. Canonsburg Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Canonsburg Corporation generated $338.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $223.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 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/MAINTAIN FRATERNITY HOUSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE/MAINTAIN FRATERNITY HOUSE AND CHAPTER SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Santoro Vice President | OfficerTrustee | 5 | $0 |
Nick Reddell President | OfficerTrustee | 5 | $0 |
Adam Dolski Treasurer | OfficerTrustee | 5 | $0 |
Ben Cohen Vice President | OfficerTrustee | 5 | $0 |
James Steimer 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 | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $340,635 |
| Investment income | $556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,159 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,532 |
| 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 | $3,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,069 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30 |
| Advertising and promotion | $0 |
| Office expenses | $260 |
| Information technology | $389 |
| Royalties | $0 |
| Occupancy | $115,971 |
| Travel | $50 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,850 |
| Insurance | $0 |
| All other expenses | $171 |
| Total functional expenses | $223,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,388 |
| Savings and temporary cash investments | $290,586 |
| 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 | $128,364 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,069,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,493,456 |
| Accounts payable and accrued expenses | $98,576 |
| 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 | $208,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,130 |
| Total liabilities | $341,606 |
| 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 | $1,151,850 |
| Total liabilities and net assets/fund balances | $1,493,456 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Canonsburg Corporation has recieved totaling $82,912.
| Awarding Organization | Amount |
|---|---|
Phi Kappa Psi Endowment Association Kansas Alpha Fairway, KS PURPOSE: EDUCATIONAL GRANT TO HOUSE CORPORATION | $82,912 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Epsilon Sigma Alpha International Council Council Fort Collins, CO | $3,554,317 | $5,361,378 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Alumni Association University Of Nebraska Lincoln, NE | $18,158,198 | $3,537,579 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |
Alpha Omega Alpha Honor Medical Society Aurora, CO | $27,406,157 | $2,965,525 |
Alpha Phi Omega National Service Fraternity Kansas City, MO | $10,346,073 | $1,755,361 |
Beta Theta Pi Fraternity Columbia, MO | $104,874 | $1,401,653 |
Beta Gamma Sigma Inc Saint Louis, MO | $4,230,139 | $2,194,158 |
Pi Beta Phi Fraternity Town Country, MO | $567,051 | $1,543,595 |
Alpha Gamma Delta Fraternity Oklahoma City, OK | $190,635 | $1,255,527 |
Farm House Fraternity Inc Kansas City, MO | $1,277,925 | $1,565,559 |