Farm House Fraternity Inc
- Assets
- $910.6k
- Revenue
- $1.9m
- Investments
- $22.5k
- Employees
- 14
- Location
- Kansas City, MO
- Founding
- 11/1977
- Data as of
- 06/2023
- EIN
- 51-0189585
Organization Overview
Farm House Fraternity Inc is located in Kansas City, MO. 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. As of 06/2023, Farm House Fraternity Inc employed 14 individuals. This organization is a parent organization of 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 06/2023, Farm House Fraternity Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 8.4% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SERVICES TO MEMBERS OF FRATERNITY INCLUDING PROVIDING EDUCATION SEMINARS AND RESOURCES FOR A POSITIVE GROWTH OF BROTHERHOOD AND NETWORKING BEYOND THE LOCAL CHAPTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP ACADEMY AND REGIONAL LEADERSHIP CONFERENCE - THESE TWO EDUCATION EVENTS ARE CONDUCTED FOR FUTURE LEADERS OF THE CHAPTERS. THE EVENTS STRENGTHEN THE GOVERNANCE OF THE VARIOUS CHAPTERS.
LIABILITY INSURANCE FOR THE CHAPTERS - LIABILITY INSURANCE IS FURNISHED TO VARIOUS CHAPTERS AT A SINGLE PRICE. A POLICY IS PURCHASED WHICH OFFERS THE CHAPTER EXCELLENT COVERAGE AT A REDUCED RATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Wiggins Chief Executive Officer | Officer | 60 | $230,543 |
Dave Hansen Chief Executive Officer | Officer | 60 | $0 |
Eric Bymaster President | OfficerTrustee | 7 | $0 |
Joe Stephens Vice President | OfficerTrustee | 7 | $0 |
Judson Ricks Treasurer | OfficerTrustee | 7 | $0 |
John Foltz Director | Trustee | 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 | $536,771 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,771 |
| Total Program Service Revenue | $1,319,018 |
| Investment income | $20,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,871 |
| 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 | -$10,752 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,889,700 |
| 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. | $174,721 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $579,054 |
| Pension plan accruals and contributions | $56,583 |
| Other employee benefits | $80,711 |
| Payroll taxes | $55,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,121 |
| Fees for services: Accounting | $10,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $69,779 |
| Office expenses | $50,567 |
| Information technology | $7,778 |
| Royalties | $0 |
| Occupancy | $16,383 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,309 |
| Insurance | $22,537 |
| All other expenses | $94,546 |
| Total functional expenses | $2,081,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $200,737 |
| 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 | $11,449 |
| Prepaid expenses and deferred charges | $5,571 |
| Net Land, buildings, and equipment | $29,218 |
| Investments—publicly traded securities | $618,980 |
| Investments—other securities | $22,487 |
| Investments—program-related | $0 |
| Intangible assets | $8,250 |
| Other assets | $0 |
| Total assets | $910,613 |
| Accounts payable and accrued expenses | $25,433 |
| Grants payable | $0 |
| Deferred revenue | $227,230 |
| 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 | $86,790 |
| Total liabilities | $339,453 |
| Net assets without donor restrictions | $571,160 |
| 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 | $910,613 |