Farm House Fraternity Inc
- Assets
- $1.3m
- Revenue
- $1.6m
- Investments
- $33.7k
- Employees
- 15
- Location
- Kansas City, MO
- Founding
- 11/1977
- Data as of
- 06/2021
- 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 08/2021, Farm House Fraternity Inc employed 15 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 06/2021, Farm House Fraternity Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 1.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
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
PROVIDED MEALS, HOUSING AND SOCIAL PROGRAMS FOR THE LOCAL SOCIAL FRATERNITY MEMBERS - TOTAL OF 39 MEMBERS FOR THE YEAR.
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 | $156,777 |
Gabriel Eckert President | OfficerTrustee | 7 | $0 |
Eric Bymaster Treasurer | OfficerTrustee | 5 | $0 |
Eric Steiner Director | Trustee | 5 | $0 |
John Foltz Director | Trustee | 5 | $0 |
Brian Fenimore 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 | $361,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,840 |
| Total Program Service Revenue | $1,084,395 |
| Investment income | $106,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,544 |
| 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 | -$6,470 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,565,559 |
| 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. | $191,859 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $503,663 |
| Pension plan accruals and contributions | $51,146 |
| Other employee benefits | $50,442 |
| Payroll taxes | $50,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,766 |
| Fees for services: Accounting | $12,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $66,452 |
| Office expenses | $73,095 |
| Information technology | $6,000 |
| Royalties | $0 |
| Occupancy | $38,574 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,962 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,511 |
| Insurance | $17,737 |
| All other expenses | $23,381 |
| Total functional expenses | $1,286,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $333,647 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $259,367 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,280 |
| Prepaid expenses and deferred charges | $12,622 |
| Net Land, buildings, and equipment | $18,599 |
| Investments—publicly traded securities | $599,415 |
| Investments—other securities | $33,745 |
| Investments—program-related | $0 |
| Intangible assets | $8,250 |
| Other assets | $3,152 |
| Total assets | $1,277,925 |
| Accounts payable and accrued expenses | $66,517 |
| Grants payable | $0 |
| Deferred revenue | $159,505 |
| 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 | $176,481 |
| Total liabilities | $402,503 |
| Net assets without donor restrictions | $875,422 |
| 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 | $1,277,925 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Farm House Fraternity Inc has recieved totaling $501,176.
| Awarding Organization | Amount |
|---|---|
Farmhouse Foundation Kansas City, MO PURPOSE: EDUCATION, LEADERSHIP, TRAINING, RENT | $501,176 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |
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 |
Nautilus Management Inc Memphis, TN | $16,834,211 | $2,172,564 |
The Tau Beta Pi Association Inc Knoxville, TN | $43,758,884 | $4,633,459 |
Alpha Phi International Fraternity Chicago, IL | $317,269 | $2,685,882 |
Phi Gamma Delta Educational Foundation Lexington, KY | $23,695,128 | $3,021,786 |