Farm House Fraternity Inc
- Assets
- $7.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 11/1977
- Data as of
- 08/2023
- EIN
- 56-0644079
Organization Overview
Farm House Fraternity Inc is located in Raleigh, NC. 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 08/2023, Farm House Fraternity Inc generated $72.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $68.8k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3
TO SUPPORT THE FRATERNITY'S MEMBERS LIVING QUARTERS, MEALS, AND OTHER FRATERNITY FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Ellis VP Of Schola | 0.5 | $0 | |
Brayden Van Wingerden VP Of Financ | 0.5 | $0 | |
Jeremy Brown Secretary | 0.5 | $0 | |
Noah Holshouser House Manage | 0.5 | $0 | |
Parker Brown President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $72,597 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,597 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,991 |
| Occupancy, rent, utilities, and maintenance | $280 |
| Printing, publications, postage, and shipping | $9,382 |
| Other expenses | $57,103 |
| Total expenses | $68,756 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,202 |
| Other assets | $0 |
| Total assets | $7,429 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,429 |