North Carolina Alpha Chapter Of Pi Beta Phi House Corporation
- Assets
- $1.2m
- Revenue
- $591.5k
- Investments
- $0.0
- Employees
- 17
- Location
- Chapel Hill, NC
- Founding
- 03/1965
- Data as of
- 08/2022
- EIN
- 56-6049994
Organization Overview
North Carolina Alpha Chapter Of Pi Beta Phi House Corporation, operating under the name Of Pi Beta Phi House Corporati, is located in Chapel Hill, NC. The organization was established in 1965. 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 08/2022, Of Pi Beta Phi House Corporati employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Of Pi Beta Phi House Corporati is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2022, Of Pi Beta Phi House Corporati generated $591.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $578.0k during the year ending 08/2022. While expenses have increased by 4.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A SAFE EMPLOYER; TO MAINTAIN A SAFE RESIDENCE FOR OUR COLLEGIATE MEMBERS; AND TO PROVIDE A GATHERING PLACE FOR MEMBERS TO FOSTER TEAMWORK, LIFELONG FRIENDSHIPS, AND COLLEGIATE MEMORIES IN THE PI BETA PHI SPIRIT OF OUR FOUNDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NC ALPHA CHAPTER OF PI BETA PHI HOUSE CORPORATION IS A MEMBERSHIP ORGANIZATION COMPRISED OF ALUMNAE VOLUNTEERS WHO MANAGE AND MAINTAIN TWO HOUSES FOR THE NC ALPHA CHAPTER OF PI BETA PHI FRATERNITY. EACH YEAR THE EXEMPT FUNCTION ACHIEVEMENTS ARE FOCUSED ON MANAGING THE DAY-TO-DAY AFFAIRS OF THE CORPORATION WHICH INCLUDE PURCHASING, BUILDING, FURNISHING, DECORATING, AND RENOVATING THE CHAPTER PROPERTY. ADDITIONALLY THE CORPORATION MANAGES THE STAFF OF THE HOUSE TO ENSURE THAT A SAFE RESIDENCE IS MAINTAINED FOR THE COLLEGIATE MEMBERS OF THE CHAPTER PROVIDING A GATHERING PLACE FOR MEMBERS TO FOSTER TEAMWORK, LIFELONG FRIENDSHIPS AND COLLEGIATE MEMORIES IN THE PI BETA PHI SPIRIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne-Marie Cummings President | Officer | 1 | $0 |
Morgan A Marshall-Clark Treasurer | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $591,288 |
| 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 | $591,480 |
| 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 | $194,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,488 |
| Advertising and promotion | $0 |
| Office expenses | $75 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,895 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,575 |
| Insurance | $19,955 |
| All other expenses | $0 |
| Total functional expenses | $577,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,014 |
| 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 | $1,151,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,207,667 |
| Accounts payable and accrued expenses | $3,677 |
| 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 | $296,522 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $300,199 |
| Net assets without donor restrictions | $907,468 |
| 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 | $1,207,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Kappa Phi Properties Inc Charlotte, NC | $36,157,884 | $10,688,194 |
Sigma Phi Epsilon Fraternity Inc Richmond, VA | $54,140,029 | $10,282,777 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Omega Psi Phi Fraternity Decatur, GA | $10,119,312 | $8,150,669 |
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 |
Sigma Nu Educational Foundation Inc Lexington, VA | $16,834,611 | $2,302,992 |
Pi Kappa Phi Foundation Charlotte, NC | $14,162,556 | $2,105,535 |
Alpha Omega Clinic And Consultation Fairfax, VA | $317,274 | $1,917,356 |
Kappa Alpha Order Educational Foundation Lexington, VA | $13,471,837 | $4,116,886 |
Phi Mu Foundation Peachtree City, GA | $11,103,093 | $1,619,138 |
Alpha Gamma Delta Fraternity Athens, GA | $135,188 | $1,394,894 |