Farm House Fraternity Inc
- Assets
- $81.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 05/1941
- Data as of
- 07/2023
- EIN
- 75-1563897
Organization Overview
Farm House Fraternity Inc is located in Lubbock, TX. The organization was established in 1941. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition 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 07/2023, Farm House Fraternity Inc generated $30.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $16.7k during the year ending 07/2023. 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
THE ASSOCIATION RENTS A HOUSING FACILITY TO THE TEXAS TECH UNIVERSITY CHAPTER OF FARMHOUSE FRATERNITY WHICH IS ALSO AN IRS SECTION 501(C)(7) ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Caldwell President | 4 | $0 | |
Ryan Marcom Secretary | 2 | $0 | |
Keith Bell Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,265 |
| Total Program Service Revenue | $18,500 |
| Membership dues | $0 |
| Investment income | $15 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,780 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $15,421 |
| Printing, publications, postage, and shipping | $166 |
| Other expenses | $1,132 |
| Total expenses | $16,719 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,769 |
| Other assets | $0 |
| Total assets | $81,448 |
| Total liabilities | $13,507 |
| Net assets or fund balances | $67,941 |