Farm House Fraternity Inc is located in Spokane Valley, WA. The organization was established in 1960. 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 06/2024, Farm House Fraternity Inc generated $38.0k 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 (3.5%) each year. All expenses for the organization totaled $91.7k during the year ending 06/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
TO PROVIDE HOUSING FOR LOCAL FRATERNITY CHAPTER MEMBERS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Tisch President | 1 | $0 | |
Jeremy Vandervegt Treasurer/se | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $38,015 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,015 |
| 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 | $748 |
| Occupancy, rent, utilities, and maintenance | $66,613 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,320 |
| Total expenses | $91,681 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,883 |
| Other assets | $0 |
| Total assets | $97,106 |
| Total liabilities | $56,631 |
| Net assets or fund balances | $40,475 |