Overview
What is Phi Beta Epsilon Corporation?
Phi Beta Epsilon Corporation is a nonprofit organization situated at 40 Cottage Street, Cambridge, Massachusetts. Their primary mission is to support a chapter of Phi Beta Epsilon at Massachusetts Institute of Technology (MIT) by providing necessary resources and facilities. They also distribute a newsletter filled with updates on corporate activities, news from undergraduate students at MIT, and shared experiences from alumni. The organization's main goal is to foster relationships among its members, mainly undergraduate students, and maintain the chapter's building in Cambridge.
Is Phi Beta Epsilon Corporation legitimate?
Phi Beta Epsilon Corporation is a legitimate nonprofit organization registered as a 501(c)(8) entity. Phi Beta Epsilon Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Phi Beta Epsilon Corporation?
Phi Beta Epsilon Corporation serves as an alumni organization, primarily focused on supporting undergraduate students associated with an MIT fraternity. Its mission is to foster and strengthen relationships among all its brothers. Additionally, the corporation aims to maintain a physical presence, such as a building, to uphold a chapter of Phi Beta Epsilon in Massachusetts. To accomplish these objectives, the corporation provides the necessary equipment and facilities required for the chapter's operation. Furthermore, the organization disseminates a newsletter that contains updates on corporate activities, news from undergraduate students at MIT, and stories and pictures from the alumni.
Who is the CEO of Phi Beta Epsilon Corporation?
Roy Russell is the President of Phi Beta Epsilon Corporation.
What is the revenue of Phi Beta Epsilon Corporation?
Phi Beta Epsilon Corporation's revenue in 2022 was $705,009.
Who are the executives of Phi Beta Epsilon Corporation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Phi Beta Epsilon Corporation?
Phi Beta Epsilon Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phi Beta Epsilon Corporation
Phi Beta Epsilon Corporation, an alumni organization for the MIT fraternity, is dedicated to supporting undergraduate students and fostering relationships among its members. Its mission is to maintain a chapter of Phi Beta Epsilon in Massachusetts and provide the necessary resources to accomplish this. This includes offering equipment and quarters essential for the chapter's operation. The corporation also aims to strengthen the bond between its alumni and current students by publishing a newsletter containing updates on corporate activities, news from undergraduates at MIT, and stories and pictures from its alumni. In essence, Phi Beta Epsilon Corporation serves to cultivate a sense of community and camaraderie among its members, promoting a supportive environment for undergraduate students within the fraternity.
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Impact
October, 2024
Phi Beta Epsilon Corporation plays a pivotal role in fostering community and support among undergraduate students at MIT. By focusing on building and nurturing relationships among its members, the organization creates a strong network that benefits both current students and alumni. Its commitment to maintaining facilities in Cambridge ensures that members have a welcoming space for collaboration and camaraderie.
Additionally, Phi Beta Epsilon provides essential resources, such as housing and equipment, necessary for the functioning of the fraternity. The organization disseminates newsletters that keep members informed about corporate activities, updates from undergraduates, and stories from alumni, reinforcing a sense of belonging and continuity within the community. Through these efforts, Phi Beta Epsilon Corporation significantly enhances the educational and social experiences of its members, contributing to their personal and academic growth.
This information is meant to be a general summary of Phi Beta Epsilon Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,700
- Program Service Revenue: $643,777
- Gross Receipts: $705,009
Assets and Liabilities:
- Total Assets: $10,147,445
- Total Liabilities: $1,588,900
- Net Assets: $8,558,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM UNDERGRADUATES
Revenue
$558,482
REUNION PAYMENTS
Revenue
$9,454
RA ASSISTANCE FROM MIT
Revenue
$75,841
Organization Details
Phone
(339) 970-1018Principal Officer
Roy Russell
Main Address
40 COTTAGE STREET, CAMBRIDGE, MA, 02139
NTEE Category
Code: B83 - Education
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