Overview
What is The Canonsburg Corporation?
The Canonsburg Corporation is a nonprofit entity situated in Indianapolis, Indiana. Its primary focus is to support local chapters and house corporations affiliated with Phi Kappa Psi Fraternity, Inc. This support involves providing housing, financial aid, and related services. The corporation has extended its assistance by offering two additional lines of credit and two additional loans to these house corporations. Additionally, they have collaborated with the fraternity to establish a volunteer base, and worked with legal counsel to help establish or reestablish the necessary IRS and local status for various house corporations. Moreover, they are currently engaging with numerous house corporations to update their by-laws and IRS exemptions, ensuring their compliance and ongoing operations.
Is The Canonsburg Corporation legitimate?
The Canonsburg Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Canonsburg 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Canonsburg Corporation?
The Canonsburg Corporation's mission is centered around providing housing, financing, and related goods and services to local chapters and house corporations affiliated with Phi Kappa Psi Fraternity, Inc. This involves offering support in various ways, including providing additional lines of credit and loans. The corporation also collaborates with the fraternity to establish a volunteer base, and works with legal counsel to help establish or reestablish IRS and local status for these house corporations. Further, they are involved in updating the by-laws and securing IRS exemptions for numerous house corporations.
Who is the CEO of The Canonsburg Corporation?
Claude Warren is the CEO of The Canonsburg Corporation The CEO's salary of The Canonsburg Corporation is $0 and their total compensation is $0.
What is the revenue of The Canonsburg Corporation?
The Canonsburg Corporation's revenue in 2024 was $219,012.
Who are the executives of The Canonsburg Corporation and what are their salaries?
There 10 volunteers at The Canonsburg Corporation.
Here are 10 key members and their salaries (The Canonsburg Corporation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for The Canonsburg Corporation?
The Canonsburg Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Canonsburg Corporation
The Canonsburg Corporation, in its mission, focuses on providing housing, financing, and related goods and services to local chapters and house corporations affiliated with Phi Kappa Psi Fraternity, Inc. This nonprofit organization works diligently to support these chapters, offering a range of essential services. It has extended assistance through two additional lines of credit and two additional loans to house corporations. Furthermore, The Canonsburg Corporation collaborates with the fraternity to establish a baseline of volunteers, ready to assist various house corporations in their operations. Additionally, the nonprofit coordinates with legal counsel to help establish or reestablish IRS and local status for these entities. Beyond this, The Canonsburg Corporation works with numerous house corporations to update their by-laws and IRS exemptions, demonstrating its commitment to providing comprehensive and ongoing support to its affiliated chapters and house corporations.
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Impact
October, 2024
The Canonsburg Corporation significantly enhances the operational and financial stability of local chapters and house corporations affiliated with Phi Kappa Psi Fraternity, Inc. By providing essential housing, financing, and support services, it empowers these organizations to thrive. The Corporation has successfully facilitated two additional lines of credit and loans to house corporations, ensuring they have the necessary resources to maintain and improve their facilities.
Furthermore, The Canonsburg Corporation plays a crucial role in volunteer engagement by establishing a baseline of volunteers to assist various house corporations. This initiative strengthens community involvement and enriches the fraternity experience for its members.
In legal and administrative matters, the Corporation has coordinated with legal counsel to help house corporations establish or reestablish their IRS and local statuses, streamlining compliance and operational efficiency. This work includes updating by-laws and ensuring IRS exemptions, which are vital for the sustainability and growth of these organizations.
Overall, The Canonsburg Corporation's impact is profound, fostering a supportive environment for Phi Kappa Psi chapters while enabling them to navigate financial and administrative challenges effectively.
This information is meant to be a general summary of The Canonsburg 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 2024.
- Investment Income: $49,386
- Program Service Revenue: $169,626
- Gross Receipts: $219,012
Assets and Liabilities:
- Total Assets: $2,576,305
- Total Liabilities: $33,690
- Net Assets: $2,542,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$92,570
FRATERNITY HOUSING LOA
Revenue
$73,436
BENEFIT FROM GUARANTEE
Revenue
$3,620
Organization Details
Founding Year
2005
Principal Officer
John Ziegelmeyer Jr
NTEE Category
Code: N50 - Recreation
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