Indiana Epsilon House Corp Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351883933 ✦ Grandville, MI ✦ Designated as a 501(c)(7)

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Overview

What is Indiana Epsilon House Corp Inc?

Indiana Epsilon House Corp Inc is a nonprofit organization situated in Grandville, Michigan. Its primary mission is to own and manage a building on a university campus, providing housing for undergraduate members of the Epsilon Chapter of the Phi Kappa Psi Fraternity. To accomplish this, the organization raises funds through membership donations, fees, and other lawful means as permitted by the Nonprofit Act of 1971. The nonprofit's operations are limited to supporting the Epsilon Chapter of Phi Kappa Psi Fraternity and its chapter house and properties. It employs a small team of one individual to carry out its mission effectively.

Is Indiana Epsilon House Corp Inc legitimate?

Indiana Epsilon House Corp Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Indiana Epsilon House Corp Inc 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: $11,553

For more financial information, click here

What is the mission statement of Indiana Epsilon House Corp Inc?

Indiana Epsilon House Corp Inc's mission is centered around managing the chapter house and properties of the Epsilon Chapter of the Phi Kappa Psi fraternity. Their primary objective is to oversee the assets of the chapter and raise funds for its support. This is achieved through membership donations, fees, and engaging in any lawful activities as permitted by the NFP Act of 1971. The main purpose of the corporation is to own and operate a building on a university campus, providing housing for undergraduate members.

Who is the CEO of Indiana Epsilon House Corp Inc?

Matt Solak is the President of Indiana Epsilon House Corp Inc.

What is the revenue of Indiana Epsilon House Corp Inc?

Indiana Epsilon House Corp Inc's revenue in 2023 was $340,940.

Who are the executives of Indiana Epsilon House Corp Inc and what are their salaries?

The average compensation at Indiana Epsilon House Corp Inc during 2023 was $11,553. There is 1 employee at Indiana Epsilon House Corp Inc.


Here are 4 key members and their salaries:


Richard Schraeger (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Nicol (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Luciano (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Solak (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Indiana Epsilon House Corp Inc?

Indiana Epsilon House Corp Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Indiana Epsilon House Corp Inc

Indiana Epsilon House Corp Inc, as a nonprofit organization, is dedicated to managing and maintaining the chapter house and properties of the Epsilon Chapter of the Phi Kappa Psi fraternity. Its primary mission is to support this chapter financially, utilizing membership donations, fees, and funds raised through lawful means, as stipulated by the NFP Act of 1971. Moreover, Indiana Epsilon House Corp Inc serves to oversee and manage any assets associated with the Epsilon Chapter of Phi Kappa Psi, ensuring the chapter's success and stability. The organization's central aim is to provide housing for undergraduate members within a building located on a university campus.

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Impact




October, 2024

Indiana Epsilon House Corp Inc significantly impacts the Epsilon Chapter of the Phi Kappa Psi Fraternity by providing essential housing and facilities for undergraduate members. This organization plays a crucial role in maintaining and managing the chapter house, ensuring it meets the needs of its residents while fostering a supportive and engaging community. By raising funds through membership donations and fees, Indiana Epsilon House Corp Inc not only sustains the physical space but also supports various chapter programs and activities that enhance the educational and social experiences of its members. The presence of such a dedicated organization contributes to a vibrant fraternity culture, helping to develop leadership skills, lifelong friendships, and a commitment to academic excellence among its members.




This information is meant to be a general summary of Indiana Epsilon House Corp Inc. 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.

Revenue
$340,940 (2023)
Expenses
$514,247 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $3
  • Program Service Revenue: $340,937
  • Gross Receipts: $340,940

Assets and Liabilities:

  • Total Assets: $4,980,237
  • Total Liabilities: $2,711,066
  • Net Assets: $2,269,171

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$340,937

Organization Details

Founding Year

1985

Principal Officer

Matt Solak

Main Address

2885 SANFORD AVENUE SW 15251, Grandville, MI, 494181342

NTEE Category

Code: B83 - Education

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