Overview
What is Fraternity Of Phi Gamma Delta Landmark Preservation Inc?
Fraternity Of Phi Gamma Delta Landmark Preservation Inc is a nonprofit organization dedicated to preserving and maintaining the historic Phi Gamma Delta House in Madison, Wisconsin. This building, designated as a landmark in 1983 and part of the Langdon Street Historic District added to the National Register of Historic Places in 1986, serves as a fraternity house for its members. The organization's operations primarily involve covering costs related to the building's maintenance, ownership, rentals, and rehabilitation. Given the building's historical significance and its unique design by Frank Lloyd Wright, it is essential for the organization to maintain its use as a fraternity house for its members. While the building is open for public viewing and study, it does not generate income through large-scale visitor fees like other popular landmarks.
Is Fraternity Of Phi Gamma Delta Landmark Preservation Inc legitimate?
Fraternity Of Phi Gamma Delta Landmark Preservation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fraternity Of Phi Gamma Delta Landmark Preservation 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Fraternity Of Phi Gamma Delta Landmark Preservation Inc?
The Fraternity Of Phi Gamma Delta Landmark Preservation Inc's mission is centered around preserving a historic landmark building. Specifically, they aim to maintain and rehabilitate a registered historic landmark, often referred to as the Phi Gamma Delta House, to contribute to the preservation and promotion of a historic district. The organization's primary activities involve managing the building, which is rented to members of a fraternity, and ensuring its upkeep through regular maintenance and renovation expenses. The Phi Gamma Delta House was designated as a landmark in 1983 and is an integral part of a historic district added to the National Register of Historic Places in 1986. Due to its unique historical significance and functional design, the building is not suitable for conversion to another use, and its preservation as a fraternity house is considered crucial to the organization's exempt purpose.
Who is the CEO of Fraternity Of Phi Gamma Delta Landmark Preservation Inc?
James Cope is the President And Director of Fraternity Of Phi Gamma Delta Landmark Preservation Inc.
What is the revenue of Fraternity Of Phi Gamma Delta Landmark Preservation Inc?
Fraternity Of Phi Gamma Delta Landmark Preservation Inc's revenue in 2022 was $384,853.
Who are the executives of Fraternity Of Phi Gamma Delta Landmark Preservation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Fraternity Of Phi Gamma Delta Landmark Preservation Inc?
Fraternity Of Phi Gamma Delta Landmark Preservation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fraternity Of Phi Gamma Delta Landmark Preservation Inc
The Fraternity of Phi Gamma Delta Landmark Preservation Inc is committed to preserving and maintaining a historic landmark building, specifically the Phi Gamma Delta House in Madison, Wisconsin. Their mission is twofold: firstly, to contribute to the preservation, continuation, and promotion of the Mansion Hill Historic District by meticulously rehabilitating, preserving, and maintaining the registered landmark, the Phi Gamma Delta House at 16 Langdon Street, Madison, Wisconsin. Secondly, they aim to generate income through renting the property to individual members of a fraternity, who pay rent to the organization.
The organization's dedication to preserving the Phi Gamma Delta House is rooted in its historical significance. Designated a landmark by the City of Madison Landmark Commission in 1983, the building is a vital part of the Langdon Street Historic District, which was added to the National Register of Historic Places in 1986. The interior layout of the house, designed by Frank Lloyd Wright, is uniquely adapted to serve the basic functions of fraternity life. Despite its historical significance, the building does not attract large numbers of paying visitors, making it unfeasible to operate solely as a public attraction.
In light of these considerations, maintaining the building as an operating fraternity house rented to fraternity members is an essential part of the Fraternity of Phi Gamma Delta Landmark Preservation Inc's exempt purpose of preserving the building as a historic landmark. The rental income derived from this purpose is not considered income from an investment, but rather income generated from the organization's commitment to its exempt purpose. The building's long and narrow lot and steep slope towards an adjacent lake make it impossible to convert the property to another use under current zoning ordinances, further reinforcing the importance of the organization's mission.
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Impact
October, 2024
The Fraternity of Phi Gamma Delta Landmark Preservation Inc. plays a crucial role in the preservation and maintenance of the Phi Gamma Delta House in Madison, Wisconsin, a designated historic landmark. This organization ensures that this architectural gem, designed by Frank Lloyd Wright, is not only maintained but also continues to serve its original purpose as a fraternity house. The building has been integral to the Mansion Hill Historic District since its designation and subsequent inclusion in the National Register of Historic Places.
By managing the property and enabling it to operate as a living fraternity house, the organization effectively prevents the structure from falling into disuse and possible demolition. This approach safeguards the building's historical integrity while promoting ongoing engagement in fraternity life. Rental income from members supports the costs associated with its upkeep, ensuring that it remains a valuable educational and social resource.
In addition to maintaining the physical structure, the organization contributes positively to the landscape of historic preservation in Madison. It invites public appreciation and study of a unique piece of architecture that reflects both the historical and cultural significance of its era. Ultimately, the organization’s efforts help to sustain local heritage, enrich community identity, and foster a deeper understanding of architectural history.
This information is meant to be a general summary of Fraternity Of Phi Gamma Delta Landmark Preservation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1
- Program Service Revenue: $334,502
- Gross Receipts: $384,853
Assets and Liabilities:
- Total Assets: $2,143,538
- Total Liabilities: $78,551
- Net Assets: $2,064,987
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$334,502
Organization Details
Founding Year
1984
Phone
(815) 758-5444Principal Officer
James Cope
Main Address
3281 COMMERCE DR B, DEKALB, IL, 60115
NTEE Category
Code: A80 - Arts
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