Overview
What is Tau Sigma Alumni Assoc Of Beta Theta Pi?
Tau Sigma Alumni Assoc of Beta Theta Pi is a nonprofit organization situated in Ames, Iowa. Their primary role involves holding title to a chapter house that is leased to a different organization, specifically the Tau Sigma Chapter of Beta Theta Pi, a social fraternity affiliated with Iowa State University. The nonprofit is responsible for providing maintenance, improvements, insurance, and paying property taxes on the chapter house, acting as a lessor in the process. This arrangement enables the Beta Theta Pi fraternity to have a place to call home while Tau Sigma Alumni Assoc of Beta Theta Pi manages the property-related responsibilities.
Is Tau Sigma Alumni Assoc Of Beta Theta Pi legitimate?
Tau Sigma Alumni Assoc Of Beta Theta Pi is a legitimate nonprofit organization registered as a 501(c)(2) entity. Tau Sigma Alumni Assoc Of Beta Theta Pi 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: $18,475
For more financial information, click here
What is the mission statement of Tau Sigma Alumni Assoc Of Beta Theta Pi?
Tau Sigma Alumni Assoc of Beta Theta Pi does not have a traditional mission statement as a property holding organization. However, its primary role can be summarized as follows: The organization holds the title to a chapter house, which is leased to the Tau Sigma Chapter of Beta Theta Pi, a social fraternity affiliated with Iowa State University. The organization is responsible for providing maintenance, making improvements, securing insurance, and paying property taxes on the house, acting as a lessor. This arrangement allows the Tau Sigma Chapter to utilize the chapter house for their activities.
Who is the CEO of Tau Sigma Alumni Assoc Of Beta Theta Pi?
Matthew Stockman is the President of Tau Sigma Alumni Assoc Of Beta Theta Pi.
What is the revenue of Tau Sigma Alumni Assoc Of Beta Theta Pi?
Tau Sigma Alumni Assoc Of Beta Theta Pi's revenue in 2020 was $305,811.
Who are the executives of Tau Sigma Alumni Assoc Of Beta Theta Pi and what are their salaries?
The average compensation at Tau Sigma Alumni Assoc Of Beta Theta Pi during 2020 was $18,475. There is 1 employee and 95 volunteers at Tau Sigma Alumni Assoc Of Beta Theta Pi.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tau Sigma Alumni Assoc Of Beta Theta Pi?
Tau Sigma Alumni Assoc Of Beta Theta Pi's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Tau Sigma Alumni Assoc Of Beta Theta Pi
Tau Sigma Alumni Assoc of Beta Theta Pi serves as the lessor of a chapter house that is leased to the Tau Sigma Chapter of Beta Theta Pi, a social fraternity associated with Iowa State University. In this capacity, the organization is responsible for providing maintenance, improvements, insurance, and paying property taxes on the house. The role of Tau Sigma Alumni Assoc of Beta Theta Pi is crucial in ensuring the upkeep and proper functioning of the chapter house, thereby supporting the activities of the Tau Sigma Chapter of Beta Theta Pi.
In essence, Tau Sigma Alumni Assoc of Beta Theta Pi acts as a landlord for the Tau Sigma Chapter of Beta Theta Pi, providing essential services to maintain the chapter house. By doing so, the organization is contributing to the overall functioning and success of the fraternity, providing a space for its members to engage in their activities and foster a sense of community. The role of Tau Sigma Alumni Assoc of Beta Theta Pi in this context is a testament to its commitment to supporting the fraternity and its members, ensuring a conducive environment for their activities and growth.
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Impact
October, 2024
Tau Sigma Alumni Association of Beta Theta Pi makes a significant impact by facilitating a supportive and nurturing environment for the Tau Sigma Chapter at Iowa State University. By holding title to the chapter house, the organization ensures that the fraternity has a dedicated space that fosters brotherhood and social engagement. The leasing of the house also allows the fraternity to focus on its educational and personal development initiatives without the burden of property management.
The association actively maintains the chapter house, which includes conducting necessary improvements and addressing maintenance issues, thus creating a safe and welcoming living space for members. Moreover, by covering insurance and property taxes, the association alleviates financial pressures on the fraternity, enabling it to allocate resources toward programming that enhances the educational and personal growth of its members. This contribution to the fraternity's infrastructure ultimately supports the broader mission of promoting leadership, scholarship, and community involvement among its members, benefiting both the university and the local community in Ames, Iowa.
This information is meant to be a general summary of Tau Sigma Alumni Assoc Of Beta Theta Pi. 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 2020.
- Investment Income: $20
- Program Service Revenue: $134,931
- Gross Receipts: $305,811
Assets and Liabilities:
- Total Assets: $2,148,554
- Total Liabilities: $765,000
- Net Assets: $1,383,554
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM & PARKING SPACE R
Revenue
$134,931
Organization Details
Founding Year
1961
Phone
(515) 232-3042Principal Officer
Matthew Stockman
Main Address
PO BOX 323, AMES, IA, 500100323
NTEE Category
Code: B83 - Education
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