Overview
What is Gamma Lambda Of Phi Mu Fraternity House Corporation?
Gamma Lambda Of Phi Mu Fraternity House Corporation is a nonprofit organization situated in Chapel Hill, North Carolina, specifically at 211 Henderson Street. Their primary mission is to provide affordable housing options for members of the Phi Mu Fraternity who attend the University of North Carolina at Chapel Hill. With a small workforce of one dedicated individual, this organization plays an essential role in supporting the fraternity members by offering them housing solutions within their budget.
Is Gamma Lambda Of Phi Mu Fraternity House Corporation legitimate?
Gamma Lambda Of Phi Mu Fraternity House Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. Gamma Lambda Of Phi Mu Fraternity House 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: $42,985
For more financial information, click here
What is the mission statement of Gamma Lambda Of Phi Mu Fraternity House Corporation?
The mission of Gamma Lambda Of Phi Mu Fraternity House Corporation is focused on providing affordable housing options for Phi Mu fraternity members at the University of North Carolina, Chapel Hill. This organization's primary goal is to ensure that the members of this fraternity have access to affordable housing, enhancing their college experience without the burden of excessive housing costs. By offering affordable housing, the corporation aims to support the well-being and academic success of its resident members.
What is the revenue of Gamma Lambda Of Phi Mu Fraternity House Corporation?
Gamma Lambda Of Phi Mu Fraternity House Corporation's revenue in 2024 was $1,004,119.
Who are the executives of Gamma Lambda Of Phi Mu Fraternity House Corporation and what are their salaries?
The average compensation at Gamma Lambda Of Phi Mu Fraternity House Corporation during 2024 was $42,985. There is 1 employee and 7 volunteers at Gamma Lambda Of Phi Mu Fraternity House Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Gamma Lambda Of Phi Mu Fraternity House Corporation?
Gamma Lambda Of Phi Mu Fraternity House Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Gamma Lambda Of Phi Mu Fraternity House Corporation
Gamma Lambda of Phi Mu Fraternity House Corporation is dedicated to providing an affordable housing solution for its Phi Mu Fraternity members at the University of North Carolina in Chapel Hill. This nonprofit organization's mission is centered around ensuring that its members have access to affordable housing, thereby supporting their university life. The corporation's primary activity is to serve as a housing provider, offering a residence that caters specifically to the needs and budgets of Phi Mu Fraternity members at UNC-Chapel Hill.
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Impact
October, 2024
Gamma Lambda of Phi Mu Fraternity House Corporation plays a crucial role in supporting the Phi Mu Fraternity members at the University of North Carolina at Chapel Hill by providing them with affordable housing. This initiative not only alleviates the financial burden often associated with student living but also fosters a sense of community and belonging among fraternity members. The availability of stable and affordable housing allows students to focus on their academic endeavors and engage more fully in campus life and fraternity activities. By promoting a supportive living environment, the organization enhances the overall educational experience for its members, contributing to their personal growth and collegiate success.
This information is meant to be a general summary of Gamma Lambda Of Phi Mu Fraternity House 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: $1,095
- Program Service Revenue: $1,001,538
- Gross Receipts: $1,004,119
Assets and Liabilities:
- Total Assets: $1,020,660
- Total Liabilities: $222,656
- Net Assets: $798,004
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES AND ASSESS
Revenue
$1,001,538
Organization Details
Founding Year
1965
Principal Officer
Jean Service
NTEE Category
Code: B83 - Education
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