Overview
What is Beta Psi House Corporation?
Beta Psi House Corporation is a nonprofit organization situated in Tucker, Georgia. Its primary mission is to own, maintain, and lease a fraternity house to the Sigma Chi Fraternity chapter at Georgia Tech. The corporation collects rent from the fraternity and utilizes the funds to cover property taxes, liability insurance, and maintenance expenses for the home. This nonprofit entity serves as a vital support system for the fraternity, ensuring a suitable living environment and contributing to the overall well-being of its members.
Is Beta Psi House Corporation legitimate?
Beta Psi House Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. Beta Psi 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: $0
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What is the mission statement of Beta Psi House Corporation?
The Beta Psi House Corporation serves as a non-profit entity, primarily dedicated to owning, maintaining, and leasing a fraternity house to the Sigma Chi Fraternity chapter at an unspecified institution. Its primary function involves collecting rent from the fraternity, utilizing the funds to cover property taxes, liability insurance, and the upkeep of the property, ensuring the home remains in optimal condition.
Who is the CEO of Beta Psi House Corporation?
Jonathan Thomas is the Vice Preside of Beta Psi House Corporation.
What is the revenue of Beta Psi House Corporation?
Beta Psi House Corporation's revenue in 2022 was $167,797.
Who are the executives of Beta Psi House Corporation and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
Where can I find the form 990 for Beta Psi House Corporation?
Beta Psi House Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beta Psi House Corporation
Beta Psi House Corporation, as a non-profit entity, is dedicated to overseeing the ownership, maintenance, and leasing of a fraternity house to the Sigma Chi Fraternity chapter at Georgia Tech. This organization's primary objective is to ensure the proper functioning and upkeep of the property, with the rental income being utilized for covering property taxes, liability insurance, and necessary maintenance expenses. By providing a comfortable living space for the fraternity members, Beta Psi House Corporation contributes to fostering a sense of community and camaraderie among the students at Georgia Tech, thereby promoting a positive and engaging campus environment.
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Impact
October, 2024
Beta Psi House Corporation plays a crucial role in supporting the Sigma Chi fraternity at Georgia Tech by owning, maintaining, and leasing a dedicated fraternity house. This organization ensures that the fraternity has a conducive environment for its activities and fosters community among its members.
Through the collection of rent from the fraternity, the corporation efficiently manages its financial responsibilities, covering essential expenses such as property taxes, liability insurance, and ongoing maintenance of the house. This fiscal management not only secures the longevity of the property but also enhances the living conditions for fraternity members, allowing them to focus on their educational and social pursuits.
By providing a stable and well-maintained place for the Sigma Chi fraternity, the Beta Psi House Corporation contributes significantly to the overall fraternity experience, promoting brotherhood and academic achievement within the Georgia Tech community.
This information is meant to be a general summary of Beta Psi 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 2022.
- Investment Income: $1,897
- Program Service Revenue: $165,900
- Gross Receipts: $173,562
Assets and Liabilities:
- Total Assets: $1,229,624
- Total Liabilities: $0
- Net Assets: $1,229,624
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$165,900
Organization Details
Founding Year
1938
Phone
(770) 313-1858Principal Officer
Jonathan Thomas
Main Address
4426 HUGH HOWELL ROAD STE B138, TUCKER, GA, 30084
NTEE Category
Code: B83 - Education
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