Overview
What is Nu Of Tau Kappa Epsilon Inc?
Nu of Tau Kappa Epsilon Inc, based in Moraga, California, primarily focuses on maintaining and utilizing real estate as a student housing facility at the University of California, Berkeley. The majority of its residents are members of the Tau Kappa Epsilon fraternity. This nonprofit organization's mission is to provide a suitable living space for students, contributing to their university experience.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%, Two-Star out of Four Star rating)
Nu Of Tau Kappa Epsilon Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 67%. This indicates that while the organization demonstrates some strengths, it has significant areas for improvement, particularly in transparency and accountability practices. The organization boasts a fully independent board, which is a positive aspect, showing strong governance in terms of board member independence and size.
Despite strengths in governance, the nonprofit struggles with transparency, as it has not provided essential financial statements, nor does it have key policies in place such as a conflict of interest policy or a whistleblower policy. Additionally, its website is missing from the tax form it submitted, which raises concerns about accessibility and accountability to the public.
Financially, the organization appears to be managing its resources effectively, evidenced by a high program expense ratio of 98.73%, indicating that the vast majority of its funds are directed towards its programs. However, the overall lack of transparency and missing essential documentation suggests that potential donors and stakeholders should exercise caution when engaging with this nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Nu Of Tau Kappa Epsilon Inc legitimate?
Nu Of Tau Kappa Epsilon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nu Of Tau Kappa Epsilon 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: $0
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What is the mission statement of Nu Of Tau Kappa Epsilon Inc?
Nu of Tau Kappa Epsilon Inc's mission is centered around providing student housing. Specifically, they maintain real estate to serve as a housing facility for students at the University of California, Berkeley. A significant portion of the residents are members of the Tau Kappa Epsilon fraternity. Their purpose is to offer a suitable living environment for these students, contributing to their university experience.
Who is the CEO of Nu Of Tau Kappa Epsilon Inc?
Mark Edelstone is the Director of Nu Of Tau Kappa Epsilon Inc.
What is the revenue of Nu Of Tau Kappa Epsilon Inc?
Nu Of Tau Kappa Epsilon Inc's revenue in 2022 was $543,104.
Who are the executives of Nu Of Tau Kappa Epsilon Inc and what are their salaries?
There 10 volunteers at Nu Of Tau Kappa Epsilon Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Nu Of Tau Kappa Epsilon Inc?
Nu Of Tau Kappa Epsilon Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nu Of Tau Kappa Epsilon Inc
Nu of Tau Kappa Epsilon Inc, as a nonprofit organization, is dedicated to fulfilling a mission that primarily revolves around providing student housing at the University of California, Berkeley. This mission is not limited to a select few but is extended to a majority of the residents, who happen to be members of the Tau Kappa Epsilon fraternity. The organization's primary objective is to maintain real property, transforming it into a suitable and functional student housing facility within the University of California, Berkeley campus. This commitment to student housing not only provides a living space but also contributes to the overall campus community, fostering a sense of belonging and camaraderie among its residents.
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Impact
July, 2024
Nu of Tau Kappa Epsilon Inc's impact is focused on providing student housing at the University of California, Berkeley. By maintaining real property for use as a student housing facility, the organization is directly supporting the residential needs of students, particularly those who are members of the Tau Kappa Epsilon fraternity. This contributes to the overall student experience at the university by offering a safe and conducive living environment for academic and personal growth. With a mission to provide essential housing services, Nu of Tau Kappa Epsilon Inc plays a vital role in supporting students' educational pursuits and campus life.
This information is meant to be a general summary of Nu Of Tau Kappa Epsilon 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: $9,645
- Program Service Revenue: $375,019
- Gross Receipts: $543,104
Assets and Liabilities:
- Total Assets: $1,059,574
- Total Liabilities: $495,285
- Net Assets: $564,289
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$366,607
LATE FEES
Revenue
$5,750
OTHER RENTAL FEES
Revenue
$2,644
LAUNDRY ROOM
Revenue
$18
Organization Details
Founding Year
2003
Phone
(925) 954-0100Principal Officer
Mark Edelstone
Main Address
28 BRANDT DRIVE, MORAGA, CA, 94556
NTEE Category
Code: B90 - Education
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