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Nautilus Management Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 833203001 ✦ Memphis, TN ✦ Designated as a 501(c)(7)

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Overview

What is Nautilus Management Inc?

Nautilus Management Inc is a nonprofit organization based in Memphis, Tennessee, with a focus on providing student housing solutions for members of the Kappa Delta Sorority. They achieve this by acquiring, constructing, or managing facilities where sorority members reside, socialize, and engage in recreational activities. Their mission is to foster and maintain sisterhood within the Kappa Delta community, promoting good fellowship and a positive membership experience. Employing a team of nine individuals, Nautilus Management Inc aims to create an environment that supports the sorority's goals and objectives, making their stay enjoyable and enriching.

Is Nautilus Management Inc legitimate?

Nautilus Management Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Nautilus Management 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: $162,761

For more financial information, click here

What is the mission statement of Nautilus Management Inc?

Nautilus Management Inc's mission is centered around supporting Kappa Delta Sorority members by owning, operating, and maintaining student housing facilities. The primary objective is to foster and sustain sisterhood and social interaction within these facilities, thereby enhancing the Sorority's and the organization's mission of promoting good fellowship and a positive membership experience. The company provides services that enable Sorority members to live, socialize, and engage in recreational activities together, thereby advancing the Sorority's objectives.

Who is the CEO of Nautilus Management Inc?

Margaret Waples is the President of Nautilus Management Inc.

What is the revenue of Nautilus Management Inc?

Nautilus Management Inc's revenue in 2022 was $1,787,732.

Who are the executives of Nautilus Management Inc and what are their salaries?

The average compensation at Nautilus Management Inc during 2022 was $18,085. There are 9 employees and 10 volunteers at Nautilus Management Inc.


Here are 6 key members and their salaries:


Susan Stockton (President)
  • Compensation: $0
  • Related: $370
  • Other: $0
Laura Beth Mckew (Vice President/Secretary)
  • Compensation: $0
  • Related: $1,200
  • Other: $0
Sarah Dubbert (Vice President/Treasurer)
  • Compensation: $0
  • Related: $700
  • Other: $0
Margaret Waples (Executive Director)
  • Compensation: $0
  • Related: $135,410
  • Other: $0
Leslie Sweeney (Director Of Finance)
  • Compensation: $0
  • Related: $143,043
  • Other: $10,761
Joelle Shearin (Director Of Finance - Started 6/2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Nautilus Management Inc?

Nautilus Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Nautilus Management Inc

Nautilus Management Inc, in its mission, aims to support and maintain student housing facilities where Kappa Delta Sorority members reside and engage in social and recreational activities. The primary objective is to foster and strengthen sisterhood within the Kappa Delta community, thereby enhancing the overall sorority experience and aligning with the corporation's purpose of promoting good fellowship. Nautilus Management Inc plays a crucial role in providing the necessary infrastructure and services to facilitate social interactions and shared experiences among Kappa Delta Sorority members, ultimately contributing to the advancement of the sorority's mission and objectives.

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Impact




October, 2024

Nautilus Management Inc plays a vital role in fostering community and belonging among Kappa Delta Sorority members by providing dedicated student housing solutions. By owning and operating housing facilities, the organization ensures that members have safe, comfortable, and supportive environments where they can live together, socialize, and engage in recreational activities. This setting not only enhances the sorority experience but also promotes sisterhood, strong friendships, and personal development.

Through meticulous management and strategic planning, Nautilus Management Inc advances the overarching mission of Kappa Delta Sorority, emphasizing values such as fellowship and a positive membership experience. The organization’s commitment to creating spaces that nurture connections and foster social interaction contributes significantly to the overall well-being of its members, empowering them to thrive both academically and personally.

In addition, by developing and maintaining student housing, Nautilus Management Inc supports the sorority's objectives and encourages a vibrant, engaged community. Its efforts extend beyond mere housing solutions; they encapsulate the essence of the sorority's mission to inspire and uplift its members through shared experiences and lasting bonds.




This information is meant to be a general summary of Nautilus Management 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.

Revenue
$1,787,732 (2022)
Expenses
$3,928,989 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$1,093,535
  • Program Service Revenue: $2,776,095
  • Gross Receipts: $7,591,849

Assets and Liabilities:

  • Total Assets: $28,691,459
  • Total Liabilities: $28,453,179
  • Net Assets: $238,280

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBER REVENUE

Revenue

$2,776,095

Organization Details

Founding Year

2018

Principal Officer

Margaret Waples

Main Address

3205 PLAYERS LANE, MEMPHIS, TN, 38125

NTEE Category

Code: B83 - Education

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