Friars Corp & Fraternity

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

EIN: 840720021 ✦ Arvada, CO ✦ Designated as a 501(c)(7)

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Overview

What is Friars Corp & Fraternity?

Friars Corp & Fraternity is a nonprofit organization situated in Arvada, Colorado. Its primary purpose is to provide its members with affordable housing and social opportunities. This is achieved through the availability of shared dormitories, communal areas, and scheduled events. These facilities and activities encourage fellowship, interaction, and networking among the members, thereby fostering a sense of community within the organization.

Is Friars Corp & Fraternity legitimate?

Friars Corp & Fraternity is a legitimate nonprofit organization registered as a 501(c)(7) entity. Friars Corp & Fraternity 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

For more financial information, click here

What is the mission statement of Friars Corp & Fraternity?

Friars Corp & Fraternity's membership provides its members with various benefits, including affordable housing, fellowship, social interaction, and networking opportunities. These benefits are facilitated through shared dormitories, common areas, and scheduled member events. The organization provides a platform for its members to connect and build relationships, offering a cost-effective solution for room and board. While not explicitly stated, it can be inferred that the mission of Friars Corp & Fraternity is to foster community and professional growth among its members.

Who is the CEO of Friars Corp & Fraternity?

Craig Baker is the Treasurer of Friars Corp & Fraternity.

What is the revenue of Friars Corp & Fraternity?

Friars Corp & Fraternity's revenue in 2022 was $909,717.

Who are the executives of Friars Corp & Fraternity and what are their salaries?

There 4 volunteers at Friars Corp & Fraternity.


Here are 4 key members and their salaries:


Craig Baker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Mccarthy (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Montoya (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Proctor (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Friars Corp & Fraternity?

Friars Corp & Fraternity's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Friars Corp & Fraternity

Friars Corp & Fraternity, a membership organization, provides its members with various advantages, primarily low-cost housing and social interaction. By offering shared dormitories and common areas, members have the opportunity to network, socialize, and engage in fellowship through scheduled events. The organization's mission is to create a supportive environment where individuals can connect, share experiences, and build relationships, all while benefiting from affordable housing solutions.

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Impact




October, 2024

Friars Corp & Fraternity significantly enhances the community by providing its members with affordable living arrangements and fostering a sense of camaraderie and support. This organization creates a thriving environment where individuals can benefit from low-cost room and board, thereby easing financial burdens for students or young professionals.

Through shared dormitory living and common area interactions, members have numerous opportunities for fellowship and networking, building lifelong connections that extend beyond their time together. Regularly scheduled member events further facilitate engagement and collaboration, enriching both personal and professional growth. Located in Arvada, CO, Friars Corp & Fraternity serves as a vital hub for education and community, actively promoting a spirit of cooperation and shared success among its members.




This information is meant to be a general summary of Friars Corp & Fraternity. 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
$909,717 (2022)
Expenses
$730,900 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $259
  • Program Service Revenue: $293,078
  • Gross Receipts: $909,717

Assets and Liabilities:

  • Total Assets: $5,884,482
  • Total Liabilities: $4,967,449
  • Net Assets: $917,033

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Programs

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

KITCHEN SERVICES

Revenue

$135,111

LAUNDRY SERVICES

Revenue

$2,257

RESIDENT INCOME

Revenue

$155,700

OTHER

Revenue

$10

Organization Details

Founding Year

2003

Principal Officer

Craig Baker

Main Address

12191 W 64TH, ARVADA, CO, 80004

NTEE Category

Code: B83 - Education

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