Overview
What is The Alumni Corporation?
The Alumni Corporation is a nonprofit organization situated in West Valley City, Utah. Its primary mission is to manage and own real estate, specifically the chapter house for the Utah Alpha Chapter of Phi Delta Theta. The organization provides stability to the fraternity by leasing the property to its members, overseeing financial matters, planning for future housing needs, and mitigating the risks associated with property ownership. Additionally, The Alumni Corporation is responsible for managing, leasing equipment, and furnishing the chapter house, ensuring a comfortable living environment for its members.
Is The Alumni Corporation legitimate?
The Alumni Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Alumni 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.
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What is the mission statement of The Alumni Corporation?
The Alumni Corporation's mission is centered around managing real estate for the members of the Utah Alpha Chapter of Phi Delta Theta. Specifically, they are responsible for overseeing the chapter house, including the management, leasing of equipment and furnishings, to provide a stable living environment for the fraternity members. By leasing the property to members, managing finances, planning for future housing needs, and assuming the risks of property ownership, the Alumni Corporation ensures a secure and well-maintained space for the fraternity.
Who is the CEO of The Alumni Corporation?
M Scott Mietchen is the President of The Alumni Corporation.
What is the revenue of The Alumni Corporation?
The Alumni Corporation's revenue in 2022 was $218,257.
Who are the executives of The Alumni Corporation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for The Alumni Corporation?
The Alumni Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Alumni Corporation
The Alumni Corporation serves a unique role for the Utah Alpha Chapter of Phi Delta Theta. Its mission is centered around owning and managing real estate, specifically catering to the needs of this fraternity chapter. The organization is responsible for overseeing the leasing of the chapter house, ensuring the proper maintenance of equipment and furnishings. By managing the housing for the fraternity, The Alumni Corporation provides stability to the chapter, taking care of financial matters, planning for future housing needs, and shielding the members from the risks associated with property ownership. In essence, The Alumni Corporation plays a crucial role in maintaining the chapter's home and ensuring its continued success.
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Impact
October, 2024
The Alumni Corporation significantly impacts the Utah Alpha Chapter of Phi Delta Theta by providing essential housing solutions and operational stability for its members. By owning and managing real estate tailored for the chapter, it ensures that the fraternity has a secure and well-maintained environment for its activities. This stability is crucial, as it allows members to focus on their educational pursuits and fraternity obligations without the added stress of unpredictable housing issues.
In addition to managing the physical property, The Alumni Corporation takes on the responsibility of financial management, which includes budgeting for maintenance and future housing needs. This strategic planning safeguards the fraternity against the risks associated with property ownership, enabling a more sustainable approach to their living situation. Moreover, by managing leasing, equipment, and furnishings, it enhances the overall living experience for members, fostering a supportive community that encourages collaboration and growth.
Overall, The Alumni Corporation plays a vital role in enriching the lives of its members by providing a stable, well-managed environment that supports both their educational and social endeavors.
This information is meant to be a general summary of The Alumni 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: $9
- Program Service Revenue: $84,998
- Gross Receipts: $218,257
Assets and Liabilities:
- Total Assets: $289,882
- Total Liabilities: $14,814
- Net Assets: $275,068
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENT, DEPOSITS, FEES
Revenue
$84,998
Organization Details
Founding Year
1988
Phone
(801) 556-5695Principal Officer
M Scott Mietchen
Main Address
4635 W CONDIE PARK CIRCLE, WEST VALLEY CITY, UT, 84120
NTEE Category
Code: B84 - Education
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