Overview
What is Iota Building Company Of The Sigma Pi Fraternity?
Iota Building Company, affiliated with the Sigma Pi Fraternity, is a nonprofit organization situated in Moraga, California. Its primary mission is to manage and maintain the chapter house for the Iota Chapter of Sigma Pi Fraternity. To accomplish this, the company coordinates building maintenance activities, ensuring the preservation of the organization's assets. A portion of the chapter membership fee receipts is allocated towards paying for necessary expenses such as insurance, taxes, repairs, and maintenance of the facility. The remaining funds serve as a capital reserve for the undergraduate scholarship program. The organization's role is essential in providing a supportive environment for its members and supporting their educational pursuits.
Is Iota Building Company Of The Sigma Pi Fraternity legitimate?
Iota Building Company Of The Sigma Pi Fraternity is a legitimate nonprofit organization registered as a 501(c)(7) entity. Iota Building Company Of The Sigma Pi 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
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What is the mission statement of Iota Building Company Of The Sigma Pi Fraternity?
The mission of Iota Building Company, affiliated with the Sigma Pi Fraternity, is centered around maintaining and operating a chapter house for the Iota chapter of the fraternity. To accomplish this, they coordinate the building's maintenance to preserve the organization's asset base. A portion of the chapter membership fee receipts is utilized for expenses such as insurance, taxes, repair, and maintenance of the facility. The remaining portion contributes to a capital reserve for the undergraduate scholarship program.
Who is the CEO of Iota Building Company Of The Sigma Pi Fraternity?
Brodie Gay is the President of Iota Building Company Of The Sigma Pi Fraternity.
What is the revenue of Iota Building Company Of The Sigma Pi Fraternity?
Iota Building Company Of The Sigma Pi Fraternity's revenue in 2022 was $159,500.
Who are the executives of Iota Building Company Of The Sigma Pi Fraternity and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Iota Building Company Of The Sigma Pi Fraternity?
Iota Building Company Of The Sigma Pi Fraternity's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Iota Building Company Of The Sigma Pi Fraternity
Iota Building Company, an entity affiliated with the Sigma Pi Fraternity's Iota Chapter, is dedicated to maintaining and operating the chapter house. This organization's primary mission is to preserve and manage this facility, ensuring it remains in good condition for the fraternity members. To achieve this, the company utilizes a portion of the chapter membership fees to cover expenses such as insurance, taxes, repairs, and maintenance. Furthermore, a portion of the funds is set aside as a capital reserve for the undergraduate scholarship program. This reserve aims to support the educational pursuits of the fraternity's undergraduate members, contributing to their personal growth and development within the organization.
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Impact
October, 2024
Iota Building Company of the Sigma Pi Fraternity plays a crucial role in sustaining the community and educational environment for its members. By maintaining and operating the chapter house for the Iota Chapter, the organization ensures that members have a safe and conducive space for collaboration, education, and personal growth.
The structured maintenance and conservation efforts coordinated by the company help to protect the physical asset of the fraternity, allowing members to focus on their academic and social endeavors without the distraction of facility concerns. Funding sourced from chapter membership fees supports vital operational costs, including insurance, taxes, repairs, and maintenance, ensuring the chapter house remains functional and welcoming.
Additionally, by allocating a portion of the membership fees to a capital reserve, the organization actively supports the undergraduate scholarship program. This initiative not only incentivizes academic excellence among members but also makes higher education more accessible and affordable for deserving students.
Overall, Iota Building Company significantly enhances the Sigma Pi fraternity's commitment to education and community, fostering an environment that promotes scholarship and brotherhood.
This information is meant to be a general summary of Iota Building Company Of The Sigma Pi 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $159,500
- Gross Receipts: $159,500
Assets and Liabilities:
- Total Assets: $582,170
- Total Liabilities: $347,311
- Net Assets: $234,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$159,500
Organization Details
Phone
(925) 217-7772Principal Officer
Brodie Gay
Main Address
PO Box 6688, MORAGA, CA, 94570
NTEE Category
Code: B83 - Education
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