2024-03-13T12:07:47-04:00 2023-08-31 455614128 CULPEPPER CPA PLLC PO BOX 32454 KNOXVILLE TN 379302454 990 2022-09-01 455540840 THE TENNESSEE GAMMA CHAPTER OF PI BETA PHI CHAPTER HOUSE CORPORATION TENN 8653100905 1036 NORFOLK PLACE KINGSPORT TN 376605814 KRISTI BENNETT PRESIDENT 4234409924 2024-01-29 true KRISTI BENNETT XXX-XX-XXXX false MICHAEL A THOMAS CPA P01515311 8656918509 2024-01-29 2022 2023-04-26 12:10:37Z KRISTI BENNETT 1036 NORFOLK PL KINGSPORT TN 376605814 454632 false X X 2012 TN TO ACQUIRE, SELL, OCCUPY, ERECT, MAINTAIN, HOLD, OWN AND LEASE SUCH PERSONAL OR REAL PROPERTY AS NECESSARY OR DESIRABLE TO PROVIDE A SAFE ENVIRONMENT TO DEVELOP FRIENDSHIPS AND PROMOTE SOCIAL EDUCATION OF CHAPTER MEMBERS. 3 3 3 0 0 375497 344445 1402 4621 81676 105566 458575 454632 0 0 56458 67172 0 0 366007 435156 422465 502328 36110 -47696 3730765 3612847 2419565 2349343 1311200 1263504 X THE CORPORATION IS A NON-RELIGIOUS, MUTUAL BENEFIT CORPORATION, SETUP EXCLUSIVELY FOR PLEASURE, RECREATION, AND OTHER NON-PROFITABLE PURPOSES AND ACTIVITIES. THE PURPOSE OF THE CORPORATION IS TO PROMOTE LASTING AND ENDURING FRIENDSHIPS AMONG MEMBERS, TO FOSTER HIGH STANDARDS OF INTELLECTUAL ACHIEVEMENT AND ETHICAL BEHAVIOR AMONG MEMBERS, AND TO PROMOTE EDUCATION OF MEMBERS AND CHAPTERS COLLEGE. false false 422445 344443 THE HOUSE CORPORATION PROVIDES SOCIAL NON-PROFITABLE ACTIVITIES TO MEMBERS TO PROMOTE THE EDUCATION AND SOCIAL MILIEU OF THE UNIVERSITY OF TENNESSEE. 422445 false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 3 0 true 3 true false false false false false false false false false false false false false false X 3 3 false false false false true false false true true false false false true true true true true false false false TN X KRISTI BENNETT 8653100905 1036 NORFOLK PL KINGSPORT TN 376605814 X KRISTI BENNETT PRESIDENT 5.00 X X 0 0 0 SUSAN DOMINIC SECRETARY 5.00 X X 0 0 0 SHANNON PRESTON TREASURER 1.00 X X 0 0 0 false false false RENTAL INCOME 900002 344445 344445 344445 4621 4621 FOOD INCOME 722320 105566 105566 105566 454632 454632 61596 61596 5576 5576 12711 12711 112426 112426 72742 72742 119385 119385 2649 2649 FOOD AND CATERING 112655 112655 SUPPLIES 1860 1860 COMPUTER EXPENSES 728 728 502328 422445 79883 0 542025 467845 38474 46924 56175 65095 4106203 1073220 3094091 3032983 3730765 3612847 2419565 2349343 2419565 2349343 X 1311200 1263504 1311200 1263504 3730765 3612847 -47696 X false false 3867789 912117 2955672 180137 161103 19034 58277 58277 3032983 FORM 990 - ORGANIZATION'S MISSION THE CORPORATION IS A NON-RELIGIOUS, MUTUAL BENEFIT CORPORATION, SETUP EXCLUSIVELY FOR PLEASURE, RECREATION, AND OTHER NON-PROFITABLE PURPOSES AND ACTIVITIES. THE PURPOSE OF THE CORPORATION IS TO PROMOTE LASTING AND ENDURING FRIENDSHIPS AMONG MEMBERS, TO FOSTER HIGH STANDARDS OF INTELLECTUAL ACHIEVEMENT AND ETHICAL BEHAVIOR AMONG MEMBERS, AND TO PROMOTE EDUCATION OF MEMBERS AND CHAPTERS COLLEGE. FORM 990 THE TENNESSEE GAMMA CHAPTER OF PI BETA PHI CHAPTER HOUSE CORPORATION IS A 501(C)(7) ORGANIZATION AND THEREFORE IS ONLY REQUIRED TO FILE A FORM 990-T IF THE ORGANIZATION HAS 1,000 OR MORE OF UNRELATED TAXABLE INCOME. UNDER IRC SECTION 512(A)(3)(A), UNRELATED TAXABLE INCOME FOR A 501(C)(7) ORGANIZATION INCLUDES ALL OF THE ORGANIZATION'S GROSS INCOME LESS ALLOWED DEDUCTIONS BUT DOES NOT INCLUDE ANY EXEMPT FUNCTION INCOME. "EXEMPT FUNCTION INCOME" IS DEFINED UNDER IRC SECTION 512(A)(3)(B) AS THE GROSS INCOME FROM DUES, FEES, CHARGES, OR SIMILAR AMOUNTS PAID BY THE ORGANIZATION'S MEMBERS IN EXCHANGE FOR THE ORGANIZATION'S PROVISION OF GOODS, FACILITIES, OR SERVICES TO THE ORGANIZATION'S MEMBERS OR THEIR DEPENDENTS OR GUESTS. THE TENNESSEE GAMMA CHAPTER OF PE BETA PHI CHAPTER HOUSE CORPORATION DERIVES ALL OF ITS GROSS INCOME FROM AMOUNTS CHARGED TO ITS MEMBERS IN EXCHANGE FOR PROVIDING THE MEMBERS WITH FOOD AND LIVING QUARTERS. THEREFORE, ALL OF THE ORGANIZATION'S INCOME FALLS UNDER THE DEFINITION OF EXEMPT FUNCTION INCOME UNDER IRS SEC. 512(A)(3)(B). BECAUSE ALL OF THE ORGANIZATION'S INCOME IS EXEMPT FUNCTION INCOME, IT HAS NO UNRELATED TAXABLE INCOME AND THEREFORE IS NOT REQUIRED TO FILE FORM 990-T. FORM 990, PAGE 6, PART VI, LINE 6 YES FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED WITH THE HEADQUARTERS OFFICE IN THE SPRING AND WITH THE VOTING MEMBERS OF THE LOCAL CHC AT A BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C A DISCUSSION IS HELD ANNUALLY IN THE MEETINGS AND AN ANNUAL CERTICATION IS PERFORMED. FORM 990, PAGE 6, PART VI, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.