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Nonprofit · EIN 56-1386079

EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION

Tax-exempt · RALEIGH, NC 27609

Financials

$235K$242K2023$263K$264K2024
Revenue Expenses · by fiscal year end
Financials of EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$262,879$263,888-$1,009$957,117$319,992$637,125
December 31, 2023990$235,418$242,487-$7,069$986,596$348,462$638,134
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$18
Net rental income
$262,861
Other revenue
$262,861

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$7,000
Accounting fees
$2,800
Depreciation
$73,154
Program services (functional)
$122,286
Management and general (functional)
$134,602
Fundraising (functional)
$7,000

Balance sheet and other

Total assets, start of year
$986,596
Total assets, end of year
$957,117
Total liabilities, end of year
$319,992
Net assets, end of year
$637,125
Land, buildings and equipment
$838,975
Net assets without donor restrictions
$637,125
Gross receipts
$389,484
Employees
0
Volunteers
0
Year formed
1851
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
John HughesHouse Maintenance Chair
Officer
2$0
David BattenPresident
Officer
2$0
George T Barnes JrTreasurer
Officer
2$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
George T Barnes JrTreasurer
Officer
2$0
John HughesHouse Maintenance Chair
Officer
2$0
David BattenPresident
Officer
2$0

Address and contacts

Address (IRS master file)
3825 BARRETT DR STE 100, RALEIGH, NC 27609-7221
In care of
% GEORGE T BARNES JR
Principal officer (990 for 2024)
George T Barnes Jr, 3825 Barrett Dr, Suite 100, RALEIGH, NC 27609
Signed the 990
George T, Barnes Jr
Phone
(919) 459-2605

Mission

The corporation rents and maintains a fraternity house for undergraduate members of Epsilon of Phi Gamma Delta Inc.

990 for the year ended December 31, 2024

Program accomplishments

  • The House Corporation maintains the upkeep and maintenance of the fraternity house
    Expenses $122,286
  • The House Corporation provides boarding for members of Phi Gamma Delta. The house can provides housing for over 20 members.0

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-1386079
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1940
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$957,117
Income (IRS master file)
$389,484

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$262,879$263,888$957,117XML
990December 2023$235,418$242,487$986,596XML
990December 2022$220,374$269,562$1,021,871IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1386079).

Questions about EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION

What is the EIN of EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION?
The employer identification number (EIN) of EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION is 56-1386079.
Is EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1940.
Are donations to EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION?
The 990 for the year ended December 31, 2024 names George T Barnes Jr.
Who are the officers and directors of EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does EPSILON OF PHI GAMMA DELTA INC HOUSE CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $262,879, expenses of $263,888 and total assets of $957,117 at year end.

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