2024-11-13T16:24:31-06:00 2023-12-31 391203191 SVA CERTIFIED PUBLIC ACCTS SC 1221 JOHN Q HAMMONS DRIVE MADISON WI 53717 990 2023-01-01 391476970 FRATERNITY OF PHI GAMMA DELTA LANDMARK PRESERVATION INC FRAT 8157585444 3281 COMMERCE DR B DEKALB IL 60115 JAMIE KRUPP VICE PRESIDENT 8157585444 2024-11-12 1 1 RHETT REUTER P01564706 6088318181 2023 2024-10-15 13:58:12Z JAMES COPE 3281 COMMERCE DR B DEKALB IL 60115 359257 0 X N/A X 1984 WI THE PRESERVATION AND MAINTENANCE OF A HISTORIC LANDMARK BUILDING, NAMELY THE PHI GAMMA DELTA HOUSE IN MADISON, WISCONSIN. 5 5 0 0 0 0 50350 50000 334502 309257 1 0 0 0 384853 359257 0 0 0 0 0 0 0 0 0 228174 290249 228174 290249 156679 69008 2143538 2201550 78551 67555 2064987 2133995 X TO CONTRIBUTE TO THE PRESERVATION, CONTINUATION, AND PROMOTION OF THE MANSION HILL HISTORIC DISTRICT BY REHABILITATING, PRESERVING, AND MAINTAINING A REGISTERED HISTORIC LANDMARK, NAMELY THE PHI GAMMA DELTA HOUSE AT 16 LANGDON STREET, MADISON, WISCONSIN. 0 0 289830 309257 MAINTAINED, PRESERVED, AND REHABILITATED A REGISTERED LANDMARK, NAMELY THE PHI GAMMA DELTA HOUSE IN MADISON, WISCONSIN. EXPENDITURES INCLUDE COSTS OF MAINTENANCE, COSTS OF OWNERSHIP (E.G. INTEREST ON MORTGAGE), COSTS OF PROVIDING THE BUILDING FOR RENT TO TENANTS, AND COSTS OF REHABILITATION AND PRESERVATION. THE HOUSE IS RENTED TO INDIVIDUAL MEMBERS OF A FRATERNITY, WHO EACH PAY RENT TO THE ORGANIZATION. THE HOUSE WAS DESIGNATED AS A LANDMARK BY THE CITY OF MADISON (WISCONSIN) LANDMARK COMMISSION IN 1983, AND IS A PART OF THE LANGDON STREET HISTORIC DISTRICT, WHICH WAS ADDED TO THE NATIONAL REGISTER OF HISTORIC PLACES IN 1986. THE BUILDING WAS DESIGNED AND BUILT TO BE USED AS A FRATERNITY HOUSE. IF THE BUILDING IS NOT USED AS A FRATERNITY HOUSE, IT IS USELESS AND WOULD BE TORN DOWN. THE LOT IS LONG AND NARROW AND SLOPES STEEPLY TO THE LAKE THAT IS ADJACENT TO THE HISTORICAL DISTRICT. BECAUSE OF THE LOT'S DIMENSIONS, THE PROPERTY COULD NOT BE CONVERTED TO ANOTHER USE UNDER CURRENT ZONING ORDINANCES. THE INTERIOR LAYOUT OF THE HOUSE WAS DESIGNED BY FRANK LLOYD WRIGHT TO UNIQUELY SERVE THE BASIC FUNCTIONS OF FRATERNITY LIFE. ALTHOUGH THE BUILDING IS A HISTORIC LANDMARK AND ALWAYS AVAILABLE FOR PUBLIC VIEWING AND STUDY, IT IS NOT THE TYPE OF LANDMARK, LIKE LINCOLN'S HOME IN SPRINGFIELD FOR EXAMPLE, THAT ATTRACTS LARGE NUMBERS OF PAYING VISITORS THAT WOULD MAKE IT FEASIBLE TO OPERATE SOLELY AS A PUBLIC ATTRACTION. AS A RESULT OF THE FOREGOING CONSIDERATIONS, MAINTAINING THE BUILDING AS AN OPERATING FRATERNITY HOUSE RENTED TO FRATERNITY MEMBERS IS AN ESSENTIAL PART OF THE ORGANIZATION'S EXEMPT PURPOSE OF PRESERVING THE BUILDING AS A HISTORIC LANDMARK. RENTAL INCOME IS THEREFORE NOT INCOME FROM AN INVESTMENT, BUT RATHER INCOME DERIVED FROM THE ORGANIZATION'S CONDUCT OF ITS EXEMPT PURPOSE. 289830 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X JAMES COPE 8157585444 142 E CAPITOL DRIVE SUITE 200 HARTLAND WI 53209 X JAMES COPE PRESIDENT AND DIRECTOR 1.00 X X 0 0 0 JAMES KRUPP VICE PRESIDENT AND DIRECTO 0.25 X X 0 0 0 DAVID KECK SECRETARY / TREASURER AND 0.25 X X 0 0 0 RICHARD PEARSON DIRECTOR 0.25 X 0 0 0 CHARLES VAUGHAN DIRECTOR 0.25 X 0 0 0 0 0 0 0 0 0 0 0 50000 50000 RENTAL INCOME 531110 309257 309257 309257 359257 309257 0 0 20055 20055 25 25 394 394 1514 1514 268261 268261 290249 289830 419 0 302184 27615 57800 57800 56699 48635 8544 4460 2023040 0 1678311 2023040 40000 40000 2143538 2201550 33038 33973 45513 33582 78551 67555 X 2064987 2133995 2064987 2133995 2143538 2201550 69008 0 X 0 0 0 X 269714 320906 218128 50350 50000 909098 208669 139086 216248 334502 309257 1207762 478383 459992 434376 384852 359257 2116860 116772 318717 114797 550286 156853 1375 99552 82122 146279 486181 273625 320092 214349 82122 146279 1036467 1080393 10 10 4 1 0 25 10 10 4 1 25 478393 460002 434380 384853 359257 2116885 0.51040 0.54050 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1897400 1897400 125640 125640 2023040 TENANTS' SECURITY DEPOSITS PAYABLE 21225 PREPAID RENT LIABILITY 12357 33582 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHICH ARE THE SAME CLASS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERS OF THE ORGANIZATION. DIRECTORS MAY BE REMOVED FROM THE BOARD BY VOTE OF THE MEMBERS AND THE MEMBERS HAVE THE RIGHTS TO FILL SUCH VACANCY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE DIRECTORS AND REVIEWED FOR COMPLETENESS AND ACCURACY. FORM 990, PART VI, SECTION B, LINE 12C THE HIRING / RETENTION OF VENDORS, INDEPENDENT CONTRACTORS, ETC IS DISCUSSED BY THE DIRECTORS TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 ALL APPLICABLE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.