Civic Intelligence

Fraternity Managers Association of the University of Rhode Island

990 • Fiscal year 2020 • EIN 05-0309374

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 15, 2021

34 Lower College Rd Univ Of RIKingston, RI 02881

(401) 874-2557

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.01x

Higher debt load relative to assets than 41% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

41st percentile

0.02x

Higher debt load relative to revenue than 41% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

67th percentile

$51,669

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

1st percentile

-65%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

80th percentile

31%

Faster revenue growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$575,975

Down $1,050,204 (-65%) from 2019

Net Assets

Up

$567,436

Up $234,979 (+71%) from 2019

Liabilities

Down

$8,539

Down $1,285,183 (-99%) from 2019

Revenue

Up

$370,684

Up $86,785 (+31%) from 2019

Expenses

Down

$247,225

Down $76,294 (-24%) from 2019

Net Income

Up

$123,459

Up $163,079 (+412%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $266,930Liabilities 2010: $91,874Net Assets 2010: $175,0562010Assets 2011: $830,613Liabilities 2011: $656,961Net Assets 2011: $173,6522011Assets 2012: $963,767Liabilities 2012: $818,807Net Assets 2012: $144,9602012Assets 2013: $1,033,729Liabilities 2013: $1,000,464Net Assets 2013: $33,2652013Assets 2014: $1,048,394Liabilities 2014: $1,023,350Net Assets 2014: $25,0442014Assets 2015: $1,142,462Liabilities 2015: $1,055,438Net Assets 2015: $87,0242015Assets 2016: $1,353,981Liabilities 2016: $1,137,298Net Assets 2016: $216,6832016Assets 2017: $1,494,330Liabilities 2017: $1,171,531Net Assets 2017: $322,7992017Assets 2018: $1,508,961Liabilities 2018: $1,140,388Net Assets 2018: $368,5732018Assets 2019: $1,626,179Liabilities 2019: $1,293,722Net Assets 2019: $332,4572019Assets 2020: $575,975Liabilities 2020: $8,539Net Assets 2020: $567,4362020Assets 2021: $682,445Liabilities 2021: $55,496Net Assets 2021: $626,9492021Assets 2022: $633,214Liabilities 2022: $0Net Assets 2022: $633,2142022Assets 2024: $1,005,758Liabilities 2024: $6,948Net Assets 2024: $998,8102024

Highlighted filing

2020

Assets$575,975
Liabilities$8,539
Net Assets$567,436

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $193,137Expenses 2010: $188,738Net Income 2010: $4,3992010Expenses 2011: $195,2772011Expenses 2012: $206,2312012Revenue 2013: $215,364Expenses 2013: $207,059Net Income 2013: $8,3052013Revenue 2014: $219,084Expenses 2014: $227,305Net Income 2014: -$8,2212014Revenue 2015: $274,494Expenses 2015: $212,514Net Income 2015: $61,9802015Revenue 2016: $371,982Expenses 2016: $271,567Net Income 2016: $100,4152016Revenue 2017: $366,354Expenses 2017: $274,896Net Income 2017: $91,4582017Revenue 2018: $348,261Expenses 2018: $308,772Net Income 2018: $39,4892018Revenue 2019: $283,899Expenses 2019: $323,519Net Income 2019: -$39,6202019Revenue 2020: $370,684Expenses 2020: $247,225Net Income 2020: $123,4592020Revenue 2021: $305,787Expenses 2021: $284,020Net Income 2021: $21,7672021Revenue 2022: $395,691Expenses 2022: $289,217Net Income 2022: $106,4742022Revenue 2024: $529,596Expenses 2024: $392,943Net Income 2024: $136,6532024

Highlighted filing

2020

Revenue$370,684
Expenses$247,225
Net Income$123,459
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 15, 2021
Return Version
2019v5.0
Gross Receipts
$370,684
Mission and Program Overview

Mission

Management of funds and business activities, each member house has been able to procure goods and services at the lowest prevailing cost or fee. A bidding process is used for bulk purchasing. Collection of housing costs from students is also done.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$346,179$420,956▲ $74,777
Investments in Publicly Traded Securities$80,166$148,455▲ $68,289
Prepaid Expenses and Deferred Charges$3,750$3,750→ $0
Land, Buildings, and Equipment, Net$5,628$2,814▼ $2,814
Total Assets$435,723$575,975▲ $140,252
Liabilities
Other Liabilities-$8,348-
Accounts Payable and Accrued Expenses$4,626$191▼ $4,435
Total Liabilities$4,626$8,539▲ $3,913
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$386,348$522,687▲ $136,339
Net Assets With Donor Restrictions$44,749$44,749→ $0
Total Net Assets Fund Balance$431,097$567,436▲ $136,339
Total Liabilities and Net Assets / Fund Balance$435,723$575,975▲ $140,252
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Aurora PierangeloInterim DireFT$51,669$51,669
Janet PawlinaSecretaryFT$40,989$40,989

Board Members and Trustees

NameTitle
Melissa Boyd-colvinChairman
Dan BeaudetteVice Chairma
Andrew MorrisDirector
Kim StackDirector
Miriam BowersDirector
Scott TsagarakisEx. Director Eme
Steve SimoAsst. Dean O
Joe LefebvreIfc Presiden
Celine OrabiPanhellenic
Tyler LavalleyTreasurer
Sam HuntVice Preside
Amy ThomasVP Membershi
Shannon AugerVP of Operat
Ireland WilliamsVP Recruitme
Revenue and Support

Revenue Composition

Contributions and Grants
$60,000
Program Service Revenue
$265,675
Investment Income
$4,357
Other Revenue
$40,652
All Other Contributions
$60,000
Change in Net Assets
$123,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$207,870
Other Expenses$39,355
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$74,126$18,532-$92,658
Other Salaries and Wages$44,664$11,166-$55,830
Other Employee Benefits$30,736$7,684-$38,420
Payroll Taxes$9,838$2,460-$12,298
Pension Plan Contributions$6,931$1,733-$8,664
Insurance$3,637$909-$4,546
All Other Expenses$3,001$1,388-$4,389
Conferences and Meetings$2,818$705-$3,523
Depreciation Depletion$1,407$1,407-$2,814
Fees for Services Accounting$2,196$549-$2,745
Office Expenses$2,040$510-$2,550
Other Expenses$1,135$284-$1,419
Total Functional Expenses$197,877$49,348$0$247,225
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$8,348
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Reviewed by executive director.

Form 990, Page 6, Part VI, Line 19

Documents not made available to the public unless requested.

Filing and Contact Details

Filer

Filer Name
Fraternity Managers Association
EIN
05-0309374
Phone
4018742557
Address
34 LOWER COLLEGE RD UNIV OF RI, KINGSTON, RI 02881

Signing Officer

Name
Janet Pawlina
Title
Secretary
Phone
4018742557
Signed
2021-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Pawlina
Formed
1982
Legal Domicile
Ri
Voting Board Members
13
Independent Board Members
13
Employees
10

Preparer

Firm
Dittmar Mcneil & Varone Cpas Inc
Address
501 CENTERVILLE RD 103, WARWICK, RI 02886
Preparer
Randolph K Dittmar CPA
Phone
4019212600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Management of funds and business activities, each member house has been able to procure goods and services at the lowest prevailing cost or fee. A bidding process is used for bulk purchasing. Collection of housing costs from students is also done.

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IRS990/OtherExpensesGrp/TotalAmt17265
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IRS990/OtherExpensesGrp/TotalAmt31419
IRS990/OtherLiabilitiesGrp/EOYAmt08348
IRS990/OtherRevenueMiscGrp/Desc0PAYROLL PROT. FORGIVENESS
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011166
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt044664
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IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02460
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IRS990/PayrollTaxesGrp/TotalAmt012298
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01733
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06931
IRS990/PensionPlanContributionsGrp/TotalAmt08664
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IRS990/PYContributionsGrantsAmt0485
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IRS990/PYInvestmentIncomeAmt05770
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0346179
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0420956
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0485
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt034000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt040000
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0265675
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0310483
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01502789
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01743859
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF FUNDS AND BUSINESS ACTIVITIES, EACH MEMBER HOUSE HAS BEEN ABLE TO PROCURE GOODS AND SERVICES AT THE LOWEST PREVAILING COST OR FEE. A BIDDING PROCESS IS USED FOR BULK PURCHASING. COLLECTION OF HOUSING COSTS FROM STUDENTS IS ALSO DONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED BY EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS NOT MADE AVAILABLE TO THE PUBLIC UNLESS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt04626
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0431097
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IRS990/TotalProgramServiceExpensesAmt0197877
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IRS990/TotalReportableCompFromOrgAmt092658
IRS990/TotalRevenueGrp/ExclusionAmt044900
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0265784
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt045 MEADOWLAND DRIVE

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.01$0.01$1.00$0.53$0.39$0.14
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.40$0.29$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.68$0.06$0.63$0.31$0.28$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.01$0.57$0.37$0.25$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.63$1.29$0.33$0.28$0.32$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.51$1.14$0.37$0.35$0.31$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.49$1.17$0.32$0.37$0.27$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.35$1.14$0.22$0.37$0.27$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.14$1.06$0.09$0.27$0.21$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.05$1.02$0.03$0.22$0.23$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$1.00$0.03$0.22$0.21$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.82$0.14$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.66$0.17$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.09$0.18$0.19$0.19$0.00