TAU CHAPTER BUILDING CORP: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: TAU CHAPTER BUILDING CORP (EIN 56-0961385)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2014-02-25
IRS object ID: 201420569349300912
Schema version: 2012v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-02-25T14:26:36-06:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MINOR ANGLIN & ASSOCIATES PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	3608 SHANNON RD SUITE 105	AddressLine1
City	DURHAM	City
State	NC	State
ZIP Code	27707	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	560961385	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	TAU CHAPTER BUILDING CORPORATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	TAUC	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 4633	AddressLine1
City	CHAPEL HILL	City
State	NC	State
ZIP Code	27515	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JIM WILCOX	Name
Title	PRESIDENT	Title
Date Signed	2014-02-11	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DAN E MINOR- CPA	Name
Phone	9194932603	Phone
Date Prepared	2014-02-25	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JIM WILCOX	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 4633	AddressLine1
City	CHAPEL HILL	City
State	NC	State
ZIP Code	27515	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	302115	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2001	YearFormation
State Legal Domicile	NC	StateLegalDomicile
Activity Or Mission Description	OPERATING THE HOUSE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	18	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	18	NbrIndependentVotingMembers
Total Nbr Employees	2	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	296359	ProgramServiceRevenuePriorYear
Program Service Revenue CY	302115	ProgramServiceRevenueCY
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	296359	TotalRevenuePriorYear
Total Revenue Current Year	302115	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	27668	SalariesEtcPriorYear
Salaries Etc Current Year	27287	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	272822	OtherExpensePriorYear
Other Expenses Current Year	267112	OtherExpensesCurrentYear
Total Expenses Prior Year	300490	TotalExpensesPriorYear
Total Expenses Current Year	294399	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-4131	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	7716	RevenuesLessExpensesCY
Total Assets BOY	882384	TotalAssetsBOY
Total Assets EOY	853933	TotalAssetsEOY
Total Liabilities BOY	620401	TotalLiabilitiesBOY
Total Liabilities EOY	584234	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	261983	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	269699	NetAssetsOrFundBalancesEOY
Mission Description	OPERATING THE HOUSE.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	286288	Expense
Revenue	302115	Revenue
Description	ORGANIZATION OWNS AND OPERATES THE FRATERNITY HOUSE. EXTENSIVE REMODELING WAS PERFORMED IN A PRIOR YEAR.	Description
Total Program Service Expense	286288	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	5	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	2	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	18	NbrVotingGoverningBodyMembers
Number Independent Voting Members	18	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	GILCHRIST ASSOCIATES	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	9199297070	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 4633	AddressLine1
City	CHAPEL HILL	City
State	NC	State
ZIP Code	27515	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (4 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
DANIEL ELLER
VICE PRES	4.00	X	X	0	0	0
WILDER HARVARD
SECRETARY	3.00	X	X	0	0	0
DOUG ELLINGTON
TREASURER	3.00	X	X	0	0	0
JIM WILCOX
PRESIDENT	5.00	X	X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	RENTAL INCOME- FALL	Description
Total Revenue Column	302115	TotalRevenueColumn
Related Or Exempt Function Income	302115	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	302115	TotalProgramServiceRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	302115	TotalRevenueColumn
Related Or Exempt Function Income	302115	RelatedOrExemptFunctionIncome

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	23762	Total
Program Services	23762	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	3525	Total
Program Services	3525	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	8111	Total
Management And General	8111	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	2736	Total
Program Services	2736	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	583	Total
Program Services	583	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	36074	Total
Program Services	36074	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	32809	Total
Program Services	32809	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	12162	Total
Program Services	12162	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	28243	Total
Program Services	28243	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	3227	Total
Program Services	3227	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
FOOD SERVICE	51138	51138
SOCIAL	32700	32700
REPAIRS AND MAINTENANCE	27732	27732
TAXES- PROPERTY	17413	17413

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	14184	Total
Program Services	14184	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	294399	Total
Program Services	286288	ProgramServices
Management And General	8111	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	684	BOY
EOY	475	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1124700	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	271242	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	881700	BOY
EOY	853458	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	882384	BOY
EOY	853933	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1645	BOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	618756	BOY
EOY	582621	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
EOY	1613	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	620401	BOY
EOY	584234	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	261983	BOY
EOY	269699	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	261983	BOY
EOY	269699	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	882384	BOY
EOY	853933	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	7716	ReconcilationRevenueExpenses
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	50000	OtherCostOrOtherBasis
Book Value	50000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1070767	OtherCostOrOtherBasis
Depreciation	268836	Depreciation
Book Value	801931	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3933	OtherCostOrOtherBasis
Depreciation	2406	Depreciation
Book Value	1527	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	853458	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	PAYROLL LIABILITIES	Description
Amount	$1,613	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	1613	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	COPIES OF THE ORGANIZATIONS GOVERNING DOCUMENTS CAN BE REQUESTED BY CONTACTING THE ORGANIZATION AT THE FOLLOWING ADDRESS: TAU CHAPTER BUILDING CORPORATION, INC. PO BOX 4633 CHAPEL HILL, NC 27515

TAU CHAPTER BUILDING CORP: Form 990, tax year 2012

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (4 entries)

Program Service Revenue ProgramServiceRevenue

Total Revenue TotalRevenue

Other Salaries And Wages OtherSalariesAndWages

Payroll Taxes PayrollTaxes

Fees For Services Accounting FeesForServicesAccounting

Fees For Services Other FeesForServicesOther

Office Expenses OfficeExpenses

Occupancy Occupancy

Interest Interest

Payments To Affiliates PaymentsToAffiliates

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (4 entries)

All Other Expenses AllOtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Other Liabilities OtherLiabilities

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule D IRS990ScheduleD

Land Land

Buildings Buildings

Other Land Buildings OtherLandBuildings

Other Liabilities OtherLiabilities

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (2 entries)

Comments