1899 Properties INC: FY2024 Nonprofit Profile & Form 990 (EIN 46-2219394)

Revenue by fiscal year
FY2020	$24K
FY2021	$25K
FY2022	−$20K
FY2023	$39K
FY2024	$33K
FY2025	$44K

Expenses by fiscal year
FY2020	$0
FY2021	$0
FY2022	$0
FY2023	$0
FY2024	$0
FY2025	$0

Net assets by fiscal year
FY2020	$3K
FY2021	$12K
FY2022	−$24K
FY2023	−$4
FY2024	$17K
FY2025	$46K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Richard Ernest

Director

$0Pt VII · Sec A

Elmer Smith

Director

$0Pt VII · Sec A

Mark Fite

Director

$0Pt VII · Sec A

James Totten

Director

$0Pt VII · Sec A

Brett a Widner

Chief Financial Officer

$0Pt VII · Sec A

See 1899 Properties INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Owns property for a fraternal organization.

Questions for 1899 Properties INC

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1 program · in their own filed words · FY2023

01

1899 properties inc holds title to, makes debt service payments on, and maintains the property used by tau kappa epsilon fraternity, inc.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$33K

Ln 12

Other incomeLn 4–11$33K

Money outPt IX

$0

Ln 25

Owns and owesPt X

$17K

net assets · Ln 32

Cash and savingsLn 1–2$71K

Total assetsLn 16$1.3M

LiabilitiesLn 26$1.3M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Other incomeLn 4–11$33K

Total revenueLn 12$33K

Assets in detailPt X, end of year

CashLn 1$71K

Cash and savings togetherLn 1–2$71K

Land, buildings, equipmentLn 10c$1.2M

Total assetsLn 16$1.3M

LiabilitiesLn 26$1.3M

Net assetsLn 32$17K

OperationsPt I, VI

EmployeesI 50

VolunteersI 62

Fiscal year endsHeaderMay

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$45K	$71K
Land, buildings, equipmentLn 10c	$1.3M	$1.2M
Total assetsLn 16	$1.3M	$1.3M
LiabilitiesLn 26	$1.3M	$1.3M
Net assetsLn 32	−$4	$17K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Total functional expensesLn 25	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$44K	$0	$44K	$46K	990 PDF
FY2024 Viewing	$33K	$0	$33K	$17K	990 PDF
FY2023	$39K	$0	$39K	−$4	990 PDF
FY2022	−$20K	$0	−$20K	−$24K	990 PDF
FY2021	$25K	$0	$25K	$12K	990 PDF
FY2020	$24K	$0	$24K	$3K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $32,958 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $39,492$32,958

I-12 Total revenuePrior year $39,492$32,958

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $0$0

I-18 Total expensesPrior year $0$0

I-19 Revenue less expensesPrior year $39,492$32,958

Part VI · Governance 4 of 4 board members independent, 3 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $32,958 across 2 lines filed

VIII-6 Net rental income or lossRelated to mission $11,544 · Excluded from tax $21,414$32,958

VIII-12 Total revenueRelated to mission $11,544 · Unrelated business $0 · Excluded from tax $21,414$32,958

Part IX · Statement of functional expenses $0 across 0 lines filed

IX-25 Total functional expenses$0

Part X · Balance sheet $1,295,545 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $44,561$71,215

X-9 Prepaid expenses and deferred chargesStart of year $31,806$28,800

X-10c Land, buildings and equipment, netStart of year $1,263,158$1,195,530

X-16 Total assetsStart of year $1,339,525$1,295,545

X-25 Other liabilitiesStart of year $539,183$547,695

X-26 Total liabilitiesStart of year $1,339,529$1,278,197

X-27 Net assets without donor restrictionsStart of year −$4$17,348

X-32 Total net assets or fund balancesStart of year −$4$17,348

X-33 Total liabilities and net assetsStart of year $1,339,525$1,295,545

Part XI · Reconciliation of net assets $17,348 net assets at year end

XI-1 Total revenue$32,958

XI-2 Total expenses$0

XI-3 Revenue less expenses$32,958

XI-4 Net assets at start of year−$4

XI-9 Other changes in net assets−$15,606

XI-10 Net assets at end of year$17,348

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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1899 Properties INC FY2024 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for 1899 Properties INC

By the numbers

Filing history

Schedules filed Part IV