Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 2 | The organization did not exist in the previous year so all activities are new |
| Form 990, Part VI, Section A, Line 3 | The organization's wholly owned disregarded affiliate, 222 Langdon, LLC, has entered into a property management agreement with BMOC, Inc. to assist with bookkeeping and maintenance issues. |
| Form 990, Part VI, Section A, Line 4 | Since the organization was created in 2021, all of its governance documents (Articles of Incorporation and By-Laws) were created in 2021, and there was no prior Form 990 filed. |
| Form 990, Part VI, Section A, Line 6 | The organization is made up of members, and membership is open to any alumnus of the Wisconsin chapter of Acacia Fraternity. However, only the Board of Directors elects other directors, and only the Board of Directors makes decisions for the organization. |
| Form 990, Part VI, Section B, Line 10b | The Board of Directors has decided to allow the local lodges to decide how and when they will hold social events for alumni. These informal social events do not require any kind of written policies or procedures. |
| Form 990, Part VI, Section B, Line 11b | This Form 990 ha been prepared by key board members (Treasurer, Judge Advocate (legal), President, and a director who is an accountant) after a review of financial statements provided by BMOC, Inc. |
| Form 990, Part VI, Section C, Line 19 | The Articles of Organization are available from the Wisconsin Department of Financial Services. The By-Laws are available upon request. Financial statements are available upon request as well. There is no conflict of interest policy. |
| Form 990, Part XI, Line 9 | The organization purchased all of the membership interests of 222 Langdon, LLC in February of 2021, which in turn owned the house in which the active members of the Wisconsin chapter of Acacia Fraternity live. The organization thus acquired the assets of 222 Langdon, LLC consisting of land valued at $477,273, a building valued at $2,263,867, and other (furnishings) valued at $22,720. In addition, during the summer of 2021, the organization invested $138,910 in renovations for the fraternity house. All of this resulted in the change in net assets shown in Part XI, Line 9. |
| Software ID: | 21013178 |
| Software Version: | v1.00 |