LEVERE BUILDING CORPORATION OF EVANSVILLE

EIN: 800043595

NEWBURGH, IN

Total Revenue
$213,616
Total Expenses
$173,186
Total Assets
$1,019,224
Net Assets
$1,019,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
IN
Principal Officer
Rick Shipley
Phone
8124546511
Tax Period
2025-01-01 to 2025-12-31

LEVERE BUILDING CORPORATION OF EVANSVILLE, founded in 1997, is a small nonprofit that reported $214K in total revenue in fiscal year 2025. The organization ran a surplus of $40K, a strong 19% operating margin.

Mission

THIS CORPORATION IS FORMED FOR LITERARY AND BENEVOLENT PURPOSES AND IN ORDER TO HOLD THE REAL ESTATE AND OTHER PROPERTY OF THE INDIANA EPSILON CHAPTER OF SIGMA ALPHA EPSILON FRATERNITY LOCATED AT THE UNIVERSITY OF EVANSVILLE EVANSVILLE INDIANA SO THAT SAID CHAPTER MAY BE BETTER ENABLED TO TRANSACT THE BUSINESS AND FINANCIAL AFFAIRS OF SAID CHAPTER TO FURTHER ADVANCE THE RELIGIOUS MORAL LITERARY EDUCATION OF ITS MEMBERSHIP AND FOR PURPOSES OTHERWISE ALLOWED BY INDIANA LAW.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $75
Program Service Revenue $213,541
Investment Income $0
Other Revenue $0
TOTAL REVENUE $213,616

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $173,186
Other Expenses $173,186
TOTAL EXPENSES $173,186

Year-over-Year Comparison

2025 2024 Change
Revenue $213,616 $212,619 +0.0%
Expenses $173,186 $162,535 +0.1%
Net Income $40,430 $50,084 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Shipley President 14.00
Officer
$0 $0 $0
Craig Miller Vice President 2.00
Officer
$0 $0 $0
Larry Whiteside Treasurer 4.00
Officer
$0 $0 $0
Bob Bennett Director 2.00
Director
$0 $0 $0
Bill Franklin Director 2.00
Director
$0 $0 $0
Chuck Fisher Secretary 2.00
Officer
$0 $0 $0
Brent Caldemeyer Director 2.00
Director
$0 $0 $0
Travis Cochran Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $213,616 $173,186 $1,019,224 $40,430
2024 $212,619 $162,535 $978,794 $50,084
2023 $155,733 $145,304 $947,646 $10,429
2022 $158,858 $156,922 $1,008,763 $1,936
2021 $166,981 $156,569 $1,075,541 $10,412
2020 $146,545 $154,420 $1,156,029 $-7,875
2019 $203,339 $152,294 $1,227,267 $51,045
2018 $231,505 $153,570 $1,241,775 $77,935
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