Gamma Rho Lambda Sorority
- Assets
- $21.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 11/2017
- Data as of
- 07/2022
- EIN
- 20-0228075
Organization Overview
Gamma Rho Lambda Sorority is located in Cedar Rapids, IA. The organization was established in 2017. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Gamma Rho Lambda Sorority is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2022, Gamma Rho Lambda Sorority generated $36.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $24.7k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (18.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
GAMA RHO LAMBDA IS AN ALL INCLUSIVE SOCIAL SORORITY EXEMPLIFYING THE QUALITIES OF TOLERANCE, DIVERSITY, UNITY, AND TRUST, WHICH PROVIDES A NETWORK OF ASSISTANCE IN THE AREAS OF SCHOLASTIC GUIDANCE, EMOTIONAL SUPPORT, AND COMMUNITY SERVICE WHILE ULTIMATELY DEVELOPING LIFELONG FAMILY BONDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Violet Benn President | 10 | $0 | |
Braden Butka VP Of Programming | 6 | $0 | |
Dax Fisher-Garibay VP Of Collegians | 10 | $0 | |
Jacqueline Spradley VP Of Finance | 6 | $0 | |
Sarah Jeter VP Of Alum | 6 | $0 | |
Ellen Khau VP Of It | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $33,875 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,875 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $125 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,557 |
| Total expenses | $24,682 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,354 |
| Other assets | $0 |
| Total assets | $21,324 |
| Total liabilities | $4,805 |
| Net assets or fund balances | $16,519 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |
Alumni Association University Of Nebraska Lincoln, NE | $18,158,198 | $3,537,579 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |
Alpha Phi International Fraternity Chicago, IL | $317,269 | $2,685,882 |
Omega Enterprises Inc Eba Green Bay, WI | $419,566 | $1,989,091 |
Alpha Phi International Fraternity Inc Chicago, IL | $367,493 | $1,661,589 |
Alpha Phi Omega National Service Fraternity Kansas City, MO | $10,346,073 | $1,755,361 |
Alpha Phi International Fraternity Inc Chicago, IL | $358,828 | $1,806,685 |