Alpha Gamma Rho Fraternity
- Assets
- $3.0m
- Revenue
- $192.9k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 03/1941
- Data as of
- 12/2021
- EIN
- 27-4414316
Organization Overview
Alpha Gamma Rho Fraternity is located in St Paul, MN. The organization was established in 1941. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Alpha Gamma Rho Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Alpha Gamma Rho Fraternity generated $192.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $262.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THIS ORGANIZATION PROVIDES HOUSING FOR THE LAMBDA CHAPTER OF ALPHA GAMMA RHO FRATERNITY AT THE UNIVERSITY OF MINNESOTA, TWIN CITY CAMPUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING FACILITIES FOR FRATERNITY MEMBERS.
FOUNDERS DAY - AN ANNUAL EVENT WHERE CURRENT MEMBERS MEET ALUMNI.
TO PROVIDE FUNDING TO THE COLLEGIATE CHAPTER TO PAY THE HOUSE DIRECTOR POSITION.
TO PROVIDE HOUSING FACILITIES FOR FRATERNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Clark Treasurer | OfficerTrustee | $0 | |
Stuart V Immer Secretary | OfficerTrustee | $0 | |
Warren Winkelman Director | OfficerTrustee | $0 | |
Keith E Wolf Director | OfficerTrustee | $0 | |
Dylan Barth Director | Trustee | $0 | |
Todd A Christopherson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $56,113 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,948 |
| Total Program Service Revenue | $130,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,992 |
| Fees for services: Accounting | $1,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,139 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,958 |
| Insurance | $12,933 |
| All other expenses | $0 |
| Total functional expenses | $262,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,575 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,664,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $299,876 |
| Total assets | $3,040,518 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $704,106 |
| Total liabilities | $704,106 |
| Net assets without donor restrictions | $2,336,412 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,040,518 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alpha Gamma Rho Fraternity has recieved totaling $92,956.
| Awarding Organization | Amount |
|---|---|
Alpha Gamma Rho Lambda Chapter Educational Foundation St Paul, MN PURPOSE: BUILDING OPERATIONS | $84,772 |
Alpha Gamma Rho Lambda Chapter Educational Foundation St Paul, MN PURPOSE: NEW CONSTRUCTION | $8,184 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
Minnesota State University Moorhead Foundation Inc Moorhead, MN | $54,713,743 | $22,543,778 |
University Of Minnesota Alumni Association Minneapolis, MN | $34,396,499 | $3,938,876 |
Iowa State University Alumni Association Ames, IA | $19,372,302 | $3,613,244 |
University Of Northern Iowa Alumni Association Cedar Falls, IA | $0 | $679,804 |
Alumni Association Of The University Of South Dakota Vermillion, SD | $0 | $7,549 |
South Dakota State University Alumni Association Brookings, SD | $649,499 | $1,131,261 |
Enderlin Alumni Association Enderlin, ND | $258,358 | $750,192 |
South Dakota School Of Mines And Technology Alumni Association Rapid City, SD | $0 | $0 |
Alpha Gamma Rho Fraternity Iowa Falls, IA | $5,035,965 | $411,884 |
Mayo Medical Alumni Association Rochester, MN | $2,120,592 | $773,730 |