Sigma Gamma Rho Sorority Inc
- Assets
- $5.8m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Cary, NC
- Founding
- 01/1982
- Data as of
- 06/2023
- EIN
- 35-6020472
Organization Overview
Sigma Gamma Rho Sorority Inc is located in Cary, NC. The organization was established in 1982. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Sigma Gamma Rho Sorority Inc employed 27 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sigma Gamma Rho Sorority Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Sigma Gamma Rho Sorority Inc generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $14.7m during the year ending 06/2023. While expenses have increased by 29.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SIGMA GAMMA RHO SORORITY, INC. IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE SERVICE, SCHOLASTIC ACHIEVEMENT, AND SISTERHOOD THROUGHOUT THE UNITED STATES AND INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PROGRAM FUNCTION OF THE ORGANIZATION IS THE SERVICE OF THE MEMBERS SORORS. THE SORORITY WORKS TO PROVIDE THE SORORS WITH OPPORTUNIIES FOR LEADERSHIP, COMMUNITY SERVICE, LEARNING, AND THE DEVELOPMENT OF SISTERHOOD. THE SORORITY ORGANIZES AND DELIVERS REGIONAL AND NATIONAL CONFERENCES THAT PROMOTE THE STRENGTH AND GENERAL WELL-BEING OF THE MEMBERSHIP AS WELL AS PROVIDING ACTIVITIES THAT FULFILL THEIR COMMUNITY SERVICE GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rasheeda S Liberty President | OfficerTrustee | 20 | $0 |
Marica Harris 1st Vice President | OfficerTrustee | 20 | $0 |
Samaria Robinson 2nd Vice President | OfficerTrustee | 20 | $0 |
Sharron Barnes Financial Secretary | OfficerTrustee | 20 | $0 |
Dr Khaliliah Shabazz Recording Secretary | OfficerTrustee | 20 | $0 |
Danette Samilton Treasurer | OfficerTrustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Adinkra Group Consulting | 6/29/23 | $742,788 |
Icm Partners Consulting | 6/29/23 | $175,000 |
Riley Safer Holmes And Cancila Legal | 6/29/23 | $464,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,617,074 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,555,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,172,172 |
| Total Program Service Revenue | $4,064,086 |
| 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 | $13,810,784 |
| 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. | $1,468,621 |
| Compensation of current officers, directors, key employees. | $734,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $135,764 |
| Payroll taxes | $108,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $672,413 |
| Fees for services: Accounting | $19,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,858 |
| Advertising and promotion | $81,822 |
| Office expenses | $251,319 |
| Information technology | $309,303 |
| Royalties | $0 |
| Occupancy | $665,307 |
| Travel | $82,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,185,055 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,000 |
| Insurance | $408,089 |
| All other expenses | $995,801 |
| Total functional expenses | $14,676,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,458,213 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $342,922 |
| Total assets | $5,801,135 |
| Accounts payable and accrued expenses | $164,958 |
| Grants payable | $0 |
| Deferred revenue | $3,657,980 |
| 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 | $1,172,302 |
| Total liabilities | $4,995,240 |
| Net assets without donor restrictions | $805,895 |
| 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 | $5,801,135 |