Gamma Phi Beta Sorority Inc
- Assets
- $31.2m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 61
- Location
- Centennial, CO
- Founding
- 02/1959
- Data as of
- 07/2022
- EIN
- 36-2426170
Organization Overview
Gamma Phi Beta Sorority Inc is located in Centennial, CO. The organization was established in 1959. 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 07/2022, Gamma Phi Beta Sorority Inc employed 61 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Gamma Phi Beta 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 07/2022, Gamma Phi Beta Sorority Inc generated $12.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $11.5m during the year ending 07/2022. While expenses have increased by 2.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE BUILD CONFIDENT WOMEN OF CHARACTER WHO CELEBRATE SISTERHOOD AND MAKE A DIFFERENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SORORITY IS A NONPROFIT CORPORATION ORGANIZED FOR EDUCATIONAL, CHARITABLE, AND SOCIAL PURPOSES. THE SORORITY IS ORGANIZED UNDER SECTION 501(C) (7) OF THE INTERNAL REVENUE CODE. ITS MISSION IS TO BUILD CONFIDENT WOMEN OF CHARACTER WHO CELEBRATE SISTERHOOD AND MAKE A DIFFERENCE IN THE WORLD AROUND US. THE SORORITY IS GOVERNED BY AN ELECTED INTERNATIONAL COUNCIL. THE MAJORITY OF THE SORORITY'S SUPPORT AND REVENUE IS DERIVED FROM MEMBERSHIP DUES AND FEES, AS WELL AS FROM MERCHANDISE SOLD TO MEMBERS AND INVESTMENT INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Wick Executive Director | Officer | 22 | $205,496 |
Laurie Meili Chief Financial Officer | Officer | 16 | $158,523 |
Kathryn Cobb Chief Legal Officer | Officer | 30 | $134,607 |
Tara Foristal Chief Marketing Officer | 31 | $115,878 | |
Lynn Lightell Director Of Accounting | 40 | $101,373 | |
Autumn Hansen International President | OfficerTrustee | 8 | $1,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Getsomegreek Merchandising | 7/30/17 | $360,749 |
Rowland Design Interior Design | 7/30/17 | $194,442 |
Amg National Trust Bank Accnting/consulting | 7/30/17 | $119,400 |
Linda Hartman Interior Design | 7/30/17 | $144,948 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $398,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,579 |
| Total Program Service Revenue | $10,899,316 |
| Investment income | $137,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $659,542 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $358,522 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $149,757 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,603,697 |
| 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. | $513,279 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,014,472 |
| Pension plan accruals and contributions | $87,776 |
| Other employee benefits | $565,303 |
| Payroll taxes | $347,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,161 |
| Fees for services: Accounting | $35,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,111 |
| Fees for services: Other | $390,365 |
| Advertising and promotion | $83,642 |
| Office expenses | $417,618 |
| Information technology | $285,319 |
| Royalties | $0 |
| Occupancy | $1,170,848 |
| Travel | $291,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $669,229 |
| Interest | $429,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,024,603 |
| Insurance | $305,694 |
| All other expenses | $159,986 |
| Total functional expenses | $11,471,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,649,242 |
| Savings and temporary cash investments | $720,484 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $553,640 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $659,718 |
| Inventories for sale or use | $13,162 |
| Prepaid expenses and deferred charges | $291,951 |
| Net Land, buildings, and equipment | $17,049,957 |
| Investments—publicly traded securities | $8,907,562 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $364,014 |
| Total assets | $31,209,730 |
| Accounts payable and accrued expenses | $618,510 |
| Grants payable | $0 |
| Deferred revenue | $743,825 |
| 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 | $10,059,302 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $461,024 |
| Total liabilities | $11,882,661 |
| Net assets without donor restrictions | $19,327,069 |
| 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 | $31,209,730 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gamma Phi Beta Sorority Inc has recieved totaling $79,806.
| Awarding Organization | Amount |
|---|---|
Gamma Phi Beta Foundation Centennial, CO PURPOSE: LEADERSHIP | $79,806 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Ski Association Park City, UT | $21,124,453 | $32,052,009 |
Usa Volleyball Colorado Springs, CO | $34,648,570 | $30,318,456 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
United States Ski Team Foundation Park City, UT | $9,262,092 | $17,246,819 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Cherry Hills Country Club Englewood, CO | $65,318,672 | $17,559,884 |
Denver Country Club Denver, CO | $40,162,102 | $13,375,074 |
Columbine Country Club Columbine Valley, CO | $37,675,928 | $14,753,551 |
Happy Hollow Club Omaha, NE | $18,174,683 | $12,125,031 |
Troon Country Club Inc Scottsdale, AZ | $27,079,635 | $13,166,586 |
Gamma Phi Beta Sorority Inc Centennial, CO | $31,209,730 | $12,603,697 |