Alpha Gamma Rho Fraternity
- Assets
- $5.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Kansas City, MO
- Founding
- 03/1941
- Data as of
- 06/2022
- EIN
- 37-0152080
Organization Overview
Alpha Gamma Rho Fraternity is located in Kansas City, MO. The organization was established in 1941. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is a parent organization of 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 06/2022, Alpha Gamma Rho Fraternity generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 6.4% 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
ADVISORY SERVICES ON CHAPTER MANAGEMENT, FINANCE AND MEMBER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AID TO CHAPTERS THROUGH LOANS; CONSULTATION AND INSTRUCTION FOR THE CHAPTERS & ITS MEMBERS THROUGH VISITS IN WHICH THEIR CURRENT OPERATIONAL STRENGTHS & AREAS NEEDING IMPROVEMENTS ARE ASSESSED. PROVIDE GUIDANCE, INSIGHTS & RESOURCES TO PROMOTE GREATER OPERATIONAL EFFECTIVENESS. PROVIDE EDUCATION TO MEMBERS ON FRATERNITY POLICIES, PROCEDURES & PROTOCOLS.
MAINTAIN FRATERNAL FINANCIAL & MEMBERSHIP RECORDS, CHAPTER SPECIFIC HISTORICAL FILES, DATABASE MANAGEMENT & RECORD UPDATES. COLLECT INITIATION FEES FOR 820 NEW MEMBERS, DUES SEMI-ANNUALLY FOR 2,523 UNDERGRADUATE MEMBERS AND CONTRIBUTIONS TO SUPPORT THE ACTIVITIES OF THE MEMBERS.
PUBLISHED BI-ANNUAL SICKLE & SHEAF MAGAZINE FOR 51,000 UNDERGRADUATE & ALUMNI MEMBERS, MONTHLY E-NEWSLETTERS FOR CHAPTERS & RELEVANT COMMUNICATIONS FOR ALL MEMBERS.
OTHER PROGRAM SERVICES: HELD LEADERSHIP SEMINARS AND A BIENNIAL CONVENTION WHICH PROMOTES FRATERNAL GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Martin Chief Execut | Officer | 40 | $221,740 |
Carol Ann Johnson Chief Develo | 40 | $146,840 | |
Grant Bargefrede Asst Secreta | Officer | 40 | $72,190 |
Gary Clark Financial Vi | Trustee | 2 | $0 |
Doug Griffin Grand Presid | Trustee | 2 | $0 |
Jay Vroom Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $357,634 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,634 |
| Total Program Service Revenue | $1,371,383 |
| Investment income | $126,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $28,108 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,434 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,125 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,935,536 |
| 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 | $1,021,435 |
| Pension plan accruals and contributions | $43,891 |
| Other employee benefits | $2,028 |
| Payroll taxes | $76,894 |
| Fees for services: Management | $2,402 |
| Fees for services: Legal | $6,945 |
| Fees for services: Accounting | $14,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,184 |
| Advertising and promotion | $17,207 |
| Office expenses | $142,069 |
| Information technology | $28,420 |
| Royalties | $0 |
| Occupancy | $54,745 |
| Travel | $217,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106,599 |
| Interest | $8,651 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,106 |
| Insurance | $486,024 |
| All other expenses | $0 |
| Total functional expenses | $2,336,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,721 |
| Savings and temporary cash investments | $68,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $257,119 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,699 |
| Prepaid expenses and deferred charges | $177,323 |
| Net Land, buildings, and equipment | $11,123 |
| Investments—publicly traded securities | $4,383,593 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,125 |
| Other assets | $283,916 |
| Total assets | $5,273,875 |
| Accounts payable and accrued expenses | $169,440 |
| Grants payable | $0 |
| Deferred revenue | $301,390 |
| 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 | $150,000 |
| Other liabilities | $771,456 |
| Total liabilities | $1,392,286 |
| Net assets without donor restrictions | $3,881,589 |
| 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 | $5,273,875 |
Endowment Analysis
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