Gamma Phi Beta Sorority Inc
- Assets
- $1.8m
- Revenue
- $421.1k
- Investments
- $47.9k
- Employees
- 2
- Location
- Deforest, WI
- Founding
- 11/1940
- Data as of
- 07/2021
- EIN
- 39-0297610
Organization Overview
Gamma Phi Beta Sorority Inc is located in Deforest, WI. The organization was established in 1940. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 07/2021, Gamma Phi Beta Sorority Inc employed 2 individuals. This organization is a subordinate organization within 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 07/2021, Gamma Phi Beta Sorority Inc generated $421.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $346.0k during the year ending 07/2021. 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
HOLD TITLE TO REAL ESTATE FOR SORORITY WHICH PROVIDES HOUSING TO MEMBERS OF THE GAMMA PHI BETA SORORITY AT UNIVERSITY OF WISCONSIN-MADISON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GAMMA PHI BETA HOUSE ASSOCIATION HOLDS TITLE TO REAL ESTATE USED BY THE GAMMA CHAPTER OF THE GAMMA PHI BETA SORORITY AT THE UNIVERSITY OF WISCONSIN-MADISON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Fenster Treasurer | OfficerTrustee | 1 | $6,000 |
Jill Wilkins President | OfficerTrustee | 1 | $0 |
Lisa Caughlin Secretary | OfficerTrustee | 1 | $0 |
Lucy Mccluskey Director | Trustee | 1 | $0 |
Karla Stoebig Director | Trustee | 1 | $0 |
Emma Rappaport Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,911 |
| 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 | $421,149 |
| Statement of Expenses | |
|---|---|
| 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. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,046 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,000 |
| Payroll taxes | $3,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,501 |
| Fees for services: Accounting | $4,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,171 |
| Advertising and promotion | $0 |
| Office expenses | $47,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,875 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,154 |
| Insurance | $7,276 |
| All other expenses | $0 |
| Total functional expenses | $346,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $751,811 |
| Savings and temporary cash investments | $190,957 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,138 |
| 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 |
| Investments—publicly traded securities | $144,168 |
| Investments—other securities | $47,941 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,797,280 |
| Accounts payable and accrued expenses | $14,281 |
| Grants payable | $3,545 |
| Deferred revenue | $224,105 |
| 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 | $32,000 |
| Total liabilities | $273,931 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,523,349 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Kappa Alpha Sorority Inc Chicago, IL | $52,441,632 | $51,516,125 |
Alpha Kappa Alpha Sorority Inc Chicago, IL | $69,493,289 | $32,008,594 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |
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 International Fraternity Inc Chicago, IL | $358,828 | $1,806,685 |
Alpha Phi International Fraternity Chicago, IL | $334,026 | $1,671,045 |
Alpha Phi International Fraternity Chicago, IL | $611,846 | $1,460,195 |
Delta Kappa Epsilon Fraternity Ann Arbor, MI | $1,260,781 | $1,399,945 |