Gamma Phi Beta Sorority Inc
- Assets
- $148.9k
- Revenue
- $410.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 10/1959
- Data as of
- 07/2022
- EIN
- 39-6081225
Organization Overview
Gamma Phi Beta Sorority Inc is located in Madison, WI. The organization was established in 1959. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. 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 07/2022, Gamma Phi Beta Sorority Inc generated $410.3k 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 (3.4%) each year. All expenses for the organization totaled $399.5k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. 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
TO FULFILL AS AN INDIVIDUAL CHAPTER THE MISSION OF GAMMA PHI BETA SORORITY, INC., WHICH IS TO INSPIRE THE HIGHEST TYPE OF WOMANHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONALLY FOUNDED ON NOVEMBER 11, 1874 IN SYRACUSE, NEW YORK, GAMMA PHI BETA IS A PHILANTHROPIC ORGANIZATION THAT PROMOTES LIFELONG COMMITMENT, INTELLECTUAL AND PERSONAL GROWTH, AND SERVICE TO HUMANITY. GAMMA PHI BETA IS FOCUSED ON DEVELOPING CAMPUS AND COMMUNITY LEADERS WHILE STRENGTHENING OUR BONDS AS SISTERS. OUR SORORITY BUILDS CONFIDENT WOMEN OF CHARACTER WHO CELEBRATE SISTERHOOD AND MAKE A DIFFERENCE IN THE WORLD AROUND US.THE GAMMA CHAPTER OF GAMMA PHI BETA, WAS FOUNDED IN 1885 AT THE UNIVERSITY OF WISCONSIN-MADISON.AS A SOCIAL SORORITY, GAMMA PHI BETA ALSO PARTICIPATES IN EVENTS PLANNED WITH OTHER SORORITIES AND FRATERNITIES ON CAMPUS. SOME OF OUR FAVORITE GREEK-WIDE ACTIVITIES INCLUDE HOMECOMING WEEK, GREEK WEEK, HUMOROLOGY, PARTICIPATION IN OTHER ORGANIZATION'S PHILANTHROPIES, AND OTHER SOCIAL EVENTS.WITH MORE THAN 200 MEMBERS AND OVER 40 LEADERSHIP POSITIONS, GAMMA PHI BETA AFFORDS MEMBERS WITH OPPORTUNITIES TO BUILD UPON THE STRONG FOUNDATIONS OF OUR SORORITY. GAMMA PHI BETA PROVIDES A COMMUNITY TO MAKE LIFE-LONG FRIENDS, AND ENHANCES A MEMBER'S WISCONSIN EXPERIENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taylor Huddle Financial Vice President | OfficerTrustee | 1 | $0 |
Abigail Crinks President | OfficerTrustee | 1 | $0 |
Katie Penn Membership Vice President | OfficerTrustee | 1 | $0 |
Sophia Jamieson Public Relations Vice President | OfficerTrustee | 1 | $0 |
Lucy Speers Panhellenic Affairs Vice President | OfficerTrustee | 1 | $0 |
Emma Fahey Education Vice President | OfficerTrustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $416,222 |
| 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 | -$9,576 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,284 |
| 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 | $0 |
| Fees for services: Accounting | $10 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,937 |
| Advertising and promotion | $0 |
| Office expenses | $30,594 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,173 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,832 |
| Interest | $0 |
| Payments to affiliates | $80,712 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $279 |
| Total functional expenses | $399,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,913 |
| 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 | $0 |
| Total assets | $148,913 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $148,913 |
| 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 | $148,913 |
Grants Awarded
Over the last fiscal year, Gamma Phi Beta Sorority Inc has awarded $45,878 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Centennial, CO PURPOSE: SUPPORT FOR PHILANTHOPY | $17,689 |
Centennial, CO PURPOSE: SUPPORT FOR PHILANTHOPY | $17,689 |
Madison, WI PURPOSE: SUPPORT FOR PHILANTHOPY | $5,250 |
Madison, WI PURPOSE: SUPPORT FOR PHILANTHOPY | $5,250 |
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 |