Alpha Gamma Rho Lambda Chapter Educational Foundation
- Assets
- $984.9k
- Revenue
- $110.9k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 41-1382138
Organization Overview
Alpha Gamma Rho Lambda Chapter Educational Foundation is located in St Paul, MN. The organization was established in 1980. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Gamma Rho Lambda Chapter Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Alpha Gamma Rho Lambda Chapter Educational Foundation generated $110.9k 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 (15.8%) each year. All expenses for the organization totaled $135.3k during the year ending 12/2021. 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
PROVIDING SUPPORT FOR ALPHA GAMMA RHO - LAMBDA FRATERNITY AT THE UNIVERSITY OF MINNESOTA, TWIN CITY CAMPUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO GRANT SCHOLARSHIPS TO STUDENTS WHO ARE MEMBERS OF ALPHA GAMMA RHO TO ASSIST THEM IN ACHIEVING THEIR EDUCATIONAL GOALS. IN 2016, SCHOLARSHIPS WERE AWARDED TO 43 STUDENT MEMBERS.
TO GRANT AWARDS TO STUDENT MEMBERS OF ALPHA GAMMA RHO IN RECOGNITION OF LEADERSHIP. IN 2018, LEADERSHIP AWARDS WERE GRANTED TO 16 STUDENTS.
TO GRANT FUNDING FOR THE CONSTRUCTION OF STUDENT HOUSING FOR STUDENT MEMBERS OF ALPHA GAMMA RHO COLLEGIATE CHAPTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Dahms Secretary | OfficerTrustee | $0 | |
Mark D Vaupel President | OfficerTrustee | $0 | |
Keith E Wolf Treasurer | OfficerTrustee | $0 | |
Dylan Barth Director | Trustee | $0 | |
Mark Behrends Director | Trustee | $0 | |
Andrew D Clausen Director | Trustee | $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 | $37,929 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,929 |
| Total Program Service Revenue | $0 |
| Investment income | $27,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,938 |
| Grants and other assistance to domestic individuals. | $22,203 |
| 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 | $1,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $46,627 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,620 |
| Office expenses | $2,664 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $485 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $135,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,064 |
| 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 | $85,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $881,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $984,915 |
| Accounts payable and accrued expenses | $3,000 |
| 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 | $2,150 |
| Total liabilities | $5,150 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $979,765 |
| Total liabilities and net assets/fund balances | $984,915 |
Grants Awarded
Over the last fiscal year, Alpha Gamma Rho Lambda Chapter Educational Foundation has awarded $92,956 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: BUILDING OPERATIONS | $84,772 |
St Paul, MN PURPOSE: NEW CONSTRUCTION | $8,184 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alpha Gamma Rho Lambda Chapter Educational Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL OPERATIONS | | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |