Delta Gamma Fraternity Management Corporation
- Assets
- $2.7m
- Revenue
- $912.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-4931616
Organization Overview
Delta Gamma Fraternity Management Corporation is located in Columbus, OH. The organization was established in 2014. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Gamma Fraternity Management Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Delta Gamma Fraternity Management Corporation generated $912.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 23.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND PROVIDE A SUITABLE SOCIAL ENVIRONMENT FOR THE SOLE USE AND BENEFIT OF COLLEGIATE CHAPTER OF DELTA GAMMA FRATERNITY, BY, BUT NOT LIMITED TO, OWNING, EQUIPPING MAINTAINING, AND MANAGING A CHAPTER HOUSE (FACILITY OR ACCOMMODATIONS) FOR PLEASURE, RECREATION, AND OTHER NONPROFITABLE PURPOSES INCLUDING THE SOCIAL GATHERING AND ENRICHMENT OF ITS MEMBERS AND TO THAT END TO ACQUIRE BY GIFT, DEVISE, PURCHASE, OR OTHERWISE REAL AND PERSONAL PROPERTY AND TO SELL, CONVEY, EXCHANGE, LEASE, MORTGAGE, PLEDGE, OR OTHERWISE ENCUMBER SUCH PROPERTY. SUCH PROPERTY TO BE USED AS A MEETING PLACE TO FOSTER HIGH IDEALS OF FRIENDSHIP AMONGST ITS MEMBERS, TO PROMOTE THEIR EDUCATIONAL AND CULTURAL INTERESTS, TO CREATE IN THEM GOOD QUALITIES OF CHARACTER. THE CORPORATION DOES NOT CONTEMPLATE ANY PECUNIARY GAIN OR PROFIT INCIDENTAL OR OTHERWISE TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING RESOURCES FOR INDEPENDENT LOCAL CHAPTERS OF DELTA GAMMA FRATERNITY WHICH DO NOT HAVE A SEPARATE LOCAL HOUSE CORPORATION ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Meyer Kornegay Member-At-Large | Trustee | 1 | $0 |
Dr Army R Ayres Member-At-Large | Trustee | 1 | $0 |
Cassandra Caron Director: Housing Resources | Trustee | 1 | $0 |
Danette Beck Member-At-Large | Trustee | 1 | $0 |
Elizabeth Springer Chairman | OfficerTrustee | 1 | $0 |
Linda Kay Martin Smith Secretary/treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whaley Campbell Design Interior Design | 6/29/20 | $125,936 |
Pdr Interiors Interior Design | 6/29/20 | $117,063 |
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 | $84,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,111 |
| Total Program Service Revenue | $851,836 |
| Investment income | $176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,449 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $912,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,311 |
| 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 | $104,594 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,724 |
| Payroll taxes | $8,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $523 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $465,398 |
| Travel | $1,661 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,892 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,204 |
| Insurance | $157,920 |
| All other expenses | $0 |
| Total functional expenses | $1,055,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,833 |
| Savings and temporary cash investments | $1,304,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,945 |
| 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 | $702,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $637,621 |
| Total assets | $2,675,319 |
| Accounts payable and accrued expenses | $220,714 |
| 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 | $331,012 |
| Total liabilities | $551,726 |
| Net assets without donor restrictions | $2,123,593 |
| 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 | $2,675,319 |