Gamma Phi Beta Sorority Inc
- Assets
- $2.9m
- Revenue
- $601.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Lincoln, NE
- Founding
- 11/1940
- Data as of
- 07/2021
- EIN
- 47-0169610
Organization Overview
Gamma Phi Beta Sorority Inc is located in Lincoln, NE. 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. 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 $601.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $607.8k during the year ending 07/2021. While expenses have increased by 8.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ON-CAMPUS HOUSING FOR MEMBERS OF THE GAMMA PHI BETA SORORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ROOM AND BOARD TO APPROXIMATELY 180 STUDENT MEMBERS AT THE UNIVERSITY OF NEBRASKA-LINCOLN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracie Diehl Board Member | Trustee | 20 | $29,283 |
Crystal Kutilek Vice Preside | OfficerTrustee | 5 | $0 |
Kara Brostrom President | OfficerTrustee | 10 | $0 |
Sarah Swim Secretary | OfficerTrustee | 5 | $0 |
Emily Gross Treasurer | OfficerTrustee | 10 | $0 |
Kim Cuda Board Member | Trustee | 5 | $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 | $13,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,167 |
| Total Program Service Revenue | $576,580 |
| Investment income | $8,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $601,651 |
| 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. | $29,283 |
| 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 | $3,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46 |
| Fees for services: Accounting | $20,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,387 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $0 |
| Office expenses | $2,476 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,211 |
| 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 | $205,332 |
| Insurance | $8,798 |
| All other expenses | $3,390 |
| Total functional expenses | $607,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,276 |
| Savings and temporary cash investments | $656,131 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,261 |
| 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 | $3,228 |
| Net Land, buildings, and equipment | $1,883,398 |
| Investments—publicly traded securities | $289,768 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11 |
| Other assets | $0 |
| Total assets | $2,936,073 |
| Accounts payable and accrued expenses | $48,180 |
| 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 | $51,068 |
| Total liabilities | $99,248 |
| Net assets without donor restrictions | $2,834,344 |
| Net assets with donor restrictions | $2,481 |
| 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 | $2,936,073 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Epsilon Sigma Alpha International Council Council Fort Collins, CO | $3,554,317 | $5,361,378 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Alumni Association University Of Nebraska Lincoln, NE | $18,158,198 | $3,537,579 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |
Alpha Omega Alpha Honor Medical Society Aurora, CO | $27,406,157 | $2,965,525 |
Alpha Phi Omega National Service Fraternity Kansas City, MO | $10,346,073 | $1,755,361 |
Beta Theta Pi Fraternity Columbia, MO | $104,874 | $1,401,653 |
Beta Gamma Sigma Inc Saint Louis, MO | $4,230,139 | $2,194,158 |
Pi Beta Phi Fraternity Town Country, MO | $567,051 | $1,543,595 |
Farm House Fraternity Inc Kansas City, MO | $1,277,925 | $1,565,559 |
Pi Beta Phi Fraternity Town Country, MO | $791,164 | $1,622,264 |