Phi Gamma Delta Corp
- Assets
- $539.3k
- Revenue
- $71.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 11/1940
- Data as of
- 06/2022
- EIN
- 51-0164540
Organization Overview
Phi Gamma Delta Corp is located in Lexington, KY. 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. Phi Gamma Delta Corp is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Phi Gamma Delta Corp generated $71.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $194.0k during the year ending 06/2022. 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
FORMED TO BE A SERVICE AND SUPPORT GROUP TO PROVIDE STUDENT HOUSING FOR YOUNG MEN CURRENTLY ENROLLED AT THE UNIVERSITY OF KENTUCKY UNDER THE UMBRELLA OF THE INTERNATIONAL FRATERNITY OF PHI GAMMA DELTA, A 501(C)7 CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORMED TO BE A SERVICE AND SUPPORT GROUP TO PROVIDE STUDENT HOUSING FOR YOUNG MEN CURRENTLY ENROLLED AT THE UNIVERSITY OF KENTUCKY UNDER THE UMBRELLA OF THE INTERNATIONAL FRATERNITY OF PHI GAMMA DELTA, A 501(C)7 CORPORATION. ACTIVITIES INCLUDE SECURING THE SERVICES (UTILITIES, ETC.) NECESSARY FOR THE HOUSING, PAYING THE DEBT SERVICE ON THE PROPERTY, REPAIRING WHAT CAN BE REPAIRED IN-HOUSE, HIRING OUTSIDE CONTRACTORS TO CARRY OUT MAJOR REPAIRS AND GENERALLY OVERSEEING THE OPERATION OF THE HOUSE. THE HOUSE CORPORATION IS NOT A MEMBERSHIP ORGANIZATION, HAS NO DUES, PRODUCES NO PUBLICATIONS, OR OTHER PRINTED MATERIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph L Paul Secretary/director | OfficerTrustee | 2 | $0 |
James E Mccullum Treasurer | OfficerTrustee | 2 | $0 |
Drew A Brown President/director | OfficerTrustee | 2 | $0 |
Joe Richardson Director | Trustee | 2 | $0 |
Harry Dadds Director | Trustee | 2 | $0 |
Danny Darby Director | Trustee | 2 | $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 | $485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $485 |
| Total Program Service Revenue | $70,428 |
| Investment income | $195 |
| 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 | $71,108 |
| 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 | $5,056 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $600 |
| Advertising and promotion | $6,100 |
| Office expenses | $0 |
| 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 | $1,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,355 |
| Insurance | $5,956 |
| All other expenses | $120,516 |
| Total functional expenses | $193,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,596 |
| Savings and temporary cash investments | $41,362 |
| 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 | $410,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $539,283 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $15,853 |
| 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 | $79,515 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $95,368 |
| 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 | $443,915 |
| Total liabilities and net assets/fund balances | $539,283 |
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