Phi Gamma Delta Educational Foundation
- Assets
- $26.3m
- Revenue
- $3.9m
- Investments
- $1.4m
- Employees
- 2
- Location
- Lexington, KY
- Founding
- 06/1953
- Data as of
- 06/2023
- EIN
- 52-6036185
Organization Overview
Phi Gamma Delta Educational Foundation is located in Lexington, KY. The organization was established in 1953. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2023, Phi Gamma Delta Educational Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phi Gamma Delta 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 06/2023, Phi Gamma Delta Educational Foundation generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Phi Gamma Delta Educational Foundation has awarded 94 individual grants totaling $11,221,443. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL SUPPORT AND SERVICES FOR COLLEGE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS AND RELATED EXPENSES
UNDERGRADUATE AND AAA SCHOLARSHIPS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald M Heinrich Director | Trustee | 2 | $0 |
John P O'neill Director | Trustee | 2 | $0 |
Glenn D Moor Chairman | OfficerTrustee | 2 | $0 |
Ronald C Nelson Director | Trustee | 2 | $0 |
Kevin W Haga Finance Committee Chairman | OfficerTrustee | 2 | $0 |
William R Brand Secretary | OfficerTrustee | 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 | $2,923,502 |
| Noncash contributions included in lines 1a–1f | $123,055 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,923,502 |
| Total Program Service Revenue | $0 |
| Investment income | $890,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,497 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,880,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,223,154 |
| Grants and other assistance to domestic individuals. | $564,851 |
| 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 | $288,526 |
| Pension plan accruals and contributions | $21,576 |
| Other employee benefits | $26,952 |
| Payroll taxes | $19,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,274 |
| Fees for services: Other | $134,311 |
| Advertising and promotion | $0 |
| Office expenses | $2,491 |
| Information technology | $38,885 |
| Royalties | $0 |
| Occupancy | $41,172 |
| Travel | $28,563 |
| 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 | $0 |
| Insurance | $11,258 |
| All other expenses | $57,493 |
| Total functional expenses | $2,677,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,425,507 |
| 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 | $21,698 |
| Net Land, buildings, and equipment | $130,000 |
| Investments—publicly traded securities | $23,247,202 |
| Investments—other securities | $1,433,597 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,900 |
| Total assets | $26,268,904 |
| Accounts payable and accrued expenses | $155,772 |
| 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 | $202,697 |
| Total liabilities | $358,469 |
| Net assets without donor restrictions | $9,066,120 |
| Net assets with donor restrictions | $16,844,315 |
| 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 | $26,268,904 |
Grants Awarded
Over the last fiscal year, Phi Gamma Delta Educational Foundation has awarded $1,177,968 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FRATERNITY OF PHI GAMMA DELTA INC PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS. | $528,594 |
FIJI HOUSE CORPORATION OF AKRON PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $8,059 |
UPSILON ALPHA BUILDING CORP INC PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $24,705 |
MU UPSILON ASSOCIATION PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $95,000 |
FOUNDATION FOR FRATERNAL EXCELLENCE PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $50,000 |
TECH FIJIS INC PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $8,750 |