Phi Gamma Delta Fraternity
- Assets
- $16.9m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Lexington, KY
- Founding
- 11/1940
- Data as of
- 06/2022
- EIN
- 53-0125862
Organization Overview
Phi Gamma Delta Fraternity is located in Lexington, KY. The organization was established in 1940. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Phi Gamma Delta Fraternity employed 26 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Phi Gamma Delta Fraternity 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 Fraternity generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $5.3m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIAL, INTELLECTUAL AND MORAL DEVELOPMENT OF COLLEGE MEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF THE FRATERNITY AND EDUCATION,LEADERSHIP AND CITIZENSHIP ACTIVITIES FOR MEMBERS ENROLLED IN VARIOUS COLLEGES. APPROXIMATELY 4,100 PLEDGES; 7,600 UDERGRADUATE MEMBERS AND 126,000 GRADUATE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Caudill Executive Director | Officer | 40 | $186,320 |
Donald J Herman Treasurer | OfficerTrustee | 2 | $0 |
Nicholas A Loiacono President | OfficerTrustee | 2 | $0 |
William S Hunnicutt Jr Vice President | OfficerTrustee | 2 | $0 |
Charles Gabe Secretary | OfficerTrustee | 2 | $0 |
James Neilson Councilor | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $439,249 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $374,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $813,339 |
| Total Program Service Revenue | $4,524,044 |
| Investment income | $250,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $137,033 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,252 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$10,152 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,950,769 |
| 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 | $1,570,402 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,900 |
| Office expenses | $146,390 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,540 |
| Insurance | $1,641,941 |
| All other expenses | $55,888 |
| Total functional expenses | $5,335,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,956,194 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $863,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,343 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,050 |
| Net Land, buildings, and equipment | $1,028,976 |
| Investments—publicly traded securities | $11,985,594 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,891,307 |
| Accounts payable and accrued expenses | $195,467 |
| Grants payable | $0 |
| Deferred revenue | $229,491 |
| 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 | $0 |
| Total liabilities | $424,958 |
| Net assets without donor restrictions | $16,026,373 |
| Net assets with donor restrictions | $439,976 |
| 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 | $16,891,307 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Phi Gamma Delta Fraternity has recieved totaling $433,704.
| Awarding Organization | Amount |
|---|---|
Phi Gamma Delta Educational Foundation Lexington, KY PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS. | $423,704 |
Rlh Foundation Naples, FL PURPOSE: OPERATING FUNDS | $10,000 |
Endowment Analysis
| Beg. Balance | $7,485,059 |
| Earnings | -$927,795 |
| Other Expense | $227,533 |
| Ending Balance | $6,329,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Delta Zeta National Housing Corporation Oxford, OH | $87,996,446 | $22,719,151 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Delta Zeta Nat'l Housing Co (group Return) Oxford, OH | $23,862,160 | $20,580,612 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |