Phi Gamma Delta Fraternity
- Assets
- $17.5m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 34
- Location
- Lexington, KY
- Founding
- 11/1940
- Data as of
- 06/2024
- 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 06/2024, Phi Gamma Delta Fraternity employed 34 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 06/2024, Phi Gamma Delta Fraternity generated $5.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $7.2m during the year ending 06/2024. While expenses have increased by 5.0% per year over the past 9 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
2024
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 UNDERGRADUATE MEMBERS AND 126,000 GRADUATE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Amend Secretary | OfficerTrustee | 2 | $0 |
Zach Berard Councilor | Trustee | 2 | $0 |
Robert Siedell Councilor | Trustee | 2 | $0 |
James C Neilson Councilor | Trustee | 2 | $0 |
Donald J Herman Treasurer | OfficerTrustee | 2 | $0 |
Tim Kilduff Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $665,844 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $345,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,011,490 |
| Total Program Service Revenue | $4,012,806 |
| Investment income | $347,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $122,150 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$137,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $38,046 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,617,718 |
| 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 | $2,280,494 |
| 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 | $20,231 |
| Office expenses | $132,753 |
| 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 | $96,307 |
| Insurance | $1,828,816 |
| All other expenses | $63,526 |
| Total functional expenses | $7,171,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,742,146 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $401,239 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $225,950 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $194,548 |
| Net Land, buildings, and equipment | $912,063 |
| Investments—publicly traded securities | $10,839,389 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,328 |
| Total assets | $17,488,663 |
| Accounts payable and accrued expenses | $350,659 |
| Grants payable | $0 |
| Deferred revenue | $231,474 |
| 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 | $582,133 |
| Net assets without donor restrictions | $16,389,900 |
| Net assets with donor restrictions | $516,630 |
| 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 | $17,488,663 |