Gamma Phi Beta Sorority Inc
- Assets
- $7.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 11/1940
- Data as of
- 07/2023
- EIN
- 54-1490170
Organization Overview
Gamma Phi Beta Sorority Inc is located in Newport News, VA. 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 07/2023, Gamma Phi Beta Sorority Inc generated $79.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $86.9k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIP, COMMUNITY SERVICE, PHILANTHROPY AND SOCIAL ACTIVITIES FOR A UNIVERSITY SORORITY OF APPROXIMATELY 100 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bronwyn Beardsley President | 10 | $0 | |
Tracy Johnson Administrative Vice President | 10 | $0 | |
Grace Counselman Financial Vice President | 10 | $0 | |
Grace Young Membership Vice President | 10 | $0 | |
Kyleen Moradi Education Vice President | 10 | $0 | |
Keira Lipinski Panhellenic Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $79,808 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $79,808 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $86,928 |
| Total expenses | $86,928 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,890 |
| Other assets | $0 |
| Total assets | $7,192 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,192 |