Gamma Phi Beta Foundation
- Assets
- $14.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Centennial, CO
- Founding
- 02/2002
- Data as of
- 07/2022
- EIN
- 75-6026984
Organization Overview
Gamma Phi Beta Foundation is located in Centennial, CO. The organization was established in 2002. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gamma Phi Beta 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 07/2022, Gamma Phi Beta Foundation generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.0m during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gamma Phi Beta Foundation has awarded 56 individual grants totaling $7,823,573. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE SISTERS HELPING SISTERS FINANCIALLY SUSTAIN AND ADVANCE THE MISSION OF GAMMA PHI BETA. THROUGH SUCCESSFUL FUNDRAISING AND STEWARDSHIP, WE SUPPORT GAMMA PHI BETA AND HER MEMBERS WHO HAVE SCHOLARSHIP, LEADERSHIP, PHILANTHROPIC AND EMERGENCY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPY - THE GAMMA PHI BETA FOUNDATION SUPPORTS THE FUNDRAISING EFFORTS OF THE SORORITY'S COLLEGIATE AND ALUMNAE CHAPTERS, WHICH GIVE TO THE SORORITY'S PHILANTHROPIC FOCUS, BUILDING STRONG GIRLS. THE FOUNDATION GRANTS FUND DONATIONS TO THE SORORITY'S NATIONAL NONPROFIT PARTNER AND LOCAL NONPROFIT ORGANIZATIONS THAT ALIGN WITH THE SORORITY'S PHILANTHROPIC FOCUS AND MISSION TO PROVIDE EXPERIENCES AND RESOURCES THAT BUILD SPIRITUAL, MENTAL, AND SOCIAL RESILIENCY IN GIRLS.
LEADERSHIP DEVELOPMENT-THE GAMMA PHI BETA FOUNDATION IS BUILDING TOMORROW'S LEADERS BY MAKING GRANTS FOR EDUCATIONAL AND LEADERSHIP TRAINING TO BUILD SELF-ESTEEM, CONFIDENCE, AND LIFE SKILLS IN WOMEN. THE FOUNDATION ALSO MAKES GRANTS TO COLLEGIATE CHAPTERS AND HOUSE CORPORATIONS TO SUPPORT THE EDUCATIONAL PORTION OF CHAPTER HOUSING.
FINANCIAL AID - BASED ON SCHOLASTIC ACHIEVEMENT, FINANCIAL NEED, AND COMMITMENT TO THE COMMUNITY AND THE SORORITY, THE GAMMA PHI BETA FOUNDATION PROVIDES SCHOLARSHIPS TO YOUNG WOMEN FOR UNDERGRADUATE STUDY, FELLOWSHIPS FOR GRADUATE STUDY, AND LOYALTY GRANTS FOR WOMEN WHO ARE EXPERIENCING UNFORESEEN, EXTREME FINANCIAL CHALLENGES CREATED BY A HEALTH CRISIS, NATURAL DISASTER, OR OTHER UNEXPECTED LIFE CIRCUMSTANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbie Chadwick Board Chair | OfficerTrustee | 5 | $0 |
Kathy George Vice Chair | OfficerTrustee | 5 | $0 |
Megan Wick Executive Director | Officer | 18 | $0 |
Laurie Meili Chief Financial Officer | Officer | 16 | $0 |
Kathryn Cobb Chief Legal Officer | Officer | 10 | $0 |
Autumn Hansen International President | 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 | $2,276,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,276,551 |
| Total Program Service Revenue | $0 |
| Investment income | $264,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $573,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,154,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $944,685 |
| Grants and other assistance to domestic individuals. | $202,281 |
| 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 | $452,288 |
| Pension plan accruals and contributions | $7,934 |
| Other employee benefits | $41,422 |
| Payroll taxes | $35,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,904 |
| Fees for services: Accounting | $18,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,179 |
| Fees for services: Other | $79,167 |
| Advertising and promotion | $5,599 |
| Office expenses | $14,434 |
| Information technology | $43,256 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,418 |
| 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 | $7,107 |
| Insurance | $22,449 |
| All other expenses | $18,646 |
| Total functional expenses | $2,035,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,170 |
| Savings and temporary cash investments | $1,380,411 |
| Pledges and grants receivable | $311,627 |
| Accounts receivable, net | $5,357 |
| 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 | $8,201 |
| Net Land, buildings, and equipment | $376 |
| Investments—publicly traded securities | $12,517,038 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,516 |
| Total assets | $14,737,696 |
| Accounts payable and accrued expenses | $1,044,768 |
| 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 | $130,516 |
| Total liabilities | $1,175,284 |
| Net assets without donor restrictions | $829,138 |
| Net assets with donor restrictions | $12,733,274 |
| 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 | $14,737,696 |
Grants Awarded
Over the last fiscal year, Gamma Phi Beta Foundation has awarded $899,844 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: PHILANTHROPY | $773,205 |
BETA PSI AFFILIATED HOUSE CORPORATION PURPOSE: LEADERSHIP | $58,000 |
North Hollywood, CA PURPOSE: PHILANTHROPY | $26,486 |
ALPHA DELTA AFFILIATED HOUSE CORPORATION PURPOSE: LEADERSHIP | $20,447 |
Norman, OK PURPOSE: PHILANTHROPY | $8,100 |
San Luis Obispo, CA PURPOSE: PHILANTHROPY | $6,909 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Gamma Phi Beta Foundation has recieved totaling $17,457.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,834 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Cyril F & Marie E Oneil Foundation New York, NY PURPOSE: GENERAL PURPOSES | $2,000 |
D Kent And Linda C Anderson Foundation Houston, TX PURPOSE: GENERAL | $1,875 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,148 |
Boerstler Foundation Inc Oklahoma City, OK PURPOSE: SCHOLARSHIPS | $1,000 |
Endowment Analysis
| Beg. Balance | $13,959,077 |
| Earnings | -$1,610,878 |
| Admin Expense | $500 |
| Net Contributions | $283,152 |
| Grants | $241,471 |
| Ending Balance | $12,389,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Central New Mexico Albuquerque, NM | $25,758,904 | $18,629,053 |
United Way Of The Plains Wichita, KS | $26,271,888 | $15,996,345 |
United Way Of Salt Lake Salt Lake City, UT | $28,992,111 | $11,102,852 |
United Way Of Tucson And Southern Arizona Inc Tucson, AZ | $24,809,225 | $14,478,255 |
United Way Of Northern Utah Ogden, UT | $14,414,361 | $4,637,663 |
United Way Of Lincoln And Lancaster County Lincoln, NE | $10,176,018 | $7,783,651 |
Jewish Federation Of Greater Kansas City Overland Park, KS | $33,290,589 | $6,944,179 |
United Way Of Larimer County Inc Fort Collins, CO | $7,692,443 | $6,500,342 |
United Way Of Weld County Inc Greeley, CO | $5,895,187 | $7,008,653 |
United Way Of Central And Southern Utah Provo, UT | $1,777,988 | $5,427,795 |
Growing Up New Mexico Inc Santa Fe, NM | $5,476,758 | $4,686,891 |
United Way Of Greater Topeka Inc Topeka, KS | $3,601,122 | $4,712,696 |