Gamma Delta Building Association
- Assets
- $2.3m
- Revenue
- $368.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Spokane, WA
- Founding
- 06/1935
- Data as of
- 05/2023
- EIN
- 91-6053971
Organization Overview
Gamma Delta Building Association is located in Spokane, WA. The organization was established in 1935. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Gamma Delta Building Association is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 05/2023, Gamma Delta Building Association generated $368.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $222.0k during the year ending 05/2023. While expenses have increased by 3.0% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD TITLE TO REAL AND PERSONAL PROPERTY IN ORDER TO PROVIDE QUALITY HOUSING FOR CURRENT MEMBER/STUDENTS OF GAMMA DELTA FRATERNITY (BETA THETA PI AT WASHINGTON STATE UNIVERSITY IN PULLMAN, WA).
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD TITLE TO REAL AND PERSONAL PROPERTY, AND RENTED AND MANAGED SUCH PROPERTY, IN ORDER TO PROVIDE QUALITY HOUSING FOR CURRENT MEMBER/STUDENTS OF GAMMA DELTA FRATERNITY (BETA THETA PI AT WASHINGTON STATE UNIVERSITY IN PULLMAN, WA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Hall President | OfficerTrustee | 2 | $0 |
Gary Marks Treasurer | OfficerTrustee | 2 | $0 |
Tom Prenguber Director | Trustee | 1 | $0 |
Roger Aldrich Director | Trustee | 1 | $0 |
Duane Brelsford Director | Trustee | 1 | $0 |
Dan Young Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $177,991 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,786 |
| Total Program Service Revenue | $158,636 |
| Investment income | $3,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,469 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $368,294 |
| 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 | $17,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,181 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,052 |
| Advertising and promotion | $0 |
| Office expenses | $183 |
| Information technology | $4,563 |
| 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 | $1,252 |
| Interest | $59,726 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,603 |
| Insurance | $11,228 |
| All other expenses | $365 |
| Total functional expenses | $222,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,337 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,984,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,321,642 |
| Accounts payable and accrued expenses | $50,239 |
| 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 | $1,126,853 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,177,092 |
| Net assets without donor restrictions | $1,144,550 |
| Net assets with donor restrictions | $0 |
| 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 | $2,321,642 |