Alpha Gamma Rho Fraternity
- Assets
- $3.1m
- Revenue
- $795.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Manhattan, KS
- Founding
- 00/0000
- Data as of
- 08/2023
- EIN
- 23-7387963
Organization Overview
Alpha Gamma Rho Fraternity is located in Manhattan, KS. The organization was established in 0000. 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. Alpha Gamma Rho Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2023, Alpha Gamma Rho Fraternity generated $795.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $277.9k during the year ending 08/2023. While expenses have increased by 13.4% 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
PROVIDE AND MAINTAIN FRATERNITY HOUSE FOR THE BENEFIT OF UNDERGRADUATE MEMBERS CAPACITY APROX. 53. ENCOURAGE STUDENTS IN LITERARY SUBJECTS, MORE SPECIFICALLY AGRICULTURE AND ALLIED SCIENCES. PROVIDE ORGANIZATIONAL STRUCTURE FOR ALUMNI SUPPORT OF ACTIVITIES ABOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND MAINTAIN FRATERNITY HOUSE FOR THE BENEFIT OF UNDERGRADUATES. THE ALUMNI ASSOCIATION OWNS THE HOUSE AND RENTS IT TO THE ALPHA ZETA CHAPTER OF ALPHA GAMMA RHO FRATERNITY AT KANSAS STATE UNIVERSITY. THE HOUSE WAS TOTALLY REMODELED IN 2004 AND HAS A CAPACITY OF ABOUT 53 UNDERGRADUATES. THE HOUSE IS CURRENTLY FULL. MOST OF THE REVENUE GOES TO REPAIRS, INSURANCE, RESERVES FOR FUTURE IMPROVEMENTS, AND TAXES. THE FRATERNITY HOUSE IS LOCATED AT 1919 PLATT, MANHATTAN KS 66502.
ENCOURAGE STUDENTS IN LITERARY SUBJECTS, SPECIFICALLY AGRICULTURE AND ALLIED SCIENCES. A CLOSE RELATIONSHIP IS MAINTAINED BETWEEN THE ACTIVE CHAPTER AND THE ALUMNI GROUP. ALUMNI OFTEN SPEAK AT DINNER, ASSIST WITH RECRUITING, AND HOLD AN ANNUAL WORK DAY PRIOR TO MOVE IN DAY IN THE FALL.
PROVIDE ALUMNI SUPPORT OF OTHER ACCOMPLISHMENTS AND PROVIDE SOCIAL AND FRATERNAL OPPORTUNITIES FOR ALUMNI MEMBERS AND UNDERGRADUATES. ALL ALUMNI OF THE ALPHA ZETA CHAPTER BECOME MEMBERS OF THE ALUMNI ASSOCIATION. ABOUT 1200 LIVING MEMBERS. GRANTS FROM TAX-DEDUCTIBLE CONTRIBUTIONS TO THE ALPHA GAMMA RHO EDUCATIONAL FOUNDATION ARE USED FOR IMPROVEMENTS, REPAIRS AND OTHER OPERATION EXPENSES RELATED TO THE EDUCATION PORTION 34.4 OF THE HOUSE. TAX-DEDUCTIBLE CONTRIBUTIONS TO THE KANSAS STATE UNIVERSITY FOUNDATION AND THE ALPHA GAMMA RHO EDUCATIONAL FOUNDATION ARE USED FOR SCHOLARSHIPS FOR UNDERGRADUATE FRATERNITY MEMBERS. NON-DEDUCTIBLE CONTRIBUTIONS MADE DIRECTLY TO THE ALUMNI ASSOCATION ARE USED FOR PROGRAM EXPENSES AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Chase Treasurer | OfficerTrustee | 4 | $0 |
Will Longinaker Director | Trustee | 1 | $0 |
Rick Perkins Vice President | OfficerTrustee | 1 | $0 |
Jim Garrison President | OfficerTrustee | 7 | $0 |
Chad Nuelle Director | OfficerTrustee | 1 | $0 |
Jeff Cather Director | Trustee | 1 | $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 | $453,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $453,842 |
| Total Program Service Revenue | $162,329 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $166,170 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $795,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,750 |
| 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 | $0 |
| 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 | $25,431 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $517 |
| Advertising and promotion | $5,341 |
| Office expenses | $165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,624 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,641 |
| Insurance | $11,935 |
| All other expenses | $0 |
| Total functional expenses | $277,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,379 |
| Savings and temporary cash investments | $100,000 |
| 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 | $2,723,293 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,132 |
| Total assets | $3,115,804 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,573,999 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,573,999 |
| Net assets without donor restrictions | $0 |
| 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 | $1,541,805 |
| Total liabilities and net assets/fund balances | $3,115,804 |