Alpha Gamma Rho Fraternity
- Assets
- $4.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Kansas City, MO
- Founding
- 03/1941
- Data as of
- 06/2024
- EIN
- 37-0152080
Organization Overview
Alpha Gamma Rho Fraternity is located in Kansas City, MO. The organization was established in 1941. 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, Alpha Gamma Rho Fraternity employed 16 individuals. This organization is a parent organization of 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 06/2024, Alpha Gamma Rho Fraternity generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $2.8m during the year ending 06/2024. While expenses have increased by 8.0% per year over the past 8 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
ADVISORY SERVICES ON CHAPTER MANAGEMENT, FINANCE AND MEMBER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AID TO CHAPTERS THROUGH LOANS; CONSULTATION AND INSTRUCTION FOR THE CHAPTERS AND ITS MEMBERS THROUGH VISITS IN WHICH THEIR CURRENT OPERATIONAL STRENGTHS AND AREAS NEEDING IMPROVEMENTS ARE ASSESSED. PROVIDE GUIDANCE, INSIGHTS AND RESOURCES TO PROMOTE GREATER OPERATIONAL EFFECTIVENESS. PROVIDE EDUCATION TO MEMBERS ON FRATERNITY POLICIES, PROCEDURES AND PROTOCOLS.
HELD LEADERSHIP SEMINARS AND A BIENNIAL CONVENTION WHICH PROMOTES FRATERNAL GROWTH.
MAINTAIN FRATERNAL FINANCIAL AND MEMBERSHIP RECORDS, CHAPTER SPECIFIC HISTORICAL FILES, DATABASE MANAGMENT AND RECORD UPDATES. COLLECT INITIATION FEES FOR 1,076 NEW MEMBERS, DUES SEMI-ANNUALLY FOR 2,589 UNDERGRADUATE MEMBERS AND CONTRIBUTIONS TO SUPPORT THE ACTIVITIES OF THE MEMBERS.
PUBLISHED BI-ANNUAL SICKLE & SHEAF MAGAZINE FOR 51,000 UNDERGRADUATE & ALUMNI MEMBERS, MONTHLY E-NEWSLETTERS FOR CHAPTERS & RELEVANT COMMUNICATIONS FOR ALL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Nickerson Grand President | OfficerTrustee | 2 | $0 |
Jay Vroom Vice Grand President | OfficerTrustee | 2 | $0 |
Greg Webb Financial Vice President | OfficerTrustee | 2 | $0 |
Dave Oswalt Treasurer | OfficerTrustee | 2 | $0 |
Jim Borel Director | Trustee | 2 | $0 |
John Niemann Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $269,600 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,100 |
| Total Program Service Revenue | $1,278,698 |
| Investment income | $71,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $39,747 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104,763 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,857 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,786,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| 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. | $547,851 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,511 |
| Pension plan accruals and contributions | $45,227 |
| Other employee benefits | $77,338 |
| Payroll taxes | $77,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,711 |
| Fees for services: Accounting | $104,714 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $146,345 |
| Office expenses | -$9,512 |
| Information technology | $48,493 |
| Royalties | $0 |
| Occupancy | $55,365 |
| Travel | $35,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,007 |
| Interest | $4,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,751 |
| Insurance | $529,685 |
| All other expenses | -$23,969 |
| Total functional expenses | $2,798,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,456 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $206,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,000 |
| Inventories for sale or use | $42,969 |
| Prepaid expenses and deferred charges | $32,902 |
| Net Land, buildings, and equipment | $1,623 |
| Investments—publicly traded securities | $3,539,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $381,521 |
| Total assets | $4,372,490 |
| Accounts payable and accrued expenses | $130,699 |
| Grants payable | $0 |
| Deferred revenue | $421,166 |
| 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 | $150,000 |
| Other liabilities | $820,149 |
| Total liabilities | $1,522,014 |
| Net assets without donor restrictions | $2,850,476 |
| 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 | $4,372,490 |