Minnesota Phi Gamma Delta Association Incorporated
- Assets
- $1.1m
- Revenue
- $118.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Maple Grove, MN
- Founding
- 04/1944
- Data as of
- 05/2022
- EIN
- 41-6022901
Organization Overview
Minnesota Phi Gamma Delta Association Incorporated is located in Maple Grove, MN. The organization was established in 1944. 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. Minnesota Phi Gamma Delta Association Incorporated 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 05/2022, Minnesota Phi Gamma Delta Association Incorporated generated $118.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $84.7k during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESTORATION AND MAINTENANCE OF THE PHI GAMMA DELTA FRATERNITY HOUSE AT THE UNIVERSTIY OF MINNESOTA. THE HOUSE IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND UPKEEP OF A BUILDING ON THE NATIONAL REGISTER OF HISTORIC PLACES, THE MINNESOTA PHI GAMMA DELTA HOUSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Spack President | OfficerTrustee | 5 | $0 |
Lance Stendal Treasurer | OfficerTrustee | 5 | $0 |
Pete Simpkins Secretary | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $118,000 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,029 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,850 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25 |
| Advertising and promotion | $0 |
| Office expenses | $737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,279 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,827 |
| Insurance | $16,248 |
| All other expenses | $0 |
| Total functional expenses | $84,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,940 |
| Savings and temporary cash investments | $74,975 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,078 |
| 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 | $14,268 |
| Net Land, buildings, and equipment | $950,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,095,533 |
| Accounts payable and accrued expenses | $3,623 |
| 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 | $8,500 |
| Secured mortgages and notes payable | $204,398 |
| Unsecured mortgages and notes payable | $1,125 |
| Other liabilities | $7,000 |
| Total liabilities | $224,646 |
| Net assets without donor restrictions | $870,887 |
| 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 | $1,095,533 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Phi Gamma Delta Association Incorporated has recieved totaling $8,570.
| Awarding Organization | Amount |
|---|---|
Phi Gamma Delta Educational Foundation Lexington, KY PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS. | $8,570 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omega Enterprises Inc Eba Green Bay, WI | $419,566 | $1,989,091 |
Sigma Lambda Gamma National Sorority Inc Iowa City, IA | $363,211 | $683,914 |
Delta Tau Delta Fraternity Ames, IA | $14,265 | $764,487 |
Peo Sisterhood International Chapter Des Moines, IA | $1,163,643 | $728,682 |
Farm House Fraternity Inc Ames, IA | $86,673 | $644,568 |
Chi Omega Fraternity Minneapolis, MN | $163,494 | $592,068 |
Alpha Gamma Delta Fraternity Ames, IA | $145,177 | $560,203 |
Sigma Chi Fraternity Minneapolis, MN | $88,169 | $515,786 |
Gamma Phi Beta Sorority Inc Ames, IA | $64,627 | $581,753 |
Pi Sigma Epsilon Inc Milwaukee, WI | $511,121 | $648,587 |
Sigma Nu Fraternity Beta Mu Chapter Iowa City, IA | $52,489 | $439,030 |
Gamma Phi Beta Sorority Inc Iowa City, IA | $451,815 | $470,283 |