Gamma Phi Beta Sorority Inc
- Assets
- $113.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kearney, NE
- Founding
- 11/1940
- Data as of
- 07/2022
- EIN
- 47-0543932
Organization Overview
Gamma Phi Beta Sorority Inc is located in Kearney, NE. The organization was established in 1940. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Gamma Phi Beta Sorority Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2022, Gamma Phi Beta Sorority Inc generated $10.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $8.7k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LASTING & ENDURING FRIENDSHIPS, TO FOSTER HIGHER STANDARDS OR INTELLECTUAL & ETHICAL BEHAVIOUR, TO PROMOTE EDUCATION.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $6,510 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,750 |
| Total Revenue | $10,269 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $125 |
| Occupancy, rent, utilities, and maintenance | $75 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,540 |
| Total expenses | $8,740 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $113,834 |
| Other assets | $0 |
| Total assets | $113,834 |
| Total liabilities | $230 |
| Net assets or fund balances | $113,604 |
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