Phi Gamma Delta Educational Foundation
- Assets
- $23.7m
- Revenue
- $3.0m
- Investments
- $1.6m
- Employees
- 3
- Location
- Lexington, KY
- Founding
- 06/1953
- Data as of
- 06/2022
- EIN
- 52-6036185
Organization Overview
Phi Gamma Delta Educational Foundation is located in Lexington, KY. The organization was established in 1953. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2022, Phi Gamma Delta Educational Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phi Gamma Delta Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Phi Gamma Delta Educational Foundation generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Phi Gamma Delta Educational Foundation has awarded 85 individual grants totaling $10,043,475. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL SUPPORT AND SERVICES FOR COLLEGE STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS AND RELATED EXPENSES
UNDERGRADUATE AND AAA SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin E Robinson Executive Director | Officer | 40 | $169,893 |
William Brand Secretary | OfficerTrustee | 2 | $0 |
Matthew M Amend Chairman | OfficerTrustee | 2 | $0 |
Kevin W Haga Finance Committee Chairman | OfficerTrustee | 2 | $0 |
Glenn D Moor Vice Chairman | OfficerTrustee | 2 | $0 |
Robert A Wunderluch Jr Director | Trustee | 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 | $1,834,547 |
| Noncash contributions included in lines 1a–1f | $150,715 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,834,547 |
| Total Program Service Revenue | $0 |
| Investment income | $1,106,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,021,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $915,270 |
| Grants and other assistance to domestic individuals. | $429,225 |
| 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 | $274,446 |
| Pension plan accruals and contributions | $20,355 |
| Other employee benefits | $36,306 |
| Payroll taxes | $18,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,478 |
| Fees for services: Other | $121,500 |
| Advertising and promotion | $0 |
| Office expenses | $3,222 |
| Information technology | $23,420 |
| Royalties | $0 |
| Occupancy | $53,299 |
| Travel | $31,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,730 |
| All other expenses | $56,882 |
| Total functional expenses | $2,212,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,153,019 |
| 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 | $23,598 |
| Net Land, buildings, and equipment | $130,000 |
| Investments—publicly traded securities | $20,806,488 |
| Investments—other securities | $1,571,123 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,900 |
| Total assets | $23,695,128 |
| Accounts payable and accrued expenses | $132,872 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $203,049 |
| Total liabilities | $335,921 |
| Net assets without donor restrictions | $7,632,559 |
| Net assets with donor restrictions | $15,726,648 |
| 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 | $23,695,128 |
Grants Awarded
Over the last fiscal year, Phi Gamma Delta Educational Foundation has awarded $901,044 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, KY PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS. | $423,704 |
TECH FIJIS INC PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $223,490 |
Brookfield, WI PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $75,000 |
Fishers, IN PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $50,000 |
Lawrence, KS PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $43,300 |
Athens, GA PURPOSE: ASSISTANCE FOR MEMBERS OR RELATED ORGANIZATIONS | $35,242 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Phi Gamma Delta Educational Foundation has recieved totaling $5,250.
| Awarding Organization | Amount |
|---|---|
Brunetti Family Charitable Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $5,000 |
Reilly Family Foundation Aledo, TX PURPOSE: GENERAL OPERATIONS | $250 |
Endowment Analysis
| Beg. Balance | $6,926,867 |
| Net Contributions | $350,280 |
| Ending Balance | $7,277,147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Beta Theta Pi Fraternity Oxford, OH | $3,680,117 | $8,942,106 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Sigma Phi Epsilon Fraternity Inc Richmond, VA | $54,140,029 | $10,282,777 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Beta Theta Pi Fraternity Oxford, OH | $10,733,585 | $6,268,729 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Delta Gamma Foundation Columbus, OH | $43,080,592 | $13,458,880 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |