Gamma Phi Beta Sorority Inc is located in Williamsburg, VA. 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. 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 07/2024, Gamma Phi Beta Sorority Inc generated $74.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $65.4k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 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
2024
Describe the Organization's Program Activity:
Part 3
PROVIDED AND FUNDED SOCIAL EVENTS, NEW MEMBER AND RECRUITMENT PROGRAMS, AND OFFICER PROGRAMMING FOR THE LOCAL SOCIAL FRATERNITY MEMBERS - TOTAL OF 109 MEMBERS FOR THE YEAR.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sophia Sickler Financial Vi | 0 | $0 | |
Erin Collins Education VP | 0 | $0 | |
Jordan Rein Membership V | 0 | $0 | |
Isabella Buckley Panhellenic | 0 | $0 | |
Olivia Cassara President | 0 | $0 | |
Ainsley Ruhl Pr VP | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $74,426 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $74,426 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $65,271 |
| Total expenses | $65,371 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $104,663 |
| Other assets | $0 |
| Total assets | $104,663 |
| Total liabilities | $0 |
| Net assets or fund balances | $104,663 |