Gamma Phi Beta Sorority Inc
- Assets
- $60.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morehead, KY
- Founding
- 02/1959
- Data as of
- 07/2023
- EIN
- 61-1185502
Organization Overview
Gamma Phi Beta Sorority Inc is located in Morehead, KY. The organization was established in 1959. 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 07/2023, Gamma Phi Beta Sorority Inc generated $52.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $57.6k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kdee Whiteman President | 10 | $0 | |
Contessa Combs Admin Vice Pres | 10 | $0 | |
Katrina Miller Financial Vice Pres | 10 | $0 | |
Marisa Brown Education Vice Pres | 10 | $0 | |
Chloe Marstiller Public Relations Vice Pres | 10 | $0 | |
Mackenzie Price Panhellenic Vice Pres | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,401 |
| Total Program Service Revenue | $0 |
| Membership dues | $49,959 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,369 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $44,368 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,626 |
| Occupancy, rent, utilities, and maintenance | $1,139 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,424 |
| Total expenses | $57,557 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,742 |
| Other assets | $0 |
| Total assets | $60,217 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,217 |