Gamma Delta Fraternity Alumni Bldg Association
- Assets
- $2.2m
- Revenue
- $764.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Spokane, WA
- Founding
- 06/1935
- Data as of
- 05/2022
- EIN
- 91-6053971
Organization Overview
Gamma Delta Fraternity Alumni Bldg Association is located in Spokane, WA. The organization was established in 1935. 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. Gamma Delta Fraternity Alumni Bldg Association 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, Gamma Delta Fraternity Alumni Bldg Association generated $764.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $121.5k during the year ending 05/2022. While expenses have increased by 17.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO HOLD TITLE TO REAL AND PERSONAL PROPERTY, AND RENT AND MANAGE SUCH PROPERTY, IN ORDER TO PROVIDE QUALITY HOUSING FOR CURRENT MEMBER/STUDENTS OF GAMMA DELTA FRATERNITY (BETA THETA PI AT WASHINGTON STATE UNIVERSITY IN PULLMAN, WA).
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD TITLE TO REAL AND PERSONAL PROPERTY, AND RENTED AND MANAGED SUCH PROPERTY, IN ORDER TO PROVIDE QUALITY HOUSING FOR CURRENT MEMBER/STUDENTS OF GAMMA DELTA FRATERNITY (BETA THETA PI AT WASHINGTON STATE UNIVERSITY IN PULLMAN, WA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Marks Treasurer | OfficerTrustee | 2 | $0 |
Bob Hall President Since January 2022 | OfficerTrustee | 2 | $0 |
Joseph Buchanan President Through December 2021 | OfficerTrustee | 3 | $0 |
Tom Prenguber Director | Trustee | 1 | $0 |
Roger Aldrich Director | Trustee | 1 | $0 |
Duane Brelsford Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $185,090 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $453,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $638,659 |
| Total Program Service Revenue | $125,460 |
| Investment income | $59 |
| 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 | $764,178 |
| 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 | $14,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,717 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $773 |
| Advertising and promotion | $0 |
| Office expenses | $1,248 |
| Information technology | $3,360 |
| Royalties | $0 |
| Occupancy | $34,576 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,231 |
| Interest | $202 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,468 |
| All other expenses | $1,049 |
| Total functional expenses | $121,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,628 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,870,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,190,731 |
| Accounts payable and accrued expenses | $47,339 |
| 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 | $1,145,105 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,192,444 |
| Net assets without donor restrictions | $998,287 |
| 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 | $2,190,731 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gamma Delta Fraternity Alumni Bldg Association has recieved totaling $453,569.
| Awarding Organization | Amount |
|---|---|
Beta Theta Pi Foundation Oxford, OH PURPOSE: DESIGNATED EDUCATION AREA GRANT | $453,569 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Theta Of Alpha Delta Pi Building Corporation Issaquah, WA | $1,708,164 | $973,302 |
Phi Gamma Delta Fraternity Seattle, WA | $350,095 | $1,140,459 |
Beta Theta Pi Fraternity Seattle, WA | $108,890 | $916,187 |
Alpha Delta Phi Foundation Kirkland, WA | $740,441 | $793,693 |
Gamma Phi Beta Sorority Inc Seattle, WA | $2,167,793 | $762,242 |
Beta Pi Association Of Kappa Kappa Gamma Seattle, WA | $2,399,306 | $897,218 |
Puget Sound Association Of Sigma Kappa Sorority Seattle, WA | $1,731,949 | $760,171 |
Pi Kappa Phi Fraternity Seattle, WA | $195,786 | $713,457 |
Sigma Chi Fraternity Seattle, WA | $50,937 | $716,404 |
Cardinal National Housing Corporation Wilsonville, OR | $1,663,039 | $825,582 |
Alpha Gamma Delta Fraternity Seattle, WA | $319,187 | $750,834 |
Alpha Gamma Delta Fraternity Pullman, WA | $460,974 | $722,907 |