Epsilon Gamma Corporation FY2021 filing

Not tax-deductible

Chapel Hill, NC501(c)(7)EIN 23-7242564Revenue $491K in FY2021

On file with the IRS302 Pittsboro St, 27516-2910 · Chapel Hill, NCTax-exempt since Nov 1972

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To provide facilities and related necessary services to collegiate members of the kappa kappa Gamma sorority at the university of north carolina at chapel hill

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $25K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$491K
Spent
$473K
To programs
99%
Net assets
$1.2M
By yearFY2021–FY2025
Revenue
$491K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$491K
FY2022$548K
FY2023$457K
FY2024$422K
FY2025$331K
Expenses
$473K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$473K
FY2022$478K
FY2023$474K
FY2024$493K
FY2025$457K
Net assets
$1.2M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.2M
FY2022$1.3M
FY2023$1.2M
FY2024$1.2M
FY2025$1.0M

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $469K Management & general 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chapter President
$0Pt VII · Sec A
Chapter Treasurer
$0Pt VII · Sec A
Chapter House Chair
$0Pt VII · Sec A
Chapter Council Adviser
$0Pt VII · Sec A
See Epsilon Gamma Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides housing and services for Kappa Kappa Gamma sorority members at UNC Chapel Hill.

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Provided by the organization

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1 program · $469K · in their own filed words · FY2020
01

To provide facilities and the related necessary services to collegiate members of the Kappa Kappa Gamma Sorority at the University of North Carolina at Chapel Hill. During the fiscal year approximately 140 members were served.

$469Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$491K
Ln 12
Fees for servicesLn 2g$490K
Investment incomeLn 3$1K
Money outPt IX
$473K
Ln 25
Programscol B$469K
Managementcol C$3K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$411K
Total assetsLn 16$1.2M
LiabilitiesLn 26$2K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$490K
Investment incomeLn 3$1K
Total revenueLn 12$491K
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$366K
Cash and savings togetherLn 1–2$411K
Land, buildings, equipmentLn 10c$750K
Other assetsLn 15$35K
Total assetsLn 16$1.2M
LiabilitiesLn 26$2K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$397K$411K
Land, buildings, equipmentLn 10c$785K$750K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$6K$2K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$199K$199K
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$68K$68K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$703$703
Payroll taxesLn 10$8K$8K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$0
Office expensesLn 13$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$156K$156K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$35K$35K
InsuranceLn 23$74$74
All other expensesLn 24e$0
Total functional expensesLn 25$473K$469K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $331K$457K−$126K$1.0M 990 PDF
FY2024 $422K$493K−$71K$1.2M 990 PDF
FY2023 $457K$474K−$17K$1.2M 990 PDF
FY2022 $548K$478K$70K$1.3M 990 PDF
FY2021 Viewing $491K$473K$18K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $491,094 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $720$0
I-9 Program service revenuePrior year $597,800$490,055
I-10 Investment incomePrior year $4,148$1,039
I-11 Other revenue$0
I-12 Total revenuePrior year $602,668$491,094
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $267,910$198,632
I-15 Salaries and benefitsPrior year $65,333$75,932
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $182,571$198,367
I-18 Total expensesPrior year $515,814$472,931
I-19 Revenue less expensesPrior year $86,854$18,163
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $491,094 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $490,055$490,055
VIII-3 Investment incomeRelated to mission $1,039$1,039
VIII-12 Total revenueRelated to mission $491,094$491,094
Part IX · Statement of functional expenses $472,931 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for membersPrograms $198,632$198,632
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $67,565$67,565
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $703$703
IX-10 Payroll taxesPrograms $7,664$7,664
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,840$1,840
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $3,528$3,528
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,596$1,596
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $156,042$156,042
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $35,287$35,287
IX-23 InsurancePrograms $74$74
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $469,495 · Management $3,436$472,931
Part X · Balance sheet $1,195,657 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $6,001$45,470
X-2 Savings and temporary cash investmentsStart of year $390,768$365,568
X-10c Land, buildings and equipment, netStart of year $784,906$749,619
X-15 Other assets$35,000
X-16 Total assetsStart of year $1,181,675$1,195,657
X-17 Accounts payable and accrued expensesStart of year $6,452$2,271
X-26 Total liabilitiesStart of year $6,452$2,271
X-32 Total net assets or fund balancesStart of year $1,175,223$1,193,386
X-33 Total liabilities and net assetsStart of year $1,181,675$1,195,657
Part XI · Reconciliation of net assets $1,193,386 net assets at year end
XI-1 Total revenue$491,094
XI-2 Total expenses$472,931
XI-3 Revenue less expenses$18,163
XI-4 Net assets at start of year$1,175,223
XI-10 Net assets at end of year$1,193,386

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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