Epsilon Gamma Corporation FY2023 filing

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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

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
14 mo
of spending, in cash
Looks good: 13.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$457K
-17% vs prior year
Spent
$474K
To programs
99%
Net assets
$1.2M
By yearFY2021–FY2025
Revenue
$457K
FY2023▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2021$491K
FY2022$548K
FY2023$457K
FY2024$422K
FY2025$331K
Expenses
$474K
FY2023▼ -0.8%
Tap a bar for its year
Expenses by fiscal year
FY2021$473K
FY2022$478K
FY2023$474K
FY2024$493K
FY2025$457K
Net assets
$1.2M
FY2023▼ -1%
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 FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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% · $5K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Member At-Large
$0Pt VII · Sec A
Member At-Large
$0Pt VII · Sec A
Member At-Large
$0Pt VII · Sec A
Member At-Large
$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 · FY2022
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 100 members were served.

$469Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$457K
Ln 12
Fees for servicesLn 2g$418K
Gifts and grantsLn 1h$37K
Investment incomeLn 3$2K
Money outPt IX
$474K
Ln 25
Programscol B$469K
Managementcol C$5K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$539K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Government grantsLn 1e$36K
Fees for servicesLn 2g$418K
Investment incomeLn 3$2K
Total revenueLn 12$457K
Assets in detailPt X, end of year
CashLn 1$209K
SavingsLn 2$330K
Cash and savings togetherLn 1–2$539K
Land, buildings, equipmentLn 10c$708K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1K
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 FY23End FY23
Cash and savingsLn 1–2$539K$539K
Land, buildings, equipmentLn 10c$728K$708K
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$3K$1K
Net assetsLn 32$1.3M$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$236K$236K
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$70K$70K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$704$704
Payroll taxesLn 10$9K$9K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$126K$126K
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$28K$28K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$33$33
All other expensesLn 24e$0
Total functional expensesLn 25$474K$469K$5K

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 Viewing $457K$474K−$17K$1.2M 990 PDF
FY2022 $548K$478K$70K$1.3M 990 PDF
FY2021 $491K$473K$18K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $456,895 revenue, 12 lines filed
I-8 Contributions and grants$36,509
I-9 Program service revenuePrior year $548,346$418,037
I-10 Investment incomePrior year $55$2,349
I-11 Other revenue$0
I-12 Total revenuePrior year $548,401$456,895
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $234,090$235,620
I-15 Salaries and benefitsPrior year $77,079$79,410
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $167,207$159,322
I-18 Total expensesPrior year $478,376$474,352
I-19 Revenue less expensesPrior year $70,025−$17,457
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $456,895 across 6 lines filed
VIII-1e Government grants$35,859
VIII-1f All other contributions, gifts and grants$650
VIII-1h Total contributions, gifts and grants$36,509
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $418,037$418,037
VIII-3 Investment incomeRelated to mission $2,349$2,349
VIII-12 Total revenueRelated to mission $420,386$456,895
Part IX · Statement of functional expenses $474,352 across 30 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 $235,620$235,620
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $70,029$70,029
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $704$704
IX-10 Payroll taxesPrograms $8,677$8,677
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $4,063$4,063
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,146$1,146
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $125,691$125,691
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 $28,389$28,389
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $33$33
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $469,143 · Management $5,209$474,352
Part X · Balance sheet $1,247,332 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $119,018$209,042
X-2 Savings and temporary cash investmentsStart of year $419,996$330,042
X-10c Land, buildings and equipment, netStart of year $727,875$708,248
X-16 Total assetsStart of year $1,266,889$1,247,332
X-17 Accounts payable and accrued expensesStart of year $3,478$1,378
X-26 Total liabilitiesStart of year $3,478$1,378
X-32 Total net assets or fund balancesStart of year $1,263,411$1,245,954
X-33 Total liabilities and net assetsStart of year $1,266,889$1,247,332
Part XI · Reconciliation of net assets $1,245,954 net assets at year end
XI-1 Total revenue$456,895
XI-2 Total expenses$474,352
XI-3 Revenue less expenses−$17,457
XI-4 Net assets at start of year$1,263,411
XI-10 Net assets at end of year$1,245,954

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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