Gamma Zeta

Not tax-deductible

Jenks, OK501(c)(7)EducationEIN 27-1830484

University fraternity providing housing and group activities for university students

Mission: Form 990 Part I, line 1

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 21.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$91K
8% of total assets
Looks good: liabilities are 8% 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
$458K
Spent
$251K
To programs
0%
Net assets
$1.1M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2025.

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Gamma Zeta 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 15aNo

Programs and updates

Offers housing and group activities for university students.

Provided by the organization

This section is blank until Gamma Zeta claims this page.

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1 program service account for $130K of program spending, described in the organization's own filed words · FY2024.
01

Food expense for students living in the fraternity house.

$130Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$458K
Ln 12
Gifts and grantsLn 1h$448K
Investment incomeLn 3$10K
Money outPt IX
$251K
Ln 25
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$457K
Total assetsLn 16$1.2M
LiabilitiesLn 26$91K
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$448K
Investment incomeLn 3$10K
Total revenueLn 12$458K
Assets in detailPt X, end of year
SavingsLn 2$457K
Cash and savings togetherLn 1–2$457K
Land, buildings, equipmentLn 10c$731K
Total assetsLn 16$1.2M
LiabilitiesLn 26$91K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$457K
Land, buildings, equipmentLn 10c$732K$731K
Total assetsLn 16$890K$1.2M
LiabilitiesLn 26$459$91K
Net assetsLn 32$889K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$20K
Payroll taxesLn 10$2K
Accounting feesLn 11c$4K
Advertising and promotionLn 12$750
Office expensesLn 13$5K
OccupancyLn 16$29K
InsuranceLn 23$14K
Other expenses (24a–d)Ln 24$175K
Total functional expensesLn 25$251K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $458K$251K$208K$1.1M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $458,171 across 6 lines filed
VIII-1b Membership dues$441,478
VIII-1f All other contributions, gifts and grants$6,927
VIII-1h Total contributions, gifts and grants$448,405
VIII-3 Investment income$9,766
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$458,171
Part IX · Statement of functional expenses $250,513 across 8 lines filed
IX-7 Other salaries and wages$20,203
IX-10 Payroll taxes$1,768
IX-11c Accounting fees$4,205
IX-12 Advertising and promotion$750
IX-13 Office expenses$5,360
IX-16 Occupancy$29,101
IX-23 Insurance$13,675
IX-24 Other expenses (24a–d)$175,451
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$250,513
Part X · Balance sheet $1,188,239 assets, 9 lines filed
X-2 Savings and temporary cash investments$456,592
X-9 Prepaid expenses and deferred charges$209
X-10c Land, buildings and equipment, netStart of year $731,593$731,438
X-16 Total assetsStart of year $889,633$1,188,239
X-17 Accounts payable and accrued expenses$90,949
X-25 Other liabilitiesStart of year $459$459
X-26 Total liabilitiesStart of year $459$91,408
X-32 Total net assets or fund balancesStart of year $889,174$1,096,831
X-33 Total liabilities and net assetsStart of year $889,633$1,188,239
Part XI · Reconciliation of net assets $1,096,777 net assets at year end
XI-1 Total revenue$458,170
XI-2 Total expenses$250,513
XI-3 Revenue less expenses$207,657
XI-4 Net assets at start of year$889,174
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,096,777

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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