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Gamma Educational Foundation INC FY2024 filing

Not tax-deductible

Columbus, OH501(c)(7)Since 1944Mutual / membership EIN 31-4352794Revenue $154K in FY2024

On file with the IRS258 Winthrop Rd, 43214-3642 · Columbus, OHTax-exempt since May 1969

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Maintain chapter house of phi kappa tau fraternity at osu

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $11K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$164K
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
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
$154K
+2% vs prior year
Spent
$198K
To programs
0%
Net assets
$144K
By yearFY2021–FY2026
Revenue
$154K
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$68K
FY2022$260K
FY2023$151K
FY2024$154K
FY2025$190K
FY2026$202K
Expenses
$198K
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2021$93K
FY2022$249K
FY2023$173K
FY2024$198K
FY2025$181K
FY2026$197K
Net assets
$144K
FY2024▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2021$200K
FY2022$211K
FY2023$189K
FY2024$144K
FY2025$153K
FY2026$157K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in May 1969.

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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Jeff Cabot
Treasurer
$0Pt VII · Sec A
Bob Campbell
VP/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom Kimball
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gamma Educational Foundation INC 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

Maintains the fraternity's chapter house at OSU.

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1 program · in their own filed words · FY2023
01

Maintain chapter house of phi kappa tau fraternity at osu

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Phi Kappa Tau FoundationFY2023$18K
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$154K
Ln 12
Fees for servicesLn 2g$122K
Other incomeLn 4–11$32K
Investment incomeLn 3$1
Money outPt IX
$198K
Ln 25
Owns and owesPt X
$144K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$308K
LiabilitiesLn 26$164K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$122K
Investment incomeLn 3$1
Other incomeLn 4–11$32K
Total revenueLn 12$154K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$13K
Land, buildings, equipmentLn 10c$295K
Total assetsLn 16$308K
LiabilitiesLn 26$164K
Net assetsLn 32$144K
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$43K$13K
Land, buildings, equipmentLn 10c$310K$295K
Total assetsLn 16$353K$308K
LiabilitiesLn 26$164K$164K
Net assetsLn 32$189K$144K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$660
Other fees for servicesLn 11g$43K
OccupancyLn 16$107K
InterestLn 20$3K
Depreciation, depletion and amortizationLn 22$20K
InsuranceLn 23$11K
Other expenses (24a–d)Ln 24$14K
Total functional expensesLn 25$198K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $202K$197K$5K$157K 990 PDF
FY2025 $190K$181K$8K$153K 990 PDF
FY2024 Viewing $154K$198K−$45K$144K 990 PDF
FY2023 $151K$173K−$22K$189K 990 PDF
FY2022 $260K$249K$11K$211K 990 PDF
FY2021 $68K$93K−$26K$200K 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 FY2024 990 (6 parts)
Part I · Summary $153,764 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $147,731$121,604
I-10 Investment incomePrior year $1$1
I-11 Other revenuePrior year $3,547$32,159
I-12 Total revenuePrior year $151,279$153,764
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $173,459$198,414
I-18 Total expensesPrior year $173,459$198,414
I-19 Revenue less expensesPrior year −$22,180−$44,650
Part VI · Governance 9 of 9 board members independent, 3 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-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $153,764 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $121,604$121,604
VIII-3 Investment incomeRelated to mission $1$1
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $32,159$32,159
VIII-12 Total revenueRelated to mission $121,605 · Excluded from tax $32,159$153,764
Part IX · Statement of functional expenses $198,414 across 7 lines filed
IX-11c Accounting fees$660
IX-11g Other fees for services$42,847
IX-16 Occupancy$106,830
IX-20 Interest$3,101
IX-22 Depreciation, depletion and amortization$19,748
IX-23 Insurance$10,765
IX-24 Other expenses (24a–d)$14,463
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$198,414
Part X · Balance sheet $308,129 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $34,222$7,816
X-2 Savings and temporary cash investmentsStart of year $8,574$5,378
X-10c Land, buildings and equipment, netStart of year $309,983$294,935
X-16 Total assetsStart of year $352,779$308,129
X-26 Total liabilitiesStart of year $163,806$163,806
X-27 Net assets without donor restrictionsStart of year $188,973$144,323
X-32 Total net assets or fund balancesStart of year $188,973$144,323
X-33 Total liabilities and net assetsStart of year $352,779$308,129
Part XI · Reconciliation of net assets $144,323 net assets at year end
XI-1 Total revenue$153,764
XI-2 Total expenses$198,414
XI-3 Revenue less expenses−$44,650
XI-4 Net assets at start of year$188,973
XI-10 Net assets at end of year$144,323

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

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