Phi Gamma Delta Fraternity FY2021 filing

Not tax-deductible

Greencastle, IN501(c)(7)EIN 35-0874041

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Provide meals lodging and social activities for members at chapter house

Mission: Form 990 Part I, line 1

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
0 of 5
filings with a surplus
Average deficit $60K a year · 19% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$62K
276% of total assets
Concern: liabilities are 276% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$312K
Spent
$371K
Net assets
−$40K
By yearFY2021–FY2025
Revenue
$312K
FY2021
Revenue by fiscal year
FY2021$312K
FY2022$374K
FY2023$337K
FY2024$301K
FY2025$287K
Expenses
$371K
FY2021
Expenses by fiscal year
FY2021$371K
FY2022$420K
FY2023$449K
FY2024$338K
FY2025$331K
Net assets
−$40K
FY2021
Net assets by fiscal year
FY2021−$40K
FY2022−$85K
FY2023−$198K
FY2024−$235K
FY2025−$279K

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

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 Mar 1950.

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

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
See Phi Gamma Delta Fraternity 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 meals, lodging, and social activities for members at a chapter house.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2020.
01

Provide meals, lodging and social activities

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$312K
Ln 12
Fees for servicesLn 2g$287K
Gifts and grantsLn 1h$25K
Investment incomeLn 3$1
Money outPt IX
$371K
Ln 25
Owns and owesPt X
−$40K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$23K
LiabilitiesLn 26$62K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Fees for servicesLn 2g$287K
Investment incomeLn 3$1
Total revenueLn 12$312K
Assets in detailPt X, end of year
CashLn 1$10K
Cash and savings togetherLn 1–2$10K
Total assetsLn 16$23K
LiabilitiesLn 26$62K
Net assetsLn 32−$40K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$12K$10K
Total assetsLn 16$43K$23K
LiabilitiesLn 26$23K$62K
Net assetsLn 32$19K−$40K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$8K
Information technologyLn 14$4K
OccupancyLn 16$199K
Other expenses (24a–d)Ln 24$158K
All other expensesLn 24e$3K
Total functional expensesLn 25$371K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $287K$331K−$44K−$279K 990 PDF
FY2024 $301K$338K−$37K−$235K 990 PDF
FY2023 $337K$449K−$112K−$198K 990 PDF
FY2022 $374K$420K−$46K−$85K 990 PDF
FY2021 Viewing $312K$371K−$59K−$40K 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 (4 parts)
Part VIII · Statement of revenue $312,295 across 5 lines filed
VIII-1f All other contributions, gifts and grants$25,000
VIII-1h Total contributions, gifts and grants$25,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $287,294$287,294
VIII-3 Investment incomeUnrelated business $1$1
VIII-12 Total revenueRelated to mission $287,294 · Unrelated business $1 · Excluded from tax $0$312,295
Part IX · Statement of functional expenses $371,256 across 5 lines filed
IX-11c Accounting fees$7,794
IX-14 Information technology$3,506
IX-16 Occupancy$198,871
IX-24 Other expenses (24a–d)$158,148
IX-24e All other expenses$2,937
IX-25 Total functional expenses$371,256
Part X · Balance sheet $22,539 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $11,870$9,647
X-4 Accounts receivableStart of year $29,826$11,892
X-8 Inventories for sale or useStart of year $1,000$1,000
X-16 Total assetsStart of year $42,696$22,539
X-17 Accounts payable and accrued expensesStart of year $1,761$29
X-24 Unsecured notes and loans payable$26,984
X-25 Other liabilitiesStart of year $21,651$35,203
X-26 Total liabilitiesStart of year $23,412$62,216
X-27 Net assets without donor restrictionsStart of year $19,284−$39,677
X-32 Total net assets or fund balancesStart of year $19,284−$39,677
X-33 Total liabilities and net assetsStart of year $42,696$22,539
Part XI · Reconciliation of net assets −$39,677 net assets at year end
XI-1 Total revenue$312,295
XI-2 Total expenses$371,256
XI-3 Revenue less expenses−$58,961
XI-4 Net assets at start of year$19,284
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$39,677

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

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