Alpha Gamma Rho Fraternity FY2020 filing

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Advisory services on chapter management, finance and member education.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
88¢ of each $1 spent went to programs.
$330K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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 6
filings with a surplus
Average deficit $386K a year · 20% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$330K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $4.8M in investments, Pt X · Ln 11–13
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $772K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$2.0M
To programs
88%
Net assets
$4.5M
By yearFY2020–FY2025
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$2.1M
FY2022$1.9M
FY2023$2.2M
FY2024$1.8M
FY2025$2.0M
Expenses
$2.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$2.3M
FY2023$2.4M
FY2024$2.8M
FY2025$2.4M
Net assets
$4.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.5M
FY2021$5.1M
FY2022$3.9M
FY2023$3.7M
FY2024$2.9M
FY2025$2.7M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 1941.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.7M Management & general 12% · $234K

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

8 people listed on the 990; $330K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chief Execut
$213,387Pt VII · Sec A
Chief Develo
$116,923Pt VII · Sec A
Financial Vi
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Grand P
$0Pt VII · Sec A
$0Pt VII · Sec A
Grand Presid
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Rex Martin$245,726$242,683$213,536$221,740$201,451$213,387
Carol Johnson$201,417$192,743$195,598———
Carol Ann Johnson———$146,840$169,647$116,923
Grant Bargefrede———$72,190——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 advice on chapter management, finance, and member education.

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Provided by the organization

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3 programs · in their own filed words · FY2019
01

Provide aid to chapters through loans; consultation and instruction for the chapters & its members through visits in which their current operational strengths & areas needing improvements are assessed. Provide guidance, insights & resources to promote greater operational effectiveness.

Pt IX · col B
02

Maintain fraternal financial & membership records, chapter specific historical files, database management & record updates. Collect initiation fees for 1,250 new members, dues semi-annually for 2,682 undergraduate members and contributions to support the activities of the members.

Pt IX · col B
03

Published bi-annual sickle & sheaf magazine for 42,000 undergraduate & alumni members, monthly e-newsletters for chapters & relevant communications for all members.

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$772K
Grants paid · 2 grants · $604K · 2023–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$275K
Gifts and grantsLn 1h$98K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.7M
Managementcol C$234K
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$534K
Total assetsLn 16$6.1M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$275K
Other incomeLn 4–11$43K
Gains on assetsLn 7$161K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$72K
SavingsLn 2$462K
Cash and savings togetherLn 1–2$534K
InvestmentsLn 11–13$4.8M
Land, buildings, equipmentLn 10c$36K
Other assetsLn 15$218K
Total assetsLn 16$6.1M
LiabilitiesLn 26$1.6M
Net assetsLn 32$4.5M
OperationsPt I, VI
EmployeesI 511
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$182K$534K
InvestmentsLn 11–13$5.5M$4.8M
Land, buildings, equipmentLn 10c$45K$36K
Total assetsLn 16$6.2M$6.1M
LiabilitiesLn 26$1.4M$1.6M
Net assetsLn 32$4.8M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$217K$217K
Other salaries and wagesLn 7$597K$461K$136K
Pension plan contributionsLn 8$13K$13K
Other employee benefitsLn 9$151K$124K$28K
Payroll taxesLn 10$59K$49K$10K
Management feesLn 11a$2K$2K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$34K$26K$8K
Advertising and promotionLn 12$9K$8K$667
Office expensesLn 13$64K$58K$6K
Information technologyLn 14$23K$19K$4K
OccupancyLn 16$54K$45K$9K
TravelLn 17$188K$161K$27K
Depreciation, depletion and amortizationLn 22$9K$8K$2K
InsuranceLn 23$495K$495K
Other expenses (24a–d)Ln 24$29K$24K$4K
Total functional expensesLn 25$2.0M$1.7M$234K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$2.4M−$329K$2.7M 990 PDF
FY2024 $1.8M$2.8M−$1.0M$2.9M 990 PDF
FY2023 $2.2M$2.4M−$239K$3.7M 990 PDF
FY2022 $1.9M$2.3M−$401K$3.9M 990 PDF
FY2021 $2.1M$2.2M−$133K$5.1M 990 PDF
FY2020 Viewing $1.8M$2.0M−$205K$4.5M 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 J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,756,836 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $647,417$97,500
I-9 Program service revenuePrior year $732,260$1,341,597
I-10 Investment incomePrior year $144,358$275,001
I-11 Other revenuePrior year $540,671$42,738
I-12 Total revenuePrior year $2,064,706$1,756,836
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $979,977$1,037,761
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,510,788$923,865
I-18 Total expensesPrior year $2,490,765$1,961,626
I-19 Revenue less expensesPrior year −$426,059−$204,790
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,756,836 across 9 lines filed
Lines not itemized here account for −$5,446 of total revenue; see the IRS return.
VIII-1d Related organizations$90,000
VIII-1f All other contributions, gifts and grants$7,500
VIII-1h Total contributions, gifts and grants$97,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,341,597$1,341,597
VIII-3 Investment incomeUnrelated business $114,125$114,125
VIII-5 RoyaltiesExcluded from tax $40,784$40,784
VIII-7 Net gain or loss on sales of assetsUnrelated business $160,876$160,876
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,400$7,400
VIII-12 Total revenueRelated to mission $1,343,551 · Unrelated business $275,001 · Excluded from tax $40,784$1,756,836
Part IX · Statement of functional expenses $1,961,626 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $216,774$216,774
IX-7 Other salaries and wagesPrograms $460,710 · Management $136,415$597,125
IX-8 Pension plan contributionsPrograms $13,366$13,366
IX-9 Other employee benefitsPrograms $123,750 · Management $27,608$151,358
IX-10 Payroll taxesPrograms $49,226 · Management $9,912$59,138
IX-11a Management feesPrograms $2,398$2,398
IX-11c Accounting feesPrograms $17,766$17,766
IX-11g Other fees for servicesPrograms $25,773 · Management $7,739$33,512
IX-12 Advertising and promotionPrograms $8,324 · Management $667$8,991
IX-13 Office expensesPrograms $57,864 · Management $5,885$63,749
IX-14 Information technologyPrograms $18,932 · Management $3,812$22,744
IX-16 OccupancyPrograms $45,059 · Management $9,072$54,131
IX-17 TravelPrograms $160,854 · Management $27,033$187,887
IX-22 Depreciation, depletion and amortizationPrograms $7,828 · Management $1,573$9,401
IX-23 InsurancePrograms $494,731$494,731
IX-24 Other expenses (24a–d)Programs $24,263 · Management $4,292$28,555
IX-25 Total functional expensesPrograms $1,727,618 · Management $234,008 · Fundraising $0$1,961,626
Part X · Balance sheet $6,090,455 assets, 17 lines filed
Asset lines not itemized here account for $1,190; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $20,547$72,236
X-2 Savings and temporary cash investmentsStart of year $161,244$461,737
X-4 Accounts receivableStart of year $180,304$234,519
X-8 Inventories for sale or useStart of year $57,774$48,213
X-9 Prepaid expenses and deferred chargesStart of year $16,099$170,323
X-10c Land, buildings and equipment, netStart of year $45,309$35,909
X-11 Publicly traded securitiesStart of year $5,494,934$4,848,690
X-15 Other assetsStart of year $218,960$217,638
X-16 Total assetsStart of year $6,202,638$6,090,455
X-17 Accounts payable and accrued expensesStart of year $1,028,505$124,799
X-19 Deferred revenue$416,203
X-24 Unsecured notes and loans payable$150,000
X-25 Other liabilitiesStart of year $328,877$884,732
X-26 Total liabilitiesStart of year $1,357,382$1,575,734
X-27 Net assets without donor restrictionsStart of year $4,845,256$4,514,721
X-32 Total net assets or fund balancesStart of year $4,845,256$4,514,721
X-33 Total liabilities and net assetsStart of year $6,202,638$6,090,455
Part XI · Reconciliation of net assets $4,514,721 net assets at year end
XI-1 Total revenue$1,756,836
XI-2 Total expenses$1,961,626
XI-3 Revenue less expenses−$204,790
XI-4 Net assets at start of year$4,845,256
XI-5 Net unrealized gains (losses) on investments−$188,158
XI-8 Prior period adjustments$62,413
XI-10 Net assets at end of year$4,514,721

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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