Alpha Gamma Rho Lambda Chapter Educational Foundation FY2020 filing

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Providing support for Alpha Gamma Rho - Lambda fraternity at the university of minnesota, twin city campus.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1382138) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $63K a year · 30% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
87% of spending went to programs.
Pt IX · Ln 25 · col B
2.8 mo
of spending, in cash
Plus $730K in investments, Pt X · Ln 11–13
2.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$198K
17% of total assets
Liabilities are 17% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$98K
Spent
$152K
To programs
87%
Net assets
$953K
By yearFY2020–FY2024
Revenue
$98K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$98K
FY2021$111K
FY2022$356K
FY2023$219K
FY2024$281K
Expenses
$152K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$152K
FY2021$135K
FY2022$182K
FY2023$145K
FY2024$136K
Net assets
$953K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$953K
FY2021$980K
FY2022$1.0M
FY2023$1.2M
FY2024$1.4M

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1980.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $132K Management & general 9% · $14K Fundraising 4% · $6K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Alpha Gamma Rho Lambda Chapter Educational Foundation executive salaries →

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

Supports the Alpha Gamma Rho fraternity at the University of Minnesota.

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3 programs · $132K · in their own filed words · FY2020
01

To grant funding for the construction of student housing for student members of alpha gamma rho collegiate chapter.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1382138) · Dispute this line
$112Kprogram expense
02

To grant scholarships to students who are members of alpha gamma rho to assist them in achieving their educational goals. In 2016, scholarships were awarded to 43 student members.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1382138) · Dispute this line
$20Kprogram expense
03

To grant awards to student members of alpha gamma rho in recognition of leadership. In 2018, leadership awards were granted to 16 students.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1382138) · Dispute this line
Pt IX · Ln 25 · 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 · FY2022
Total grants receivedfrom 1 funder$25K
Grants paid · 10 grants · $560K · 2020–2024
Lambda Alumni CorporationMN · FY2024$100,000
Unitemized GrantFY2024$24,114
Lambda Alumni CorporationMN · FY2023$100,000
Unitemized GrantFY2023$22,955
Lambda Alumni CorporationMN · FY2022$75,000
Unitemized GrantFY2022$26,814
Lambda Alumni CorporationMN · FY2021$59,938
Unitemized GrantFY2021$22,203
Lambda Alumni CorporationMN · FY2020$109,378
Unitemized GrantFY2020$20,083

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$98K
Ln 12
Investment incomeLn 3$78K
Gifts and grantsLn 1h$19K
Money outPt IX
$152K
Ln 25
Programscol B$132K
Managementcol C$14K
Fundraisingcol D$6K
Owns and owesPt X
$953K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$1.2M
LiabilitiesLn 26$198K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19K
Investment incomeLn 3$78K
Gains on assetsLn 7$44K
Total revenueLn 12$98K
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
Notes and loans receivableLn 7$385K
InvestmentsLn 11–13$730K
Total assetsLn 16$1.2M
LiabilitiesLn 26$198K
Net assetsLn 32$953K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY20End FY20
Cash and savingsLn 1–2$27K$36K
InvestmentsLn 11–13$648K$730K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$192K$198K
Net assetsLn 32$978K$953K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$112K$112K
Grants to domestic individualsLn 2$20K$20K
Accounting feesLn 11c$2K$2K
Professional fundraising feesLn 11e$6K$6K
Office expensesLn 13$3K$3K
InterestLn 20$9K$9K
Total functional expensesLn 25$152K$132K$14K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 11, 2025 $281K$136K$145K$1.4M 990 PDF
FY2023Filed with the IRS Nov 5, 2024 $219K$145K$74K$1.2M 990 PDF
FY2022Filed with the IRS Nov 10, 2023 $356K$182K$174K$1.0M 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $111K$135K−$24K$980K 990 PDF
FY2020 ViewingFiled with the IRS Nov 11, 2021 $98K$152K−$54K$953K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $97,730 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,435$19,248
I-9 Program service revenue$0
I-10 Investment incomePrior year $91,720$78,482
I-11 Other revenue$0
I-12 Total revenuePrior year $103,155$97,730
I-13 Grants and similar amounts paidPrior year $110,258$131,816
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $200$6,000
I-17 Other expensesPrior year $12,506$14,102
I-18 Total expensesPrior year $122,964$151,918
I-19 Revenue less expensesPrior year −$19,809−$54,188
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $97,730 across 5 lines filed
VIII-1f All other contributions, gifts and grants$19,248
VIII-1h Total contributions, gifts and grants$19,248
VIII-3 Investment incomeExcluded from tax $34,153$34,153
VIII-7 Net gain or loss on sales of assetsRelated to mission $32,562 · Excluded from tax $11,767$44,329
VIII-12 Total revenueRelated to mission $32,562 · Excluded from tax $45,920$97,730
Part IX · Statement of functional expenses $151,918 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $111,733$111,733
IX-2 Grants to domestic individualsPrograms $20,083$20,083
IX-11c Accounting feesManagement $2,308$2,308
IX-11e Professional fundraising feesFundraising $6,000$6,000
IX-13 Office expensesManagement $2,650$2,650
IX-20 InterestManagement $9,144$9,144
IX-25 Total functional expensesPrograms $131,816 · Management $14,102 · Fundraising $6,000$151,918
Part X · Balance sheet $1,150,931 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $26,655$35,660
X-7 Notes and loans receivableStart of year $448,429$385,088
X-11 Publicly traded securitiesStart of year $647,953$730,183
X-16 Total assetsStart of year $1,170,731$1,150,931
X-17 Accounts payable and accrued expensesStart of year $3,075$2,700
X-24 Unsecured notes and loans payableStart of year $189,301$193,356
X-25 Other liabilities$1,900
X-26 Total liabilitiesStart of year $192,376$197,956
X-31 Retained earnings or endowmentStart of year $978,355$952,975
X-32 Total net assets or fund balancesStart of year $978,355$952,975
X-33 Total liabilities and net assetsStart of year $1,170,731$1,150,931
Part XI · Reconciliation of net assets $952,975 net assets at year end
XI-1 Total revenue$97,730
XI-2 Total expenses$151,918
XI-3 Revenue less expenses−$54,188
XI-4 Net assets at start of year$978,355
XI-5 Net unrealized gains (losses) on investments$28,808
XI-10 Net assets at end of year$952,975

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

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