Alpha Gamma Rho Lambda Chapter Educational Foundation FY2022 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, FY2022. 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.
56¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
56%
of spending
56% of spending went to programs.
Pt IX · Ln 25 · col B
5.9 mo
of spending, in cash
Plus $740K in investments, Pt X · Ln 11–13
5.9 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
$5K
0.5% of total assets
Liabilities are 0.5% 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
$356K
+221% vs prior year
Spent
$182K
To programs
56%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$356K
FY2022▲ +221%
Tap a bar for its year
Revenue by fiscal year
FY2020$98K
FY2021$111K
FY2022$356K
FY2023$219K
FY2024$281K
Expenses
$182K
FY2022▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$152K
FY2021$135K
FY2022$182K
FY2023$145K
FY2024$136K
Net assets
$1.0M
FY2022▲ +3%
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 FY2022 Form 990 · see the original

You’re viewing the FY2022 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

56 cents of each dollar spent went to programs.

Program services 56% · $102K Management & general 3% · $5K Fundraising 41% · $75K

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
President
$0Pt VII · Sec A
$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 · $102K · in their own filed words · FY2022
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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1382138) · Dispute this line
$75Kprogram 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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1382138) · Dispute this line
$27Kprogram 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, FY2022. 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$356K
Ln 12
Gifts and grantsLn 1h$332K
Investment incomeLn 3$23K
Money outPt IX
$182K
Ln 25
Programscol B$102K
Managementcol C$5K
Fundraisingcol D$75K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$89K
Total assetsLn 16$1.0M
LiabilitiesLn 26$5K
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$332K
Investment incomeLn 3$23K
Gains on assetsLn 7$6K
Total revenueLn 12$356K
Assets in detailPt X, end of year
CashLn 1$89K
Cash and savings togetherLn 1–2$89K
Notes and loans receivableLn 7$185K
InvestmentsLn 11–13$740K
Total assetsLn 16$1.0M
LiabilitiesLn 26$5K
Net assetsLn 32$1.0M
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 FY22End FY22
Cash and savingsLn 1–2$18K$89K
InvestmentsLn 11–13$882K$740K
Total assetsLn 16$985K$1.0M
LiabilitiesLn 26$5K$5K
Net assetsLn 32$980K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
Grants to domestic individualsLn 2$27K$27K
Accounting feesLn 11c$2K$2K
Professional fundraising feesLn 11e$75K$75K
Advertising and promotionLn 12$590$590
Office expensesLn 13$3K$3K
Total functional expensesLn 25$182K$102K$5K$75K

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
FY2022 ViewingFiled 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
FY2020Filed 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 FY2022 990
Part I · Summary $355,881 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $37,929$332,454
I-9 Program service revenue$0
I-10 Investment incomePrior year $72,945$23,427
I-11 Other revenue$0
I-12 Total revenuePrior year $110,874$355,881
I-13 Grants and similar amounts paidPrior year $82,141$101,814
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $46,627$75,074
I-17 Other expensesPrior year $6,554$4,996
I-18 Total expensesPrior year $135,322$181,884
I-19 Revenue less expensesPrior year −$24,448$173,997
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 $355,881 across 5 lines filed
VIII-1f All other contributions, gifts and grants$332,454
VIII-1h Total contributions, gifts and grants$332,454
VIII-3 Investment incomeExcluded from tax $17,003$17,003
VIII-7 Net gain or loss on sales of assetsRelated to mission −$5,861 · Excluded from tax $12,285$6,424
VIII-12 Total revenueRelated to mission −$5,861 · Excluded from tax $29,288$355,881
Part IX · Statement of functional expenses $181,884 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $75,000$75,000
IX-2 Grants to domestic individualsPrograms $26,814$26,814
IX-11c Accounting feesManagement $1,885$1,885
IX-11e Professional fundraising feesFundraising $75,074$75,074
IX-12 Advertising and promotionManagement $590$590
IX-13 Office expensesManagement $2,521$2,521
IX-25 Total functional expensesPrograms $101,814 · Management $4,996 · Fundraising $75,074$181,884
Part X · Balance sheet $1,014,172 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $18,064$88,934
X-7 Notes and loans receivableStart of year $85,000$185,000
X-11 Publicly traded securitiesStart of year $881,851$740,238
X-16 Total assetsStart of year $984,915$1,014,172
X-17 Accounts payable and accrued expensesStart of year $3,000$3,300
X-25 Other liabilitiesStart of year $2,150$2,150
X-26 Total liabilitiesStart of year $5,150$5,450
X-31 Retained earnings or endowmentStart of year $979,765$1,008,722
X-32 Total net assets or fund balancesStart of year $979,765$1,008,722
X-33 Total liabilities and net assetsStart of year $984,915$1,014,172
Part XI · Reconciliation of net assets $1,008,722 net assets at year end
XI-1 Total revenue$355,881
XI-2 Total expenses$181,884
XI-3 Revenue less expenses$173,997
XI-4 Net assets at start of year$979,765
XI-5 Net unrealized gains (losses) on investments−$145,040
XI-10 Net assets at end of year$1,008,722

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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