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Gamma Theta Chapter Nebraska FY2020 filing

Not tax-deductible

Lincoln, NE501(c)(7)Since 1896EIN 47-0169613Revenue $579K in FY2020

On file with the IRS1433 R St, 68508-1269 · Lincoln, NETax-exempt since Jan 1941

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Supporting the alpha tau omega fraternity house.

Mission: Form 990 Part I, line 1

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $7K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
54% of total assets
Fine: liabilities are 54% 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
$579K
Spent
$535K
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$579K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$579K
FY2021$677K
FY2022$717K
FY2023$720K
FY2024$905K
FY2024$1.1M
Expenses
$535K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$535K
FY2021$610K
FY2022$867K
FY2023$783K
FY2024$839K
FY2024$1.1M
Net assets
$1.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2024$1.4M

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

Form 990 (PDF) Claim
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 Jan 1941.

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 (FY2019); the FY2020 filing did not itemize Part VII
Bob O'Neal
President
$0Pt VII · Sec A
Nathan Hagge
Treasurer
$0Pt VII · Sec A
Ken West
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gamma Theta Chapter Nebraska 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

Provides financial support for the Alpha Tau Omega fraternity house.

Provided by the organization

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1 program · in their own filed words · FY2019
01

Support for the Alpha Tau Omega Fraternity House.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$579K
Ln 12
Fees for servicesLn 2g$527K
Gifts and grantsLn 1h$46K
Investment incomeLn 3$4K
Money outPt IX
$535K
Ln 25
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Fees for servicesLn 2g$527K
Investment incomeLn 3$4K
Other incomeLn 4–11$2K
Total revenueLn 12$579K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
InvestmentsLn 11–13$435K
Land, buildings, equipmentLn 10c$2.6M
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.7M
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 52
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 FY20End FY20
Cash and savingsLn 1–2$58K$42K
InvestmentsLn 11–13$402K$435K
Land, buildings, equipmentLn 10c$2.6M$2.6M
Total assetsLn 16$3.1M$3.1M
LiabilitiesLn 26$1.7M$1.7M
Net assetsLn 32$1.4M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$18K
Payroll taxesLn 10$2K
Advertising and promotionLn 12$256
Office expensesLn 13$6K
TravelLn 17$925
InterestLn 20$96K
Depreciation, depletion and amortizationLn 22$77K
InsuranceLn 23$24K
Other expenses (24a–d)Ln 24$241K
All other expensesLn 24e$70K
Total functional expensesLn 25$535K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $905K$839K$66K$1.3M 990 PDF
FY2023 $720K$783K−$63K$1.3M 990 PDF
FY2022 $717K$867K−$150K$1.3M 990 PDF
FY2021 $677K$610K$68K$1.5M 990 PDF
FY2020 Viewing $579K$535K$44K$1.4M 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 FY2020 990 (6 parts)
Part I · Summary $579,073 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $148,930$45,920
I-9 Program service revenuePrior year $448,427$526,908
I-10 Investment incomePrior year $1,370$4,382
I-11 Other revenuePrior year $369$1,863
I-12 Total revenuePrior year $599,096$579,073
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,682$20,275
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $576,595$514,697
I-18 Total expensesPrior year $595,277$534,972
I-19 Revenue less expensesPrior year $3,819$44,101
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $579,073 across 6 lines filed
VIII-1f All other contributions, gifts and grants$45,920
VIII-1h Total contributions, gifts and grants$45,920
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $526,908$526,908
VIII-3 Investment incomeUnrelated business $4,382$4,382
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,863$1,863
VIII-12 Total revenueRelated to mission $528,771 · Unrelated business $4,382 · Excluded from tax $0$579,073
Part IX · Statement of functional expenses $534,972 across 10 lines filed
IX-7 Other salaries and wages$18,200
IX-10 Payroll taxes$2,075
IX-12 Advertising and promotion$256
IX-13 Office expenses$5,614
IX-17 Travel$925
IX-20 Interest$96,288
IX-22 Depreciation, depletion and amortization$76,556
IX-23 Insurance$24,272
IX-24 Other expenses (24a–d)$240,573
IX-24e All other expenses$70,213
IX-25 Total functional expenses$534,972
Part X · Balance sheet $3,064,831 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $57,931$42,060
X-10c Land, buildings and equipment, netStart of year $2,613,829$2,587,301
X-12 Other securitiesStart of year $401,822$435,470
X-16 Total assetsStart of year $3,073,582$3,064,831
X-25 Other liabilitiesStart of year $330$152
X-26 Total liabilitiesStart of year $1,721,901$1,669,049
X-32 Total net assets or fund balancesStart of year $1,351,681$1,395,782
X-33 Total liabilities and net assetsStart of year $3,073,582$3,064,831
Part XI · Reconciliation of net assets $1,395,782 net assets at year end
XI-1 Total revenue$579,073
XI-2 Total expenses$534,972
XI-3 Revenue less expenses$44,101
XI-4 Net assets at start of year$1,351,681
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,395,782

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

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