Phi Gamma Delta Fraternity Lambda Nu Chapter: FY2023 Nonprofit Profile & Form 990 (EIN 47-0269340)

Revenue by fiscal year
FY2020	$537K
FY2021	$401K
FY2022	−$26K
FY2023	$8
FY2024	−$7K
FY2025	$16

Expenses by fiscal year
FY2020	$435K
FY2021	$447K
FY2022	$40K
FY2023	$62K
FY2024	$56K
FY2025	$82K

Net assets by fiscal year
FY2020	−$57K
FY2021	−$103K
FY2022	−$169K
FY2023	−$231K
FY2024	−$295K
FY2025	−$377K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $62K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

John D Osterholm

Grad Board President

$0Pt VII · Sec A

See Phi Gamma Delta Fraternity Lambda Nu Chapter 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing for members and pledges of the Lambda Nu chapter of Phi Gamma Delta Fraternity.

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Provided by the organization

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3 programs · $7K · in their own filed words · FY2022

01

Provide recuriting and social events to promote the fraternity and provide experiences for members.

$7Kprogram expense

02

Provide housing that promotes an educational environment.

Pt IX · col B

03

Provide financial support for members.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

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1The main four

Money inPt VIII

$8

Ln 12

Investment incomeLn 3$8

Money outPt IX

$62K

Ln 25

Programscol B$62K

Owns and owesPt X

−$231K

net assets · Ln 32

Cash and savingsLn 1–2$3K

Total assetsLn 16$3K

LiabilitiesLn 26$234K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$8

Total revenueLn 12$8

Assets in detailPt X, end of year

CashLn 1$2K

SavingsLn 2$1K

Cash and savings togetherLn 1–2$3K

Total assetsLn 16$3K

LiabilitiesLn 26$234K

Net assetsLn 32−$231K

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$3K	$3K
Total assetsLn 16	$3K	$3K
LiabilitiesLn 26	$172K	$234K
Net assetsLn 32	−$169K	−$231K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs
OccupancyLn 16	$51K	$51K
Other expenses (24a–d)Ln 24	$9K	$9K
All other expensesLn 24e	$2K	$2K
Total functional expensesLn 25	$62K	$62K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$16	$82K	−$82K	−$377K	990 PDF
FY2024	−$7K	$56K	−$64K	−$295K	990 PDF
FY2023 Viewing	$8	$62K	−$62K	−$231K	990 PDF
FY2022	−$26K	$40K	−$67K	−$169K	990 PDF
FY2021	$401K	$447K	−$46K	−$103K	990 PDF
FY2020	$537K	$435K	$102K	−$57K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $8 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $18,318$0

I-9 Program service revenue$0

I-10 Investment incomePrior year $1$8

I-11 Other revenuePrior year −$44,660$0

I-12 Total revenuePrior year −$26,341$8

I-13 Grants and similar amounts paidPrior year $2,500$0

I-14 Benefits paid to membersPrior year $13,098$0

I-15 Salaries and benefitsPrior year $13,142$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $11,454$62,083

I-18 Total expensesPrior year $40,194$62,083

I-19 Revenue less expensesPrior year −$66,535−$62,075

Part VI · Governance 6 of 6 board members independent, 5 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-2 Family or business relationship among officers or directorsYes

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

Part VIII · Statement of revenue $8 across 2 lines filed

VIII-3 Investment incomeExcluded from tax $8$8

VIII-12 Total revenueExcluded from tax $8$8

Part IX · Statement of functional expenses $62,083 across 3 lines filed

IX-16 OccupancyPrograms $51,140$51,140

IX-24 Other expenses (24a–d)Programs $9,161$9,161

IX-24e All other expensesPrograms $1,782$1,782

IX-25 Total functional expensesPrograms $62,083$62,083

Part X · Balance sheet $3,031 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $1,290$1,757

X-2 Savings and temporary cash investmentsStart of year $1,266$1,274

X-16 Total assetsStart of year $2,556$3,031

X-17 Accounts payable and accrued expensesStart of year $171,654$234,204

X-26 Total liabilitiesStart of year $171,654$234,204

X-32 Total net assets or fund balancesStart of year −$169,098−$231,173

X-33 Total liabilities and net assetsStart of year $2,556$3,031

Part XI · Reconciliation of net assets −$231,173 net assets at year end

XI-1 Total revenue$8

XI-2 Total expenses$62,083

XI-3 Revenue less expenses−$62,075

XI-4 Net assets at start of year−$169,098

XI-10 Net assets at end of year−$231,173

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Phi Gamma Delta Fraternity Lambda Nu Chapter FY2023 filing

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