Phi Gamma Delta Educational Foundation FY2023 filing

Tax-deductible

Lexington, KY501(c)(3)Since 1945EIN 52-6036185

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To provide Educational support and services for college students

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$178K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
5 of 5
filings with a surplus
Average surplus $1.9M a year · 44% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$178K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$358K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
+28% vs prior year
Spent
$2.7M
To programs
74%
Net assets
$25.9M
By yearFY2021–FY2025
Revenue
$3.9M
FY2023▲ +28%
Revenue by fiscal year
FY2021$4.2M
FY2022$3.0M
FY2023$3.9M
FY2024$4.2M
FY2025$6.6M
Expenses
$2.7M
FY2023▲ +21%
Expenses by fiscal year
FY2021$2.2M
FY2022$2.2M
FY2023$2.7M
FY2024$2.5M
FY2025$2.8M
Net assets
$25.9M
FY2023▲ +11%
Net assets by fiscal year
FY2021$27.7M
FY2022$23.4M
FY2023$25.9M
FY2024$29.4M
FY2025$33.6M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Jun 1953.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $2.0M Management & general 16% · $435K Fundraising 9% · $250K

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

13 people listed on the 990; $178K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$177,904Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Finance Committee Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Benjamin E Robinson$194,172$185,096$177,904$169,893$152,044

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.

See Phi Gamma Delta Educational Foundation 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 15aYes

Programs and updates

Offers college students academic help and resources to succeed.

Provided by the organization

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2 programs · $2.0M · in their own filed words · FY2022
01

Educational grants and related expenses

$1.4Mprogram expense
02

Undergraduate and aaa scholarships

$565Kprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 52 grants · $7.8M · 2020–2024
Phi Gamma Delta FraternityKY · FY2024$647,060
Unitemized GrantFY2024$609,386
Mu Upsilon AssociationOH · FY2024$96,225
Lambda CorporationMO · FY2024$31,000
Unitemized GrantFY2023$677,038
Phi Gamma Delta FraternityKY · FY2023$676,649
Lambda CorporationMO · FY2023$114,300
F A Morse Association INCMA · FY2023$8,700
See all 52 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$887K
Other incomeLn 4–11$70K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.0M
Managementcol C$435K
Fundraisingcol D$250K
Owns and owesPt X
$25.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$26.3M
LiabilitiesLn 26$358K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Noncash giftsLn 1g$123K
Investment incomeLn 3$887K
Other incomeLn 4–11$70K
Gains on assetsLn 7−$3K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$24.7M
Land, buildings, equipmentLn 10c$130K
Other assetsLn 15$11K
Total assetsLn 16$26.3M
LiabilitiesLn 26$358K
Net assetsLn 32$25.9M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$1.2M$1.4M
InvestmentsLn 11–13$22.4M$24.7M
Land, buildings, equipmentLn 10c$130K$130K
Total assetsLn 16$23.7M$26.3M
LiabilitiesLn 26$336K$358K
Net assetsLn 32$23.4M$25.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Grants to domestic individualsLn 2$565K$565K
Other salaries and wagesLn 7$289K$87K$115K$87K
Pension plan contributionsLn 8$22K$7K$7K$7K
Other employee benefitsLn 9$27K$9K$9K$9K
Payroll taxesLn 10$20K$7K$7K$7K
Investment management feesLn 11f$55K$55K
Other fees for servicesLn 11g$134K$7K$122K$5K
Office expensesLn 13$2K$747$498$1K
Information technologyLn 14$39K$39K
OccupancyLn 16$41K$14K$14K$14K
TravelLn 17$29K$10K$10K$9K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$163K$63K$9K$92K
All other expensesLn 24e$57K$22$38K$20K
Total functional expensesLn 25$2.7M$2.0M$435K$250K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.6M$2.8M$3.8M$33.6M 990 PDF
FY2024 $4.2M$2.5M$1.7M$29.4M 990 PDF
FY2023 Viewing $3.9M$2.7M$1.2M$25.9M 990 PDF
FY2022 $3.0M$2.2M$810K$23.4M 990 PDF
FY2021 $4.2M$2.2M$2.0M$27.7M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $3,880,356 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,923,502
VIII-1g Noncash contributions (included above)$123,055
VIII-1h Total contributions, gifts and grants$2,923,502
VIII-3 Investment incomeExcluded from tax $890,700$890,700
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,497−$3,497
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $69,651$69,651
VIII-12 Total revenueRelated to mission $69,651 · Unrelated business $0 · Excluded from tax $887,203$3,880,356
Part IX · Statement of functional expenses $2,677,299 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,223,154$1,223,154
IX-2 Grants to domestic individualsPrograms $564,851$564,851
IX-7 Other salaries and wagesPrograms $86,558 · Management $115,410 · Fundraising $86,558$288,526
IX-8 Pension plan contributionsPrograms $7,336 · Management $7,120 · Fundraising $7,120$21,576
IX-9 Other employee benefitsPrograms $9,164 · Management $8,894 · Fundraising $8,894$26,952
IX-10 Payroll taxesPrograms $6,727 · Management $6,529 · Fundraising $6,529$19,785
IX-11f Investment management feesManagement $55,274$55,274
IX-11g Other fees for servicesPrograms $7,040 · Management $122,007 · Fundraising $5,264$134,311
IX-13 Office expensesPrograms $747 · Management $498 · Fundraising $1,246$2,491
IX-14 Information technologyManagement $38,885$38,885
IX-16 OccupancyPrograms $13,998 · Management $13,587 · Fundraising $13,587$41,172
IX-17 TravelPrograms $9,637 · Management $9,500 · Fundraising $9,426$28,563
IX-23 InsuranceManagement $11,258$11,258
IX-24 Other expenses (24a–d)Programs $62,813 · Management $8,521 · Fundraising $91,674$163,008
IX-24e All other expensesPrograms $22 · Management $37,622 · Fundraising $19,849$57,493
IX-25 Total functional expensesPrograms $1,992,047 · Management $435,105 · Fundraising $250,147$2,677,299
Part X · Balance sheet $26,268,904 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,153,019$1,425,507
X-9 Prepaid expenses and deferred chargesStart of year $23,598$21,698
X-10c Land, buildings and equipment, netStart of year $130,000$130,000
X-11 Publicly traded securitiesStart of year $20,806,488$23,247,202
X-12 Other securitiesStart of year $1,571,123$1,433,597
X-15 Other assetsStart of year $10,900$10,900
X-16 Total assetsStart of year $23,695,128$26,268,904
X-17 Accounts payable and accrued expensesStart of year $132,872$155,772
X-25 Other liabilitiesStart of year $203,049$202,697
X-26 Total liabilitiesStart of year $335,921$358,469
X-27 Net assets without donor restrictionsStart of year $7,632,559$9,066,120
X-28 Net assets with donor restrictionsStart of year $15,726,648$16,844,315
X-32 Total net assets or fund balancesStart of year $23,359,207$25,910,435
X-33 Total liabilities and net assetsStart of year $23,695,128$26,268,904
Part XI · Reconciliation of net assets $25,910,435 net assets at year end
XI-1 Total revenue$3,880,356
XI-2 Total expenses$2,677,299
XI-3 Revenue less expenses$1,203,057
XI-4 Net assets at start of year$23,359,207
XI-5 Net unrealized gains (losses) on investments$1,433,606
XI-9 Other changes in net assets−$85,435
XI-10 Net assets at end of year$25,910,435

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

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