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588 Gamma Phi Chapter

Not tax-deductible

Carmel, IN501(c)(7)EIN 56-6062748

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To provide women lifelong opportunities and support for social, intellectual, and spiritual development by bringing women together to positively impact our communities.

Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · 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
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
3 of 4
filings with a surplus
Average surplus $6K a year · 3% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$241K
-3% vs prior year
Spent
$261K
Net assets
$57K
By yearFY2021–FY2025
Revenue
$241K
FY2025▼ -3%
Revenue by fiscal year
FY2021$82K
FY2022$200K
FY2023$205K
FY2024$249K
FY2025$241K
Expenses
$261K
FY2025▲ +18%
Expenses by fiscal year
FY2021Not on file
FY2022$192K
FY2023$197K
FY2024$220K
FY2025$261K
Net assets
$57K
FY2025▼ -26%
Net assets by fiscal year
FY2021$32K
FY2022$40K
FY2023$47K
FY2024$76K
FY2025$57K

From the FY2025 Form 990 (year ending May 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1961.

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

Where the money goes

What each dollar paid for.

Fundraising 12% · $33K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Anna Gaynor
VP of Member Integrity
$0Pt VII · Sec A
Jenna Shore
VP of Finance
$0Pt VII · Sec A
Mary Bryant
VP of Recruitment
$0Pt VII · Sec A
Penelope Nelson
VP of Event Management
$0Pt VII · Sec A
Sarah Hollowell
VP of Panhellenic Relations
$0Pt VII · Sec A
Abbey Cutler
VP of Chapter Relations
$0Pt VII · Sec A
Kylie Neshat
VP of Philanthropy and Service
$0Pt VII · Sec A
See 588 Gamma Phi 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects women for lifelong growth and community impact through shared experiences and support.

Provided by the organization

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2 programs · in their own filed words · FY2024
01

Recruitment

Increase chapter membership through events held allowing potential new members to meet and interact with current members.

Pt IX · col B
02

Social

Formal and informal social events are held allowing members to connect.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $61K · 2021–2024
Sigma Kappa Foundation INCIN · FY2024$36,241
Sigma Kappa National Housing CorporationIN · FY2024$10,000
Sigma Kappa National Housing CorporationIN · FY2022$5,012
Sigma Kappa National Housing CorporationIN · FY2021$10,070

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$241K
Ln 12
Fees for servicesLn 2g$247K
Gifts and grantsLn 1h$33K
Money outPt IX
$261K
Ln 25
Fundraisingcol D$33K
Owns and owesPt X
$57K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$57K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Fundraising eventsLn 1c$33K
Fees for servicesLn 2g$247K
Total revenueLn 12$241K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Total assetsLn 16$57K
LiabilitiesLn 26$0
Net assetsLn 32$57K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderMay
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 FY25End FY25
Cash and savingsLn 1–2$74K$35K
Total assetsLn 16$76K$57K
LiabilitiesLn 26$0$0
Net assetsLn 32$76K$57K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$46K
Accounting feesLn 11c$1K
Office expensesLn 13$12K
Information technologyLn 14$7K
OccupancyLn 16$27K
TravelLn 17$732
Conferences, conventions and meetingsLn 19$8K
Payments to affiliatesLn 21$45K
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$101K
All other expensesLn 24e$6K
Total functional expensesLn 25$261K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $241K$261K−$20K$57K 990 PDF
FY2024 $249K$220K$29K$76K 990 PDF
FY2023 $205K$197K$8K$47K 990 PDF
FY2022 $200K$192K$8K$40K 990 PDF
FY2021 $82K$32K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $241,008 across 5 lines filed
VIII-1c Fundraising events$32,509
VIII-1h Total contributions, gifts and grants$32,509
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $246,915$246,915
VIII-8 Net income from fundraising eventsExcluded from tax −$38,416−$38,416
VIII-12 Total revenueRelated to mission $246,915 · Unrelated business $0 · Excluded from tax −$38,416$241,008
Part IX · Statement of functional expenses $260,674 across 11 lines filed
IX-1 Grants to domestic organizations$46,241
IX-11c Accounting fees$1,185
IX-13 Office expenses$11,733
IX-14 Information technology$6,528
IX-16 Occupancy$26,564
IX-17 Travel$732
IX-19 Conferences, conventions and meetings$7,532
IX-21 Payments to affiliates$45,083
IX-23 Insurance$7,719
IX-24 Other expenses (24a–d)$101,013
IX-24e All other expenses$6,344
IX-25 Total functional expenses$260,674
Part X · Balance sheet $56,604 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $73,507$35,064
X-9 Prepaid expenses and deferred chargesStart of year $2,763$21,540
X-16 Total assetsStart of year $76,270$56,604
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $76,270$56,604
X-32 Total net assets or fund balancesStart of year $76,270$56,604
X-33 Total liabilities and net assetsStart of year $76,270$56,604
Part XI · Reconciliation of net assets $56,604 net assets at year end
XI-1 Total revenue$241,008
XI-2 Total expenses$260,674
XI-3 Revenue less expenses−$19,666
XI-4 Net assets at start of year$76,270
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$56,604

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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