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Gamma Trustees INC FY2023 filing

Not tax-deductible

Athens, GA501(c)(7)Since 1999Education EIN 58-6034908Revenue $295K in FY2023

On file with the IRS649 S Milledge Ave, 30605-5806 · Athens, GATax-exempt since Sep 2007

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501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
98¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
1 of 6
filings with a surplus
Average deficit $79K a year · 24% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.1M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$295K
-6% vs prior year
Spent
$437K
To programs
98%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$295K
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$298K
FY2021$300K
FY2022$314K
FY2023$295K
FY2024$338K
FY2025$459K
Expenses
$437K
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$392K
FY2021$409K
FY2022$401K
FY2023$437K
FY2024$416K
FY2025$425K
Net assets
$2.3M
FY2023▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.5M
FY2022$2.4M
FY2023$2.3M
FY2024$2.2M
FY2025$2.2M

From the FY2023 Form 990 · see the original

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 Sep 2007.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $429K Fundraising 2% · $7K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Joel L Harber
Board Member
$0Pt VII · Sec A
Fiske Hopkins
Board Member
$0Pt VII · Sec A
John E Dowlen JR
Board Member
$0Pt VII · Sec A
Davis Knox
Board Member
$0Pt VII · Sec A
Malcolm H Liles
Board Member
$0Pt VII · Sec A
Branford Thompson
Board Member
$0Pt VII · Sec A
Charles Hoke
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gamma Trustees INC 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

Gamma Trustees INC is a member-serving organization based in Athens, GA, formed in 1999.

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Provided by the organization

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1 program · $429K · in their own filed words · FY2023
01

Provide, equip, maintain and manage chapter quarters for the gamma chapter of kappa alpha order in order to promote the educational and cultural interest of members and to create in them good qualities of character

$429Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$295K
Ln 12
Fees for servicesLn 2g$294K
Gifts and grantsLn 1h$2K
Money outPt IX
$437K
Ln 25
Programscol B$429K
Fundraisingcol D$7K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$127K
Total assetsLn 16$4.4M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fees for servicesLn 2g$294K
Total revenueLn 12$295K
Assets in detailPt X, end of year
CashLn 1$127K
Cash and savings togetherLn 1–2$127K
Land, buildings, equipmentLn 10c$4.2M
Other assetsLn 15$1K
Total assetsLn 16$4.4M
LiabilitiesLn 26$2.1M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
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 FY23End FY23
Cash and savingsLn 1–2$186K$127K
Land, buildings, equipmentLn 10c$4.4M$4.2M
Total assetsLn 16$4.6M$4.4M
LiabilitiesLn 26$2.2M$2.1M
Net assetsLn 32$2.4M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$16K$16K
Accounting feesLn 11c$11K$11K
Professional fundraising feesLn 11e$7K$7K
Office expensesLn 13$670$670
InterestLn 20$97K$97K
Depreciation, depletion and amortizationLn 22$171K$171K
InsuranceLn 23$36K$36K
Other expenses (24a–d)Ln 24$95K$95K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$437K$429K$0$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $459K$425K$34K$2.2M 990 PDF
FY2024 $338K$416K−$78K$2.2M 990 PDF
FY2023 Viewing $295K$437K−$141K$2.3M 990 PDF
FY2022 $314K$401K−$87K$2.4M 990 PDF
FY2021 $300K$409K−$108K$2.5M 990 PDF
FY2020 $298K$392K−$94K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $295,485 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,130$1,725
I-9 Program service revenuePrior year $302,460$293,760
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $313,590$295,485
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $17,001$7,271
I-17 Other expensesPrior year $383,654$429,370
I-18 Total expensesPrior year $400,655$436,641
I-19 Revenue less expensesPrior year −$87,065−$141,156
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $295,485 across 4 lines filed
VIII-1a Federated campaigns$1,725
VIII-1h Total contributions, gifts and grants$1,725
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $293,760$293,760
VIII-12 Total revenueRelated to mission $293,760$295,485
Part IX · Statement of functional expenses $436,641 across 9 lines filed
IX-11a Management feesPrograms $16,200$16,200
IX-11c Accounting feesPrograms $11,300$11,300
IX-11e Professional fundraising feesFundraising $7,271$7,271
IX-13 Office expensesPrograms $670$670
IX-20 InterestPrograms $96,954$96,954
IX-22 Depreciation, depletion and amortizationPrograms $171,327$171,327
IX-23 InsurancePrograms $36,000$36,000
IX-24 Other expenses (24a–d)Programs $95,465$95,465
IX-24e All other expensesPrograms $1,454$1,454
IX-25 Total functional expensesPrograms $429,370 · Management $0 · Fundraising $7,271$436,641
Part X · Balance sheet $4,370,168 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $185,528$126,820
X-10c Land, buildings and equipment, netStart of year $4,388,779$4,224,241
X-14 Intangible assetsStart of year $22,495$18,107
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $4,597,802$4,370,168
X-26 Total liabilitiesStart of year $2,164,437$2,077,959
X-27 Net assets without donor restrictionsStart of year $2,433,365$2,292,209
X-32 Total net assets or fund balancesStart of year $2,433,365$2,292,209
X-33 Total liabilities and net assetsStart of year $4,597,802$4,370,168
Part XI · Reconciliation of net assets $2,292,209 net assets at year end
XI-1 Total revenue$295,485
XI-2 Total expenses$436,641
XI-3 Revenue less expenses−$141,156
XI-4 Net assets at start of year$2,433,365
XI-10 Net assets at end of year$2,292,209

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

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