Phi Gamma Delta Fraternity FY2022 filing

Not tax-deductible

Norman, OK501(c)(7)Since 1916EIN 73-0589443

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Undergraduate chapter of national fraternity.

$45K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · 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
1 of 4
filings with a surplus
Average deficit $27K a year · 3% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
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
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$913K
+16% vs prior year
Spent
$892K
To programs
0%
Net assets
$29K
By yearFY2021–FY2024
Revenue
$913K
FY2022▲ +16%
Revenue by fiscal year
FY2021$785K
FY2022$913K
FY2023$742K
FY2024$809K
FY2024$1.1M
Expenses
$892K
FY2022▲ +11%
Expenses by fiscal year
FY2021$802K
FY2022$892K
FY2023$766K
FY2024$898K
FY2024$1.1M
Net assets
$29K
FY2022▲ +119%
Net assets by fiscal year
FY2021$13K
FY2022$29K
FY2023$5K
FY2024$51K
FY2024$81K

From the FY2022 Form 990 (year ending July 2022) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 Mar 1950.

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

Who runs it and what they're paid

6 people listed on the 990; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
House Manager
$45,000Pt VII · Sec A
Bca President
$0Pt VII · Sec A
Bca House Manager
$0Pt VII · Sec A
Volunteer Legal Liason
$0Pt VII · Sec A
Volunteer Legal Liaison
$0Pt VII · Sec A
Volunteer Recruitment Liason
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021
Lisa Debolt$48,500$49,500$45,000$45,000$45,000

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 Fraternity 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

Supports student leadership and brotherhood through fraternity activities.

Provided by the organization

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3 programs · in their own filed words · FY2021
01

House Management

Provide meals and housing for approximately 150 members of undergraduate national fraternity.

Pt IX · col B
02

Chapter Activities

Provide membership activities to approximately 150 undergraduate members.

Pt IX · col B
03

Chapter Membership

Provide membership services to 150 undergraduate members.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$913K
Ln 12
Fees for servicesLn 2g$885K
Gifts and grantsLn 1h$28K
Money outPt IX
$892K
Ln 25
Owns and owesPt X
$29K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$885K
Total revenueLn 12$913K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
Net assetsLn 32$29K
OperationsPt I, VI
EmployeesI 53
VolunteersI 65
Fiscal year endsHeaderJuly
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 FY22End FY22
Cash and savingsLn 1–2$13K$29K
Total assetsLn 16$13K$29K
LiabilitiesLn 26$0$0
Net assetsLn 32$13K$29K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$62K
Payroll taxesLn 10$24K
Accounting feesLn 11c$2K
Office expensesLn 13$860
OccupancyLn 16$305K
Payments to affiliatesLn 21$144K
Other expenses (24a–d)Ln 24$353K
Total functional expensesLn 25$892K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $809K$898K−$89K$51K 990 PDF
FY2023 $742K$766K−$24K$5K 990 PDF
FY2022 Viewing $913K$892K$22K$29K 990 PDF
FY2021 $785K$802K−$17K$13K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $913,394 across 10 lines filed
Lines not itemized here account for $885,148 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$28,246
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$28,246
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $885,148 · Unrelated business $0 · Excluded from tax $0$913,394
Part IX · Statement of functional expenses $891,823 across 7 lines filed
IX-5 Pay of current officers, directors and key staff$62,116
IX-10 Payroll taxes$24,246
IX-11c Accounting fees$1,800
IX-13 Office expenses$860
IX-16 Occupancy$305,296
IX-21 Payments to affiliates$144,237
IX-24 Other expenses (24a–d)$353,268
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$891,823
Part X · Balance sheet $28,945 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $13,217$28,945
X-16 Total assetsStart of year $13,217$28,945
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $13,217$28,945
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $13,217$28,945
X-33 Total liabilities and net assetsStart of year $13,217$28,945
Part XI · Reconciliation of net assets $28,945 net assets at year end
XI-1 Total revenue$913,394
XI-2 Total expenses$891,823
XI-3 Revenue less expenses$21,571
XI-4 Net assets at start of year$13,217
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$5,843
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$28,945

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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