Gamma Phi Beta Sigma - Beta Sigma FY2020 filing

Centennial, COUnknown exempt organizationEIN 91-0626677

To recognize and encourage individual excellence in education; to promote the development of leadership ability and character in its members; to foster, disseminate, and improve education through appropriate community service projects.

95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $435K a year · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$907K
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$544K
Spent
$520K
To programs
95%
Net assets
$662K
By yearFY2020–FY2022
Revenue
$544K
FY2020
Revenue by fiscal year
FY2020$544K
FY2021$175K
FY2022−$909K
Expenses
$520K
FY2020
Expenses by fiscal year
FY2020$520K
FY2021$310K
FY2022$286K
Net assets
$662K
FY2020
Net assets by fiscal year
FY2020$662K
FY2021$526K
FY2022$0

From the FY2020 Form 990 (year ending July 2020) · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $495K Management & general 5% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
See Gamma Phi Beta Sigma - Beta Sigma 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

Recognizes and encourages educational excellence, develops leadership, and improves education through community service.

Provided by the organization

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1 program service account for $495K of program spending, described in the organization's own filed words · FY2019.
01

To provide room, board, social, and academic activities to local chapter of sorority, located on WSU Campus.

$495Kprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$544K
Ln 12
Fees for servicesLn 2g$544K
Investment incomeLn 3$175
Money outPt IX
$520K
Ln 25
Programscol B$495K
Managementcol C$25K
Owns and owesPt X
$662K
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$1.6M
LiabilitiesLn 26$907K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$544K
Investment incomeLn 3$175
Total revenueLn 12$544K
Assets in detailPt X, end of year
CashLn 1$108K
SavingsLn 2$56K
Cash and savings togetherLn 1–2$164K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$0
Total assetsLn 16$1.6M
LiabilitiesLn 26$907K
Net assetsLn 32$662K
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$118K$164K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$1.5M$1.6M
LiabilitiesLn 26$887K$907K
Net assetsLn 32$637K$662K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$46K$46K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$23K$23K
Office expensesLn 13$695$695
Information technologyLn 14$480$480
OccupancyLn 16$74K$74K
InterestLn 20$39K$39K
Depreciation, depletion and amortizationLn 22$47K$47K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$275K$275K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$520K$495K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest −$909K$286K−$1.2M$0 990 PDF
FY2021 $175K$310K−$135K$526K 990 PDF
FY2020 Viewing $544K$520K$24K$662K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $544,418 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $544,243$544,243
VIII-3 Investment incomeRelated to mission $175$175
VIII-12 Total revenueRelated to mission $544,418 · Unrelated business $0 · Excluded from tax $0$544,418
Part IX · Statement of functional expenses $520,416 across 12 lines filed
IX-7 Other salaries and wagesPrograms $45,960$45,960
IX-10 Payroll taxesPrograms $3,249$3,249
IX-11b Legal feesManagement $1,225$1,225
IX-11c Accounting feesManagement $23,215$23,215
IX-13 Office expensesPrograms $695$695
IX-14 Information technologyManagement $480$480
IX-16 OccupancyPrograms $73,769$73,769
IX-20 InterestPrograms $38,744$38,744
IX-22 Depreciation, depletion and amortizationPrograms $46,570$46,570
IX-23 InsurancePrograms $8,556$8,556
IX-24 Other expenses (24a–d)Programs $275,476$275,476
IX-24e All other expensesPrograms $2,477$2,477
IX-25 Total functional expensesPrograms $495,496 · Management $24,920 · Fundraising $0$520,416
Part X · Balance sheet $1,568,670 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $25,637$108,138
X-2 Savings and temporary cash investmentsStart of year $92,556$56,198
X-4 Accounts receivableStart of year $83,303$134,022
X-10c Land, buildings and equipment, netStart of year $1,316,882$1,270,312
X-15 Other assetsStart of year $6,273$0
X-16 Total assetsStart of year $1,524,651$1,568,670
X-19 Deferred revenueStart of year $91,903$134,022
X-25 Other liabilitiesStart of year $266$2,586
X-26 Total liabilitiesStart of year $887,153$907,170
X-32 Total net assets or fund balancesStart of year $637,498$661,500
X-33 Total liabilities and net assetsStart of year $1,524,651$1,568,670
Part XI · Reconciliation of net assets $661,500 net assets at year end
XI-1 Total revenue$544,418
XI-2 Total expenses$520,416
XI-3 Revenue less expenses$24,002
XI-4 Net assets at start of year$637,498
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$661,500

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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