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Gamma Alpha Educational Foundation FY2023 filing

Tax-deductible

Los Angeles, CA501(c)(3)EducationEIN 93-6031752

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The organization distributes college scholarships from the invested funds to students who meet certain criteria.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · 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)(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
2 of 5
filings with a surplus
Average deficit $2K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
84 mo
of spending, in cash
Looks good: 83.5 months of spending in cash; 3 or more.
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
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$63K
+85% vs prior year
Spent
$38K
To programs
100%
Net assets
$459K
By yearFY2021–FY2025
Revenue
$63K
FY2023▲ +85%
Revenue by fiscal year
FY2021$12K
FY2022$34K
FY2023$63K
FY2024$39K
FY2025$18K
Expenses
$38K
FY2023▼ -0.7%
Expenses by fiscal year
FY2021$28K
FY2022$38K
FY2023$38K
FY2024$35K
FY2025$37K
Net assets
$459K
FY2023▲ +6%
Net assets by fiscal year
FY2021$438K
FY2022$434K
FY2023$459K
FY2024$464K
FY2025$445K

From the FY2023 Form 990 (year ending August 2023) · 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 Apr 2016.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $38K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Scott Gray
Treasurer
$0Pt VII · Sec A
John Runyan
Vice President
$0Pt VII · Sec A
Jeff Chase
President
$0Pt VII · Sec A
See Gamma Alpha 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 15aNo

Programs and updates

Awards college scholarships to deserving students.

Provided by the organization

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1 program service account for $38K of program spending, described in the organization's own filed words · FY2022.
01

Accumulated funds are invested and used to provide scholarships to kappa sigma fraternity members.

$38Kprogram expense

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By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$63K
Ln 12
Investment incomeLn 3$49K
Gifts and grantsLn 1h$14K
Money outPt IX
$38K
Ln 25
Programscol B$38K
Owns and owesPt X
$459K
net assets · Ln 32
Cash and savingsLn 1–2$262K
Total assetsLn 16$459K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Investment incomeLn 3$49K
Gains on assetsLn 7$37K
Total revenueLn 12$63K
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$250K
Cash and savings togetherLn 1–2$262K
InvestmentsLn 11–13$198K
Total assetsLn 16$459K
LiabilitiesLn 26$0
Net assetsLn 32$459K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
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$188K$262K
InvestmentsLn 11–13$246K$198K
Total assetsLn 16$434K$459K
LiabilitiesLn 26$0$0
Net assetsLn 32$434K$459K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$27K$27K
Legal feesLn 11b$39$39
Accounting feesLn 11c$700$700
Investment management feesLn 11f$3K$3K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$38K$38K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $18K$37K−$19K$445K 990 PDF
FY2024 $39K$35K$4K$464K 990 PDF
FY2023 Viewing $63K$38K$25K$459K 990 PDF
FY2022 $34K$38K−$4K$434K 990 PDF
FY2021 $12K$28K−$16K$438K 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 $62,691 across 5 lines filed
VIII-1f All other contributions, gifts and grants$13,919
VIII-1h Total contributions, gifts and grants$13,919
VIII-3 Investment incomeRelated to mission $12,203$12,203
VIII-7 Net gain or loss on sales of assetsRelated to mission $36,569$36,569
VIII-12 Total revenueRelated to mission $48,772 · Unrelated business $0 · Excluded from tax $0$62,691
Part IX · Statement of functional expenses $37,591 across 6 lines filed
IX-4 Benefits paid to or for membersPrograms $27,450$27,450
IX-11b Legal feesPrograms $39$39
IX-11c Accounting feesPrograms $700$700
IX-11f Investment management feesPrograms $2,894$2,894
IX-23 InsurancePrograms $1,250$1,250
IX-24 Other expenses (24a–d)Programs $5,258$5,258
IX-25 Total functional expensesPrograms $37,591 · Management $0 · Fundraising $0$37,591
Part X · Balance sheet $459,257 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $2,420$11,641
X-2 Savings and temporary cash investmentsStart of year $185,322$250,035
X-11 Publicly traded securitiesStart of year $246,416$197,581
X-16 Total assetsStart of year $434,158$459,257
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $434,158$459,257
X-33 Total liabilities and net assetsStart of year $434,158$459,257
Part XI · Reconciliation of net assets $459,257 net assets at year end
XI-1 Total revenue$62,691
XI-2 Total expenses$37,591
XI-3 Revenue less expenses$25,100
XI-4 Net assets at start of year$434,158
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$459,257

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

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