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Nonprofiteer
← ALPHA GAMMA RHO LAMBDA CHAPTER EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by ALPHA GAMMA RHO LAMBDA CHAPTER EDUCATIONAL FOUNDATION.

Totals

Total revenue
$219,178
Total expenses
$145,498
Contributions and grants received
$194,253
Grants paid
$122,955
Program service revenue
$0
Investment income
$24,925
Other revenue
$0
Total assets, end of year
$1,176,384
Total liabilities, end of year
$5,900
Net assets or fund balances, end of year
$1,170,484
Program services expenses (Part IX)
$122,955
Management and general expenses
$2,784
Fundraising expenses
$19,759
Program service expenses (Part III)
$122,955

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $194,253

  • 3 · Investment income

    total $30,964 · excluded $30,964

  • 7a · Gross sales of assets other than inventory

    securities $188,729 · other assets $11,316

  • 7b · Less cost or other basis and sales expenses

    securities $206,084

  • 7c · Gain or loss

    securities -$17,355 · other assets $11,316

  • 7d · Net gain or loss

    total -$6,039 · related or exempt -$17,355 · excluded $11,316

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 2 · Grants to domestic individuals

    total $22,955 · program services $22,955

  • 11c · Fees: accounting

    total $1,835 · management and general $1,835

  • 11e · Fees: professional fundraising services

    total $19,759 · fundraising $19,759

  • 13 · Office expenses

    total $949 · management and general $949

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $88,934 · end of year $98,889

  • 7 · Other notes and loans receivable

    beginning of year $185,000 · end of year $85,000

  • 11 · Investments: publicly traded securities

    beginning of year $740,238 · end of year $992,495

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,300 · end of year $3,750

  • 25 · Other liabilities

    beginning of year $2,150 · end of year $2,150

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,008,722 · end of year $1,170,484

Mission and programs · 2023

Mission

PROVIDING SUPPORT FOR ALPHA GAMMA RHO - LAMBDA FRATERNITY AT THE UNIVERSITY OF MINNESOTA, TWIN CITY CAMPUS.

  • TO GRANT SCHOLARSHIPS TO STUDENTS WHO ARE MEMBERS OF ALPHA GAMMA RHO TO ASSIST THEM IN ACHIEVING THEIR EDUCATIONAL GOALS. IN 2016, SCHOLARSHIPS WERE AWARDED TO 43 STUDENT MEMBERS.

    Expenses $22,955 · Grants $22,955

  • TO GRANT AWARDS TO STUDENT MEMBERS OF ALPHA GAMMA RHO IN RECOGNITION OF LEADERSHIP. IN 2018, LEADERSHIP AWARDS WERE GRANTED TO 16 STUDENTS.

  • TO GRANT FUNDING FOR THE CONSTRUCTION OF STUDENT HOUSING FOR STUDENT MEMBERS OF ALPHA GAMMA RHO COLLEGIATE CHAPTER.

    Expenses $100,000 · Grants $100,000

As filed on the 2023 return.

Listed in Part VII

  • Dylan Barth

    DIRECTOR

    Total calculated
    $0

  • Mark Behrends

    DIRECTOR

    Total calculated
    $0

  • Andrew D Clausen

    DIRECTOR

    Total calculated
    $0

  • Brian Dahms

    SECRETARY

    Total calculated
    $0

  • Mark D Vaupel

    PRESIDENT

    Total calculated
    $0

  • Clifford Vrieze

    DIRECTOR

    Total calculated
    $0

  • Keith E Wolf

    TREASURER

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.0
Source object
202423109349302087

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