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Nonprofiteer
← ALPHA GAMMA RHO FRATERNITY

Form 990 for tax year 2023

Filed by ALPHA GAMMA RHO FRATERNITY.

Totals

Total revenue
$598,451
Total expenses
$647,407
Contributions and grants received
$198,426
Grants paid
$0
Program service revenue
$400,000
Investment income
$25
Other revenue
$0
Total assets, end of year
$4,648,234
Total liabilities, end of year
$2,342,262
Net assets or fund balances, end of year
$2,305,972
Program services expenses (Part IX)
$633,952
Management and general expenses
$13,455
Fundraising expenses
$0
Program service expenses (Part III)
$633,952

Program services were 97.9% 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.

  • 1b · Membership dues

    $170

  • 1d · Related organizations

    $50,000

  • 1f · All other contributions, gifts and grants

    $148,256

  • 2a · Program service revenue: CHAPTER HOUSE RENT

    total $400,000 · related or exempt $400,000

  • 3 · Investment income

    total $25 · related or exempt $25

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,250 · management and general $3,250

  • 11b · Fees: legal

    total $8,172 · management and general $8,172

  • 11c · Fees: accounting

    total $650 · management and general $650

  • 13 · Office expenses

    total $1,383 · management and general $1,383

  • 16 · Occupancy

    total $47,923 · program services $47,923

  • 19 · Conferences, conventions and meetings

    total $400 · program services $400

  • 20 · Interest

    total $147,088 · program services $147,088

  • 22 · Depreciation, depletion and amortization

    total $230,618 · program services $230,618

  • 23 · Insurance

    total $54,922 · program services $54,922

  • 24a · Other expenses: CHAPTER HOUSE REPAIR

    total $145,195 · program services $145,195

  • 24b · Other expenses: FURNITURE

    total $3,906 · program services $3,906

  • 24c · Other expenses: GRANT TO ED FOUNDATION

    total $2,724 · program services $2,724

  • 24d · Other expenses: GREEK DUES

    total $750 · program services $750

  • 24e · All other expenses

    total $426 · program services $426

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$1

  • 2 · Savings and temporary cash investments

    beginning of year $72,090 · end of year $77,447

  • 10a · Land, buildings and equipment: cost or other basis

    $7,281,671

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,710,884

  • 10c · Land, buildings and equipment, net

    beginning of year $4,731,452 · end of year $4,570,787

  • 25 · Other liabilities

    beginning of year $2,448,613 · end of year $2,342,262

  • 27 · Net assets without donor restrictions

    beginning of year $2,354,928 · end of year $2,305,972

Mission and programs · 2023

Mission

OUR MISSION IS TO PROVIDE AN ADEQUATE CHAPTER HOUSE PROVIDING HOUSING FOR THE ETA CHAPTER OF ALPHA GAMMA RHO. THE CORPORATION MAINTAINS THE HOUSE PROPERTY, PAYS THE PROPERTY TAXES, INSURANCE. IN ADDITION WE PROVIDE VITAL ALUMNI SUPPORT TO THE ACTIVE CHAPTER.

  • MAINTENANCE, REPAIR, CONSTRUCTION AND IMPROVEMENT OF FRATERNITY HOUSE IN WHICH 80-85 STUDENTS OF IOWA STATE UNIVERSITY RESIDE.

    Expenses $479,058

  • MANAGEMENT AND OPERATIONS EXPENSES

    Expenses $154,894

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael J Nissly

    TREASURER

    Total calculated
    $3,250
    From this org
    $3,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Scott Borcherding

    DIRECTOR

    Total calculated
    $0

  • Andrew Burt

    DIRECTOR

    Total calculated
    $0

  • Aaron Cook

    DIRECTOR

    Total calculated
    $0

  • Tim Heiller

    PRESIDENT

    Total calculated
    $0

  • Nate Johansen

    DIRECTOR

    Total calculated
    $0

  • Brian Lansing

    VICE PRESIDE

    Total calculated
    $0

  • John Latham

    DIRECTOR

    Total calculated
    $0

  • Nick Westphal

    DIRECTOR

    Total calculated
    $0

  • Tanner Whipple

    SECRETARY

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202441369349312349

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