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Nonprofiteer
← PHI GAMMA DELTA EDUCATIONAL FOUNDATION

Form 990 for tax year 2022

Filed by PHI GAMMA DELTA EDUCATIONAL FOUNDATION.

Totals

Total revenue
$3,880,356
Total expenses
$2,677,299
Contributions and grants received
$2,923,502
Grants paid
$1,788,005
Program service revenue
$0
Investment income
$887,203
Other revenue
$69,651
Total assets, end of year
$26,268,904
Total liabilities, end of year
$358,469
Net assets or fund balances, end of year
$25,910,435
Program services expenses (Part IX)
$1,992,047
Management and general expenses
$435,105
Fundraising expenses
$250,147
Program service expenses (Part III)
$1,992,047

Program services were 74.4% 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

    $2,923,502

  • 1g · Noncash contributions included above

    $123,055

  • 3 · Investment income

    total $890,700 · excluded $890,700

  • 7a · Gross sales of assets other than inventory

    securities $94,447

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

    securities $97,944

  • 7c · Gain or loss

    securities -$3,497

  • 7d · Net gain or loss

    total -$3,497 · excluded -$3,497

  • 11a · Other revenue: MISCELLANEOUS

    total $69,651 · related or exempt $69,651

  • 11e · Other revenue, total

    $69,651

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,223,154 · program services $1,223,154

  • 2 · Grants to domestic individuals

    total $564,851 · program services $564,851

  • 7 · Other salaries and wages

    total $288,526 · program services $86,558 · management and general $115,410 · fundraising $86,558

  • 8 · Pension plan contributions

    total $21,576 · program services $7,336 · management and general $7,120 · fundraising $7,120

  • 9 · Other employee benefits

    total $26,952 · program services $9,164 · management and general $8,894 · fundraising $8,894

  • 10 · Payroll taxes

    total $19,785 · program services $6,727 · management and general $6,529 · fundraising $6,529

  • 11f · Fees: investment management

    total $55,274 · management and general $55,274

  • 11g · Fees: other

    total $134,311 · program services $7,040 · management and general $122,007 · fundraising $5,264

  • 13 · Office expenses

    total $2,491 · program services $747 · management and general $498 · fundraising $1,246

  • 14 · Information technology

    total $38,885 · management and general $38,885

  • 16 · Occupancy

    total $41,172 · program services $13,998 · management and general $13,587 · fundraising $13,587

  • 17 · Travel

    total $28,563 · program services $9,637 · management and general $9,500 · fundraising $9,426

  • 23 · Insurance

    total $11,258 · management and general $11,258

  • 24a · Other expenses: DIRECT MAIL HOUSE SERVI

    total $73,153 · fundraising $73,153

  • 24b · Other expenses: LIFE INCOME DISTRIBUTIO

    total $34,000 · program services $34,000

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $30,042 · program services $3,000 · management and general $8,521 · fundraising $18,521

  • 24d · Other expenses: EKKLESIA/ACADEMY

    total $25,813 · program services $25,813

  • 24e · All other expenses

    total $57,493 · program services $22 · management and general $37,622 · fundraising $19,849

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,153,019 · end of year $1,425,507

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,598 · end of year $21,698

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

    $130,000

  • 10c · Land, buildings and equipment, net

    beginning of year $130,000 · end of year $130,000

  • 11 · Investments: publicly traded securities

    beginning of year $20,806,488 · end of year $23,247,202

  • 12 · Investments: other securities

    beginning of year $1,571,123 · end of year $1,433,597

  • 15 · Other assets

    beginning of year $10,900 · end of year $10,900

  • 17 · Accounts payable and accrued expenses

    beginning of year $132,872 · end of year $155,772

  • 25 · Other liabilities

    beginning of year $203,049 · end of year $202,697

  • 27 · Net assets without donor restrictions

    beginning of year $7,632,559 · end of year $9,066,120

  • 28 · Net assets with donor restrictions

    beginning of year $15,726,648 · end of year $16,844,315

Mission and programs · 2022

Mission

TO PROVIDE EDUCATIONAL SUPPORT AND SERVICES FOR COLLEGE STUDENTS.

  • EDUCATIONAL GRANTS AND RELATED EXPENSES

    Expenses $1,427,196 · Grants $1,223,154 · Revenue $69,651

  • UNDERGRADUATE AND AAA SCHOLARSHIPS

    Expenses $564,851 · Grants $564,851

As filed on the 2022 return.

Listed in Part VII

  • Donald M Heinrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John P O'Neill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Glenn D Moor

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Ronald C Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin W Haga

    FINANCE COMMITTEE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • William R Brand

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • A Peter Rimsan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kirk D Walden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert A Wunderluch Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mitchell I Henn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael A Lucas

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • D Michael Ainsworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Benjamin E Robinson

    EXECUTIVE DIRECTOR

    Total calculated
    $177,904
    From this org
    $177,904
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,904
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $177,904

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
27 September 2023
IRS schema version
2022v5.0
Source object
202342929349300414

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