Form 990 for tax year 2024
Filed by ALPHA GAMMA RHO LAMBDA CHAPTER EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $281,178
- Total expenses
- $135,861
- Contributions and grants received
- $202,488
- Grants paid
- $124,114
- Program service revenue
- $0
- Investment income
- $78,690
- Other revenue
- $0
- Total assets, end of year
- $1,370,287
- Total liabilities, end of year
- $6,300
- Net assets or fund balances, end of year
- $1,363,987
- Program services expenses (Part IX)
- $124,114
- Management and general expenses
- $11,747
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $124,114
Program services were 91.4% 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
$202,488
-
3 · Investment income
total $38,720 · excluded $38,720
-
7a · Gross sales of assets other than inventory
securities $284,869 · other assets $35,198
-
7b · Less cost or other basis and sales expenses
securities $280,097
-
7c · Gain or loss
securities $4,772 · other assets $35,198
-
7d · Net gain or loss
total $39,970 · related or exempt $4,772 · excluded $35,198
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 $24,114 · program services $24,114
-
11c · Fees: accounting
total $1,885 · management and general $1,885
-
13 · Office expenses
total $862 · management and general $862
-
19 · Conferences, conventions and meetings
total $9,000 · management and general $9,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $98,889 · end of year $62,430
-
7 · Other notes and loans receivable
beginning of year $85,000 · end of year $185,000
-
11 · Investments: publicly traded securities
beginning of year $992,495 · end of year $1,122,857
-
17 · Accounts payable and accrued expenses
beginning of year $3,750 · end of year $4,150
-
25 · Other liabilities
beginning of year $2,150 · end of year $2,150
-
31 · Retained earnings, endowment or other funds
beginning of year $1,170,484 · end of year $1,363,987
Mission and programs · 2024
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 $24,114 · Grants $24,114
-
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 2024 return.
Listed in Part VII
-
Dylan BarthDYLAN BARTH
DIRECTOR
- Total calculated
- $0
-
Mark BehrendsMARK BEHRENDS
DIRECTOR
- Total calculated
- $0
-
Andrew D ClausenANDREW D CLAUSEN
DIRECTOR
- Total calculated
- $0
-
Brian DahmsBRIAN DAHMS
SECRETARY
- Total calculated
- $0
-
Mark D VaupelMARK D VAUPEL
PRESIDENT
- Total calculated
- $0
-
Clifford VriezeCLIFFORD VRIEZE
DIRECTOR
- Total calculated
- $0
-
Keith E WolfKEITH 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
-
$100,000
NEW CONSTRUCTION
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.
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501C7 · HOUSING · MN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503159349302210
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