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Nonprofiteer
← GAMMA PHI BETA SORORITY INC

Form 990 for tax year 2024

Filed by GAMMA PHI BETA SORORITY INC.

Totals

Total revenue
$16,735,508
Total expenses
$15,531,307
Contributions and grants received
$487,026
Grants paid
$0
Program service revenue
$14,719,582
Investment income
$676,516
Other revenue
$852,384
Total assets, end of year
$39,472,105
Total liabilities, end of year
$16,163,646
Net assets or fund balances, end of year
$23,308,459
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1d · Related organizations

    $315,391

  • 1f · All other contributions, gifts and grants

    $171,635

  • 2a · Program service revenue: MEMBER HOUSE REVENUE

    total $7,207,564 · related or exempt $7,207,564

  • 2b · Program service revenue: MEMBER DUES/ASSESSMENT

    total $6,366,160 · related or exempt $6,366,160

  • 2c · Program service revenue: INSURANCE REIMBURSEMEN

    total $767,925 · related or exempt $767,925

  • 2d · Program service revenue: CONFERENCE REVENUE

    total $259,333 · related or exempt $259,333

  • 2e · Program service revenue: SERVICE FEES

    total $118,600 · related or exempt $118,600

  • 3 · Investment income

    total $316,312 · unrelated business $316,312

  • 5 · Royalties

    total $785,368 · related or exempt $785,368

  • 7a · Gross sales of assets other than inventory

    securities $957,452

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

    securities $597,248

  • 7c · Gain or loss

    securities $360,204

  • 7d · Net gain or loss

    total $360,204 · unrelated business $360,204

  • 10a · Gross sales of inventory

    $165,993

  • 10b · Cost of goods sold

    $98,977

  • 10c · Net income from sales of inventory

    total $67,016 · related or exempt $67,016

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $442,120

  • 7 · Other salaries and wages

    total $2,696,142

  • 8 · Pension plan contributions

    total $120,465

  • 9 · Other employee benefits

    total $891,046

  • 10 · Payroll taxes

    total $410,361

  • 11b · Fees: legal

    total $86,157

  • 11c · Fees: accounting

    total $54,285

  • 11f · Fees: investment management

    total $36,709

  • 11g · Fees: other

    total $454,489

  • 12 · Advertising and promotion

    total $52,612

  • 13 · Office expenses

    total $597,236

  • 14 · Information technology

    total $415,902

  • 16 · Occupancy

    total $2,030,327

  • 17 · Travel

    total $572,081

  • 19 · Conferences, conventions and meetings

    total $519,821

  • 20 · Interest

    total $574,525

  • 22 · Depreciation, depletion and amortization

    total $982,190

  • 23 · Insurance

    total $409,625

  • 24a · Other expenses: FOOD SERVICE

    total $2,339,671

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $1,235,443

  • 24c · Other expenses: TAXES

    total $215,397

  • 24d · Other expenses: BANK FEES

    total $206,792

  • 24e · All other expenses

    total $187,911

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,817,460 · end of year $3,808,312

  • 2 · Savings and temporary cash investments

    beginning of year $1,031,127 · end of year $871,766

  • 4 · Accounts receivable

    beginning of year $543,982 · end of year $752,161

  • 7 · Other notes and loans receivable

    beginning of year $479,066 · end of year $435,220

  • 8 · Inventories for sale or use

    beginning of year $12,388 · end of year $27,352

  • 9 · Prepaid expenses and deferred charges

    beginning of year $326,469 · end of year $384,541

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

    $26,862,117

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

    $9,431,159

  • 10c · Land, buildings and equipment, net

    beginning of year $16,926,254 · end of year $17,430,958

  • 11 · Investments: publicly traded securities

    beginning of year $10,304,885 · end of year $11,212,474

  • 15 · Other assets

    beginning of year $5,613,603 · end of year $4,549,321

  • 17 · Accounts payable and accrued expenses

    beginning of year $894,052 · end of year $811,324

  • 19 · Deferred revenue

    beginning of year $1,170,535 · end of year $1,007,870

  • 23 · Secured mortgages and notes payable

    beginning of year $9,300,665 · end of year $9,460,150

  • 25 · Other liabilities

    beginning of year $5,897,073 · end of year $4,884,302

  • 27 · Net assets without donor restrictions

    beginning of year $21,792,909 · end of year $23,308,459

Mission and programs · 2024

Mission

WE BUILD CONFIDENT WOMEN OF CHARACTER WHO CELEBRATE SISTERHOOD AND MAKE A DIFFERENCE IN THE WORLD AROUND US.

Activities or mission (Part I)

WE BUILD CONFIDENT WOMEN OF CHARACTER WHO CELEBRATE SISTERHOOD AND MAKE A DIFFERENCE.

  • THE SORORITY IS A NONPROFIT CORPORATION ORGANIZED FOR EDUCATIONAL, CHARITABLE, AND SOCIAL PURPOSES. THE SORORITY IS ORGANIZED UNDER SECTION 501(C) (7) OF THE INTERNAL REVENUE CODE. ITS MISSION IS TO BUILD CONFIDENT WOMEN OF CHARACTER WHO CELEBRATE SISTERHOOD AND MAKE A DIFFERENCE IN THE WORLD AROUND US. THE SORORITY IS GOVERNED BY AN ELECTED INTERNATIONAL COUNCIL. THE MAJORITY OF THE SORORITY'S SUPPORT AND REVENUE IS DERIVED FROM MEMBERSHIP DUES AND FEES, AS WELL AS FROM MERCHANDISE SOLD TO MEMBERS AND INVESTMENT INCOME.

As filed on the 2024 return.

Listed in Part VII

  • Megan Wick

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $276,201
    From this org
    $257,500
    From related orgs
    $0
    Other
    $18,701
    Hours/week
    28 + 12 related

    Schedule J breakdown matched by us

    Base
    $257,500
    Bonus
    $0
    Other
    $0
    Deferred
    $10,300
    Nontaxable benefits
    $8,401
    Filer's total
    $276,201

  • Karen Mayo

    CHIEF FINANCIAL OFFICER

    Total calculated
    $165,919
    From this org
    $142,490
    From related orgs
    $0
    Other
    $23,429
    Hours/week
    28 + 12 related

    Schedule J breakdown matched by us

    Base
    $142,490
    Bonus
    $0
    Other
    $0
    Deferred
    $6,081
    Nontaxable benefits
    $17,348
    Filer's total
    $165,919

  • Samantha Keltner

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $163,749
    From this org
    $150,497
    From related orgs
    $0
    Other
    $13,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,497
    Bonus
    $0
    Other
    $0
    Deferred
    $6,139
    Nontaxable benefits
    $7,113
    Filer's total
    $163,749

  • Tara Foristal

    CHIEF MARKETING OFFICER

    Total calculated
    $156,432
    From this org
    $150,408
    From related orgs
    $0
    Other
    $6,024
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $140,408
    Bonus
    $10,000
    Other
    $0
    Deferred
    $6,024
    Nontaxable benefits
    $0
    Filer's total
    $156,432

  • Beth Vaughn

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $142,048
    From this org
    $121,637
    From related orgs
    $0
    Other
    $20,411
    Hours/week
    0 + 40 related

  • Dexter Bush-Scott

    CHIEF HOUSING OFFICER

    Total calculated
    $126,778
    From this org
    $113,819
    From related orgs
    $0
    Other
    $12,959
    Hours/week
    40

  • Kendra Bocher

    CHIEF ADMINISTRATION OFFICER

    Total calculated
    $123,461
    From this org
    $103,589
    From related orgs
    $0
    Other
    $19,872
    Hours/week
    40

  • Stephanie Carriere

    INTERNATIONAL PRESIDENT

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8 + 2 related

  • Dr Callie Cox Bauer

    VICE PRESIDENT

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Teresa Haney

    VICE PRESIDENT

    Total calculated
    $1,625
    From this org
    $1,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    8 + 2 related

  • Lindsay Healless

    VICE PRESIDENT

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Jessica Jecmen

    VICE PRESIDENT

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Victoria Lopez-Herrera

    VICE PRESIDENT

    Total calculated
    $1,625
    From this org
    $1,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Kristen Slaughter

    VICE PRESIDENT

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

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

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GAMMA PHI BETA FACILITIES MANAGEMENT CO

    FACILITIES · DE · income $10,519,485 · assets $27,417,617

    Directly controlled by GPB SORORITY

Provenance

Return type
form_990
Tax year
2024
Filed
7 April 2026
IRS schema version
2024v5.5
Source object
202610989349300836

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