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Nonprofiteer
← DELTA GAMMA FRATERNITY MANAGEMENT CORPORATION

Form 990 for tax year 2022

Filed by DELTA GAMMA FRATERNITY MANAGEMENT CORPORATION.

Totals

Total revenue
$912,674
Total expenses
$1,055,757
Contributions and grants received
$84,111
Grants paid
$50,311
Program service revenue
$851,836
Investment income
-$23,273
Other revenue
$0
Total assets, end of year
$2,675,319
Total liabilities, end of year
$551,726
Net assets or fund balances, end of year
$2,123,593
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.

  • 1f · All other contributions, gifts and grants

    $84,111

  • 2a · Program service revenue: RENTAL INCOME

    total $738,364 · related or exempt $738,364

  • 2b · Program service revenue: HOUSING FEES

    total $113,390 · related or exempt $113,390

  • 2c · Program service revenue: INTEREST ON HOUSING LO

    total $82 · related or exempt $82

  • 3 · Investment income

    total $176 · unrelated business $176

  • 7a · Gross sales of assets other than inventory

    other assets $480

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

    other assets $23,929

  • 7c · Gain or loss

    other assets -$23,449

  • 7d · Net gain or loss

    total -$23,449 · excluded -$23,449

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,311

  • 7 · Other salaries and wages

    total $104,594

  • 9 · Other employee benefits

    total $20,724

  • 10 · Payroll taxes

    total $8,153

  • 11c · Fees: accounting

    total $19,500

  • 11g · Fees: other

    total $523

  • 16 · Occupancy

    total $465,398

  • 17 · Travel

    total $1,661

  • 19 · Conferences, conventions and meetings

    total $2,892

  • 22 · Depreciation, depletion and amortization

    total $179,204

  • 23 · Insurance

    total $157,920

  • 24a · Other expenses: EQUIP RENTAL AND MAINT

    total $38,682

  • 24b · Other expenses: MISCELLANEOUS

    total $3,842

  • 24c · Other expenses: BANK FEES

    total $1,437

  • 24d · Other expenses: POSTAGE AND SHIPPING

    total $916

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,684 · end of year $22,833

  • 2 · Savings and temporary cash investments

    beginning of year $917,741 · end of year $1,304,900

  • 4 · Accounts receivable

    beginning of year $33,898 · end of year $7,945

  • 7 · Other notes and loans receivable

    beginning of year $3,840 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,827 · end of year $0

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

    $1,698,087

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

    $996,067

  • 10c · Land, buildings and equipment, net

    beginning of year $681,601 · end of year $702,020

  • 15 · Other assets

    beginning of year $300,494 · end of year $637,621

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,743 · end of year $220,714

  • 25 · Other liabilities

    beginning of year $0 · end of year $331,012

  • 27 · Net assets without donor restrictions

    beginning of year $2,028,342 · end of year $2,123,593

Mission and programs · 2022

Mission

TO ESTABLISH AND PROVIDE A SUITABLE SOCIAL ENVIRONMENT FOR THE SOLE USE AND BENEFIT OF COLLEGIATE CHAPTER OF DELTA GAMMA FRATERNITY, BY, BUT NOT LIMITED TO, OWNING, EQUIPPING MAINTAINING, AND MANAGING A CHAPTER HOUSE (FACILITY OR ACCOMMODATIONS) FOR PLEASURE, RECREATION, AND OTHER NONPROFITABLE PURPOSES INCLUDING THE SOCIAL GATHERING AND ENRICHMENT OF ITS MEMBERS AND TO THAT END TO ACQUIRE BY GIFT, DEVISE, PURCHASE, OR OTHERWISE REAL AND PERSONAL PROPERTY AND TO SELL, CONVEY, EXCHANGE, LEASE, MORTGAGE, PLEDGE, OR OTHERWISE ENCUMBER SUCH PROPERTY. SUCH PROPERTY TO BE USED AS A MEETING PLACE TO FOSTER HIGH IDEALS OF FRIENDSHIP AMONGST ITS MEMBERS, TO PROMOTE THEIR EDUCATIONAL AND CULTURAL INTERESTS, TO CREATE IN THEM GOOD QUALITIES OF CHARACTER. THE CORPORATION DOES NOT CONTEMPLATE ANY PECUNIARY GAIN OR PROFIT INCIDENTAL OR OTHERWISE TO ITS MEMBERS.

  • PROVIDED HOUSING RESOURCES FOR INDEPENDENT LOCAL CHAPTERS OF DELTA GAMMA FRATERNITY WHICH DO NOT HAVE A SEPARATE LOCAL HOUSE CORPORATION ENTITY.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Meyer Kornegay

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dr Army R Ayres

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Cassandra Caron

    DIRECTOR: HOUSING RESOURCES

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Danette Beck

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Elizabeth Springer

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Linda Kay Martin Smith

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Tracey Williams

    FRATERNITY EXECUTIVE DIRECTOR

    Total calculated
    $208,847
    From this org
    $0
    From related orgs
    $195,513
    Other
    $13,334
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,513 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,918 related
    Nontaxable benefits
    $0 + $1,416 related
    Filer's total
    $0 + $208,847 related

  • Amanda Reymann

    DIRECTOR OF HOUSING OPERATIONS

    Total calculated
    $104,651
    From this org
    $0
    From related orgs
    $91,809
    Other
    $12,842
    Hours/week
    1 + 40 related

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

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

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
2022
Filed
12 February 2024
IRS schema version
2022v5.0
Source object
202400479349300215

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