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Phi Gamma Delta Of Michigan Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311807203 ✦ Sarasota, FL ✦ Designated as a 501(c)(3)

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Overview

What is Phi Gamma Delta Of Michigan Foundation?

Phi Gamma Delta of Michigan Foundation is a nonprofit organization committed to boosting the educational experiences of its fraternity members. They accomplish this by implementing programs that grant access to internet and cable services in their house for academic purposes. Furthermore, the foundation awards educational scholarships to undergraduate fraternity members, thereby fostering their academic growth. The organization's mission is to enrich the educational journeys of its members, which they achieve through their dedicated initiatives.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The rating reflects a moderate level of accountability and financial health, indicating that while the organization demonstrates some strengths, there are areas needing improvement. The high scores in areas such as an independent board and program expense ratio signify effective governance and substantial funding directed towards programs.

The Phi Gamma Delta Of Michigan Foundation has achieved a perfect score in several governance metrics, including a fully independent board and a clear record of asset management. However, the lack of essential policies such as a conflict of interest policy, whistleblower policy, and proper document retention practices highlights significant areas for improvement. Additionally, the absence of the organization's website on its tax forms suggests a need for better transparency and public accessibility.

Despite the areas needing attention, the foundation maintains a strong program expense ratio of 77.30%, indicating that a majority of its expenditures support its mission-related activities. Addressing the noted limitations could enhance its overall rating and public trust, ultimately contributing to the foundation's effectiveness in achieving its goals.


This AI summary has been generated from information found on Charity Navigator.

Is Phi Gamma Delta Of Michigan Foundation legitimate?

Phi Gamma Delta Of Michigan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phi Gamma Delta Of Michigan Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Phi Gamma Delta Of Michigan Foundation?

The Phi Gamma Delta of Michigan Foundation works towards enhancing the educational experiences of its fraternity members. They accomplish this by offering internet and cable services for educational purposes within their houses and by granting scholarships to undergraduate fraternity members. The foundation's mission is centered around supporting the academic growth and success of its fraternity members, thereby contributing to their overall development.

Who is the CEO of Phi Gamma Delta Of Michigan Foundation?

Kelley V Rea is the Vice Preside of Phi Gamma Delta Of Michigan Foundation.

What is the revenue of Phi Gamma Delta Of Michigan Foundation?

Phi Gamma Delta Of Michigan Foundation's revenue in 2022 was $9,183.

Who are the executives of Phi Gamma Delta Of Michigan Foundation and what are their salaries?


Here are 3 key members and their salaries:


Tom Eames (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Parker (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelley V Rea (President, S)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Phi Gamma Delta Of Michigan Foundation?

Phi Gamma Delta Of Michigan Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Phi Gamma Delta Of Michigan Foundation

The Phi Gamma Delta of Michigan Foundation is dedicated to advancing the educational prospects of its fraternity members. This nonprofit organization achieves this mission by implementing programs that offer internet and cable services to their house for educational purposes. Furthermore, the foundation extends its support by granting educational scholarships to undergraduate fraternity members. By providing these resources, the Phi Gamma Delta of Michigan Foundation empowers its members to pursue their academic goals effectively.

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Impact




August, 2024

The Phi Gamma Delta of Michigan Foundation makes a significant impact by enhancing fraternity members' education through programs that provide internet and cable services to their house for educational purposes and award educational scholarships to undergraduate fraternity members. In doing so, they support the academic pursuits and development of young men within the fraternity, helping them achieve their educational goals and succeed in their academic endeavors.




This information is meant to be a general summary of Phi Gamma Delta Of Michigan Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$9,183 (2022)
Expenses
$12,030 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,694
  • Program Service Revenue: $5,389
  • Gross Receipts: $9,183

Assets and Liabilities:

  • Total Assets: $505,549
  • Total Liabilities: $0
  • Net Assets: $505,549

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FRATERNITY LOAN INTEREST

Revenue

$5,389

Organization Details

Founding Year

2001

Principal Officer

Kelley V Rea

Main Address

3300 MINEOLA DRIVE, SARASOTA, FL, 342396321

NTEE Category

Code: B99 - Education

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