Overview
What is Gamma Phi Beta House Association?
The Gamma Phi Beta House Association is a nonprofit organization primarily focused on managing property, generating income from it, and then distributing the net proceeds to the Gamma Chapter of the Gamma Phi Beta Sorority in Madison, Wisconsin. This association serves as a financial intermediary, ensuring that the Gamma Chapter benefits from the revenue generated from the property. While the description does not provide specific details about the organization's community outreach or social missions, it is clear that the Gamma Phi Beta House Association plays a crucial role in supporting the Gamma Chapter financially.
Is Gamma Phi Beta House Association legitimate?
Gamma Phi Beta House Association is a legitimate nonprofit organization registered as a 501(c)(7) entity. Gamma Phi Beta House Association 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: $6,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,550
For more financial information, click here
What is the mission statement of Gamma Phi Beta House Association?
The Gamma Phi Beta House Association's primary role is to manage property and generate income from it. This income, after deducting expenses, is then transferred to the Gamma Chapter of the Gamma Phi Beta Sorority based in Madison, Wisconsin. Essentially, the association serves as a financial intermediary for the sorority chapter, facilitating the flow of funds to support their activities.
Who is the CEO of Gamma Phi Beta House Association?
Megan Bawden Westphal is the Chapter Advisor of Gamma Phi Beta House Association.
What is the revenue of Gamma Phi Beta House Association?
Gamma Phi Beta House Association's revenue in 2022 was $602,928.
Who are the executives of Gamma Phi Beta House Association and what are their salaries?
The average compensation at Gamma Phi Beta House Association during 2022 was $38,550. There is 1 employee and 10 volunteers at Gamma Phi Beta House Association.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Gamma Phi Beta House Association?
Gamma Phi Beta House Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gamma Phi Beta House Association
Gamma Phi Beta House Association, in essence, serves as a custodian for property. It collects income generated from this property and subsequently transfers the majority of the funds, after deducting expenses, to the Gamma Chapter of the Gamma Phi Beta Sorority based in Madison, Wisconsin. This financial support allows the sorority chapter to continue its operations and initiatives. The association's role is primarily financial, ensuring the transfer of resources to the sorority chapter for its continued growth and activities.
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Impact
October, 2024
Gamma Phi Beta House Association holds significant impact through its stewardship of property dedicated to supporting the Gamma Chapter of the Gamma Phi Beta Sorority in Madison, Wisconsin. By managing and maintaining the housing facilities, the association ensures a stable and supportive environment for sorority members, providing them with a space to foster connections, enhance their educational experiences, and promote sisterhood.
The income generated from the property is reinvested back into the chapter, allowing for enhancements in programming, facilities, and overall support for the members' academic pursuits and personal growth. This association plays a crucial role in sustaining the sorority’s mission, promoting leadership, philanthropy, and community engagement among its members.
Overall, the Gamma Phi Beta House Association creates a lasting positive impact on the educational and social experiences of women in the Gamma Chapter, helping to cultivate future leaders.
This information is meant to be a general summary of Gamma Phi Beta House Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,101
- Program Service Revenue: $548,971
- Gross Receipts: $602,928
Assets and Liabilities:
- Total Assets: $1,797,223
- Total Liabilities: $425,875
- Net Assets: $1,371,348
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$470,971
MONDAY NIGHT CHAPTER MEALS
Revenue
$42,000
HOUSE CORPORATION DUES
Revenue
$36,000
Organization Details
Founding Year
1926
Phone
(608) 215-3712Principal Officer
Megan Bawden Westphal
Main Address
6437 REVERE PASS, DEFOREST, WI, 53532
NTEE Category
Code: B83 - Education
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