Overview
What is Gamma Phi Beta Foundation?
The Gamma Phi Beta Foundation is a philanthropic organization that supports the fundraising initiatives of the sorority's collegiate and alumnae chapters. Located in Centennial, Colorado, its primary role is to allocate donations to the sorority's national nonprofit partner and local nonprofit organizations that align with its mission. This mission aims to provide experiences and resources that foster spiritual, mental, and social resilience in girls. The foundation operates on a 'sisters helping sisters' philosophy, financially sustaining and advancing the mission of Gamma Phi Beta by addressing the scholastic, leadership, philanthropic, and emergency needs of its members.
Official website here: www.gammaphibeta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
The Gamma Phi Beta Foundation has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score of 100% in transparency measures, the foundation demonstrates robust governance through a fully independent board and comprehensive oversight practices, indicating a commitment to ethical management and responsibility.
The foundation excels with a program expense ratio of 70.43%, showcasing its focus on delivering programs over administrative costs. Additionally, its fundraising efficiency is impressive, with only $0.06 spent to raise each dollar. This efficiency in fundraising enables the organization to allocate more resources toward fulfilling its mission, enhancing its overall impact.
While the foundation's financial health is robust, with a low liabilities to assets ratio of 0.90%, it is important to note that the strengths highlighted here may not capture the entire picture of its programs or community impact. However, the available data suggests that Gamma Phi Beta Foundation is effectively managing its resources and operating with high ethical standards.
This AI summary has been generated from information found on Charity Navigator.
Is Gamma Phi Beta Foundation legitimate?
Gamma Phi Beta Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gamma Phi Beta 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: $536,962
For more financial information, click here
Official website here: www.gammaphibeta.org
What is the mission statement of Gamma Phi Beta Foundation?
The Gamma Phi Beta Foundation's mission is centered around financially supporting and enhancing the mission of Gamma Phi Beta. They achieve this through successful fundraising and stewardship, providing assistance to the sorority and its members with scholastic, leadership, philanthropic, and emergency needs. The foundation supports the fundraising efforts of Gamma Phi Beta's collegiate and alumnae chapters, contributing to the sorority's philanthropic focus of building strong girls. They grant funds to the sorority's national nonprofit partner and local nonprofit organizations that align with Gamma Phi Beta's philanthropic focus and mission, offering experiences and resources that foster spiritual, mental, and social resilience in girls.
Official website here: www.gammaphibeta.org
Who is the CEO of Gamma Phi Beta Foundation?
Megan Wick is the CEO of Gamma Phi Beta Foundation The CEO's salary of Gamma Phi Beta Foundation is $0 and their total compensation is $234,579.
Official website here: www.gammaphibeta.org
What is the revenue of Gamma Phi Beta Foundation?
Gamma Phi Beta Foundation's revenue in 2023 was $7,380,237.
Official website here: www.gammaphibeta.org
Who are the executives of Gamma Phi Beta Foundation and what are their salaries?
There 90 volunteers at Gamma Phi Beta Foundation.
Here are 20 key members and their salaries (Gamma Phi Beta Foundation's CEO's salary is $0 and their total compensation is $234,579):
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- Related: $216,424
- Other: $18,155
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- Related: $140,408
- Other: $12,412
- Compensation: $0
- Related: $63,250
- Other: $7,838
- Compensation: $0
- Related: $123,600
- Other: $12,506
- Compensation: $0
- Related: $117,090
- Other: $19,294
- Compensation: $0
- Related: $104,307
- Other: $10,968
- Compensation: $0
- Related: $126,928
- Other: $5,077
Official website here: www.gammaphibeta.org
Where can I find the form 990 for Gamma Phi Beta Foundation?
Gamma Phi Beta Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gammaphibeta.org
Learn more at the official website: www.gammaphibeta.org
Mission Statement of Gamma Phi Beta Foundation
The Gamma Phi Beta Foundation is committed to financially sustaining and advancing the mission of Gamma Phi Beta. Through successful fundraising and stewardship, this organization supports the sorority and its members who require assistance with scholarship, leadership, philanthropic, and emergency needs. The foundation plays a vital role in philanthropic efforts, supporting the fundraising initiatives of both collegiate and alumnae chapters of Gamma Phi Beta. Additionally, the foundation grants funds to various nonprofit organizations that align with the sorority's mission to provide experiences and resources that build spiritual, mental, and social resilience in girls. By doing so, the Gamma Phi Beta Foundation serves as a vital partner in furthering the mission of Gamma Phi Beta and providing assistance to its members in need.
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Impact
July, 2024
Gamma Phi Beta Foundation's impact is felt through its support of fundraising efforts that benefit the sorority's collegiate and alumnae chapters, as well as national and local organizations aligned with the mission of building strong girls. By providing grants, donations, and resources, the Foundation helps promote spiritual, mental, and social resiliency in girls, ultimately contributing to their overall development and empowerment. Through successful fundraising and stewardship, the Foundation plays a vital role in advancing the philanthropic focus of Gamma Phi Beta and supporting members in need of scholarship, leadership, and emergency assistance.
This information is meant to be a general summary of Gamma Phi Beta 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $363,064
- Gross Receipts: $10,847,922
Assets and Liabilities:
- Total Assets: $14,737,696
- Total Liabilities: $1,175,284
- Net Assets: $13,562,412
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Organization Details
Founding Year
1959
Principal Officer
Karen Mayo
Website
www.gammaphibeta.orgNTEE Category
Code: B83 - Education
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