Gamma Phi Beta Sorority Inc

Nonprofit profile at a glance

EIN
362426170
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-N 2007
Location
Centennial, CO, USA
Phone
3037991874
Rating confidence
Limited

Official website

Reported finances

Revenue
$16,735,508
Expenses
$15,531,307
Assets
$39,472,105
Liabilities
$16,163,646

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • MEGAN WICK (CHIEF EXECUTIVE OFFICER)
  • STEPHANIE CARRIERE (INTERNATIONAL PRESIDENT)
  • DR CALLIE COX BAUER (VICE PRESIDENT)
  • TERESA HANEY (VICE PRESIDENT)
  • LINDSAY HEALLESS (VICE PRESIDENT)
  • JESSICA JECMEN (VICE PRESIDENT)

Highest reported compensation

  • MEGAN WICK (CHIEF EXECUTIVE OFFICER): $276,201 total reported compensation
  • KAREN MAYO (CHIEF FINANCIAL OFFICER): $165,919 total reported compensation
  • SAMANTHA KELTNER (CHIEF EXPERIENCE OFFICER): $163,749 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We build confident women of character who celebrate sisterhood and make a difference in the world around us.

What it reported doing in 2024

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.

Operating model

Revenue model
Earned-program. 90% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 57
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.2%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 2.54; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 7.5%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 8.3% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 8.7% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $276K · 14 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 5 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.