Gamma Eta Gamma Fraternity

990EZ • Fiscal year 2021 • EIN 41-0904319

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 28, 2021

Organization Profile N/A

2221 University Ave SE Suite 111Minneapolis, MN 55414

(262) 219-9754

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.12x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

0.11x

Higher debt load relative to revenue than 74% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

-2.5%

Higher net margin than 33% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

-4.5%

Faster asset growth than 30% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

6.8%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets76th percentile

Assets

Down

$47,559

Down $2,260 (-4.5%) from 2020

Net Assets

Down

$41,877

Down $1,310 (-3.0%) from 2020

Liabilities

Down

$5,682

Down $950 (-14%) from 2020

Revenue And Expenses

Liabilities / Revenue74th percentile Net Margin33rd percentile

Revenue

$53,068

Up $3,392 (+6.8%) from 2020

Expenses

$54,378

Up $1,877 (+3.6%) from 2020

Net Income

-$1,310

Up $1,515 (+54%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2021

Assets$47,559

Liabilities$5,682

Net Assets$41,877

Open 2021 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2021

Revenue$53,068

Expenses$54,378

Net Income-$1,310

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2020 to Jun 30, 2021
Signed: Oct 28, 2021
Return Version: 2020v4.0
Gross Receipts: $53,068

Mission and Program Overview

Mission

SOCIAL CLUB

Program Services

Description	Grants	Expenses
PROVIDING COLLEGIATE GRADUATE FRATERNITY HOUSING, ACTIVITIES, AND ENVIRONMENT	-	-

Compensation and Service Providers

Top Officer Pay93rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
ERIC LOCKER	President	PT	$0	-	-
VALERIE PERKINS	Treasurer	-	$0	-	-
CALEB NIGRIN	Vice President/Social	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Gamma Eta Gamma Fraternity
EIN: 41-0904319
Address: 2221 UNIVERSITY AVE SE SUITE 111, MINNEAPOLIS, MN 55414

Signing Officer

Name: Valerie Perkins
Title: Treasurer
Signed: 2021-10-28
Discuss with paid preparer: Yes

Preparer

Firm: Fraternity Purchasing Association
Address: 2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414
Preparer: Michelle Ballensky
Phone: 6126245015

Supplemental Narrative

Additional Explanations

Part I, Line 8 Other Income

“Fines 255, deposits forfeited 375”

Part I, Line 16 Other Expenses

“Depreciation 2563, insurance 5819, scholarships to mbrs 3600 miscellaneous 493, bad debt write off 375”

Part II, Line 24 Other Assets

“Furniture/equipment less depreciation 30246, prepaid expense 2963, fpa advance deposit 600”

Part II, Line 26 Other Liabilites

“Accounts payable 292, member damage deposits 3170, members prepaid 2220”

Raw XML Appendix97 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BenefitsPaidToOrForMembersAmt	0	204
IRS990EZ/BooksInCareOfDetail/PersonNm	0	VALERIE PERKINS
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	2622199754
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	1126 5TH STREET SE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	MINNEAPOLIS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	55414
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	14114
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	13750
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-1310
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	1343
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	49819
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	47559
IRS990EZ/GrossReceiptsAmt	0	53068
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	36
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	43187
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	41877
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	43187
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	41877
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	39981
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	2
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	3
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	ERIC LOCKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	VALERIE PERKINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	CALEB NIGRIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	VICE PRESIDENT/SOCIAL
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501cInd	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	35705
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	33809
IRS990EZ/OtherExpensesTotalAmt	0	12850
IRS990EZ/OtherRevenueTotalAmt	0	630
IRS990EZ/PrimaryExemptPurposeTxt	0	SOCIAL CLUB
IRS990EZ/ProgramServiceRevenueAmt	0	52402
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	PROVIDING COLLEGIATE GRADUATE FRATERNITY HOUSING, ACTIVITIES, AND ENVIRONMENT
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	6632
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	5682
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	54378
IRS990EZ/TotalRevenueAmt	0	53068
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TypeOfOrganizationOtherDesc	0	SOCIALCLUB
IRS990EZ/TypeOfOrganizationOtherInd	0	X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	FINES 255, DEPOSITS FORFEITED 375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DEPRECIATION 2563, INSURANCE 5819, SCHOLARSHIPS TO MBRS 3600 MISCELLANEOUS 493, BAD DEBT WRITE OFF 375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	FURNITURE/EQUIPMENT LESS DEPRECIATION 30246, PREPAID EXPENSE 2963, FPA ADVANCE DEPOSIT 600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	ACCOUNTS PAYABLE 292, MEMBER DAMAGE DEPOSITS 3170, MEMBERS PREPAID 2220
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART I, LINE 8 OTHER INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	PART I, LINE 16 OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	PART II, LINE 24 OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	PART II, LINE 26 OTHER LIABILITES
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	VALERIE PERKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2021-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	GAMMA ETA GAMMA FRATERNITY
ReturnHeader/Filer/BusinessNameControlTxt	0	GAMM
ReturnHeader/Filer/EIN	0	410904319
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	2221 UNIVERSITY AVE SE SUITE 111
ReturnHeader/Filer/USAddress/CityNm	0	MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MN
ReturnHeader/Filer/USAddress/ZIPCd	0	55414
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	410265424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	FRATERNITY PURCHASING ASSOCIATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	2221 UNIVERSITY AVE SE STE 111
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	55414
ReturnHeader/PreparerPersonGrp/PhoneNum	0	6126245015
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2021-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	MICHELLE BALLENSKY
ReturnHeader/ReturnTs	0	2021-11-03T14:20:21-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	VALERIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	PERKINS
ReturnHeader/TaxPeriodBeginDt	0	2020-07-01
ReturnHeader/TaxPeriodEndDt	0	2021-06-30
ReturnHeader/TaxYr	0	2020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $47,559
Liabilities: $5,682
Net assets: $41,877
Revenue: $53,068
Expenses: $54,378
Net income: -$1,310

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$54.4	$6.89	$47.5	$63.6	$61.2	$2.36
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$52.9	$7.81	$45.1	$59.1	$58.5	$0.60
2023Detailed filing. Detailed filing data is available for this year.	$49.6	$5.13	$44.5	$60.2	$59.8	$0.37
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$55.6	$11.4	$44.1	$56.4	$54.1	$2.26
2021Detailed filing. Detailed filing data is available for this year.	$47.6	$5.68	$41.9	$53.1	$54.4	$1.31
2020Detailed filing. Detailed filing data is available for this year.	$49.8	$6.63	$43.2	$49.7	$52.5	$2.83
2019Summary only. Only limited summary data is available for this year.	$53.3	$7.30		$52.8	$50.0	$2.89
2018Summary only. Only limited summary data is available for this year.	$51.6	$8.45		$56.9	$55.1	$1.74
2017Summary only. Only limited summary data is available for this year.	$53.1	$11.7		$45.4	$53.8	$8.42
2016Summary only. Only limited summary data is available for this year.	$62.3	$12.5		$50.4	$54.4	$4.01
2015Summary only. Only limited summary data is available for this year.	$63.3	$9.44		$55.3	$51.3	$4.09
2014Summary only. Only limited summary data is available for this year.	$60.8	$11.0		$57.2	$57.0	$0.20
2013Summary only. Only limited summary data is available for this year.	$56.8	$7.32		$62.0	$47.1	$14.9
2012Summary only. Only limited summary data is available for this year.	$50.5	$15.9		$50.8	$46.5	$4.29