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Nonprofiteer
← DELTA SIGMA PHI FOUNDATION

Form 990 for tax year 2024

Filed by DELTA SIGMA PHI FOUNDATION.

Totals

Total revenue
$3,079,249
Total expenses
$2,343,918
Contributions and grants received
$2,751,865
Grants paid
$1,178,302
Program service revenue
$0
Investment income
$327,384
Other revenue
$0
Total assets, end of year
$15,770,460
Total liabilities, end of year
$210,317
Net assets or fund balances, end of year
$15,560,143
Program services expenses (Part IX)
$1,180,382
Management and general expenses
$609,756
Fundraising expenses
$553,780
Program service expenses (Part III)
$1,180,382

Program services were 50.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,751,865

  • 1g · Noncash contributions included above

    $4,854

  • 3 · Investment income

    total $330,862 · excluded $330,862

  • 7a · Gross sales of assets other than inventory

    securities $4,144,388

  • 7b · Less cost or other basis and sales expenses

    securities $4,147,866

  • 7c · Gain or loss

    securities -$3,478

  • 7d · Net gain or loss

    total -$3,478 · excluded -$3,478

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $939,642 · program services $939,642

  • 2 · Grants to domestic individuals

    total $238,660 · program services $238,660

  • 5 · Compensation of officers, directors and key employees

    total $246,854 · management and general $69,795 · fundraising $177,059

  • 7 · Other salaries and wages

    total $366,899 · management and general $242,912 · fundraising $123,987

  • 8 · Pension plan contributions

    total $8,004 · management and general $5,299 · fundraising $2,705

  • 9 · Other employee benefits

    total $37,625 · management and general $24,910 · fundraising $12,715

  • 10 · Payroll taxes

    total $44,441 · management and general $29,423 · fundraising $15,018

  • 11b · Fees: legal

    total $43,601 · management and general $43,601

  • 11c · Fees: accounting

    total $33,650 · management and general $33,650

  • 11f · Fees: investment management

    total $57,918 · management and general $57,918

  • 11g · Fees: other

    total $23,181 · management and general $7,114 · fundraising $16,067

  • 13 · Office expenses

    total $58,421 · management and general $5,939 · fundraising $52,482

  • 14 · Information technology

    total $21,965 · program services $2,080 · management and general $4,485 · fundraising $15,400

  • 17 · Travel

    total $46,245 · management and general $8,728 · fundraising $37,517

  • 19 · Conferences, conventions and meetings

    total $5,018 · management and general $1,149 · fundraising $3,869

  • 20 · Interest

    total $3,293 · management and general $3,293

  • 23 · Insurance

    total $45,451 · fundraising $45,451

  • 24a · Other expenses: FRATERNITY SERVICES

    total $92,979 · management and general $55,787 · fundraising $37,192

  • 24b · Other expenses: ALUMNI DEVELOPMENT

    total $14,123 · fundraising $14,123

  • 24c · Other expenses: PUBLIC RELATIONS

    total $7,863 · management and general $7,863

  • 24d · Other expenses: EDUCATION & TRAINING

    total $6,963 · management and general $6,963

  • 24e · All other expenses

    total $1,122 · management and general $927 · fundraising $195

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $422,465 · end of year $633,357

  • 2 · Savings and temporary cash investments

    beginning of year $167,898 · end of year $492,282

  • 3 · Pledges and grants receivable

    beginning of year $818,334 · end of year $1,208,627

  • 4 · Accounts receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $12,292 · end of year $11,588

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,723 · end of year $16,908

  • 11 · Investments: publicly traded securities

    beginning of year $11,562,270 · end of year $12,587,603

  • 15 · Other assets

    beginning of year $801,532 · end of year $820,095

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,588 · end of year $15,201

  • 24 · Unsecured notes and loans payable

    beginning of year $129,704 · end of year $108,658

  • 25 · Other liabilities

    beginning of year $58,791 · end of year $86,458

  • 27 · Net assets without donor restrictions

    beginning of year -$526,544 · end of year -$72,687

  • 28 · Net assets with donor restrictions

    beginning of year $14,130,975 · end of year $15,632,830

Mission and programs · 2024

Mission

TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES BY PROVIDING SCHOLARSHIPS, STUDENT AID AND ASSISTANCE TO NEEDY AND DESERVING STUDENTS AND BY THE DEVELOPMENT OF EDUCATIONAL WORK IN THE CHAPTERS OF DELTA SIGMA PHI FRATERNITY.

  • SCHOLARSHIPS AND GRANTS TO DELTA SIGMA PHI FRATERNITY AND OTHER LOCAL CHAPTERS.

    Expenses $1,180,382 · Grants $1,178,302 · Revenue $14,134

As filed on the 2024 return.

Listed in Part VII

  • MICHAEL HOFFMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • BRIAN ASHBY

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • TIMOTHY GENTRY

    SECRETAR/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JUSTIN BALDWIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN BOMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEFF COVA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DOUG EROH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RODNEY GOULD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ERIK JOHANNESEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BARRY KALIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOSH MERCHANT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TOM SETO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SCOTT UELNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PHIL ROGRIGUEZ

    CEO

    Total calculated
    $261,116
    From this org
    $47,199
    From related orgs
    $188,795
    Other
    $25,122
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $38,389 + $153,554 related
    Bonus
    $8,649 + $34,597 related
    Other
    $161 + $644 related
    Deferred
    $0
    Nontaxable benefits
    $5,024 + $20,098 related
    Filer's total
    $52,223 + $208,893 related

  • NATHAN WIGHT

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $152,364
    From this org
    $143,045
    From related orgs
    $0
    Other
    $9,319
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $143,045
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,319
    Filer's total
    $152,364

  • COURTNEY WILLIAMS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $164,294
    From this org
    $32,859
    From related orgs
    $131,435
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $30,804 + $123,215 related
    Bonus
    $2,055 + $8,220 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $32,859 + $131,435 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, LINE 3
THE RELATED ORGANIZATION, DELTA SIGMA PHI FRATERNITY, USES A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS AND APPROVAL BY A COMPENSATION COMMITTEE IN DETERMINING THE COMPENSATION OF THE CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
5 March 2026
IRS schema version
2024v5.5
Source object
202600659349300110

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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