Form 990 for tax year 2022
Filed by DELTA KAPPA EPSILON INC THE ASSOCIATION OF SIGMA TAU ALUMNI.
Totals
- Total revenue
- $1,077,381
- Total expenses
- $232,377
- Contributions and grants received
- $856,750
- Grants paid
- $0
- Program service revenue
- $88,031
- Investment income
- $132,600
- Other revenue
- $0
- Total assets, end of year
- $3,609,604
- Total liabilities, end of year
- $1,565,281
- Net assets or fund balances, end of year
- $2,044,323
- Program services expenses (Part IX)
- $113,014
- Management and general expenses
- $119,363
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $113,014
Program services were 48.6% 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
$856,750
-
2a · Program service revenue: RENTAL INCOME
total $88,031 · related or exempt $88,031
-
3 · Investment income
total $6,396 · excluded $6,396
-
7a · Gross sales of assets other than inventory
other assets $126,204
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $126,204
-
7d · Net gain or loss
total $126,204 · unrelated business $126,204
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $3,000 · management and general $3,000
-
11c · Fees: accounting
total $2,530 · management and general $2,530
-
11g · Fees: other
total $8,178 · program services $8,178
-
13 · Office expenses
total $426 · management and general $426
-
20 · Interest
total $46,389 · program services $46,389
-
22 · Depreciation, depletion and amortization
total $89,594 · management and general $89,594
-
23 · Insurance
total $32,944 · program services $32,944
-
24a · Other expenses: REAL ESTATE TAXES
total $25,503 · program services $25,503
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $10,067 · management and general $10,067
-
24c · Other expenses: MEALS
total $8,980 · management and general $8,980
-
24d · Other expenses: SMALL TOOLS AND EQUIPME
total $4,226 · management and general $4,226
-
24e · All other expenses
total $540 · management and general $540
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $34,409 · end of year $289,594
-
2 · Savings and temporary cash investments
beginning of year $4,213 · end of year $0
-
4 · Accounts receivable
beginning of year $53,219 · end of year $48,316
-
10a · Land, buildings and equipment: cost or other basis
$3,646,098
-
10b · Land, buildings and equipment: accumulated depreciation
$874,230
-
10c · Land, buildings and equipment, net
beginning of year $2,801,791 · end of year $2,771,868
-
12 · Investments: other securities
beginning of year $0 · end of year $499,826
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $44,982
-
23 · Secured mortgages and notes payable
beginning of year $1,561,758 · end of year $1,520,299
-
27 · Net assets without donor restrictions
beginning of year $1,331,874 · end of year $2,044,323
Mission and programs · 2022
Mission
TO ESTABLISH AND MAINTAIN A PLACE OF RESIDENCE FOR STUDENTS ATTENDING THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY. TO SUPPORT FULLY THE EDUCATIONAL GOALS OF THE MASSACHUSETTS INSTITUTE OF TECHNOLGY, TO FOSTER THE SCHOLARLY, LITERARY, AND CULTURAL DEVELOPMENT OF THE MEMBERS.
-
INTEREST
Expenses $46,389
-
REAL ESTATE TAXES
Expenses $25,503
-
INSURANCE
Expenses $32,944
-
ALUMNI RELATIONS
Expenses $8,178
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Todd HiersTODD HIERS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tracy ClarkTRACY CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Louis FrascoLOUIS FRASCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George MabryGEORGE MABRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ralph GrismalaRALPH GRISMALA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Douglas VincentDOUGLAS VINCENT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ned GordonNED GORDON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Evan TencerEVAN TENCER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Steve QuattrocciochiSTEVE QUATTROCCIOCHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris HallCHRIS HALL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Mark WrightMARK WRIGHT
ALUMNI RELATIONS
- Total calculated
- $0
- Hours/week
- 1
-
Julian VieraJULIAN VIERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin LyonsKEVIN LYONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark SpadaforaMARK SPADAFORA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Spencer HylenSPENCER HYLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas DelvinTHOMAS DELVIN
HOUSE MANAGER
- Total calculated
- $0
- Hours/week
- 1
-
Christian JamisonCHRISTIAN JAMISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420759349300147
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