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Nonprofiteer
← DELTA TAU DELTA EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2022

Filed by DELTA TAU DELTA EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$4,515,296
Total expenses
$6,029,670
Contributions and grants received
$3,700,424
Grants paid
$3,889,757
Program service revenue
$151,162
Investment income
$663,710
Other revenue
$0
Total assets, end of year
$26,765,129
Total liabilities, end of year
$452,633
Net assets or fund balances, end of year
$26,312,496
Program services expenses (Part IX)
$4,506,951
Management and general expenses
$743,463
Fundraising expenses
$779,256
Program service expenses (Part III)
$4,506,951

Program services were 74.7% 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

    $3,700,424

  • 1g · Noncash contributions included above

    $469,761

  • 2a · Program service revenue: RENTAL INCOME FROM DELTA TAU DELTA FRATERNITY

    total $149,967 · related or exempt $149,967

  • 2b · Program service revenue: MISCELLANEOUS INCOME

    total $1,195 · related or exempt $1,195

  • 3 · Investment income

    total $660,707 · unrelated business -$3,300 · excluded $664,007

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $5,616,383

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

    securities $5,613,380

  • 7c · Gain or loss

    securities $3,003

  • 7d · Net gain or loss

    total $3,003 · excluded $3,003

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,861,007 · program services $3,861,007

  • 2 · Grants to domestic individuals

    total $28,750 · program services $28,750

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $340,537 · program services $85,064 · management and general $130,298 · fundraising $125,175

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $553,894 · program services $141,918 · management and general $215,961 · fundraising $196,015

  • 8 · Pension plan contributions

    total $32,665 · program services $11,845 · management and general $21,628 · fundraising -$808

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $65,279 · program services $18,133 · management and general $25,419 · fundraising $21,727

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $15,579 · program services $6,031 · management and general $1,104 · fundraising $8,444

  • 11c · Fees: accounting

    total $44,818 · program services $13,445 · management and general $31,373

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $82,609 · fundraising $82,609

  • 11f · Fees: investment management

    total $43,091 · management and general $43,091

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $282,825 · program services $77,886 · management and general $60,015 · fundraising $144,924

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $120,421 · program services $80,393 · management and general $36,584 · fundraising $3,444

  • 17 · Travel

    total $79,620 · program services $22,014 · fundraising $57,606

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $172,088 · program services $79,220 · management and general $92,868

  • 20 · Interest

    total $12,054 · fundraising $12,054

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $79,345 · program services $52,971 · management and general $24,105 · fundraising $2,269

  • 23 · Insurance

    total $103,206 · program services $18,265 · management and general $43,028 · fundraising $41,913

  • 24a · Other expenses: FUNDRAISING

    total $8,750 · fundraising $8,750

  • 24b · Other expenses: DONOR RECOGNITION EXPENSE

    total $43,044 · program services $42 · management and general $411 · fundraising $42,591

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $60,088 · program services $9,967 · management and general $17,578 · fundraising $32,543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,543,768 · end of year $1,987,540

  • 3 · Pledges and grants receivable

    beginning of year $1,771,606 · end of year $2,007,800

  • 4 · Accounts receivable

    beginning of year $0 · end of year $192,504

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $527,596 · end of year $493,027

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $145,384 · end of year $94,713

  • 10a · Land, buildings and equipment: cost or other basis

    $4,329,278

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,534,477

  • 10c · Land, buildings and equipment, net

    beginning of year $1,861,294 · end of year $1,794,801

  • 11 · Investments: publicly traded securities

    beginning of year $16,070,649 · end of year $19,218,579

  • 12 · Investments: other securities

    beginning of year $2,687,698 · end of year $468,520

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $555,603 · end of year $507,645

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,248 · end of year $69,184

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $576,370 · end of year $383,449

  • 27 · Net assets without donor restrictions

    beginning of year $3,226,085 · end of year $3,023,879

  • 28 · Net assets with donor restrictions

    beginning of year $23,291,895 · end of year $23,288,617

Mission and programs · 2022

Mission

THE DELTA TAU DELTA EDUCATIONAL FOUNDATION, INC. IS ORGANIZED TO RAISE, MANAGE AND GRANT FUNDS FOR THE BENEFIT OF THE EDUCATIONAL AND LEADERSHIP PROGRAMS OF DELTA TAU DELTA FRATERNITY AND ITS CHAPTERS SO MEMBERS FULFILL THE DELT CREED, LIVE LIVES OF EXCELLENCE, AND THEREBY HAVE A POSITIVE IMPACT ON SOCIETY.

Activities or mission (Part I)

THE DELTA TAU DELTA EDUCATIONAL FOUNDATION, INC. IS ORGANIZED TO ENCOURAGE, ASSIST, PROMOTE, FOSTER, AND SUPPORT EDUCATION.

  • CHAPTER ASSISTANCE: SUPPORT TO CHAPTERS THROUGH GRANTING OF FUNDS FOR QUALIFIED EDUCATIONAL HOUSING IMPROVEMENTS AND EDUCATIONAL INITIATIVES.

    Expenses $3,769,201 · Grants $3,256,325 · Revenue $126,418

  • INDIVIDUAL AND GROUP COUNSELING: THE CONDUCT OF INDIVIDUAL AND GROUP COUNSELING TO CHAPTER MEMBERS AND THE TRAINING OF INDIVIDUALS TO DO SUCH COUNSELING. GROUP COUNSELING INCLUDES WORKSHOPS AND LECTURES ON LEADERSHIP AND PERSONAL DEVELOPMENT, RISK MANAGEMENT, UNDERSTANDING THE FREE ENTERPRISE SYSTEM, ACHIEVEMENT OF HIGH SCHOLASTIC ATTAINMENT, CITIZENSHIP AND PATRIOTISM, ALCOHOL AND SUBSTANCE ABUSE PREVENTION, AND ADVANCED LEADERSHIP TRAINING FOR SELECTED INDIVIDUALS. INDIVIDUAL COUNSELING INCLUDES ONE-ON-ONE SESSIONS WITH SELECTED UNDERGRADUATE CHAPTER MEMBERS OF THE DELTA TAU DELTA FRATERNITY REGARDING LEADERSHIP OPPORTUNITIES, SCHOLARSHIP, AND STUDYING TECHNIQUES. IN ADDITION, THE DELTA TAU DELTA EDUCATIONAL FOUNDATION, INC. CONDUCTS CHARITABLE AND EDUCATIONAL ACTIVITIES AT THE DELTA TAU DELTA FRATERNITY'S ANNUAL DIVISIONAL CONFERENCES AND BIENNIAL NATIONAL CONVENTION. SUCH ACTIVITIES INCLUDE WORKSHOPS AND SEMINARS IN THE AREAS OF LEADERSHIP, SCHOLARSHIP, LIFE SKILLS, SUBSTANCE AND ALCOHOL ABUSE AND SIMILAR SUBJECTS. SUCH ACTIVITIES ALSO INCLUDE REPORTS OF VARIOUS COMMITTEES ON SCHOLARSHIP, CHARITABLE AND EDUCATIONAL ENDEAVORS AND SIMILAR SUBJECTS. THE ORGANIZATION ALSO PROVIDES 3-DAY INTENSIVE LEADERSHIP EDUCATION EXPERIENCE DESIGNED SPECIFICALLY FOR UNDERGRADUATE CHAPTER PRESIDENTS AND CHAPTER ADVISORS REGARDING INTEGRITY, ACCOUNTABILITY, LEADERSHIP STYLES, AND CREATING A FOUNDATION FOR EXCELLENCE.

    Expenses $578,751 · Grants $500,000 · Revenue $19,411

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $158,999 · Grants $137,364 · Revenue $5,333

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Steven K Vedra

    President

    Total calculated
    $191,660
    From this org
    $181,660
    From related orgs
    $0
    Other
    $10,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,660
    Bonus
    $20,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,000
    Filer's total
    $191,660

  • Maurie Phelan

    VP of Finance & Operations

    Total calculated
    $117,338
    From this org
    $115,838
    From related orgs
    $0
    Other
    $1,500
    Hours/week
    40

  • Tony Vukusich

    VP of Advancement

    Total calculated
    $115,211
    From this org
    $103,511
    From related orgs
    $0
    Other
    $11,700
    Hours/week
    40

  • John W Gleeson

    Director

    Total calculated
    $0
    Hours/week
    5

  • Daniel C Stith

    Vice Chairman

    Total calculated
    $0
    Hours/week
    5

  • J Coley Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Daniel A Dungan

    Director

    Total calculated
    $0
    Hours/week
    5

  • Kent R Hance

    Director

    Total calculated
    $0
    Hours/week
    5

  • Jeffry L Henning

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Gregory N Kazarian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michael D Shonrock

    Chairman

    Total calculated
    $0
    Hours/week
    5

  • Alexander R Schriver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • P Christopher Mickel

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Millard B Byrne

    Director

    Total calculated
    $0
    Hours/week
    5

  • Timothy P Cullen

    Director

    Total calculated
    $0
    Hours/week
    5

  • Greg D Ethridge

    Director

    Total calculated
    $0
    Hours/week
    5

  • William V McMeans

    Director

    Total calculated
    $0
    Hours/week
    5

  • Rosario A Palmieri

    Director

    Total calculated
    $0
    Hours/week
    5

  • Anthony J Albanese

    Director

    Total calculated
    $0
    Hours/week
    5

  • Rory R Jones

    Director

    Total calculated
    $0
    Hours/week
    5

  • Jerome R Kerkman

    Director

    Total calculated
    $0
    Hours/week
    5

  • Craig A Luke

    Director

    Total calculated
    $0
    Hours/week
    5

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 June 2024
IRS schema version
2022v5.0
Source object
202411249349301941

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