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Nonprofiteer
← DELTA GAMMA FOUNDATION

Form 990 for tax year 2023

Filed by DELTA GAMMA FOUNDATION.

Totals

Total revenue
$11,813,634
Total expenses
$6,291,691
Contributions and grants received
$5,825,862
Grants paid
$3,550,340
Program service revenue
$0
Investment income
$6,029,069
Other revenue
-$41,297
Total assets, end of year
$51,428,227
Total liabilities, end of year
$1,446,613
Net assets or fund balances, end of year
$49,981,614
Program services expenses (Part IX)
$3,742,824
Management and general expenses
$1,132,100
Fundraising expenses
$1,416,767
Program service expenses (Part III)
$3,742,824

Program services were 59.5% 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.

  • 1c · Fundraising events

    $1,427,518

  • 1f · All other contributions, gifts and grants

    $4,398,344

  • 1g · Noncash contributions included above

    $90,329

  • 3 · Investment income

    total $1,206,586 · excluded $1,206,586

  • 6a · Gross rents

    real property $6,558

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $6,558

  • 6d · Net rental income or loss

    total $6,558 · excluded $6,558

  • 7a · Gross sales of assets other than inventory

    securities $4,914,903

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

    securities $92,420

  • 7c · Gain or loss

    securities $4,822,483

  • 7d · Net gain or loss

    total $4,822,483 · excluded $4,822,483

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $1,427,518

  • 8b · Fundraising events: direct expenses

    $106,440

  • 8c · Net income from fundraising events

    total -$106,440 · excluded -$106,440

  • 11a · Other revenue: OTHER INCOME

    total $58,585 · related or exempt $58,585

  • 11e · Other revenue, total

    $58,585

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,383,931 · program services $2,383,931

  • 2 · Grants to domestic individuals

    total $1,145,413 · program services $1,145,413

  • 3 · Grants to foreign organizations and individuals

    total $20,996 · program services $20,996

  • 5 · Compensation of officers, directors and key employees

    total $179,987 · program services $12,202 · management and general $68,083 · fundraising $99,702

  • 7 · Other salaries and wages

    total $1,234,781 · program services $82,864 · management and general $463,643 · fundraising $688,274

  • 9 · Other employee benefits

    total $52,922 · program services $3,854 · management and general $21,101 · fundraising $27,967

  • 10 · Payroll taxes

    total $95,864 · program services $6,433 · management and general $35,996 · fundraising $53,435

  • 11b · Fees: legal

    total $53,444 · management and general $36,198 · fundraising $17,246

  • 11c · Fees: accounting

    total $31,875 · management and general $31,875

  • 11e · Fees: professional fundraising services

    total $6,300 · fundraising $6,300

  • 11f · Fees: investment management

    total $91,026 · management and general $91,026

  • 11g · Fees: other

    total $25,273 · program services $11,775 · management and general $17 · fundraising $13,481

  • 12 · Advertising and promotion

    total $3,061 · management and general $1,155 · fundraising $1,906

  • 13 · Office expenses

    total $196,881 · program services $32,884 · management and general $24,776 · fundraising $139,221

  • 14 · Information technology

    total $140,220 · program services $6,000 · management and general $46,536 · fundraising $87,684

  • 16 · Occupancy

    total $66,792 · management and general $66,792

  • 17 · Travel

    total $95,749 · program services $7,025 · management and general $35,856 · fundraising $52,868

  • 19 · Conferences, conventions and meetings

    total $255,146 · program services $29,447 · management and general $136,677 · fundraising $89,022

  • 22 · Depreciation, depletion and amortization

    total $32,239 · management and general $32,239

  • 23 · Insurance

    total $30,319 · management and general $30,319

  • 24a · Other expenses: ADMINISTRATIVE FEE

    total $102,694 · fundraising $102,694

  • 24b · Other expenses: MISCELLANEOUS

    total $46,778 · management and general $9,811 · fundraising $36,967

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,012,256 · end of year $1,408,241

  • 2 · Savings and temporary cash investments

    beginning of year $830,040 · end of year $620,333

  • 4 · Accounts receivable

    beginning of year $6,798 · end of year $80,548

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,074 · end of year $59,344

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

    $1,851,925

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

    $1,489,869

  • 10c · Land, buildings and equipment, net

    beginning of year $389,654 · end of year $362,056

  • 11 · Investments: publicly traded securities

    beginning of year $42,581,229 · end of year $46,339,670

  • 13 · Investments: program-related

    beginning of year $36,726 · end of year $12,526

  • 15 · Other assets

    beginning of year $2,205,339 · end of year $2,545,509

  • 17 · Accounts payable and accrued expenses

    beginning of year $391,718 · end of year $294,980

  • 18 · Grants payable

    beginning of year $973,339 · end of year $997,341

  • 25 · Other liabilities

    beginning of year $165,760 · end of year $154,292

  • 27 · Net assets without donor restrictions

    beginning of year $15,170,130 · end of year $16,164,526

  • 28 · Net assets with donor restrictions

    beginning of year $30,389,169 · end of year $33,817,088

Mission and programs · 2023

Mission

THE DELTA GAMMA FOUNDATION FOSTERS LIFETIME ENRICHMENT FOR MEMBERS, PROMOTES SERVICE FOR SIGHT, AND PARTNERS WITH THE FRATERNITY TO ENSURE THE FUTURE OF OUR SISTERHOOD.

Activities or mission (Part I)

TO PROVIDE A MEANS BY WHICH THE MEMBERS OF DELTA GAMMA FRATERNITY MAY ACT IN CONCERT WITH EACH OTHER IN THE FURTHERANCE OF EXCLUSIVELY CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL OBJECTIVES, SPECIFICALLY INCLUDING, BUT NOT LIMITED TO SIGHT PRESERVATION AND SERVICES FOR THOSE WHO ARE VISUALLY IMPAIRED OR BLIND; THE AWARDING OF SCHOLARSHIPS, FELLOWSHIPS, GRANTS AND LOANS FOR UNIVERSITY STUDY TO DESERVING STUDENTS; AND SUCH OTHER EXCLUSIVELY CHARITABLE AND EDUCATIONAL PROGRAMS AS MAY BE DESIGNATED BY THE BOARD OF TRUSTEES; PROVIDED HOWEVER, THAT NO SUBSTANTIAL PART OF THE ACTIVITIES OF WHICH CONSIST OF THE CARRYING ON OF PROPAGANDA OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION OR PARTICIPATING IN OR INTERVENING IN (INCLUDING THE PUBLISHING OR DISTRIBUTION OF STATEMENTS) ANY POLITICAL CAMPAIGN ON BEHALF OF (OR IN OPPOSITION TO) ANY CANDIDATES FOR PUBLIC OFFICE, AND NO PART OF THE NET EARNINGS OF WHICH INURE TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL, AND OTHERWISE.

  • DELTA GAMMA FOUNDATION SUPPORTS ITS MEMBERS THROUGH EDUCATIONAL SCHOLARSHIPS AND FELLOWSHIPS.

    Expenses $1,257,816 · Grants $1,209,353

  • OTHER PROGRAMS ARE DEVELOPED TO PROMOTE AND ENCOURAGE HIGHER EDUCATION, SELF DEVELOPMENT, AND AID TO THE BLIND. THESE PROGRAMS BENEFIT ALL DELTA GAMMA UNDERGRADUATES AND SIGHT IMPAIRED PERSONS. THE FOUNDATION PROVIDED GRANTS TO OTHER EXEMPT ORGANIZATIONS WHO SUPPORT AND ENDORSE PROGRAMS FOR AID TO PERSONS WHO ARE BLIND AND HELP WITH SIGHT PRESERVATION.

    Expenses $1,115,649 · Grants $1,064,081

  • DELTA GAMMA FOUNDATION SUPPORTS ITS MEMBERS THROUGH EDUCATIONAL GRANTS TO THE DELTA GAMMA FRATERNITY.

    Expenses $892,454 · Grants $800,000

  • NEEDS BASED SCHOLARSHIP PROGRAM TO HELP LOWER THE MEMBERS' RELIANCE ON STUDENT LOAN DEBT. AWARDS ARE MADE TO UNDERGRADUATE MEMBERS UPON THEIR PROVEN FINANCIAL NEED AS DEMONSTRATED ON THEIR INSTITUTIONAL FINANCIAL AID AWARD LETTER.

    Expenses $476,905 · Grants $476,905

  • THE FOUNDATION PROVIDES FOR EDUCATIONAL AREA HOUSING GRANTS. THESE GRANTS ARE BASED ON QUALIFYING EDUCATIONAL SPACES WITHIN DELTA GAMMA FRATERNITY CHAPTER HOUSING FACILITIES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Danielle E D'Arcy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dr Amy R Ayres

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Lee C Deadwyler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Kim Schmoker Hunnewell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Susan Meyer Kornegay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Surgalski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Shenea Stephenson Strader

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Stuart Ragusa

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Lynne C Thieme

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Jill Elizabeth Roshto

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Leslie Loop Martin

    EXECUTIVE DIRECTOR

    Total calculated
    $161,461
    From this org
    $144,689
    From related orgs
    $0
    Other
    $16,772
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,689
    Bonus
    $0
    Other
    $0
    Deferred
    $5,329
    Nontaxable benefits
    $11,443
    Filer's total
    $161,461

  • Ernest Holladay

    DIRECTOR OF FINANCE

    Total calculated
    $121,414
    From this org
    $115,879
    From related orgs
    $0
    Other
    $5,535
    Hours/week
    40

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 March 2025
IRS schema version
2023v6.0
Source object
202520889349300112

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

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