Form 990 for tax year 2023
Filed by DELTA CHI EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $1,568,414
- Total expenses
- $860,931
- Contributions and grants received
- $1,020,762
- Grants paid
- $262,944
- Program service revenue
- $0
- Investment income
- $545,545
- Other revenue
- $2,107
- Total assets, end of year
- $7,349,596
- Total liabilities, end of year
- $11,984
- Net assets or fund balances, end of year
- $7,337,612
- Program services expenses (Part IX)
- $280,939
- Management and general expenses
- $237,446
- Fundraising expenses
- $342,546
- Program service expenses (Part III)
- $280,939
Program services were 32.6% 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
$1,020,762
-
1g · Noncash contributions included above
$79,948
-
3 · Investment income
total $131,414 · excluded $131,414
-
7a · Gross sales of assets other than inventory
securities $3,759,068
-
7b · Less cost or other basis and sales expenses
securities $3,344,937
-
7c · Gain or loss
securities $414,131
-
7d · Net gain or loss
total $414,131 · excluded $414,131
-
11a · Other revenue: OTHER INCOME
total $2,107 · excluded $2,107
-
11e · Other revenue, total
$2,107
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $202,946 · program services $202,946
-
2 · Grants to domestic individuals
total $59,998 · program services $59,998
-
5 · Compensation of officers, directors and key employees
total $57,612 · management and general $57,612
-
7 · Other salaries and wages
total $119,090 · program services $16,382 · management and general $18,596 · fundraising $84,112
-
9 · Other employee benefits
total $7,234 · program services $350 · management and general $926 · fundraising $5,958
-
10 · Payroll taxes
total $11,788 · program services $1,263 · management and general $4,033 · fundraising $6,492
-
11b · Fees: legal
total $19,720 · management and general $19,720
-
11c · Fees: accounting
total $67,389 · management and general $67,389
-
11f · Fees: investment management
total $14,951 · management and general $14,951
-
11g · Fees: other
total $138,346 · fundraising $138,346
-
13 · Office expenses
total $24,583 · management and general $22,613 · fundraising $1,970
-
14 · Information technology
total $11,311 · fundraising $11,311
-
16 · Occupancy
total $3,300 · management and general $3,300
-
17 · Travel
total $9,593 · fundraising $9,593
-
19 · Conferences, conventions and meetings
total $40,657 · management and general $22,143 · fundraising $18,514
-
24a · Other expenses: PRINTING AND PUBLICATIO
total $44,854 · fundraising $44,854
-
24b · Other expenses: FUNDER AWARDS
total $15,461 · fundraising $15,461
-
24c · Other expenses: MISCELLANEOUS
total $12,098 · management and general $6,163 · fundraising $5,935
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $402,131 · end of year $465,384
-
4 · Accounts receivable
beginning of year $2,950,998 · end of year $2,548,654
-
9 · Prepaid expenses and deferred charges
beginning of year $5,269 · end of year $2,133
-
11 · Investments: publicly traded securities
beginning of year $3,319,760 · end of year $4,278,509
-
15 · Other assets
beginning of year $52,809 · end of year $54,916
-
17 · Accounts payable and accrued expenses
beginning of year $16,490 · end of year $11,984
-
27 · Net assets without donor restrictions
beginning of year $649,025 · end of year $821,852
-
28 · Net assets with donor restrictions
beginning of year $6,065,452 · end of year $6,515,760
Mission and programs · 2023
Mission
THE MISSION OF DELTA CHI EDUCATIONAL FOUNDATION IS TO DEVELOP, MANAGE AND STEWARD FINANCIAL RESOURCES IN SUPPORT OF THE DELTA CHI FRATERNITY'S ROLE IN PROMOTING THE ACQUISITION OF A SOUND EDUCATION.
Activities or mission (Part I)
THE MISSION OF DELTA CHI EDUCATIONAL FOUNDATION IS TO DEVELOP, MANAGE, AND STEWARD FINANCIAL RESOURCES IN SUPPORT OF THE DELTA CHI FRATERNITY'S ROLE IN PROMOTING THE ACQUISITION OF A SOUND EDUCATION.
-
ECHI ACCOUNTS: DCEF PROVIDES GRANTS FOR FRATERNITY HOUSING EXPENSES DEEMED EDUCATIONAL BY THE IRS. THESE EXPENSES INCLUDE DESIGN AND CONSTRUCTION, MAINTENANCE FOR STUDY ROOMS, LIBRARIES, COMPUTER ROOMS, LEADERSHIP TRAINING ROOMS, UTILITIES, AND EDUCATIONAL STORAGE ROOMS. DONATIONS TO ECHI ACCOUNTS ARE TAX-DEDUCTIBLE.
Expenses $169,409 · Grants $151,414
-
CHAPTER SCHOLARHIP ACCOUNTS PROVIDE A MEANS TO PROMOTE INCENTIVES THAT IMPROVE ACADEMICS, SUPPORT UNDERGRADUATES FOR ACADEMIC ACHIEVEMENT, ASSIST STUDENT MEMBERS TO INCREASE THEIR LEADERSHIP SKILLS, AND PROVIDE EDUCATIONAL PROGRAMMING FOR THE MEMBERS AND CHAPTERS. EACH CHAPTER'S CSA CAN BE UNIQUE IN THE WAY IT ASSISTS IN BENEFITING ITS MEMBERS AND CAN BE CUSTOMIZED BASED ON THE NEEDS OF THE CHAPTER.
Expenses $41,819 · Grants $41,819
-
THE PRESIDENT'S ("A") FROM EACH UNDERGRADUATE DELTA CHI CHAPTER ATTEND A LEADERSHIP, VALUES, AND MANAGEMENT SEMINAR AT THE BEGINNING OF THEIR TERM. IT IS THE FRATERNITY'S PREMIER PROGRAM THAT UTILIZES A CURRICULUM FOCUSED ON LEADERSHIP DEVELOPMENT AND GOAL SETTING THAT ARMS THE ATTENDEES TO RETURN TO THEIR CHAPTERS WITH CONFIDENCE AND NEW INSIGHT. IT IS PROVIDED AT NO COST TO THE ATTENDEES. DCEF PROVIDES A GRANT TO THE FRATERNITY HEADQUARTERS TO OFFSET THE INCURRED EXPENSES.
Expenses $51,500 · Grants $51,500
-
UNDERGRADUATE MEMBERS AND MEMBERS IN GRADUATE SCHOOL CAN APPLY FOR INDIVIDUAL SCHOLARSHIPS THAT ARE GRANTED FROM NUMEROUS FUND ACCOUNTS. THESE SCHOLARSHIPS CAN BE USED TOWARDS TUITION OR OTHER EDUCATIONAL RELATED EXPENSES. THE SCHOLARSHIPS RECOGNIZE ACADEMIC ACCOMPLISHMENTS, LEADERSHIP INVOLVEMENT IN CHAPTER AND CAMPUS, COMMUNITY INVOLVEMENT AND THE NEED FOR FINANCIAL AID.
Expenses $18,211 · Grants $18,211
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rod ArnoldROD ARNOLD
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Andrew R HaggertyANDREW R HAGGERTY
VP PROGRAMS
- Total calculated
- $0
- Hours/week
- 1
-
John S ZieglerJOHN S ZIEGLER
VP COMMITTEES
- Total calculated
- $0
- Hours/week
- 1
-
David EdwardsDAVID EDWARDS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Travis CoveyTRAVIS COVEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jim MarascioJIM MARASCIO
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jason ButlerJASON BUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike CarrollMIKE CARROLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter ChandlerPETER CHANDLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dave CloutierDAVE CLOUTIER
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Bobby L DewrellBOBBY L DEWRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike GearyMIKE GEARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob HendershotBOB HENDERSHOT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven R MichelsSTEVEN R MICHELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric KerstetterERIC KERSTETTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donald E La PlanteDONALD E LA PLANTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aaron OttoAARON OTTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don TurkDON TURK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason WalkerJASON WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Miles WashburnMILES WASHBURN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick F WeberPATRICK F WEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chad M WolettCHAD M WOLETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Justin ShermanJUSTIN SHERMAN
EXECUTIVE DIRECTOR
- Total calculated
- $57,612
- From this org
- $57,612
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12
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
-
EDUCATIONAL HOUSING GRANT
-
$50,000
TO SUPPORT THE DELTA CHI FRATERNITY'S ANNUAL "A'S" ACADEMY
-
EDUCATIONAL HOUSING GRANT
-
EDUCATIONAL HOUSING GRANT
-
EDUCATIONAL HOUSING GRANT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402049349300120
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