Skip to content
Nonprofiteer
← DELTA CHI EDUCATIONAL FOUNDATION INC

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 Arnold

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Andrew R Haggerty

    VP PROGRAMS

    Total calculated
    $0
    Hours/week
    1
  • John S Ziegler

    VP COMMITTEES

    Total calculated
    $0
    Hours/week
    1
  • David Edwards

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Travis Covey

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Jim Marascio

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Jason Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Carroll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Peter Chandler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Dave Cloutier

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1
  • Bobby L Dewrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Geary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bob Hendershot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steven R Michels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Eric Kerstetter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donald E La Plante

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Aaron Otto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Don Turk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Miles Washburn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patrick F Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Chad M Wolett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Justin 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

Provenance

Return type
form_990
Tax year
2023
Filed
18 July 2024
IRS schema version
2023v5.1
Source object
202402049349300120

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

The source document this was parsed from is served over the API, which is where bulk and document access live.