Form 990 for tax year 2024
Filed by EMBRY-RIDDLE CHAPTER OF DELTA CHI FRATERNITY BUILDING CORPORATION IN.
Totals
- Total revenue
- $238,617
- Total expenses
- $192,882
- Contributions and grants received
- $16,699
- Grants paid
- $0
- Program service revenue
- $177,403
- Investment income
- $44,515
- Other revenue
- $0
- Total assets, end of year
- $1,937,670
- Total liabilities, end of year
- $1,001,219
- Net assets or fund balances, end of year
- $936,451
- Program services expenses (Part IX)
- $192,882
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $192,882
Program services were 100.0% 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
$10,971
-
1f · All other contributions, gifts and grants
$5,728
-
2a · Program service revenue: Fraternity House Rents
total $177,403 · related or exempt $177,403
-
3 · Investment income
total $44,515 · excluded $44,515
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $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 $0
-
2 · Grants to domestic individuals
total $0
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $25,200 · program services $25,200
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $1,970 · program services $1,970
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,500 · program services $1,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $14,621 · program services $14,621
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $938 · program services $938
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $15,136 · program services $15,136
-
17 · Travel
total $720 · program services $720
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,650 · program services $1,650
-
20 · Interest
total $64,818 · program services $64,818
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $54,925 · program services $54,925
-
23 · Insurance
total $4,877 · program services $4,877
-
24a · Other expenses: Donations
total $4,688 · program services $4,688
-
24b · Other expenses: Fire Alarm System
total $1,839 · program services $1,839
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $142,044 · end of year $27,959
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,923,816
-
10b · Land, buildings and equipment: accumulated depreciation
$440,022
-
10c · Land, buildings and equipment, net
beginning of year $1,538,719 · end of year $1,483,794
-
11 · Investments: publicly traded securities
beginning of year $241,825 · end of year $425,917
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $1,024,222 · end of year $1,001,219
-
27 · Net assets without donor restrictions
beginning of year $898,366 · end of year $936,451
Mission and programs · 2024
Mission
Title holding corporation for exempt organization college fraternity that provides housing for student fraternity members attending Embry-Riddle Aeronautical University.
-
Title holding corporation for exempt organization college fraternity which provides dormitory style housing for 22 fraternity member-students while they attend the university. The fraternity house is used by the entire membership of over 60 students.During 2016/2017 construction of a new fraternity house took place. Construction of this house was funded from a national fund-raising campaign and mortgage loan. Unit Rentals and the Educational Foundation provide funding sources utilized for building occupancy and debt service cost
Expenses $192,882
As filed on the 2024 return.
Listed in Part VII
-
Kenneth McCoig
President & CEO
- Total calculated
- $0
- Hours/week
- 0
-
Christian Wilder
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Ed Fusco
Director
- Total calculated
- $0
- Hours/week
- 0
-
John Mazur
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Spence Price
Director
- Total calculated
- $0
- Hours/week
- 0
-
Boyd Kelly
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Mitch Licht
Director
- Total calculated
- $0
- Hours/week
- 0
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Delta Chi Fraternity ERAU Chapter
501 (c) (7) · University Fraternity · FL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503159349306300
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