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Nonprofiteer
← PHI DELTA THETA FOUNDATION

Form 990 for tax year 2023

Filed by PHI DELTA THETA FOUNDATION.

Totals

Total revenue
$9,336,527
Total expenses
$3,316,755
Contributions and grants received
$3,064,891
Grants paid
$1,680,921
Program service revenue
$0
Investment income
$6,061,104
Other revenue
$210,532
Total assets, end of year
$36,900,341
Total liabilities, end of year
$132,460
Net assets or fund balances, end of year
$36,767,881
Program services expenses (Part IX)
$2,074,392
Management and general expenses
$909,791
Fundraising expenses
$332,572
Program service expenses (Part III)
$2,074,392

Program services were 62.5% 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.

  • 1f · All other contributions, gifts and grants

    $3,064,891

  • 3 · Investment income

    total $666,552 · excluded $666,552

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $177,632

  • 6c · Rental income or loss

    real property $177,632

  • 6d · Net rental income or loss

    total $177,632 · excluded $177,632

  • 7a · Gross sales of assets other than inventory

    securities $28,903,132

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

    securities $23,508,580

  • 7c · Gain or loss

    securities $5,394,552

  • 7d · Net gain or loss

    total $5,394,552 · excluded $5,394,552

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other Revenue

    total $32,900 · related or exempt $32,900

  • 11e · Other revenue, total

    $32,900

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,034,890 · program services $1,034,890

  • 2 · Grants to domestic individuals

    total $636,331 · program services $636,331

  • 3 · Grants to foreign organizations and individuals

    total $9,700 · program services $9,700

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $133,003 · program services $42,827 · management and general $85,215 · fundraising $4,961

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $577,984 · program services $186,115 · management and general $370,311 · fundraising $21,558

  • 8 · Pension plan contributions

    total $32,285 · program services $10,396 · management and general $20,685 · fundraising $1,204

  • 9 · Other employee benefits

    total $68,003 · program services $21,898 · management and general $43,569 · fundraising $2,536

  • 10 · Payroll taxes

    total $43,126 · program services $13,887 · management and general $27,631 · fundraising $1,608

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $18,957 · program services $6,104 · management and general $12,146 · fundraising $707

  • 11c · Fees: accounting

    total $2,500 · program services $805 · management and general $1,602 · fundraising $93

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $130,338 · fundraising $130,338

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $42,251 · management and general $42,251

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $34,866 · program services $11,227 · management and general $22,338 · fundraising $1,301

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $35,122 · program services $11,309 · management and general $22,502 · fundraising $1,311

  • 17 · Travel

    total $164,604 · program services $11,507 · management and general $22,895 · fundraising $130,202

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $131,575 · program services $42,368 · management and general $84,299 · fundraising $4,908

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Uncollectible pledges

    total $81,002 · management and general $81,002

  • 24b · Other expenses: Bank fees & services charges

    total $48,954 · program services $15,763 · management and general $31,365 · fundraising $1,826

  • 24c · Other expenses: Miscellaneous

    total $19,890 · program services $4,732 · management and general $9,413 · fundraising $5,745

  • 24d · Other expenses: Prospect research

    total $15,934 · fundraising $15,934

  • 24e · All other expenses

    total $55,440 · program services $14,533 · management and general $32,567 · fundraising $8,340

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $2,960,262 · end of year $3,472,946

  • 3 · Pledges and grants receivable

    beginning of year $1,854,646 · end of year $1,549,557

  • 4 · Accounts receivable

    beginning of year $203,981 · end of year $125,287

  • 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

    beginning of year $50,922 · end of year $58,027

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

    $4,196,881

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

    $3,290,553

  • 10c · Land, buildings and equipment, net

    beginning of year $1,022,488 · end of year $906,328

  • 11 · Investments: publicly traded securities

    beginning of year $25,706,835 · end of year $29,766,325

  • 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

    beginning of year $969,546 · end of year $1,021,871

  • 17 · Accounts payable and accrued expenses

    beginning of year $140,119 · end of year $93,246

  • 25 · Other liabilities

    beginning of year $52,645 · end of year $39,214

  • 27 · Net assets without donor restrictions

    beginning of year $3,252,564 · end of year $3,880,892

  • 28 · Net assets with donor restrictions

    beginning of year $29,323,352 · end of year $32,886,989

Mission and programs · 2023

Mission

To strengthen men for life by building on the tradition of our core values: Friendship, Sound Learning, and Rectitude.

  • Provide educational grants for programs supporting leadership development, alcohol abuse education, management and other skill improvement. These programs impact more than 12,000 college students per year.

    Expenses $1,040,681 · Grants $647,210

  • Provide scholarships and fellowships to over 300 individuals to recognize outstanding scholarship, leadership, and community involvement.

    Expenses $636,331 · Grants $636,331

  • Other program expenses used to provide programming, education, and support for students to enhance their individual intellectual, character, and leadership skills. This includes educational area housing grants to chapter housing corporations.

    Expenses $397,380 · Grants $397,380

As filed on the 2023 return.

Listed in Part VII

  • Sean S Wagner

    President

    Total calculated
    $240,094
    From this org
    $0
    From related orgs
    $207,619
    Other
    $32,475
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    not reported + $207,619 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $32,475 related
    Filer's total
    not reported + $240,094 related

  • W Andrew Cole

    Sr. VP of Advancement

    Total calculated
    $133,003
    From this org
    $113,269
    From related orgs
    $0
    Other
    $19,734
    Hours/week
    40

  • Frederick B Schultz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bradley R Shafer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark L Bye

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Michael S Hyatt

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joseph W Royce

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Howard Gellis

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Albert R Miller

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark Brueggeman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • William H Lappin Vice Chairman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • J David Almacy

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark B Chandler

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Henry G Heren IV

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • George Wood

    Trustee

    Total calculated
    $0
    Hours/week
    1

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349304324

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