Theta Delta Chi Educational Foundation Inc
- Assets
- $5.8m
- Revenue
- $1.7m
- Investments
- $562.8k
- Employees
- 3
- Location
- Boston, MA
- Founding
- 01/1990
- Data as of
- 06/2022
- EIN
- 04-3026850
Organization Overview
Theta Delta Chi Educational Foundation Inc is located in Boston, MA. The organization was established in 1990. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Theta Delta Chi Educational Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theta Delta Chi Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Theta Delta Chi Educational Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $461.3k during the year ending 06/2022. While expenses have increased by 0.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Theta Delta Chi Educational Foundation Inc has awarded 31 individual grants totaling $472,081. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION STRIVES TO IMPROVE THE COLLEGE EDUCATION EXPERIENCE BY AWARDING SCHOLARSHIPS TO INDIVIDUAL CHAPTER MEMBERS, EDUCATIONAL GRANTS TO MEMBER CHAPTERS, SUPPORTING THE ANNUAL CONVENTION FOR THE CHAPTERS, AND ASSISTING IN PUBLICATIONS PROVIDED TO THE CHAPTERS AND MEMBERS OF THE THETA DELTA CHI FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOLARSHIP PROGRAM PROVIDED 25,091 OF DIRECT SCHOLARSHIPS TO MEMBERS BASED ON APPLICATIONS RECEIVED, REVIEWED BY GOVERNANCE, AND SCHOLARSHIPS AWARDED IN ACCORDANCE WITH INTERNAL REVENUE SERVICE GUIDELINES. SUPPORT WAS PROVIDED TO MEMBERS, CHAPTERS, AND OTHER SUPPORTERS OF THE THETA DELTA CHI FRATERNITY THROUGH THE PUBLICATION OF THE SHIELD AND ASSISTING IN THE ANNUAL CONVENTION OF THE CHAPTERS. THE ORGANIZATION FURTHER SUPPORTS THE MEMBERS AND CHAPTERS THROUGH PROVIDING ALUMNI AND OTHER SUPPORTERS A STRUCTURE TO PROVIDE CURRENT AND LONG-TERM FUNDS TO ASSURE SCHOLARSHIPS WILL REMAIN AVAILABLE FAR INTO THE FUTURE.
EDUCATIONAL GRANTS OF 27,678 WERE PROVIDED THE TAX EXEMPT ORGANIZATIONS OF MEMBERS FOR EXCLUSIVELY EDUCATIONAL PURPOSES WITHIN THE GUIDELINES APPROVED BY THE INTERNAL REVENUE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Dietz Director | Trustee | 1 | $0 |
Taylor Early Director | Trustee | 1 | $0 |
Corey Egler Director | Trustee | 1 | $0 |
Alex Frisvold Treasurer | OfficerTrustee | 2 | $0 |
Chris Fuchetti Director | Trustee | 1 | $0 |
John Geisler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $678,837 |
| Noncash contributions included in lines 1a–1f | $435,489 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $678,837 |
| Total Program Service Revenue | $0 |
| Investment income | $197,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,952 |
| Net Gain/Loss on Asset Sales | $753,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,665,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,678 |
| Grants and other assistance to domestic individuals. | $25,091 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,782 |
| Payroll taxes | $14,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,261 |
| Advertising and promotion | $0 |
| Office expenses | $28,297 |
| Information technology | $5,041 |
| Royalties | $0 |
| Occupancy | $38,524 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $814 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,180 |
| Insurance | $0 |
| All other expenses | $7,969 |
| Total functional expenses | $461,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $417,194 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $453,844 |
| Investments—publicly traded securities | $4,359,494 |
| Investments—other securities | $562,814 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,999 |
| Total assets | $5,802,345 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,428 |
| Total liabilities | $39,428 |
| Net assets without donor restrictions | $4,227,361 |
| Net assets with donor restrictions | $1,535,556 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,802,345 |
Grants Awarded
Over the last fiscal year, Theta Delta Chi Educational Foundation Inc has awarded $24,884 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GRAND LODGE OF THETA DELTA CHI PURPOSE: CONVENTION TRAVEL | $7,500 |
GRAND LODGE OF THETA DELTA CHI PURPOSE: EDUCATIONAL & CHARIT | $7,084 |
SPECTEMUR AGENDO FOUNDATION PURPOSE: STUDENT ASSISTANCE | $10,300 |