Delta Tau Delta Educational Foundation Inc
- Assets
- $27.2m
- Revenue
- $7.0m
- Investments
- $2.7m
- Employees
- 9
- Location
- Fishers, IN
- Founding
- 12/1981
- Data as of
- 07/2022
- EIN
- 31-1020203
Organization Overview
Delta Tau Delta Educational Foundation Inc is located in Fishers, IN. The organization was established in 1981. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 07/2022, Delta Tau Delta Educational Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Tau Delta 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 07/2022, Delta Tau Delta Educational Foundation Inc generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $3.7m during the year ending 07/2022. While expenses have increased by 7.8% 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, Delta Tau Delta Educational Foundation Inc has awarded 66 individual grants totaling $8,842,608. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE DELTA TAU DELTA EDUCATIONAL FOUNDATION, INC. IS ORGANIZED TO ENCOURAGE, ASSIST,PROMOTE,FOSTER, AND SUPPORT EDUCATION.
Describe the Organization's Program Activity:
CHAPTER ASSISTANCE: SUPPORT TO CHAPTERS THROUGH GRANTING OF FUNDS FOR QUALIFIED EDUCATIONAL HOUSING IMPROVEMENTS AND EDUCATIONAL INITIATIVES
INDIVIDUAL AND GROUP COUNSELING: THE CONDUCT OF INDIVIDUAL AND GROUP COUNSELING TO CHAPTER MEMBERS AND THE TRAINING OF INDIVIDUALS TO DO SUCH COUNSELING. GROUP COUNSELING INCLUDES WORKSHOPS AND LECTURES ON LEADERSHIP AND PERSONAL DEVELOPMENT, RISK MANAGEMENT, UNDERSTANDING THE FREE ENTERPRISE SYSTEM, ACHIEVEMENT OF HIGH SCHOLASTIC ATTAINMENT, CITIZENSHIP AND PATRIOTISM, ALCOHOL AND SUBSTANCE ABUSE PREVENTION, AND ADVANCED LEADERSHIP TRAINING FOR SELECTED INDIVIDUALS. INDIVIDUAL COUNSELING INCLUDES ONE-ON-ONE SESSIONS WITH SELECTED UNDERGRADUATE CHAPTER MEMBERS OF THE DELTA TAU DELTA FRATERNITY REGARDING LEADERSHIP OPPORTUNITIES, SCHOLARSHIP, AND STUDYING TECHNIQUES. IN ADDITION, THE DELTA TAU DELTA EDUCATIONAL FOUNDATION, INC. CONDUCTS CHARITABLE AND EDUCATIONAL ACTIVITIES AT THE DELTA TAU DELTA FRATERNITY'S ANNUAL DIVISIONAL CONFERENCES AND BIENNIAL NATIONAL CONVENTION. SUCH ACTIVITIES INCLUDE WORKSHOPS AND SEMINARS IN THE AREAS OF LEADERSHIP, SCHOLARSHIP, LIFE SKILLS, SUBSTANCE AND ALCOHOL ABUSE AND SIMILAR SUBJECTS. SUCH ACTIVITIES ALSO INCLUDE REPORTS OF VARIOUS COMMITTEES ON SCHOLARSHIP, CHARITABLE AND EDUCATIONAL ENDEAVORS AND SIMILAR SUBJECTS. THE ORGANIZATION ALSO PROVIDES 3-DAY INTENSIVE LEADERSHIP EDUCATION EXPERIENCE DESIGNED SPECIFICALLY FOR UNDERGRADUATE CHAPTER PRESIDENTS AND CHAPTER ADVISORS REGARDING INTEGRITY, ACCOUNTABILITY, LEADERSHIP STYLES, AND CREATING A FOUNDATION FOR EXCELLENCE.
UNDERGRADUATE ASSISTANCE: SCHOLARSHIPS AWARDED TO UNDERGRADUATE MEMBERS WHO EXCELLED IN THE AREAS OF SCHOLARSHIP, LEADERSHIP, COMMUNITY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven K Vedra President | Officer | 40 | $149,154 |
Maurie Phelan Vice President Of Finance & Op | Officer | 40 | $106,101 |
Daniel A Dungan Chairman | OfficerTrustee | 5 | $0 |
Murray M Blackwelder Director (end 11/21) | Trustee | 5 | $0 |
Millard B Byrne Director | Trustee | 5 | $0 |
J Coley Clark Director | Trustee | 5 | $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 | $6,378,476 |
| Noncash contributions included in lines 1a–1f | $768,187 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,378,476 |
| Total Program Service Revenue | $144,035 |
| Investment income | $488,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,019,094 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,912,780 |
| Grants and other assistance to domestic individuals. | $60,614 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $317,675 |
| Compensation of current officers, directors, key employees. | $107,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,571 |
| Pension plan accruals and contributions | $25,204 |
| Other employee benefits | $0 |
| Payroll taxes | $43,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,415 |
| Fees for services: Accounting | $44,227 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $215,677 |
| Fees for services: Investment Management | $60,163 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $269,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,156 |
| Travel | $48,641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,321 |
| Interest | $5,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,137 |
| Insurance | $87,899 |
| All other expenses | $17,973 |
| Total functional expenses | $3,686,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,543,768 |
| Pledges and grants receivable | $1,771,606 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $527,596 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $145,384 |
| Net Land, buildings, and equipment | $1,861,294 |
| Investments—publicly traded securities | $16,070,649 |
| Investments—other securities | $2,687,698 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $555,603 |
| Total assets | $27,163,598 |
| Accounts payable and accrued expenses | $69,248 |
| 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 | $576,370 |
| Total liabilities | $645,618 |
| Net assets without donor restrictions | $3,226,085 |
| Net assets with donor restrictions | $23,291,895 |
| 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 | $27,163,598 |
Grants Awarded
Over the last fiscal year, Delta Tau Delta Educational Foundation Inc has awarded $1,887,946 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DELTA TAU DELTA FRATERNITY PURPOSE: EDUCATIONAL SUPPORT | $500,000 |
DELTA TAU DELTA SOCIETY PURPOSE: EDUCATIONAL SUPPORT | $10,000 |
DELTA GAMMA CHAPTER ASSOCIATION PURPOSE: EDUCATIONAL SUPPORT | $20,098 |
FOUNDATION FOR FRATERNAL EXCELLENCE PURPOSE: INDUSTRY RESEARCH | $16,000 |
UN FOUNDATION PURPOSE: EDUCATIONAL SUPPORT | $63,845 |
STILLWATER DELTA TAU DELTA PURPOSE: CONSTRUCTION GRANT | $539,087 |