Delta Tau Delta Fraternity
- Assets
- $13.9m
- Revenue
- $6.0m
- Investments
- $41.8k
- Employees
- 36
- Location
- Fishers, IN
- Founding
- 09/1940
- Data as of
- 07/2023
- EIN
- 35-0267650
Organization Overview
Delta Tau Delta Fraternity is located in Fishers, IN. The organization was established in 1940. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 07/2023, Delta Tau Delta Fraternity employed 36 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Delta Tau Delta Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2023, Delta Tau Delta Fraternity generated $6.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $5.6m during the year ending 07/2023. While expenses have increased by 3.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MEMBERS OF DELTA TAU DELTA FRATERNITY ARE COMMITTED TO LIVES OF EXCELLENCE AND BELIEVE IN THE FRATERNITY FOR THE EDUCATION OF YOUTH AND INSPIRATION OF MATURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP EDUCATION: THE FRATERNITY OFFERED FIVE DIVISION CONFERENCES FOR LEADERS FROM THE VARIOUS STATES IN EACH DIVISION. THEY WERE ALL CONDUCTED IN JANUARY AND FEBRUARY 2023. THE CONFERENCES HAD SEVERAL COMPONENTS INCLUDING EDUCATIONAL PROGRAMMING, BUSINESS SESSIONS, AND INDIVIDUAL MEETINGS AND RECEPTIONS. THE PROGRAMMING FOCUSED ON OFFICER AND SKILL DEVELOPMENT EDUCATION. MORE DELTS ARE TRAINED ON LEADERSHIP AND HEALTH AND SAFETY MATTERS AT FRATERNITY DIVISION LEADERSHIP CONFERENCES THAN ANY OTHER SINGLE FRATERNITY EVENT. OFFICERS LEARNED THE LEADERSHIP SKILLS REQUIRED FOR THEM TO BE EFFECTIVE CHAPTER OFFICERS.
UNDERGRADUATE CHAPTER PRESIDENT TRAINING: JANUARY 2023, DELTA TAU DELTA HOSTED ITS THIRD PRESIDENTS' EXCELLENCE INSTITUTE (PRESX) AT CAMP COPASS IN DENTON, TEXAS. PRESX IS DESIGNED TO PROVIDE EXECUTIVE SKILLS TRAINING FOR THE KEYSTONE LEADER OF EACH CHAPTER, THE CHAPTER PRESIDENT. DURING PRESX, PRESIDENTS LEARNED AND PRACTICED THE KEY SKILLS OF EXECUTIVE LEADERSHIP, ALL WHILE BUILDING COMMUNITY WITH THEIR PEERS FROM OTHER CAMPUSES. PRESX PROVIDED PRESIDENTS THE OPPORTUNITY TO PRACTICE SKILLS WHILE RECEIVING FEEDBACK FROM COACHES AND PEER LEADERS BEFORE TAKING THOSE SKILLS BACK TO THEIR CHAPTER. (CONT SCH O)
RISK MANAGEMENT PROGRAM: DELTA TAU DELTA FRATERNITY PROVIDES A COMPREHENSIVE RISK MANAGEMENT PROGRAM FOR ITS UNDERGRADUATE CHAPTERS. THIS PROGRAM INCLUDES EDUCATIONAL MATERIALS, LOSS PREVENTION ASSISTANCE, GENERAL LIABILITY, PROPERTY, COMMERCIAL CRIME, MEMBER ACCIDENT PROTECTION, AND OFFICERS AND DIRECTORS LIABILITY INSURANCE. ALCOHOL EDUCATION: DELTA TAU DELTA PROVIDES AN ONLINE SCIENCEBASED ALCOHOL COURSE THAT AIMS TO EDUCATE NEARLY 2918 UNDERGRADUATE MEMBERS ABOUT ALCOHOL AND ITS EFFECTS ON THE MIND AND BODY, ESPECIALLY WITH REGARD TO SEXUAL ASSAULT AND HAZING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Selking Vice President Of Finance | Officer | 45 | $178,814 |
Jack Kreman Chief Exceutive Officer | Officer | 45 | $159,343 |
Rosario Palmieri Chairman | OfficerTrustee | 10 | $0 |
Anthony Albanese Vice Chairman | OfficerTrustee | 10 | $0 |
Charles Edwards Director | OfficerTrustee | 10 | $0 |
Ryan Caldwell Treasurer | OfficerTrustee | 10 | $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 | $553,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $553,305 |
| Total Program Service Revenue | $4,995,119 |
| Investment income | $262,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $108,646 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $114,266 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$52,221 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,981,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $390,625 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,384,332 |
| Pension plan accruals and contributions | $95,417 |
| Other employee benefits | $79,792 |
| Payroll taxes | $88,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,764 |
| Fees for services: Other | $179,192 |
| Advertising and promotion | $0 |
| Office expenses | $314,511 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,553 |
| Travel | $161,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $569,772 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,485 |
| Insurance | $1,516,759 |
| All other expenses | $0 |
| Total functional expenses | $5,618,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,288,085 |
| Savings and temporary cash investments | $144,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,085 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,140,403 |
| Inventories for sale or use | $27,069 |
| Prepaid expenses and deferred charges | $908,893 |
| Net Land, buildings, and equipment | $219,495 |
| Investments—publicly traded securities | $4,627,329 |
| Investments—other securities | $41,815 |
| Investments—program-related | $169,658 |
| Intangible assets | $0 |
| Other assets | $107,193 |
| Total assets | $13,862,842 |
| Accounts payable and accrued expenses | $209,254 |
| Grants payable | $0 |
| Deferred revenue | $850,265 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $356,991 |
| 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 | $220,000 |
| Total liabilities | $1,636,510 |
| Net assets without donor restrictions | $12,134,332 |
| Net assets with donor restrictions | $92,000 |
| 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 | $13,862,842 |