Phi Delta Theta Fraternity
- Assets
- $36.0k
- Revenue
- $605.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 01/1953
- Data as of
- 05/2024
- EIN
- 56-0548248
Organization Overview
Phi Delta Theta Fraternity is located in Chapel Hill, NC. The organization was established in 1953. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Phi Delta Theta Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2024, Phi Delta Theta Fraternity generated $605.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $597.3k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGIATE FRATERNITY ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEMBERS WITH HOUSING, FACILITIES, AND MEALS. TO PROVIDE MEMBERS WITH SOCIAL INTERACTIONS AND VARIOUS AMENITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miles R Palmer Director | Trustee | 1 | $0 |
Michael Brian Hickey Director/chair | OfficerTrustee | 1 | $0 |
Alex William Platzbecker Director | Trustee | 1 | $0 |
Blake Walker Howitt Director | Trustee | 1 | $0 |
Glenn William Brown Jr Director | Trustee | 1 | $0 |
Chris Loschiavo 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 | $29,581 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,581 |
| Total Program Service Revenue | $575,412 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $604,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,144 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,359 |
| Advertising and promotion | $0 |
| Office expenses | $7,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $248,541 |
| Travel | $2,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,341 |
| Insurance | $17,319 |
| All other expenses | $11,326 |
| Total functional expenses | $597,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,157 |
| Savings and temporary cash investments | $1,369 |
| 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 | $26,496 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,022 |
| Accounts payable and accrued expenses | $2,423 |
| 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 | $17,600 |
| Total liabilities | $20,023 |
| Net assets without donor restrictions | $15,999 |
| Net assets with donor restrictions | $0 |
| 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 | $36,022 |
Grants Awarded
Over the last fiscal year, Phi Delta Theta Fraternity has awarded $16,718 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE-A-WISH EASTERN NORTH CAROLINA PURPOSE: GENERAL SUPPORT | $6,603 |
BETA CHAPTER OF PDT INC PURPOSE: HOUSING SUPPORT | $10,115 |