Delta Sigma Phi Foundation
- Assets
- $12.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 07/1958
- Data as of
- 06/2023
- EIN
- 84-6035598
Organization Overview
Delta Sigma Phi Foundation is located in Indianapolis, IN. The organization was established in 1958. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Delta Sigma Phi Foundation 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 06/2023, Delta Sigma Phi Foundation generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Delta Sigma Phi Foundation has awarded 73 individual grants totaling $4,264,063. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES BY PROVIDING SCHOLARSHIPS, STUDENT AID AND ASSISTANCE TO NEEDY AND DESERVING STUDENTS AND BY THE DEVELOPMENT OF EDUCATIONAL WORK IN THE CHAPTERS OF DELTA SIGMA PHI FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND GRANTS TO DELTA SIGMA PHI FRATERNITY AND OTHER LOCAL CHAPTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Wiley President | OfficerTrustee | 2 | $0 |
Brian Ashby Vice President | OfficerTrustee | 2 | $0 |
Timothy Gentry Secretary/treasurer | OfficerTrustee | 2 | $0 |
Nico Amoroso Trustee | Trustee | 2 | $0 |
Tom Archer Trustee | Trustee | 2 | $0 |
Justin Baldwin Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,987 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,059,016 |
| Noncash contributions included in lines 1a–1f | $20,196 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,083,003 |
| Total Program Service Revenue | $0 |
| Investment income | $222,373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,454 |
| Net Income from Fundraising Events | -$9,299 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $800 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,290,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $581,676 |
| Grants and other assistance to domestic individuals. | $210,875 |
| 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 | $427,679 |
| Pension plan accruals and contributions | $6,928 |
| Other employee benefits | $27,783 |
| Payroll taxes | $34,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,126 |
| Fees for services: Accounting | $51,976 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,753 |
| Fees for services: Other | $20,471 |
| Advertising and promotion | $0 |
| Office expenses | $53,836 |
| Information technology | $40,468 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,255 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $42,197 |
| All other expenses | $1,225 |
| Total functional expenses | $1,719,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,251 |
| Savings and temporary cash investments | $4,844,276 |
| Pledges and grants receivable | $406,011 |
| Accounts receivable, net | $165,535 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,174 |
| Prepaid expenses and deferred charges | $19,306 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,847,844 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $737,479 |
| Total assets | $12,486,876 |
| Accounts payable and accrued expenses | $18,334 |
| 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 | $151,992 |
| Other liabilities | $23,437 |
| Total liabilities | $193,763 |
| Net assets without donor restrictions | -$420,302 |
| Net assets with donor restrictions | $12,713,415 |
| 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 | $12,486,876 |
Grants Awarded
Over the last fiscal year, Delta Sigma Phi Foundation has awarded $568,793 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DELTA SIGMA PHI FRATERNITY PURPOSE: PROGRAM GRANTS | $250,000 |
ALPHA GAMMA ALUMNI CHAPTER OF DELTA SIGMA PHI FRATERNITY PURPOSE: EDUCATIONAL GRANT | $26,085 |
BETA ALPHA ALUMNI OF DELTA SIGMA PHI FRATERNITY PURPOSE: EDUCATIONAL GRANT | $201,000 |
BETA MU ALUMNI CHAPTER OF DELTA SIGMA PHI FRATERNITY PURPOSE: EDUCATIONAL GRANT | $6,200 |
THE ETA CHAPTER OF DELTA SIGMA PHI FRATERNITY ALUMNI CORPORATION BOARD PURPOSE: EDUCATIONAL GRANT | $11,250 |
ALUMNI CORPORATION BOARD ALPHA PI OF DELTA SIGMA PHI PURPOSE: EDUCATIONAL GRANT | $5,400 |