2024-05-03T14:40:00-05:00 2023-07-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-08-01 311020203 Delta Tau Delta Educational Foundation Inc % NICHOLAS R ZUNIGA DELT 3172840210 10000 ALLISONVILLE ROAD FISHERS IN 46038 NICHOLAS R ZUNIGA CHIEF ADMINISTRATIVE 3172840203 2024-06-15 true Maurie J Phelan 999009999 P01279475 3173834000 2024-06-15 2 2022 2023-04-26 12:10:37Z STEVE K VEDRA 10000 ALLISONVILLE ROAD FISHERS IN 46038 10128676 false X WWW.DELTS.ORG X 1981 IN THE DELTA TAU DELTA EDUCATIONAL FOUNDATION, INC. IS ORGANIZED TO ENCOURAGE, ASSIST, PROMOTE, FOSTER, AND SUPPORT EDUCATION. 19 19 10 19 -3300 0 6378476 3700424 144035 151162 496583 663710 0 0 7019094 4515296 1973394 3889757 0 0 666594 992375 215677 82609 779256 830880 1064929 3686545 6029670 3332549 -1514374 27163598 26765129 645618 452633 26517980 26312496 X THE DELTA TAU DELTA EDUCATIONAL FOUNDATION, INC. IS ORGANIZED TO RAISE, MANAGE AND GRANT FUNDS FOR THE BENEFIT OF THE EDUCATIONAL AND LEADERSHIP PROGRAMS OF DELTA TAU DELTA FRATERNITY AND ITS CHAPTERS SO MEMBERS FULFILL THE DELT CREED, LIVE LIVES OF EXCELLENCE, AND THEREBY HAVE A POSITIVE IMPACT ON SOCIETY. false false 3769201 3256325 126418 CHAPTER ASSISTANCE: SUPPORT TO CHAPTERS THROUGH GRANTING OF FUNDS FOR QUALIFIED EDUCATIONAL HOUSING IMPROVEMENTS AND EDUCATIONAL INITIATIVES. 578751 500000 19411 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. 158999 137364 5333 UNDERGRADUATE ASSISTANCE: SCHOLARSHIPS AWARDED TO UNDERGRADUATE MEMBERS WHO EXCELLED IN THE AREAS OF SCHOLARSHIP, LEADERSHIP, COMMUNITY SERVICE. 4506951 true true false false false false false false false true true false false false true false true false false false false false false true false false false true true true false false false false false false false false true false false false false false false false false true 8 0 true 10 true true true false false false false true true false false false false false false X 19 19 false false true false false false false true false false false true true true true true true true true false IN X NICHOLAS R ZUNIGA 3172840210 10000 ALLISONVILLE RD FISHERS IN 46038 Steven K Vedra President 40.0 0.0 X 181660 0 10000 Maurie Phelan VP of Finance & Operations 40.0 0.0 X 115838 0 1500 Tony Vukusich VP of Advancement 40.0 0.0 X 103511 0 11700 JOHN W GLEESON Director 5.0 0.0 X 0 0 0 DANIEL C STITH Vice Chairman 5.0 0.0 X X 0 0 0 J COLEY CLARK DIRECTOR 5.0 0.0 X 0 0 0 DANIEL A DUNGAN Director 5.0 0.0 X 0 0 0 KENT R HANCE Director 5.0 0.0 X 0 0 0 JEFFRY L HENNING Secretary 5.0 0.0 X X 0 0 0 GREGORY N KAZARIAN DIRECTOR 5.0 0.0 X 0 0 0 MICHAEL D SHONROCK Chairman 5.0 0.0 X X 0 0 0 ALEXANDER R SCHRIVER DIRECTOR 5.0 0.0 X 0 0 0 P Christopher Mickel Treasurer 5.0 0.0 X X 0 0 0 Millard B Byrne Director 5.0 0.0 X 0 0 0 Timothy P Cullen Director 5.0 0.0 X 0 0 0 Greg D Ethridge Director 5.0 0.0 X 0 0 0 William V McMeans Director 5.0 0.0 X 0 0 0 Rosario A Palmieri Director 5.0 0.0 X 0 0 0 Anthony J Albanese Director 5.0 0.0 X 0 0 0 Rory R Jones Director 5.0 0.0 X 0 0 0 Jerome R Kerkman Director 5.0 0.0 X 0 0 0 Craig A Luke Director 5.0 0.0 X 0 0 0 401009 0 23200 3 false true false 0 3700424 469761 3700424 RENTAL INCOME FROM DELTA TAU DELTA FRATERNITY 532000 149967 149967 MISCELLANEOUS INCOME 900099 1195 1195 151162 660707 -3300 664007 0 0 0 0 0 5616383 5613380 3003 3003 3003 0 0 0 0 0 0 0 0 0 0 4515296 151162 -3300 667010 3861007 3861007 28750 28750 0 0 340537 85064 130298 125175 0 553894 141918 215961 196015 32665 11845 21628 -808 0 65279 18133 25419 21727 0 15579 6031 1104 8444 44818 13445 31373 0 82609 82609 43091 43091 0 0 282825 77886 60015 144924 0 0 120421 80393 36584 3444 79620 22014 57606 0 172088 79220 92868 12054 12054 0 79345 52971 24105 2269 103206 18265 43028 41913 FUNDRAISING 8750 8750 DONOR RECOGNITION EXPENSE 43044 42 411 42591 MISCELLANEOUS EXPENSES 60088 9967 17578 32543 6029670 4506951 743463 779256 0 0 3543768 1987540 1771606 2007800 0 192504 0 0 0 0 527596 493027 0 0 145384 94713 4329278 2534477 1861294 1794801 16070649 19218579 2687698 468520 0 0 0 0 555603 507645 27163598 26765129 69248 69184 0 0 0 0 0 0 0 0 0 0 0 0 0 0 576370 383449 645618 452633 X 3226085 3023879 23291895 23288617 26517980 26312496 27163598 26765129 X -1514374 1015729 118289 174872 X false true X true false X 3192129 2641517 3581559 6378476 3700424 19494105 0 0 3192129 2641517 3581559 6378476 3700424 19494105 987676 18506429 910612 715103 719809 488276 660707 3494507 214 24122 24336 0 23012948 0.80417 0.80040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12125384 192538 868690 335336 -2057 214064 12639269 13998164 315833 -1414818 384926 148607 240262 12125384 11600286 74318 2945298 348911 272827 13998164 11841705 48919 227570 320033 197875 11600286 11857947 246324 267081 292154 237493 11841705 0.57650 0.42350 false false 761623 761623 2337015 1386953 950062 152308 145749 6559 1078332 1001775 76557 1794801 0 DUE TO DELTA TAU DELTA FRATERN 0 CHARITABLE GIFT ANNUITIES 89570 REINSURED ANNUITY CONTRACTS 293879 383449 5779743 1015729 118289 192504 1326522 4453221 43091 18984 62075 4515296 5985227 -1352 -1352 5986579 43091 43091 6029670 SCHEDULE D, PART V, LINE 4 INTENDED USE OF ENDOWMENT FUNDS: THE ENDOWMENT FUNDS ARE USED TO FUND SCHOLARSHIPS AWARDED BASED ON VARIOUS CRITERIA INCLUDING FINANCIAL NEED, ACADEMIC ACHIEVEMENT, LEADERSHIP, CITIZENSHIP, AND SERVICE TO THE DELTA TAU DELTA FRATERNITY AND COMMUNITY. IN ADDITION, SEVERAL ENDOWMENT FUNDS ARE USED TO FUND THE ANNUAL GRANT TO DELTA TAU DELTA FRATERNITY WHICH PROVIDES EDUCATIONAL PROGRAMMING IN THE AREAS OF ALCOHOL ABUSE, SUBSTANCE ABUSE, LEADERSHIP, AND ACHIEVEMENT OF HIGH SCHOLASTIC ATTAINMENT. SCHEDULE D, PART X, LINE 2 ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 4B OTHER REVENUE INCLUDED ON BOOKS NOT ON FORM 990: CHANGE IN VALUE SPLIT-INTEREST AGREEMENT $ 18,984 SCHEDULE D, PART XII, LINE 2D OTHER EXPENSE INCLUDED ON BOOKS NOT ON FORM 990: BAD DEBT EXPENSE -$ 1,352 X X X X X true CAUSEVID LLC PO Box 3482 Worcester MA 01613 DIRECT MAIL false 462248 59104 FREEWILL CO PO Box 5322 Kingwood TX 77325 DIRECT MAIL CAMPAIGN false 66620 18375 528868 77479 AL AK AR CA CO CT DC FL GA HI IL KS LA ME MD MA MI MN MS NE NV NH NJ NM NC ND OH OK OR PA RI SC TN UT VA WA WV WI SCHEDULE G, PART I, QUESTION 2B, LINE 1 THE FOUNDATION HAS AN AGREEMENT WITH ARIA COMMUNICATIONS TO FUNDRAISE VIA TELEMARKETING EFFORTS INCLUDING PERSONAL CONVERSATIONS WITH DONORS AS WELL AS VOICE MAIL MESSAGES AND FOLLOW-UP WRITTEN COMMUNICATION DIRECTING DONORS TO GIVE VIA THE WEBSITE. GROSS RECEIPTS REFLECT DONATIONS THAT ARE DIRECTLY ATTRIBUTABLE TO THE PERSONAL CONVERSATIONS, HOWEVER THERE IS NO DIRECT MEASURE OF DONATIONS RECEIVED VIA THE WEBSITE AS A RESULT OF THE TELEMARKETING CONTACT AND FOLLOW-UP WRITTEN COMMUNICATION. true DELTA TAU DELTA FRATERNITY 10000 ALLISONVILLE ROAD FISHERS IN 46038 350267650 501(C)(7) 500000 FMV EDUCATIONAL SUPPORT EPSILON ALPHA HOUSE CORP 3975 INDIAN SHOALS RD BETHLEHEM GA 30620 581961883 501(C)(7) 7000 FMV HOUSE IMPROVEMENTS GRANT DELTA GAMMA CHAPTER ASSOCIATION PO BOX 1612 SIOUX FALLS SD 57101 460225510 501(C)(7) 14899 FMV EDUCATIONAL SUPPORT DELTA TAU DELTA ASSOCIATION OF GAMMA KAPPA 201 N ILLINOIS ST INDIANAPOLIS IN 46204 386089372 501(C)(7) 2577000 FMV EDUCATIONAL GRANT DTD Housing Corp of KY 3070 Lakecrest Circle STE 400 Lexington KY 40513 616033534 501(C)(7) 21547 FMV OPERATING GRANT STILLWATER DELTA TAU DELTA 3005 W 33rd Ave Stillwater OR 74705 731101672 501(C)(7) 505000 FMV CONSTRUCTION GRANT Delta Alpha Chapter of Delta Tau Delta 6021 Melrose Lane Oklahoma City OK 73127 501(C)(7) 167325 FMV CONSTRUCTION GRANT 6 SCHOLARSHIPS 47 59800 FMV SCHEDULE I, PART I, LINE 2 PROCEDURE FOR MONITORING USE OF GRANT FUNDS: THE ORYANIZATION MONITORS THE USE OF GRANT FUNDS PAID IN ONE OF TWO WAYS: BY PAYING THE VENDOR DIRECTLY OR BY REIMBURSING APPROPRIATE INDIVIDUALS WHO PROVIDE RECEIPTS THAT SUPPORT THE FUNDS WERE USED FOR THEIR INTENDED PURPOSE. X X X false false false false false false false false Steven K Vedra President 161660 0 20000 0 0 0 0 0 10000 0 191660 0 X 14 469761 MARKET VALUE false true false SCHEDULE M, PART I, COLUMN B NUMBER OF CONTRIBUTORS: THE FOUNDATION REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN B. FORM 990, PART VI, SECTION A, LINE 4 CHANGES TO CONSTITUTION AND BYLAWS: THE FOLLOWING CHANGES TO THE BYLAWS WERE MADE DURING THE YEAR. SIMPLIFIED THE OFFICER STRUCTURE FROM 5 ROLES (PRESIDENT, VICE PRESIDENT, SECOND VICE PRESIDENT, TREASURER, SECRETARY) TO 3 ELEVATED ROLES: CHAIRMAN, VICE CHAIRMAN, AND TREASURER. EVOLVED FROM A SMALL BOARD COMPRISED OF FIXED 5 ROLES WITH TACTICAL RESPONSIBILITIES TO A LARGER BOARD OF 11 MEMBERS COMPRISED OF GENERAL (6), AND STUDENT (1) DIRECTORS, IN ADDITION TO THE CHAIRMAN OF THE EDUCATIONAL FOUNDATION AND THREE OFFICERS. SHIFTED GENERAL DIRECTOR ELECTIONS ONLINE, UPDATED ELIGIBILTY AND TERM LIMITS. EVOLVED FROM 5 DIVISIONS TO A FLEXIBLE NUMBER OF 10 OR MORE "REGIONS" LED BY REGIONAL GOVERNORS. THE UNDERGRADUATE COUNCIL (UGC) BECAME A BOD COMMITTEE, CHAIRED BY THE STUDENT DIRECTOR. CONSOLIDATED 18 OPERATIONAL COMMITTEES INTO 8 COMMITTEES THAT DRIVES ORGANIZATIONAL STRATEGY. RECOGNIZED C&B TO ALIGN WITH MODERN GOVERNANCE PRINCIPLES. MAINTAINED QUINTESSENTIAL CONTENT IN THE CONSTITUTION WHILE SHIFTING OPERATIONAL CONTECT TO THE BYLAWS TO PROMOTE AGILITY. RESOLVES VARIOUS HYGIENIC ISSUES. FORM 990, PART VI, SECTION A, LINE 8B DOCUMENT MEETINGS BY COMMITTEES ACTING ON BEHALF OF GOVERNING BODY: THIS QUESTION DOES NOT APPLY TO THE ORGANIZATION BECAUSE THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT, AN INDEPENDENT ACCOUNTING FIRM, AND THE ORGANIZATION'S AUDIT COMMITTEE. THE FINAL FORM IS THEN SENT ELECTRONICALLY TO THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE CONFLICT OF INTEREST POLICY STATES THAT NO DIRECTOR OR MEMBER OF A BOARD COMMITTEE SHALL USE THEIR POSITION OR KNOWLEDGE GAINED THERE FROM IN SUCH A MANNER THAT A CONFLICT BETWEEN THE INTEREST OF THE ORGANIZATION AND HIS OR HER PRIVATE INTEREST ARISES. THE CONDUCT OF PERSONAL BUSINESS OR THE ENTERING INTO SUCH A TRANSACTION BETWEEN ANY DIRECTOR OR BOARD COMMITTEE MEMBER AND THE FOUNDATION IS PROHIBITED UNLESS SUCH BUSINESS OR TRANSACTION IS FULLY DISCLOSED TO THE BOARD OF DIRECTORS AND THEN ONLY IF SUCH BUSINESS OR TRANSACTIONS IS APPROVED BY THE BOARD OF DIRECTORS. ANY DIRECTOR OR BOARD COMMITTEE MEMBER WHO IS AWARE OF A POTENTIAL CONFLICT OF INTEREST IS OBLIGATED TO DISCLOSE SUCH TO THE ENTIRE BOARD. TO IMPLEMENT THE POLICY, BOARD MEMBERS AND BOARD COMMITTEE MEMBERS WILL SUBMIT ANNUAL REPORTS ON A FORM APPROVED BY THE BOARD, AND IF NOT PREVIOUSLY DISCLOSED, WILL DISCLOSE ANY CONFLICT OR POTENTIAL CONFLICT BEFORE ANY ADDITIONAL BOARD ACTION IS TAKEN. THESE ANNUAL REPORTS WILL BE REVIEWED IN DETAIL BY THE OFFICERS OF THE BOARD WHO WILL ATTEMPT TO RESOLVE ANY ACTUAL OR POTENTIAL CONFLICT AND, IN THE ABSENCE OF A RESOLUTION, WILL REFER ALL SUCH MATTERS TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A & 15B REVIEW OF OTHER OFFICER OR KEY EMPLOYEES COMPENSATION: THE EXECUTIVE COMMITTEE REVIEWS PERFORMANCE CRITERIA AND COMPENSATION FOR THE PRESIDENT AND VICE PRESIDENT OF FINANCE AND OPERATIONS/ASSISTANT SECRETARY. THE ORGANIZATION REGULARLY COLLECTS COMPENSATION DATA FROM PUBLISHED INDUSTRY SURVEY OF THE 4-5 PEER FOUNDATIONS WHO HAVE SIMILAR SIZE FOUNDATIONS, ASSETS, PROGRAMS AND STAFFING CONFIGURATIONS. THIS PROCESS WAS LAST UNDERTAKEN IN NOVEMBER 2023 AND IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: BAD DEBT EXPENSE $ 1,352 CHANGES IN VALUE OF TRUSTS $(18,984) RECOVERY OF PRIOR YEAR GRANTS $ 192,504 TOTAL $ 174,872