Civic Intelligence

Delta Tau Delta Educational Foundation of Gamma Pi Chapter

990 • Fiscal year 2018 • EIN 23-7006328

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 18, 2020

4107 Greenview DrUrbandale, IA 50322

(515) 276-2996

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

1st percentile

-0.01x

Higher debt load relative to assets than 1% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

1st percentile

-0.01x

Higher debt load relative to revenue than 1% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

5th percentile

-95%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

7th percentile

-57%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-51%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$82,360

Down $110,561 (-57%) from 2017

Net Assets

Down

$83,242

Down $104,679 (-56%) from 2017

Liabilities

Down

-$882

Down $5,882 (-118%) from 2017

Revenue

Down

$108,368

Down $111,689 (-51%) from 2017

Expenses

Up

$210,797

Up $110,543 (+110%) from 2017

Net Income

Down

-$102,429

Down $222,232 (-185%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2013: $145,618Liabilities 2013: $0Net Assets 2013: $145,6182013Assets 2014: $1,526,817Liabilities 2014: $0Net Assets 2014: $1,526,8172014Assets 2015: $185,373Liabilities 2015: -$3,293Net Assets 2015: $188,6662015Assets 2016: $68,141Liabilities 2016: $0Net Assets 2016: $68,1412016Assets 2017: $192,921Liabilities 2017: $5,000Net Assets 2017: $187,9212017Assets 2018: $82,360Liabilities 2018: -$882Net Assets 2018: $83,2422018Assets 2019: $73,163Liabilities 2019: $31,000Net Assets 2019: $42,1632019Assets 2020: $81,982Liabilities 2020: $32,531Net Assets 2020: $49,4512020Assets 2021: $239,498Liabilities 2021: $35,027Net Assets 2021: $204,4712021Assets 2022: $338,719Liabilities 2022: $33,609Net Assets 2022: $305,1102022Assets 2023: $548,233Liabilities 2023: $0Net Assets 2023: $548,2332023Assets 2024: $639,046Liabilities 2024: $0Net Assets 2024: $639,0462024

Highlighted filing

2018

Assets$82,360
Liabilities-$882
Net Assets$83,242

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2013: $135,695Expenses 2013: $9,339Net Income 2013: $126,3562013Revenue 2014: $1,394,739Expenses 2014: $13,357Net Income 2014: $1,381,3822014Revenue 2015: $608,153Expenses 2015: $1,946,304Net Income 2015: -$1,338,1512015Revenue 2016: $626,729Expenses 2016: $747,279Net Income 2016: -$120,5502016Revenue 2017: $220,057Expenses 2017: $100,254Net Income 2017: $119,8032017Revenue 2018: $108,368Expenses 2018: $210,797Net Income 2018: -$102,4292018Revenue 2019: $43,823Expenses 2019: $57,203Net Income 2019: -$13,3802019Revenue 2020: $7,191Expenses 2020: $7,542Net Income 2020: -$3512020Revenue 2021: $160,937Expenses 2021: $3,431Net Income 2021: $157,5062021Revenue 2022: $145,014Expenses 2022: $44,375Net Income 2022: $100,6392022Revenue 2023: $215,284Expenses 2023: $10,464Net Income 2023: $204,8202023Revenue 2024: $133,376Expenses 2024: $59,696Net Income 2024: $73,6802024

Highlighted filing

2018

Revenue$108,368
Expenses$210,797
Net Income-$102,429
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 18, 2020
Return Version
2018v3.2
Gross Receipts
$108,368
Mission and Program Overview

Mission

Educational grants to undergraduate students for participation in leadership training, university tutoring programs and recognition of academic achievement.

Offer qualified scholarships to undergraduate members of gamma pi chapter; encourage academic acheivement (tutoring and scholarships); subsidize leadership training; facilitate capital fund drives restricted to qualified educational use and educational facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$55,741$29,318▼ $26,423
Cash and Non-Interest-Bearing Accounts$110,978$27,737▼ $83,241
Savings and Temporary Cash Investments$26,202$25,305▼ $897
Total Assets$192,921$82,360▼ $110,561
Liabilities
Deferred Revenue$5,000$-882▼ $5,882
Total Liabilities$5,000$-882▼ $5,882
Net Assets / Fund Balance
Temporarily Rstr Net Assets$156,033$48,319▼ $107,714
Permanently Rstr Net Assets$26,202$25,305▼ $897
Unrestricted Net Assets$5,686$9,618▲ $3,932
Total Net Assets Fund Balance$187,921$83,242▼ $104,679
Total Liabilities and Net Assets / Fund Balance$192,921$82,360▼ $110,561

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$29,318--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$27,801-▼ $897-$25,305
2017$22,941$2,600▲ $3,260-$27,801
2016$19,042$2,500▲ $2,299-$22,941
2015$18,099$2,500▼ $767-$19,042
2014$17,856-▲ $963-$18,099
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew WrightsmanPresident
Christopher ProskeyDirector
Dwight ConoverDirector
Benjamin FreeseAssistant Tr
Charles SafrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$104,807
Program Service Revenue
$0
Investment Income
$2,904
Other Revenue
$657
All Other Contributions
$104,807
Change in Net Assets
$-102,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$210,282
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$208,900--$208,900
Fees for Services Other-$772-$772
Fees for Services Accounting-$610-$610
Benefits to Members$515--$515
Total Functional Expenses$209,415$1,382$0$210,797
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A complete copy of the irs 990 will be distributed to all directors for review and comment by email.

Form 990, Page 6, Part VI, Line 12C

The directors adopted a conflict of interest policy that includes a basic questionnaire concerning business relationships, family relationships, business interests and legal requirements. The directors will annually, at the annual meeting, submit a current questionnaire for review by the president. All directors are required to disclose a conflict or potential conflict of interest. When a conflict or potential conflict is evident, the director will prohibited from voting on related actions of the board. No director shall derive any personal profit or gain, directly or indirectly, by reason of his service on the board. Directors shall refrain from disclosing or using for personal use any information concerning donors and disbursements approved by the directors.

Form 990, Page 6, Part VI, Line 19

The corporation's governing docuemnts and financial statements are available for review by request to charles safris, secretary treasurer.

Filing and Contact Details

Filer

Filer Name
Delta Tau Delta Education
EIN
23-7006328
Phone
5152762996
Address
4107 GREENVIEW DR, URBANDALE, IA 50322

Signing Officer

Name
Charles Safris
Title
Treasurer
Phone
5152762996
Signed
2020-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Freese
Formed
1968
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Gdg Services LLC
Address
PO BOX 2349, AMES, IA 50010
Preparer
Kara L Knight
Phone
5152327080
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Offer qualified scholarships to undergraduate members of gamma pi chapter; encourage academic acheivement (tutoring and scholarships); subsidize leadership training; facilitate capital fund drives restricted to qualified educational use and educational facilities.

Form 990, Part XI, Line 9

2250 was written off to recognize an accounting error in the previous period. A system error required the recovery of files from 2017 and 2018 from back up data. After the recovery, the contributions fund balance decreased 2250 at year end 2017. The error remains unexplained. A through review of 2017 accounting did not reveal evidence of an actual loss of funds.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFER QUALIFIED SCHOLARSHIPS TO UNDERGRADUATE MEMBERS OF GAMMA PI CHAPTER; ENCOURAGE ACADEMIC ACHEIVEMENT (TUTORING AND SCHOLARSHIPS); SUBSIDIZE LEADERSHIP TRAINING; FACILITATE CAPITAL FUND DRIVES RESTRICTED TO QUALIFIED EDUCATIONAL USE AND EDUCATIONAL FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COMPLETE COPY OF THE IRS 990 WILL BE DISTRIBUTED TO ALL DIRECTORS FOR REVIEW AND COMMENT BY EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTORS ADOPTED A CONFLICT OF INTEREST POLICY THAT INCLUDES A BASIC QUESTIONNAIRE CONCERNING BUSINESS RELATIONSHIPS, FAMILY RELATIONSHIPS, BUSINESS INTERESTS AND LEGAL REQUIREMENTS. THE DIRECTORS WILL ANNUALLY, AT THE ANNUAL MEETING, SUBMIT A CURRENT QUESTIONNAIRE FOR REVIEW BY THE PRESIDENT. ALL DIRECTORS ARE REQUIRED TO DISCLOSE A CONFLICT OR POTENTIAL CONFLICT OF INTEREST. WHEN A CONFLICT OR POTENTIAL CONFLICT IS EVIDENT, THE DIRECTOR WILL PROHIBITED FROM VOTING ON RELATED ACTIONS OF THE BOARD. NO DIRECTOR SHALL DERIVE ANY PERSONAL PROFIT OR GAIN, DIRECTLY OR INDIRECTLY, BY REASON OF HIS SERVICE ON THE BOARD. DIRECTORS SHALL REFRAIN FROM DISCLOSING OR USING FOR PERSONAL USE ANY INFORMATION CONCERNING DONORS AND DISBURSEMENTS APPROVED BY THE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION'S GOVERNING DOCUEMNTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW BY REQUEST TO CHARLES SAFRIS, SECRETARY TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt42250 WAS WRITTEN OFF TO RECOGNIZE AN ACCOUNTING ERROR IN THE PREVIOUS PERIOD. A SYSTEM ERROR REQUIRED THE RECOVERY OF FILES FROM 2017 AND 2018 FROM BACK UP DATA. AFTER THE RECOVERY, THE CONTRIBUTIONS FUND BALANCE DECREASED 2250 AT YEAR END 2017. THE ERROR REMAINS UNEXPLAINED. A THROUGH REVIEW OF 2017 ACCOUNTING DID NOT REVEAL EVIDENCE OF AN ACTUAL LOSS OF FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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ReasonableCauseExplanation/ExplanationTxt0A SYSTEM ERROR REQUIRED THE RECOVERY OF FILES FROM 2017 AND 2018 FROM BACK UP DATA. AFTER THE RECOVERY, THE CONTRIBUTIONS FUND BALANCE DECREASED 2250 AT YEAR END 2017. THE ERROR REMAINS UNEXPLAINED. 2250 WAS WRITTEN OFF TO RECOGNIZE AN ACCOUNTING ERROR IN THE PREVIOUS PERIOD. A THROUGH REVIEW OF 2017 ACCOUNTING DID NOT REVEAL EVIDENCE OF AN ACTUAL LOSS OF FUNDS.
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES SAFRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05152762996
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DELTA TAU DELTA EDUCATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION OF GAMMA PI CHAPTER
ReturnHeader/Filer/BusinessNameControlTxt0DELT
ReturnHeader/Filer/EIN0237006328
ReturnHeader/Filer/PhoneNum05152762996
ReturnHeader/Filer/USAddress/AddressLine1Txt04107 GREENVIEW DR
ReturnHeader/Filer/USAddress/CityNm0URBANDALE
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0626C507060993503E722B00286A87F2763E137E6
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02020-02-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:15:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270932633
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GDG SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2349
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AMES
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARA L KNIGHT
ReturnHeader/ReturnTs02020-02-24T09:15:04-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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