Civic Intelligence

Delta Chi Fraternity

990 • Fiscal year 2023 • EIN 24-0798310

Aug 01, 2022 to Jul 31, 2023 • Filed on Jun 14, 2024

424 East Fairmont AveState College, PA 16801

(717) 237-3680

Siviq Scores

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

Liabilities / Assets

54th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Net Margin

5th percentile

-48%

Higher net margin than 5% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Asset Growth

9th percentile

-36%

Faster asset growth than 9% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-32%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$305,532

Down $173,865 (-36%) from 2022

Net Assets

Down

$305,532

Down $173,865 (-36%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$363,165

Down $170,070 (-32%) from 2022

Expenses

Up

$537,030

Up $82,254 (+18%) from 2022

Net Income

Down

-$173,865

Down $252,324 (-322%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $292,606Liabilities 2014: $88,869Net Assets 2014: $203,7372014Assets 2016: $298,875Liabilities 2016: $56,074Net Assets 2016: $242,8012016Assets 2017: $312,300Liabilities 2017: $55,803Net Assets 2017: $256,4972017Assets 2019: $275,992Liabilities 2019: $20,074Net Assets 2019: $255,9182019Assets 2020: $296,855Liabilities 2020: $10,074Net Assets 2020: $286,7812020Assets 2021: $400,938Liabilities 2021: $0Net Assets 2021: $400,9382021Assets 2022: $479,397Liabilities 2022: $0Net Assets 2022: $479,3972022Assets 2023: $305,532Liabilities 2023: $0Net Assets 2023: $305,5322023Assets 2024: $440,154Liabilities 2024: $2,000Net Assets 2024: $438,1542024

Highlighted filing

2023

Assets$305,532
Liabilities$0
Net Assets$305,532

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $468,384Expenses 2014: $457,284Net Income 2014: $11,1002014Revenue 2016: $570,284Expenses 2016: $647,376Net Income 2016: -$77,0922016Revenue 2017: $607,728Expenses 2017: $594,032Net Income 2017: $13,6962017Revenue 2019: $571,940Expenses 2019: $547,710Net Income 2019: $24,2302019Revenue 2020: $474,685Expenses 2020: $443,822Net Income 2020: $30,8632020Revenue 2021: $568,419Expenses 2021: $454,262Net Income 2021: $114,1572021Revenue 2022: $533,235Expenses 2022: $454,776Net Income 2022: $78,4592022Revenue 2023: $363,165Expenses 2023: $537,030Net Income 2023: -$173,8652023Revenue 2024: $675,146Expenses 2024: $542,524Net Income 2024: $132,6222024

Highlighted filing

2023

Revenue$363,165
Expenses$537,030
Net Income-$173,865
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Jun 14, 2024
Return Version
2022v5.0
Gross Receipts
$363,165
Mission and Program Overview

Mission

To provide a fraternal environment for male college students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$171,533$204,000▲ $32,467
Cash and Non-Interest-Bearing Accounts$307,533$101,532▼ $206,001
Total Assets$479,397$305,532▼ $173,865
Other Assets Total$331--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$479,397$305,532▼ $173,865
Total Net Assets Fund Balance$479,397$305,532▼ $173,865
Total Liabilities and Net Assets / Fund Balance$479,397$305,532▼ $173,865

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,039$298,359$333,398
Buildings-$302,525$302,525
Other Land Buildings$161,961$115,167$277,128
Land$7,000-$7,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank ViscontiPresident (a
Michael RimerPresident (k
Brian LernerDirector (al
Mike SteppeDirector (al
Ted McfaddenDirector (al
Dale F SpadaforaDirector (ki
Shawn McginleyDirector (ki
Terry ReedSecr/treas (
Tony HinsonSecretary (k
Scott TurerTreasurer (k
Dale F SpadaforaVice Pres (a
Mark MaierVice Pres (k
Revenue and Support

Revenue Composition

Contributions and Grants
$9,573
Program Service Revenue
$353,592
Investment Income
$0
Other Revenue
$0
All Other Contributions
$9,573
Change in Net Assets
$-173,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$495,050
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$154,825--$154,825
All Other Expenses$60,124--$60,124
Benefits to Members$41,980--$41,980
Other Expenses$28,203--$28,203
Depreciation Depletion$19,466--$19,466
Insurance$15,061--$15,061
Fees for Services Accounting-$8,740-$8,740
Interest$3,053--$3,053
Total Functional Expenses$528,290$8,740$0$537,030
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
No
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 6

The organization has members. The present members of the active chapter select new members from undergraduates at penn state university, and after an education period, initiate the new members into the chapter. They continue as an alumnus and a member of the alumni association. They continue after graduation as an alumnus and a member of the alumni association. All alumni are eligible to vote at the annual homecoming meeting for directors of the penn state kimball corporation and the alumni association.

Form 990, Page 6, Part VI, Line 7A

The directors and officers are elected by the alumni present at the annual homecoming meeting. The trustees for the chapter are selected by the current board of trustees. The officers for the penn state kimball corporation are selected by the elected directors.

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

The form 990 is reviewed by at least one officer of penn state kimball corporation before filing.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Delta Chi Fraternity
EIN
24-0798310
Phone
7172373680
Address
424 EAST FAIRMONT AVE, STATE COLLEGE, PA 16801
Doing Business As
Penn State Kimball Corporation

Signing Officer

Name
Michael Rimer
Title
President (kimball)
Phone
7175991141
Signed
2024-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Rimer
Formed
1929
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
22

Preparer

Firm
Converge Pc
Address
600 SCIENCE PARK ROAD SUITE 600-A, STATE COLLEGE, PA 16803
Preparer
Lori Z Callenberger
Phone
8142385555
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Any lawful business purpose to be conducted on a not-for-profit basis, including but not limited to, the purchase, ownership, maintenance, repair, management, protection, sale or lease of a chapter house and the furniture and equipment located therein, for the social, educational, and fraternal enrichment of the student members of the pennsylvania state university chapter of the delta chi fraternity. The kimball corporation does not contemplate pecuniary gain or profit, incidental or otherwise. Undergraduate chapter of national collegiate social fraternity.

Form 990, Page 1, Part I, Line 6

Officers and board members are volunteers, providing leadership & governance, setting policies and raising funds.

Form 990, Part IX, Line 24E

Risk management assessmen 24,188 0 0 bank and credit card fees 18,570 0 0 management 11,328 0 0 composite 2,554 0 0 permit 2,028 0 0 miscellaneous 1,206 0 0 dues 250 0 0 total 60,124 0 0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY LAWFUL BUSINESS PURPOSE TO BE CONDUCTED ON A NOT-FOR-PROFIT BASIS, INCLUDING BUT NOT LIMITED TO, THE PURCHASE, OWNERSHIP, MAINTENANCE, REPAIR, MANAGEMENT, PROTECTION, SALE OR LEASE OF A CHAPTER HOUSE AND THE FURNITURE AND EQUIPMENT LOCATED THEREIN, FOR THE SOCIAL, EDUCATIONAL, AND FRATERNAL ENRICHMENT OF THE STUDENT MEMBERS OF THE PENNSYLVANIA STATE UNIVERSITY CHAPTER OF THE DELTA CHI FRATERNITY. THE KIMBALL CORPORATION DOES NOT CONTEMPLATE PECUNIARY GAIN OR PROFIT, INCIDENTAL OR OTHERWISE. UNDERGRADUATE CHAPTER OF NATIONAL COLLEGIATE SOCIAL FRATERNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND BOARD MEMBERS ARE VOLUNTEERS, PROVIDING LEADERSHIP & GOVERNANCE, SETTING POLICIES AND RAISING FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS MEMBERS. THE PRESENT MEMBERS OF THE ACTIVE CHAPTER SELECT NEW MEMBERS FROM UNDERGRADUATES AT PENN STATE UNIVERSITY, AND AFTER AN EDUCATION PERIOD, INITIATE THE NEW MEMBERS INTO THE CHAPTER. THEY CONTINUE AS AN ALUMNUS AND A MEMBER OF THE ALUMNI ASSOCIATION. THEY CONTINUE AFTER GRADUATION AS AN ALUMNUS AND A MEMBER OF THE ALUMNI ASSOCIATION. ALL ALUMNI ARE ELIGIBLE TO VOTE AT THE ANNUAL HOMECOMING MEETING FOR DIRECTORS OF THE PENN STATE KIMBALL CORPORATION AND THE ALUMNI ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DIRECTORS AND OFFICERS ARE ELECTED BY THE ALUMNI PRESENT AT THE ANNUAL HOMECOMING MEETING. THE TRUSTEES FOR THE CHAPTER ARE SELECTED BY THE CURRENT BOARD OF TRUSTEES. THE OFFICERS FOR THE PENN STATE KIMBALL CORPORATION ARE SELECTED BY THE ELECTED DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS REVIEWED BY AT LEAST ONE OFFICER OF PENN STATE KIMBALL CORPORATION BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RISK MANAGEMENT ASSESSMEN 24,188 0 0 BANK AND CREDIT CARD FEES 18,570 0 0 MANAGEMENT 11,328 0 0 COMPOSITE 2,554 0 0 PERMIT 2,028 0 0 MISCELLANEOUS 1,206 0 0 DUES 250 0 0 TOTAL 60,124 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0479397
IRS990/TotalAssetsEOYAmt0305532
IRS990/TotalAssetsGrp/BOYAmt0479397
IRS990/TotalAssetsGrp/EOYAmt0305532
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt09573
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08740
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0528290
IRS990/TotalFunctionalExpensesGrp/TotalAmt0537030
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0479397
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0305532
IRS990/TotalProgramServiceRevenueAmt0353592
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0353592
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0363165
IRS990/TotalVolunteersCnt022
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0479397
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0305532
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL RIMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT (KIMBALL)
ReturnHeader/BusinessOfficerGrp/PhoneNum07175991141
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DELTA CHI FRATERNITY
ReturnHeader/Filer/BusinessNameControlTxt0DELT
ReturnHeader/Filer/EIN0240798310
ReturnHeader/Filer/PhoneNum07172373680
ReturnHeader/Filer/USAddress/AddressLine1Txt0424 EAST FAIRMONT AVE
ReturnHeader/Filer/USAddress/CityNm0STATE COLLEGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016801
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONVERGE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 SCIENCE PARK ROAD SUITE 600-A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STATE COLLEGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd016803
ReturnHeader/PreparerPersonGrp/PhoneNum08142385555
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORI Z CALLENBERGER
ReturnHeader/ReturnTs02024-06-14T15:33:22-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RIMER
ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

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