Phi Delta Kappa Fraternity

“All members vote for incoming officers and members”

“The govenance decisions of phi delta kappa are subject to approval by all members.”

“In a meeting with the organization accountant prior to filing the return, at least 2 board members were present and reviewed the final form 990 in detail.”

“Weekley meetings are held to review operations of the organization and conduct various managerial tasks including enforecement of conflicts of interest policies.”

“All governing documents, financial statements, and form 990 are available upon requests and stored with the organizations treasurer at 5060 s haverhill rd ext, greenacres, fl 33467”

“Property and cash were transferred from phi delta kappa florida nu west which was another local club that merged into phi delta kappa florida nu chapter. The basis of the property was $752,435 and the cash that was transferred was 55,876. The property was sold on march 31, 2023 since florida nu chapter could not afford the repairs that were needed.”

“Property located at 5700 brentbook blvd, lake worth, florida was transferred from phi delta kappa florida nu west which was another local club that merged into phi delta kappa florida nu chapter. The property sold for $1,825,000 and had a gain of $631,585. $330,000 of the proceeds has been used to purchase another property for their exempt purpose. The remaining $631,585 has been set aside for chartable purposes according to irc 170(c)(4). $347,335 was paid during the 2022 fiscal year. Florida nu chapter intends to give the remaining $284,250 within the next 3 years. The sale has been reported on the form 990-t.”