Civic Intelligence

Phi Delta Theta Foundation

990 • Fiscal year 2020 • EIN 34-6539803

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 16, 2021

2 South Campus AvenueOxford, OH 45056

(513) 523-6345

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

13th percentile

0.06x

Higher debt load relative to revenue than 13% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$199,580

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

55th percentile

8.8%

Faster asset growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2020

Revenue Growth

16th percentile

-22%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2020

Assets

Up

$33,810,948

Up $7,555,206 (+29%) from 2017

Net Assets

Up

$33,654,532

Up $7,653,774 (+29%) from 2017

Liabilities

Down

$156,416

Down $98,568 (-39%) from 2017

Revenue

Down

$2,489,824

Down $2,857,611 (-53%) from 2017

Expenses

Down

$2,192,020

Down $280,358 (-11%) from 2017

Net Income

Down

$297,804

Down $2,577,253 (-90%) from 2017

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $11,329,550Liabilities 2011: $242,910Net Assets 2011: $11,086,6402011Assets 2012: $14,348,898Liabilities 2012: $222,135Net Assets 2012: $14,126,7632012Assets 2013: $15,656,469Liabilities 2013: $208,433Net Assets 2013: $15,448,0362013Assets 2014: $18,052,126Liabilities 2014: $275,517Net Assets 2014: $17,776,6092014Assets 2015: $21,418,713Liabilities 2015: $200,385Net Assets 2015: $21,218,3282015Assets 2016: $22,889,360Liabilities 2016: $290,585Net Assets 2016: $22,598,7752016Assets 2017: $26,255,742Liabilities 2017: $254,984Net Assets 2017: $26,000,7582017Assets 2020: $33,810,948Liabilities 2020: $156,416Net Assets 2020: $33,654,5322020Assets 2021: $39,955,120Liabilities 2021: $284,273Net Assets 2021: $39,670,8472021Assets 2022: $32,768,680Liabilities 2022: $192,764Net Assets 2022: $32,575,9162022Assets 2023: $36,900,341Liabilities 2023: $132,460Net Assets 2023: $36,767,8812023Assets 2024: $41,713,678Liabilities 2024: $146,167Net Assets 2024: $41,567,5112024

Highlighted filing

2020

Assets$33,810,948
Liabilities$156,416
Net Assets$33,654,532

Operations Trend

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

$10M$5.0M$0Expenses 2011: $1,657,1052011Expenses 2012: $2,207,4572012Revenue 2013: $2,729,496Expenses 2013: $2,635,449Net Income 2013: $94,0472013Revenue 2014: $5,647,506Expenses 2014: $2,116,694Net Income 2014: $3,530,8122014Revenue 2015: $5,102,097Expenses 2015: $1,901,623Net Income 2015: $3,200,4742015Revenue 2016: $2,634,199Expenses 2016: $2,516,754Net Income 2016: $117,4452016Revenue 2017: $5,347,435Expenses 2017: $2,472,378Net Income 2017: $2,875,0572017Revenue 2020: $2,489,824Expenses 2020: $2,192,020Net Income 2020: $297,8042020Revenue 2021: $4,831,339Expenses 2021: $2,607,266Net Income 2021: $2,224,0732021Revenue 2022: $3,398,913Expenses 2022: $3,267,379Net Income 2022: $131,5342022Revenue 2023: $9,336,527Expenses 2023: $3,316,755Net Income 2023: $6,019,7722023Revenue 2024: $5,989,346Expenses 2024: $3,487,217Net Income 2024: $2,502,1292024

Highlighted filing

2020

Revenue$2,489,824
Expenses$2,192,020
Net Income$297,804
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 16, 2021
Return Version
2020v4.0
Gross Receipts
$9,237,512
Mission and Program Overview

Mission

To strengthen men for life by building on the tradition of our core values: friendship, sound learning and rectitude.

To strengthen men for life by building on the tradition of our core values: Friendship, Sound Learning, and Rectitude.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$22,049,019$25,562,423▲ $3,513,404
Savings and Temporary Cash Investments$2,772,227$2,963,481▲ $191,254
Pledges and Grants Receivable$2,918,083$2,567,563▼ $350,520
Land, Buildings, and Equipment, Net$1,347,763$1,220,203▼ $127,560
Accounts Receivable$79,007$66,378▼ $12,629
Prepaid Expenses and Deferred Charges$21,562$39,105▲ $17,543
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$30,419,207$33,810,948▲ $3,391,741
Other Assets Total$1,231,546$1,391,795▲ $160,249
Liabilities
Accounts Payable and Accrued Expenses$76,295$111,247▲ $34,952
Other Liabilities$36,882$45,169▲ $8,287
Total Liabilities$113,177$156,416▲ $43,239
Net Assets / Fund Balance
Net Assets With Donor Restrictions$27,984,457$31,194,985▲ $3,210,528
Net Assets Without Donor Restrictions$2,321,573$2,459,547▲ $137,974
Total Net Assets Fund Balance$30,306,030$33,654,532▲ $3,348,502
Total Liabilities and Net Assets / Fund Balance$30,419,207$33,810,948▲ $3,391,741

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,199,149$2,504,415$3,703,564
Equipment$21,054$401,737$422,791

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$21,664,294$2,395,203▲ $2,144,432-$25,753,404
2019$18,027,961$516,000▲ $3,565,860-$21,664,294
2018$17,970,353$1,622,927▼ $1,142,015-$18,027,961
2017$15,604,731$772,921▲ $2,529,449$158,828$17,970,353
2016$15,615,485$380,969▲ $515,416-$15,604,731
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert A BiggsPresidentPT$180,078$19,502$199,580

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,394,052
Program Service Revenue
$0
Investment Income
$-92,610
Other Revenue
$188,382
All Other Contributions
$2,394,052
Change in Net Assets
$297,804

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,489,824
Revenue Not Reported on Form 990
$3,050,698
Total Revenue per Audited Statements
$5,540,522
Total Revenue per Form 990
$2,489,824
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$959,140
Grants and Similar Amounts Paid$767,653
Other Expenses$347,498
Total Fundraising Expense$244,985
Professional Fundraising Fees$117,729

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$93,976$490,205$40,183$624,364
Grants to Domestic Orgs$500,457--$500,457
Grants to Domestic Individuals$248,561--$248,561
Current Officers, Directors, Trustees, and Key Employees$30,036$156,702$12,842$199,580
Depreciation Depletion$19,197$100,156$8,207$127,560
Fees for Services Professional Fundraising--$117,729$117,729
Other Employee Benefits$8,374$43,701$3,582$55,657
Occupancy$6,961$36,315$2,976$46,252
Payroll Taxes$6,791$35,431$2,904$45,126
Pension Plan Contributions$5,179$27,020$2,214$34,413
Information Technology$4,633$24,173$3,107$31,913
Conferences and Meetings$505$2,636$27,624$30,765
Foreign Grants$18,635--$18,635
All Other Expenses$-246$2,357$13,084$15,195
Other Expenses$1,785$9,315$763$11,863
Fees for Services Legal$1,658$8,652$709$11,019
Fees for Services Other--$4,668$4,668
Fees for Services Accounting$376$1,963$161$2,500
Total Functional Expenses$956,775$990,260$244,985$2,192,020

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,192,020
Total Expenses per Audited Statements$2,192,020
Total Expenses per Form 990$2,192,020
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Phi Delta Theta FraternityOxford, OH501(c)(7)Educational & leadership programs$306,856
Kansas Alpha Phi Delta ThetaMission Hills, KS501(c)(2)Educational housing grant$91,000
Kappa Sigma Nu AssociationCorvallis, OR501(c)(7)Educational housing grant$69,135
Phi Delta Theta Club ColumbiaColumbia, MO501(c)(7)Educational Housing Grant$26,000
MO Epsilon of Phi Delta ThetaSpringfield, MO501(c)(7)Educational housing grant$7,466

International Summary

Spending
$18,635

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaGrants to recipients-00$18,635
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$117,729
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued salaries$41,674
Annuities payable$3,495
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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, Part VI, Line 11B: Form 990 Review Process

The President and/or Board of Trustees examines a draft copy of the form 990 prior to filing with the Internal Revenue Service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization prohibits conflicts of interest with its board members and other personnel. Conflict of interest disclosure statements are reviewed annually and any conflicts are resolved immediately.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The related fraternal organization has a compensation and benefits committee that reviews the compensation arrangement with the organization's President and advises the Board of Trustees on comparable information across similar organizations.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Phi Delta Theta Foundation makes its governing documents available to interested parties upon request.

Filing and Contact Details

Filer

Filer Name
Phi Delta Theta Foundation
EIN
34-6539803
Phone
5135236345
Address
2 South Campus Avenue, Oxford, OH 45056

Signing Officer

Name
Sean S Wagner
Title
President
Phone
5235236345
Signed
2021-08-16

Organization Details

Principal Officer
Sean S Wagner
Formed
1958
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
11
Volunteers
110
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Forgiveness of Paycheck Protection Plan loan = $129900

Financial Statement Notes

Part X : FIN48 Footnote

The Foundation is organized as a tax-exempt organization under Section 501c3 of the United States Internal Revenue Code. As such, the Foundation is exempt from income taxes. However, the Foundation is required to file Federal Form 990 Return of Organization Exempt from Income Tax which is an informational return only. The Foundation is subject to routine audits by taxing jurisdictions. However, as of the date the financial statements were available to be issued, there were no audits for any tax periods in progress. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of December 31, 2020 and 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Change in value of charitable trust $163476 Change in value of life insurance $-3227 Paycheck Protection Plan forgiveness $129900

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IRS990/Form990PartVIISectionAGrp/PersonNm8Frederick B Schultz
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IRS990/Form990PartVIISectionAGrp/PersonNm10Mark L Bye
IRS990/Form990PartVIISectionAGrp/PersonNm11Michael S Hyatt
IRS990/Form990PartVIISectionAGrp/PersonNm12Joseph W Royce
IRS990/Form990PartVIISectionAGrp/PersonNm13Chris Brussalis
IRS990/Form990PartVIISectionAGrp/PersonNm14Robert Bowen
IRS990/Form990PartVIISectionAGrp/PersonNm15Howard Gellis
IRS990/Form990PartVIISectionAGrp/PersonNm16John L Carter
IRS990/Form990PartVIISectionAGrp/PersonNm17Albert R Miller
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Sr. VP of Advancement
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
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IRS990/PrincipalOfficerNm0Sean S Wagner
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IRS990/ProgSrvcAccomActy2Grp/Desc0Provide scholarships and fellowships to over 300 individuals to recognize outstanding scholarship, leadership, and community involvement.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Other program expenses used to provide programming, education, and support for students to enhance their individual intellectual, character, and leadership skills. This includes educational area housing grants to chapter housing corporations and support for ALS research.
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