Delta Tau Delta Fraternity

“The fraternity is composed of members in good standing who have been duly initiated into undergraduate chapters established at various colleges and universities in the united states and canada. A biennial general convention of members and delegates (karnea) is the legislative session of the fraternity. The karnea delegate body is formed of 2 undergraduate voting delegates elected from each undergraduate chapter, 1 voting alumnus or member of each chapter's alumni advising team, and 1-2 voting delegates elected from each chartered and operating alumni chapter (depends on chapter size). Karnea delegates (1) elect the fraternity's board of directors (president, vice president, and treasurer) which is the principal administrative body of the fraternity as to all its corporate affairs and the director of member development, (2) have the power to levy taxes and assessments, and (3) make all laws necessary and proper for carrying into the execution the mission and values and general welfare of the fraternity, as well as the powers established by the fraternity's constitution with respect to the governance of the fraternity.”

“Karnea delegates may with a two thirds (2/3) vote of the convention body either repeal or amend the fraternity's constitution only upon the subsequent approval of two thirds (2/3) of the undergraduate chapters if the karnea action is approved by the president, or repeal or amend the fraternity's constitution only upon the subsequent approval of four fifths (4/5) of the undergraduate chapters if the karnea action is disapproved by the president.”

“The form 990 is distributed to the ceo and all audit committee members via email and then reviewed jointly via a conference call with the fraternity's external audit firm's tax professionals prior to its electronic filing with the irs. The board members recieve a copy of the tax return before it is filed.”

“A conflict of interest policy and questionnaire are distributed to all interested persons. All new interested persons complete the disclosure statement within sixty days of their election, appointment or employment. The conflict of interest committee reviews the questionnaires and recommends which matters interested persons should recuse themselves from as well as determines that any associated transaction or arrangement is in the fraternity's best interest and for its benefit, that the terms of the transaction or arrangement are fair and reasonable to the fraternity, and after the exercise of due diligence, that the fraternity cannot obtain a more advantageous transaction or arrangement with reasonable efforts under the circumstances. An interested person abstains from taking part in or being present at any committee or board meeting determining the impact of that particular interested person's conflict of interest except to provide such information as the committee or board may request for consideration. If necessary, the board may appoint a disinterested person to investigate any alternatives to the proposed transactions or arrangement.”

“Annually and prior to considering any change in the chief executive officer's compensation, the board receives a report that lists all compensation awarded to the chief executive officer and respective values. The board receives one or more compensation surveys containing market-based compensation information for similarly-situated individuals to the chief executive officer in similarly-situated organizations to the fraternity. A review of the chief executive officer's compensation program and respective market-based information is conducted by the board prior to implementation of any changes to the chief executive officer's compensation. The board is assisted with this review by a qualified compensation consultant. The board ensures that no director participating in the review and subsequent compensation decisions has a conflict of interest. The board will rely on the conflict of interest committee for this determination. Written minutes of the board's deliberation and associated actions taken approving the chief executive officer's compensation are kept. The board annually reviews the fraternity's tax return (form 990) prior to its filing to ensure that the chief executive officer's compensation is accurately and completely disclosed per the irs requirements. The above described process was last undertaken in 2023.”

“Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (irc) section 6104. These documents are not made public at this time.”

“(Expenses $ including grants of $) THE FRATERNITY HOSTS THE COMPASS EXPERIENCE PARTNERING WITH LEADERSHAPE, A NATIONALLY RECOGNIZED NONPROFIT ORGANIZATION FOCUSED ON LEADERSHIP SKILLS, TO HOST ITS FLAGSHIP PROGRAM, THE LEADERSHAPE INSTITUTE. THE LEADERSHAPE INSTITUTE SERVES AS THE FOUNDATIONAL PROGRAM FOR EMERGING LEADERS WITHIN DELTA TAU DELTA THAT ARE INTERESTED IN FOSTERING LEADERSHIP SKILLSET. THE PROGRAM IS A 4-DAY IMMERSIVE EXPERIENCE GROUNDED IN HELPING INDIVIDUALS IDENTIFY THE VALUES THEY HOLD THAT LEAD TO MAKING A DIFFERENCE IN COMMUNITIES AROUND THEM. THE CURRICULUM UTILIZES SELF-ASSESSMENT, INTENSIVE SMALL GROUP DISCUSSIONS, TEAM-BUILDING CHALLENGES AND FEEDBACK IN A LEARNING COMMUNITY, WHILE PARTICIPANTS DEVELOP A VISION FOR SOMETHING THEY CARE ABOUT.”

“Delta tau delta educational foundation, inc. (foundation) is a legally separate entity organized to solicit contributions and disburse such funds in the form of educational grants, scholarships and loans. Solicitations are made in its name and all funds are used by the foundation in fulfilling its educational objectives. Although the fraternity and the foundation are separate legal entities, they do have a couple of common board members. The fraternity and foundation were shown as related organizations on prior returns. Amended bylaws were filed by the foundation november 10, 2012 to limit the number of board members serving from the fraternity from five to two. This change means the two organizations are no longer considered related by the definitions used by form 990, schedule r. The fraternity signed a renewable, ten-year noncancellable operating lease through july 31, 2027 to occupy space within an office building the foundation owns. The fraternity provides services such as personnel and related benefits, office equipment and supplies to the foundation, and the foundation reimburses the fraternity for its allocable share of these costs. The fraternity provides a broad spectrum of educational programming including leadership development and alcohol abuse prevention. The cost of these programs is primarily funded by the fraternity however, the foundation makes qualified contributions to the fraternity that are used to fund a portion of the cost of these educational programs.”