Delta Upsilon International

“The corporation has two classes of nonvoting members. Members include all members of the fraternity who have been initiated and are in good standing with the fraternity, as well as all associate members who have pledged membership to the fraternity.”

“Delta upsilon international fraternity has local chapters throughout the united states. Each chapter is entitled to a vote on the annual election of the board. Additionally, alumni of the fraternity who are in attendance at the fraternity's bi-annual convention are entitled to a vote as well. Outside of the vote for the board election, chapter representatives or convention attendees have the capacity to direct the board or otherwise participate in the governance of the organization. These individuals have no rights to receive distributions of income or assets from the fraternity.”

“The assembly elects the board of directors and has the power and authority to make constitution and by-laws changes.”

“Delta upsilon international fraternity receives and reviews a copy of form 990 prior to filing.”

“The executive committee reviews conflict of interest disclosures. Actual or potential conflicts are addressed individually on a case-by-case basis and resolved timely, if applicable.”

“At least annually, the executive director receives a performance review by the board of trustees' executive committee. The board reviews annually the overall compensation package of the executive director. Any deliberations, findings, or salary adjustments are documented.”

“The organization makes its annual form(s) 990 and 990-t (if applicable) and its form 1024 available to interested parties upon written request.”

“Delta upsilon international fraternity makes its governing documents available to interested parties upon written request.”

“Description of written policies and procedures - delta upsilon international fraternity, inc. Has written policies for governing chapters and identifying their rights within the national organization, but each chapter is responsible for ensuring they have written policies and procedures for governing their own activities and ensuring their policies and procedures are consistent with delta upsilon international fraternity, inc. Requirements for membership.”

“Delta upsilon international fraternity and delta upsilon educational foundation share employees. All payroll is reported under a single payroll account, a payroll leasing company, and all quarterly and annual payroll filings with the internal revenue service and the state of indiana are reported under the payroll leasing company's name. During the fiscal year ended june 30, 2023, 10 of the 17 employees the fraternity had were individuals who performed services for the foundation. The foundation reimburses the fraternity for the actual cost of the employees' compensation, including benefits and payroll taxes. These payroll and related costs are recorded by the foundation as expense, and the fraternity treats them as an expense reduction.”

“Officer compensation - the executive director of delta upsilon international fraternity (duif) also serves as the executive director for the delta upsilon educational foundation (duef). Duif charges the duef for the allocable share of wages for services performed on behalf of duef. As a result, the amount recorded in line 5 is the net amount of officer wages incurred by duif. For tax year 2022, total officer compensation was $375,291. Of this amount, $136,792 was charged to duef. The net of $238,499 has been reported in line 5.”

“Currency exchange gain/loss -15,661.”

“Delta upsilon international fraternity has an audit committee that assumes responsibility for overseeing the audit process as well as selecting an independent accountant.”