Civic Intelligence

Delta Upsilon Educational Foundation Inc.

990 • Fiscal year 2014 • EIN 35-1976226

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 13, 2015

8705 Founders Road46268

(317) 875-8900

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

12th percentile

0.02x

Higher debt load relative to revenue than 12% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

29th percentile

$74,386

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

89th percentile

30%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$5,638,101

Up $1,301,699 (+30%) from 2013

Net Assets

Up

$5,601,605

Up $1,288,508 (+30%) from 2013

Liabilities

Up

$36,496

Up $13,191 (+57%) from 2013

Revenue

$2,332,074

No earlier filing loaded for comparison.

Expenses

Up

$1,328,005

Up $319,466 (+32%) from 2013

Net Income

$1,004,069

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2012: $3,411,306Liabilities 2012: $42,428Net Assets 2012: $3,368,8782012Assets 2013: $4,336,402Liabilities 2013: $23,305Net Assets 2013: $4,313,0972013Assets 2014: $5,638,101Liabilities 2014: $36,496Net Assets 2014: $5,601,6052014Assets 2015: $6,317,215Liabilities 2015: $30,795Net Assets 2015: $6,286,4202015Assets 2016: $4,585,127Liabilities 2016: $10,749Net Assets 2016: $4,574,3782016Assets 2017: $5,138,005Liabilities 2017: $31,425Net Assets 2017: $5,106,5802017Assets 2018: $5,520,861Liabilities 2018: $52,300Net Assets 2018: $5,468,5612018Assets 2019: $5,445,942Liabilities 2019: $65,726Net Assets 2019: $5,380,2162019Assets 2020: $5,486,509Liabilities 2020: $96,995Net Assets 2020: $5,389,5142020Assets 2021: $6,937,627Liabilities 2021: $25,795Net Assets 2021: $6,911,8322021Assets 2022: $8,291,486Liabilities 2022: $51,241Net Assets 2022: $8,240,2452022Assets 2023: $9,282,499Liabilities 2023: $121,697Net Assets 2023: $9,160,8022023

Highlighted filing

2014

Assets$5,638,101
Liabilities$36,496
Net Assets$5,601,605

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2012: $1,159,5262012Expenses 2013: $1,008,5392013Revenue 2014: $2,332,074Expenses 2014: $1,328,005Net Income 2014: $1,004,0692014Revenue 2015: $1,841,378Expenses 2015: $1,161,206Net Income 2015: $680,1722015Revenue 2016: $1,451,547Expenses 2016: $2,898,355Net Income 2016: -$1,446,8082016Revenue 2017: $1,718,692Expenses 2017: $1,352,894Net Income 2017: $365,7982017Revenue 2018: $1,810,653Expenses 2018: $1,673,247Net Income 2018: $137,4062018Revenue 2019: $1,550,947Expenses 2019: $2,000,847Net Income 2019: -$449,9002019Revenue 2020: $1,516,498Expenses 2020: $1,408,838Net Income 2020: $107,6602020Revenue 2021: $1,940,182Expenses 2021: $1,011,422Net Income 2021: $928,7602021Revenue 2022: $3,678,701Expenses 2022: $1,554,107Net Income 2022: $2,124,5942022Revenue 2023: $2,460,492Expenses 2023: $1,786,994Net Income 2023: $673,4982023

Highlighted filing

2014

Revenue$2,332,074
Expenses$1,328,005
Net Income$1,004,069
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 13, 2015
Return Version
2013v4.0
Gross Receipts
$2,974,634
Mission and Program Overview

Mission

To provide educational resources to graduate and undergraduate students and delta upsilon international fraternity.

Education and development of undergraduates

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,732,939$2,328,702▲ $595,763
Pledges and Grants Receivable$513,908$812,026▲ $298,118
Cash and Non-Interest-Bearing Accounts$513,166$796,158▲ $282,992
Investments Other Securities$909,407$698,751▼ $210,656
Land, Buildings, and Equipment, Net$523,711$492,092▼ $31,619
Savings and Temporary Cash Investments$101,008$335,564▲ $234,556
Prepaid Expenses and Deferred Charges$31,763$33,937▲ $2,174
Accounts Receivable-$500-
Total Assets$4,336,402$5,638,101▲ $1,301,699
Other Assets Total$10,500$140,371▲ $129,871
Liabilities
Accounts Payable and Accrued Expenses$23,305$36,496▲ $13,191
Total Liabilities$23,305$36,496▲ $13,191
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,993,518$3,093,979▲ $1,100,461
Permanently Rstr Net Assets$2,430,829$2,697,698▲ $266,869
Unrestricted Net Assets$-111,250$-190,072▼ $78,822
Total Net Assets Fund Balance$4,313,097$5,601,605▲ $1,288,508
Total Liabilities and Net Assets / Fund Balance$4,336,402$5,638,101▲ $1,301,699

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$468,638$329,590$798,228
Equipment$4,574$147,362$151,936
Land$18,880-$18,880
Other Securities$698,751--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$2,725,921$238,945▲ $268,983$-62,363$3,189,638
2012$2,626,502$41,875▲ $140,715$-9,500$2,725,921
2011$2,648,315$17,952▲ $96,531$35,923$2,626,502
2010$2,342,345$72,629▲ $356,938$50,110$2,648,315
2009$2,824,676$51,182▲ $182,583$653,175$2,342,345
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justin J KirkExecutive DirectorFT$69,093$5,293$74,386

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,099,010
Program Service Revenue
$0
Investment Income
$172,858
Other Revenue
$60,206
All Other Contributions
$2,099,010
Change in Net Assets
$1,004,069

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded14$167,475Fair Market Value
Total Noncash Contributions14$167,475-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,319,965
Revenue Not Reported on Financial Statements
$12,109
Revenue Not Reported on Form 990
$283,519
Total Revenue per Audited Statements
$2,603,484
Total Revenue per Form 990
$2,332,074
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$637,744
Salaries, Compensation, and Employee Benefits$382,085
Total Fundraising Expense$307,266
Other Expenses$265,889
Professional Fundraising Fees$42,287

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$565,946--$565,946
Other Salaries and Wages$18,822$76,629$160,332$255,783
Current Officers, Directors, Trustees, and Key Employees$8,170$32,677$40,846$81,693
Grants to Domestic Individuals$71,798--$71,798
Fees for Services Professional Fundraising--$42,287$42,287
Occupancy-$33,349-$33,349
Travel$1,277$10,233$20,986$32,496
Depreciation Depletion-$31,619-$31,619
Information Technology-$24,841-$24,841
Conferences and Meetings-$24,272-$24,272
Payroll Taxes$1,827$7,401$13,708$22,936
Fees for Services Accounting-$15,175-$15,175
Other Employee Benefits$1,116$4,530$8,825$14,471
Insurance-$14,147-$14,147
Fees for Service Investment Mgmnt Fees-$12,109-$12,109
Fees for Services Legal-$12,000-$12,000
Pension Plan Contributions$503$2,054$4,645$7,202
All Other Expenses-$5,973$237$6,210
Fees for Services Other-$4,359$798$5,157
Other Expenses-$3,912$6,996$3,912
Office Expenses-$2,073$119$2,192
Total Functional Expenses$669,459$351,280$307,266$1,328,005

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,328,005
Expenses per Audited Statements$1,314,976
Total Expenses per Audited Statements$1,314,976
Expenses Not Reported on Financial Statements$13,029
Other Expense Adjustments$920
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
73-6102614-501(c)(7)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$276,209
35-1964887-501(c)(7)Educational and Leadership Programs$154,522
34-1568041-501(c)(7)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$124,000
42-0951284-501(c)(7)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$10,716
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$42,287
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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, Section B, Line 11

Delta upsilon educational foundation receives and reviews a copy of form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

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.

Form 990, Part VI, Section B, Line 15A

At least annually, the executive director receives an annual 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.

Form 990, Part VI, Section C, Line 18

The organization makes its annual form(s) 990 and 990-t (if applicable) and its form 1024 available to interested parties upon written request. Annual form 990s can also be attained through third party websites such as www.guidestar.com.

Form 990, Part VI, Section C, Line 19

Delta upsilon educational foundation makes its governing documents available to interested parties upon written request.

Filing and Contact Details

Filer

EIN
35-1976226
Phone
3178758900

Signing Officer

Name
Justin Kirk
Title
Executive Director
Phone
3178758900
Signed
2015-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Kirk
Formed
1949
Legal Domicile
In
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Preparer
Ryan Keith CPA
Phone
3173475200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The society has not undertaken any new programs but has delineated the description of their existing programs.

FORM 990, PART V, LINE 2A:

Delta upsilon educational foundation and delta upsilon international fraternity share employees. All payroll is reported under a single payroll account, the fraternity's, and all quarterly and annual payroll filings with the internal revenue service and the state of indiana are reported under the fraternity's name. During the fiscal year ended june 30, 2014, the foundation used the services of 11 individuals on the fraternity's payroll. The foundation reimburses the fraternity for the actual cost of these individual's compensation, including benefits and payroll taxes. These payroll and related costs are recorded as expenses on part ix, lines 5 thru 10, and the fraternity treats these reimbursements as expense reduction. The total cost of this reimbursement was $382,085 for the year.

FORM 990, PART XI, LINE 9:

Change in allowance for uncollectible pledges -7,000.

Financial Statement Notes

PART V, LINE 4:

Investment earnings from endowment funds are used to award scholarships to undergraduate and graduate students attending colleges and universities and to fund educational grants to organizations to promote scholarship, leadership, citizenship, and student health programs.

PART X, LINE 2:

The foundation has evaluated tax positions taken in the tax returns filed and has determined that there are no uncertain tax positions as defined by generally accepted accounting standards. Under a three-year statute of limitations, the foundation remains subject to examination by the internal revenue service for the years ended june 30, 2011 through june 30, 2013.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in allowance of uncollectible pledges -7,000. Loss on uncollectable pledges netted with revenues -920.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Loss on uncollectable pledges netted with revenues 920.

SCHEDULE D, PART V, LINE 4:

The organization invests and grows its endowment funds in order to use the income to further support its charitable and educational mission through scholarships and educational program funding.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4VP OF INVESTMENTS
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP OF DEVELOPMENT
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IRS990/ProgSrvcAccomActy2Grp/Desc0LEADERSHIP AND OTHER EDUCATIONAL PROGRAMMING: PROGRAMS IN CONNECTION WITH DELTA UPSILON INTERNATIONAL FRATERNITY INCLUDING THE FOLLOWING: 1.) LEADERSHIP INSTITUTE: A FOUR DAY CONFERENCE CONSISTING OF EDUCATIONAL PROGRAMS FOR DELTA UPSILON FRATERNITY UNDERGRADUATE LEADERS. 2.) REGIONAL LEADERSHIP ACADEMY: REGIONAL PROGRAMMING TO DEVELOP DELTA UPSILON FRATERNITY MEMBERSHIP LEADERSHIP SKILLS. 3.) WINTER EDUCATIONAL CONFERENCE: A THREE DAY LEADERSHIP PROGRAM FOR DELTA UPSILON FRATERNITY CHAPTER PRESIDENTS, FOCUSING ON IMPROVING LEADERSHIP SKILLS AND PERSONAL DEVELOPMENT. 4) DELTA UPSILON EMERGING LEADERS: EMERGING LEADERS EXPERIENCE PROVIDES LEADERSHIP AND SKILL DEVELOPMENT FOR FIRST YEAR DELTA UPSILON FRATERNITY UNDERGRADUATE MEMBERS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CHARITABLE OUTREACH PROGRAMS AND GRANTS: THESE INCLUDE THE FOLLOWING: 1.) GLOBAL SERVICE INITIATIVE: US AND INTERNATIONAL VOLUNTEER OPPORTUNITIES TO ENGAGE IN ACTIVE AND MEANINGFUL SERVICE FOR A WIDE RANGE OF ECONOMIC, POLITICAL, CULTURAL, AND SOCIAL ISSUES. THE PROGRAM INTEGRATES IMMERSION BASED EXPERIENCE WITH FOCUSED AND DELIBERATE SERVICE AND REFLECTION ACTIVITIES. 2.) GRANTS AND OTHER CHARITABLE EFFORTS TO SUPPORT OTHER EXEMPT ORGANIZATIONS WITH SIMILAR MISSIONS OR AS CHOSEN BY MEMBERSHIP OR THE BOARD OF TRUSTEES.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER EDUCATIONAL PROGRAMS: SCHOLARSHIPS BENEFITING DELTA UPSILON FRATERNITY UNDERGRADUATES, FOCUSING ON EDUCATION AND LEADERSHIP.
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