Civic Intelligence

Delta Upsilon Educational Foundation Inc.

990 • Fiscal year 2015 • EIN 35-1976226

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 09, 2016

8705 Founders RoadIndianapolis, IN 46268

(317) 875-8900

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

12th percentile

0.02x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

31st percentile

$79,730

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

77th percentile

12%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

13th percentile

-21%

Faster revenue growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$6,317,215

Up $679,114 (+12%) from 2014

Net Assets

Up

$6,286,420

Up $684,815 (+12%) from 2014

Liabilities

Down

$30,795

Down $5,701 (-16%) from 2014

Revenue

Down

$1,841,378

Down $490,696 (-21%) from 2014

Expenses

Down

$1,161,206

Down $166,799 (-13%) from 2014

Net Income

Down

$680,172

Down $323,897 (-32%) from 2014

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

2015

Assets$6,317,215
Liabilities$30,795
Net Assets$6,286,420

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

2015

Revenue$1,841,378
Expenses$1,161,206
Net Income$680,172
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 9, 2016
Return Version
2014v6.0
Gross Receipts
$2,275,750
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$2,328,702$2,561,952▲ $233,250
Cash and Non-Interest-Bearing Accounts$796,158$1,392,466▲ $596,308
Investments Other Securities$698,751$733,274▲ $34,523
Pledges and Grants Receivable$812,026$581,523▼ $230,503
Land, Buildings, and Equipment, Net$492,092$468,624▼ $23,468
Savings and Temporary Cash Investments$335,564$391,366▲ $55,802
Prepaid Expenses and Deferred Charges$33,937$34,991▲ $1,054
Accounts Receivable$500$1,976▲ $1,476
Total Assets$5,638,101$6,317,215▲ $679,114
Other Assets Total$140,371$151,043▲ $10,672
Liabilities
Accounts Payable and Accrued Expenses$36,496$30,795▼ $5,701
Total Liabilities$36,496$30,795▼ $5,701
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,093,979$3,805,878▲ $711,899
Permanently Rstr Net Assets$2,697,698$2,726,825▲ $29,127
Unrestricted Net Assets$-190,072$-246,283▼ $56,211
Total Net Assets Fund Balance$5,601,605$6,286,420▲ $684,815
Total Liabilities and Net Assets / Fund Balance$5,638,101$6,317,215▲ $679,114

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$446,062$352,166$798,228
Equipment$3,682$151,453$155,135
Land$18,880-$18,880
Other Securities$733,274--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$3,189,638$48,901▲ $66,677$-2,675$3,179,078
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justin J KirkExecutive DirectorFT$74,034$5,696$79,730
Mike MccreeAssociate Executive DirectorFT$65,611$6,800$72,411

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,642,684
Program Service Revenue
$0
Investment Income
$133,518
Other Revenue
$65,176
All Other Contributions
$1,642,684
Change in Net Assets
$680,172

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$199,368Fair Market Value
Total Noncash Contributions14$199,368-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,827,785
Revenue Not Reported on Financial Statements
$13,593
Revenue Not Reported on Form 990
$-19,607
Total Revenue per Audited Statements
$1,808,178
Total Revenue per Form 990
$1,841,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$420,244
Salaries, Compensation, and Employee Benefits$404,470
Total Fundraising Expense$331,659
Other Expenses$289,029
Professional Fundraising Fees$47,463

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$318,914--$318,914
Other Salaries and Wages$5,668$74,490$118,988$199,146
Current Officers, Directors, Trustees, and Key Employees$23,963$42,291$96,862$163,116
Grants to Domestic Individuals$101,330--$101,330
Fees for Services Professional Fundraising--$47,463$47,463
Travel$1,611$5,952$33,827$41,390
Occupancy-$35,493-$35,493
Conferences and Meetings-$27,812-$27,812
Depreciation Depletion-$26,667-$26,667
Payroll Taxes$1,808$7,425$13,588$22,821
Fees for Services Accounting-$16,250-$16,250
Insurance-$15,323-$15,323
Fees for Services Legal-$13,867-$13,867
Fees for Service Investment Mgmnt Fees-$13,353-$13,353
All Other Expenses-$13,066-$13,066
Other Employee Benefits$548$4,764$7,394$12,706
Other Expenses-$2,564$7,804$10,368
Pension Plan Contributions$48$2,650$3,983$6,681
Fees for Services Other-$4,661-$4,661
Office Expenses-$2,239-$2,239
Total Functional Expenses$453,890$375,657$331,659$1,161,206

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,161,206
Expenses per Audited Statements$1,123,363
Total Expenses per Audited Statements$1,123,363
Expenses Not Reported on Financial Statements$37,843
Other Expense Adjustments$24,250
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Delta Upsilon International FraternityIndianapolis, IN501(c)(7)Educational and Leadership Programs$142,274
Oklahoma Delta Upsilon CorporationOklahoma City, OK501(c)(7)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$72,375
Delta Upsilon Kansas State Alumni ChapterManhattan, KS501(c)(2)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$68,799
Delta Upsilon San Jose Alumni Corp Co Ed MosherSan Jose, CA501(c)(7)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$22,519
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$47,463
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
Backup withholding compliance
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 1023 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

Filer Name
Delta Upsilon Educational Foundation
EIN
35-1976226
Phone
3178758900
Address
8705 FOUNDERS ROAD, INDIANAPOLIS, IN 46268

Signing Officer

Name
Justin Kirk
Title
Executive Director
Phone
3178758900
Signed
2016-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Kirk
Formed
1949
Legal Domicile
In
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
18

Preparer

Firm
K B Parrish & Co Llp
Address
6840 EAGLE HIGHLANDS WAY, INDIANAPOLIS, IN 46254
Preparer
Ryan Keith CPA
Phone
3173475200
Supplemental Narrative

Additional Explanations

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, 2015, the foundation used the services of 10 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 $404,470 for the year.

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, 2012 through june 30, 2014.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in allowance of uncollectible pledges loss on uncollectable pledges netted with revenues -24,250.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Loss on uncollectable pledges netted with revenues 24,250.

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/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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