Civic Intelligence

Delta Upsilon Educational Foundation Inc.

990 • Fiscal year 2016 • EIN 35-1976226

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 18, 2017

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

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

3rd percentile

-100%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$79,681

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

4th percentile

-27%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

15th percentile

-21%

Faster revenue growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$4,585,127

Down $1,732,088 (-27%) from 2015

Net Assets

Down

$4,574,378

Down $1,712,042 (-27%) from 2015

Liabilities

Down

$10,749

Down $20,046 (-65%) from 2015

Revenue

Down

$1,451,547

Down $389,831 (-21%) from 2015

Expenses

Up

$2,898,355

Up $1,737,149 (+150%) from 2015

Net Income

Down

-$1,446,808

Down $2,126,980 (-313%) from 2015

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

2016

Assets$4,585,127
Liabilities$10,749
Net Assets$4,574,378

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

2016

Revenue$1,451,547
Expenses$2,898,355
Net Income-$1,446,808
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 18, 2017
Return Version
2015v3.0
Gross Receipts
$2,293,752
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$2,561,952$2,308,368▼ $253,584
Investments Other Securities$733,274$765,806▲ $32,532
Land, Buildings, and Equipment, Net$468,624$456,211▼ $12,413
Pledges and Grants Receivable$581,523$412,227▼ $169,296
Savings and Temporary Cash Investments$391,366$313,837▼ $77,529
Cash and Non-Interest-Bearing Accounts$1,392,466$101,794▼ $1,290,672
Prepaid Expenses and Deferred Charges$34,991$36,107▲ $1,116
Accounts Receivable$1,976$23,023▲ $21,047
Total Assets$6,317,215$4,585,127▼ $1,732,088
Other Assets Total$151,043$167,754▲ $16,711
Liabilities
Accounts Payable and Accrued Expenses$30,795$9,749▼ $21,046
Grants Payable-$1,000-
Total Liabilities$30,795$10,749▼ $20,046
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,726,825$2,836,956▲ $110,131
Temporarily Rstr Net Assets$3,805,878$2,231,437▼ $1,574,441
Unrestricted Net Assets$-246,283$-494,015▼ $247,732
Total Net Assets Fund Balance$6,286,420$4,574,378▼ $1,712,042
Total Liabilities and Net Assets / Fund Balance$6,317,215$4,585,127▼ $1,732,088

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$434,897$374,881$809,778
Equipment$2,434$153,342$155,776
Land$18,880-$18,880
Other Securities$765,806--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$3,179,078$32,063▲ $23,923$-123,918$3,237,568
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mike McreeAssociate Executive DirectFT$74,558$5,123$79,681
Justin J KirkExecutive DirectorFT$57,763$4,444$62,207

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,151,593
Program Service Revenue
$0
Investment Income
$240,706
Other Revenue
$59,248
All Other Contributions
$1,151,593
Change in Net Assets
$-1,446,808

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 Traded13$110,438Fair Market Value
Total Noncash Contributions13$110,438-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,437,056
Revenue Not Reported on Financial Statements
$14,491
Revenue Not Reported on Form 990
$-265,234
Total Revenue per Audited Statements
$1,171,822
Total Revenue per Form 990
$1,451,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,209,842
Salaries, Compensation, and Employee Benefits$376,338
Total Fundraising Expense$287,556
Other Expenses$252,522
Professional Fundraising Fees$59,653

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,178,062--$2,178,062
Other Salaries and Wages$26,864$76,236$99,675$202,775
Current Officers, Directors, Trustees, and Key Employees$19,232$33,617$77,595$130,444
Fees for Services Professional Fundraising--$59,653$59,653
Occupancy-$32,971-$32,971
Grants to Domestic Individuals$31,780--$31,780
Travel$2,563$8,612$19,702$30,877
Conferences and Meetings-$25,538-$25,538
Depreciation Depletion-$24,604-$24,604
Payroll Taxes$3,343$8,181$12,868$24,392
Information Technology-$20,232-$20,232
Insurance-$16,479-$16,479
Fees for Services Accounting-$15,700-$15,700
Fees for Service Investment Mgmnt Fees-$14,491-$14,491
Fees for Services Legal-$11,455-$11,455
Other Employee Benefits$1,382$4,437$5,376$11,195
Pension Plan Contributions$762$3,749$3,021$7,532
Fees for Services Other-$4,968-$4,968
Other Expenses-$3,611$7,002$3,611
All Other Expenses-$3,450-$3,450
Office Expenses-$3,037-$3,037
Total Functional Expenses$2,263,988$346,811$287,556$2,898,355

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,898,355
Expenses per Audited Statements$2,883,864
Total Expenses per Audited Statements$2,883,864
Expenses Not Reported on Financial Statements$14,491
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Missouri Alumni of Delta UpsilonColumbia, MO501(c)(2)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$1,250,000
The Colonnades CorporationAmes, IA501(c)(7)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$510,000
Delta Upsilon International FraternityIndianapolis, IN501(c)(7)Educational and Leadership Programs$164,108
Kent State Alumni ChapterAkron, OH501(c)(7)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$120,000
Oklahoma Delta Upsilon CorporationOklahoma City, OK501(c)(7)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$68,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$59,653
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
2017-04-18
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
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, 2016, 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 $376,338 for the year.

FORM 990, PART XI, LINE 9:

Change in allowance for uncollectible pledges -30,000.

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, 2013 through june 30, 2015.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Loss on uncollectable pledges netted with revenues -30,000.

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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