Civic Intelligence

Delta Upsilon Educational Foundation Inc.

990 • Fiscal year 2021 • EIN 35-1976226

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 11, 2022

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

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

86th percentile

48%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

78th percentile

26%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

67th percentile

28%

Faster revenue growth than 67% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$6,937,627

Up $1,451,118 (+26%) from 2020

Net Assets

Up

$6,911,832

Up $1,522,318 (+28%) from 2020

Liabilities

Down

$25,795

Down $71,200 (-73%) from 2020

Revenue

Up

$1,940,182

Up $423,684 (+28%) from 2020

Expenses

Down

$1,011,422

Down $397,416 (-28%) from 2020

Net Income

Up

$928,760

Up $821,100 (+763%) from 2020

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

2021

Assets$6,937,627
Liabilities$25,795
Net Assets$6,911,832

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

2021

Revenue$1,940,182
Expenses$1,011,422
Net Income$928,760
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 11, 2022
Return Version
2020v4.1
Gross Receipts
$2,911,858
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$3,122,722$3,736,634▲ $613,912
Investments Other Securities$1,245,679$1,957,838▲ $712,159
Cash and Non-Interest-Bearing Accounts$135,206$448,104▲ $312,898
Land, Buildings, and Equipment, Net$379,175$355,250▼ $23,925
Savings and Temporary Cash Investments$324,360$193,262▼ $131,098
Prepaid Expenses and Deferred Charges$42,488$42,870▲ $382
Pledges and Grants Receivable$43,145$28,880▼ $14,265
Accounts Receivable$1,546$869▼ $677
Total Assets$5,486,509$6,937,627▲ $1,451,118
Other Assets Total$192,188$173,920▼ $18,268
Liabilities
Mortgage Notes Payable Secured by Investment Property$89,805$0▼ $89,805
Accounts Payable and Accrued Expenses$7,190$24,584▲ $17,394
Grants Payable-$1,211-
Total Liabilities$96,995$25,795▼ $71,200
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,420,881$7,990,166▲ $1,569,285
Net Assets Without Donor Restrictions$-1,031,367$-1,078,334▼ $46,967
Total Net Assets Fund Balance$5,389,514$6,911,832▲ $1,522,318
Total Liabilities and Net Assets / Fund Balance$5,486,509$6,937,627▲ $1,451,118

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$334,654$500,454$835,108
Equipment$1,716$74,636$76,352
Land$18,880-$18,880
Other Securities$302,359--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$4,568,358$10,828▲ $954,860$48,956$5,286,936
2019$4,408,333$34,087▲ $319,239-$4,568,358
2018$3,830,960$29,943▲ $413,606$-275,875$4,408,333
2017$3,558,762$35,425▲ $255,716$-122,857$3,830,960
2016$3,237,568$93,782▲ $278,451$-80,066$3,558,762
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lewis D GregoryChairman
Craig J FranzVice-chairman
Justin J KirkExecutive Director
Bruce S BaileyTrustee
Daryl W ReisfeldTrustee
David MeyersTrustee
John R EpleeTrustee
John T WeiselTrustee
John a DelaneyTrustee
Joseph L RaudabaughTrustee
Nickolas D WeltonTrustee
Ralph W CastnerTrustee
Richard B CampbellTrustee
Roy F AllanTrustee
William J BittnerTrustee
Ryan E KingAssociate Executive Direct
Warren P NesbittSecretary
P David FranzettaTreasurer
William C RappoltVP of Investments
Revenue and Support

Revenue Composition

Contributions and Grants
$1,339,941
Program Service Revenue
$0
Investment Income
$542,209
Other Revenue
$58,032
All Other Contributions
$1,250,136
Change in Net Assets
$928,760

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 Traded7$40,029Fair Market Value (FMV)
Total Noncash Contributions7$40,029-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,919,500
Revenue Not Reported on Financial Statements
$20,682
Revenue Not Reported on Form 990
$593,558
Total Revenue per Audited Statements
$2,513,058
Total Revenue per Form 990
$1,940,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$492,869
Total Fundraising Expense$373,831
Other Expenses$258,284
Grants and Similar Amounts Paid$194,145
Professional Fundraising Fees$66,124

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$27,225$85,789$159,223$272,237
Other Salaries and Wages$10,512$64,526$96,656$171,694
Grants to Domestic Orgs$144,102--$144,102
Fees for Services Professional Fundraising--$66,124$66,124
Grants to Domestic Individuals$50,043--$50,043
Information Technology-$44,550-$44,550
Occupancy-$34,247-$34,247
Payroll Taxes$2,436$9,780$16,637$28,853
Depreciation Depletion-$23,925-$23,925
Fees for Service Investment Mgmnt Fees-$20,682-$20,682
Insurance-$20,216-$20,216
Fees for Services Other-$4,501$15,350$19,851
Travel$1,166$9,227$8,173$18,566
Fees for Services Accounting-$18,275-$18,275
Other Employee Benefits$1,281$5,184$9,459$15,924
Fees for Services Legal-$14,820-$14,820
Conferences and Meetings-$6,264-$6,264
All Other Expenses-$4,984-$4,984
Pension Plan Contributions$166$1,786$2,209$4,161
Other Expenses-$2,783-$2,783
Office Expenses-$1,542-$1,542
Total Functional Expenses$236,931$400,660$373,831$1,011,422

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,011,422
Expenses per Audited Statements$990,740
Total Expenses per Audited Statements$990,740
Expenses Not Reported on Financial Statements$20,682
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Delta Upsilon Iowa AlumniIowa City, IA501(c)(2)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$11,322
Kansas State Delta Upsilon Alumni CorporationOverland Park, KS501(c)(2)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$10,400
Bradley Alumni of Delta UpsilonNew Lenox, IL501(c)(2)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$7,500
Central Florida Delta Upsilon AlumniOrlando, FL501(c)(2)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$6,575
Illinois Chapter Delta UpsilonTopeka, KS501(c)(7)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$66,124
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
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 11B

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.

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
2022-01-11
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

Firm
Mcm Cpas & Advisors Llp
Address
9229 DELEGATES ROW SUITE 250, INDIANAPOLIS, IN 46240
Preparer
Christine 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 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, 2021, the foundation used the services of 10 individuals on the fraternity's payroll. The foundation reimburses the fraternity for the actual cost of these individuals' 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 $492,869 for the year.

FORM 990, PART XI, LINE 9:

Change in allowance for uncollectible pledges -38,650.

Financial Statement Notes

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. 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 u.s. Generally accepted accounting principles.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Loss on uncollectible pledges netted with revenues -38,650.

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IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF INVESTMENTS
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IRS990/Form990PartVIISectionAGrp/TitleTxt18ASSOCIATE EXECUTIVE DIRECT
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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/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER EDUCATIONAL PROGRAMS: SCHOLARSHIPS BENEFITING DELTA UPSILON FRATERNITY UNDERGRADUATES, FOCUSING ON EDUCATION AND LEADERSHIP.
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