Civic Intelligence

Delta Upsilon Educational Foundation Inc.

990 • Fiscal year 2022 • EIN 35-1976226

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 06, 2023

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

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

14th percentile

0.01x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

91st percentile

58%

Higher net margin than 91% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

78th percentile

20%

Faster asset growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

90%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$8,291,486

Up $1,353,859 (+20%) from 2021

Net Assets

Up

$8,240,245

Up $1,328,413 (+19%) from 2021

Liabilities

Up

$51,241

Up $25,446 (+99%) from 2021

Revenue

Up

$3,678,701

Up $1,738,519 (+90%) from 2021

Expenses

Up

$1,554,107

Up $542,685 (+54%) from 2021

Net Income

Up

$2,124,594

Up $1,195,834 (+129%) from 2021

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

2022

Assets$8,291,486
Liabilities$51,241
Net Assets$8,240,245

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

2022

Revenue$3,678,701
Expenses$1,554,107
Net Income$2,124,594
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 6, 2023
Return Version
2021v4.2
Gross Receipts
$4,745,474
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$3,736,634$3,238,582▼ $498,052
Investments Other Securities$1,957,838$2,139,188▲ $181,350
Cash and Non-Interest-Bearing Accounts$448,104$1,182,326▲ $734,222
Pledges and Grants Receivable$28,880$754,342▲ $725,462
Savings and Temporary Cash Investments$193,262$445,766▲ $252,504
Land, Buildings, and Equipment, Net$355,250$338,632▼ $16,618
Prepaid Expenses and Deferred Charges$42,870$42,870→ $0
Accounts Receivable$869$997▲ $128
Total Assets$6,937,627$8,291,486▲ $1,353,859
Other Assets Total$173,920$148,783▼ $25,137
Liabilities
Grants Payable$1,211$49,924▲ $48,713
Accounts Payable and Accrued Expenses$24,584$1,317▼ $23,267
Total Liabilities$25,795$51,241▲ $25,446
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,990,166$9,329,184▲ $1,339,018
Net Assets Without Donor Restrictions$-1,078,334$-1,088,939▼ $10,605
Total Net Assets Fund Balance$6,911,832$8,240,245▲ $1,328,413
Total Liabilities and Net Assets / Fund Balance$6,937,627$8,291,486▲ $1,353,859

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$316,790$524,481$841,271
Equipment$2,962$70,772$73,734
Land$18,880-$18,880
Other Securities$302,583--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$5,286,936$570,660▼ $296,505$-564,533$5,380,672
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
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
Dr John T WeiselTrustee
John a DelaneyTrustee
Joseph L RaudabaughTrustee
Nickolas D WeltonTrustee
Roy F AllanTrustee
William C RappoltTrustee
William J BittnerTrustee
Ryan E KingAssociate Executive Direct
Warren P NesbittSecretary
P David FranzettaTreasurer
Ralph W CastnerVP of Investments
Revenue and Support

Revenue Composition

Contributions and Grants
$3,418,242
Program Service Revenue
$0
Investment Income
$202,427
Other Revenue
$58,032
All Other Contributions
$3,418,242
Change in Net Assets
$2,124,594

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$542,031Fair Market Value (FMV)
Total Noncash Contributions7$542,031-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,641,962
Revenue Not Reported on Financial Statements
$36,739
Revenue Not Reported on Form 990
$-784,135
Other Revenue Adjustments
$12,046
Total Revenue per Audited Statements
$2,857,827
Total Revenue per Form 990
$3,678,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$634,495
Total Fundraising Expense$512,038
Grants and Similar Amounts Paid$480,956
Other Expenses$369,375
Professional Fundraising Fees$69,281

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$413,634--$413,634
Current Officers, Directors, Trustees, and Key Employees$30,451$96,195$177,858$304,504
Other Salaries and Wages$13,644$78,587$161,786$254,017
Fees for Services Professional Fundraising--$69,281$69,281
Grants to Domestic Individuals$67,322--$67,322
Conferences and Meetings-$61,930-$61,930
Travel$3,189$15,622$37,389$56,200
Information Technology-$40,679-$40,679
Payroll Taxes$3,020$12,056$23,551$38,627
Occupancy-$35,572-$35,572
Other Employee Benefits$2,172$11,002$18,041$31,215
Fees for Service Investment Mgmnt Fees-$24,693-$24,693
Depreciation Depletion-$24,327-$24,327
Fees for Services Accounting-$19,550-$19,550
Insurance-$18,295-$18,295
All Other Expenses-$12,014$1,900$13,914
Fees for Services Legal-$11,467-$11,467
Other Expenses-$6,886$17,919$6,886
Office Expenses-$6,207$88$6,295
Pension Plan Contributions$151$1,756$4,225$6,132
Fees for Services Other-$5,096-$5,096
Total Functional Expenses$533,583$508,486$512,038$1,554,107

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,554,107
Expenses per Audited Statements$1,529,414
Total Expenses per Audited Statements$1,529,414
Expenses Not Reported on Financial Statements$24,693
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kansas State Delta Upsilon Alumni CorporationOverland Park, KS501(c)(2)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$92,190
San Jose Delta Upsilon Corp-housingSan Jose, CA501(c)(7)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$43,675
Pur-du Educational FoundationCarmel, IN-Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$32,000
Illinois Chapter Delta UpsilonTopeka, KS501(c)(7)Chapter Building Rennovations, Educational Scholarships for Members, and Leadership Program Fees$14,583
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$69,281
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
2023-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Kirk
Formed
1949
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

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, 2022, 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 $634,495 for the year.

FORM 990, PART XI, LINE 9:

Change in allowance for uncollectible pledges -12,046.

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 material uncertain tax positions as defined by u.s. Gaap.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on uncollectible pledges netted with revenues 12,046.

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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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