Civic Intelligence

Delta Theta Sigma Inc

990 • Fiscal year 2019 • EIN 41-6036300

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 29, 2020

2221 University Ave SE - Suite 1Minneapolis, MN 55414

(612) 624-5015

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2019

Net Margin

27th percentile

-2.9%

Higher net margin than 27% of similar nonprofits.

2019 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2019 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2019

Asset Growth

30th percentile

-2.5%

Faster asset growth than 30% of similar nonprofits.

2019 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-15%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$504,545

Down $13,123 (-2.5%) from 2018

Net Assets

Down

$504,545

Down $2,248 (-0.4%) from 2018

Liabilities

Down

$0

Down $10,875 (-100%) from 2018

Revenue

Down

$77,801

Down $13,270 (-15%) from 2018

Expenses

Up

$80,049

Up $21,631 (+37%) from 2018

Net Income

Down

-$2,248

Down $34,901 (-107%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $327,666Liabilities 2011: $02011Assets 2012: $355,072Liabilities 2012: $02012Assets 2013: $382,360Liabilities 2013: $02013Assets 2014: $413,810Liabilities 2014: $02014Assets 2015: $434,588Liabilities 2015: $4,9752015Assets 2016: $452,007Liabilities 2016: $4,9752016Assets 2017: $474,140Liabilities 2017: $02017Assets 2018: $517,668Liabilities 2018: $10,875Net Assets 2018: $506,7932018Assets 2019: $504,545Liabilities 2019: $0Net Assets 2019: $504,5452019Assets 2020: $518,997Liabilities 2020: $0Net Assets 2020: $518,9972020Assets 2021: $560,215Liabilities 2021: $0Net Assets 2021: $560,2152021Assets 2022: $576,353Liabilities 2022: $5,755Net Assets 2022: $570,5982022Assets 2023: $582,122Liabilities 2023: $3,000Net Assets 2023: $579,1222023Assets 2024: $631,731Liabilities 2024: $1,345Net Assets 2024: $630,3862024

Highlighted filing

2019

Assets$504,545
Liabilities$0
Net Assets$504,545

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $61,718Expenses 2011: $45,139Net Income 2011: $16,5792011Revenue 2012: $70,422Expenses 2012: $43,016Net Income 2012: $27,4062012Revenue 2013: $72,420Expenses 2013: $45,132Net Income 2013: $27,2882013Revenue 2014: $78,775Expenses 2014: $47,325Net Income 2014: $31,4502014Revenue 2015: $66,091Expenses 2015: $50,288Net Income 2015: $15,8032015Revenue 2016: $61,775Expenses 2016: $44,356Net Income 2016: $17,4192016Revenue 2017: $76,198Expenses 2017: $49,090Net Income 2017: $27,1082017Revenue 2018: $91,071Expenses 2018: $58,418Net Income 2018: $32,6532018Revenue 2019: $77,801Expenses 2019: $80,049Net Income 2019: -$2,2482019Revenue 2020: $77,682Expenses 2020: $63,230Net Income 2020: $14,4522020Revenue 2021: $100,636Expenses 2021: $59,419Net Income 2021: $41,2172021Revenue 2022: $70,320Expenses 2022: $59,939Net Income 2022: $10,3812022Revenue 2023: $71,703Expenses 2023: $63,179Net Income 2023: $8,5242023Revenue 2024: $160,337Expenses 2024: $109,072Net Income 2024: $51,2652024

Highlighted filing

2019

Revenue$77,801
Expenses$80,049
Net Income-$2,248
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 29, 2020
Return Version
2019v5.0
Gross Receipts
$77,801
Mission and Program Overview

Mission

Provide collegiate fraternity housing

SEE SCHEDULE 0

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$506,793$504,545▼ $2,248
Investments in Publicly Traded Securities$259,290$255,020▼ $4,270
Land, Buildings, and Equipment, Net$188,788$211,591▲ $22,803
Cash and Non-Interest-Bearing Accounts$62,790$37,834▼ $24,956
Prepaid Expenses and Deferred Charges$1,500--
Accounts Receivable$800$100▼ $700
Total Assets$517,668$504,545▼ $13,123
Other Assets Total$4,500--
Liabilities
Deferred Revenue$10,875--
Total Liabilities$10,875$0▼ $10,875
Net Assets / Fund Balance
Total Net Assets Fund Balance$506,793$504,545▼ $2,248
Total Liabilities and Net Assets / Fund Balance$517,668$504,545▼ $13,123

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$193,466$64,052$257,518
Equipment$18,125$26,965$45,090
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad DurowPresident
Brad RuggDirector
Dan HoffmanDirector
David MichaelsDirector
Harold VerdoorDirector
Ron BranchDirector
Derrick DammPublisher
Charlie PetersSecretary
David PaulingTreasurer
Alex JohnsonVice-pres
Revenue and Support

Revenue Composition

Contributions and Grants
$5,384
Program Service Revenue
$60,375
Investment Income
$12,042
Other Revenue
$0
All Other Contributions
$5,384
Change in Net Assets
$-2,248
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$72,549
Professional Fundraising Fees$7,500
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance---$16,904
Occupancy---$16,189
Depreciation Depletion---$8,621
Fees for Services Professional Fundraising---$7,500
Other Expenses---$5,000
Conferences and Meetings---$1,500
Fees for Services Accounting---$1,133
Information Technology---$373
Office Expenses---$24
Total Functional Expenses$0$0$0$80,049
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$7,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI Section A Line 6

Yes, the organization has members - the governing board is elected by the members and each are members themselves.

Form 990, Part VI Section A Line 7A

Yes, the members have the power to elect members of the governing board

Form 990, Part VI Section A Line 7B

Yes, there are decisions subject to approval by members such as selling real estate, encumbering the real estate with a mortgage, etc.

Filing and Contact Details

Filer

Filer Name
Delta Theta Sigma Inc
EIN
41-6036300
Phone
6126245015
Address
2221 UNIVERSITY AVE SE - SUITE 1, MINNEAPOLIS, MN 55414

Signing Officer

Name
David Pauling
Title
Treasurer
Signed
2020-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Durow
Formed
1958
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Fraternity Purchasing Associ
Address
2221 UNIVERSITY AVE SE SUITE 111, MINNEAPOLIS, MN 55414
Preparer
Ruth M Enge
Phone
6126245015
Supplemental Narrative

Additional Explanations

Form 990, Part 1 Line 1

To provide, operate, and maintain housing and other facil- ities for use and benefit of delta theta sigma fraternity at the u of mn, its members and their guests, to aid, foster & promote education, health,safety&welfare of members

Form 990, Part XII Line 2C

The treasurer reviews the 990 with the accountant, signs it, and then provides it to the governing board

Raw XML Appendix333 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE, OPERATE, AND MAINTAIN HOUSING AND OTHER FACIL- ITIES FOR USE AND BENEFIT OF DELTA THETA SIGMA FRATERNITY AT THE U OF MN, ITS MEMBERS AND THEIR GUESTS, TO AID, FOSTER & PROMOTE EDUCATION, HEALTH,SAFETY&WELFARE OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES, THE ORGANIZATION HAS MEMBERS - THE GOVERNING BOARD IS ELECTED BY THE MEMBERS AND EACH ARE MEMBERS THEMSELVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES, THE MEMBERS HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES, THERE ARE DECISIONS SUBJECT TO APPROVAL BY MEMBERS SUCH AS SELLING REAL ESTATE, ENCUMBERING THE REAL ESTATE WITH A MORTGAGE, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TREASURER REVIEWS THE 990 WITH THE ACCOUNTANT, SIGNS IT, AND THEN PROVIDES IT TO THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART 1 LINE 1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI SECTION A LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII LINE 2C
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt080049
IRS990/TotalGrossUBIAmt012042
IRS990/TotalLiabilitiesBOYAmt010875
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt010875
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0506793
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0504545
IRS990/TotalProgramServiceRevenueAmt060375
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt060375
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt077801
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt012042
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0517668
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0504545
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt010263 MANNING AVENUE SOUTH
IRS990/USAddress/CityNm0HASTINGS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055033
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID PAULING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DELTA THETA SIGMA INC
ReturnHeader/Filer/BusinessNameControlTxt0DELT
ReturnHeader/Filer/EIN0416036300
ReturnHeader/Filer/PhoneNum06126245015
ReturnHeader/Filer/USAddress/AddressLine1Txt02221 UNIVERSITY AVE SE - SUITE 1
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055414
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A44F276F17128A6BAA3066C56978BA8ADDFE5A91
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07DEFF8F965B8BEBDF50A7107A7FF5A01A3378560
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0160.94.189.157
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRATERNITY PURCHASING ASSOCI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02221 UNIVERSITY AVE SE SUITE 111
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055414
ReturnHeader/PreparerPersonGrp/PhoneNum06126245015
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUTH M ENGE
ReturnHeader/ReturnTs02020-08-20T13:25:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.32$0.01$6.30$1.60$1.09$0.51
2023Detailed filing. Detailed filing data is available for this year.$5.82$0.03$5.79$0.72$0.63$0.09
2022Detailed filing. Detailed filing data is available for this year.$5.76$0.06$5.71$0.70$0.60$0.10
2021Detailed filing. Detailed filing data is available for this year.$5.60$0.00$5.60$1.01$0.59$0.41
2020Detailed filing. Detailed filing data is available for this year.$5.19$0.00$5.19$0.78$0.63$0.14
2019Detailed filing. Detailed filing data is available for this year.$5.05$0.00$5.05$0.78$0.80$0.02
2018Summary only. Only limited summary data is available for this year.$5.18$0.11$5.07$0.91$0.58$0.33
2017Summary only. Only limited summary data is available for this year.$4.74$0.00$0.76$0.49$0.27
2016Summary only. Only limited summary data is available for this year.$4.52$0.05$0.62$0.44$0.17
2015Summary only. Only limited summary data is available for this year.$4.35$0.05$0.66$0.50$0.16
2014Summary only. Only limited summary data is available for this year.$4.14$0.00$0.79$0.47$0.31
2013Summary only. Only limited summary data is available for this year.$3.82$0.00$0.72$0.45$0.27
2012Summary only. Only limited summary data is available for this year.$3.55$0.00$0.70$0.43$0.27
2011Summary only. Only limited summary data is available for this year.$3.28$0.00$0.62$0.45$0.17