Civic Intelligence

Delta Theta Sigma Inc

990 • Fiscal year 2022 • EIN 41-6036300

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 05, 2023

2221 University Ave SE Ste 111Minneapolis, MN 55414

(612) 624-5015

Siviq Scores

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

Liabilities / Assets

44th percentile

0.01x

Higher debt load relative to assets than 44% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.08x

Higher debt load relative to revenue than 58% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

Asset Growth

55th percentile

2.9%

Faster asset growth than 55% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-30%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$576,353

Up $16,138 (+2.9%) from 2021

Net Assets

Up

$570,598

Up $10,383 (+1.9%) from 2021

Liabilities

Up

$5,755

Up $5,755 from 2021

Revenue

Down

$70,320

Down $30,316 (-30%) from 2021

Expenses

Up

$59,939

Up $520 (+0.9%) from 2021

Net Income

Down

$10,381

Down $30,836 (-75%) from 2021

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

2022

Assets$576,353
Liabilities$5,755
Net Assets$570,598

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

2022

Revenue$70,320
Expenses$59,939
Net Income$10,381
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 5, 2023
Return Version
2022v5.0
Gross Receipts
$116,299
Mission and Program Overview

Mission

Provide collegiate fraternity housing

Provide housing for collegiate fraternity

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$560,215$570,598▲ $10,383
Investments in Publicly Traded Securities$287,703$252,500▼ $35,203
Land, Buildings, and Equipment, Net$234,936$252,312▲ $17,376
Savings and Temporary Cash Investments-$34,605-
Accounts Receivable-$23,300-
Cash and Non-Interest-Bearing Accounts$37,576$13,636▼ $23,940
Total Assets$560,215$576,353▲ $16,138
Liabilities
Accounts Payable and Accrued Expenses-$5,755-
Total Liabilities$0$5,755▲ $5,755
Net Assets / Fund Balance
Total Net Assets Fund Balance$560,215$570,598▲ $10,383
Total Liabilities and Net Assets / Fund Balance$560,215$576,353▲ $16,138

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$148,499$85,675-
Land$78,777--
Equipment$25,036$34,225-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad DurowPresident
Alex JohnsonVice-president
Derrick DammPublisher
Isaac NelsonSecretary
David MichaelsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,000
Program Service Revenue
$54,675
Investment Income
$13,645
Other Revenue
$0
All Other Contributions
$2,000
Change in Net Assets
$10,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$59,939
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$23,719$0$0$23,719
Insurance$17,335$0$0$17,335
Depreciation Depletion$11,619$0$0$11,619
Other Expenses$4,850$0$0$4,850
Fees for Services Accounting$1,168$0$0$1,168
Conferences and Meetings$450$0$0$450
Fees for Service Investment Mgmnt Fees$437$0$0$437
Information Technology$325$0$0$325
Office Expenses$36$0$0$36
Total Functional Expenses$59,939$0$0$59,939
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Delta Theta Sigma Inc
EIN
41-6036300
Phone
6126245015
Address
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414

Signing Officer

Name
David J Michaelson
Title
Treasurer
Phone
6126245015
Signed
2023-04-05
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
Volunteers
25

Preparer

Firm
Fraternity Purchasing Association
Address
2221 University Ave SE Ste 11, Minneapolis, MN 55414
Preparer
Michelle Ballensky
Phone
6126245015
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The treasurer reviews the 990 with the accountant and then signs it. It is then presented to the board of directors.

Pt VI, Line 6

Yes, the organizati0n has members who are alumni of delta theta sigma fraternity

Pt VI, Line 7A

The governing board is elected by the members and each are members themselves

Pt VI, Line 7B

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

Pt VI, Line 8B

There were no committee meetings

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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/ExplanationTxt0THE TREASURER REVIEWS THE 990 WITH THE ACCOUNTANT AND THEN SIGNS IT. IT IS THEN PRESENTED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES, THE ORGANIZATI0N HAS MEMBERS WHO ARE ALUMNI OF DELTA THETA SIGMA FRATERNITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BOARD IS ELECTED BY THE MEMBERS AND EACH ARE MEMBERS THEMSELVES
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/ExplanationTxt4THERE WERE NO COMMITTEE MEETINGS
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID J MICHAELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06126245015
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DELTA THETA SIGMA INC
ReturnHeader/Filer/BusinessNameControlTxt0DELT
ReturnHeader/Filer/EIN0416036300
ReturnHeader/Filer/PhoneNum06126245015
ReturnHeader/Filer/USAddress/AddressLine1Txt02221 UNIVERSITY AVE SE STE 111
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055414
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410265424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fraternity Purchasing Association
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02221 University Ave SE Ste 11
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055414
ReturnHeader/PreparerPersonGrp/PhoneNum06126245015
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE BALLENSKY
ReturnHeader/ReturnTs02023-04-07T14:17:42-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MICHAELSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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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
Peer Organizations

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