Civic Intelligence

Martlet Inc

990 • Fiscal year 2024 • EIN 84-2326831

Jul 01, 2023 to Jun 30, 2024 • Filed on May 05, 2025

3845 N Meridian StreetIndianapolis, IN 46208

(463) 207-7200

Siviq Scores

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

Liabilities / Assets

37th percentile

0.05x

Higher debt load relative to assets than 37% of similar nonprofits.

2024 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

46th percentile

1.33x

Higher debt load relative to revenue than 46% of similar nonprofits.

2024 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2024

Net Margin

60th percentile

23%

Higher net margin than 60% of similar nonprofits.

2024 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$153,481

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 65.0% of source-year revenue.

2024 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2024

Asset Growth

80th percentile

10%

Faster asset growth than 80% of similar nonprofits.

2024 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-95%

Faster revenue growth than 2% of similar nonprofits.

2024 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,943,239

Up $657,185 (+10%) from 2023

Net Assets

Up

$6,630,060

Up $564,212 (+9.3%) from 2023

Liabilities

Up

$313,179

Up $92,973 (+42%) from 2023

Revenue

Down

$236,185

Down $4,470,003 (-95%) from 2023

Expenses

Down

$180,825

Down $36,151 (-17%) from 2023

Net Income

Down

$55,360

Down $4,433,852 (-99%) from 2023

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $1,586,192Liabilities 2020: $87,616Net Assets 2020: $1,498,5762020Assets 2021: $1,499,180Liabilities 2021: $604Net Assets 2021: $1,498,5762021Assets 2022: $1,589,475Liabilities 2022: $90,899Net Assets 2022: $1,498,5762022Assets 2023: $6,286,054Liabilities 2023: $220,206Net Assets 2023: $6,065,8482023Assets 2024: $6,943,239Liabilities 2024: $313,179Net Assets 2024: $6,630,0602024Assets 2025: $6,827,766Liabilities 2025: $87,385Net Assets 2025: $6,740,3812025

Highlighted filing

2024

Assets$6,943,239
Liabilities$313,179
Net Assets$6,630,060

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2020: $1,619,576Expenses 2020: $121,000Net Income 2020: $1,498,5762020Revenue 2021: $132,000Expenses 2021: $132,000Net Income 2021: $02021Revenue 2022: $132,000Expenses 2022: $132,000Net Income 2022: $02022Revenue 2023: $4,706,188Expenses 2023: $216,976Net Income 2023: $4,489,2122023Revenue 2024: $236,185Expenses 2024: $180,825Net Income 2024: $55,3602024Revenue 2025: $624,901Expenses 2025: $584,507Net Income 2025: $40,3942025

Highlighted filing

2024

Revenue$236,185
Expenses$180,825
Net Income$55,360
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 5, 2025
Return Version
2023v6.0
Gross Receipts
$1,755,785
Mission and Program Overview

Mission

Hold property for the delta chi fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,649,184$5,211,784▲ $562,600
Land, Buildings, and Equipment, Net$1,349,857$1,311,412▼ $38,445
Cash and Non-Interest-Bearing Accounts$186,944$420,043▲ $233,099
Total Assets$6,286,054$6,943,239▲ $657,185
Other Assets Total$100,069$0▼ $100,069
Liabilities
Grants Payable$87,385$178,385▲ $91,000
Other Liabilities$132,501$132,400▼ $101
Accounts Payable and Accrued Expenses$320$2,394▲ $2,074
Total Liabilities$220,206$313,179▲ $92,973
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,065,848$6,630,060▲ $564,212
Total Net Assets Fund Balance$6,065,848$6,630,060▲ $564,212
Total Liabilities and Net Assets / Fund Balance$6,286,054$6,943,239▲ $657,185

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,221,412$187,164$1,408,576
Land$90,000-$90,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,132,963$10▲ $251,021-$2,383,994
2022$1,857,377$88,479▲ $233,311$46,204$2,132,963
2021$2,203,554-▼ $313,645$32,532$1,857,377
2020$1,808,047-▲ $620,968$225,461$2,203,554
2019$1,770,799-▲ $37,248-$1,808,047
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jerod Breit Through 13123Executive Director$76,486$76,486

Board Members and Trustees

NameTitle
Gregory F HauserPresident
Charles MancusoDirector
Mark SextonDirector
Karl Grindel 13123 - PresentExecutive Director
Dr William R TallmanSecretary
Miles WashburnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$132,000
Investment Income
$104,185
Other Revenue
$0
Change in Net Assets
$55,360

Audited Revenue Reconciliation

Revenue per Audited Statements
$199,032
Revenue Not Reported on Financial Statements
$37,153
Revenue Not Reported on Form 990
$508,852
Total Revenue per Audited Statements
$707,884
Total Revenue per Form 990
$236,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$91,000
Other Expenses$89,825
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$91,000
Depreciation Depletion---$38,445
Fees for Service Investment Mgmnt Fees---$37,153
Insurance---$10,054
Fees for Services Accounting---$3,515
Occupancy---$658
Total Functional Expenses$0$0$0$180,825

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$180,825
Expenses per Audited Statements$143,672
Total Expenses per Audited Statements$143,672
Expenses Not Reported on Financial Statements$37,153
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Delta Chi FraternityIndianapolis, IN501(c)(7)Earnings Transfer for Operations Support$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$132,400
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an independent accounting firm. Management reviews a draft of the return prior to sharing with the board of directors. The return is then filed after comment period has passed.

Form 990, Part VI, Section B, Line 12C

Individuals review and sign the conflict of interest statement and declaration annually. They are retained in accordance with the document retention policy.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, policies, financial statements and 990/990-t/state income tax returns are made available to the person who requests them as long as the request for copies is a valid and reasonable request. Any request that appears to be, or is, hostile in nature is delayed until organization management and/or officers have consulted with legal counsel to determine the action to take.

Filing and Contact Details

Filer

Filer Name
Martlet Inc
EIN
84-2326831
Phone
4632077200
Address
3845 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

Signing Officer

Name
Karl Grindel
Title
Executive Director
Phone
4632077200
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karl Grindel
Formed
2019
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Blue & Co LLC
Address
12800 N MERIDIAN ST STE 400, CARMEL, IN 46032
Preparer
Angela N Crawford CPA
Phone
3178488920
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 3B

The organization files a consolidated form 990-t with the delta chi fraternity.

FORM 990, PART XII, LINE 2C:

The audit committee assumes responsibility for the oversight of the audit.

Financial Statement Notes

PART V, LINE 4:

The primary purpose of the fund is to act as a reserve which will provide for funds for general operations as approved by the board. The organization expects its endowment fund, over time, to provide an average rate of return of seven to nine percent. Actual returns in any given year may vary from this amount. To satisfy its long-term rate-of-return objectives, the organization relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The organization targets a diversified asset allocation that places a greater emphasis on equity-based investments to achieve its long-term return objectives.

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the organization, and has concluded that as of june 30, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML AppendixShowing 400 of 434 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0320
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02394
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0HOLD PROPERTY FOR THE DELTA CHI FRATERNITY.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum04632077200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03845 N MERIDIAN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0INDIANAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046208
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0186944
IRS990/CashNonInterestBearingGrp/EOYAmt0420043
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt091000
IRS990/CYInvestmentIncomeAmt0104185
IRS990/CYOtherExpensesAmt089825
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0132000
IRS990/CYRevenuesLessExpensesAmt055360
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0180825
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0236185
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt038445
IRS990/Desc0HOLD PROPERTY FOR THE DELTA CHI FRATERNITY.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt03515
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt037153
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt51871
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt6739
IRS990/Form990PartVIISectionAGrp/PersonNm0GREGORY F HAUSER
IRS990/Form990PartVIISectionAGrp/PersonNm1DR WILLIAM R TALLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2MILES WASHBURN
IRS990/Form990PartVIISectionAGrp/PersonNm3CHARLES MANCUSO
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK SEXTON
IRS990/Form990PartVIISectionAGrp/PersonNm5KARL GRINDEL 13123 - PRESENT
IRS990/Form990PartVIISectionAGrp/PersonNm6JEROD BREIT THROUGH 13123
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5151610
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt675747
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd00
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-58714
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsPayableGrp/BOYAmt087385
IRS990/GrantsPayableGrp/EOYAmt0178385
IRS990/GrantsToDomesticOrgsGrp/TotalAmt091000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01460886
IRS990/GrossReceiptsAmt01755785
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt010054
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0162899
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0162899
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04649184
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05211784
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0187164
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01349857
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01311412
IRS990/LandBldgEquipCostOrOtherBssAmt01498576
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01519600
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0HOLD PROPERTY FOR THE DELTA CHI FRATERNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06065848
IRS990/NetAssetsOrFundBalancesEOYAmt06630060
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-58714
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0-58714
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0508852
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06065848
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06630060
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0658
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0100069
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0132501
IRS990/OtherLiabilitiesGrp/EOYAmt0132400
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KARL GRINDEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0132000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0132000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04567272
IRS990/PYGrantsAndSimilarPaidAmt0175864
IRS990/PYInvestmentIncomeAmt06916
IRS990/PYOtherExpensesAmt041112
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0132000
IRS990/PYRevenuesLessExpensesAmt04489212
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0216976
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04706188
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt055360
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt01221412
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0187164
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01408576
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02132963
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt010
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02383994
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0251021
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01857377
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt088479
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02132963
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0233311
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt046204
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02203554
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01857377
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-313645
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt032532
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01808047
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02203554
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0620968
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0225461
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01770799
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01808047
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt037248
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt037153
IRS990ScheduleD/ExpensesSubtotalAmt0143672
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt037153
IRS990ScheduleD/InvestmentExpensesNotIncldAmt037153
IRS990ScheduleD/LandGrp/BookValueAmt090000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt090000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0508852
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0132400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt0508852
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt037153
IRS990ScheduleD/RevenueSubtotalAmt0199032
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PRIMARY PURPOSE OF THE FUND IS TO ACT AS A RESERVE WHICH WILL PROVIDE FOR FUNDS FOR GENERAL OPERATIONS AS APPROVED BY THE BOARD. THE ORGANIZATION EXPECTS ITS ENDOWMENT FUND, OVER TIME, TO PROVIDE AN AVERAGE RATE OF RETURN OF SEVEN TO NINE PERCENT. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE ORGANIZATION RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE ORGANIZATION TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01311412
IRS990ScheduleD/TotalExpensesPerForm990Amt0180825
IRS990ScheduleD/TotalLiabilityAmt0132400
IRS990ScheduleD/TotalRevenuePerForm990Amt0236185
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0707884
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0143672
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt00
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(7)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt091000
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0EARNINGS TRANSFER FOR OPERATIONS SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EARNINGS TRANSFER FOR OPERATIONS SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE DELTA CHI FRATERNITY
IRS990ScheduleI/RecipientTable/RecipientEIN0420212285
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03845 N MERIDIAN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd046208
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK VALUE
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt06250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0145360
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt01871
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KARL GRINDEL 13123 - PRESENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0153481
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE RELATED ORGANIZATION UTILIZES FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS, AND EXECUTIVE COMMITTEE APPROVAL IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FILES A CONSOLIDATED FORM 990-T WITH THE DELTA CHI FRATERNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. MANAGEMENT REVIEWS A DRAFT OF THE RETURN PRIOR TO SHARING WITH THE BOARD OF DIRECTORS. THE RETURN IS THEN FILED AFTER COMMENT PERIOD HAS PASSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INDIVIDUALS REVIEW AND SIGN THE CONFLICT OF INTEREST STATEMENT AND DECLARATION ANNUALLY. THEY ARE RETAINED IN ACCORDANCE WITH THE DOCUMENT RETENTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND 990/990-T/STATE INCOME TAX RETURNS ARE MADE AVAILABLE TO THE PERSON WHO REQUESTS THEM AS LONG AS THE REQUEST FOR COPIES IS A VALID AND REASONABLE REQUEST. ANY REQUEST THAT APPEARS TO BE, OR IS, HOSTILE IN NATURE IS DELAYED UNTIL ORGANIZATION MANAGEMENT AND/OR OFFICERS HAVE CONSULTED WITH LEGAL COUNSEL TO DETERMINE THE ACTION TO TAKE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE DELTA CHI FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0420212285
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03845 N MERIDIAN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046208
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt091000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1132000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOOK VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE DELTA CHI FRATERNITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1THE DELTA CHI FRATERNITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06286054
IRS990/TotalAssetsEOYAmt06943239
IRS990/TotalAssetsGrp/BOYAmt06286054
IRS990/TotalAssetsGrp/EOYAmt06943239
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0180825
IRS990/TotalGrossUBIAmt0104185
IRS990/TotalLiabilitiesBOYAmt0220206
IRS990/TotalLiabilitiesEOYAmt0313179
IRS990/TotalLiabilitiesGrp/BOYAmt0220206
IRS990/TotalLiabilitiesGrp/EOYAmt0313179
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06065848
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06630060
IRS990/TotalOtherCompensationAmt02610
IRS990/TotalProgramServiceRevenueAmt0132000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0132000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0236185
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0104185
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06286054
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06943239
IRS990/TotReportableCompRltdOrgAmt0227357
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03845 N MERIDIAN STREET
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings