Civic Intelligence

Iron Phi Foundation

990 • Fiscal year 2023 • EIN 92-1479885

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

Organization Profilewww.ironphi.org
2 S Campus AveOxford, OH 45056

(523) 523-6345

Siviq Scores

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

Liabilities / Assets

94th percentile

1.01x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.29x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

39th percentile

-0.3%

Higher net margin than 39% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$134,789

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets94th percentile

Assets

$259,110

No earlier filing loaded for comparison.

Net Assets

-$2,909

No earlier filing loaded for comparison.

Liabilities

$262,019

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin39th percentile

Revenue

$896,234

No earlier filing loaded for comparison.

Expenses

$899,143

No earlier filing loaded for comparison.

Net Income

-$2,909

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0-$100KAssets 2023: $259,110Liabilities 2023: $262,019Net Assets 2023: -$2,9092023Assets 2024: $167,239Liabilities 2024: $170,148Net Assets 2024: -$2,9092024

Highlighted filing

2023

Assets$259,110
Liabilities$262,019
Net Assets-$2,909
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2023: $896,234Expenses 2023: $899,143Net Income 2023: -$2,9092023Revenue 2024: $406,400Expenses 2024: $406,400Net Income 2024: $02024

Highlighted filing

2023

Revenue$896,234
Expenses$899,143
Net Income-$2,909
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$896,234
Mission and Program Overview

Mission

To strengthen the Phi Delta Theta International Fraternity and the impact it has on the fight against Lou Gehrig's disease ALS through the fundraising and athletic efforts of its people.

To strengthen the Phi delta Theta International Fraternity and the impact it has on the fight against Lou Gehrig's disease (ALS) through the fundraising and athletic efforts of its people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$242,849-
Accounts Receivable-$10,834-
Prepaid Expenses and Deferred Charges-$5,427-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$0$259,110▲ $259,110
Other Assets Total-$0-
Liabilities
Grants Payable-$239,486-
Accounts Payable and Accrued Expenses-$22,533-
Total Liabilities$0$262,019▲ $262,019
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$-2,909-
Total Net Assets Fund Balance$0$-2,909▼ $2,909
Total Liabilities and Net Assets / Fund Balance$0$259,110▲ $259,110
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Frederick D ReimerChairman
Steven J GoodExecutive Director
Brian D DunnTrustee
Frederick B SchultzTrustee
John Andrew MillerTrustee
Michael S HyattTrustee
Thomas A BalzerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$896,227
Program Service Revenue
$0
Investment Income
$7
Other Revenue
$0
All Other Contributions
$896,227
Change in Net Assets
$-2,909

Audited Revenue Reconciliation

Revenue per Audited Statements
$896,234
Total Revenue per Audited Statements
$896,234
Total Revenue per Form 990
$896,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$738,140
Other Expenses$161,003
Total Fundraising Expense$70,071
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$733,640--$733,640
Fees for Services Management$372$44,626$27,177$72,175
Advertising--$34,065$34,065
Information Technology$96$11,465$6,983$18,544
Fees for Services Legal-$5,412-$5,412
Grants to Domestic Individuals$4,500--$4,500
Other Expenses$14$1,759$1,072$2,845
Insurance$8$927$565$1,500
Travel$3$344$209$556
Total Functional Expenses$738,633$90,439$70,071$899,143

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$899,143
Total Expenses per Audited Statements$899,143
Total Expenses per Form 990$899,143
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Live Like Lou FoundationOxford, OH501(c)(3)Operational support$410,820
Phi Delta Theta FoundationOxford, OH501(c)(3)Collegiate leadership programs$322,820
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

“Members of the board of trustees examine a copy of the form 990 prior to filing with the Internal Revenue Service.”

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

“The organization prohibits conflicts of interest with its board members and other personnel. Conflict of interest disclosures statements are reviewed annually and any conflicts resolved immediately.”

Form 990, Part VI, Section B, Line 15A

“The organization shares employees with the Phi Delta Theta Fraternity. Compensation is determined at that level.”

Form 990, Part VI, Section B, Line 15B

“The organization shares employees with the Phi Delta Theta Fraternity. Compensation is determined at that level.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Iron Phi Foundation
EIN
92-1479885
Phone
5235236345
Address
2 S Campus Ave, Oxford, OH 45056

Signing Officer

Name
Steven J Good
Title
Executive Director
Signed
2024-11-12

Organization Details

Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Foundation is organized as a not-for-profit corporation and is exempt from income tax under Section 501(c)(3) of the United States Internal Revenue Code and similar state law. As such, the Foundation is generally exempt from income taxes. However, the Foundation is required to file Federal Form 990 - Return of Organization Exempt from Income Tax and a corresponding state return, which are informational returns only. The Foundation is subject to routine audits by taxing jurisdictions. However, as of the date the financial statements were available to be issued, there were no audits for any tax periods in progress. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation 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 Foundation, and has concluded that as of December 31, 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is organized as a not-for-profit corporation and is exempt from income tax under Section 501(c)(3) of the United States Internal Revenue Code and similar state law. As such, the Foundation is generally exempt from income taxes. However, the Foundation is required to file Federal Form 990 - Return of Organization Exempt from Income Tax and a corresponding state return, which are informational returns only. The Foundation is subject to routine audits by taxing jurisdictions. However, as of the date the financial statements were available to be issued, there were no audits for any tax periods in progress. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation 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 Foundation, and has concluded that as of December 31, 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt0899143
IRS990ScheduleD/TotalRevenuePerForm990Amt0896234
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0896234
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0899143
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0410820
IRS990ScheduleI/RecipientTable/CashGrantAmt1322820
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operational support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Collegiate leadership programs
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Live Like Lou Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Phi Delta Theta Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0823524872
IRS990ScheduleI/RecipientTable/RecipientEIN1346539803
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02 S Campus Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12 S Campus Ave
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Oxford
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Oxford
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd045056
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd145056
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization monitors the use of grant funds via agreements with other organizations.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0125281
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt09508
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Steven J Good
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Dir.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0134789
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Directors received compensation from Phi Delta Theta Fraternity, an unrelated organization.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II, Compensation from Unrelated Organizations
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members of the board of trustees examine a copy of the form 990 prior to filing with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization prohibits conflicts of interest with its board members and other personnel. Conflict of interest disclosures statements are reviewed annually and any conflicts resolved immediately.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization shares employees with the Phi Delta Theta Fraternity. Compensation is determined at that level.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization shares employees with the Phi Delta Theta Fraternity. Compensation is determined at that level.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt0259110
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0259110
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0896227
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt070071
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt090439
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0738633
IRS990/TotalFunctionalExpensesGrp/TotalAmt0899143
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0262019
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0262019
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2909
IRS990/TotalOtherCompensationAmt09508
IRS990/TotalProgramServiceExpensesAmt0738633
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0896234
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0259110
IRS990/TotReportableCompRltdOrgAmt0125281
IRS990/TravelGrp/FundraisingAmt0209
IRS990/TravelGrp/ManagementAndGeneralAmt0344
IRS990/TravelGrp/ProgramServicesAmt03
IRS990/TravelGrp/TotalAmt0556
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 S Campus Ave
IRS990/USAddress/CityNm0Oxford
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd045056
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.ironphi.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Steven J Good
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Iron Phi Foundation
ReturnHeader/Filer/BusinessNameControlTxt0IRON
ReturnHeader/Filer/EIN0921479885
ReturnHeader/Filer/PhoneNum05235236345

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$259,110
Liabilities
$262,019
Net assets
-$2,909
Revenue
$896,234
Expenses
$899,143
Net income
-$2,909
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.67$1.70$0.03$4.06$4.06$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.59$2.62$0.03$8.96$8.99$0.03