Delphic Trust: FY2024 Nonprofit Profile & Form 990 (EIN 13-6085147)

Revenue by fiscal year
FY2021	$48K
FY2022	$64K
FY2023	$46K
FY2024	$112K
FY2025	$83K

Expenses by fiscal year
FY2021	$154K
FY2022	$147K
FY2023	$142K
FY2024	$188K
FY2025	$126K

Net assets by fiscal year
FY2021	$1.0M
FY2022	$892K
FY2023	$857K
FY2024	$846K
FY2025	$830K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Lief D Rosenblatt

Trustee

$0Pt VII · Sec A

Sanjay Patel

Trustee

$0Pt VII · Sec A

David Schwartz

Trustee

$0Pt VII · Sec A

See Delphic Trust executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages property and pays expenses for a college fraternity.

Provided by the organization

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1 program · in their own filed words · FY2023

01

To hold real and personal property for the Delphic Club, a college fraternity, and incur related conservational expenses.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$112K

Ln 12

Gifts and grantsLn 1h$91K

Investment incomeLn 3$21K

Money outPt IX

$188K

Ln 25

Owns and owesPt X

$846K

net assets · Ln 32

Cash and savingsLn 1–2$13K

Total assetsLn 16$1.7M

LiabilitiesLn 26$859K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$91K

Investment incomeLn 3$21K

Total revenueLn 12$112K

Assets in detailPt X, end of year

SavingsLn 2$13K

Cash and savings togetherLn 1–2$13K

InvestmentsLn 11–13$680K

Land, buildings, equipmentLn 10c$1.0M

Total assetsLn 16$1.7M

LiabilitiesLn 26$859K

Net assetsLn 32$846K

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

Fiscal year endsHeaderJuly

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$50K	$13K
InvestmentsLn 11–13	$611K	$680K
Land, buildings, equipmentLn 10c	$1.1M	$1.0M
Total assetsLn 16	$1.7M	$1.7M
LiabilitiesLn 26	$859K	$859K
Net assetsLn 32	$857K	$846K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$3K
OccupancyLn 16	$66K
InterestLn 20	$57K
Depreciation, depletion and amortizationLn 22	$43K
InsuranceLn 23	$14K
Other expenses (24a–d)Ln 24	$5K
Total functional expensesLn 25	$188K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$83K	$126K	−$43K	$830K	990 PDF
FY2024 Viewing	$112K	$188K	−$75K	$846K	990 PDF
FY2023	$46K	$142K	−$96K	$857K	990 PDF
FY2022	$64K	$147K	−$83K	$892K	990 PDF
FY2021	$48K	$154K	−$106K	$1.0M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $112,431 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $27,000$91,459

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $18,891$20,972

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $45,891$112,431

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $141,639$187,724

I-18 Total expensesPrior year $141,639$187,724

I-19 Revenue less expensesPrior year −$95,748−$75,293

Part VI · Governance 3 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $112,431 across 4 lines filed

VIII-1f All other contributions, gifts and grants$91,459

VIII-1h Total contributions, gifts and grants$91,459

VIII-3 Investment incomeUnrelated business $20,972$20,972

VIII-12 Total revenueRelated to mission $0 · Unrelated business $20,972 · Excluded from tax $0$112,431

Part IX · Statement of functional expenses $187,724 across 6 lines filed

IX-11c Accounting fees$2,575

IX-16 Occupancy$65,580

IX-20 Interest$57,284

IX-22 Depreciation, depletion and amortization$43,338

IX-23 Insurance$13,953

IX-24 Other expenses (24a–d)$4,994

IX-25 Total functional expenses$187,724

Part X · Balance sheet $1,704,376 assets, 9 lines filed

X-2 Savings and temporary cash investmentsStart of year $49,886$12,986

X-10c Land, buildings and equipment, netStart of year $1,054,420$1,011,082

X-11 Publicly traded securitiesStart of year $194,563$207,613

X-12 Other securitiesStart of year $416,749$472,695

X-16 Total assetsStart of year $1,715,618$1,704,376

X-25 Other liabilitiesStart of year $10,000$10,000

X-26 Total liabilitiesStart of year $858,738$858,738

X-32 Total net assets or fund balancesStart of year $856,880$845,638

X-33 Total liabilities and net assetsStart of year $1,715,618$1,704,376

Part XI · Reconciliation of net assets $845,638 net assets at year end

XI-1 Total revenue$112,431

XI-2 Total expenses$187,724

XI-3 Revenue less expenses−$75,293

XI-4 Net assets at start of year$856,880

XI-5 Net unrealized gains (losses) on investments$64,051

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$845,638

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Delphic Trust FY2024 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

By the numbers

Filing history

Schedules filed Part IV