Phi Delta Theta Chapter House Association FY2020 filing

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This entity exists in order to own property to lease to the undergraduate Chapter of Phi Delta Theta at the university of cincinnati or to that chapter's members.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $20K a year · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Liabilities
$1.2M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1200
of 1200 voting members
Looks good: 1200 of 1200 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$21K
Spent
$0
Net assets
$1.2M
By yearFY2020–FY2022
Revenue
−$21K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020−$21K
FY2021−$14K
FY2022−$25K
Expenses
$0
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$0
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.1M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Revoked May 2015, reinstated. IRS ruling Jan 2018, per the IRS master file. Latest filing on record: FY2022. IRS ruling in Jan 2018.

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
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Phi Delta Theta Chapter House Association 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Owns and leases property to the Phi Delta Theta undergraduate chapter or its members.

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1 program · in their own filed words · FY2020
01

Own property

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
−$21K
Ln 12
Gifts and grantsLn 1h$44K
Money outPt IX
$0
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$47K
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a1,200
IndependentVI 1b1,200
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Gains on assetsLn 7$0
Total revenueLn 12−$21K
Assets in detailPt X, end of year
CashLn 1$47K
SavingsLn 2$0
Cash and savings togetherLn 1–2$47K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.2M
Other assetsLn 15$0
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.2M
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 680
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$34K$47K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$2.3M$2.2M
Total assetsLn 16$2.4M$2.3M
LiabilitiesLn 26$1.2M$1.2M
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Total functional expensesLn 25$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest −$25K$0−$25K$1.1M 990 PDF
FY2021 −$14K$0−$14K$1.1M 990 PDF
FY2020 Viewing −$21K$0−$21K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary −$20,842 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $104,240$44,141
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $44,340−$64,983
I-12 Total revenuePrior year $148,580−$20,842
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 $1,342$0
I-17 Other expensesPrior year $72,995$0
I-18 Total expensesPrior year $74,337$0
I-19 Revenue less expensesPrior year $74,243−$20,842
Part VI · Governance 1,200 of 1,200 board members independent, 2 to look at
VI-1a Voting members of the governing body1,200
VI-1b Independent voting members1,200
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue −$20,842 across 8 lines filed
VIII-1f All other contributions, gifts and grants$44,141
VIII-1h Total contributions, gifts and grants$44,141
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss−$64,983
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue−$20,842
Part IX · Statement of functional expenses $0 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-25 Total functional expenses$0
Part X · Balance sheet $2,309,960 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $34,246$46,555
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $2,304,172$2,248,962
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $20,861$14,443
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $2,359,279$2,309,960
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $1,180,392$1,151,915
X-32 Total net assets or fund balancesStart of year $1,178,887$1,158,045
X-33 Total liabilities and net assetsStart of year $2,359,279$2,309,960
Part XI · Reconciliation of net assets $1,158,045 net assets at year end
XI-1 Total revenue−$20,842
XI-2 Total expenses$0
XI-3 Revenue less expenses−$20,842
XI-4 Net assets at start of year$1,178,887
XI-10 Net assets at end of year$1,158,045

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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