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Phi Delta Theta Fraternity FY2024 filing

Not tax-deductible

Indianapolis, IN501(c)(7)EIN 35-0868472Revenue $733K in FY2024

On file with the IRS3015 Kessler Boulevard, 46220-2912 · Indianapolis, INTax-exempt since Oct 1940

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Provide housing to students/Fraternity members at butler university

86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $78K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$733K
+71% vs prior year
Spent
$627K
To programs
86%
Net assets
$760K
By yearFY2021–FY2025
Revenue
$733K
FY2024▲ +71%
Tap a bar for its year
Revenue by fiscal year
FY2021$611K
FY2022$500K
FY2023$428K
FY2024$733K
FY2025$809K
Expenses
$627K
FY2024▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2021$514K
FY2022$496K
FY2023$458K
FY2024$627K
FY2025$593K
Net assets
$760K
FY2024▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2021$681K
FY2022$685K
FY2023$654K
FY2024$760K
FY2025$976K

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1940.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $537K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Jack Werner
President
$0Pt VII · Sec A
Chase Smith
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Stan Cuppy
Director
$0Pt VII · Sec A
See Phi Delta Theta Fraternity 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

Offers housing to Butler University students and fraternity members.

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Provided by the organization

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1 program · $627K · in their own filed words · FY2023
01

During the reporting period, the organization maintained a group of 67 undergraduate members on the campus of butler university in indianapolis, indiana. The organization's sole program is to provide student housing for undergraduate students at the university.

$627Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$733K
Ln 12
Fees for servicesLn 2g$723K
Investment incomeLn 3$10K
Money outPt IX
$627K
Ln 25
Programscol B$537K
Owns and owesPt X
$760K
net assets · Ln 32
Cash and savingsLn 1–2$298K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$723K
Investment incomeLn 3$10K
Total revenueLn 12$733K
Assets in detailPt X, end of year
CashLn 1$298K
Cash and savings togetherLn 1–2$298K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.4M
Net assetsLn 32$760K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderJune
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
LineStart FY24End FY24
Cash and savingsLn 1–2$251K$298K
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$2.1M$2.1M
LiabilitiesLn 26$1.5M$1.4M
Net assetsLn 32$654K$760K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$15K$15K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$3K$3K
Legal feesLn 11b$12K$12K
Other fees for servicesLn 11g$2K$2K
InterestLn 20$50K$50K
Depreciation, depletion and amortizationLn 22$90K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$362K$362K
All other expensesLn 24e$71K$71K
Total functional expensesLn 25$627K$537K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $809K$593K$216K$976K 990 PDF
FY2024 Viewing $733K$627K$106K$760K 990 PDF
FY2023 $428K$458K−$30K$654K 990 PDF
FY2022 $500K$496K$4K$685K 990 PDF
FY2021 $611K$514K$97K$681K 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 $732,797 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $425,518$722,506
I-10 Investment incomePrior year $2,482$10,291
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $428,000$732,797
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 $14,952$16,241
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $443,220$611,006
I-18 Total expensesPrior year $458,172$627,247
I-19 Revenue less expensesPrior year −$30,172$105,550
Part VI · Governance 0 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
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 $732,797 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $694,350 · Unrelated business $28,156$722,506
VIII-3 Investment incomeUnrelated business $10,291$10,291
VIII-12 Total revenueRelated to mission $694,350 · Unrelated business $38,447 · Excluded from tax $0$732,797
Part IX · Statement of functional expenses $627,247 across 10 lines filed
IX-7 Other salaries and wagesPrograms $15,000$15,000
IX-10 Payroll taxesPrograms $1,241$1,241
IX-11a Management feesPrograms $2,816$2,816
IX-11b Legal feesPrograms $12,000$12,000
IX-11g Other fees for servicesPrograms $2,269$2,269
IX-20 InterestPrograms $49,639$49,639
IX-22 Depreciation, depletion and amortization$90,166
IX-23 InsurancePrograms $21,126$21,126
IX-24 Other expenses (24a–d)Programs $362,048$362,048
IX-24e All other expensesPrograms $70,942$70,942
IX-25 Total functional expensesPrograms $537,081 · Management $0 · Fundraising $0$627,247
Part X · Balance sheet $2,131,154 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $251,094$298,469
X-4 Accounts receivableStart of year $1,696$1,092
X-9 Prepaid expenses and deferred chargesStart of year $4,289$4,935
X-10c Land, buildings and equipment, netStart of year $1,880,676$1,826,658
X-16 Total assetsStart of year $2,137,755$2,131,154
X-17 Accounts payable and accrued expensesStart of year $1,015$10,680
X-25 Other liabilitiesStart of year $414,878$423,763
X-26 Total liabilitiesStart of year $1,483,315$1,371,164
X-32 Total net assets or fund balancesStart of year $654,440$759,990
X-33 Total liabilities and net assetsStart of year $2,137,755$2,131,154
Part XI · Reconciliation of net assets $759,990 net assets at year end
XI-1 Total revenue$732,797
XI-2 Total expenses$627,247
XI-3 Revenue less expenses$105,550
XI-4 Net assets at start of year$654,440
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$759,990

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

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