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Phi Delta Kappa Fraternity FY2021 filing

Danville, IN501(c)(7)EIN 35-1066121

Social fraternity

3¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $25K a year · 18% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
3%
of spending
Concern: 3% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$171K
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$99K
-25% vs prior year
Spent
$96K
To programs
3%
Net assets
$111K
By yearFY2020–FY2024
Revenue
$99K
FY2021▼ -25%
Revenue by fiscal year
FY2020$133K
FY2021$99K
FY2022$117K
FY2023$145K
FY2024$201K
Expenses
$96K
FY2021+0.07%
Expenses by fiscal year
FY2020$96K
FY2021$96K
FY2022$102K
FY2023$140K
FY2024$138K
Net assets
$111K
FY2021▲ +29%
Net assets by fiscal year
FY2020$86K
FY2021$111K
FY2022$96K
FY2023$74K
FY2024$84K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1990.

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

Where the money goes

3 cents of each dollar spent went to programs.

Program services 3% · $2K Management & general 97% · $93K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Dave Glover
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rex Leach
Trustee
$0Pt VII · Sec A
Mike Rose
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Doug Leach
Treasurer
$0Pt VII · Sec A
See Phi Delta Kappa 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Phi Delta Kappa Fraternity is a member-serving organization based in Danville, IN.

Provided by the organization

This section is blank until Phi Delta Kappa Fraternity claims this page.

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1 program service account for $3K of program spending, described in the organization's own filed words · FY2021.
01

Capital imporvements and scholarships

$3Kprogram expense

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By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$99K
Ln 12
Fees for servicesLn 2g$42K
Other incomeLn 4–11$39K
Gifts and grantsLn 1h$18K
Money outPt IX
$96K
Ln 25
Programscol B$2K
Managementcol C$93K
Owns and owesPt X
$111K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$281K
LiabilitiesLn 26$171K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$42K
Investment incomeLn 3$714
Other incomeLn 4–11$39K
Total revenueLn 12$99K
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$73K
Cash and savings togetherLn 1–2$107K
Land, buildings, equipmentLn 10c$143K
Total assetsLn 16$281K
LiabilitiesLn 26$171K
Net assetsLn 32$111K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$95K$107K
Land, buildings, equipmentLn 10c$148K$143K
Total assetsLn 16$256K$261K
LiabilitiesLn 26$171K$165K
Net assetsLn 32$86K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$36K$36K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$475$475
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$3K
OccupancyLn 16$27K$27K
Conferences, conventions and meetingsLn 19$109$7K
InterestLn 20$6K$7K
Depreciation, depletion and amortizationLn 22$6K
InsuranceLn 23$12K$12K
Total functional expensesLn 25$94K$2K$93K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $201K$138K$63K$84K 990 PDF
FY2023 $145K$140K$5K$74K 990 PDF
FY2022 $117K$102K$15K$96K 990 PDF
FY2021 Viewing $99K$96K$3K$111K 990 PDF
FY2020 $133K$96K$37K$86K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $103,888 across 6 lines filed
Lines not itemized here account for $20,341 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$4,686
VIII-1h Total contributions, gifts and grants$4,686
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $67,837$67,867
VIII-3 Investment incomeUnrelated business $714$714
VIII-6 Net rental income or lossRelated to mission $1,080$10,280
VIII-12 Total revenueRelated to mission $68,917 · Unrelated business $67,649 · Excluded from tax $17,534$103,888
Part IX · Statement of functional expenses $93,963 across 10 lines filed
IX-7 Other salaries and wagesManagement $35,548$35,548
IX-10 Payroll taxesManagement $2,719$2,719
IX-11c Accounting feesManagement $475$475
IX-12 Advertising and promotionPrograms $2,437$2,437
IX-13 Office expensesManagement $2,505$2,505
IX-16 OccupancyManagement $26,727$26,727
IX-19 Conferences, conventions and meetingsManagement $6,916$109
IX-20 InterestManagement $6,614$6,233
IX-22 Depreciation, depletion and amortization$5,581
IX-23 InsuranceManagement $11,629$11,629
IX-25 Total functional expensesPrograms $2,437 · Management $93,133 · Fundraising $0$93,963
Part X · Balance sheet $261,010 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $21,987$34,111
X-2 Savings and temporary cash investmentsStart of year $72,944$72,944
X-4 Accounts receivableStart of year $5,925$4,211
X-8 Inventories for sale or useStart of year $7,003$6,622
X-10c Land, buildings and equipment, netStart of year $148,303$143,122
X-16 Total assetsStart of year $256,162$261,010
X-17 Accounts payable and accrued expensesStart of year $1,465$1,509
X-26 Total liabilitiesStart of year $170,512$165,035
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $85,650$95,975
X-33 Total liabilities and net assetsStart of year $256,162$261,010
Part XI · Reconciliation of net assets $110,562 net assets at year end
XI-1 Total revenue$99,217
XI-2 Total expenses$96,082
XI-3 Revenue less expenses$3,135
XI-4 Net assets at start of year$85,650
XI-10 Net assets at end of year$110,562

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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