Phi Delta Theta Fraternity FY2024 filing

Tuscaloosa, AL501(c)(7)Since 1992EIN 63-1053272

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Provide housing for undergraduate chapter of national collegiate Fraternity and facilitate interaction between alumni and undergraduate members.

100¢ 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
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
1 of 5
filings with a surplus
Average deficit $21K a year · 1% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.7M
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+16% vs prior year
Spent
$1.7M
To programs
100%
Net assets
$1.6M
By yearFY2021–FY2025
Revenue
$1.6M
FY2024▲ +16%
Revenue by fiscal year
FY2021$1.3M
FY2022$1.4M
FY2023$1.4M
FY2024$1.6M
FY2025$1.4M
FY2025$1.5M
Expenses
$1.7M
FY2024▲ +9%
Expenses by fiscal year
FY2021$1.3M
FY2022$1.5M
FY2023$1.5M
FY2024$1.7M
FY2025$1.4M
FY2025$1.4M
Net assets
$1.6M
FY2024▼ -2%
Net assets by fiscal year
FY2021$1.8M
FY2022$1.8M
FY2023$1.6M
FY2024$1.6M
FY2025$1.7M
FY2025$1.8M

From the FY2024 Form 990 (year ending May 2024) · figures checked against the IRS filing · see the original

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 Jul 1992.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.7M Fundraising 0% · $987

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

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
President
$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

Provides housing and support for a college fraternity chapter.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2023.
01

Provided housing and alumni relations for undergraduate chapter of national collegiate social fraternity.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $1.1M · 2020–2023
University of AlabamaFY2023$274,527
University of AlabamaFY2022$274,527
University of AlabamaFY2021$274,527
University of AlabamaFY2020$275,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$275K
Investment incomeLn 3$10K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.7M
Fundraisingcol D$987
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$5.3M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$275K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$10K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$4.3M
Total assetsLn 16$5.3M
LiabilitiesLn 26$3.7M
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 56
VolunteersI 63
Fiscal year endsHeaderMay
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$965K$1.0M
Land, buildings, equipmentLn 10c$4.5M$4.3M
Total assetsLn 16$5.5M$5.3M
LiabilitiesLn 26$3.8M$3.7M
Net assetsLn 32$1.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$275K$275K
Other salaries and wagesLn 7$24K$24K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$19K$19K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$48K$48K
Professional fundraising feesLn 11e$987$987
Office expensesLn 13$2K$2K
OccupancyLn 16$415K$415K
Conferences, conventions and meetingsLn 19$150$150
Depreciation, depletion and amortizationLn 22$254K$254K
Other expenses (24a–d)Ln 24$587K$587K
All other expensesLn 24e$24K$24K
Total functional expensesLn 25$1.7M$1.7M$0$987

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $1.4M$1.4M$88K$1.7M 990 PDF
FY2024 Viewing $1.6M$1.7M−$26K$1.6M 990 PDF
FY2023 $1.4M$1.5M−$115K$1.6M 990 PDF
FY2022 $1.4M$1.5M−$29K$1.8M 990 PDF
FY2021 $1.3M$1.3M−$25K$1.8M 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 (4 parts)
Part VIII · Statement of revenue $1,630,881 across 5 lines filed
VIII-1f All other contributions, gifts and grants$274,527
VIII-1h Total contributions, gifts and grants$274,527
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,346,043$1,346,043
VIII-3 Investment incomeUnrelated business $10,311$10,311
VIII-12 Total revenueRelated to mission $1,346,043 · Unrelated business $10,311$1,630,881
Part IX · Statement of functional expenses $1,656,709 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $274,527$274,527
IX-7 Other salaries and wagesPrograms $24,495$24,495
IX-10 Payroll taxesPrograms $3,209$3,209
IX-11a Management feesPrograms $19,493$19,493
IX-11b Legal feesPrograms $3,679$3,679
IX-11c Accounting feesPrograms $48,270$48,270
IX-11e Professional fundraising feesFundraising $987$987
IX-13 Office expensesPrograms $1,568$1,568
IX-16 OccupancyPrograms $415,043$415,043
IX-19 Conferences, conventions and meetingsPrograms $150$150
IX-22 Depreciation, depletion and amortizationPrograms $253,909$253,909
IX-24 Other expenses (24a–d)Programs $587,255$587,255
IX-24e All other expensesPrograms $24,124$24,124
IX-25 Total functional expensesPrograms $1,655,722 · Management $0 · Fundraising $987$1,656,709
Part X · Balance sheet $5,302,792 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $965,086$1,022,598
X-4 Accounts receivableStart of year $22,052$17,313
X-9 Prepaid expenses and deferred chargesStart of year $6,789$10,971
X-10c Land, buildings and equipment, netStart of year $4,475,528$4,251,910
X-16 Total assetsStart of year $5,469,455$5,302,792
X-17 Accounts payable and accrued expensesStart of year $18,454$19,196
X-26 Total liabilitiesStart of year $3,827,981$3,687,146
X-32 Total net assets or fund balancesStart of year $1,641,474$1,615,646
X-33 Total liabilities and net assetsStart of year $5,469,455$5,302,792
Part XI · Reconciliation of net assets $1,615,646 net assets at year end
XI-1 Total revenue$1,630,881
XI-2 Total expenses$1,656,709
XI-3 Revenue less expenses−$25,828
XI-4 Net assets at start of year$1,641,474
XI-10 Net assets at end of year$1,615,646

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

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