Delta Psi Fraternity FY2021 filing

Oxford, MSUnknown exempt organizationSince 1855EIN 64-0350891

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SOCIAL FRATERNITY AND ITS ALUMNI ORGANIZATION OF A NATIONAL SOCIAL FRATERNITY Provide Room and Board for approximately 240 students at The University of Mississippi

100¢ 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
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 $95K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 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
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
157% of total assets
Concern: liabilities are 157% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 12 voting members
Concern: none of 12 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$283K
Spent
$373K
To programs
100%
Net assets
−$391K
By yearFY2021–FY2025
Revenue
$283K
FY2021
Revenue by fiscal year
FY2021$283K
FY2022$666K
FY2023$964K
FY2024$1.4M
FY2025$1.5M
FY2025$1.7M
Expenses
$373K
FY2021
Expenses by fiscal year
FY2021$373K
FY2022$611K
FY2023$737K
FY2024$1.2M
FY2025$1.4M
FY2025$1.4M
Net assets
−$391K
FY2021
Net assets by fiscal year
FY2021−$391K
FY2022−$358K
FY2023−$131K
FY2024−$127K
FY2025$12K
FY2025$291K

From the FY2021 Form 990 (year ending March 2021) · see the original

You’re viewing the FY2021 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 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% · $373K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Delta Psi 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 meals for about 120 students at The University of Mississippi.

Provided by the organization

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1 program service account for $373K of program spending, described in the organization's own filed words · FY2020.
01

Furnishing Room and Board for 140 members of social fraternity at The University of Mississippi

$373Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$283K
Ln 12
Fees for servicesLn 2g$204K
Other incomeLn 4–11$56K
Gifts and grantsLn 1h$23K
Money outPt IX
$373K
Ln 25
Programscol B$373K
Owns and owesPt X
−$391K
net assets · Ln 32
Cash and savingsLn 1–2$70K
Total assetsLn 16$684K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Fees for servicesLn 2g$204K
Investment incomeLn 3$27
Other incomeLn 4–11$56K
Total revenueLn 12$283K
Assets in detailPt X, end of year
CashLn 1$70K
Cash and savings togetherLn 1–2$70K
Land, buildings, equipmentLn 10c$614K
Total assetsLn 16$684K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$391K
OperationsPt I, VI
EmployeesI 54
VolunteersI 615
Fiscal year endsHeaderMarch
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$47K$70K
Land, buildings, equipmentLn 10c$661K$614K
Total assetsLn 16$708K$684K
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32−$358K−$391K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$58K$58K$0$0
Payroll taxesLn 10$6K$6K$0$0
Office expensesLn 13$226$226$0$0
Information technologyLn 14$2K$2K$0$0
OccupancyLn 16$93K$93K$0$0
InterestLn 20$32K$32K$0$0
Depreciation, depletion and amortizationLn 22$47K$47K$0$0
InsuranceLn 23$8K$8K$0$0
Other expenses (24a–d)Ln 24$126K$126K$0$0
Total functional expensesLn 25$373K$373K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $1.5M$1.4M$139K$12K 990 PDF
FY2024 $1.4M$1.2M$142K−$127K 990 PDF
FY2023 $964K$737K$227K−$131K 990 PDF
FY2022 $666K$611K$54K−$358K 990 PDF
FY2021 Viewing $283K$373K−$89K−$391K 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 $283,481 across 7 lines filed
VIII-1b Membership dues$16,830
VIII-1f All other contributions, gifts and grants$6,551
VIII-1h Total contributions, gifts and grants$23,381
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$203,582
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$27
VIII-6 Net rental income or lossRelated to mission $56,491$56,491
VIII-12 Total revenueRelated to mission $260,100 · Unrelated business $0 · Excluded from tax $0$283,481
Part IX · Statement of functional expenses $372,728 across 9 lines filed
IX-7 Other salaries and wagesPrograms $58,490 · Management $0 · Fundraising $0$58,490
IX-10 Payroll taxesPrograms $5,883 · Management $0 · Fundraising $0$5,883
IX-13 Office expensesPrograms $226 · Management $0 · Fundraising $0$226
IX-14 Information technologyPrograms $1,765 · Management $0 · Fundraising $0$1,765
IX-16 OccupancyPrograms $93,179 · Management $0 · Fundraising $0$93,179
IX-20 InterestPrograms $32,139 · Management $0 · Fundraising $0$32,139
IX-22 Depreciation, depletion and amortizationPrograms $46,806 · Management $0 · Fundraising $0$46,806
IX-23 InsurancePrograms $7,817 · Management $0 · Fundraising $0$7,817
IX-24 Other expenses (24a–d)Programs $126,423 · Management $0 · Fundraising $0$126,423
IX-25 Total functional expensesPrograms $372,728 · Management $0 · Fundraising $0$372,728
Part X · Balance sheet $684,361 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $47,069$69,929
X-10c Land, buildings and equipment, netStart of year $661,238$614,432
X-16 Total assetsStart of year $708,307$684,361
X-24 Unsecured notes and loans payableStart of year $295,250$314,250
X-25 Other liabilities$50,000
X-26 Total liabilitiesStart of year $1,065,821$1,075,478
X-32 Total net assets or fund balancesStart of year −$357,514−$391,117
X-33 Total liabilities and net assetsStart of year $708,307$684,361
Part XI · Reconciliation of net assets −$391,117 net assets at year end
XI-1 Total revenue$283,481
XI-2 Total expenses$372,728
XI-3 Revenue less expenses−$89,247
XI-4 Net assets at start of year−$357,514
XI-10 Net assets at end of year−$391,117

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

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