Delta Sigma Phi Fraternity INC FY2022 filing

Not tax-deductible

Atlanta, GA501(c)(7)EIN 74-2317021

Provide college fraternity housing for active members of the chapter

Mission: Form 990 Part I, line 1

Before you give

FY2022 · 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 6
filings with a surplus
Average surplus $49K a year · 10% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $38K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.3M
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$455K
-20% vs prior year
Spent
$436K
To programs
0%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$455K
FY2022▼ -20%
Revenue by fiscal year
FY2020$522K
FY2021$567K
FY2022$455K
FY2023$458K
FY2024$573K
FY2025$518K
Expenses
$436K
FY2022▲ +6%
Expenses by fiscal year
FY2020$416K
FY2021$411K
FY2022$436K
FY2023$508K
FY2024$506K
FY2025$520K
Net assets
$1.8M
FY2022▲ +1%
Net assets by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$1.8M
FY2023$1.8M
FY2024$1.9M
FY2025$1.9M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Feb 1969.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Delta Sigma Phi Fraternity INC 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 college fraternity housing for active members.

Provided by the organization

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

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1 program service, described in the organization's own filed words · FY2022.
01

Provide college fraternity housing for active members of the chapter

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$38K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$455K
Ln 12
Fees for servicesLn 2g$388K
Gifts and grantsLn 1h$66K
Investment incomeLn 3$276
Money outPt IX
$436K
Ln 25
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$333K
Total assetsLn 16$5.1M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$66K
Fees for servicesLn 2g$388K
Investment incomeLn 3$276
Gains on assetsLn 7$0
Total revenueLn 12$455K
Assets in detailPt X, end of year
CashLn 1$168K
SavingsLn 2$165K
Cash and savings togetherLn 1–2$333K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4.8M
Other assetsLn 15$0
Total assetsLn 16$5.1M
LiabilitiesLn 26$3.3M
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
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 FY22End FY22
Cash and savingsLn 1–2$319K$333K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4.9M$4.8M
Total assetsLn 16$5.3M$5.1M
LiabilitiesLn 26$3.4M$3.3M
Net assetsLn 32$1.8M$1.8M
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$145K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$109K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$148K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$24K
All other expensesLn 24e$0
Total functional expensesLn 25$436K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $518K$520K−$3K$1.9M 990 PDF
FY2024 $573K$506K$67K$1.9M 990 PDF
FY2023 $458K$508K−$50K$1.8M 990 PDF
FY2022 Viewing $455K$436K$19K$1.8M 990 PDF
FY2021 $567K$411K$156K$1.8M 990 PDF
FY2020 $522K$416K$106K$1.7M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $454,620 across 9 lines filed
VIII-1f All other contributions, gifts and grants$66,475
VIII-1h Total contributions, gifts and grants$66,475
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $387,869$387,869
VIII-3 Investment incomeRelated to mission $276$276
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $388,145$454,620
Part IX · Statement of functional expenses $435,859 across 31 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-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$145,492
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$108,762
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$148,294
IX-23 Insurance$9,349
IX-24 Other expenses (24a–d)$23,962
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$435,859
Part X · Balance sheet $5,116,274 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $167,897$168,267
X-2 Savings and temporary cash investmentsStart of year $151,519$164,963
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $4,931,338$4,783,044
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $5,250,754$5,116,274
X-26 Total liabilitiesStart of year $3,419,573$3,266,332
X-27 Net assets without donor restrictionsStart of year $1,831,181$1,849,942
X-32 Total net assets or fund balancesStart of year $1,831,181$1,849,942
X-33 Total liabilities and net assetsStart of year $5,250,754$5,116,274
Part XI · Reconciliation of net assets $1,849,942 net assets at year end
XI-1 Total revenue$454,620
XI-2 Total expenses$435,859
XI-3 Revenue less expenses$18,761
XI-4 Net assets at start of year$1,831,181
XI-10 Net assets at end of year$1,849,942

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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