Beta Omicron Chapter of Delta Tau Delta
- Assets
- $1.4m
- Revenue
- $644.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 06/2022
- EIN
- 30-0502451
Organization Overview
Beta Omicron Chapter of Delta Tau Delta, operating under the name Beta Omicron House Corporation of Delta Tau Delta, is located in Washington, DC. Beta Omicron House Corporation of Delta Tau Delta is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Beta Omicron House Corporation of Delta Tau Delta generated $644.2k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $29.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (54.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CORPORATION IS AN ALUMNI ASSOCIATION FOR THE BETA OMICRON DELTA TAU DELTA CHAPTER AT CORNELL UNIVERSITY; IT PUTS OUT A NEWSLETTER, ORGANIZES SOCIAL EVENTS, AND RAISES FUNDS TO SUPPORT AND MANAGE THE UNDERGRADUATE FRATERNITY SHELTER AT CORNELL UNIVERSITY, 104 MARY ANN WOOD DRIVE, ITHACA NY 14853.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORNELL UNIVERSITY OWNS THE DELTA TAU DELTA SHELTER LOCATED AT 104 MARY ANN WOOD DRIVE, ITHACA NY 14853. UNDER THE 1966 GROUP HOUSING PLAN WITH CORNELL, ACTIVE MEMBERS OF THE UNDERGRADUATE CHAPTER OCCUPY THIS SHELTER. UNDER THAT SAME AGREEMENT, THE CORPORATION PAYS FOR MAINTENANCE, UPKEEP, IMPROVEMENTS, AND INSURANCE (WITH RESPECT TO ACTIVITIES, NOT THE BUILDING ITSELF) WITH RESPECT TO THIS OCCUPANCY. THESE ACTIVITIES ARE FUNDED THROUGH THE UNDERGRADUATES' CONTRIBUTION TO THE CORNELL FACILITY RESERVE AND ALUMNI CONTRIBUTIONS TO THE CORNELL GIFT ACCOUNT. THESE TWO ACCOUNTS ARE LEGAL OWNED BY CORNELL, BUT THE CORPORATION CAN DIRECT THE FUNDS THEREIN FOR USE REGARDING THE UPKEEP, ETC. OF THE SHELTER AS WELL AS (IN THE CASE OF THE GIFT ACCOUNT) FOR ALUMNI RELATIONS AND FUNDRAISING ACTIVITIES. AS SUCH, IN AN ABUNDANCE OF CAUTION, THE CORPORATION HAS REPORTED THESE ACCOUNTS ON ITS FORM 990, AS IN PREVIOUS YEARS.
THE CORPORATION HOSTS AN ANNUAL MEETING (HOMECOMING) AND REUNION ACTIVITIES
THE ORGANIZATION PROVIDED STIPENDS TO UNDERGRADUATE MEMBERS OF DELTA TAU DELTA WHO WERE FACING FINANCIAL DIFFICULTY AS A RESULT OF THE COVID-19 PANDEMIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Schrade Trustee | Trustee | 0 | $0 |
Tom Sweda Trustee | Trustee | 0 | $0 |
Jason Saltzberg Trustee | Trustee | 0 | $0 |
Chris Litvin Trustee | Trustee | 0 | $0 |
Lary Zamojski Trustee | Trustee | 0 | $0 |
John Pirie Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $622,722 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,722 |
| Total Program Service Revenue | $0 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,409 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $644,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,074 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,636 |
| All other expenses | $0 |
| Total functional expenses | $29,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,379 |
| Savings and temporary cash investments | $1,325,737 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,445,116 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $119,379 |
| Net assets with donor restrictions | $1,325,737 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,445,116 |