Delta Chi Educational Foundation Inc
- Assets
- $7.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Indianapolis, IN
- Founding
- 05/1957
- Data as of
- 12/2023
- EIN
- 42-6075434
Organization Overview
Delta Chi Educational Foundation Inc, operating under the name Delta Chi Foundation, is located in Indianapolis, IN. The organization was established in 1957. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 12/2023, Delta Chi Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Chi Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Delta Chi Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $860.9k during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Delta Chi Foundation has awarded 43 individual grants totaling $3,568,929. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF DELTA CHI EDUCATIONAL FOUNDATION IS TO DEVELOP, MANAGE, AND STEWARD FINANCIAL RESOURCES IN SUPPORT OF THE DELTA CHI FRATERNITY'S ROLE IN PROMOTING THE ACQUISITION OF A SOUND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECHI ACCOUNTS: DCEF PROVIDES GRANTS FOR FRATERNITY HOUSING EXPENSES DEEMED EDUCATIONAL BY THE IRS. THESE EXPENSES INCLUDE DESIGN AND CONSTRUCTION, MAINTENANCE FOR STUDY ROOMS, LIBRARIES, COMPUTER ROOMS, LEADERSHIP TRAINING ROOMS, UTILITIES, AND EDUCATIONAL STORAGE ROOMS. DONATIONS TO ECHI ACCOUNTS ARE TAX-DEDUCTIBLE.
UNDERGRADUATE MEMBERS AND MEMBERS IN GRADUATE SCHOOL CAN APPLY FOR INDIVIDUAL SCHOLARSHIPS THAT ARE GRANTED FROM NUMEROUS FUND ACCOUNTS. THESE SCHOLARSHIPS CAN BE USED TOWARDS TUITION OR OTHER EDUCATIONAL RELATED EXPENSES. THE SCHOLARSHIPS RECOGNIZE ACADEMIC ACCOMPLISHMENTS, LEADERSHIP INVOLVEMENT IN CHAPTER AND CAMPUS, COMMUNITY INVOLVEMENT AND THE NEED FOR FINANCIAL AID.
CHAPTER SCHOLARHIP ACCOUNTS PROVIDE A MEANS TO PROMOTE INCENTIVES THAT IMPROVE ACADEMICS, SUPPORT UNDERGRADUATES FOR ACADEMIC ACHIEVEMENT, ASSIST STUDENT MEMBERS TO INCREASE THEIR LEADERSHIP SKILLS, AND PROVIDE EDUCATIONAL PROGRAMMING FOR THE MEMBERS AND CHAPTERS. EACH CHAPTER'S CSA CAN BE UNIQUE IN THE WAY IT ASSISTS IN BENEFITING ITS MEMBERS AND CAN BE CUSTOMIZED BASED ON THE NEEDS OF THE CHAPTER.
THE PRESIDENT'S ("A") FROM EACH UNDERGRADUATE DELTA CHI CHAPTER ATTEND A LEADERSHIP, VALUES, AND MANAGEMENT SEMINAR AT THE BEGINNING OF THEIR TERM. IT IS THE FRATERNITY'S PREMIER PROGRAM THAT UTILIZES A CURRICULUM FOCUSED ON LEADERSHIP DEVELOPMENT AND GOAL SETTING THAT ARMS THE ATTENDEES TO RETURN TO THEIR CHAPTERS WITH CONFIDENCE AND NEW INSIGHT. IT IS PROVIDED AT NO COST TO THE ATTENDEES. DCEF PROVIDES A GRANT TO THE FRATERNITY HEADQUARTERS TO OFFSET THE INCURRED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Arnold Chairman | OfficerTrustee | 1 | $0 |
Andrew R Haggerty VP Programs | OfficerTrustee | 1 | $0 |
John S Ziegler VP Committees | OfficerTrustee | 1 | $0 |
David Edwards Treasurer | OfficerTrustee | 1 | $0 |
Travis Covey Secretary | OfficerTrustee | 1 | $0 |
Jim Marascio Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,020,762 |
| Noncash contributions included in lines 1a–1f | $79,948 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,020,762 |
| Total Program Service Revenue | $0 |
| Investment income | $131,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $414,131 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,568,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $202,946 |
| Grants and other assistance to domestic individuals. | $59,998 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,612 |
| Compensation of current officers, directors, key employees. | $57,612 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,090 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,234 |
| Payroll taxes | $11,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,720 |
| Fees for services: Accounting | $67,389 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,951 |
| Fees for services: Other | $138,346 |
| Advertising and promotion | $0 |
| Office expenses | $24,583 |
| Information technology | $11,311 |
| Royalties | $0 |
| Occupancy | $3,300 |
| Travel | $9,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,657 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $860,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,384 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,548,654 |
| 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 | $2,133 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,278,509 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,916 |
| Total assets | $7,349,596 |
| Accounts payable and accrued expenses | $11,984 |
| 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 | $11,984 |
| Net assets without donor restrictions | $821,852 |
| Net assets with donor restrictions | $6,515,760 |
| 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 | $7,349,596 |
Grants Awarded
Over the last fiscal year, Delta Chi Educational Foundation Inc has awarded $201,414 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DELTA CHI FRATERNITY INC PURPOSE: TO SUPPORT THE DELTA CHI FRATERNITY'S ANNUAL "A'S" ACADEMY | $50,000 |
EMBRY RIDDLE BUILDING CORPORATION PURPOSE: EDUCATIONAL HOUSING GRANT | $57,000 |
DELTA CHI HOUSING CORPORATION AT CORNELL PURPOSE: EDUCATIONAL HOUSING GRANT | $49,000 |
LOUSIANA TECH DELTA CHI HOUSE CORPORATION PURPOSE: EDUCATIONAL HOUSING GRANT | $36,114 |
TEXAS TECH DELTA CHI HOUSING CORPORATION PURPOSE: EDUCATIONAL HOUSING GRANT | $9,300 |