Beta Omicron Chapter of Delta Tau Delta

Nonprofit profile at a glance

EIN
300502451
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-EZ 2024
Location
Washington, DC, USA
Phone
7039437798
Rating
46
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$277,674
Expenses
$41,197
Assets
$516,021
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • Michael Bonacum (President)
  • Brian Cuccioli (Vice President)

People named in this filing

  • Richard Schrade (Trustee)
  • David Wolfers (Trustee)
  • Jason Saltsberg (Trustee)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Corporation is an alumni association for the Beta Omicron Chapter of Delta Tau Delta Fraternity at Cornell University. Corporation provides maintenance, upkeep, and insurance for Fraternity's shelter at Cornell (104 Mary Ann Wood Drive, Ithaca NY 14853). Corporation organizes events for active and alumni members of the fraternity (e.g., homecoming, reunion). Corporation publishes a newsletter, maintains alumni database, and oversees alumni active relations.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 90
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 85.2%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 12.53; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -24.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -19.3% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 15 of 15 board members independent · 2 of 7 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 19 people listed
  • Consistency: 10 of 11 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.