Delta Tau Delta Educational Foundation Inc

Nonprofit profile at a glance

EIN
311020203
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Indianapolis, IN, USA
Phone
3172840203
Rating
75
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Student Sororities, Fraternities

Official website

Reported finances

Revenue
$4,034,972
Expenses
$4,108,122
Assets
$31,450,256
Liabilities
$569,843

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

Leadership & pay

22 people listed

Executive titles in this filing

  • Steven Vedra (President)

Highest reported compensation

  • Steven Vedra (President): $181,933 total reported compensation
  • Tony Vulkusich (VP of Advancement): $158,840 total reported compensation
  • Nick Zuniga (Chief Admin Officer): $145,248 total reported compensation

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

Overview

Mission

The delta tau delta educational foundation, inc. Is organized to raise, manage and grant funds for the benefit of the educational and leadership programs of delta tau delta fraternity and its chapters so members fulfill the delt creed, live lives of excellence, and thereby have a positive impact on society.

What it reported doing in 2024

Individual and group counseling: the conduct of individual and group counseling to chapter members and the training of individuals to do such counseling. Group counseling includes workshops and lectures on leadership and personal development, risk management, understanding the free enterprise system, achievement of high scholastic attainment, citizenship and patriotism, alcohol and substance abuse prevention, and advanced leadership training for selected individuals. Individual counseling includes one-on-one sessions with selected undergraduate chapter members of the delta tau delta fraternity regarding leadership opportunities, scholarship, and studying techniques. In addition, the delta tau delta educational foundation, inc. Conducts charitable and educational activities at the delta tau delta fraternity's annual divisional conferences and biennial national convention. Such activities include workshops and seminars in the areas of leadership, scholarship, life skills, (continued on schedule o)

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 71% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.2%; rating input score 71
  • Program expense ratio: 63.8%; rating input score 64
  • Fundraising efficiency: $4.07 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 88.2%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 57.1%; rating input score 57; 16th percentile among comparable filings
  • 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: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.8%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 7.66; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 11.8%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 9.6% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 6.5% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 71.2% of revenue deployed · 63.8% of spending went to programs
  • Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $2.6M in reported program spending
  • Leadership: top reported pay $182K · 22 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 43 of 44 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • 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: Fundraising efficiency scored 13/100.
  • Review — Transparency & Controls: Grant itemization coverage scored 57/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.