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Delta Tau Delta Educational Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311020203 ✦ Fishers, IN ✦ Designated as a 501(c)(3)

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Overview

What is Delta Tau Delta Educational Foundation Inc?

Delta Tau Delta Educational Foundation Inc, headquartered in Fishers, Indiana, is a nonprofit organization dedicated to encouraging, assisting, promoting, fostering, and supporting education. Its primary mission is to raise, manage, and grant funds for the educational and leadership programs of Delta Tau Delta Fraternity and its chapters. The foundation offers chapter assistance through granting funds for qualified educational housing improvements and educational initiatives, ensuring members can fulfill the fraternity's creed and live lives of excellence, making a positive impact on society. With a team of nine dedicated individuals, the foundation strives to fulfill its mission and contribute to the growth and development of its members.


Official website here: www.delts.org

What are the reviews and ratings of this charity?

**Rating: 97% (Four-Star out of Four Star Rating from Charity Navigator)**

Delta Tau Delta Educational Foundation Inc has earned a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity received a perfect score in numerous areas, including an independent board, solid audit oversight, and effective governance policies. With a program expense ratio of nearly 70%, a low liabilities to assets ratio, and outstanding fundraising efficiency, the foundation demonstrates fiscal responsibility and transparency in its operations.

Strengths of the organization include its entirely independent board members and well-documented policies concerning conflicts of interest and whistleblowing. This solid governance structure fortifies public trust and ensures that donor funds are utilized effectively. Moreover, the foundation exhibits strong financial health, displayed by its impressive working capital ratio, which indicates a solid buffer for operational sustainability.

Unfortunately, no user reviews were available from GreatNonprofits, which limits insights into the experiences and sentiments of individuals directly interacting with the foundation. Overall, Delta Tau Delta Educational Foundation Inc shows excellence in various financial and accountability metrics, affirming its integrity and ability to serve its mission effectively.


This AI summary has been generated from information found on Charity Navigator.

Is Delta Tau Delta Educational Foundation Inc legitimate?

Delta Tau Delta Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delta Tau Delta Educational Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $317,675
Professional Fundraising Fees: $215,677
Other Salaries and Wages: $280,571

For more financial information, click here


Official website here: www.delts.org

What is the mission statement of Delta Tau Delta Educational Foundation Inc?

The Delta Tau Delta Educational Foundation Inc is organized with the primary aim of encouraging, assisting, promoting, fostering, and supporting education. Its mission is to raise, manage, and grant funds for the benefit of the educational and leadership programs of Delta Tau Delta Fraternity and its chapters. This is done to help its members fulfill the Delt Creed, live lives of excellence, and ultimately have a positive impact on society. The foundation provides support to chapters through the granting of funds for qualified educational housing improvements and initiatives.


Official website here: www.delts.org

Who is the CEO of Delta Tau Delta Educational Foundation Inc?

Steve K Vedra is the Principal Officer of Delta Tau Delta Educational Foundation Inc.


Official website here: www.delts.org

What is the revenue of Delta Tau Delta Educational Foundation Inc?

Delta Tau Delta Educational Foundation Inc's revenue in 2022 was $7,019,094.


Official website here: www.delts.org

Who are the executives of Delta Tau Delta Educational Foundation Inc and what are their salaries?

The average compensation at Delta Tau Delta Educational Foundation Inc during 2022 was $66,472. There are 9 employees and 25 volunteers at Delta Tau Delta Educational Foundation Inc.


Here are 22 key members and their salaries:


Steven K Vedra (President)
  • Compensation: $149,154
  • Related: $0
  • Other: $12,200
Maurie Phelan (Vice President Of Finance & Op)
  • Compensation: $106,101
  • Related: $0
  • Other: $9,893
Daniel A Dungan (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Murray M Blackwelder (Director (End 11/21))
  • Compensation: $0
  • Related: $0
  • Other: $0
Millard B Byrne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Coley Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy P Cullen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John W Gleeson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
P Christopher Mickel (Director (Start 4/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Demand (Director (End 4/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg D Ethridge (Director (Start 4/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent R Hance (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffry L Henning (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory N Kazarian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William V Mcmeans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosario A Palmieri (Diirector)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce L Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexander R Schriver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith J Steiner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel C Stith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen K Hockett (Director (End 4/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael D Shonrock (Vice Chairman (Start 4/22))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.delts.org

Where can I find the form 990 for Delta Tau Delta Educational Foundation Inc?

Delta Tau Delta Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.delts.org

Learn more at the official website: www.delts.org

Mission Statement of Delta Tau Delta Educational Foundation Inc

Delta Tau Delta Educational Foundation Inc is dedicated to encouraging, assisting, promoting, fostering, and supporting education. Its mission is to raise, manage, and grant funds for the benefit of the educational and leadership programs of Delta Tau Delta Fraternity and its chapters. This foundation aims to help its members fulfill the Delta Tau Delta creed, live lives of excellence, and have a positive impact on society. To achieve this, it provides chapter assistance through granting funds for qualified educational housing improvements and educational initiatives. This support enables the fraternity chapters to uphold their values and contribute positively to their communities.

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Impact




October, 2024

Delta Tau Delta Educational Foundation Inc significantly influences the educational landscape for its members by promoting, fostering, and supporting educational initiatives. By providing critical funding for qualified educational housing improvements and various educational programs, the foundation empowers chapters to enhance their learning environments and leadership opportunities. This support enables members to embody the values of the Delta Tau Delta creed, pursue lives of excellence, and contribute positively to society. With its commitment to raising, managing, and granting funds, the foundation plays a vital role in developing future leaders who are well-equipped to make meaningful impacts in their communities.




This information is meant to be a general summary of Delta Tau Delta Educational Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$7,019,094 (2022)
Expenses
$3,686,545 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $496,583
  • Program Service Revenue: $144,035
  • Gross Receipts: $28,748,292

Assets and Liabilities:

  • Total Assets: $27,163,598
  • Total Liabilities: $645,618
  • Net Assets: $26,517,980

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$141,154

MISCELLANEOUS INCOME

Revenue

$2,881

Organization Details

Founding Year

1981

Principal Officer

Steve K Vedra

Main Address

10000 ALLISONVILLE ROAD, FISHERS, IN, 46038

NTEE Category

Code: B83Z - Education

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