Overview
What is Delta Phi Fraternity Alumni Association?
Delta Phi Fraternity Alumni Association is a nonprofit organization with a specific purpose. It primarily serves as a property custodian and income collector, with the aim of transferring the net income, after deducting expenses, to a recognized 501(c)(3) organization. This association's role is essential in supporting the operations of another charitable organization by managing property and financial resources.
Is Delta Phi Fraternity Alumni Association legitimate?
Delta Phi Fraternity Alumni Association is a legitimate nonprofit organization registered as a 501(c)(2) entity. Delta Phi Fraternity Alumni Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Delta Phi Fraternity Alumni Association?
The Delta Phi Fraternity Alumni Association is established with a specific purpose. It primarily functions to hold property and generate income from it. The association then transfers the majority of these funds, after deducting expenses, to a non-profit organization that falls under the 501(c)(3) tax exemption category. This transfer of funds is aimed at supporting the mission of the receiving organization. In essence, the Delta Phi Fraternity Alumni Association serves as a financial intermediary, channeling resources to other charitable organizations.
Who is the CEO of Delta Phi Fraternity Alumni Association?
Thananuan Chariya is the President of Delta Phi Fraternity Alumni Association.
What is the revenue of Delta Phi Fraternity Alumni Association?
Delta Phi Fraternity Alumni Association's revenue in 2021 was $98,472.
Who are the executives of Delta Phi Fraternity Alumni Association and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Delta Phi Fraternity Alumni Association?
Delta Phi Fraternity Alumni Association's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Delta Phi Fraternity Alumni Association
Delta Phi Fraternity Alumni Association is established with a singular mission. This organization is primarily focused on holding title to property and collecting income derived from it. Their primary goal is to subsequently transfer the entire income, after deducting expenses, to a charitable organization that falls under the 501(c)(3) tax-exempt category. By doing so, Delta Phi Fraternity Alumni Association plays a crucial role in supporting non-profit initiatives, contributing to their mission and objectives. The association's objective is not to manage the property or income directly, but rather to channel it to eligible charitable organizations, thereby extending its reach and impact in various communities.
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Impact
October, 2024
The Delta Phi Fraternity Alumni Association significantly impacts its community through financial stewardship and support for educational initiatives. By managing properties and collecting income, the association ensures that funds are effectively utilized for the benefit of its affiliated 501(c)(3) organization. This structure allows for a sustainable model that maximizes the resources available for programs aimed at fostering education and professional development among members.
Moreover, the Association fosters alumni engagement, creating opportunities for networking and collaboration. This, in turn, enhances the overall experience of current fraternity members, who can benefit from the wisdom and connections of those who have previously walked the same path. Through its efforts, the Delta Phi Fraternity Alumni Association helps to build a legacy of support and excellence, contributing to the personal and professional growth of its members and the broader community.
This information is meant to be a general summary of Delta Phi Fraternity Alumni Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Gross Receipts: $458,614
Assets and Liabilities:
- Total Assets: $2,201,968
- Total Liabilities: $2,353,379
- Net Assets: -$151,411
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Organization Details
Founding Year
1920
Phone
(312) 858-7424Principal Officer
Thananuan Chariya
Main Address
2502 N CLARK 200, CHICAGO, IL, 60614
NTEE Category
Code: B00 - Education
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