Overview
What is Michigan Delta Foundation Inc?
Michigan Delta Foundation Inc, based near the University of Michigan, is a nonprofit organization with charitable, educational, and scientific purposes. As per Section 501(c)(7) of the Internal Revenue Code, its primary mission is to provide a clean and secure fraternity house for the Delta Tau Delta Chapter of the University of Michigan. The foundation's activities extend beyond housing, offering educational support to its members through initiatives such as alumni relations. The foundation operates with the aim of not benefiting any private shareholder and adheres to the rules of Section 501(c)(7) of the Internal Revenue Code.
Is Michigan Delta Foundation Inc legitimate?
Michigan Delta Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Michigan Delta 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.
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What is the mission statement of Michigan Delta Foundation Inc?
Michigan Delta Foundation Inc. is established for charitable, educational, and scientific purposes, as defined by Section 501(C)(7) of the Internal Revenue Code. Its primary objective is to provide educational support to members of the Delta Chapter of Delta Tau Delta and manage housing facilities near a university. The foundation ensures its tax-exempt status under Section 501(C)(7) of the Internal Revenue Code and operates within the permitted parameters of this section. No profits from the foundation's activities benefit private shareholders or individuals. Moreover, Michigan Delta Foundation Inc. does not attempt to influence legislation as a substantial part of its activities, and it does not engage in campaign activities for or against political candidates.
Who is the CEO of Michigan Delta Foundation Inc?
Bruce Courtade is the President/Director of Michigan Delta Foundation Inc.
What is the revenue of Michigan Delta Foundation Inc?
Michigan Delta Foundation Inc's revenue in 2022 was $321,449.
Who are the executives of Michigan Delta Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Michigan Delta Foundation Inc?
Michigan Delta Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Michigan Delta Foundation Inc
Michigan Delta Foundation Inc, organized under Section 501(C)(7) of the Internal Revenue Code, is committed to serving charitable, educational, and scientific purposes. The foundation primarily provides educational support to members of the Delta Chapter of Delta Tau Delta at the University of Michigan, and manages housing facilities in proximity to the university. The Michigan Delta Foundation's main objective is to maintain a safe and clean fraternity house for rental to these chapter members. In line with its charitable mission, the foundation ensures that no part of its earnings benefit any private shareholder or individual, and it does not attempt to influence legislation as a substantial part of its activities. The Michigan Delta Foundation, Inc., is dedicated to upholding its purpose by conducting all activities incidental or necessary to achieve its objectives, as permitted under Section 501(C)(7) of the Internal Revenue Code.
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Impact
October, 2024
Michigan Delta Foundation Inc. plays a vital role in enhancing the collegiate experience for members of the Delta Tau Delta Chapter at the University of Michigan. By providing a safe and clean fraternity house, the foundation ensures that students have access to a conducive living environment that fosters community and support.
The foundation extends its impact through various programs aimed at educational support and alumni relations. This commitment not only helps current members engage in academic and social pursuits but also strengthens the bonds among alumni, contributing to a thriving network that benefits all members.
Additionally, by managing housing facilities near the campus, Michigan Delta Foundation Inc. alleviates housing pressures for students while promoting a sense of belonging and security. This foundation is dedicated to maintaining high standards in living conditions, which is essential for the holistic development of its members during their college years. In essence, the foundation facilitates a nurturing environment that enhances educational and personal growth for Delta Tau Delta members at the University of Michigan.
This information is meant to be a general summary of Michigan Delta 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $157
- Program Service Revenue: $308,293
- Gross Receipts: $321,449
Assets and Liabilities:
- Total Assets: $676,495
- Total Liabilities: $190,699
- Net Assets: $485,796
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$308,293
Organization Details
Founding Year
1947
Phone
(734) 997-9777Principal Officer
Bruce Courtade
Main Address
6921 JACKSON ROAD 100, ANN ARBOR, MI, 48103
NTEE Category
Code: N50 - Recreation
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