Overview
What is Delta Chi Educational Foundation?
The Delta Chi Educational Foundation is a nonprofit organization headquartered in Indianapolis, Indiana. Its primary mission is to foster financial resources for the Delta Chi fraternity, contributing to their role in promoting academic excellence. This is achieved through managing and stewarding funds, which are mainly allocated towards expenses considered educational by the Internal Revenue Service. These expenses encompass areas such as design and construction, maintenance of study rooms, libraries, computer rooms, leadership training facilities, utilities, and educational storage spaces. Donations to the foundation are tax-deductible. The foundation's activities are geared towards supporting the fraternity's educational initiatives, thereby contributing to the overall development of its members. With a workforce of three individuals, the Delta Chi Educational Foundation plays a significant role in shaping the educational experiences of its associated fraternity.
Official website here: www.dcef.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Delta Chi Educational Foundation has received a Two-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 60%. This rating highlights deficiencies in the organization's accountability and financial practices, particularly concerning its program expense ratio, which stands at only 37.47%. While the foundation demonstrates strong governance with 100% independent board members and fully listed policies on conflict of interest and whistleblower protections, these factors are overshadowed by its low financial efficiency.
Strengths of the organization include a fully independent board of directors and a robust oversight framework, with positive marks for its audit and oversight committee and the absence of material diversion of assets. The organization also follows transparency practices, making pertinent documents available on its website. However, the high liabilities to assets ratio indicates potential financial instability, raising concerns about the foundation's ability to effectively utilize its resources towards its educational mission.
In summary, while the Delta Chi Educational Foundation has a solid governance structure, the low program expense ratio and financial efficiency suggest that it needs to enhance its operational effectiveness to better serve its mission. Further improvements in resource allocation could help elevate its standing and impact within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Delta Chi Educational Foundation legitimate?
Delta Chi Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delta Chi Educational Foundation 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: $51,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,821
For more financial information, click here
Official website here: www.dcef.com
What is the mission statement of Delta Chi Educational Foundation?
The Delta Chi Educational Foundation's mission is centered around supporting the Delta Chi Fraternity's role in promoting quality education. This is achieved by managing and stewarding financial resources effectively. Specifically, the foundation provides grants for educational expenses related to fraternity housing, such as design and construction costs, maintenance of study rooms, libraries, computer rooms, leadership training rooms, utilities, and educational storage spaces. Donations made to these educational accounts are tax-deductible.
Official website here: www.dcef.com
Who is the CEO of Delta Chi Educational Foundation?
Rod Arnold is the President of Delta Chi Educational Foundation.
Official website here: www.dcef.com
What is the revenue of Delta Chi Educational Foundation?
Delta Chi Educational Foundation's revenue in 2022 was $4,002,196.
Official website here: www.dcef.com
Who are the executives of Delta Chi Educational Foundation and what are their salaries?
The average compensation at Delta Chi Educational Foundation during 2022 was $64,829. There are 3 employees and 37 volunteers at Delta Chi Educational Foundation.
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Official website here: www.dcef.com
Where can I find the form 990 for Delta Chi Educational Foundation?
Delta Chi Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dcef.com
Learn more at the official website: www.dcef.com
Mission Statement of Delta Chi Educational Foundation
The Delta Chi Educational Foundation's mission is centered around supporting the Delta Chi Fraternity in its endeavor to foster the acquisition of a well-rounded education. In essence, the foundation's role is to manage and steward financial resources to uphold the fraternity's educational objectives. This support extends to expenses deemed educational by the Internal Revenue Service, encompassing design and construction of fraternity housing, maintenance of study rooms, libraries, computer rooms, leadership training facilities, utilities, and educational storage spaces. Contributions to these educational expenses are eligible for tax deductions.
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Impact
July, 2024
Delta Chi Educational Foundation plays a vital role in supporting the Delta Chi Fraternity's mission to promote the acquisition of a sound education. By developing, managing, and stewarding financial resources, the foundation provides grants for fraternity housing expenses that are deemed educational by the IRS. These expenses encompass various aspects such as design and construction, maintenance for study rooms, libraries, computer rooms, leadership training rooms, utilities, and educational storage rooms. Through tax-deductible donations to its accounts, the foundation enables Delta Chi to enhance educational opportunities for its members, ultimately making a significant impact on their academic pursuits and personal development.
This information is meant to be a general summary of Delta Chi Educational Foundation. 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: -$8,080
- Gross Receipts: $6,143,625
Assets and Liabilities:
- Total Assets: $6,730,967
- Total Liabilities: $16,490
- Net Assets: $6,714,477
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Organization Details
Founding Year
1954
Phone
(463) 207-7234Principal Officer
Rod Arnold
Main Address
3845 N MERIDIAN STREET, INDIANAPOLIS, IN, 46208
Website
www.dcef.comNTEE Category
Code: B83Z - Education
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