Overview
What is Oregon Phi Delta Theta Foundation?
The Oregon Phi Delta Theta Foundation is a nonprofit organization with a specific purpose. It primarily serves to maintain ownership of property, generating income from it, and then distributing the total sum, after deducting expenses, to another organization that has gained exemption from federal income tax under section 501(c). This process aids in supporting the latter organization's operations.
Is Oregon Phi Delta Theta Foundation legitimate?
Oregon Phi Delta Theta Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oregon Phi Delta Theta 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: $0
Professional Fundraising Fees: $577
Other Salaries and Wages: $0
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What is the mission statement of Oregon Phi Delta Theta Foundation?
The Oregon Phi Delta Theta Foundation operates with a singular purpose. Its primary function is to hold property and generate income from it. After deducting expenses, the entire amount is then transferred to an organization that qualifies for federal income tax exemption under section 501(c). This transfer of funds is carried out to support the chosen organization's goals and initiatives. In essence, the foundation serves as a financial intermediary, channeling resources to eligible organizations to further their objectives.
Who is the CEO of Oregon Phi Delta Theta Foundation?
Kelly Delacy is the Delacy of Oregon Phi Delta Theta Foundation.
What is the revenue of Oregon Phi Delta Theta Foundation?
Oregon Phi Delta Theta Foundation's revenue in 2020 was $190,444.
Who are the executives of Oregon Phi Delta Theta Foundation and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Oregon Phi Delta Theta Foundation?
Oregon Phi Delta Theta Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Oregon Phi Delta Theta Foundation
The Oregon Phi Delta Theta Foundation, in its mission, operates with the primary objective of holding property titles and collecting associated income. Its purpose is to subsequently transfer the entire income, after deducting expenses, to an organization that qualifies for federal income tax exemption under Section 501(c). This foundation serves as a conduit, utilizing its resources to support organizations that share similar tax-exempt status, thereby contributing to their charitable endeavors.
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Impact
October, 2024
The Oregon Phi Delta Theta Foundation plays a significant role in supporting educational initiatives and community engagement efforts. By holding title to property and managing the associated income, the foundation ensures that financial resources are effectively utilized to foster growth and development within the community. The revenues generated are transferred to qualifying organizations, amplifying their ability to impact the community positively.
In Eugene, Oregon, the foundation's focus on philanthropy empowers educational programs and other charitable projects, directly enhancing the quality of life for residents. This systematic approach not only strengthens the financial stability of partnering organizations but also promotes a culture of philanthropy and collaboration, ensuring that the benefits reach a wider audience. The foundation’s commitment to collective impact exemplifies the transformative power of strategic resource management in sustaining meaningful community initiatives.
This information is meant to be a general summary of Oregon Phi Delta Theta 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 2020.
- Program Service Revenue: $190,344
- Gross Receipts: $190,444
Assets and Liabilities:
- Total Assets: $848,631
- Total Liabilities: $189,936
- Net Assets: $658,695
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$190,344
Organization Details
Founding Year
2019
Phone
(541) 484-7394Principal Officer
Kelly Delacy
Main Address
1699 OAK ST, Eugene, OR, 97401
NTEE Category
Code: T99 - Philanthropy
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