TY 2012 Form 990 Schedule O

efile Public Visual Render ObjectId: 201430439349300903 - Submission: 2014-02-12 TIN: 31-1020203

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2012

Open to Public
Inspection

Name of the organization

DELTA TAU DELTA EDUCATIONAL FOUNDATION INC

Employer identification number

31-1020203

Identifier	Return Reference	Explanation
RELATIONSHIP TO OTHER ORGANIZATIONS	FORM 990, PART IV, LINE 34	DELTA TAU DELTA FRATERNITY AND DELTA TAU DELTA NATIONAL HOUSING CORPORATION ARE LEGALLY SEPARATE ENTITIES AND WERE SHOWN AS RELATED ORGANIZATIONS ON PRIOR RETURNS. AMENDED BYLAWS WERE FILED BY THE FOUNDATION NOVEMBER 10, 2012 TO LIMIT THE NUMBER OF BOARD MEMBERS SERVING FROM THE FRATERNITY FROM FIVE TO TWO. THIS CHANGE MEANS THE ORGANIZATIONS ARE NO LONGER CONSIDERED RELATED BY THE DEFINITIONS USED BY FORM 990, SCHEDULE R. DOCUMENT MEETINGS BY COMMITTEES ACTING ON BEHALF OF GOVERNING BODY FORM 990, PART VI, QUESTION 8B THIS QUESTION DOES NOT APPLY TO THE ORGANIZATION BECAUSE THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
PROCESS TO REVIEW THE FORM 990	FORM 990, PART VI, QUESTION 11B	THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT, AN INDEPENDENT ACCOUNTING FIRM, AND THE ORGANIZATION'S AUDIT COMMITTEE. THE FINAL FORM IS THEN SENT ELECTRONICALLY TO THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS.
PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY	FORM 990, PART VI, QUESTION 12C	THE CONFLICT OF INTEREST POLICY STATES THAT NO DIRECTOR OR MEMBER OF A BOARD COMMITTEE SHALL USE THEIR POSITION OR KNOWLEDGE GAINED THERE FROM IN SUCH A MANNER THAT A CONFLICT BETWEEN THE INTEREST OF THE ORGANIZATION AND HIS OR HER PRIVATE INTEREST ARISES. THE CONDUCT OF PERSONAL BUSINESS OR THE ENTERING INTO SUCH A TRANSACTION BETWEEN ANY DIRECTOR OR BOARD COMMITTEE MEMBER AND THE FOUNDATION IS PROHIBITED UNLESS SUCH BUSINESS OR TRANSACTION IS FULLY DISCLOSED TO THE BOARD OF DIRECTORS AND THEN ONLY IF SUCH BUSINESS OR TRANSACTIONS IS APPROVED BY THE BOARD OF DIRECTORS. ANY DIRECTOR OR BOARD COMMITTEE MEMBER WHO IS AWARE OF A POTENTIAL CONFLICT OF INTEREST IS OBLIGATED TO DISCLOSE SUCH TO THE ENTIRE BOARD. TO IMPLEMENT THE POLICY, BOARD MEMBERS AND BOARD COMMITTEE MEMBERS WILL SUBMIT ANNUAL REPORTS ON A FORM APPROVED BY THE BOARD, AND IF NOT PREVIOUSLY DISCLOSED, WILL DISCLOSE ANY CONFLICT OR POTENTIAL CONFLICT BEFORE ANY ADDITIONAL BOARD ACTION IS TAKEN. THESE ANNUAL REPORTS WILL BE REVIEWED IN DETAIL BY THE OFFICERS OF THE BOARD WHO WILL ATTEMPT TO RESOLVE ANY ACTUAL OR POTENTIAL CONFLICT AND, IN THE ABSENCE OF A RESOLUTION, WILL REFER ALL SUCH MATTERS TO THE FULL BOARD OF DIRECTORS.
REVIEW OF CEO OR TOP MGMT OFFICIAL COMPENSATION	FORM 990, PART VI, QUESTION 15A	THE EXECUTIVE COMMITTEE REVIEWS PERFORMANCE CRITERIA AND COMPENSATION FOR THE EXECUTIVE VICE PRESIDENT. THE ORGANIZATION COLLECTED COMPENSATION DATA FROM PUBLISHED 990 REPORTS OF THE 4-5 PEER FOUNDATIONS WHO HAVE SIMILAR SIZE FOUNDATIONS, ASSETS, PROGRAMS AND STAFFING CONFIGURATIONS PRIOR TO HIRING THE EXECUTIVE VICE PRESIDENT IN SEPTEMBER 2012. THE FINDINGS OF THESE MEETINGS ARE DOCUMENTED IN THE COMMITTEE MINUTES.
REVIEW OF OTHER OFFICER OR KEY EMPLOYEES COMPENSATION	FORM 990, PART VI, QUESTION 15B	THE EXECUTIVE COMMITTEE REVIEWS PERFORMANCE CRITERIA AND COMPENSATION FOR THE VICE-PRESIDENT, ADMINISTRATION. THE ORGANIZATION REGULARLY COLLECTS COMPENSATION DATA FROM PUBLISHED 990 REPORTS OF THE 4-5 PEER FOUNDATIONS WHO HAVE SIMILAR SIZE FOUNDATIONS, ASSETS, PROGRAMS AND STAFFING CONFIGURATIONS. THIS PROCESS WAS LAST UNDERTAKEN IN AUGUST 2012 AND IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES.
GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC	FORM 990, PART VI, QUESTION 19	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
OTHER CHANGES IN NET ASSETS	FORM 990, PART XI, LINE 5	BAD DEBTS EXPENSE ($ 11,777) CHANGES IN VALUE OF TRUSTS ($ 35,049) TOTAL ($ 46,826)

Identifier

Return Reference

Explanation

RELATIONSHIP TO OTHER ORGANIZATIONS

FORM 990, PART IV, LINE 34

DELTA TAU DELTA FRATERNITY AND DELTA TAU DELTA NATIONAL HOUSING CORPORATION ARE LEGALLY SEPARATE ENTITIES AND WERE SHOWN AS RELATED ORGANIZATIONS ON PRIOR RETURNS. AMENDED BYLAWS WERE FILED BY THE FOUNDATION NOVEMBER 10, 2012 TO LIMIT THE NUMBER OF BOARD MEMBERS SERVING FROM THE FRATERNITY FROM FIVE TO TWO. THIS CHANGE MEANS THE ORGANIZATIONS ARE NO LONGER CONSIDERED RELATED BY THE DEFINITIONS USED BY FORM 990, SCHEDULE R. DOCUMENT MEETINGS BY COMMITTEES ACTING ON BEHALF OF GOVERNING BODY FORM 990, PART VI, QUESTION 8B THIS QUESTION DOES NOT APPLY TO THE ORGANIZATION BECAUSE THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.

PROCESS TO REVIEW THE FORM 990

FORM 990, PART VI, QUESTION 11B

THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT, AN INDEPENDENT ACCOUNTING FIRM, AND THE ORGANIZATION'S AUDIT COMMITTEE. THE FINAL FORM IS THEN SENT ELECTRONICALLY TO THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS.

PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY

FORM 990, PART VI, QUESTION 12C

THE CONFLICT OF INTEREST POLICY STATES THAT NO DIRECTOR OR MEMBER OF A BOARD COMMITTEE SHALL USE THEIR POSITION OR KNOWLEDGE GAINED THERE FROM IN SUCH A MANNER THAT A CONFLICT BETWEEN THE INTEREST OF THE ORGANIZATION AND HIS OR HER PRIVATE INTEREST ARISES. THE CONDUCT OF PERSONAL BUSINESS OR THE ENTERING INTO SUCH A TRANSACTION BETWEEN ANY DIRECTOR OR BOARD COMMITTEE MEMBER AND THE FOUNDATION IS PROHIBITED UNLESS SUCH BUSINESS OR TRANSACTION IS FULLY DISCLOSED TO THE BOARD OF DIRECTORS AND THEN ONLY IF SUCH BUSINESS OR TRANSACTIONS IS APPROVED BY THE BOARD OF DIRECTORS. ANY DIRECTOR OR BOARD COMMITTEE MEMBER WHO IS AWARE OF A POTENTIAL CONFLICT OF INTEREST IS OBLIGATED TO DISCLOSE SUCH TO THE ENTIRE BOARD. TO IMPLEMENT THE POLICY, BOARD MEMBERS AND BOARD COMMITTEE MEMBERS WILL SUBMIT ANNUAL REPORTS ON A FORM APPROVED BY THE BOARD, AND IF NOT PREVIOUSLY DISCLOSED, WILL DISCLOSE ANY CONFLICT OR POTENTIAL CONFLICT BEFORE ANY ADDITIONAL BOARD ACTION IS TAKEN. THESE ANNUAL REPORTS WILL BE REVIEWED IN DETAIL BY THE OFFICERS OF THE BOARD WHO WILL ATTEMPT TO RESOLVE ANY ACTUAL OR POTENTIAL CONFLICT AND, IN THE ABSENCE OF A RESOLUTION, WILL REFER ALL SUCH MATTERS TO THE FULL BOARD OF DIRECTORS.

REVIEW OF CEO OR TOP MGMT OFFICIAL COMPENSATION

FORM 990, PART VI, QUESTION 15A

THE EXECUTIVE COMMITTEE REVIEWS PERFORMANCE CRITERIA AND COMPENSATION FOR THE EXECUTIVE VICE PRESIDENT. THE ORGANIZATION COLLECTED COMPENSATION DATA FROM PUBLISHED 990 REPORTS OF THE 4-5 PEER FOUNDATIONS WHO HAVE SIMILAR SIZE FOUNDATIONS, ASSETS, PROGRAMS AND STAFFING CONFIGURATIONS PRIOR TO HIRING THE EXECUTIVE VICE PRESIDENT IN SEPTEMBER 2012. THE FINDINGS OF THESE MEETINGS ARE DOCUMENTED IN THE COMMITTEE MINUTES.

REVIEW OF OTHER OFFICER OR KEY EMPLOYEES COMPENSATION

FORM 990, PART VI, QUESTION 15B

THE EXECUTIVE COMMITTEE REVIEWS PERFORMANCE CRITERIA AND COMPENSATION FOR THE VICE-PRESIDENT, ADMINISTRATION. THE ORGANIZATION REGULARLY COLLECTS COMPENSATION DATA FROM PUBLISHED 990 REPORTS OF THE 4-5 PEER FOUNDATIONS WHO HAVE SIMILAR SIZE FOUNDATIONS, ASSETS, PROGRAMS AND STAFFING CONFIGURATIONS. THIS PROCESS WAS LAST UNDERTAKEN IN AUGUST 2012 AND IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES.

GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC

FORM 990, PART VI, QUESTION 19

GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

OTHER CHANGES IN NET ASSETS

FORM 990, PART XI, LINE 5

BAD DEBTS EXPENSE ($ 11,777) CHANGES IN VALUE OF TRUSTS ($ 35,049) TOTAL ($ 46,826)

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2012

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