2025-05-13T09:56:00-05:00 2024-06-30 311119890 Barnes Dennig & Co LTD 150 East Fourth Street Cincinnati OH 45202 990 2024-01-01 311469468 Walter B Palmer Foundation Inc WALT 5135236345 2 South Campus Avenue Oxford OH 45056 Jesse Moyer Corporate Secretary 5135236345 2025-05-12 1 1 Paula Hume P00537516 5132418313 2025-05-12 2024 2025-03-06 01:10:19Z Bartholomew F Reuter 2 South Campus Avenue Oxford OH 45056 247813 0 X N/A X 1924 OH The purpose of the Walter B. Palmer Foundation, Inc. is to assist Phi Delta Theta House Corporations and Phi Delta Theta General Fraternity by providing financial capital for acquisition of the chapter houses, improving and updating current chapter houses including life safety improvement, and preserving prime property locations at which no Phi Delta Theta Chapter is currently located, as well as providing support for fundraising projects to support the above activities. The Foundation should follow investment practices that further its capital strength in order to pursue the above goals, and for betterment of the Phi Delta Theta International Fraternity. 3 3 0 8 52007 0 0 0 271237 190586 153132 50332 2942 5220 427311 246138 100000 209937 0 0 54902 20159 0 0 0 69769 53232 224671 283328 202640 -37190 11105641 11275709 86436 80773 11019205 11194936 X The purpose of the Walter B. Palmer Foundation, Inc. is to assist Phi Delta Theta House Corporations and Phi Delta Theta General Fraternity by providing financial capital for acquisition of the chapter houses, improving and updating current chapter houses including life safety improvement, and preserving prime property locations at which no Phi Delta Theta Chapter is currently located, as well as providing support for fundraising projects to support the above activities. The Foundation should follow investment practices that further its capital strength in order to pursue the above goals, and for betterment of the Phi Delta Theta International Fraternity. 0 0 Providing financial capital for acquisition of chapter houses, improving and updating current chapter houses including life safety improvements, and preserving prime property locations at which no Phi Delta Theta chapter is currently located as well as providing support for fundraising projects to support those activities. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 OH X Thomas A Shumate 5135236345 2 South Campus Ave Oxford OH 45056 X Bartholomew F Reuter President 4.00 X X 0 0 0 Christopher M Job Director 4.00 X 0 0 0 Tucker D Lee Director 4.00 X 0 0 0 0 0 0 Risk Management Income 900003 126201 126201 Chapter Loan Interest 900001 64385 64385 190586 52007 52007 1675 -1675 -1675 -1675 Miscellaneous income 900099 5220 5220 5220 246138 195806 52007 -1675 209937 20159 22600 51 1000 3258 6944 917 Property Taxes 9304 Bad Debt Expense 7489 Rental Property Expense 1625 Postage and Delivery 44 283328 950406 529519 2251341 2405279 1393802 1442354 20358 18889 2386 1469 5687123 6057887 820583 839201 11105641 11275709 8342 7692 51228 51241 26866 21840 86436 80773 X 11019205 11194936 11019205 11194936 11105641 11275709 X -37190 341001 -128080 X X 0 1 X 1 0 0 51228 13 51241 1 X 20358 18889 1469 1469 Investment in James R Favor & Company, LLC 839201 C 839201 Payable to Phi Delta Theta Fraternity 21840 21840 X 459059 341001 341001 118058 128080 128080 246138 283328 0 283328 0 283328 Part IV, Line 2b: The Foundation holds cash for other parties in an agency relationship. Part X, Line 2: The foundation is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of Ohio law. Additionally, the LLC is a limited liability company, and the tax status of the Foundation extends down to the LLC. As such, the LLC is also exempt from income taxes. However, the Foundation is required to file Federal Form 990 - Return of Organization Exempt from Income Tax, which is an information return only. The Foundation's IRS Form 990 is subject to review and examination by federal and state authorities. The Foundation believes it has appropriate support for any tax positions taken, and therefore, does not have any uncertain income tax positions that are material to the consolidated financial statements. Part XI, Line 4b - Other Adjustments: Flow Through K-1 Tax difference 128,080. 0 Pallas Athena Holdings S Campus Ave Oxford OH 45056 834618353 501(c)(2) 169937 0 Housing North Hall Properties S Campus Ave Oxford OH 45056 841891768 501(c)(7) 25000 0 Housing Phi Delta Thata Fraternity Texas Gamma 1002 Mackenzie St Georgetown TX 78626 311059893 501(c)(7) 15000 0 Housing 0 3 Form 990, Part VI, Section A, line 7a The trustees are members and have the power to elect the governing body. Form 990, Part VI, Section A, line 7b The Phi Delta Theta General Council has some authority over certain sections of the bylaws. Form 990, Part VI, Section B, line 11b The organization's Form 990 is reviewed by the Board of Trustees prior to filing of the form with the IRS. Form 990, Part VI, Section B, line 12c The activities of the organization typically do not involve situations that would give rise to conflicts of interest. Should a potential conflict arise, the trustees are actively involved in the activities of the organization and they would review the transaction. Form 990, Part VI, Section C, line 19 The governing documents, policies and financial statements of the organization are available for public inspection upon request at the organization's office. Form 990, Part XI, line 9: K-1 Flow through income -128,080. Form 990, Part XII, Line 2C No changes in process from the prior year. Walter B Palmer Foundation LLC 2 South Campus Avenue Oxford OH 45056 821734209 Property Mangement FL Walter B Palmer Foundation Inc