Tier One: Financial

Financial

Dues Roster

Description of Submission:
Chapters must report graduates or other needed adjustments so member and dues records will be kept current and accurate. Dues Rosters are mailed via USPS from the Central Office to the VP‐Finance at the beginning of each fall and spring term. If a dues roster is not received by the first day of the school term, please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it for another copy.

How to Submit:
Mail updated dues roster to Central Office. No online reporting is done for this section.

Due Date:
Fall and Spring‐ Within 30 days after start of term

Responsibility:
VP‐Chapter Operations, VP‐Finance

Dues Payment

Description of Submission:
Recognition is given for prompt payment of national membership dues for each member, for each spring and fall school term.

How to Submit:
Mail payment to the Central Office along with completed dues roster. Checks should be made payable to Delta Sigma Pi.

Due Date:
Fall and Spring‐ Within 30 days after start of term

Responsibility:
VP‐Finance, VP‐Chapter Operations

Budget and Financial Statements

Description of Submission:
Financial reports must be compiled including: income statement (chapter budget for the next period, actual revenues/expenses for the period just ended) and a balance sheet for the period just ended.

How to Submit:
Online Budget and Financial Statements Submission Form

Note:
Budgets and Financial Statements must be submitted in order—fall budget, fall income statement, fall balance sheet, spring budget, spring income statement, spring balance sheet and fall (next year) budget. Once submitted, these items cannot be edited, so it is important to submit correct information. If you have issues submitting your budgets and financial statements, please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Due Date:
Fall‐ January 15
Spring‐ June 15

Responsibility:
VP‐Finance, VP‐Chapter Operations

Tax Form Submission

Description of Submission:
Although your chapter and the International Fraternity are organized on a not‐for‐profit basis, the Internal Revenue Service (IRS) and various states require the filing of income and/or informational tax returns. It is the responsibility of each chapter to meet all tax requirements as required by the applicable laws.

How to Submit:
Chapters with annual gross receipts of less than $25,000 are required to file the 990‐N (e‐Postcard) which must be completed and submitted online. More details and information about how to file can be found online at http://www.dspnet.org/site/IRS.asp. Once filed, and you receive your confirmation email, forward the confirmation email from the IRS to the Central Office at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Due Date:
October 15

Responsibility:
VP‐Finance, VP‐Chapter Operations

Annual Financial Review

Description of Submission:
An independent accounting review of the chapter’s finances for the prior fiscal year must be completed annually. The reviewer may be a CPA, a member of the school’s accounting faculty, or similar professional.

How to Submit:
Submit verification request to the Central Office, including contact information for the person that will provide verification of the review.

Due Date:
June 15

Responsibility:
VP‐Finance, VP‐Chapter Operations