Beta Theta Pi Fraternity FY2020 filing

Not tax-deductible

Ithaca, NY501(c)(7)EIN 15-0536985

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $7K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27K
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$356K
Spent
$321K
Net assets
$31K
By yearFY2020–FY2025
Revenue
$356K
FY2020
Revenue by fiscal year
FY2020$356K
FY2021$322K
FY2022$342K
FY2023$283K
FY2024$237K
FY2025$346K
Expenses
$321K
FY2020
Expenses by fiscal year
FY2020$321K
FY2021$288K
FY2022$336K
FY2023$312K
FY2024$307K
FY2025$278K
Net assets
$31K
FY2020
Net assets by fiscal year
FY2020$31K
FY2021$65K
FY2022$71K
FY2023$42K
FY2024−$28K
FY2025$39K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1941.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Ritual Head
$0Pt VII · Sec A
Risk Management
$0Pt VII · Sec A
Pledge Educator
$0Pt VII · Sec A
Recruitment
$0Pt VII · Sec A
See Beta Theta Pi Fraternity executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Beta Theta Pi Fraternity is a member-serving organization based in Ithaca, NY.

Provided by the organization

This section is blank until Beta Theta Pi Fraternity claims this page.

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1 program service, described in the organization's own filed words · FY2019.
01

To provide room, board and fellowship to members of the college fraternity.

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$356K
Ln 12
Fees for servicesLn 2g$355K
Gifts and grantsLn 1h$1K
Money outPt IX
$321K
Ln 25
Owns and owesPt X
$31K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$59K
LiabilitiesLn 26$27K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$355K
Total revenueLn 12$356K
Assets in detailPt X, end of year
CashLn 1$13K
Cash and savings togetherLn 1–2$13K
Other assetsLn 15$26K
Total assetsLn 16$59K
LiabilitiesLn 26$27K
Net assetsLn 32$31K
OperationsPt I, VI
EmployeesI 51
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$14K$13K
Total assetsLn 16$49K$59K
LiabilitiesLn 26$53K$27K
Net assetsLn 32−$3K$31K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$883
Other salaries and wagesLn 7$28K
Payroll taxesLn 10$4K
Accounting feesLn 11c$16K
OccupancyLn 16$112K
Conferences, conventions and meetingsLn 19$6K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$111K
All other expensesLn 24e$34K
Total functional expensesLn 25$321K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $346K$278K$67K$39K 990 PDF
FY2024 $237K$307K−$71K−$28K 990 PDF
FY2023 $283K$312K−$29K$42K 990 PDF
FY2022 $342K$336K$6K$71K 990 PDF
FY2021 $322K$288K$34K$65K 990 PDF
FY2020 Viewing $356K$321K$35K$31K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $355,958 across 4 lines filed
Lines not itemized here account for $23,228 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,450
VIII-1h Total contributions, gifts and grants$1,450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $331,280$331,280
VIII-12 Total revenueRelated to mission $354,508 · Unrelated business $0 · Excluded from tax $0$355,958
Part IX · Statement of functional expenses $321,224 across 9 lines filed
IX-1 Grants to domestic organizations$883
IX-7 Other salaries and wages$28,450
IX-10 Payroll taxes$3,955
IX-11c Accounting fees$15,988
IX-16 Occupancy$111,732
IX-19 Conferences, conventions and meetings$5,596
IX-23 Insurance$9,463
IX-24 Other expenses (24a–d)$110,936
IX-24e All other expenses$34,221
IX-25 Total functional expenses$321,224
Part X · Balance sheet $58,619 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $14,215$12,817
X-4 Accounts receivableStart of year $1,925$18,872
X-9 Prepaid expenses and deferred chargesStart of year $53$1,400
X-15 Other assetsStart of year $33,041$25,530
X-16 Total assetsStart of year $49,234$58,619
X-17 Accounts payable and accrued expensesStart of year $200$2,263
X-25 Other liabilitiesStart of year $52,475$25,063
X-26 Total liabilitiesStart of year $52,675$27,326
X-32 Total net assets or fund balancesStart of year −$3,441$31,293
X-33 Total liabilities and net assetsStart of year $49,234$58,619
Part XI · Reconciliation of net assets $31,293 net assets at year end
XI-1 Total revenue$355,958
XI-2 Total expenses$321,224
XI-3 Revenue less expenses$34,734
XI-4 Net assets at start of year−$3,441
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$31,293

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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