Beta Theta Pi Fraternity FY2022 filing

Not tax-deductible

Ithaca, NY501(c)(7)EIN 15-0536985Revenue $342K in FY2022

On file with the IRSbetadelta.org410 E Upland Rd Ste 1, 14850-2551 · Ithaca, NYTax-exempt since Feb 1941

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FY2022 · 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
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$42K
37% of total assets
Looks good: liabilities are 37% 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
$342K
+6% vs prior year
Spent
$336K
Net assets
$71K
By yearFY2020–FY2025
Revenue
$342K
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$356K
FY2021$322K
FY2022$342K
FY2023$283K
FY2024$237K
FY2025$346K
Expenses
$336K
FY2022▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$321K
FY2021$288K
FY2022$336K
FY2023$312K
FY2024$307K
FY2025$278K
Net assets
$71K
FY2022▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$31K
FY2021$65K
FY2022$71K
FY2023$42K
FY2024−$28K
FY2025$39K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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 (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$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

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1 program · in their own filed words · FY2021
01

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

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$342K
Ln 12
Fees for servicesLn 2g$342K
Investment incomeLn 3$46
Money outPt IX
$336K
Ln 25
Owns and owesPt X
$71K
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$113K
LiabilitiesLn 26$42K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$342K
Investment incomeLn 3$46
Total revenueLn 12$342K
Assets in detailPt X, end of year
CashLn 1$60K
Cash and savings togetherLn 1–2$60K
Other assetsLn 15$52K
Total assetsLn 16$113K
LiabilitiesLn 26$42K
Net assetsLn 32$71K
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 FY22End FY22
Cash and savingsLn 1–2$62K$60K
Total assetsLn 16$99K$113K
LiabilitiesLn 26$34K$42K
Net assetsLn 32$65K$71K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$90
Other salaries and wagesLn 7$36K
Payroll taxesLn 10$5K
Accounting feesLn 11c$16K
OccupancyLn 16$122K
Conferences, conventions and meetingsLn 19$3K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$115K
All other expensesLn 24e$30K
Total functional expensesLn 25$336K

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 Viewing $342K$336K$6K$71K 990 PDF
FY2021 $322K$288K$34K$65K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $341,918 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000$0
I-9 Program service revenuePrior year $313,949$341,872
I-10 Investment incomePrior year $0$46
I-11 Other revenuePrior year $7,000$0
I-12 Total revenuePrior year $321,949$341,918
I-13 Grants and similar amounts paidPrior year $920$90
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $40,096$41,385
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $247,214$294,306
I-18 Total expensesPrior year $288,230$335,781
I-19 Revenue less expensesPrior year $33,719$6,137
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $341,918 across 3 lines filed
Lines not itemized here account for $18,386 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $323,486$323,486
VIII-3 Investment incomeExcluded from tax $46$46
VIII-12 Total revenueRelated to mission $341,872 · Unrelated business $0 · Excluded from tax $46$341,918
Part IX · Statement of functional expenses $335,781 across 9 lines filed
IX-1 Grants to domestic organizations$90
IX-7 Other salaries and wages$36,254
IX-10 Payroll taxes$5,131
IX-11c Accounting fees$16,400
IX-16 Occupancy$122,048
IX-19 Conferences, conventions and meetings$3,488
IX-23 Insurance$7,482
IX-24 Other expenses (24a–d)$114,796
IX-24e All other expenses$30,092
IX-25 Total functional expenses$335,781
Part X · Balance sheet $112,748 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $61,866$60,463
X-4 Accounts receivableStart of year $18$18
X-9 Prepaid expenses and deferred chargesStart of year $1,805$26
X-15 Other assetsStart of year $35,809$52,241
X-16 Total assetsStart of year $99,498$112,748
X-17 Accounts payable and accrued expensesStart of year $6,847$2,035
X-25 Other liabilitiesStart of year $27,640$39,565
X-26 Total liabilitiesStart of year $34,487$41,600
X-32 Total net assets or fund balancesStart of year $65,011$71,148
X-33 Total liabilities and net assetsStart of year $99,498$112,748
Part XI · Reconciliation of net assets $71,148 net assets at year end
XI-1 Total revenue$341,918
XI-2 Total expenses$335,781
XI-3 Revenue less expenses$6,137
XI-4 Net assets at start of year$65,011
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$71,148

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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