Pkt Beta Beta House Corp FY2020 filing

Not tax-deductible

Louisville, KY501(c)(7)Education EIN 20-5923673Revenue $97K in FY2020Latest return filed Nov 6, 2025

On file with the IRSbetabeta.org8012 Albrecht Cir, 40241-5524 · Louisville, KYTax-exempt since Dec 2007

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Collegiate organization providing housing and scholarships to members of phi kappa tau fraternity.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $6K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$375K
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$97K
Spent
$90K
Net assets
$26K
By yearFY2020–FY2024
Revenue
$97K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$97K
FY2021$68K
FY2022$106K
FY2023$133K
FY2024$142K
Expenses
$90K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$90K
FY2021$74K
FY2022$99K
FY2023$122K
FY2024$130K
Net assets
$26K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$26K
FY2021$20K
FY2022$33K
FY2023$44K
FY2024$56K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2007.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pkt Beta Beta House Corp executive salaries →

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides housing and scholarships for Phi Kappa Tau fraternity members.

Questions for Pkt Beta Beta House Corp

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1 program · in their own filed words · FY2020
01

Housing provided to members of phi kappa tau fraternity on the university of louisville campus.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$97K
Ln 12
Fees for servicesLn 2g$86K
Gifts and grantsLn 1h$9K
Other incomeLn 4–11$2K
Money outPt IX
$90K
Ln 25
Owns and owesPt X
$26K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$401K
LiabilitiesLn 26$375K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Fees for servicesLn 2g$86K
Other incomeLn 4–11$2K
Total revenueLn 12$97K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Land, buildings, equipmentLn 10c$400K
Total assetsLn 16$401K
LiabilitiesLn 26$375K
Net assetsLn 32$26K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
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−$6K$1K
Land, buildings, equipmentLn 10c$425K$400K
Total assetsLn 16$433K$401K
LiabilitiesLn 26$420K$375K
Net assetsLn 32$14K$26K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K
OccupancyLn 16$22K
InterestLn 20$22K
Depreciation, depletion and amortizationLn 22$27K
Other expenses (24a–d)Ln 24$15K
Total functional expensesLn 25$90K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 6, 2025 $142K$130K$12K$56K 990 PDF
FY2023Filed with the IRS Oct 9, 2024 $133K$122K$11K$44K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $106K$99K$7K$33K 990 PDF
FY2021Filed with the IRS Nov 9, 2022 $68K$74K−$6K$20K 990 PDF
FY2020 ViewingFiled with the IRS Nov 10, 2021 $97K$90K$7K$26K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $96,768 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $37,851$8,739
I-9 Program service revenuePrior year $74,863$86,125
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $175$1,904
I-12 Total revenuePrior year $112,889$96,768
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $99,020$90,006
I-18 Total expensesPrior year $99,020$90,006
I-19 Revenue less expensesPrior year $13,869$6,762
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $96,768 across 5 lines filed
VIII-1f All other contributions, gifts and grants$8,739
VIII-1h Total contributions, gifts and grants$8,739
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $86,125$86,125
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,904$1,904
VIII-12 Total revenueRelated to mission $88,029 · Unrelated business $0 · Excluded from tax $0$96,768
Part IX · Statement of functional expenses $90,006 across 5 lines filed
IX-11c Accounting fees$3,950
IX-16 Occupancy$21,804
IX-20 Interest$22,249
IX-22 Depreciation, depletion and amortization$27,452
IX-24 Other expenses (24a–d)$14,551
IX-25 Total functional expenses$90,006
Part X · Balance sheet $401,171 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year −$5,575$1,200
X-4 Accounts receivableStart of year $14,190$0
X-10c Land, buildings and equipment, netStart of year $424,718$399,971
X-16 Total assetsStart of year $433,333$401,171
X-24 Unsecured notes and loans payableStart of year $20,000$20,000
X-25 Other liabilitiesStart of year $20,055$0
X-26 Total liabilitiesStart of year $419,800$375,011
X-27 Net assets without donor restrictionsStart of year $13,533$26,160
X-32 Total net assets or fund balancesStart of year $13,533$26,160
X-33 Total liabilities and net assetsStart of year $433,333$401,171
Part XI · Reconciliation of net assets $26,160 net assets at year end
XI-1 Total revenue$96,768
XI-2 Total expenses$90,006
XI-3 Revenue less expenses$6,762
XI-4 Net assets at start of year$13,533
XI-9 Other changes in net assets$5,865
XI-10 Net assets at end of year$26,160

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

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