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Beta Alpha Psi National Council FY2021 filing

Tax-deductible

Bowling Green, KY501(c)(3) EIN 23-7046830Revenue $1.2M in FY2021

On file with the IRSbap.org1906 College Heights Blvd, 42101-1000 · Bowling Green, KYTax-exempt since Feb 1974Publicly supported — 509(a)(2)

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Beta Alpha Psi is an international honorary and service organization for accounting, finance and information systems students at aacsb- or equis-accredited universities. IT provides opportunities for development of technical and professional skills to complement university education; participation in community service; and interaction among students, faculty and professionals.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
3 of 6
filings with a surplus
Average surplus $48K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
42 mo
of spending, in cash
Looks good: 41.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$413K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-28% vs prior year
Spent
$761K
To programs
51%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$1.2M
FY2021▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.2M
FY2022$1.2M
FY2023$1.4M
FY2024$1.6M
FY2025$1.7M
Expenses
$761K
FY2021▼ -58%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$761K
FY2022$847K
FY2023$1.6M
FY2024$1.8M
FY2025$1.6M
Net assets
$2.5M
FY2021▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.5M
FY2022$2.8M
FY2023$2.7M
FY2024$2.4M
FY2025$2.5M

From the FY2021 Form 990 (year ending April 2021) · see the original

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You’re viewing the FY2021 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 1974.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $387K Management & general 49% · $374K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Rita Grant
President
$0Pt VII · Sec A
Scott McQuillan
President-Elect
$0Pt VII · Sec A
Brian McGuire
Past President
$0Pt VII · Sec A
Alexandra Miller CPA
Outgoing Past President
$0Pt VII · Sec A
Raymond Elson
Director of Administration
$0Pt VII · Sec A
Scott Hobson
Outgoing Director of Administration
$0Pt VII · Sec A
Michael Brown
Professional Partners Chair
$0Pt VII · Sec A
Valerie Wendt
Professional Chair-Elect
$0Pt VII · Sec A
See Beta Alpha Psi National Council 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

Recognizes and develops accounting, finance, and information systems students through professional development, community service, and networking opportunities at accredited universities.

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Provided by the organization

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1 program · $387K · in their own filed words · FY2020
01

Local and national chapters provide encouragement and recognition to members for scholastic and professional excellence in the field of accounting, finance and information systems through various awards and programs.

$387Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Ernst & Young FoundationFY2023$13K
Total grants receivedfrom 1 funder$13K
Grants paid · 16 grants · $430K · 2019–2024
Heart of Florida United WayFL · FY2024$60,000
Unitemized GrantFY2024$20,000
Unitemized GrantFY2024$4,500
Unitemized GrantFY2024$3,150
United Way of Southern Nevada INCNV · FY2023$64,000
Unitemized GrantFY2023$20,000
Unitemized GrantFY2023$4,750
Unitemized GrantFY2023$3,000
Heart of Florida United WayFL · FY2022$85,000
Unitemized GrantFY2022$20,000
Unitemized GrantFY2022$7,675
Unitemized GrantFY2021$20,000
Pack Shack of Northwest ArkansasAR · FY2021$9,155
Unitemized GrantFY2020$20,000
United Way of the National Capital AreaVA · FY2019$59,000
Unitemized GrantFY2019$30,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$972K
Fees for servicesLn 2g$175K
Investment incomeLn 3$13K
Money outPt IX
$761K
Ln 25
Programscol B$387K
Managementcol C$374K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$2.9M
LiabilitiesLn 26$413K
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$972K
Fees for servicesLn 2g$175K
Investment incomeLn 3$13K
Other incomeLn 4–11$6K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$2.4M
SavingsLn 2$250K
Cash and savings togetherLn 1–2$2.6M
InvestmentsLn 11–13$100K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$2.9M
LiabilitiesLn 26$413K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6400
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.3M$2.6M
InvestmentsLn 11–13$850K$100K
Land, buildings, equipmentLn 10c$8K$9K
Total assetsLn 16$3.2M$2.9M
LiabilitiesLn 26$1.2M$413K
Net assetsLn 32$2.1M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$163K$163K
Grants to domestic individualsLn 2$20K$20K
Grants and assistance to foreign recipientsLn 3$14K$14K
Management feesLn 11a$387K$141K$246K
Legal feesLn 11b$2K$2K
Other fees for servicesLn 11g$29K$29K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$31K$23K$8K
Information technologyLn 14$36K$36K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$47K$47K
Other expenses (24a–d)Ln 24$26K$26K
Total functional expensesLn 25$761K$387K$374K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.7M$1.6M$101K$2.5M 990 PDF
FY2024 $1.6M$1.8M−$230K$2.4M 990 PDF
FY2023 $1.4M$1.6M−$143K$2.7M 990 PDF
FY2022 $1.2M$847K$354K$2.8M 990 PDF
FY2021 Viewing $1.2M$761K$404K$2.5M 990 PDF
FY2020 $1.6M$1.8M−$200K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,165,171 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,048,270$971,689
I-9 Program service revenuePrior year $539,640$175,107
I-10 Investment incomePrior year $31,986$12,563
I-11 Other revenuePrior year $3,637$5,812
I-12 Total revenuePrior year $1,623,533$1,165,171
I-13 Grants and similar amounts paidPrior year $287,722$197,008
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 $1,535,529$564,309
I-18 Total expensesPrior year $1,823,251$761,317
I-19 Revenue less expensesPrior year −$199,718$403,854
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,165,171 across 7 lines filed
VIII-1b Membership dues$548,502
VIII-1f All other contributions, gifts and grants$423,187
VIII-1h Total contributions, gifts and grants$971,689
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $175,107$175,107
VIII-3 Investment incomeExcluded from tax $12,563$12,563
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,812$5,812
VIII-12 Total revenueRelated to mission $180,919 · Unrelated business $0 · Excluded from tax $12,563$1,165,171
Part IX · Statement of functional expenses $761,317 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $162,883$162,883
IX-2 Grants to domestic individualsPrograms $20,000$20,000
IX-3 Grants and assistance to foreign recipientsPrograms $14,125$14,125
IX-11a Management feesPrograms $141,497 · Management $245,614$387,111
IX-11b Legal feesManagement $2,223$2,223
IX-11g Other fees for servicesManagement $28,949$28,949
IX-12 Advertising and promotionManagement $1,475$1,475
IX-13 Office expensesPrograms $22,684 · Management $8,332$31,016
IX-14 Information technologyManagement $35,777$35,777
IX-22 Depreciation, depletion and amortizationManagement $4,656$4,656
IX-23 InsuranceManagement $47,224$47,224
IX-24 Other expenses (24a–d)Programs $25,878$25,878
IX-25 Total functional expensesPrograms $387,067 · Management $374,250 · Fundraising $0$761,317
Part X · Balance sheet $2,875,360 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,099,055$2,389,098
X-2 Savings and temporary cash investmentsStart of year $199,344$250,021
X-4 Accounts receivableStart of year $44,742$64,601
X-9 Prepaid expenses and deferred chargesStart of year $45,912$62,603
X-10c Land, buildings and equipment, netStart of year $7,905$9,128
X-12 Other securitiesStart of year $849,726$99,909
X-16 Total assetsStart of year $3,246,684$2,875,360
X-17 Accounts payable and accrued expensesStart of year $873,166$64,385
X-19 Deferred revenueStart of year $315,210$348,813
X-26 Total liabilitiesStart of year $1,188,376$413,198
X-27 Net assets without donor restrictionsStart of year $2,009,337$2,384,739
X-28 Net assets with donor restrictionsStart of year $48,971$77,423
X-32 Total net assets or fund balancesStart of year $2,058,308$2,462,162
X-33 Total liabilities and net assetsStart of year $3,246,684$2,875,360
Part XI · Reconciliation of net assets $2,462,162 net assets at year end
XI-1 Total revenue$1,165,171
XI-2 Total expenses$761,317
XI-3 Revenue less expenses$403,854
XI-4 Net assets at start of year$2,058,308
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,462,162

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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