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Florida Beta Students Aid Fund INC

Not tax-deductible

Gainesville, FLMutual-benefit / member-servingSince 1971 EIN 23-7366820Revenue $1.1M in FY2025

On file with the IRS409 Fraternity Dr, 32603-2112 · Gainesville, FLTax-exempt since Jun 1974

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Florida Beta Student Aid Fund owns and operates the fraternity house for the Gamma XI Chapter of Beta Theta Pi at the University of Florida in Gainesville, Florida.

Run by 11 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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 5
filings with a surplus
Average surplus $69K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $358K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$784K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+36% vs prior year
Spent
$956K
Net assets
$603K
By yearFY2021–FY2025
Revenue
$1.1M
FY2025▲ +36%
Tap a bar for its year
Revenue by fiscal year
FY2021$664K
FY2022$875K
FY2023$970K
FY2024$809K
FY2025$1.1M
Expenses
$956K
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$613K
FY2022$763K
FY2023$870K
FY2024$873K
FY2025$956K
Net assets
$603K
FY2025▼ -66%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.6M
FY2022$1.7M
FY2023$1.8M
FY2024$1.8M
FY2025$603K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1974.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Stephen Becker
Board Member
$0Pt VII · Sec A
Jake Silvola-Finch
Board Member
$0Pt VII · Sec A
Dan Farmer
Board Member
$0Pt VII · Sec A
Michael Thompson
Vice President
$0Pt VII · Sec A
Peter Falisi
Board Member
$0Pt VII · Sec A
Brad Fortune
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Philip Ciano
Secretary
$0Pt VII · Sec A
See Florida Beta Students Aid Fund INC 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

Provides housing for fraternity members at the University of Florida.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Provide housing and meals for approximately 170 members.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Beta Theta Pi FoundationFY2024$358K
Total grants receivedfrom 1 funder$358K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Money outPt IX
$956K
Ln 25
Owns and owesPt X
$603K
net assets · Ln 32
Cash and savingsLn 1–2$162K
Total assetsLn 16$1.4M
LiabilitiesLn 26$784K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.1M
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$162K
SavingsLn 2$131
Cash and savings togetherLn 1–2$162K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.4M
LiabilitiesLn 26$784K
Net assetsLn 32$603K
OperationsPt I, VI
EmployeesI 55
VolunteersI 611
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 FY25End FY25
Cash and savingsLn 1–2$70K$162K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$849K$784K
Net assetsLn 32$458K$603K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$159K
Payroll taxesLn 10$13K
Accounting feesLn 11c$8K
Professional fundraising feesLn 11e$22K
Office expensesLn 13$2K
Information technologyLn 14$728
OccupancyLn 16$359K
InterestLn 20$53K
Payments to affiliatesLn 21$62K
Depreciation, depletion and amortizationLn 22$12K
Other expenses (24a–d)Ln 24$266K$266K
Total functional expensesLn 25$956K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$956K$145K$603K 990 PDF
FY2024 $809K$873K−$64K$1.8M 990 PDF
FY2023 $970K$870K$100K$1.8M 990 PDF
FY2022 $875K$763K$111K$1.7M 990 PDF
FY2021 $664K$613K$51K$1.6M 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,100,971 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $808,839$1,100,971
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $808,839$1,100,971
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $163,198$171,527
I-16a Professional fundraising feesPrior year $13,536$22,154
I-17 Other expensesPrior year $787,574$762,532
I-18 Total expensesPrior year $964,308$956,213
I-19 Revenue less expensesPrior year −$155,469$144,758
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $1,100,971 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,100,971$1,100,971
VIII-12 Total revenueRelated to mission $1,100,971 · Unrelated business $0 · Excluded from tax $0$1,100,971
Part IX · Statement of functional expenses $956,213 across 11 lines filed
IX-7 Other salaries and wages$158,519
IX-10 Payroll taxes$13,008
IX-11c Accounting fees$8,105
IX-13 Office expenses$2,269
IX-14 Information technology$728
IX-16 Occupancy$358,685
IX-20 Interest$53,062
IX-21 Payments to affiliates$61,972
IX-22 Depreciation, depletion and amortization$11,961
IX-24 Other expenses (24a–d)Programs $265,750$265,750
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$956,213
Part X · Balance sheet $1,387,393 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $30,850$162,353
X-2 Savings and temporary cash investmentsStart of year $39,031$131
X-10c Land, buildings and equipment, netStart of year $1,236,870$1,224,909
X-16 Total assetsStart of year $1,306,751$1,387,393
X-17 Accounts payable and accrued expensesStart of year $5,429$4,063
X-25 Other liabilities$15,200
X-26 Total liabilitiesStart of year $848,517$784,401
X-27 Net assets without donor restrictionsStart of year $458,234$602,992
X-32 Total net assets or fund balancesStart of year $458,234$602,992
X-33 Total liabilities and net assetsStart of year $1,306,751$1,387,393
Part XI · Reconciliation of net assets $602,992 net assets at year end
XI-1 Total revenue$1,100,971
XI-2 Total expenses$956,213
XI-3 Revenue less expenses$144,758
XI-4 Net assets at start of year$458,234
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$602,992

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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