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Beta Theta Pi Fraternity FY2023 filing

Not tax-deductible

Frazer, PA501(c)(7)EIN 24-0803965Revenue $231K in FY2023

On file with the IRS601 Swedesford Drive, 19355-1573 · Frazer, PATax-exempt since Oct 1967

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Support of active and alumni chapters of the fraternity

Mission: Form 990 Part I, line 1

Before you give

FY2023 · 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
0 of 5
filings with a surplus
Average deficit $343K a year · 178% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$231K
-13% vs prior year
Spent
$604K
To programs
0%
Net assets
$2.7M
By yearFY2021–FY2025
Revenue
$231K
FY2023▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2021$145K
FY2022$265K
FY2023$231K
FY2024$171K
FY2025$151K
Expenses
$604K
FY2023▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$582K
FY2022$537K
FY2023$604K
FY2024$582K
FY2025$374K
Net assets
$2.7M
FY2023▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2021$3.3M
FY2022$3.0M
FY2023$2.7M
FY2024$2.2M
FY2025$2.0M

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Oct 1967.

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Thomas Aloan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Del Markward
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Joseph Heck
Director
$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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports active and alumni chapters of the fraternity.

Questions for Beta Theta Pi Fraternity

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Promotion of Brotherhood, Leadership, Scholarship, Community Service

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$231K
Ln 12
Gifts and grantsLn 1h$231K
Money outPt IX
$604K
Ln 25
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$4.0M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$231K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$231K
Assets in detailPt X, end of year
CashLn 1$46K
Cash and savings togetherLn 1–2$46K
Land, buildings, equipmentLn 10c$3.8M
Total assetsLn 16$4.0M
LiabilitiesLn 26$1.3M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$105K$46K
Land, buildings, equipmentLn 10c$4.1M$3.8M
Total assetsLn 16$4.3M$4.0M
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32$3.0M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$148K
Office expensesLn 13$2K
OccupancyLn 16$99K
InterestLn 20$17K
Depreciation, depletion and amortizationLn 22$281K
InsuranceLn 23$58K
Total functional expensesLn 25$604K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $151K$374K−$223K$2.0M 990 PDF
FY2024 $171K$582K−$411K$2.2M 990 PDF
FY2023 Viewing $231K$604K−$374K$2.7M 990 PDF
FY2022 $265K$537K−$271K$3.0M 990 PDF
FY2021 $145K$582K−$437K$3.3M 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 FY2023 990 (6 parts)
Part I · Summary $230,745 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $247,100$230,745
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $18,175$0
I-12 Total revenuePrior year $265,275$230,745
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 $536,719$604,331
I-18 Total expensesPrior year $536,719$604,331
I-19 Revenue less expensesPrior year −$271,444−$373,586
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $230,745 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$127,500
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$103,245
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$230,745
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$230,745
Part IX · Statement of functional expenses $604,331 across 6 lines filed
IX-11b Legal fees$148,019
IX-13 Office expenses$1,725
IX-16 Occupancy$99,212
IX-20 Interest$16,615
IX-22 Depreciation, depletion and amortization$281,249
IX-23 Insurance$57,511
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$604,331
Part X · Balance sheet $3,955,216 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $104,835$46,144
X-4 Accounts receivableStart of year $83,707$83,707
X-9 Prepaid expenses and deferred chargesStart of year $1,337$1,337
X-10c Land, buildings and equipment, netStart of year $4,105,277$3,824,028
X-16 Total assetsStart of year $4,295,156$3,955,216
X-17 Accounts payable and accrued expensesStart of year $171,670$109,226
X-24 Unsecured notes and loans payableStart of year $1,093,205$1,189,295
X-26 Total liabilitiesStart of year $1,264,875$1,298,521
X-32 Total net assets or fund balancesStart of year $3,030,281$2,656,695
X-33 Total liabilities and net assetsStart of year $4,295,156$3,955,216
Part XI · Reconciliation of net assets $2,656,695 net assets at year end
XI-1 Total revenue$230,745
XI-2 Total expenses$604,331
XI-3 Revenue less expenses−$373,586
XI-4 Net assets at start of year$3,030,281
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,656,695

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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