Beta Theta Pi Fraternity

Not tax-deductible

Oxford, OH501(c)(7)Since 1839EIN 31-0531047

Beta theta pi fraternity promotes and develops intellect and culture.

Run by 2,018 volunteers and 51 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
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 $158K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$1.1M
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.7M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.8M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.5M
+0.4% vs prior year
Spent
$7.1M
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$7.5M
FY2025+0.4%
Revenue by fiscal year
FY2020$6.8M
FY2021$4.9M
FY2022$6.3M
FY2023$6.4M
FY2024$7.5M
FY2025$7.5M
Expenses
$7.1M
FY2025▲ +7%
Expenses by fiscal year
FY2020$5.9M
FY2021$4.6M
FY2022$6.3M
FY2023$7.6M
FY2024$6.7M
FY2025$7.1M
Net assets
$2.2M
FY2025▲ +14%
Net assets by fiscal year
FY2020$6.0M
FY2021$7.4M
FY2022$7.0M
FY2023$1.1M
FY2024$1.9M
FY2025$2.2M

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

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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

20 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Executive Officer
$304,452Pt VII · Sec A
Chief Foundation Officer
$179,066Pt VII · Sec A
Chief Financial Officer
$152,625Pt VII · Sec A
Chief Housing Officer
$146,709Pt VII · Sec A
Director of Media Relation
$118,513Pt VII · Sec A
Chief Communications Offic
$116,458Pt VII · Sec A
Chief Strategy Officer
$116,458Pt VII · Sec A
Board of Trustee Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeff Rundle$304,452$234,141$368,913———
Rundle Jeff———$257,519$205,268$228,362
Phil Fernandez$179,066$142,468$139,022———
Cobb Martin———$178,558$148,064$152,925
Hanlon Pete———$175,516——
Martin Cobb$116,458$156,619$171,980———
Austin Marple$152,625—————
John Reineke$146,709$108,865————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Develops intellect and culture through fraternity programs.

Provided by the organization

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3 program services, described in the organization's own filed words · FY2024.
01

Host an annual organizational convention to develop members and volunteers and facilitate the annual business meeting of the fraternity.

Pt IX · col B
02

Chapter Operations

Maintaining and supporting quality chapters across north america.

Pt IX · col B
03

Leadership development programs for collegiate members and volunteers.

Pt IX · col B

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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 · FY2024
Total grants receivedfrom 2 funders$1.7M
Grants paid · 2 grants · $430K · 2020–2022
219 Church Street OxfordOH · FY2022$400,000
The Piazza Center Co Penn StateFY2020$30,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7.5M
Ln 12
Fees for servicesLn 2g$5.3M
Gifts and grantsLn 1h$1.9M
Other incomeLn 4–11$272K
Money outPt IX
$7.1M
Ln 25
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$7.0M
LiabilitiesLn 26$4.8M
PeoplePt VI, VII
20
listed · VII A
PaidVII A7
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$5.3M
Investment incomeLn 3$95K
Other incomeLn 4–11$272K
Gains on assetsLn 7$32K
Total revenueLn 12$7.5M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$1.9M
Land, buildings, equipmentLn 10c$27K
Other assetsLn 15$2.0M
Total assetsLn 16$7.0M
LiabilitiesLn 26$4.8M
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 551
VolunteersI 62,018
Fiscal year endsHeaderMay
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 FY25End FY25
Cash and savingsLn 1–2$1.5M$2.3M
InvestmentsLn 11–13$1.7M$1.9M
Land, buildings, equipmentLn 10c$81K$27K
Total assetsLn 16$6.7M$7.0M
LiabilitiesLn 26$4.8M$4.8M
Net assetsLn 32$1.9M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K
Pay of current officers, directors and key staffLn 5$533K
Other salaries and wagesLn 7$1.7M
Pension plan contributionsLn 8$103K
Other employee benefitsLn 9$437K
Payroll taxesLn 10$287K
Legal feesLn 11b$103K
Accounting feesLn 11c$57K
Investment management feesLn 11f$7K
Other fees for servicesLn 11g$95K
Advertising and promotionLn 12$577
Office expensesLn 13$678K
Information technologyLn 14$357K
OccupancyLn 16$731K
TravelLn 17$512K
Conferences, conventions and meetingsLn 19$914K
InterestLn 20$2K
Depreciation, depletion and amortizationLn 22$17K
InsuranceLn 23$441K
Other expenses (24a–d)Ln 24$201K
Total functional expensesLn 25$7.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.5M$7.1M$341K$2.2M 990 PDF
FY2024 $7.5M$6.7M$792K$1.9M 990 PDF
FY2023 $6.4M$7.6M−$1.2M$1.1M 990 PDF
FY2022 $6.3M$6.3M−$80K$7.0M 990 PDF
FY2021 $4.9M$4.6M$309K$7.4M 990 PDF
FY2020 $6.8M$5.9M$819K$6.0M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $7,486,882 across 10 lines filed
Lines not itemized here account for $9,234 of total revenue; see the IRS return.
VIII-1d Related organizations$1,677,730
VIII-1f All other contributions, gifts and grants$191,800
VIII-1h Total contributions, gifts and grants$1,869,530
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,250,393$5,250,393
VIII-3 Investment incomeUnrelated business $62,721$62,721
VIII-5 RoyaltiesUnrelated business $244,731$244,731
VIII-6 Net rental income or lossRelated to mission $9,357$9,357
VIII-7 Net gain or loss on sales of assetsUnrelated business $32,329$32,329
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,587$8,587
VIII-12 Total revenueRelated to mission $5,277,571 · Unrelated business $339,781 · Excluded from tax $0$7,486,882
Part IX · Statement of functional expenses $7,145,538 across 20 lines filed
IX-1 Grants to domestic organizations$4,000
IX-5 Pay of current officers, directors and key staff$532,920
IX-7 Other salaries and wages$1,667,280
IX-8 Pension plan contributions$103,030
IX-9 Other employee benefits$437,296
IX-10 Payroll taxes$287,344
IX-11b Legal fees$102,889
IX-11c Accounting fees$57,177
IX-11f Investment management fees$6,682
IX-11g Other fees for services$95,220
IX-12 Advertising and promotion$577
IX-13 Office expenses$678,466
IX-14 Information technology$356,587
IX-16 Occupancy$730,510
IX-17 Travel$511,649
IX-19 Conferences, conventions and meetings$914,094
IX-20 Interest$1,550
IX-22 Depreciation, depletion and amortization$16,605
IX-23 Insurance$440,745
IX-24 Other expenses (24a–d)$200,917
IX-25 Total functional expenses$7,145,538
Part X · Balance sheet $6,953,866 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $125$0
X-2 Savings and temporary cash investmentsStart of year $1,489,573$2,265,527
X-4 Accounts receivableStart of year $399,425$231,640
X-9 Prepaid expenses and deferred chargesStart of year $368,851$549,240
X-10c Land, buildings and equipment, netStart of year $81,427$27,026
X-11 Publicly traded securitiesStart of year $1,671,696$1,869,294
X-15 Other assetsStart of year $2,703,498$2,011,139
X-16 Total assetsStart of year $6,714,595$6,953,866
X-17 Accounts payable and accrued expensesStart of year $457,678$510,069
X-19 Deferred revenueStart of year $20,863$5,491
X-25 Other liabilitiesStart of year $4,260,759$4,197,076
X-26 Total liabilitiesStart of year $4,808,442$4,779,380
X-27 Net assets without donor restrictionsStart of year $1,906,153$2,174,486
X-32 Total net assets or fund balancesStart of year $1,906,153$2,174,486
X-33 Total liabilities and net assetsStart of year $6,714,595$6,953,866
Part XI · Reconciliation of net assets $2,174,486 net assets at year end
XI-1 Total revenue$7,486,882
XI-2 Total expenses$7,145,538
XI-3 Revenue less expenses$341,344
XI-4 Net assets at start of year$1,906,153
XI-5 Net unrealized gains (losses) on investments−$73,011
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,174,486

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

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