Beta Theta Pi Fraternity FY2021 filing

Not tax-deductible

Crawfordsvlle, IN501(c)(7)EIN 35-0877381Revenue $227K in FY2021

On file with the IRS513 W Wabash Ave, 47933-2421 · Crawfordsvlle, INTax-exempt since Aug 1951

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To provide room and board and social affiliation to members who are students at wabash college in crawfordsville indiana.

98¢ of each $1 spent went to programs.
$500 paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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 4
filings with a surplus
Average deficit $18K a year · 11% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$500
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 15 voting members
Concern: none of 15 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$227K
Spent
$268K
To programs
98%
Net assets
$38K
By yearFY2021–FY2025
Revenue
$227K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$227K
FY2022$277K
FY2023$114K
FY2024$47K
FY2025$53K
Expenses
$268K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$268K
FY2022$291K
FY2023$127K
FY2024$49K
FY2025Not on file
Net assets
$38K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$38K
FY2022$24K
FY2023$11K
FY2024$9K
FY2025$12K

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

Form 990 (PDF) Claim
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 Aug 1951.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $264K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $500 paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$500Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing and community for Wabash College students.

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Provided by the organization

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1 program · $264K · in their own filed words · FY2020
01

To provide room and board and social affiliation to members who are students at wabash college in crawfordsville, indiana

$264Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$227K
Ln 12
Fees for servicesLn 2g$227K
Investment incomeLn 3$4
Money outPt IX
$268K
Ln 25
Programscol B$264K
Owns and owesPt X
$38K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$39K
LiabilitiesLn 26$1K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$227K
Investment incomeLn 3$4
Total revenueLn 12$227K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$39K
LiabilitiesLn 26$1K
Net assetsLn 32$38K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
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 FY21End FY21
Cash and savingsLn 1–2$66K$30K
Land, buildings, equipmentLn 10c$14K$9K
Total assetsLn 16$80K$39K
LiabilitiesLn 26$616$1K
Net assetsLn 32$80K$38K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$500$500
Other salaries and wagesLn 7$30K$30K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$12$12
Depreciation, depletion and amortizationLn 22$5K
InsuranceLn 23$653$653
Other expenses (24a–d)Ln 24$200K$200K
All other expensesLn 24e$24K$24K
Total functional expensesLn 25$268K$264K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $53K$12K 990 PDF
FY2024 $47K$49K−$1K$9K 990 PDF
FY2023 $114K$127K−$13K$11K 990 PDF
FY2022 $277K$291K−$14K$24K 990 PDF
FY2021 Viewing $227K$268K−$42K$38K 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 FY2021 990 (6 parts)
Part I · Summary $226,596 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $228,217$226,592
I-10 Investment incomePrior year $8$4
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $228,225$226,596
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 $35,917$33,733
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $239,694$234,693
I-18 Total expensesPrior year $275,611$268,426
I-19 Revenue less expensesPrior year −$47,386−$41,830
Part VI · Governance 0 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members0
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 $226,596 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $226,592$226,592
VIII-3 Investment incomeRelated to mission $4$4
VIII-12 Total revenueRelated to mission $226,596 · Unrelated business $0 · Excluded from tax $0$226,596
Part IX · Statement of functional expenses $268,426 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $500$500
IX-7 Other salaries and wagesPrograms $30,183$30,183
IX-10 Payroll taxesPrograms $3,050$3,050
IX-11c Accounting feesPrograms $5,158$5,158
IX-11g Other fees for servicesPrograms $12$12
IX-22 Depreciation, depletion and amortization$4,821
IX-23 InsurancePrograms $653$653
IX-24 Other expenses (24a–d)Programs $199,775$199,775
IX-24e All other expensesPrograms $24,274$24,274
IX-25 Total functional expensesPrograms $263,605 · Management $0 · Fundraising $0$268,426
Part X · Balance sheet $39,346 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $66,042$29,907
X-10c Land, buildings and equipment, netStart of year $14,260$9,439
X-16 Total assetsStart of year $80,302$39,346
X-17 Accounts payable and accrued expensesStart of year $473$1,346
X-25 Other liabilitiesStart of year $143$143
X-26 Total liabilitiesStart of year $616$1,489
X-32 Total net assets or fund balancesStart of year $79,686$37,857
X-33 Total liabilities and net assetsStart of year $80,302$39,346
Part XI · Reconciliation of net assets $37,857 net assets at year end
XI-1 Total revenue$226,596
XI-2 Total expenses$268,426
XI-3 Revenue less expenses−$41,830
XI-4 Net assets at start of year$79,686
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$37,857

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

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