Beta Theta Pi Fraternity FY2023 filing

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To provide room and board for members

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
100¢ 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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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
1 of 5
filings with a surplus
Average deficit $25K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$45K
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$622K
-5% vs prior year
Spent
$661K
To programs
100%
Net assets
$51K
By yearFY2021–FY2025
Revenue
$622K
FY2023▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2021$566K
FY2022$652K
FY2023$622K
FY2024$606K
FY2025$741K
Expenses
$661K
FY2023▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2021$566K
FY2022$721K
FY2023$661K
FY2024$664K
FY2025$701K
Net assets
$51K
FY2023▼ -44%
Tap a bar for its year
Net assets by fiscal year
FY2021$159K
FY2022$91K
FY2023$51K
FY2024−$7K
FY2025$33K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $661K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
VP Communications/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
House Manager
$0Pt VII · Sec A
VP Programming
$0Pt VII · Sec A
VP Brotherhood
$0Pt VII · Sec A
VP Risk Management
$0Pt VII · Sec A
VP Recruitment
$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 meals to members.

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Provided by the organization

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1 program · $661K · in their own filed words · FY2022
01

To provide room and board for members who are students at Purdue University.

$661Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$622K
Ln 12
Fees for servicesLn 2g$621K
Other incomeLn 4–11$371
Investment incomeLn 3$14
Money outPt IX
$661K
Ln 25
Programscol B$661K
Owns and owesPt X
$51K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$96K
LiabilitiesLn 26$45K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$621K
Investment incomeLn 3$14
Other incomeLn 4–11$371
Gains on assetsLn 7$0
Total revenueLn 12$622K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$76K
Cash and savings togetherLn 1–2$80K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$5K
Total assetsLn 16$96K
LiabilitiesLn 26$45K
Net assetsLn 32$51K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$119K$80K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$128K$96K
LiabilitiesLn 26$38K$45K
Net assetsLn 32$91K$51K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Office expensesLn 13$856$856
OccupancyLn 16$209K$209K
Depreciation, depletion and amortizationLn 22$0
Other expenses (24a–d)Ln 24$340K$340K
All other expensesLn 24e$108K$108K$0$0
Total functional expensesLn 25$661K$661K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $741K$701K$40K$33K 990 PDF
FY2024 $606K$664K−$58K−$7K 990 PDF
FY2023 Viewing $622K$661K−$40K$51K 990 PDF
FY2022 $652K$721K−$69K$91K 990 PDF
FY2021 $566K$566K−$112$159K 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 FY2023 990 (6 parts)
Part I · Summary $621,823 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $652,347$621,438
I-10 Investment incomePrior year $33$14
I-11 Other revenue$371
I-12 Total revenuePrior year $652,380$621,823
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $720,993$661,469
I-18 Total expensesPrior year $720,993$661,469
I-19 Revenue less expensesPrior year −$68,613−$39,646
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $621,823 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $621,438$621,438
VIII-3 Investment incomeExcluded from tax $14$14
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $371$371
VIII-12 Total revenueRelated to mission $621,809 · Unrelated business $0 · Excluded from tax $14$621,823
Part IX · Statement of functional expenses $661,469 across 6 lines filed
IX-11c Accounting feesPrograms $3,600$3,600
IX-13 Office expensesPrograms $856$856
IX-16 OccupancyPrograms $208,781$208,781
IX-22 Depreciation, depletion and amortization$0
IX-24 Other expenses (24a–d)Programs $340,429$340,429
IX-24e All other expensesPrograms $107,803 · Management $0 · Fundraising $0$107,803
IX-25 Total functional expensesPrograms $661,469 · Management $0 · Fundraising $0$661,469
Part X · Balance sheet $95,927 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $5,425$3,715
X-2 Savings and temporary cash investmentsStart of year $113,221$76,431
X-4 Accounts receivableStart of year $4,787$10,781
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $5,000$5,000
X-16 Total assetsStart of year $128,433$95,927
X-25 Other liabilitiesStart of year $37,856$44,885
X-26 Total liabilitiesStart of year $37,856$44,885
X-27 Net assets without donor restrictionsStart of year $90,577$51,042
X-32 Total net assets or fund balancesStart of year $90,577$51,042
X-33 Total liabilities and net assetsStart of year $128,433$95,927
Part XI · Reconciliation of net assets $51,042 net assets at year end
XI-1 Total revenue$621,823
XI-2 Total expenses$661,469
XI-3 Revenue less expenses−$39,646
XI-4 Net assets at start of year$90,577
XI-8 Prior period adjustments$111
XI-10 Net assets at end of year$51,042

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

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