Beta Theta Pi Fraternity FY2020 filing

Not tax-deductible

Columbia, MO501(c)(7)EIN 43-6052199Revenue $1.5M in FY2020

On file with the IRS520 S College Ave, 65201-8310 · Columbia, MOTax-exempt since 0000

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Collegiate social Fraternity

100¢ of each $1 spent went to programs.
$16K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $24K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 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
Pay to officers and key staff
$16K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$180K
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
149
of 149 voting members
Looks good: 149 of 149 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.5M
To programs
100%
Net assets
$87K
By yearFY2020–FY2024
Revenue
$1.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.2M
FY2022$1.4M
FY2023$1.4M
FY2024$1.5M
Expenses
$1.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$1.4M
FY2023$1.4M
FY2024$1.6M
Net assets
$87K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$87K
FY2021−$45K
FY2022−$54K
FY2023−$4K
FY2024−$61K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in 0000.

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% · $1.5M

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

10 people listed on the 990; $16K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Rush Chairman
$4,500Pt VII · Sec A
Pledge Educator
$2,500Pt VII · Sec A
$2,400Pt VII · Sec A
Vice President
$1,900Pt VII · Sec A
House Manager
$1,750Pt VII · Sec A
Co Scholarship Chairman
$550Pt VII · Sec A
Kc Rush Chairman
$500Pt VII · Sec A
Stl Rush Chairman
$500Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Patrick O'Keefe$9,350————
Alex Danzo—$4,500———
Thomas Hartnagel——$4,500$500—
Thomas Whitmer———$4,500$4,500
Alex Venturella—$2,600———
Gabe Harmon—$2,600———
Jaden Correti$2,500————
Danny King$2,500————

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 15aNo

Programs and updates

Beta Theta Pi Fraternity is a member-serving organization based in Columbia, MO.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2019
01

Provide room & board and social activities for members of the fraternity.

$1.5Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$55
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Owns and owesPt X
$87K
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$267K
LiabilitiesLn 26$180K
PeoplePt VI, VII
10
listed · VII A
PaidVII A10
Voting boardVI 1a149
IndependentVI 1b149
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$55
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$34K
Cash and savings togetherLn 1–2$34K
Other assetsLn 15$118K
Total assetsLn 16$267K
LiabilitiesLn 26$180K
Net assetsLn 32$87K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$42K$34K
Total assetsLn 16$234K$267K
LiabilitiesLn 26$174K$180K
Net assetsLn 32$60K$87K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$16K
Other salaries and wagesLn 7$173K
Payroll taxesLn 10$18K
Accounting feesLn 11c$2K
Other fees for servicesLn 11g$10K
Office expensesLn 13$1K
Information technologyLn 14$474
OccupancyLn 16$1.0M
Conferences, conventions and meetingsLn 19$2K
InsuranceLn 23$31K
Other expenses (24a–d)Ln 24$209K
All other expensesLn 24e$10K
Total functional expensesLn 25$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$1.6M−$58K−$61K 990 PDF
FY2023 $1.4M$1.4M$50K−$4K 990 PDF
FY2022 $1.4M$1.4M−$9K−$54K 990 PDF
FY2021 $1.2M$1.4M−$131K−$45K 990 PDF
FY2020 Viewing $1.5M$1.5M$26K$87K 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 FY2020 990 (6 parts)
Part I · Summary $1,512,101 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,499,549$1,512,046
I-10 Investment incomePrior year $421$55
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,499,970$1,512,101
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 $226,873$205,781
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,276,190$1,279,969
I-18 Total expensesPrior year $1,503,063$1,485,750
I-19 Revenue less expensesPrior year −$3,093$26,351
Part VI · Governance 149 of 149 board members independent, 4 to look at
VI-1a Voting members of the governing body149
VI-1b Independent voting members149
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 $1,512,101 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,512,046$1,512,046
VIII-3 Investment incomeExcluded from tax $55$55
VIII-12 Total revenueRelated to mission $1,512,046 · Unrelated business $0 · Excluded from tax $55$1,512,101
Part IX · Statement of functional expenses $1,485,750 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$15,500
IX-7 Other salaries and wages$172,502
IX-10 Payroll taxes$17,779
IX-11c Accounting fees$1,552
IX-11g Other fees for services$10,093
IX-13 Office expenses$1,045
IX-14 Information technology$474
IX-16 Occupancy$1,014,174
IX-19 Conferences, conventions and meetings$2,338
IX-23 Insurance$31,381
IX-24 Other expenses (24a–d)$209,109
IX-24e All other expenses$9,803
IX-25 Total functional expenses$1,485,750
Part X · Balance sheet $267,096 assets, 9 lines filed
Asset lines not itemized here account for $33,127; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $41,630$33,589
X-4 Accounts receivableStart of year $69,916$82,337
X-15 Other assetsStart of year $87,943$118,043
X-16 Total assetsStart of year $234,346$267,096
X-17 Accounts payable and accrued expensesStart of year $151,828$158,226
X-19 Deferred revenueStart of year $22,121$22,121
X-26 Total liabilitiesStart of year $173,949$180,347
X-32 Total net assets or fund balancesStart of year $60,397$86,749
X-33 Total liabilities and net assetsStart of year $234,346$267,096
Part XI · Reconciliation of net assets $86,749 net assets at year end
XI-1 Total revenue$1,512,101
XI-2 Total expenses$1,485,750
XI-3 Revenue less expenses$26,351
XI-4 Net assets at start of year$60,397
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$86,749

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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