Beta Theta Pi Fraternity FY2024 filing

Not tax-deductible

Oxford, OH501(c)(7)Since 2011EIN 46-1120955

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Beta Theta Pi Fraternity promotes and develops intellect and culture.

Mission: Form 990 Part I, line 1

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FY2024 · 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 4
filings with a surplus
Average deficit $394K a year · 3% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.5M
81% of total assets
Concern: liabilities are 81% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.3M
-30% vs prior year
Spent
$11.2M
Net assets
$1.0M
By yearFY2022–FY2025
Revenue
$11.3M
FY2024▼ -30%
Revenue by fiscal year
FY2022$8.9M
FY2023$16.1M
FY2024$11.3M
FY2025$20.7M
Expenses
$11.2M
FY2024▼ -32%
Expenses by fiscal year
FY2022$9.3M
FY2023$16.6M
FY2024$11.2M
FY2025$21.5M
Net assets
$1.0M
FY2024▼ -17%
Net assets by fiscal year
FY2022$500K
FY2023$1.2M
FY2024$1.0M
FY2025$1.3M

From the FY2024 Form 990 (year ending May 2024) · 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 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 (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
General Treasurer
$0Pt VII · Sec A
General Secretary
$0Pt VII · Sec A
Board of Trustee Member
$0Pt VII · Sec A
Board of Trustee Member
$0Pt VII · Sec A
Board of Trustee Member
$0Pt VII · Sec A
Board of Trustee Member
$0Pt VII · Sec A
Board of Trustee Member
$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 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 · FY2023.
01

Fraternal, social, brotherhood, and leadership programming for members: local chapters put on events and local programming to further the organizations social purpose and provide opportunities to live our core values of mutual aid and assistance, cultivation of the intellect, responsible social conduct, trust, and integrity.

Pt IX · col B
02

National Dues, Insurance, Heritage Fund

These funds are paid to the national organization for the purpose of developing educational resources, administrative support, and the day-to-day operations of the general fraternity.

Pt IX · col B
03

Room and Board

Cost associated with rent and meal plans of local chapter living facilities.

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 · this organization's grantmaking
Grants paid · 21 grants · $294K · 2021–2024
Rape Recovery CenterUT · FY2024$87,910
Cystic Fibrosis FoundationMD · FY2024$23,084
Abuelos FoundationFL · FY2024$11,631
Texas 4000 for CancerTX · FY2024$11,000
Beta Theta Pi FoundationOH · FY2024$8,869
Feeding Southwest VirginiaVA · FY2023$17,000
Funding Bright FuturesNY · FY2023$8,643
Perkins K-8 SchoolFY2023$6,000
Children's Advocacy Center of the NrvVA · FY2022$16,389
Perkins K-8 SchoolFY2022$15,000
Woods Humane Society INCCA · FY2022$6,200
Perkins ElementaryCA · FY2021$17,245
NAMI Roanoke ValleyVA · FY2021$12,021
See all 21 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.3M
Ln 12
Fees for servicesLn 2g$10.9M
Gifts and grantsLn 1h$312K
Investment incomeLn 3$8K
Money outPt IX
$11.2M
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$5.5M
LiabilitiesLn 26$4.5M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$312K
Fees for servicesLn 2g$10.9M
Investment incomeLn 3$8K
Total revenueLn 12$11.3M
Assets in detailPt X, end of year
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Total assetsLn 16$5.5M
LiabilitiesLn 26$4.5M
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$1.6M$1.3M
Total assetsLn 16$7.8M$5.5M
LiabilitiesLn 26$6.5M$4.5M
Net assetsLn 32$1.2M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$163K
Grants to domestic individualsLn 2$101
Legal feesLn 11b$11K
Accounting feesLn 11c$215K
Advertising and promotionLn 12$16K
Office expensesLn 13$422K
Information technologyLn 14$3K
OccupancyLn 16$2.7M
Conferences, conventions and meetingsLn 19$50K
InterestLn 20$15
Payments to affiliatesLn 21$2.8M
InsuranceLn 23$40K
Other expenses (24a–d)Ln 24$4.6M
All other expensesLn 24e$219K
Total functional expensesLn 25$11.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20.7M$21.5M−$801K$1.3M 990 PDF
FY2024 Viewing $11.3M$11.2M$34K$1.0M 990 PDF
FY2023 $16.1M$16.6M−$465K$1.2M 990 PDF
FY2022 $8.9M$9.3M−$344K$500K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $11,269,644 across 5 lines filed
VIII-1f All other contributions, gifts and grants$312,318
VIII-1h Total contributions, gifts and grants$312,318
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,949,747$10,949,747
VIII-3 Investment incomeUnrelated business $7,579$7,579
VIII-12 Total revenueRelated to mission $10,949,747 · Unrelated business $7,579 · Excluded from tax $0$11,269,644
Part IX · Statement of functional expenses $11,235,448 across 14 lines filed
IX-1 Grants to domestic organizations$162,707
IX-2 Grants to domestic individuals$101
IX-11b Legal fees$11,075
IX-11c Accounting fees$215,251
IX-12 Advertising and promotion$16,089
IX-13 Office expenses$421,629
IX-14 Information technology$3,143
IX-16 Occupancy$2,720,594
IX-19 Conferences, conventions and meetings$49,782
IX-20 Interest$15
IX-21 Payments to affiliates$2,805,776
IX-23 Insurance$40,259
IX-24 Other expenses (24a–d)$4,570,313
IX-24e All other expenses$218,714
IX-25 Total functional expenses$11,235,448
Part X · Balance sheet $5,497,053 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,632,390$1,328,957
X-4 Accounts receivableStart of year $6,044,759$4,095,679
X-9 Prepaid expenses and deferred chargesStart of year $110,516$72,417
X-16 Total assetsStart of year $7,787,666$5,497,053
X-17 Accounts payable and accrued expensesStart of year $74,713$52,476
X-19 Deferred revenueStart of year $6,044,759$4,095,679
X-25 Other liabilitiesStart of year $418,321$308,905
X-26 Total liabilitiesStart of year $6,537,793$4,457,060
X-32 Total net assets or fund balancesStart of year $1,249,873$1,039,993
X-33 Total liabilities and net assetsStart of year $7,787,666$5,497,053
Part XI · Reconciliation of net assets $1,039,993 net assets at year end
XI-1 Total revenue$11,269,644
XI-2 Total expenses$11,235,448
XI-3 Revenue less expenses$34,196
XI-4 Net assets at start of year$1,249,873
XI-9 Other changes in net assets−$244,076
XI-10 Net assets at end of year$1,039,993

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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