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Beta Theta Pi Fraternity

Not tax-deductible

Chapel Hill, NC501(c)(7)EIN 56-0548073Revenue $843K in FY2025

On file with the IRS209 S Rd Fpg Student Un, 27514-0000 · Chapel Hill, NCTax-exempt since Apr 1954

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The mission of the organization is to encourage and support members in order that they build lasting bonds of friendship and brotherhood through mutual assistance, intellectual growth, trust, responsible conduct and integrity. The goal is that the association with Beta Theta Pi will build " men of principle" guided by the visions outlined in the mission.

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
2 of 5
filings with a surplus
Average deficit $31K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$843K
+6% vs prior year
Spent
$882K
To programs
93%
Net assets
$105K
By yearFY2021–FY2025
Revenue
$843K
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2021$365K
FY2022$705K
FY2023$779K
FY2024$792K
FY2025$843K
Expenses
$882K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$509K
FY2022$701K
FY2023$741K
FY2024$807K
FY2025$882K
Net assets
$105K
FY2025▼ -27%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.3M
FY2022$1.3M
FY2023$159K
FY2024$144K
FY2025$105K

From the FY2025 Form 990 (year ending May 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1954.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $821K Management & general 7% · $60K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Briggs Briner
Chapter President
$0Pt VII · Sec A
Quinn McGuire
Chapter Vice President
$0Pt VII · Sec A
Hatcher Williams
Chapter Treasurer
$0Pt VII · Sec A
Sam Bunden
Chapter Board Member
$0Pt VII · Sec A
Braxton McDonald
Chapter Board Member
$0Pt VII · Sec A
Jason Butters
Chapter Board Member
$0Pt VII · Sec A
Cade Nicholson
Chapter Board Member
$0Pt VII · Sec A
Evan Tsantes
Chapter Board 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 15aNo

Programs and updates

Builds men of principle through friendship, mutual assistance, and integrity.

Questions for Beta Theta Pi Fraternity

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Provided by the organization

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3 programs · $821K · in their own filed words · FY2024
01

Providing members with housing and facilities

$498Kprogram expense
02

Providing members with social interaction and entertainment

$205Kprogram expense
03

Providing members with on-site meals

$118Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$843K
Ln 12
Gifts and grantsLn 1h$611K
Fees for servicesLn 2g$249K
Investment incomeLn 3$1
Money outPt IX
$882K
Ln 25
Programscol B$821K
Managementcol C$60K
Owns and owesPt X
$105K
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$105K
LiabilitiesLn 26$0
PeoplePt VI, VII
29
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$611K
Fees for servicesLn 2g$249K
Investment incomeLn 3$1
Total revenueLn 12$843K
Assets in detailPt X, end of year
CashLn 1$60K
Cash and savings togetherLn 1–2$60K
Land, buildings, equipmentLn 10c$46K
Total assetsLn 16$105K
LiabilitiesLn 26$0
Net assetsLn 32$105K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMay
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 FY25End FY25
Cash and savingsLn 1–2$94K$60K
Land, buildings, equipmentLn 10c$50K$46K
Total assetsLn 16$144K$105K
LiabilitiesLn 26$0$0
Net assetsLn 32$144K$105K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$639K$639K
Other salaries and wagesLn 7$98K$79K$20K
Other employee benefitsLn 9$3K$2K$561
Payroll taxesLn 10$8K$6K$2K
Management feesLn 11a$4K$3K$867
Accounting feesLn 11c$35K$9K$26K
Other fees for servicesLn 11g$1K$768$608
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$4K$3K$839
InsuranceLn 23$49K$40K$10K
Other expenses (24a–d)Ln 24$31K$31K
All other expensesLn 24e$135$135
Total functional expensesLn 25$882K$821K$60K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $843K$882K−$38K$105K 990 PDF
FY2024 $792K$807K−$15K$144K 990 PDF
FY2023 $779K$741K$39K$159K 990 PDF
FY2022 $705K$701K$4K$1.3M 990 PDF
FY2021 $365K$509K−$145K$1.3M 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 (6 parts)
Part I · Summary $843,472 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $556,855$610,740
I-9 Program service revenuePrior year $243,569$248,658
I-10 Investment incomePrior year $2$1
I-11 Other revenuePrior year −$8,065−$15,927
I-12 Total revenuePrior year $792,361$843,472
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $565,065$639,499
I-15 Salaries and benefitsPrior year $109,166$108,982
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $133,235$133,435
I-18 Total expensesPrior year $807,466$881,916
I-19 Revenue less expensesPrior year −$15,105−$38,444
Part VI · Governance 25 of 25 board members independent, 4 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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 $843,472 across 7 lines filed
VIII-1b Membership dues$610,140
VIII-1f All other contributions, gifts and grants$600
VIII-1h Total contributions, gifts and grants$610,740
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $248,658$248,658
VIII-3 Investment incomeUnrelated business $1$1
VIII-8 Net income from fundraising eventsExcluded from tax −$15,927−$15,927
VIII-12 Total revenueRelated to mission $248,658 · Unrelated business $1 · Excluded from tax −$15,927$843,472
Part IX · Statement of functional expenses $881,916 across 13 lines filed
IX-4 Benefits paid to or for membersPrograms $639,499$639,499
IX-7 Other salaries and wagesPrograms $78,600 · Management $19,650$98,250
IX-9 Other employee benefitsPrograms $2,244 · Management $561$2,805
IX-10 Payroll taxesPrograms $6,342 · Management $1,585$7,927
IX-11a Management feesPrograms $3,469 · Management $867$4,336
IX-11c Accounting feesPrograms $8,811 · Management $26,434$35,245
IX-11g Other fees for servicesPrograms $768 · Management $608$1,376
IX-17 TravelPrograms $6,118$6,118
IX-19 Conferences, conventions and meetingsPrograms $1,950$1,950
IX-22 Depreciation, depletion and amortizationPrograms $3,357 · Management $839$4,196
IX-23 InsurancePrograms $39,542 · Management $9,886$49,428
IX-24 Other expenses (24a–d)Programs $30,651$30,651
IX-24e All other expensesPrograms $135$135
IX-25 Total functional expensesPrograms $821,486 · Management $60,430 · Fundraising $0$881,916
Part X · Balance sheet $105,171 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $93,910$59,662
X-10c Land, buildings and equipment, netStart of year $49,705$45,509
X-16 Total assetsStart of year $143,615$105,171
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $143,615$105,171
X-33 Total liabilities and net assetsStart of year $143,615$105,171
Part XI · Reconciliation of net assets $105,171 net assets at year end
XI-1 Total revenue$843,472
XI-2 Total expenses$881,916
XI-3 Revenue less expenses−$38,444
XI-4 Net assets at start of year$143,615
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$105,171

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

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