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Beta Theta Pi Fraternity FY2021 filing

Not tax-deductible

Chapel Hill, NC501(c)(7)EIN 56-0548073

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.

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
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
$365K
Spent
$509K
To programs
84%
Net assets
$1.3M
By yearFY2021–FY2025
Revenue
$365K
FY2021
Revenue by fiscal year
FY2021$365K
FY2022$705K
FY2023$779K
FY2024$792K
FY2025$843K
Expenses
$509K
FY2021
Expenses by fiscal year
FY2021$509K
FY2022$701K
FY2023$741K
FY2024$807K
FY2025$882K
Net assets
$1.3M
FY2021
Net assets by fiscal year
FY2021$1.3M
FY2022$1.3M
FY2023$159K
FY2024$144K
FY2025$105K

From the FY2021 Form 990 (year ending May 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 Apr 1954.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $429K Management & general 16% · $80K

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chester Brown
Board President
$0Pt VII · Sec A
Glenn Young
Board Vice President
$0Pt VII · Sec A
Todd Blair
Board Member
$0Pt VII · Sec A
James Cohen
Board Member
$0Pt VII · Sec A
Doug Dunaway
Board Member
$0Pt VII · Sec A
Chris Sneeden
Board Member
$0Pt VII · Sec A
Rick Spangler
Board Member
$0Pt VII · Sec A
Paul Warren
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.

Provided by the organization

This section is blank until Beta Theta Pi Fraternity claims this page.

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3 program services account for $429K of program spending, described in the organization's own filed words · FY2020.
01

Providing members with housing and facilities

$321Kprogram expense
02

Providing members with on-site meals

$68Kprogram expense
03

Providing members with social interaction and entertainment

$40Kprogram expense

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By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$365K
Ln 12
Gifts and grantsLn 1h$245K
Fees for servicesLn 2g$120K
Investment incomeLn 3$8
Money outPt IX
$509K
Ln 25
Programscol B$429K
Managementcol C$80K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$1.3M
LiabilitiesLn 26$27K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$245K
Fees for servicesLn 2g$120K
Investment incomeLn 3$8
Total revenueLn 12$365K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$27K
Net assetsLn 32$1.3M
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 FY21End FY21
Cash and savingsLn 1–2$212K$68K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$23K$27K
Net assetsLn 32$1.4M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$307K$307K
Other salaries and wagesLn 7$69K$55K$14K
Other employee benefitsLn 9$849$679$170
Payroll taxesLn 10$6K$5K$1K
Management feesLn 11a$11K$9K$2K
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$38K$9K$28K
Other fees for servicesLn 11g$2K$1K$304
Office expensesLn 13$8K$8K
InsuranceLn 23$24K$20K$5K
Other expenses (24a–d)Ln 24$23K$23K
Total functional expensesLn 25$509K$429K$80K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $364,507 across 6 lines filed
VIII-1b Membership dues$237,017
VIII-1f All other contributions, gifts and grants$7,500
VIII-1h Total contributions, gifts and grants$244,517
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $119,982$119,982
VIII-3 Investment incomeExcluded from tax $8$8
VIII-12 Total revenueRelated to mission $119,982 · Unrelated business $0 · Excluded from tax $8$364,507
Part IX · Statement of functional expenses $509,184 across 11 lines filed
IX-4 Benefits paid to or for membersPrograms $306,783$306,783
IX-7 Other salaries and wagesPrograms $54,995 · Management $13,749$68,744
IX-9 Other employee benefitsPrograms $679 · Management $170$849
IX-10 Payroll taxesPrograms $4,612 · Management $1,153$5,765
IX-11a Management feesPrograms $8,800 · Management $2,200$11,000
IX-11b Legal feesManagement $20,930$20,930
IX-11c Accounting feesPrograms $9,448 · Management $28,345$37,793
IX-11g Other fees for servicesPrograms $1,215 · Management $304$1,519
IX-13 Office expensesManagement $8,116$8,116
IX-23 InsurancePrograms $19,583 · Management $4,896$24,479
IX-24 Other expenses (24a–d)Programs $23,206$23,206
IX-25 Total functional expensesPrograms $429,321 · Management $79,863 · Fundraising $0$509,184
Part X · Balance sheet $1,291,881 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $212,398$67,651
X-10c Land, buildings and equipment, netStart of year $1,220,410$1,224,230
X-16 Total assetsStart of year $1,432,808$1,291,881
X-25 Other liabilitiesStart of year $23,250$27,000
X-26 Total liabilitiesStart of year $23,250$27,000
X-32 Total net assets or fund balancesStart of year $1,409,558$1,264,881
X-33 Total liabilities and net assetsStart of year $1,432,808$1,291,881
Part XI · Reconciliation of net assets $1,264,881 net assets at year end
XI-1 Total revenue$364,507
XI-2 Total expenses$509,184
XI-3 Revenue less expenses−$144,677
XI-4 Net assets at start of year$1,409,558
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,264,881

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

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