philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Beta Theta Pi Fraternity FY2022 filing

Not tax-deductible

Chapel Hill, NC501(c)(7)EIN 56-0548073Revenue $705K in FY2022

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

This page gets seen. Tell your story. Claim this org.

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.

90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
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
$14K
1% of total assets
Looks good: liabilities are 1% 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
$705K
+93% vs prior year
Spent
$701K
To programs
90%
Net assets
$1.3M
By yearFY2021–FY2025
Revenue
$705K
FY2022▲ +93%
Tap a bar for its year
Revenue by fiscal year
FY2021$365K
FY2022$705K
FY2023$779K
FY2024$792K
FY2025$843K
Expenses
$701K
FY2022▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2021$509K
FY2022$701K
FY2023$741K
FY2024$807K
FY2025$882K
Net assets
$1.3M
FY2022+0.3%
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 FY2022 Form 990 (year ending May 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 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

90 cents of each dollar spent went to programs.

Program services 90% · $629K Management & general 10% · $72K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 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
Chris Sneeden
Board Member
$0Pt VII · Sec A
Paul Warren
Board Member
$0Pt VII · Sec A
Kaelan Amin
Chapter President
$0Pt VII · Sec A
John Michael Curtis
Chapter Treasurer
$0Pt VII · Sec A
Mercer Stanfield
Chapter Vice-President
$0Pt VII · Sec A
See Beta Theta Pi Fraternity executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Tap to ask. Beta Theta Pi Fraternity sees how many people are interested.

Your first name shows with your question. Beta Theta Pi Fraternity answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $626K · in their own filed words · FY2021
01

Providing members with housing and facilities

$332Kprogram expense
02

Providing members with social interaction and entertainment

$181Kprogram expense
03

Providing members with on-site meals

$113Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$705K
Ln 12
Gifts and grantsLn 1h$509K
Fees for servicesLn 2g$194K
Other incomeLn 4–11$1K
Money outPt IX
$701K
Ln 25
Programscol B$629K
Managementcol C$72K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$85K
Total assetsLn 16$1.3M
LiabilitiesLn 26$14K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$509K
Fees for servicesLn 2g$194K
Investment incomeLn 3$3
Other incomeLn 4–11$1K
Total revenueLn 12$705K
Assets in detailPt X, end of year
CashLn 1$85K
Cash and savings togetherLn 1–2$85K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$35K
Total assetsLn 16$1.3M
LiabilitiesLn 26$14K
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 FY22End FY22
Cash and savingsLn 1–2$68K$85K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$27K$14K
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Benefits paid to or for membersLn 4$437K$437K
Other salaries and wagesLn 7$71K$56K$14K
Other employee benefitsLn 9$2K$1K$338
Payroll taxesLn 10$8K$7K$2K
Management feesLn 11a$12K$10K$2K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$33K$8K$25K
Other fees for servicesLn 11g$2K$2K$417
Office expensesLn 13$6K$6K
Conferences, conventions and meetingsLn 19$121$121
Depreciation, depletion and amortizationLn 22$62K$50K$12K
InsuranceLn 23$30K$24K$6K
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$701K$629K$72K$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 Viewing $705K$701K$4K$1.3M 990 PDF
FY2021 $365K$509K−$145K$1.3M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (6 parts)
Part I · Summary $704,765 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $244,517$509,221
I-9 Program service revenuePrior year $119,982$194,159
I-10 Investment incomePrior year $8$3
I-11 Other revenuePrior year $0$1,382
I-12 Total revenuePrior year $364,507$704,765
I-13 Grants and similar amounts paidPrior year $0$3,130
I-14 Benefits paid to membersPrior year $306,783$437,283
I-15 Salaries and benefitsPrior year $75,358$80,478
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $127,043$180,179
I-18 Total expensesPrior year $509,184$701,070
I-19 Revenue less expensesPrior year −$144,677$3,695
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $704,765 across 7 lines filed
VIII-1b Membership dues$465,341
VIII-1f All other contributions, gifts and grants$43,880
VIII-1h Total contributions, gifts and grants$509,221
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $194,159$194,159
VIII-3 Investment incomeExcluded from tax $3$3
VIII-8 Net income from fundraising eventsExcluded from tax $1,382$1,382
VIII-12 Total revenueRelated to mission $194,159 · Unrelated business $0 · Excluded from tax $1,385$704,765
Part IX · Statement of functional expenses $701,070 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $3,130$3,130
IX-4 Benefits paid to or for membersPrograms $437,283$437,283
IX-7 Other salaries and wagesPrograms $56,469 · Management $14,117$70,586
IX-9 Other employee benefitsPrograms $1,353 · Management $338$1,691
IX-10 Payroll taxesPrograms $6,561 · Management $1,640$8,201
IX-11a Management feesPrograms $9,600 · Management $2,400$12,000
IX-11b Legal feesManagement $3,780$3,780
IX-11c Accounting feesPrograms $8,284 · Management $24,853$33,137
IX-11g Other fees for servicesPrograms $1,667 · Management $417$2,084
IX-13 Office expensesManagement $6,074$6,074
IX-19 Conferences, conventions and meetingsPrograms $121$121
IX-22 Depreciation, depletion and amortizationPrograms $49,937 · Management $12,484$62,421
IX-23 InsurancePrograms $23,607 · Management $5,902$29,509
IX-24 Other expenses (24a–d)Programs $31,053$31,053
IX-25 Total functional expensesPrograms $629,065 · Management $72,005 · Fundraising $0$701,070
Part X · Balance sheet $1,282,076 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $67,651$85,009
X-10c Land, buildings and equipment, netStart of year $1,224,230$1,161,808
X-15 Other assetsStart of year $0$35,259
X-16 Total assetsStart of year $1,291,881$1,282,076
X-25 Other liabilitiesStart of year $27,000$13,500
X-26 Total liabilitiesStart of year $27,000$13,500
X-32 Total net assets or fund balancesStart of year $1,264,881$1,268,576
X-33 Total liabilities and net assetsStart of year $1,291,881$1,282,076
Part XI · Reconciliation of net assets $1,268,576 net assets at year end
XI-1 Total revenue$704,765
XI-2 Total expenses$701,070
XI-3 Revenue less expenses$3,695
XI-4 Net assets at start of year$1,264,881
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,268,576

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.