Gamma Beta Phi Society FY2021 filing

Tax-deductible

Knoxville, TN501(c)(3)Since 1964EIN 57-6028433Revenue $498K in FY2021

On file with the IRSgammabetaphi.orgPo Box 50066, 37950-0066 · Knoxville, TNTax-exempt since May 1966Publicly supported — 509(a)(2)

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Recognition of academic achievement

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 6
filings with a surplus
Average deficit $20K a year · 6% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
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
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$498K
+34% vs prior year
Spent
$414K
To programs
80%
Net assets
$145K
By yearFY2020–FY2025
Revenue
$498K
FY2021▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$371K
FY2021$498K
FY2022$263K
FY2023$353K
FY2024$269K
FY2025$217K
Expenses
$414K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$434K
FY2021$414K
FY2022$302K
FY2023$343K
FY2024$362K
FY2025$236K
Net assets
$145K
FY2021▲ +142%
Tap a bar for its year
Net assets by fiscal year
FY2020$60K
FY2021$145K
FY2022$106K
FY2023$117K
FY2024$31K
FY2025$17K

From the FY2021 Form 990 (year ending June 2021) · see the original

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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 May 1966.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $332K Management & general 20% · $81K

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

10 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Natl Exec Director
$4,615Pt VII · Sec A
Nec Student Member
$0Pt VII · Sec A
Chapter Advisor
$0Pt VII · Sec A
Nec Student Member
$0Pt VII · Sec A
Nec Student Member
$0Pt VII · Sec A
Chapter Advisor
$0Pt VII · Sec A
Professional Member
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Craig Pickett JR—————$71,146
April McMillan———$61,886$4,615—
Sharon Jean-Philippe$24,000$22,000$23,500——$15,400
Nikki Simpson—$20,000$22,000———

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

Recognizes and celebrates outstanding academic accomplishments.

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Provided by the organization

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1 program · $332K · in their own filed words · FY2020
01

Promotion of academic excellence through recognition of achievement by way of awards

$332Kprogram expense

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 · 2 grants · $37K · 2022–2023
Unitemized GrantFY2023$19,625
Unitemized GrantFY2022$17,290

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$498K
Ln 12
Gifts and grantsLn 1h$420K
Other incomeLn 4–11$78K
Investment incomeLn 3$48
Money outPt IX
$414K
Ln 25
Programscol B$332K
Managementcol C$81K
Owns and owesPt X
$145K
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$170K
LiabilitiesLn 26$25K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$420K
Investment incomeLn 3$48
Other incomeLn 4–11$78K
Total revenueLn 12$498K
Assets in detailPt X, end of year
CashLn 1$154K
Cash and savings togetherLn 1–2$154K
Land, buildings, equipmentLn 10c$541
Total assetsLn 16$170K
LiabilitiesLn 26$25K
Net assetsLn 32$145K
OperationsPt I, VI
EmployeesI 52
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 FY21End FY21
Cash and savingsLn 1–2$80K$154K
Land, buildings, equipmentLn 10c$541
Total assetsLn 16$86K$170K
LiabilitiesLn 26$26K$25K
Net assetsLn 32$60K$145K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8K$8K
Pay of current officers, directors and key staffLn 5$5K$5K
Other salaries and wagesLn 7$138K$103K$35K
Payroll taxesLn 10$12K$9K$3K
Legal feesLn 11b$120$120
Accounting feesLn 11c$4K$4K
Office expensesLn 13$57K$33K$24K
Information technologyLn 14$17K$17K
OccupancyLn 16$33K$28K$5K
TravelLn 17$8K$8K
Payments to affiliatesLn 21$51K$51K
Depreciation, depletion and amortizationLn 22$135$135
InsuranceLn 23$342$342
Other expenses (24a–d)Ln 24$81K$75K$6K
Total functional expensesLn 25$414K$332K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $217K$236K−$19K$17K 990 PDF
FY2024 $269K$362K−$93K$31K 990 PDF
FY2023 $353K$343K$10K$117K 990 PDF
FY2022 $263K$302K−$38K$106K 990 PDF
FY2021 Viewing $498K$414K$85K$145K 990 PDF
FY2020 $371K$434K−$64K$60K 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 (6 parts)
Part I · Summary $498,385 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $346,917$420,309
I-9 Program service revenue$0
I-10 Investment incomePrior year $92$48
I-11 Other revenuePrior year $23,812$78,028
I-12 Total revenuePrior year $370,821$498,385
I-13 Grants and similar amounts paid$7,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $166,936$155,142
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $267,548$250,950
I-18 Total expensesPrior year $434,484$413,592
I-19 Revenue less expensesPrior year −$63,663$84,793
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $498,385 across 5 lines filed
Lines not itemized here account for $78,028 of total revenue; see the IRS return.
VIII-1b Membership dues$393,984
VIII-1f All other contributions, gifts and grants$26,325
VIII-1h Total contributions, gifts and grants$420,309
VIII-3 Investment incomeRelated to mission $48$48
VIII-12 Total revenueRelated to mission $78,076 · Unrelated business $0 · Excluded from tax $0$498,385
Part IX · Statement of functional expenses $413,592 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $7,500$7,500
IX-5 Pay of current officers, directors and key staffManagement $4,615$4,615
IX-7 Other salaries and wagesPrograms $103,278 · Management $35,000$138,278
IX-10 Payroll taxesPrograms $9,249 · Management $3,000$12,249
IX-11b Legal feesManagement $120$120
IX-11c Accounting feesManagement $3,500$3,500
IX-13 Office expensesPrograms $33,000 · Management $23,694$56,694
IX-14 Information technologyPrograms $17,337$17,337
IX-16 OccupancyPrograms $28,037 · Management $5,000$33,037
IX-17 TravelPrograms $7,718$7,718
IX-21 Payments to affiliatesPrograms $51,240$51,240
IX-22 Depreciation, depletion and amortizationManagement $135$135
IX-23 InsuranceManagement $342$342
IX-24 Other expenses (24a–d)Programs $75,027 · Management $5,800$80,827
IX-25 Total functional expensesPrograms $332,386 · Management $81,206 · Fundraising $0$413,592
Part X · Balance sheet $169,588 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $79,903$153,861
X-8 Inventories for sale or useStart of year $5,378$15,186
X-10c Land, buildings and equipment, net$541
X-16 Total assetsStart of year $86,151$169,588
X-19 Deferred revenueStart of year $26,325$25,008
X-26 Total liabilitiesStart of year $26,364$25,008
X-32 Total net assets or fund balancesStart of year $59,787$144,580
X-33 Total liabilities and net assetsStart of year $86,151$169,588
Part XI · Reconciliation of net assets $144,580 net assets at year end
XI-1 Total revenue$498,385
XI-2 Total expenses$413,592
XI-3 Revenue less expenses$84,793
XI-4 Net assets at start of year$59,787
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$144,580

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

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