Gamma Beta Phi Society FY2024 filing

Tax-deductible

Knoxville, TN501(c)(3)Since 1964EIN 57-6028433Revenue $269K in FY2024

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.
93¢ of each $1 spent went to programs.
$42K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$42K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 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
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$269K
-24% vs prior year
Spent
$362K
To programs
93%
Net assets
$31K
By yearFY2020–FY2025
Revenue
$269K
FY2024▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$371K
FY2021$498K
FY2022$263K
FY2023$353K
FY2024$269K
FY2025$217K
Expenses
$362K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$434K
FY2021$414K
FY2022$302K
FY2023$343K
FY2024$362K
FY2025$236K
Net assets
$31K
FY2024▼ -74%
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 FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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

93 cents of each dollar spent went to programs.

Program services 93% · $335K Management & general 7% · $27K

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

5 people listed on the 990; $42K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$22,000Pt VII · Sec A
President
$20,000Pt VII · Sec A
Advisor Memb
$0Pt VII · Sec A
Professional
$0Pt VII · Sec A
Advisor Memb
$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 · $335K · in their own filed words · FY2023
01

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

$335Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$269K
Ln 12
Gifts and grantsLn 1h$232K
Other incomeLn 4–11$37K
Investment incomeLn 3$6
Money outPt IX
$362K
Ln 25
Programscol B$335K
Managementcol C$27K
Owns and owesPt X
$31K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$31K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$232K
Investment incomeLn 3$6
Other incomeLn 4–11$37K
Total revenueLn 12$269K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
Land, buildings, equipmentLn 10c$117
Total assetsLn 16$31K
LiabilitiesLn 26$0
Net assetsLn 32$31K
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 FY24End FY24
Cash and savingsLn 1–2$108K$28K
Land, buildings, equipmentLn 10c$194$117
Total assetsLn 16$117K$31K
LiabilitiesLn 26$0$0
Net assetsLn 32$117K$31K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$20K$20K
Pay of current officers, directors and key staffLn 5$42K$21K$21K
Other salaries and wagesLn 7$62K$62K
Payroll taxesLn 10$5K$5K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$41K$41K
Information technologyLn 14$12K$12K
OccupancyLn 16$45K$45K
TravelLn 17$16K$16K
Payments to affiliatesLn 21$36K$36K
Depreciation, depletion and amortizationLn 22$77$77
Other expenses (24a–d)Ln 24$79K$79K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$362K$335K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $217K$236K−$19K$17K 990 PDF
FY2024 Viewing $269K$362K−$93K$31K 990 PDF
FY2023 $353K$343K$10K$117K 990 PDF
FY2022 $263K$302K−$38K$106K 990 PDF
FY2021 $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 FY2024 990 (6 parts)
Part I · Summary $269,005 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $325,214$232,374
I-9 Program service revenue$0
I-10 Investment incomePrior year $19$6
I-11 Other revenuePrior year $27,699$36,625
I-12 Total revenuePrior year $352,932$269,005
I-13 Grants and similar amounts paidPrior year $17,290$19,625
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $81,809$108,623
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $243,581$233,993
I-18 Total expensesPrior year $342,680$362,241
I-19 Revenue less expensesPrior year $10,252−$93,236
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $269,005 across 5 lines filed
Lines not itemized here account for $36,625 of total revenue; see the IRS return.
VIII-1b Membership dues$229,631
VIII-1f All other contributions, gifts and grants$2,743
VIII-1h Total contributions, gifts and grants$232,374
VIII-3 Investment incomeRelated to mission $6$6
VIII-12 Total revenueRelated to mission $36,631$269,005
Part IX · Statement of functional expenses $362,241 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $19,625$19,625
IX-5 Pay of current officers, directors and key staffPrograms $21,000 · Management $21,000$42,000
IX-7 Other salaries and wagesPrograms $61,884$61,884
IX-10 Payroll taxesPrograms $4,739$4,739
IX-11b Legal feesManagement $1,134$1,134
IX-11c Accounting feesManagement $3,232$3,232
IX-13 Office expensesPrograms $41,359$41,359
IX-14 Information technologyPrograms $11,510$11,510
IX-16 OccupancyPrograms $44,537$44,537
IX-17 TravelPrograms $15,900$15,900
IX-21 Payments to affiliatesPrograms $36,097$36,097
IX-22 Depreciation, depletion and amortizationPrograms $77$77
IX-24 Other expenses (24a–d)Programs $78,518$78,518
IX-24e All other expensesManagement $1,629$1,629
IX-25 Total functional expensesPrograms $335,246 · Management $26,995 · Fundraising $0$362,241
Part X · Balance sheet $30,671 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $108,309$27,818
X-8 Inventories for sale or useStart of year $8,211$2,736
X-10c Land, buildings and equipment, netStart of year $194$117
X-16 Total assetsStart of year $116,714$30,671
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $116,714$30,671
X-33 Total liabilities and net assetsStart of year $116,714$30,671
Part XI · Reconciliation of net assets $30,671 net assets at year end
XI-1 Total revenue$269,005
XI-2 Total expenses$362,241
XI-3 Revenue less expenses−$93,236
XI-4 Net assets at start of year$116,714
XI-9 Other changes in net assets$7,193
XI-10 Net assets at end of year$30,671

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

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