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Beta Theta Pi Fraternity FY2023 filing

Not tax-deductible

Norman, OK501(c)(7)Mutual / membership EIN 73-0582839Revenue $779K in FY2023Latest return filed Jan 23, 2026

On file with the IRS1300 McGee Dr Ste 101, 73072-5858 · Norman, OKTax-exempt since Oct 1967

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Provide a wholesome, enriching environment for Fraternity men.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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
3 of 6
filings with a surplus
Average deficit $22K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
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
$39K
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
210
of 210 voting members
Looks good: 210 of 210 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$779K
-10% vs prior year
Spent
$1.1M
To programs
0%
Net assets
$35K
By yearFY2020–FY2025
Revenue
$779K
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$846K
FY2021$913K
FY2022$868K
FY2023$779K
FY2024$1.0M
FY2025$958K
Expenses
$1.1M
FY2023▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$745K
FY2021$957K
FY2022$830K
FY2023$1.1M
FY2024$856K
FY2025$1.1M
Net assets
$35K
FY2023▼ -89%
Tap a bar for its year
Net assets by fiscal year
FY2020$330K
FY2021$285K
FY2022$323K
FY2023$35K
FY2024$192K
FY2025$99K

From the FY2023 Form 990 (year ending May 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 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 Oct 1967.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $1.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Zach Tovy
President
$0Pt VII · Sec A
Tucker Dunn
Vice President
$0Pt VII · Sec A
Ira Studebaker
Vice President
$0Pt VII · Sec A
Braxton Brown
Vice President
$0Pt VII · Sec A
Jared Schnek
Chairman
$0Pt VII · Sec A
John McKee
House Manager
$0Pt VII · Sec A
$0Pt VII · Sec A
Parker Brown
Chairman
$0Pt VII · Sec A
See Beta Theta Pi Fraternity executive salaries →

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 15aYes

Programs and updates

Offers a healthy, enriching environment for fraternity members.

Questions for Beta Theta Pi Fraternity

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By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$779K
Ln 12
Other incomeLn 4–11$777K
Investment incomeLn 3$1K
Money outPt IX
$1.1M
Ln 25
Managementcol C$1.1M
Owns and owesPt X
$35K
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$74K
LiabilitiesLn 26$39K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a210
IndependentVI 1b210
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1K
Other incomeLn 4–11$777K
Total revenueLn 12$779K
Assets in detailPt X, end of year
CashLn 1$74K
Cash and savings togetherLn 1–2$74K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$74K
LiabilitiesLn 26$39K
Net assetsLn 32$35K
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 FY23End FY23
Cash and savingsLn 1–2$380K$74K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$380K$74K
LiabilitiesLn 26$57K$39K
Net assetsLn 32$323K$35K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$4K$4K
Other expenses (24a–d)Ln 24$1.1M$1.1M
Total functional expensesLn 25$1.1M$0$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 23, 2026 $958K$1.1M−$92K$99K 990 PDF
FY2024Filed with the IRS Jun 16, 2025 $1.0M$856K$157K$192K 990 PDF
FY2023 ViewingFiled with the IRS Nov 15, 2023 $779K$1.1M−$288K$35K 990 PDF
FY2022Filed with the IRS Jul 18, 2022 $868K$830K$38K$323K 990 PDF
FY2021Filed with the IRS Nov 12, 2021 $913K$957K−$45K$285K 990 PDF
FY2020Filed with the IRS Jun 3, 2021 $846K$745K$101K$330K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $778,643 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $178$1,248
I-11 Other revenuePrior year $868,015$777,395
I-12 Total revenuePrior year $868,193$778,643
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $829,909$1,066,734
I-18 Total expensesPrior year $829,909$1,066,734
I-19 Revenue less expensesPrior year $38,284−$288,091
Part VI · Governance 210 of 210 board members independent, 3 to look at
VI-1a Voting members of the governing body210
VI-1b Independent voting members210
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $778,643 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $1,248$1,248
VIII-6 Net rental income or lossRelated to mission $777,395$777,395
VIII-12 Total revenueRelated to mission $777,395 · Unrelated business $0 · Excluded from tax $1,248$778,643
Part IX · Statement of functional expenses $1,066,734 across 3 lines filed
IX-11b Legal feesManagement $1,022$1,022
IX-11c Accounting feesManagement $4,150$4,150
IX-24 Other expenses (24a–d)Management $1,061,562$1,061,562
IX-25 Total functional expensesPrograms $0 · Management $1,066,734 · Fundraising $0$1,066,734
Part X · Balance sheet $74,184 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $380,230$74,184
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $380,230$74,184
X-17 Accounts payable and accrued expensesStart of year $57,119$39,164
X-26 Total liabilitiesStart of year $57,119$39,164
X-32 Total net assets or fund balancesStart of year $323,111$35,020
X-33 Total liabilities and net assetsStart of year $380,230$74,184
Part XI · Reconciliation of net assets $35,020 net assets at year end
XI-1 Total revenue$778,643
XI-2 Total expenses$1,066,734
XI-3 Revenue less expenses−$288,091
XI-4 Net assets at start of year$323,111
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$35,020

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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