Beta Upsilon Chi Foundation INC EIN 74-2911848

Beta Upsilon Chi Foundation INC

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Unites college men through Christian brotherhood and shared faith. For fiscal year 2024 it reported $929K in revenue, $864K in expenses, and $676K in net assets.Pt I

Founded
1985
Type
Public charity (501(c)(3)) · Education
Location
Ft Worth, TX
Website
www.betaupsilonchi.org
Filings
5 on file (2020–2024)
Revenue
$929KFY2024
Expenses
$864K
Net assets
$676K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-2911848 Public charity (501(c)(3)) Ft Worth, TX Founded 1985
Form 990 (PDF)
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Size
$100K–1M
What they do
Unites college men through Christian brotherhood and shared faith.
Leadership
Jason Hoyt · Executive Director · $125K
Money in and out
$929K revenue, $864K expenses
Bottom line
72% program efficiency
Where the money goes · FY2024
Total revenue
$929K
Pt VIII · Ln 12
Total expenses
$864K
Pt IX · Ln 25
Net assets
$676K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $66K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.24 Fundraising $0.04
Program efficiency
72%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
9.4mo
months of highly liquid reserves at operating expense rate▲ +16% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +16% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$929K
FY2024▼ -10%
Expenses
$864K
FY2024▼ -11%
Total assets
$768K
FY2024▲ +8%
Total liabilities
$92K
FY2024▼ -22%
Total revenue
$929K
Pt VIII · Ln 12
Total expenses
$864K
Pt IX · Ln 25
Net assets
$676K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$66K
Total assetsPt X · Ln 16$768K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $622K of program spending, described in the organization's own filed words · FY2024.
01

Development of christian brotherhood of college-aged men on university campuses.

$496Kprogram expense
02

Officer development EVENTS1) national leadership SUMMIT2) presidents' CIRCLE3) pledge captain CIRCLE4) chaplain circle

$65Kprogram expense
03

Cor leadership retreat

$61Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBeta Upsilon Chi Foundation INC
EINHdr · item D74-2911848
Principal addressHdr · item CFt Worth, TX
WebsiteHdr · item Jwww.betaupsilonchi.org
Year of formationHdr · item L1985
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B83)
Ruling yearIRS BMFSep 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$125,250Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jason Hoyt’s $125K as Executive Director is at the 92nd percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jason Hoyt$125,250$120,831$125,573$122,775$112,090$117,165
Brian Lee$53,490$118,848
Wendel Weaver$3,125

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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Statement of Revenue

Part VIII
Contributions & grants$870K · 94%
Other revenue$45K · 5%
Investment income$15K · 2%
Contributions & grants94%$870K
Other revenue5%$45K
Investment income2%$15K
Total revenueLn 12$929K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.24 Fundraising $0.04
Program services72%$622K
Management & general24%$208K
Fundraising4%$33K
Total functional expensesLn 25$864K

Balance Sheet

Part X · end of year
CashLn 1$286K
Total assetsLn 16$768K
Total liabilitiesLn 26$92K
Total net assetsLn 32$676K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $677K · Operating expenses/yr $864K
9.4 months
Where the money goes
Program services
Program services $622K · Total expenses $864K
72%
Management & General
Management & general $208K · Total expenses $864K
24%
Fundraising
Fundraising $33K · Total expenses $864K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $864K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $870K · Total revenue $929K
94%
Government reliance
Government grants — · Total revenue $929K
Earned-income share
Program service revenue $0 · Total revenue $929K
0%
Investment reliance
Investment income $15K · Total revenue $929K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $864K
0%
Growth & trend
Revenue growth (YoY)
This year $929K · Prior year $1.0M
-10%
Revenue CAGR
FY2019 $1.3M · FY2024 $929K
-7%
Net-asset trend (YoY)
End of year $676K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $929K · Expenses $864K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $768K
Net-asset ratio
Net assets $676K · Total assets $768K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $391K · Total assets (Pt X, ln 16) $768K
51%
People & payroll
Highest Reported Total Compensation
Individual Jason Hoyt · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $125K · Total expenses $864K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $330K · Total expenses $864K
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 24%
Fundraising cost ratio 4%
Revenue growth -10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 6 grants · $562K · 2019–2024
Unitemized GrantFY2024$121,694
Unitemized GrantFY2023$119,722
Unitemized GrantFY2022$116,908
Unitemized GrantFY2021$113,598
Unitemized GrantFY2020$33,210
Unitemized GrantFY2019$56,669

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.0M revenue · ⤓ 990 PDF
FY2023$794K revenue · ⤓ 990 PDF
FY2022$757K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$1.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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