Beta Theta Pi Foundation FY2020 filing

Tax-deductible

Oxford, OH501(c)(3)Since 2008EducationEIN 80-0296934Revenue $4.2M in FY2020

On file with the IRSbeta.org/foundation5134 Bonham Rd, 45056-1429 · Oxford, OHTax-exempt since Jun 2009Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the Foundation is to fund the educational mission of Beta Theta Pi fraternity.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
4 of 6
filings with a surplus
Average surplus $1.1M a year · 16% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 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
14 mo
of spending, in cash
Looks good: 13.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$750K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
Spent
$4.4M
To programs
90%
Net assets
$26.5M
By yearFY2020–FY2025
Revenue
$4.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.2M
FY2021$5.0M
FY2022$6.7M
FY2023$7.4M
FY2024$7.2M
FY2025$9.4M
Expenses
$4.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.4M
FY2021$4.3M
FY2022$4.9M
FY2023$6.0M
FY2024$7.3M
FY2025$6.7M
Net assets
$26.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$26.5M
FY2021$33.4M
FY2022$32.2M
FY2023$32.6M
FY2024$34.7M
FY2025$38.6M

From the FY2020 Form 990 (year ending May 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2009.

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% · $3.9M Management & general 3% · $130K Fundraising 7% · $297K

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

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Beta Theta Pi Foundation executive salaries →

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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 15aYes

Programs and updates

Funds the educational mission of Beta Theta Pi Fraternity.

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Provided by the organization

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3 programs · $3.9M · in their own filed words · FY2019
01

The organization provides educational grants to organizations that further the foundation's mission, as well as provide tuition scholarships to individuals attending institutions of higher education in north america.

$2.1Mprogram expense
02

Dea grants are available from restricted chapter funds and can cover the cost of construction or renovation of educational areas in the chapter house such as the library, study room, computer room, as well as educational furnishings, including computer equipment and internet access.

$1.6Mprogram expense
03

Tuition scholarships were awarded for students to attend a north american college or university.

$187Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$2K
Grants paid · 87 grants · $20.6M · 2019–2024
Beta Theta Pi Bldg Co Beta NuOH · FY2024$1,513,157
Beta Theta Pi FraternityOH · FY2024$1,443,250
Forever Alpha CompanyOH · FY2024$258,484
Unitemized GrantFY2024$210,841
Beta Theta Pi Housing CorporationFY2024$84,252
Tau Sigma Alumni AssociationFY2024$79,487
Wichita State House CorporationKS · FY2024$44,238
Unitemized GrantFY2024$26,342
Beta Theta Pi FraternityOH · FY2023$1,626,927
Beta Theta Pi Bldg Co Beta NuOH · FY2023$1,043,633
Theta Delta of Beta ThetaOH · FY2023$400,000
Forever Alpha CompanyOH · FY2023$378,056
Beta Theta Pi FraternityMA · FY2023$219,917
See all 87 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Gifts and grantsLn 1h$3.5M
Investment incomeLn 3$462K
Other incomeLn 4–11$306K
Money outPt IX
$4.4M
Ln 25
Programscol B$3.9M
Managementcol C$130K
Fundraisingcol D$297K
Owns and owesPt X
$26.5M
net assets · Ln 32
Cash and savingsLn 1–2$5.1M
Total assetsLn 16$27.3M
LiabilitiesLn 26$750K
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Noncash giftsLn 1g$338K
Investment incomeLn 3$462K
Other incomeLn 4–11$306K
Gains on assetsLn 7−$292K
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$31
SavingsLn 2$5.1M
Cash and savings togetherLn 1–2$5.1M
InvestmentsLn 11–13$19.0M
Land, buildings, equipmentLn 10c$2.0M
Total assetsLn 16$27.3M
LiabilitiesLn 26$750K
Net assetsLn 32$26.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$4.1M$5.1M
InvestmentsLn 11–13$20.3M$19.0M
Land, buildings, equipmentLn 10c$2.2M$2.0M
Total assetsLn 16$28.3M$27.3M
LiabilitiesLn 26$639K$750K
Net assetsLn 32$27.7M$26.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.6M$2.6M
Grants to domestic individualsLn 2$184K$184K
Pay of current officers, directors and key staffLn 5$261K$172K$44K$44K
Other salaries and wagesLn 7$640K$640K
Other employee benefitsLn 9$27K$27K
Payroll taxesLn 10$2K$2K
Legal feesLn 11b$11K$11K
Professional fundraising feesLn 11e$97K$97K
Investment management feesLn 11f$59K$59K
Advertising and promotionLn 12$199$199
Office expensesLn 13$128K$37K$91K
Information technologyLn 14$17K$15K$2K
OccupancyLn 16$54K$54K
TravelLn 17$34K$26K$8K
Conferences, conventions and meetingsLn 19$47K$47K
Depreciation, depletion and amortizationLn 22$145K$145K$202
InsuranceLn 23$9K$4K$5K
Other expenses (24a–d)Ln 24$64K$64K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$4.4M$3.9M$130K$297K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $9.4M$6.7M$2.7M$38.6M 990 PDF
FY2024 $7.2M$7.3M−$60K$34.7M 990 PDF
FY2023 $7.4M$6.0M$1.4M$32.6M 990 PDF
FY2022 $6.7M$4.9M$1.8M$32.2M 990 PDF
FY2021 $5.0M$4.3M$716K$33.4M 990 PDF
FY2020 Viewing $4.2M$4.4M−$128K$26.5M 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 FY2020 990 (6 parts)
Part I · Summary $4,237,409 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,742,266$3,469,387
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $917,636$462,327
I-11 Other revenuePrior year $293,365$305,695
I-12 Total revenuePrior year $4,953,267$4,237,409
I-13 Grants and similar amounts paidPrior year $4,899,809$2,760,739
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $843,396$929,764
I-16a Professional fundraising feesPrior year $94,111$96,934
I-17 Other expensesPrior year $549,827$577,974
I-18 Total expensesPrior year $6,387,143$4,365,411
I-19 Revenue less expensesPrior year −$1,433,876−$128,002
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,237,409 across 8 lines filed
Lines not itemized here account for $1,348 of total revenue; see the IRS return.
VIII-1b Membership dues$195,303
VIII-1f All other contributions, gifts and grants$3,274,084
VIII-1g Noncash contributions (included above)$338,417
VIII-1h Total contributions, gifts and grants$3,469,387
VIII-3 Investment incomeExcluded from tax $754,285$754,285
VIII-6 Net rental income or lossExcluded from tax $304,347$304,347
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$291,958−$291,958
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $768,022$4,237,409
Part IX · Statement of functional expenses $4,365,411 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $2,576,373$2,576,373
IX-2 Grants to domestic individualsPrograms $184,366$184,366
IX-5 Pay of current officers, directors and key staffPrograms $172,340 · Management $44,482 · Fundraising $44,482$261,304
IX-7 Other salaries and wagesPrograms $639,995$639,995
IX-9 Other employee benefitsPrograms $26,909$26,909
IX-10 Payroll taxesPrograms $1,556$1,556
IX-11b Legal feesManagement $11,426$11,426
IX-11e Professional fundraising feesFundraising $96,934$96,934
IX-11f Investment management feesManagement $59,079$59,079
IX-12 Advertising and promotionPrograms $199$199
IX-13 Office expensesPrograms $37,061 · Fundraising $91,294$128,355
IX-14 Information technologyPrograms $15,081 · Management $1,676$16,757
IX-16 OccupancyPrograms $54,162$54,162
IX-17 TravelPrograms $26,315 · Management $7,779$34,094
IX-19 Conferences, conventions and meetingsPrograms $47,115$47,115
IX-22 Depreciation, depletion and amortizationPrograms $145,020 · Management $202$145,222
IX-23 InsurancePrograms $3,683 · Management $5,314$8,997
IX-24 Other expenses (24a–d)Fundraising $63,832$63,832
IX-24e All other expensesPrograms $8,736$8,736
IX-25 Total functional expensesPrograms $3,938,911 · Management $129,958 · Fundraising $296,542$4,365,411
Part X · Balance sheet $27,267,482 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $30$31
X-2 Savings and temporary cash investmentsStart of year $4,067,884$5,070,851
X-3 Pledges and grants receivableStart of year $1,738,919$1,213,586
X-4 Accounts receivableStart of year $5,665$9,234
X-10c Land, buildings and equipment, netStart of year $2,165,584$2,020,362
X-11 Publicly traded securitiesStart of year $20,317,785$18,953,418
X-16 Total assetsStart of year $28,295,867$27,267,482
X-17 Accounts payable and accrued expensesStart of year $176,114$229,246
X-25 Other liabilitiesStart of year $463,285$520,372
X-26 Total liabilitiesStart of year $639,399$749,618
X-27 Net assets without donor restrictionsStart of year $9,188,058$8,595,450
X-28 Net assets with donor restrictionsStart of year $18,468,410$17,922,414
X-32 Total net assets or fund balancesStart of year $27,656,468$26,517,864
X-33 Total liabilities and net assetsStart of year $28,295,867$27,267,482
Part XI · Reconciliation of net assets $26,517,864 net assets at year end
XI-1 Total revenue$4,237,409
XI-2 Total expenses$4,365,411
XI-3 Revenue less expenses−$128,002
XI-4 Net assets at start of year$27,656,468
XI-5 Net unrealized gains (losses) on investments−$1,010,602
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,517,864

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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