Beta Psi Building Board FY2020 filing

Not tax-deductible

Issaquah, WAMutual-benefit / member-servingEIN 91-0750714Revenue $56K in FY2020

On file with the IRS14011 241st Pl Se, 98027-8301 · Issaquah, WATax-exempt since Oct 1935

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Maintain and operate facilities

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $35K a year · 41% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$465K
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$56K
-23% vs prior year
Spent
$106K
To programs
99%
Net assets
$196K
By yearFY2019–FY2024
Revenue
$56K
FY2020▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2019$73K
FY2020$56K
FY2021$73K
FY2022$101K
FY2023$111K
FY2024$99K
Expenses
$106K
FY2020▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2019$131K
FY2020$106K
FY2021$111K
FY2022$104K
FY2023$146K
FY2024$127K
Net assets
$196K
FY2020▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2019$246K
FY2020$196K
FY2021$158K
FY2022$154K
FY2023$87K
FY2024$60K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1935.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $105K Management & general 1% · $1K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
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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

Maintains and operates facilities for community use and benefit.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

To maintain and operate facilities for active undergraduate chapter on campus for student members.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$56K
Ln 12
Fees for servicesLn 2g$32K
Gifts and grantsLn 1h$24K
Investment incomeLn 3$214
Money outPt IX
$106K
Ln 25
Programscol B$105K
Managementcol C$1K
Owns and owesPt X
$196K
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$661K
LiabilitiesLn 26$465K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24K
Fees for servicesLn 2g$32K
Investment incomeLn 3$214
Total revenueLn 12$56K
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$106K
Cash and savings togetherLn 1–2$129K
Land, buildings, equipmentLn 10c$465K
Other assetsLn 15$67K
Total assetsLn 16$661K
LiabilitiesLn 26$465K
Net assetsLn 32$196K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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$125K$129K
Land, buildings, equipmentLn 10c$501K$465K
Total assetsLn 16$723K$661K
LiabilitiesLn 26$477K$465K
Net assetsLn 32$246K$196K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$995$995
Office expensesLn 13$10$10
OccupancyLn 16$36K$36K
InterestLn 20$20K$20K$15
Depreciation, depletion and amortizationLn 22$37K$37K
InsuranceLn 23$12K$12K
Total functional expensesLn 25$106K$105K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $99K$127K−$28K$60K 990 PDF
FY2023 $111K$146K−$35K$87K 990 PDF
FY2022 $101K$104K−$3K$154K 990 PDF
FY2021 $73K$111K−$38K$158K 990 PDF
FY2020 Viewing $56K$106K−$50K$196K 990 PDF
FY2019 $73K$131K−$58K$246K 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 $55,859 revenue, 12 lines filed
I-8 Contributions and grants$23,644
I-9 Program service revenuePrior year $72,500$32,001
I-10 Investment incomePrior year $273$214
I-11 Other revenuePrior year $188$0
I-12 Total revenuePrior year $72,961$55,859
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $130,944$105,682
I-18 Total expensesPrior year $130,944$105,682
I-19 Revenue less expensesPrior year −$57,983−$49,823
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $55,859 across 5 lines filed
VIII-1f All other contributions, gifts and grants$23,644
VIII-1h Total contributions, gifts and grants$23,644
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,001$32,001
VIII-3 Investment incomeRelated to mission $214$214
VIII-12 Total revenueRelated to mission $32,215$55,859
Part IX · Statement of functional expenses $105,682 across 6 lines filed
IX-11c Accounting feesManagement $995$995
IX-13 Office expensesPrograms $10$10
IX-16 OccupancyPrograms $36,498$36,498
IX-20 InterestPrograms $19,506 · Management $15$19,521
IX-22 Depreciation, depletion and amortizationPrograms $36,789$36,789
IX-23 InsurancePrograms $11,869$11,869
IX-25 Total functional expensesPrograms $104,672 · Management $1,010 · Fundraising $0$105,682
Part X · Balance sheet $660,906 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $29,884$23,233
X-2 Savings and temporary cash investmentsStart of year $94,866$105,702
X-10c Land, buildings and equipment, netStart of year $501,422$464,633
X-15 Other assetsStart of year $96,537$67,338
X-16 Total assetsStart of year $722,709$660,906
X-25 Other liabilitiesStart of year $2,000$2,000
X-26 Total liabilitiesStart of year $477,166$465,186
X-27 Net assets without donor restrictionsStart of year $245,543$195,720
X-32 Total net assets or fund balancesStart of year $245,543$195,720
X-33 Total liabilities and net assetsStart of year $722,709$660,906
Part XI · Reconciliation of net assets $195,720 net assets at year end
XI-1 Total revenue$55,859
XI-2 Total expenses$105,682
XI-3 Revenue less expenses−$49,823
XI-4 Net assets at start of year$245,543
XI-10 Net assets at end of year$195,720

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

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