Beta Upsilon Chi Operational
- Assets
- $1.6m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Ft Worth, TX
- Founding
- 02/2003
- Data as of
- 07/2023
- EIN
- 02-0634996
Organization Overview
Beta Upsilon Chi Operational is located in Ft Worth, TX. The organization was established in 2003. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 07/2023, Beta Upsilon Chi Operational employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beta Upsilon Chi Operational is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2023, Beta Upsilon Chi Operational generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $5.3m during the year ending 07/2023. While expenses have increased by 14.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH BROTHERHOOD AND UNITY AMONG COLLEGE MEN BASED ON THE COMMON BOND OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEEKLY MEETINGS TO AID IN THE DEVELOPMENT OF CHRISTIAN BROTHERHOOD AMONG COLLEGE AGED MEN ON UNIVERSITY CAMPUSES. TOTAL NUMBER OF PARTICIPANTS - 2,300
TO PROVIDE HOUSING TO THE MEMBERS OF BETA UPSILON CHI.
SOCIAL EVENTS - 100+ SOCIAL EVENTS AT A VARIETY OF CAMPUSES TO ACHIEVE CHRISTIAN BROTHERHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Hoyt Executive Director Of Foundation | Trustee | 5 | $0 |
Gabe Mckinney Executive Director Of Fraternity | Trustee | 40 | $83,935 |
Name Not Listed Board Member | 5 | $0 | |
Name Not Listed Board Member | 5 | $0 | |
Name Not Listed Board Member | 5 | $0 | |
Name Not Listed Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,763,012 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $673,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,436,858 |
| Total Program Service Revenue | $1,810,980 |
| Investment income | $3,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $210,627 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$22,760 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,438,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,701 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,936 |
| Compensation of current officers, directors, key employees. | $4,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $303,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,500 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,435 |
| Fees for services: Accounting | $27,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,599 |
| Office expenses | $520,219 |
| Information technology | $12,389 |
| Royalties | $0 |
| Occupancy | $130,991 |
| Travel | $72,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,740 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,294 |
| All other expenses | $0 |
| Total functional expenses | $5,319,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,121,032 |
| Savings and temporary cash investments | $320,813 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,840 |
| Total assets | $1,582,685 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $253,871 |
| Total liabilities | $253,871 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,328,814 |
| Total liabilities and net assets/fund balances | $1,582,685 |