Beta Alpha Psi National Council
- Assets
- $3.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 02/1974
- Data as of
- 04/2022
- EIN
- 23-7046830
Organization Overview
Beta Alpha Psi National Council is located in Durham, NC. The organization was established in 1974. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Beta Alpha Psi National Council is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Beta Alpha Psi National Council generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $847.3k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Beta Alpha Psi National Council has awarded 19 individual grants totaling $253,275. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BETA ALPHA PSI IS AN INTERNATIONAL HONORARY AND SERVICE ORGANIZATION FOR ACCOUNTING, FINANCE AND INFORMATION SYSTEMS STUDENTS AT AACSB- OR EQUIS-ACCREDITED UNIVERSITIES. IT PROVIDES OPPORTUNITIES FOR DEVELOPMENT OF TECHNICAL AND PROFESSIONAL SKILLS TO COMPLEMENT UNIVERSITY EDUCATION; PARTICIPATION IN COMMUNITY SERVICE; AND INTERACTION AMONG STUDENTS, FACULTY AND PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL AND NATIONAL CHAPTERS PROVIDE ENCOURAGEMENT AND RECOGNITION TO MEMBERS FOR SCHOLASTIC AND PROFESSIONAL EXCELLENCE IN THE FIELD OF ACCOUNTING, FINANCE AND INFORMATION SYSTEMS THROUGH VARIOUS AWARDS AND PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Mcguire Outgoing Past President | OfficerTrustee | 2 | $0 |
Scott Mcquillan President | OfficerTrustee | 3 | $0 |
Rita Grant Past President, Outgoing Chapter Advocate | OfficerTrustee | 3 | $0 |
Alicia Fleri At-Large Director - Digital | Trustee | 3 | $0 |
Barbara Ritter Dean Representative | Trustee | 1 | $0 |
Cassy Henderson Third Year Chapter Advocate | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $494,399 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $480,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $975,075 |
| Total Program Service Revenue | $197,772 |
| Investment income | $2,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,201,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,514 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $358,904 |
| Fees for services: Legal | $1,152 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,970 |
| Advertising and promotion | $5,600 |
| Office expenses | $22,211 |
| Information technology | $28,759 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,884 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,473 |
| Insurance | $51,819 |
| All other expenses | $0 |
| Total functional expenses | $847,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,808,928 |
| Savings and temporary cash investments | $250,021 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,500 |
| 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 | $91,265 |
| Net Land, buildings, and equipment | $3,655 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,196,369 |
| Accounts payable and accrued expenses | $54,574 |
| Grants payable | $0 |
| Deferred revenue | $325,899 |
| 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 | $0 |
| Total liabilities | $380,473 |
| Net assets without donor restrictions | $2,633,956 |
| Net assets with donor restrictions | $181,940 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,196,369 |
Grants Awarded
Over the last fiscal year, Beta Alpha Psi National Council has awarded $47,125 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Vienna, VA PURPOSE: RESTRICTED SUPPORT | $35,000 |
Tempe, AZ PURPOSE: CHAPTER SUPPORT | $6,750 |
Seattle, WA PURPOSE: CHAPTER SUPPORT | $5,375 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Beta Alpha Psi National Council has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Institute Of Management Accountants Inc Montvale, NJ PURPOSE: SPONSORSHIP/AWARDS | $6,500 |
Institute Of Management Accountants Inc Montvale, NJ PURPOSE: SPONSORSHIP/AWARDS | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Kappa Phi Properties Inc Charlotte, NC | $36,157,884 | $10,688,194 |
Sigma Phi Epsilon Fraternity Inc Richmond, VA | $54,140,029 | $10,282,777 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Omega Psi Phi Fraternity Decatur, GA | $10,119,312 | $8,150,669 |
Nautilus Management Inc Memphis, TN | $16,834,211 | $2,172,564 |
The Tau Beta Pi Association Inc Knoxville, TN | $43,758,884 | $4,633,459 |
Sigma Nu Educational Foundation Inc Lexington, VA | $16,834,611 | $2,302,992 |
Pi Kappa Phi Foundation Charlotte, NC | $14,162,556 | $2,105,535 |
Alpha Omega Clinic And Consultation Fairfax, VA | $317,274 | $1,917,356 |
Kappa Alpha Order Educational Foundation Lexington, VA | $13,471,837 | $4,116,886 |
Phi Mu Foundation Peachtree City, GA | $11,103,093 | $1,619,138 |
Alpha Gamma Delta Fraternity Athens, GA | $135,188 | $1,394,894 |