Beta Theta Pi Fraternity is located in Oxford, OH. The organization was established in 1941. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 05/2023, Beta Theta Pi Fraternity employed 51 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Beta Theta Pi Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2023, Beta Theta Pi Fraternity generated $6.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $7.6m during the year ending 05/2023. While expenses have increased by 3.3% 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
BETA THETA PI FRATERNITY DEVELOPS MEN OF PRINCIPLE FOR A PRINCIPLED LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT PROGRAMS FOR COLLEGIATE MEMBERS AND VOLUNTEERS.
CHAPTER OPERATIONS: MAINTAINING AND SUPPORTING QUALITY CHAPTERS ACROSS NORTH AMERICA
HOST AN ANNUAL ORGANIZATIONAL CONVENTION TO DEVELOP MEMBERS AND VOLUNTEERS AND FACILITATE THE ANNUAL BUSINESS MEETING OF THE FRATERNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas D Cassady President | OfficerTrustee | 8 | $0 |
Ken Bryan General Treasurer | OfficerTrustee | 8 | $0 |
John Stebbins General Secretary | OfficerTrustee | 10 | $0 |
Robert S Beall Board Of Trustee Member | Trustee | 5 | $0 |
Amar Budarapu Board Of Trustee Member | Trustee | 5 | $0 |
Willie Romero Board Of Trustee Member | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $1,466,481 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $6,500 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,472,981 |
Total Program Service Revenue | $4,550,928 |
Investment income | $58,089 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $304,201 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$15,233 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $6,714 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,378,113 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $403,840 |
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. | $450,727 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,762,194 |
Pension plan accruals and contributions | $85,209 |
Other employee benefits | $309,239 |
Payroll taxes | $249,616 |
Fees for services: Management | $0 |
Fees for services: Legal | $211,764 |
Fees for services: Accounting | $70,265 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $3,777 |
Fees for services: Other | $139,769 |
Advertising and promotion | $2,460 |
Office expenses | $677,105 |
Information technology | $289,349 |
Royalties | $0 |
Occupancy | $636,452 |
Travel | $706,002 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,238,342 |
Interest | $2,101 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | -$1,731 |
Insurance | $356,306 |
All other expenses | $0 |
Total functional expenses | $7,611,188 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $595,313 |
Savings and temporary cash investments | $1,185,112 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $751,850 |
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 | $270,505 |
Net Land, buildings, and equipment | $101,399 |
Investments—publicly traded securities | $1,514,487 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,187,003 |
Total assets | $6,605,669 |
Accounts payable and accrued expenses | $698,148 |
Grants payable | $0 |
Deferred revenue | $63,535 |
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 | $84,362 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,645,288 |
Total liabilities | $5,491,333 |
Net assets without donor restrictions | $1,114,336 |
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 | $0 |
Total liabilities and net assets/fund balances | $6,605,669 |