Society Of Beta Sigma Psi
- Assets
- $15.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Urbana, IL
- Founding
- 04/1945
- Data as of
- 12/2022
- EIN
- 37-0750777
Organization Overview
Society Of Beta Sigma Psi is located in Urbana, IL. The organization was established in 1945. 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 subordinate organization within an affiliated group for tax-exemption purposes. Society Of Beta Sigma Psi is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Society Of Beta Sigma Psi generated $70.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $63.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WE HAVE WORKED WITH AND RAISED MONEY WITH MANY LUTHREN ORGANIZATIONS THAT ARE APART OF THE UNIVERISTY OF ILLINOIS SYSTEM FOR THE BETTERMENT OF STUDENTS AND STAFF ALIKE. THIS IS TO INCLUDE THEIR MENTAL AND PHYSICAL WELL BEING WHILE ON CAMPUS AS WELL AS CREATING A INCLUSIVE AND OPEN ENVIROMENT FOR LUTHREN AND ANY AND ALL RELIGIOUS DENOMINATIONS ON CAMPUS. WE HAVE ALSO HELPED RAISE FUNDS FOR R.A.C.E.S AND HABITAT FOR HUMANITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Arendt President | 5 | $0 | |
Ethan Melman Treasurer | 5 | $0 | |
Nicholas Talley 1st VP | 5 | $0 | |
Ben Dirst Housing Manager, 2nd VP | 5 | $0 | |
Andrew An Social Chair | 5 | $0 | |
Chris Comiso Philanthropy Chair | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $66,000 |
| Membership dues | $4,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $36,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,719 |
| Total expenses | $63,719 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,277 |
| Other assets | $0 |
| Total assets | $15,277 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,277 |