Beta Theta Pi Society Of Minnesota
- Assets
- $1.0m
- Revenue
- $124.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 12/1944
- Data as of
- 06/2022
- EIN
- 41-6035894
Organization Overview
Beta Theta Pi Society Of Minnesota is located in Minneapolis, MN. The organization was established in 1944. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Beta Theta Pi Society Of Minnesota is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Beta Theta Pi Society Of Minnesota generated $124.3k 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 (14.7%) each year. All expenses for the organization totaled $154.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES FRATERNITY HOUSING, ENVIRONMENT AND ACTIVITIES TO PROMOTE THE SOCIAL, INTELLECUTUAL AND EDUCATIONAL WELFARE FOR THE MEMBERS OF THE MN CHAPTER OF BETA THETA PI FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BETA THETA PI SOCIETY OF MN, INC IS A LIFELONG FRATERNAL ORGANIZATION BASED IN MINNEAPOLIS, MN. THE ORGANIZATION SUPPORTS THE UNDERGRADUATE CHAPTER MEMBERS OF BETA THETA PI FRATERNITY AT THE UNIVERSITY OF MINNESOTA. IT ALSO ENSURES ALUMNI MEMBERS CAN STAY CONNECTED TO BETA THET PI THROUGHOUT THEIR ENTIRE LIVES. THE MEMBERSHIP CONSISTS OF ALL BETA THETA PI ALUMNI THAT ARE ACTIVE IN THE BETA THETA PI SOCIETY OF MINNESOTA, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David W Stiff Co-Treasurer | Officer | 5 | $0 |
Mark D Churchill Vice-President | Officer | 5 | $0 |
Scott Heineman President | Officer | 5 | $0 |
Jack Liang Co-Treasurer | Officer | 5 | $0 |
Stephen G Edwards Board Member | Trustee | 5 | $0 |
William H Madden Architect Consultant | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,776 |
| Total Program Service Revenue | $101,547 |
| Investment income | $1 |
| 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 | $124,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,294 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,081 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,219 |
| Interest | $21,891 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,288 |
| Insurance | $13,234 |
| All other expenses | $0 |
| Total functional expenses | $154,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,463 |
| Savings and temporary cash investments | $1,684 |
| 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 | $979,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,318 |
| Total assets | $1,012,719 |
| 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 | $527,755 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $527,755 |
| 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 | $484,964 |
| Total liabilities and net assets/fund balances | $1,012,719 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Beta Theta Pi Society Of Minnesota has recieved totaling $12,340.
| Awarding Organization | Amount |
|---|---|
Beta Theta Pi Foundation Oxford, OH PURPOSE: DESIGNATED EDUCATIONAL AREA GRANT | $6,170 |
Beta Theta Pi Foundation Oxford, OH PURPOSE: DESIGNATED EDUCATIONAL AREA GRANT | $6,170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omega Enterprises Inc Eba Green Bay, WI | $419,566 | $1,989,091 |
Sigma Lambda Gamma National Sorority Inc Iowa City, IA | $363,211 | $683,914 |
Delta Tau Delta Fraternity Ames, IA | $14,265 | $764,487 |
Peo Sisterhood International Chapter Des Moines, IA | $1,163,643 | $728,682 |
Farm House Fraternity Inc Ames, IA | $86,673 | $644,568 |
Chi Omega Fraternity Minneapolis, MN | $163,494 | $592,068 |
Alpha Gamma Delta Fraternity Ames, IA | $145,177 | $560,203 |
Sigma Chi Fraternity Minneapolis, MN | $88,169 | $515,786 |
Gamma Phi Beta Sorority Inc Ames, IA | $64,627 | $581,753 |
Pi Sigma Epsilon Inc Milwaukee, WI | $511,121 | $648,587 |
Sigma Nu Fraternity Beta Mu Chapter Iowa City, IA | $52,489 | $439,030 |
Gamma Phi Beta Sorority Inc Iowa City, IA | $451,815 | $470,283 |