Beta Beta Beta Biological Society
- Assets
- $837.5k
- Revenue
- $486.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Florence, AL
- Founding
- 08/1955
- Data as of
- 09/2023
- EIN
- 42-6020944
Organization Overview
Beta Beta Beta Biological Society is located in Florence, AL. The organization was established in 1955. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 09/2023, Beta Beta Beta Biological Society employed 7 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Beta Beta Beta Biological Society 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 09/2023, Beta Beta Beta Biological Society generated $486.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $326.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION TO STUDENTS THROUGHOUT THE US AND PUERTO RICO IN THE BIOLOGICAL FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES CHAPTERS BY SUPPLYING MATERIALS, GRANTS, AND ASSISTANCE IN THE BIOLOGICAL FIELD.
PRODUCTION OF QUARTERLY JOURNALS FOR MEMBERS AND EDUCATIONAL INSTITUTIONS.
SUPPORTS REGIONAL AND NATIONAL CONVENTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Julie Ballenger President | Officer | 10 | $0 |
Dr Olivia Long Vice President | Officer | 5 | $0 |
Dr Debra Martin Vice President | Officer | 5 | $0 |
Dr Debra Hinson Vice President | Officer | 5 | $0 |
Dr Tony Schountz Vice President | Officer | 5 | $0 |
Dr Edgar Lickey Vice President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $368,883 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,883 |
| Total Program Service Revenue | $49,297 |
| Investment income | $45,853 |
| 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 | $486,647 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,018 |
| 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 | $118,791 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,169 |
| Fees for services: Accounting | $8,225 |
| 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 | $8,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $369 |
| Insurance | $1,213 |
| All other expenses | $285 |
| Total functional expenses | $326,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,418 |
| Savings and temporary cash investments | $260,471 |
| 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 | $1,415 |
| Investments—publicly traded securities | $507,244 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $837,548 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $837,548 |
| 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 | $837,548 |