Beta Gamma Sigma Inc is located in Saint Louis, MO. The organization was established in 1988. 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 06/2022, Beta Gamma Sigma Inc employed 11 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Beta Gamma Sigma Inc 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 06/2022, Beta Gamma Sigma Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HONOR ACADEMIC ACHIEVEMENT, CULTIVATE PROFESSIONAL EXCELLENCE, AND SERVE MEMBERS.
Describe the Organization's Program Activity:
ACADEMIC RECOGNITION- RECOGNITION TO OUTSTANDING BUSINESS STUDENTS, FACULTY MEMBERS AND BUSINESSPEOPLE, TO ENCOURAGE AND IMPROVE ACADEMIC PERFORMANCE AMONG OVER 900,000 MEMBERS FROM 617 CHAPTERS. 21,048 MEMBERS RECEIVED INTERNATIONAL AND LIFETIME RECOGNITION.
ALUMNI NETWORK: THE BETA GAMMA SIGMA (BGS) ALUMNI NETWORK CONNECTS MEMBERS BOTH VIRTUALLY AND IN-PERSON. PROVIDING PROFESSIONAL NETWORKING OPPORTUNITIES, PROFESSIONAL DEVELOPMENT, SOCIAL EVENTS AND SERVICE OPPORTUNITIES TO LOCAL COMMUNITIES, THE NETWORK INCREASES BGS' WORLDWIDE PRESENCE WHILE PROVIDING LIFETIME VALUE TO OUR MEMBERS. IN FY 2021-2022, THERE WERE 65 MEMBER EVENTS HELD WORLDWIDE, THROUGH 32 ALUMNI CHAPTERS AND 20 NETWORKING GROUPS. THE NETWORK IS FURTHER SUPPORTED BY BGS PROGRAMS. SERVICE OPPORTUNITIES ARE SUPPORTED THROUGH OUR WORLD-WIDE PARTNERSHIP WITH JUNIOR ACHIEVEMENT, THROUGH WHICH ALUMNI CHAPTERS CAN EASILY PLAN VOLUNTEER ACTIVITIES. THE BGS ALUMNI CAREER DESIGN PROGRAM SUPPORTS OUR ALUMNI MEMBERS' LONG-TERM CAREER SUCCESS, BY PROVIDING COACHING IN CAREER-PATHING AND GOAL SETTING. THIS VIRTUAL PROGRAM ALSO PROVIDES NETWORKING OPPORTUNITIES, AS ALUMNI MEMBERS COMPLETE THE PROGRAM IN COHORT GROUPS OF APPROXIMATELY 50 MEMBERS AT A TIME. MEMBERS SUPPORT ONE ANOTHER THROUGHOUT THE PROGRAM AND HAVE THE OPPORTUNITY TO MAKE LIFELONG CONNECTIONS. FURTHERMORE, BGS CAREER CENTRAL SUPPORTS OUR ALUMNI MEMBERS' PROFESSIONAL DEVELOPMENT AND CAREER OUTLOOK BY PROVIDING ACCESS TO CURATED CAREER CONTENT, PROGRAMS, WEBINARS AND EXCLUSIVE MEMBER OFFERS. THE BGS ADVANTAGE WEBINAR SERIES OFFERED FREE HOUR-LONG WEBINARS FOR ALL BGS MEMBERS. EACH TOPIC WAS UNIQUE BUT HAD THE OVERARCHING GOAL OF PROVIDING CAREER ADVICE, INSIGHT AND PROFESSIONAL SKILL BUILDING, LEVERAGING SUBJECT MATTER EXPERTS AND PARTNERS OF BGS.
SDGS LAUNCH - BETA GAMMA SIGMA BELIEVES BUSINESS IS A FORCE FOR GLOBAL GOOD, WHICH IS WHY WE PARTNERED WITH THE FOUNDATION FOR ENVIRONMENTAL STEWARDSHIP (FES) AND THE SDGS LAUNCH PROJECT TO BRING MEMBERS A CONFERENCE THAT CONNECTS, EDUCATES, AND EMPOWERS PARTICIPANTS TO BE CATALYSTS FOR CHANGE IN THEIR COMMUNITIES. THROUGH SEVERAL SPEAKERS, WORKSHOPS, AND A CASE COMPETITION, PARTICIPANTS HAVE THE OPPORTUNITY TO REFLECT AND BUILD ON THEIR UNDERSTANDING OF SUSTAINABLE DEVELOPMENT. THE PROGRAM CONSISTED OF BOTH LIVE AND PRE-RECORDED VIRTUAL SETTINGS THAT TOOK PLACE OVER FOUR DAYS NOVEMBER 11TH-14TH. PARTICIPANTS HAD THE OPPORTUNITY TO WORK WITH FELLOW STUDENTS AROUND THE GLOBE THROUGH A CASE COMPETITION. LASTLY, ALL BGS MEMBERS HAD A CHANCE TO TAKE PART IN OUR PRE-LAUNCH OF THE EVENT BY JOINING ONE OF OUR PARTNER VIRTUAL ROUNDTABLE DISCUSSIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christina Allrich Executive Director | Officer | 37.5 | $132,547 |
Marielle G Heijltjes Immediate Past Board Chair | OfficerTrustee | 2 | $0 |
Bernard J Milano Secretary/treasurer | OfficerTrustee | 2 | $0 |
Mary A Gowan Board Chair | OfficerTrustee | 2 | $0 |
Caryn Beck-Dudley Director | Trustee | 1 | $0 |
Narjess Boubakri Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,541,203 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $190,087 |
All other contributions, gifts, grants, and similar amounts not included above | $132,426 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,863,716 |
Total Program Service Revenue | $71,618 |
Investment income | $78,090 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $108,627 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $72,107 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,194,158 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $4,166 |
Grants and other assistance to Foreign Orgs/Individuals | $4,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $163,535 |
Compensation of current officers, directors, key employees. | $81,767 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $476,414 |
Pension plan accruals and contributions | $17,512 |
Other employee benefits | $51,260 |
Payroll taxes | $43,185 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,364 |
Fees for services: Accounting | $30,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $26,999 |
Fees for services: Other | $38,829 |
Advertising and promotion | $27,708 |
Office expenses | $201,238 |
Information technology | $127,374 |
Royalties | $0 |
Occupancy | $93,159 |
Travel | $14,046 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,907 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,881 |
Insurance | $13,881 |
All other expenses | $0 |
Total functional expenses | $1,404,865 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $660,864 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $53,293 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $64,019 |
Prepaid expenses and deferred charges | $125,648 |
Net Land, buildings, and equipment | $2,373 |
Investments—publicly traded securities | $0 |
Investments—other securities | $3,323,942 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,230,139 |
Accounts payable and accrued expenses | $97,155 |
Grants payable | $0 |
Deferred revenue | $1,000 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $163,664 |
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 | $261,819 |
Net assets without donor restrictions | $3,935,233 |
Net assets with donor restrictions | $33,087 |
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 | $4,230,139 |
Over the last fiscal year, we have identified 5 grants that Beta Gamma Sigma Inc has recieved totaling $57,350.
Awarding Organization | Amount |
---|---|
Kpmg U S Foundation Inc Montvale, NJ PURPOSE: GENERAL SUPPORT | $25,000 |
Aacsb International The Association To Advance Collegiate Schools Of Tampa, FL PURPOSE: SUPPORT FOR THE GLOBAL LEADERSHIP SUMMIT | $10,000 |
Aacsb International The Association To Advance Collegiate Schools Of Tampa, FL PURPOSE: SUPPORT FOR THE GLOBAL LEADERSHIP SUMMIT | $10,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,175 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,175 |
Organization Name | Assets | Revenue |
---|---|---|
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |
Alumni Association University Of Nebraska Lincoln, NE | $18,158,198 | $3,537,579 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |
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 |
Alpha Phi International Fraternity Chicago, IL | $317,269 | $2,685,882 |
Phi Gamma Delta Educational Foundation Lexington, KY | $23,695,128 | $3,021,786 |