Beta Theta Pi Fraternity
- Assets
- $7.8m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Oxford, OH
- Founding
- 10/1967
- Data as of
- 05/2023
- EIN
- 46-1120955
Organization Overview
Beta Theta Pi Fraternity is located in Oxford, OH. The organization was established in 1967. 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. 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 $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $16.6m during the year ending 05/2023. While expenses have increased by 33.7% per year over the past 2 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 PROMOTES AND DEVELOPS INTELLECT AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROOM AND BOARD: COST ASSOCIATED WITH RENT AND MEAL PLANS OF LOCAL CHAPTER LIVING FACILITIES.
NATIONAL DUES, INSURANCE, HERITAGE FUND: THESE FUNDS ARE PAID TO THE NATIONAL ORGANIZATION FOR THE PURPOSE OF DEVELOPING EDUCATIONAL RESOURCES, ADMINISTRATIVE SUPPORT, AND THE DAY-TO-DAY OPERATIONS OF THE GENERAL FRATERNITY.
FRATERNAL, SOCIAL, BROTHERHOOD, AND LEADERSHIP PROGRAMMING FOR MEMBERS: LOCAL CHAPTERS PUT ON EVENTS AND LOCAL PROGRAMMING TO FURTHER THE ORGANIZATIONS SOCIAL PURPOSE AND PROVIDE OPPORTUNITIES TO LIVE OUR CORE VALUES OF MUTUAL AID AND ASSISTANCE, CULTIVATION OF THE INTELLECT, RESPONSIBLE SOCIAL CONDUCT, TRUST, AND INTEGRITY.
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Board, Officers & Key Employees
| 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 |
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 | $522,051 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,051 |
| Total Program Service Revenue | $15,603,980 |
| Investment income | $7,109 |
| 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 | $16,133,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,947 |
| Grants and other assistance to domestic individuals. | $288 |
| 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 | $14,950 |
| Fees for services: Accounting | $549,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,018 |
| Office expenses | $153,208 |
| Information technology | $6,079 |
| Royalties | $0 |
| Occupancy | $3,913,983 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,804 |
| Interest | $4 |
| Payments to affiliates | $4,148,519 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $40,893 |
| All other expenses | $340,184 |
| Total functional expenses | $16,598,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $1,632,390 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,044,759 |
| 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 | $110,516 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,787,666 |
| Accounts payable and accrued expenses | $74,713 |
| Grants payable | $0 |
| Deferred revenue | $6,044,759 |
| 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 | $418,321 |
| Total liabilities | $6,537,793 |
| 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 | $1,249,873 |
| Total liabilities and net assets/fund balances | $7,787,666 |
Grants Awarded
Over the last fiscal year, Beta Theta Pi Fraternity has awarded $48,828 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S ADVOCACY CENTER OF THE NRV PURPOSE: PHILANTHROPIC GIFT | $16,389 |
BOYS AND GIRLS CLUB OF TH BRAZOS VALLEY PURPOSE: PHILANTHROPIC GIFT | $6,000 |
PERKINS K-8 SCHOOL PURPOSE: PHILANTHROPIC GIFT | $15,000 |
THOMAS MILOSCIA FOUNDATION PURPOSE: PHILANTHROPIC GIFT | $5,239 |
WOODS HUMANE SOCIETY PURPOSE: PHILANTHROPIC GIFT | $6,200 |