Beta Upsilon Chi
- Assets
- $904.9k
- Revenue
- $1.2m
- Investments
- $282.6k
- Employees
- 16
- Location
- Ft Worth, TX
- Founding
- 09/2003
- Data as of
- 07/2021
- EIN
- 74-2911848
Organization Overview
Beta Upsilon Chi is located in Ft Worth, TX. The organization was established in 2003. 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 07/2021, Beta Upsilon Chi employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beta Upsilon Chi 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 07/2021, Beta Upsilon Chi generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.1m during the year ending 07/2021. While expenses have increased by 3.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH BROTHERHOOD AND UNITY AMONG COLLEGE MEN BASED ON THE COMMON BOND OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF CHRISTIAN BROTHERHOOD OF COLLEGE AGE MEN ON UNIVERSITY CAMPUSES.
OFFICER DEVELOPMENT EVENTS1) NATIONAL LEADERSHIP SUMMIT2) PRESIDENTS' CIRCLE3) PLEDGE CAPTAIN CIRCLE
COR LEADERSHIP RETREAT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Hoyt President Of Foundation | Trustee | 10 | $112,090 |
Name Not Listed Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $545,702 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $576,292 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,221,544 |
| Total Program Service Revenue | $0 |
| Investment income | $4,151 |
| 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 | $1,236,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,210 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,923 |
| Compensation of current officers, directors, key employees. | $9,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,076 |
| Payroll taxes | $37,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,216 |
| Fees for services: Accounting | $52,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,684 |
| Advertising and promotion | $41,230 |
| Office expenses | $45,128 |
| Information technology | $8,782 |
| Royalties | $0 |
| Occupancy | $4,528 |
| Travel | $34,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,574 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,860 |
| All other expenses | $0 |
| Total functional expenses | $1,052,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $607,510 |
| Savings and temporary cash investments | $11,503 |
| 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 | $3,248 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $282,593 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $904,854 |
| 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 | $63,731 |
| Total liabilities | $63,731 |
| Net assets without donor restrictions | $483,857 |
| Net assets with donor restrictions | $357,266 |
| 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 | $904,854 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Beta Upsilon Chi has recieved totaling $76,346.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $38,427 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $25,100 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,319 |
Van Konynenburg Foundation Pacific Palisades, CA PURPOSE: SUPPORT PROGRAMS FOR COLLEGE MEN | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Delta Delta National House Corporation Dallas, TX | $74,724,969 | $16,270,605 |
Delta Delta Delta Park Street Properties Llc Dallas, TX | $1,524,558 | $6,844,854 |
Honor Society Of Phi Kappa Phi Baton Rouge, LA | $65,517,375 | $6,309,664 |
Tri Delta Housing Inc Dallas, TX | $3,409,218 | $1,400,485 |
Delta Kappa Gamma Society Austin, TX | $10,208,781 | $2,395,824 |
Zeta Beta Tau Fraternity Dallas, TX | $286,134 | $1,671,786 |
Delta Iota House Association Of Kappa Gamma Fraternity Baton Rouge, LA | $11,336,572 | $1,890,094 |
Delta Delta Delta Fraternity Delta Iota House Corp Fayetteville, AR | $15,926,703 | $1,714,935 |
Chi Omega Fraternity Baton Rouge, LA | $1,575,304 | $1,510,789 |
Sigma Phi Epsilon Fraternity Inc Austin, TX | $181,081 | $1,301,708 |
Sigma Alpha Epsilon Fraternity Austin, TX | $676,452 | $1,319,713 |
Sigma Alpha Epsilon Fraternity Dallas, TX | $133,385 | $1,411,437 |