The Alpha Omega Chapter Of Beta Theta Pi Fraternity
- Assets
- $2.6m
- Revenue
- $228.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hanover, NH
- Founding
- 08/2007
- Data as of
- 03/2022
- EIN
- 02-0335994
Organization Overview
The Alpha Omega Chapter Of Beta Theta Pi Fraternity is located in Hanover, NH. The organization was established in 2007. 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. Alpha Omega Chapter Of 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 03/2022, Alpha Omega Chapter Of Beta Theta Pi Fraternity generated $228.2k 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 (3.2%) each year. All expenses for the organization totaled $147.9k during the year ending 03/2022. 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
COLLEGE FRATERNAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SOCIAL AND FRATERNAL SERVICES TO A VARYING NUMBER OF UNDERGRADUATE STUDENTS AND ALUMNI. THE FRATERNITY IS DEDICATED TO THE PURPOSE OF DEVELOPING LIFELONG INTELLECTUAL EXCELLENCE, HIGH STANDARDS OF MORAL CONDUCT AND RESPONSIBLE CITIZENSHIP. IN DOING SO IT STRENGTHENS ITS MEMBERS AND THE HOST INSTITUTION, DARTMOUTH COLLEGE. FRATERNITY BROTHERS ARE REQUIRED TO BE INVOLVED IN CHARITABLE WORKS BOTH ON AND OFF CAMPUS.ADDITIONALLY, THE FRATERNITY SERVES AN IMPORTANT AND EDUCATIONAL FUNCTION BY OFFERING A LOWER COST ALTERNATIVE TO COLLEGE HOUSING. THE FRATERNITY'S GOAL IS TO KEEP ITS ROOM AND BOARD CHARGES AT 80% OF THE COLLEGE'S COST FOR THE SAME. MEMBERS ARE ALSO ELIGIBLE FOR FURTHER REDUCTIONS OF DUES BASED UPON FINANCIAL NEED OR ACADEMIC PERFORMANCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taran Lent Trustee | Trustee | 0 | $0 |
Victor Paul Trustee | Trustee | 0 | $0 |
Scott Sipple Trustee | Trustee | 0 | $0 |
Tom Spangenberg Trustee | Trustee | 0 | $0 |
Chester W Brown Trustee | Trustee | 0 | $0 |
Robert Bartles Trustee | Trustee | 0 | $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 | $250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250 |
| Total Program Service Revenue | $217,588 |
| Investment income | $9,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $527 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,246 |
| 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 | $2,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,455 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $122 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,835 |
| All other expenses | $19,742 |
| Total functional expenses | $147,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,088 |
| Savings and temporary cash investments | $48,391 |
| 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 | $2,025,759 |
| Investments—publicly traded securities | $425,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,571,475 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $155,075 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,061,228 |
| Retained earnings, endowment, accumulated income, or other funds | $1,355,172 |
| Total liabilities and net assets/fund balances | $2,571,475 |
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