Beta Theta Pi Fraternity
- Assets
- $6.6m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 51
- Location
- Oxford, OH
- Founding
- 02/1941
- Data as of
- 05/2023
- EIN
- 31-0531047
Organization Overview
Beta Theta Pi Fraternity is located in Oxford, OH. The organization was established in 1941. 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 05/2023, Beta Theta Pi Fraternity employed 51 individuals. This organization is a parent organization of 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 $6.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $7.6m during the year ending 05/2023. While expenses have increased by 3.3% per year over the past 8 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 DEVELOPS MEN OF PRINCIPLE FOR A PRINCIPLED LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT PROGRAMS FOR COLLEGIATE MEMBERS AND VOLUNTEERS.
CHAPTER OPERATIONS: MAINTAINING AND SUPPORTING QUALITY CHAPTERS ACROSS NORTH AMERICA
HOST AN ANNUAL ORGANIZATIONAL CONVENTION TO DEVELOP MEMBERS AND VOLUNTEERS AND FACILITATE THE ANNUAL BUSINESS MEETING OF THE FRATERNITY.
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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 | $1,466,481 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,472,981 |
| Total Program Service Revenue | $4,550,928 |
| Investment income | $58,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $304,201 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,714 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,378,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $403,840 |
| 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. | $450,727 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,762,194 |
| Pension plan accruals and contributions | $85,209 |
| Other employee benefits | $309,239 |
| Payroll taxes | $249,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $211,764 |
| Fees for services: Accounting | $70,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,777 |
| Fees for services: Other | $139,769 |
| Advertising and promotion | $2,460 |
| Office expenses | $677,105 |
| Information technology | $289,349 |
| Royalties | $0 |
| Occupancy | $636,452 |
| Travel | $706,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,238,342 |
| Interest | $2,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | -$1,731 |
| Insurance | $356,306 |
| All other expenses | $0 |
| Total functional expenses | $7,611,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,313 |
| Savings and temporary cash investments | $1,185,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $751,850 |
| 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 | $270,505 |
| Net Land, buildings, and equipment | $101,399 |
| Investments—publicly traded securities | $1,514,487 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,187,003 |
| Total assets | $6,605,669 |
| Accounts payable and accrued expenses | $698,148 |
| Grants payable | $0 |
| Deferred revenue | $63,535 |
| 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 | $84,362 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,645,288 |
| Total liabilities | $5,491,333 |
| Net assets without donor restrictions | $1,114,336 |
| 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 | $6,605,669 |