Beta Sigma Psi Fraternity
- Assets
- $3.1m
- Revenue
- $318.3k
- Investments
- $111.0k
- Employees
- 0
- Location
- Ellisville, MO
- Founding
- 04/1946
- Data as of
- 12/2023
- EIN
- 43-6065826
Organization Overview
Beta Sigma Psi Fraternity is located in Ellisville, MO. The organization was established in 1946. 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 Sigma Psi Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Beta Sigma Psi Fraternity generated $318.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $230.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (16.8%) per year over the past 5 years. 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
TO PROVIDE AN ENVIRONMENT IN WHICH LUTHERAN COLLEGE MEN CAN GROW SPIRITUALLY, SCHOLASTICALLY, AND SOCIALLY. WE PROVIDE A LIVING AND EDUCATION SPACE FOR THE COLLEGE MEMBER TO SHARE AND EXPERIENCE THE IDEALS OF THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A FRATERNITY HOUSE AT MISSOURI S&T FOR ACTIVE MEMBERS ATTENDING COLLEGE. SPACE INCLUDES LIVING AREAS AS WELL AS DEDICATED EDUCATIONAL FACILITIES. HOUSE IS LOCATED ON THE UNIVERSITY PROPERTY.
PROVIDE A SPIRITUAL, SOCIAL AND SCHOLASTIC GROWTH FOR ACTIVE MEMBERS AND ALUMNI MEMBERS.
LEADERSHIP DEVELOPMENT OF MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Dickerhoff Director | Trustee | 1 | $0 |
Dylan Falter House Manage | Trustee | 1 | $0 |
Alex Gambill Director | Trustee | 1 | $0 |
Bobby Givens Assistant Tr | Trustee | 1 | $0 |
Jonathan Mckinley Recruiting D | Trustee | 1 | $0 |
Kevin Schmidt Scholarship | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,225 |
| Fundraising events | $0 |
| Related organizations | $75,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,288 |
| Total Program Service Revenue | $196,000 |
| Investment income | $1,991 |
| 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 | $318,279 |
| 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 | $660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $0 |
| 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 | $88,403 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $55,925 |
| All other expenses | $6,473 |
| Total functional expenses | $230,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,410 |
| Savings and temporary cash investments | $0 |
| 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 | $2,824,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $110,998 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,059,501 |
| 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 | $2,039,273 |
| Other liabilities | $0 |
| Total liabilities | $2,039,273 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $51,587 |
| Paid-in or capital surplus, or land, building, or equipment fund | $413,345 |
| Retained earnings, endowment, accumulated income, or other funds | $555,296 |
| Total liabilities and net assets/fund balances | $3,059,501 |