Beta Theta Pi Fraternity
- Assets
- $103.1k
- Revenue
- $654.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Lincoln, NE
- Founding
- 02/1941
- Data as of
- 06/2022
- EIN
- 47-0105390
Organization Overview
Beta Theta Pi Fraternity is located in Lincoln, NE. 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 06/2022, Beta Theta Pi Fraternity employed 2 individuals. 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 06/2022, Beta Theta Pi Fraternity generated $654.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $704.6k during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BETA THETA PI IS DEDICATED TO BUILDING MEN OF PRINCIPLE FOR A PRINCIPLED LIFE. OUR BROTHERHOOD AIDS THE INDIVIDUAL, BUILDS THE FRATERNITY AND STRENGTHENS THE HOST ACADEMIC INSTITUTION THROUGH LIFELONG DEVOTION TO INTELLECTUAL EXCELLENCE, HIGH STANDARDS OF MORAL CONDUCT AND RESPONSBILE CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNITY PROGRAM - GREEK SYSTEM, MONITORED BY THE NATIONAL FRATERNITY AT THE UNIVERSITY OF NEBRASKA-LINCOLN AND ALUMNI. APPROXIMATELY 70 MEMBERS LIVE IN THE FRATERNITY HOUSE AND GO TO SCHOOL FULL-TIME.
MONEY USED TO PAY ACCOUNTANTS FOR TAX PREPARATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Auman President | OfficerTrustee | $0 | |
Reis Jensen Secretary | OfficerTrustee | $0 | |
Josh Mikus Treasurer | OfficerTrustee | $0 | |
Tate Kiehn Vice Preside | OfficerTrustee | $0 | |
Luke Dempsey Risk Manager | Trustee | $0 | |
James Eshleman Scholarship | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $654,489 |
| Investment income | $5 |
| 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 | $654,494 |
| 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 | $70,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,680 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $202,638 |
| 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 | $1,163 |
| All other expenses | $72,436 |
| Total functional expenses | $704,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,853 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,109 |
| 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 | $35,931 |
| Total liabilities | $35,931 |
| Net assets without donor restrictions | $67,178 |
| 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 | $103,109 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Epsilon Sigma Alpha International Council Council Fort Collins, CO | $3,554,317 | $5,361,378 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Alumni Association University Of Nebraska Lincoln, NE | $18,158,198 | $3,537,579 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |
Alpha Omega Alpha Honor Medical Society Aurora, CO | $27,406,157 | $2,965,525 |
Alpha Phi Omega National Service Fraternity Kansas City, MO | $10,346,073 | $1,755,361 |
Beta Theta Pi Fraternity Columbia, MO | $104,874 | $1,401,653 |
Beta Gamma Sigma Inc Saint Louis, MO | $4,230,139 | $2,194,158 |
Pi Beta Phi Fraternity Town Country, MO | $567,051 | $1,543,595 |
Farm House Fraternity Inc Kansas City, MO | $1,277,925 | $1,565,559 |
Pi Beta Phi Fraternity Town Country, MO | $791,164 | $1,622,264 |