Beta Theta Pi Foundation
- Assets
- $33.1m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Oxford, OH
- Founding
- 06/2009
- Data as of
- 05/2022
- EIN
- 80-0296934
Organization Overview
Beta Theta Pi Foundation is located in Oxford, OH. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Beta Theta Pi Foundation 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 05/2022, Beta Theta Pi Foundation generated $6.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $4.9m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Beta Theta Pi Foundation has awarded 108 individual grants totaling $28,963,855. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRINCIPAL PURPOSE OF THE ORGANIZATION, HEREINAFTER REFERRED TO AS THE FOUNDATION, SHALL BE TO FOSTER THE CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES OF BETA THETA PI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATIONAL GRANTS TO ORGANIZATIONS THAT FURTHER THE FOUNDATION'S MISSION, AS WELL AS PROVIDE TUITION SCHOLARSHIPS TO INDIVIDUALS ATTENDING INSTITUTIONS OF HIGHER EDUCATION IN NORTH AMERICA.
TUITION SCHOLARSHIPS WERE AWARDED FOR STUDENTS TO ATTEND A NORTH AMERICAN COLLEGE OR UNIVERSITY.
DESIGNATED EDUCATIONAL AREA GRANTS ARE AVAILABLE FROM RESTRICTED CHAPTER FUNDS AND CAN COVER THE COST OF CONSTRUCTION OR RENOVATION OF EDUCATIONAL AREAS IN THE CHAPTER HOUSE SUCH AS THE LIBRARY, STUDY ROOM, COMPUTER ROOM, AS WELL AS EDUCATIONAL FURNISHINGS, INCLUDING COMPUTER EQUIPMENT AND INTERNET ACCESS. OPERATIONAL GRANTS ARE ALSO AVAILABLE FROM RESTRICTED CHAPTER FUNDS IN SUBSEQUENT YEARS TO COVER THE EXPENSES RELATED TO OPERATING THESE EDUCATIONAL AREAS ANNUALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Feinstein Micheal G Chairman | OfficerTrustee | 2 | $0 |
Groves Randall D Treasurer | OfficerTrustee | 2 | $0 |
Fernandez Phil Chief Foundation Officer | Officer | 36 | $0 |
Rundle Jeff Executive Director | Officer | 10 | $0 |
Ormsby Uri Chief Financial Officer | Officer | 10 | $0 |
Carmichael Arthur C Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $188,587 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,799,944 |
| Noncash contributions included in lines 1a–1f | $525,565 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,988,531 |
| Total Program Service Revenue | $0 |
| Investment income | $1,417,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $243,335 |
| Net Gain/Loss on Asset Sales | $1,034,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,764 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,703,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,951,594 |
| Grants and other assistance to domestic individuals. | $315,598 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $224,321 |
| Compensation of current officers, directors, key employees. | $52,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $732,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,680 |
| Payroll taxes | $2,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,321 |
| Fees for services: Accounting | $2,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $87,453 |
| Fees for services: Investment Management | $74,491 |
| Fees for services: Other | $46,500 |
| Advertising and promotion | $241 |
| Office expenses | $150,006 |
| Information technology | $39,107 |
| Royalties | $0 |
| Occupancy | $18,817 |
| Travel | $48,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,427 |
| Interest | $64 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,358 |
| Insurance | $12,759 |
| All other expenses | $0 |
| Total functional expenses | $4,934,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31 |
| Savings and temporary cash investments | $5,471,502 |
| Pledges and grants receivable | $318,600 |
| Accounts receivable, net | $16,673 |
| 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 | $180,000 |
| Net Land, buildings, and equipment | $2,181,408 |
| Investments—publicly traded securities | $24,917,483 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,085,697 |
| Accounts payable and accrued expenses | $340,364 |
| 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 | $501,361 |
| Total liabilities | $841,725 |
| Net assets without donor restrictions | $10,140,598 |
| Net assets with donor restrictions | $22,103,374 |
| 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 | $33,085,697 |
Grants Awarded
Over the last fiscal year, Beta Theta Pi Foundation has awarded $2,408,619 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Oxford, OH PURPOSE: LEADERSHIP DEVELOPMENT | $912,162 |
BETA THETA PI CORPORATION OF OKLAHOMA PURPOSE: DESIGNATED EDUCATIONAL AREA GRANT | $660,000 |
Spokane, WA PURPOSE: DESIGNATED EDUCATION AREA GRANT | $453,569 |
Hamilton, OH PURPOSE: DESIGNATED EDUCAITON AREA GRANT | $257,000 |
Cicero, IN PURPOSE: DESIGNATED EDUCATIONAL AREA GRANT | $67,650 |
Tulsa, OK PURPOSE: DESIGNATED EDUCATIONAL AREA GRANT | $39,503 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that Beta Theta Pi Foundation has recieved totaling $285,103.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $69,978 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $51,465 |
Norcliffe Foundation Seattle, WA PURPOSE: THE BETA LEADERSHIP FUND | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $21,000 |
Jeffrey S And Helen H Cardon Foundation Salt Lake City, UT PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
Precious Gifts Foundation Cincinnati, OH PURPOSE: TO FURTHER CHARITABLE WORKS. | $20,000 |
Endowment Analysis
| Beg. Balance | $23,374,486 |
| Earnings | -$380,239 |
| Net Contributions | $412,351 |
| Other Expense | $845,773 |
| Ending Balance | $22,560,825 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |