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Nonprofiteer
← BETA THETA PI FRATERNITY

Form 990 for tax year 2023

Filed by BETA THETA PI FRATERNITY.

Totals

Total revenue
$11,269,644
Total expenses
$11,235,448
Contributions and grants received
$312,318
Grants paid
$162,808
Program service revenue
$10,949,747
Investment income
$7,579
Other revenue
$0
Total assets, end of year
$5,497,053
Total liabilities, end of year
$4,457,060
Net assets or fund balances, end of year
$1,039,993
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $312,318

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $7,678,380 · related or exempt $7,678,380

  • 2b · Program service revenue: HOUSING FEES

    total $2,257,123 · related or exempt $2,257,123

  • 2c · Program service revenue: MEMBER SERVICES

    total $1,006,805 · related or exempt $1,006,805

  • 2d · Program service revenue: SERVICE FEES

    total $7,439 · related or exempt $7,439

  • 3 · Investment income

    total $7,579 · unrelated business $7,579

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $162,707

  • 2 · Grants to domestic individuals

    total $101

  • 11b · Fees: legal

    total $11,075

  • 11c · Fees: accounting

    total $215,251

  • 12 · Advertising and promotion

    total $16,089

  • 13 · Office expenses

    total $421,629

  • 14 · Information technology

    total $3,143

  • 16 · Occupancy

    total $2,720,594

  • 19 · Conferences, conventions and meetings

    total $49,782

  • 20 · Interest

    total $15

  • 21 · Payments to affiliates

    total $2,805,776

  • 23 · Insurance

    total $40,259

  • 24a · Other expenses: SOCIAL EVENTS

    total $2,964,299

  • 24b · Other expenses: FOOD SERVICE

    total $1,067,451

  • 24c · Other expenses: RECRUITMENT

    total $371,966

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $166,597

  • 24e · All other expenses

    total $218,714

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $1,632,390 · end of year $1,328,957

  • 4 · Accounts receivable

    beginning of year $6,044,759 · end of year $4,095,679

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,516 · end of year $72,417

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,713 · end of year $52,476

  • 19 · Deferred revenue

    beginning of year $6,044,759 · end of year $4,095,679

  • 25 · Other liabilities

    beginning of year $418,321 · end of year $308,905

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,249,873 · end of year $1,039,993

Mission and programs · 2023

Mission

BETA THETA PI FRATERNITY IS FORMED FOR THE PURPOSE OF THE PROMOTION OF THE RELATIONS BETWEEN STUDENTS OF VARIOUS COLLEGES AND UNIVERSITIES; AND THE PERPETUATION OF A FRATERNITY THAT RECOGNIZES MUTUAL ASSISTANCE IN THE HONORABLE LABORS AND ASPIRATIONS OF LIFE; UNSULLIED FRIENDSHIP, UNFALTERING FIDELITY AND THE CULTIVATION OF INTELLECT, AS OBJECTS WORTHY OF THE HIGHEST AIM AND PURPOSES OF ASSOCIATED EFFORTS; AND THE HOLDING AND CONTROL OF SUCH REAL AND PERSONAL PROPERTY AS THE FOREGOING OBJECTS MAY RENDER EXPEDIENT

Activities or mission (Part I)

BETA THETA PI FRATERNITY PROMOTES AND DEVELOPS INTELLECT AND CULTURE.

  • ROOM AND BOARD: COST ASSOCIATED WITH RENT AND MEAL PLANS OF LOCAL CHAPTER LIVING FACILITIES.

  • NATIONAL DUES, INSURANCE, HERITAGE FUND: THESE FUNDS ARE PAID TO THE NATIONAL ORGANIZATION FOR THE PURPOSE OF DEVELOPING EDUCATIONAL RESOURCES, ADMINISTRATIVE SUPPORT, AND THE DAY-TO-DAY OPERATIONS OF THE GENERAL FRATERNITY.

  • FRATERNAL, SOCIAL, BROTHERHOOD, AND LEADERSHIP PROGRAMMING FOR MEMBERS: LOCAL CHAPTERS PUT ON EVENTS AND LOCAL PROGRAMMING TO FURTHER THE ORGANIZATIONS SOCIAL PURPOSE AND PROVIDE OPPORTUNITIES TO LIVE OUR CORE VALUES OF MUTUAL AID AND ASSISTANCE, CULTIVATION OF THE INTELLECT, RESPONSIBLE SOCIAL CONDUCT, TRUST, AND INTEGRITY.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jonathan Brant

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Ken Bryan

    GENERAL TREASURER

    Total calculated
    $0
    Hours/week
    8

  • John Stebbins

    GENERAL SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Robert S Beall

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Amar Budarapu

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Scott Fussell

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • J William Haywood

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Aaron Kozuki

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Willie Romero

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Nicholas H Sexton

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Joel W Stern

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Nick Zingales

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jeff Rundle

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $295,883
    From this org
    $0
    From related orgs
    $234,141
    Other
    $61,742
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,141 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,700 related
    Nontaxable benefits
    $0 + $44,042 related
    Filer's total
    $0 + $295,883 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS PAID BY A RELATED ENTITY, BETA THETA PI FRATERNITY. THAT ENTITY UTILIZES A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS, AND APPROVAL BY A COMPENSATION COMMITTEE IN DETERMINING EXECUTIVE DIRECTOR COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202511059349302626

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