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Nonprofiteer
← BETA UPSILON CHI

Form 990 for tax year 2023

Filed by BETA UPSILON CHI.

Totals

Total revenue
$1,037,074
Total expenses
$974,019
Contributions and grants received
$947,914
Grants paid
$119,722
Program service revenue
$0
Investment income
$9,743
Other revenue
$79,417
Total assets, end of year
$712,919
Total liabilities, end of year
$118,653
Net assets or fund balances, end of year
$594,266
Program services expenses (Part IX)
$679,085
Management and general expenses
$258,324
Fundraising expenses
$36,610
Program service expenses (Part III)
$679,085

Program services were 69.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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

    $947,914

  • 3 · Investment income

    total $9,743 · excluded $9,743

  • 10a · Gross sales of inventory

    $37,192

  • 10b · Cost of goods sold

    $11,775

  • 10c · Net income from sales of inventory

    total $25,417 · related or exempt $25,417

  • 11a · Other revenue: INSURANCE

    total $54,000 · related or exempt $54,000

  • 11e · Other revenue, total

    $54,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $119,722 · program services $119,722

  • 5 · Compensation of officers, directors and key employees

    total $311,398 · program services $264,688 · management and general $15,570 · fundraising $31,140

  • 9 · Other employee benefits

    total $30,625 · program services $26,031 · management and general $1,531 · fundraising $3,063

  • 10 · Payroll taxes

    total $24,073 · program services $20,462 · management and general $1,204 · fundraising $2,407

  • 11b · Fees: legal

    total $50,836 · management and general $50,836

  • 11c · Fees: accounting

    total $34,843 · management and general $34,843

  • 11g · Fees: other

    total $33,351 · management and general $33,351

  • 12 · Advertising and promotion

    total $42,808 · management and general $42,808

  • 13 · Office expenses

    total $26,399 · management and general $26,399

  • 17 · Travel

    total $19,974 · program services $19,974

  • 19 · Conferences, conventions and meetings

    total $11,360 · management and general $11,360

  • 22 · Depreciation, depletion and amortization

    total $8,745 · management and general $8,745

  • 23 · Insurance

    total $2,422 · management and general $2,422

  • 24a · Other expenses: NATIONAL LEADERSHIP DEV

    total $228,208 · program services $228,208

  • 24b · Other expenses: MISCELLANEOUS

    total $29,255 · management and general $29,255

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $279,810 · end of year $299,765

  • 7 · Other notes and loans receivable

    beginning of year $3,394 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,023 · end of year $998

  • 10a · Land, buildings and equipment: cost or other basis

    $69,700

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,860

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $56,840

  • 12 · Investments: other securities

    beginning of year $298,665 · end of year $355,316

  • 25 · Other liabilities

    beginning of year $76,064 · end of year $118,653

  • 27 · Net assets without donor restrictions

    beginning of year $90,649 · end of year $53,211

  • 28 · Net assets with donor restrictions

    beginning of year $416,179 · end of year $541,055

Mission and programs · 2023

Mission

THE PURPOSES OF THE FOUNDATION SHALL BE TO FUNDRAISE AND OTHERWISE SUPPORT THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS ACTIVITIES OF BETA UPSILON CHI FRATERNITY, INC. (THE "FRATERNITY"), AND ITS EFFORTS TO ESTABLISH BROTHERHOOD AND UNITY AMONG MEN BASED ON THE COMMON BOND OF JESUS CHRIST.

  • DEVELOPMENT OF CHRISTIAN BROTHERHOOD OF COLLEGE AGE MEN ON UNIVERSITY CAMPUSES.

    Expenses $450,877 · Grants $119,722 · Revenue $79,417

  • OFFICER DEVELOPMENT EVENTS1) NATIONAL LEADERSHIP SUMMIT2) PRESIDENTS' CIRCLE3) PLEDGE CAPTAIN CIRCLE4) CHAPLAIN CIRCLE

    Expenses $197,504

  • COR LEADERSHIP RETREAT

    Expenses $30,704

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

Listed in Part VII

  • Jason Hoyt

    EXECUTIVE DIRECTOR

    Total calculated
    $120,831
    From this org
    $120,831
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kyle Kight

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Joshua Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Christian Ellis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Nick England

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Rick Waters

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Matt Struble

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Erik Bahr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Chris Godfrey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dan Millner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ben Brandenburg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tepera Holman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Brett Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Anthony Harb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations 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
27 May 2025
IRS schema version
2023v6.0
Source object
202541509349300124

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