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Nonprofiteer
← BETA THETA PI FRATERNITY

Form 990 for tax year 2024

Filed by BETA THETA PI FRATERNITY.

Totals

Total revenue
$7,486,882
Total expenses
$7,145,538
Contributions and grants received
$1,869,530
Grants paid
$4,000
Program service revenue
$5,250,393
Investment income
$95,050
Other revenue
$271,909
Total assets, end of year
$6,953,866
Total liabilities, end of year
$4,779,380
Net assets or fund balances, end of year
$2,174,486
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.

  • 1d · Related organizations

    $1,677,730

  • 1f · All other contributions, gifts and grants

    $191,800

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $4,790,123 · related or exempt $4,790,123

  • 2b · Program service revenue: MEETINGS AND CONFERENC

    total $460,270 · related or exempt $460,270

  • 3 · Investment income

    total $62,721 · unrelated business $62,721

  • 5 · Royalties

    total $244,731 · unrelated business $244,731

  • 6a · Gross rents

    real property $9,357

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $9,357

  • 6d · Net rental income or loss

    total $9,357 · related or exempt $9,357

  • 7a · Gross sales of assets other than inventory

    securities $436,586

  • 7b · Less cost or other basis and sales expenses

    securities $404,257

  • 7c · Gain or loss

    securities $32,329

  • 7d · Net gain or loss

    total $32,329 · unrelated business $32,329

  • 10a · Gross sales of inventory

    $9,234

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $9,234 · related or exempt $9,234

  • 11a · Other revenue: OTHER INCOME

    total $8,587 · related or exempt $8,587

  • 11e · Other revenue, total

    $8,587

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,000

  • 5 · Compensation of officers, directors and key employees

    total $532,920

  • 7 · Other salaries and wages

    total $1,667,280

  • 8 · Pension plan contributions

    total $103,030

  • 9 · Other employee benefits

    total $437,296

  • 10 · Payroll taxes

    total $287,344

  • 11b · Fees: legal

    total $102,889

  • 11c · Fees: accounting

    total $57,177

  • 11f · Fees: investment management

    total $6,682

  • 11g · Fees: other

    total $95,220

  • 12 · Advertising and promotion

    total $577

  • 13 · Office expenses

    total $678,466

  • 14 · Information technology

    total $356,587

  • 16 · Occupancy

    total $730,510

  • 17 · Travel

    total $511,649

  • 19 · Conferences, conventions and meetings

    total $914,094

  • 20 · Interest

    total $1,550

  • 22 · Depreciation, depletion and amortization

    total $16,605

  • 23 · Insurance

    total $440,745

  • 24a · Other expenses: BAD DEBTS

    total $118,807

  • 24b · Other expenses: MEMBERSHIP DUES

    total $62,285

  • 24c · Other expenses: EDUCATION & PROFESSIONA

    total $17,169

  • 24d · Other expenses: MISCELLANEOUS

    total $2,656

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,489,573 · end of year $2,265,527

  • 4 · Accounts receivable

    beginning of year $399,425 · end of year $231,640

  • 9 · Prepaid expenses and deferred charges

    beginning of year $368,851 · end of year $549,240

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

    $1,263,846

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

    $1,236,820

  • 10c · Land, buildings and equipment, net

    beginning of year $81,427 · end of year $27,026

  • 11 · Investments: publicly traded securities

    beginning of year $1,671,696 · end of year $1,869,294

  • 15 · Other assets

    beginning of year $2,703,498 · end of year $2,011,139

  • 17 · Accounts payable and accrued expenses

    beginning of year $457,678 · end of year $510,069

  • 19 · Deferred revenue

    beginning of year $20,863 · end of year $5,491

  • 23 · Secured mortgages and notes payable

    beginning of year $69,142 · end of year $66,744

  • 25 · Other liabilities

    beginning of year $4,260,759 · end of year $4,197,076

  • 27 · Net assets without donor restrictions

    beginning of year $1,906,153 · end of year $2,174,486

Mission and programs · 2024

Mission

TO DEVELOP MEN OF PRINCIPLE FOR A PRINCIPLED LIFE WITH THE FOLLOWING CORE VALUES:MUTUAL ASSISTANCE - BETAS BELIEVE THAT MEN ARE MUTUALLY OBLIGATED TO HELP OTHERS IN THE HONORABLE LABORS AND ASPIRATIONS OF LIFE.INTELLECTUAL GROWTH - BETAS ARE DEVOTED TO CONTINUALLY CULTIVATING THEIR MINDS, INCLUDING HIGH STANDARDS OF ACADEMIC ACHIEVEMENT.TRUST - BETAS DEVELOP ABSOLUTE FAITH AND CONFIDENCE IN ONE ANOTHER BY BEING TRUE TO THEMSELVES AND OTHERS.RESPONSIBLE CONDUCT - BETAS CHOOSE TO ACT RESPONSIBLY, WEIGHING THE CONSEQUENCES OF THEIR ACTIONS ON THEMSELVES AND THOSE AROUND THEM.INTEGRITY - BETAS PRESERVE THEIR CHARACTER BY DOING WHAT IS MORALLY RIGHT AND DEMANDING THE SAME FROM THEIR BROTHERS.

Activities or mission (Part I)

BETA THETA PI FRATERNITY DEVELOPS MEN OF PRINCIPLE FOR A PRINCIPLED LIFE.

  • LEADERSHIP DEVELOPMENT PROGRAMS FOR COLLEGIATE MEMBERS AND VOLUNTEERS.

  • CHAPTER OPERATIONS: MAINTAINING AND SUPPORTING QUALITY CHAPTERS ACROSS NORTH AMERICA.

  • HOST AN ANNUAL ORGANIZATIONAL CONVENTION TO DEVELOP MEMBERS AND VOLUNTEERS AND FACILITATE THE ANNUAL BUSINESS MEETING OF THE FRATERNITY.

As filed on the 2024 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
    8

  • 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

  • WILLIAM FOX

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • SCOTT FUSSELL

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • BILL 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

  • ROBERT SELSOR

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • NICK SEXTON

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JOEL STERN

    BOARD OF TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JEFF RUNDLE

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $338,289
    From this org
    $304,452
    From related orgs
    $0
    Other
    $33,837
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $274,452
    Bonus
    $30,000
    Other
    $0
    Deferred
    $8,930
    Nontaxable benefits
    $24,907
    Filer's total
    $338,289

  • AUSTIN MARPLE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $160,106
    From this org
    $152,625
    From related orgs
    $0
    Other
    $7,481
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $150,125
    Bonus
    $2,500
    Other
    $0
    Deferred
    $6,105
    Nontaxable benefits
    $1,376
    Filer's total
    $160,106

  • MARTIN COBB

    CHIEF COMMUNICATIONS OFFIC

    Total calculated
    $134,490
    From this org
    $116,458
    From related orgs
    $0
    Other
    $18,032
    Hours/week
    26 + 14 related

  • PHIL FERNANDEZ

    CHIEF FOUNDATION OFFICER

    Total calculated
    $213,655
    From this org
    $179,066
    From related orgs
    $0
    Other
    $34,589
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $169,066
    Bonus
    $10,000
    Other
    $0
    Deferred
    $6,508
    Nontaxable benefits
    $28,081
    Filer's total
    $213,655

  • ANNE EMMERTH

    CHIEF STRATEGY OFFICER

    Total calculated
    $132,663
    From this org
    $116,458
    From related orgs
    $0
    Other
    $16,205
    Hours/week
    30 + 10 related

  • JOHN REINEKE

    CHIEF HOUSING OFFICER

    Total calculated
    $163,554
    From this org
    $146,709
    From related orgs
    $0
    Other
    $16,845
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $146,709
    Bonus
    $0
    Other
    $0
    Deferred
    $5,653
    Nontaxable benefits
    $11,192
    Filer's total
    $163,554

  • JUSTIN WARREN

    DIRECTOR OF MEDIA RELATION

    Total calculated
    $134,870
    From this org
    $118,513
    From related orgs
    $0
    Other
    $16,357
    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. 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

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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 1A
HOUSING IS PROVIDED FOR THE CEO.

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

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
2024
Filed
3 April 2026
IRS schema version
2024v5.5
Source object
202600939349301510

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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