Civic Intelligence

Gamma Beta Foundation

990 • Fiscal year 2023 • EIN 36-6065478

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 28, 2024

Organization ProfileN/A
PO Box 101164Chicago, IL 60610

(312) 543-1556

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

59th percentile

8.5%

Higher net margin than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

4.6%

Faster revenue growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$375,977

Up $37,728 (+11%) from 2022

Net Assets

Up

$375,977

Up $37,728 (+11%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin59th percentile

Revenue

Up

$76,695

Up $3,384 (+4.6%) from 2022

Expenses

Up

$70,195

Up $20,713 (+42%) from 2022

Net Income

Down

$6,500

Down $17,329 (-73%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2017: $149,653Net Assets 2017: $149,6532017Assets 2018: $155,418Net Assets 2018: $155,4182018Assets 2019: $176,731Net Assets 2019: $176,7312019Assets 2020: $193,448Liabilities 2020: $0Net Assets 2020: $193,4482020Assets 2021: $342,921Liabilities 2021: $0Net Assets 2021: $342,9212021Assets 2022: $338,249Liabilities 2022: $0Net Assets 2022: $338,2492022Assets 2023: $375,977Liabilities 2023: $0Net Assets 2023: $375,9772023Assets 2024: $405,013Liabilities 2024: $0Net Assets 2024: $405,0132024

Highlighted filing

2023

Assets$375,977
Liabilities$0
Net Assets$375,977
Open 2023 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2017: $66,490Expenses 2017: $55,235Net Income 2017: $11,2552017Revenue 2018: $62,199Expenses 2018: $41,633Net Income 2018: $20,5662018Revenue 2019: $61,743Expenses 2019: $49,556Net Income 2019: $12,1872019Revenue 2020: $62,588Expenses 2020: $36,278Net Income 2020: $26,3102020Revenue 2021: $64,575Expenses 2021: $26,770Net Income 2021: $37,8052021Revenue 2022: $73,311Expenses 2022: $49,482Net Income 2022: $23,8292022Revenue 2023: $76,695Expenses 2023: $70,195Net Income 2023: $6,5002023Revenue 2024: $85,394Expenses 2024: $95,130Net Income 2024: -$9,7362024

Highlighted filing

2023

Revenue$76,695
Expenses$70,195
Net Income$6,500
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 28, 2024
Return Version
2023v5.1
Gross Receipts
$146,331
Mission and Program Overview

Mission

to be used for the benefit of students of northwestern university who may be members of sigma nu fraternity for scholarships, grants-in-aid, or maintenance of the fraternity house of sigma nu fraternity.

To be used for the benefit of students of Northwestern University who may be (continued)members of Sigma Nu fraternity for scholarships, grants-in-aid, or maintenance of the fraternity house of Sigma Nu fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$308,705$333,101▲ $24,396
Cash and Non-Interest-Bearing Accounts$29,544$42,876▲ $13,332
Total Assets$338,249$375,977▲ $37,728
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$338,249$375,977▲ $37,728
Total Net Assets Fund Balance$338,249$375,977▲ $37,728
Total Liabilities and Net Assets / Fund Balance$338,249$375,977▲ $37,728
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Ben BuettellPresident/Director
Dave ElzingaDirector
Jeff KlebanDirector
Matt EbachDirector
George O BennettSec/Treas/Director
Daniel W MaslauskiVice Pres/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$74,488
Program Service Revenue
$0
Investment Income
$2,207
Other Revenue
$0
All Other Contributions
$74,488
Change in Net Assets
$6,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$42,195
Grants and Similar Amounts Paid$28,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$28,000--$28,000
Conferences and Meetings-$10,772-$10,772
Fees for Services Other-$8,727-$8,727
Fees for Services Legal-$3,948-$3,948
Travel-$991-$991
Office Expenses-$63-$63
Other Expenses-$25-$25
Total Functional Expenses$28,000$42,195$0$70,195
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The Form 990 is prepared by a law firm and reviewed by the Board President and Secretary prior to filing. A full copy of the Form 990 is otherwise available to all members upon request.”

Form 990, Part VI, Section C, line 19

“Govering documents and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Gamma Beta Foundation
EIN
36-6065478
Phone
3125431556
Address
PO Box 101164, Chicago, IL 60610

Signing Officer

Name
George O Bennett
Title
Sec/Treas/Director
Phone
3125431556
Signed
2024-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George O Bennett
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Handler Law LLP
Address
191 N Wacker Drive Suite 2300, Chicago, IL 60606
Preparer
Benjamin Hughes
Phone
3126412100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Advisory & Other Fees: Program service expenses 0. Management and general expenses 4,275. Fundraising expenses 0. Total expenses 4,275. Food Management Consultants: Program service expenses 0. Management and general expenses 4,452. Fundraising expenses 0. Total expenses 4,452.”

Form 990, Part XI, line 9:

“Miscellaneous Adjustments 1,115.”

Raw XML Appendix345 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Scholarships and grants-in-aid for members are monitored separately. Scholarships are awarded based upon cumulative grade point averages achieved by active members for the prior quarters and follow the following format: 4.0: 1500; 3.75: 1000; 3.5: 500; lower than 3.5: -0-. Grants-in-aid are handled on an individual basis, and the member would apply to the foundation for a grant based on need. Depending on the situation, an amount is approved to help them financially. Sometimes the member needs help paying their fraternity membership dues. In other cases, greater amounts might be granted based on unexpected illness or financial hardship.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared by a law firm and reviewed by the Board President and Secretary prior to filing. A full copy of the Form 990 is otherwise available to all members upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Govering documents and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Advisory & Other Fees: Program service expenses 0. Management and general expenses 4,275. Fundraising expenses 0. Total expenses 4,275. Food Management Consultants: Program service expenses 0. Management and general expenses 4,452. Fundraising expenses 0. Total expenses 4,452.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Miscellaneous Adjustments 1,115.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, line 9:
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IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0338249
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0375977
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt028000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02207
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt076695
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0338249
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0375977
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0991
IRS990/TravelGrp/TotalAmt0991
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01429 N WELLS ST 505
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060610
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Sec/Treas/Dir
ReturnHeader/BusinessOfficerGrp/PhoneNum03125431556
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ReturnHeader/Filer/USAddress/CityNm0Chicago
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ReturnHeader/Filer/USAddress/ZIPCd060610
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0993328799
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Handler Law LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0191 N Wacker Drive Suite 2300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
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ReturnHeader/PreparerPersonGrp/PhoneNum03126412100
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ReturnHeader/ReturnTs02024-08-28T13:53:17-05:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$375,977
Liabilities
$0
Net assets
$375,977
Revenue
$76,695
Expenses
$70,195
Net income
$6,500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.05$0.00$4.05$0.85$0.95$0.10
2023Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$0.77$0.70$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.38$0.00$3.38$0.73$0.49$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.00$3.43$0.65$0.27$0.38
2020Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$0.63$0.36$0.26
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$1.77$0.62$0.50$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$1.55$0.62$0.42$0.21
2017Detailed filing. Detailed filing data is available for this year.$1.50$1.50$0.66$0.55$0.11