Civic Intelligence

Beta Theta Pi Building Association

EIN 37-6026273 • Lake Forest, IL

Profile

To provide a safe living and learning environment for the undergraduate members of beta theta pi at the university of illinois.

551 Newcastle DrLake Forest, IL 60045

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.00x

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

501(c)2 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

29th percentile

0.00x

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

501(c)2 • $1M-$5M nonprofits • Source year 2025

Net Margin

3rd percentile

-488%

Higher net margin than 3% of similar nonprofits.

501(c)2 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

501(c)2 • $1M-$5M nonprofits • Source year 2025

Asset Growth

17th percentile

-6.1%

Faster asset growth than 17% of similar nonprofits.

501(c)2 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

100th percentile

18464%

Faster revenue growth than 100% of similar nonprofits.

501(c)2 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,343,220

Down $153,149 (-6.1%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Down

$2,343,220

Down $153,149 (-6.1%) from 2024

Revenue

Up

$31,374

Up $31,205 (+18464%) from 2024

Expenses

Down

$184,523

Down $800,765 (-81%) from 2024

Net Income

Up

-$153,149

Up $831,970 (+84%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,046,877Liabilities 2010: $782,951Net Assets 2010: $263,9262010Assets 2019: $973,535Liabilities 2019: $1,454,775Net Assets 2019: -$481,2402019Assets 2020: $3,488,231Liabilities 2020: $0Net Assets 2020: $3,488,2312020Assets 2021: $3,499,763Liabilities 2021: $0Net Assets 2021: $3,499,7632021Assets 2022: $3,503,743Liabilities 2022: $0Net Assets 2022: $3,503,7432022Assets 2024: $2,496,369Liabilities 2024: $0Net Assets 2024: $2,496,3692024Assets 2025: $2,343,220Liabilities 2025: $0Net Assets 2025: $2,343,2202025

Highlighted filing

2025

Assets$2,343,220
Liabilities$0
Net Assets$2,343,220

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $104,939Expenses 2010: $216,721Net Income 2010: -$111,7822010Revenue 2019: $0Expenses 2019: $125,771Net Income 2019: -$125,7712019Revenue 2020: $4,120,279Expenses 2020: $150,808Net Income 2020: $3,969,4712020Revenue 2021: $11,532Expenses 2021: $0Net Income 2021: $11,5322021Revenue 2022: $3,980Expenses 2022: $0Net Income 2022: $3,9802022Revenue 2024: $169Expenses 2024: $985,288Net Income 2024: -$985,1192024Revenue 2025: $31,374Expenses 2025: $184,523Net Income 2025: -$153,1492025

Highlighted filing

2025

Revenue$31,374
Expenses$184,523
Net Income-$153,149

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Mar 25, 2026
Return Version
2024v5.5
Gross Receipts
$31,374
Mission and Program Overview

Mission

To provide a safe living and learning environment for the undergraduate members of beta theta pi at the university of illinois.

To provide a safe living and learning environment for the undergraduate students of beta theta pi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$2,483,540$2,306,608▼ $176,932
Cash and Non-Interest-Bearing Accounts$12,829$36,612▲ $23,783
Total Assets$2,496,369$2,343,220▼ $153,149
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,496,369$2,343,220▼ $153,149
Total Net Assets Fund Balance$2,496,369$2,343,220▼ $153,149
Total Liabilities and Net Assets / Fund Balance$2,496,369$2,343,220▼ $153,149

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$2,306,608--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shahid KhanChairperson
Michael MurphyDirector
David FitzpatrickSecretary
Leslie MeierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$31,374
Change in Net Assets
$-153,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,523
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$145,985
Fees for Services Legal---$18,979
Payments to Affiliates---$7,100
Fees for Services Accounting---$3,255
Other Expenses---$1,224
Total Functional Expenses$0$0$0$184,523
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 1A

Fraternity at the university of illinois.

Form 990, Part VI, Section A, Line 4

The association filed its amended and restated articles of incorporation and bylaws with the state of illinois on february 27, 2025. The association restated it is organized and operated for the exclusive purpose of holding title to property, collecting income from such property and turning over the entire amount of such income, less expenses, over to its member...an organization which is exempt from federal income tax pursuant to irs section 501(a)". The association's amended and restated bylaws included changing the sole member of the beta theta pi building association to be sigma rho alumni association, a tax exempt entity under internal revenue code section 501(c)(7).

Form 990, Part VI, Section A, Line 6

The sole member of the corporation shall be sigma rho alumni association, a non profit corporation exempt from federal income tax under internal revenue code section 501(c)(7).

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

The board of directors reviews the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

All board members are required to sign the conflict of interest policy annually. If a conflict occurs, the individuals disclose the conflict.

Form 990, Part VI, Section C, Line 19

The organization's governing documents. Conflict of interest policy, and financial statements are provided upon request.

Form 990 Schedule D Part VIII Line (1)

Beta 202 daniel fund llc was formed for the primary purpose of operating as a "qualified opportunity fund" (as defined in section 1400z-2 of the code) and investing in "qualified opportunity zone property" within the meaning of section 1400z-2(d)(2) of the code. Beta theta pi building association purchased 34,622.7406 units of beta 202 daniel fund llc on february 20, 2020.

Filing and Contact Details

Filer

Filer Name
Beta Theta Pi Building Association
EIN
37-6026273
Phone
8472093334
Address
551 NEWCASTLE DR, LAKE FOREST, IL 60045

Signing Officer

Name
Leslie Meier
Title
Treasurer
Phone
8472093334
Signed
2026-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie Meier
Formed
1904
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Mh CPA Pllc
Address
2110 CLEARLAKE BLVD STE 200, CHAMPAIGN, IL 61822
Preparer
Aindrea N Balagna CPA
Phone
2173512000
Supplemental Narrative

Additional Explanations

Form 990 Page 6 Section A Line 12B

Board members khan, fitzpatrick and meier are investors in an entity related to beta legacy llc, from whom beta theta pi building association rents their lodge; they abstained from voting when the board approved the lease in order to prevent any potential conflict of interest.

Form 990 Page 1 Line 19

Due to e-file restrictions, income reported on the schedule k-1 for beta 202 daniel fund llc were reported as miscellaneous income on page 9 statement of revenue line 11.

Raw XML Appendix315 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FRATERNITY AT THE UNIVERSITY OF ILLINOIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION FILED ITS AMENDED AND RESTATED ARTICLES OF INCORPORATION AND BYLAWS WITH THE STATE OF ILLINOIS ON FEBRUARY 27, 2025. THE ASSOCIATION RESTATED IT IS ORGANIZED AND OPERATED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME FROM SUCH PROPERTY AND TURNING OVER THE ENTIRE AMOUNT OF SUCH INCOME, LESS EXPENSES, OVER TO ITS MEMBER...AN ORGANIZATION WHICH IS EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO IRS SECTION 501(A)". THE ASSOCIATION'S AMENDED AND RESTATED BYLAWS INCLUDED CHANGING THE SOLE MEMBER OF THE BETA THETA PI BUILDING ASSOCIATION TO BE SIGMA RHO ALUMNI ASSOCIATION, A TAX EXEMPT ENTITY UNDER INTERNAL REVENUE CODE SECTION 501(C)(7).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE MEMBER OF THE CORPORATION SHALL BE SIGMA RHO ALUMNI ASSOCIATION, A NON PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(7).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS KHAN, FITZPATRICK AND MEIER ARE INVESTORS IN AN ENTITY RELATED TO BETA LEGACY LLC, FROM WHOM BETA THETA PI BUILDING ASSOCIATION RENTS THEIR LODGE; THEY ABSTAINED FROM VOTING WHEN THE BOARD APPROVED THE LEASE IN ORDER TO PREVENT ANY POTENTIAL CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. IF A CONFLICT OCCURS, THE INDIVIDUALS DISCLOSE THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS. CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BETA 202 DANIEL FUND LLC WAS FORMED FOR THE PRIMARY PURPOSE OF OPERATING AS A "QUALIFIED OPPORTUNITY FUND" (AS DEFINED IN SECTION 1400Z-2 OF THE CODE) AND INVESTING IN "QUALIFIED OPPORTUNITY ZONE PROPERTY" WITHIN THE MEANING OF SECTION 1400Z-2(D)(2) OF THE CODE. BETA THETA PI BUILDING ASSOCIATION PURCHASED 34,622.7406 UNITS OF BETA 202 DANIEL FUND LLC ON FEBRUARY 20, 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DUE TO E-FILE RESTRICTIONS, INCOME REPORTED ON THE SCHEDULE K-1 FOR BETA 202 DANIEL FUND LLC WERE REPORTED AS MISCELLANEOUS INCOME ON PAGE 9 STATEMENT OF REVENUE LINE 11.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 SCHEDULE D PART VIII LINE (1)
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IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02496369
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02343220
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01036
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt031374
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt030338
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02496369
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02343220
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0551 NEWCASTLE DR
IRS990/USAddress/CityNm0LAKE FOREST
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060045
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LESLIE MEIER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08472093334
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETA THETA PI BUILDING ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0BETA
ReturnHeader/Filer/EIN0376026273
ReturnHeader/Filer/PhoneNum08472093334
ReturnHeader/Filer/USAddress/AddressLine1Txt0551 NEWCASTLE DR
ReturnHeader/Filer/USAddress/CityNm0LAKE FOREST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060045
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371119790
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MH CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02110 CLEARLAKE BLVD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHAMPAIGN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061822
ReturnHeader/PreparerPersonGrp/PhoneNum02173512000
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AINDREA N BALAGNA CPA
ReturnHeader/ReturnTs02026-03-26T08:30:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-06-01
ReturnHeader/TaxPeriodEndDt02025-05-31
ReturnHeader/TaxYr02024

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