Civic Intelligence

Beta Theta Pi Fraternity

990 • Fiscal year 2022 • EIN 41-0150350

Jul 01, 2021 to Jun 30, 2022 • Filed on Sep 21, 2022

2221 University Ave SEMinneapolis, MN 55414

(612) 624-5015

Siviq Scores

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

Liabilities / Assets

80th percentile

0.19x

Higher debt load relative to assets than 80% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

70th percentile

0.05x

Higher debt load relative to revenue than 70% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Net Margin

9th percentile

-32%

Higher net margin than 9% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

4th percentile

-57%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-20%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$63,023

Down $82,054 (-57%) from 2021

Net Assets

Down

$50,835

Down $71,858 (-59%) from 2021

Liabilities

Down

$12,188

Down $10,196 (-46%) from 2021

Revenue

Down

$227,577

Down $58,009 (-20%) from 2021

Expenses

Up

$299,435

Up $16,457 (+5.8%) from 2021

Net Income

Down

-$71,858

Down $74,466 (-2855%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $54,829Liabilities 2011: $13,382Net Assets 2011: $41,4472011Assets 2012: $66,504Liabilities 2012: $22,150Net Assets 2012: $44,3542012Assets 2013: $95,503Liabilities 2013: $25,221Net Assets 2013: $70,2822013Assets 2014: $87,295Liabilities 2014: $14,882Net Assets 2014: $72,4132014Assets 2015: $113,983Liabilities 2015: $38,728Net Assets 2015: $75,2552015Assets 2016: $93,544Liabilities 2016: $5,121Net Assets 2016: $88,4232016Assets 2017: $103,361Liabilities 2017: $12,373Net Assets 2017: $90,9882017Assets 2018: $108,264Liabilities 2018: $18,814Net Assets 2018: $89,4502018Assets 2019: $107,317Liabilities 2019: $15,472Net Assets 2019: $91,8452019Assets 2020: $145,034Liabilities 2020: $24,949Net Assets 2020: $120,0852020Assets 2021: $145,077Liabilities 2021: $22,384Net Assets 2021: $122,6932021Assets 2022: $63,023Liabilities 2022: $12,188Net Assets 2022: $50,8352022Assets 2023: $65,836Liabilities 2023: $22,500Net Assets 2023: $43,3362023Assets 2024: $71,756Liabilities 2024: $16,700Net Assets 2024: $55,0562024Assets 2025: $96,905Liabilities 2025: $14,127Net Assets 2025: $82,7782025

Highlighted filing

2022

Assets$63,023
Liabilities$12,188
Net Assets$50,835

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2011: $235,947Expenses 2011: $249,291Net Income 2011: -$13,3442011Revenue 2012: $268,448Expenses 2012: $265,541Net Income 2012: $2,9072012Revenue 2013: $298,352Expenses 2013: $272,425Net Income 2013: $25,9272013Revenue 2014: $303,868Expenses 2014: $301,737Net Income 2014: $2,1312014Revenue 2015: $316,538Expenses 2015: $313,696Net Income 2015: $2,8422015Revenue 2016: $302,255Expenses 2016: $289,089Net Income 2016: $13,1662016Revenue 2017: $311,744Expenses 2017: $309,176Net Income 2017: $2,5682017Revenue 2018: $40,859Expenses 2018: $342,390Net Income 2018: -$301,5312018Revenue 2019: $346,702Expenses 2019: $344,307Net Income 2019: $2,3952019Revenue 2020: $364,726Expenses 2020: $336,486Net Income 2020: $28,2402020Revenue 2021: $285,586Expenses 2021: $282,978Net Income 2021: $2,6082021Revenue 2022: $227,577Expenses 2022: $299,435Net Income 2022: -$71,8582022Revenue 2023: $317,710Expenses 2023: $325,208Net Income 2023: -$7,4982023Revenue 2024: $305,638Expenses 2024: $293,919Net Income 2024: $11,7192024Revenue 2025: $395,382Expenses 2025: $367,660Net Income 2025: $27,7222025

Highlighted filing

2022

Revenue$227,577
Expenses$299,435
Net Income-$71,858
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Sep 21, 2022
Return Version
2021v4.1
Gross Receipts
$230,582
Mission and Program Overview

Mission

Social club-providing collegiate fraternity housing, activities and environment

Providing collegiate fraternity housing, activities and environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$122,693$50,835▼ $71,858
Cash and Non-Interest-Bearing Accounts$98,790$36,293▼ $62,497
Accounts Receivable$29,652$16,584▼ $13,068
Investments Program Related$2,450$2,941▲ $491
Savings and Temporary Cash Investments$1,005$1,005→ $0
Prepaid Expenses and Deferred Charges$7,640$1,000▼ $6,640
Land, Buildings, and Equipment, Net$440$0▼ $440
Inventories for Sale or Use$100$200▲ $100
Total Assets$145,077$63,023▼ $82,054
Other Assets Total$5,000$5,000→ $0
Liabilities
Deferred Revenue$9,308$5,783▼ $3,525
Other Liabilities$4,900$3,500▼ $1,400
Accounts Payable and Accrued Expenses$8,176$2,905▼ $5,271
Total Liabilities$22,384$12,188▼ $10,196
Net Assets / Fund Balance
Total Net Assets Fund Balance$122,693$50,835▼ $71,858
Total Liabilities and Net Assets / Fund Balance$145,077$63,023▼ $82,054

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$12,795-
Other Assets Org$5,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wesley LideenPresident
Jacob BechtoldVice-pres Brotherhood
Will AllanVice-pres Communications
Trevor FraneVice-pres Finance
Sean FarrellVice-pres New Mbr Ed
Nathan DirkesVice-pres Progrmming
Owen RatgenVice-pres Recruitment
Ryan BallotVice-pres Risk Mgmt
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$220,744
Investment Income
$701
Other Revenue
$6,132
Change in Net Assets
$-71,858
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$259,112
Salaries, Compensation, and Employee Benefits$33,036
Grants and Similar Amounts Paid$7,287
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$0$0$0$141,605
Other Salaries and Wages$0$0$0$28,227
Payments to Affiliates$0$0$0$11,462
Insurance$0$0$0$10,040
Grants to Domestic Orgs$0--$7,287
Fees for Services Accounting$0$0$0$5,735
Payroll Taxes$0$0$0$4,809
Conferences and Meetings$0$0$0$2,473
Office Expenses$0$0$0$1,415
Depreciation Depletion$0$0$0$440
Interest$0$0$0$57
Other Expenses$0$0$0$54
Total Functional Expenses$0$0$0$299,435
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Aurora Center for Advocacy & EducationMinneapolis, MN-Donation$7,287
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,389
Fundraising Direct Expenses$3,005
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$3,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Beta Theta Pi Fraternity
EIN
41-0150350
Phone
6126245015
Address
2221 UNIVERSITY AVE SE, MINNEAPOLIS, MN 55414

Signing Officer

Name
Trevor Frane
Title
Treasurer
Phone
6126245015
Signed
2022-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trevor Frane
Formed
1889
Legal Domicile
Mn
Voting Board Members
37
Independent Board Members
37
Employees
1
Volunteers
45

Preparer

Firm
Fraternity Purchasing Association
Address
2221 University Ave SE Ste 11, Minneapolis, MN 55414
Preparer
Ruth Enge
Phone
6126245015
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Treasurer reviews the 990 before signing. Then the rest of the executive board is made aware of it

Pt VI, Line 12C

Members are required to disclose any potential conflicts of interest. It is brought to the attention of the executive committee at the weekly meetings. Separation of duties and a clear line of payment is made to ensure there is no misappropriation of funds.

Pt VI, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Pt VI, Line 6

Yes, the organization has members

Pt VI, Line 7A

Yes, the organization has members that have the power to elect the members of the governing board

Pt VI, Line 7B

Yes, certain decisions are subject to the approval by all members not just the executive committee

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt230482
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt01970
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt04306
IRS990/PYInvestmentIncomeAmt086
IRS990/PYOtherExpensesAmt0246008
IRS990/PYOtherRevenueAmt04502
IRS990/PYProgramServiceRevenueAmt0280998
IRS990/PYRevenuesLessExpensesAmt02608
IRS990/PYSalariesCompEmpBnftPaidAmt032664
IRS990/PYTotalExpensesAmt0282978
IRS990/PYTotalRevenueAmt0285586
IRS990/ReconcilationRevenueExpnssAmt0-71858
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0122693
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt050835
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01005
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01005
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012795
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt012795
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0COOPERATIVE PREPAID DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05000
IRS990ScheduleD/TotalLiabilityAmt03500
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt07287
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DONATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AURORA CENTER FOR ADVOCACY & EDUCATION
IRS990ScheduleI/RecipientTable/RecipientEIN0416007513
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0APPLEBY HALL 128 PLEASANT ST SE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055455
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TREASURER REVIEWS THE 990 BEFORE SIGNING. THEN THE REST OF THE EXECUTIVE BOARD IS MADE AWARE OF IT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. IT IS BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE AT THE WEEKLY MEETINGS. SEPARATION OF DUTIES AND A CLEAR LINE OF PAYMENT IS MADE TO ENSURE THERE IS NO MISAPPROPRIATION OF FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES, THE ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4YES, THE ORGANIZATION HAS MEMBERS THAT HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5YES, CERTAIN DECISIONS ARE SUBJECT TO THE APPROVAL BY ALL MEMBERS NOT JUST THE EXECUTIVE COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 7b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0145077
IRS990/TotalAssetsEOYAmt063023
IRS990/TotalAssetsGrp/BOYAmt0145077
IRS990/TotalAssetsGrp/EOYAmt063023
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0299435
IRS990/TotalGrossUBIAmt09055
IRS990/TotalLiabilitiesBOYAmt022384
IRS990/TotalLiabilitiesEOYAmt012188
IRS990/TotalLiabilitiesGrp/BOYAmt022384
IRS990/TotalLiabilitiesGrp/EOYAmt012188
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0122693
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt050835
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0220744
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0218522
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0227577
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt09055
IRS990/TotalVolunteersCnt045
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0145077
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt063023
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt01625 UNIVERSITY AVE SE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055414
IRS990/VotingMembersGoverningBodyCnt037
IRS990/VotingMembersIndependentCnt037
IRS990/WebsiteAddressTxt0UMN.BETA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TREVOR FRANE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06126245015
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETA THETA PI FRATERNITY
ReturnHeader/Filer/BusinessNameControlTxt0BETA
ReturnHeader/Filer/EIN0410150350
ReturnHeader/Filer/PhoneNum06126245015
ReturnHeader/Filer/USAddress/AddressLine1Txt02221 UNIVERSITY AVE SE
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055414
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410265424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fraternity Purchasing Association
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02221 University Ave SE Ste 11
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055414
ReturnHeader/PreparerPersonGrp/PhoneNum06126245015
ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUTH ENGE
ReturnHeader/ReturnTs02022-09-23T10:09:58-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TREVOR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FRANE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.14$0.83$3.95$3.68$0.28
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.17$0.55$3.06$2.94$0.12
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.23$0.43$3.18$3.25$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.12$0.51$2.28$2.99$0.72
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.22$1.23$2.86$2.83$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.25$1.20$3.65$3.36$0.28
2019Summary only. Only limited summary data is available for this year.$1.07$0.15$0.92$3.47$3.44$0.02
2018Summary only. Only limited summary data is available for this year.$1.08$0.19$0.89$0.41$3.42$3.02
2017Summary only. Only limited summary data is available for this year.$1.03$0.12$0.91$3.12$3.09$0.03
2016Summary only. Only limited summary data is available for this year.$0.94$0.05$0.88$3.02$2.89$0.13
2015Summary only. Only limited summary data is available for this year.$1.14$0.39$0.75$3.17$3.14$0.03
2014Summary only. Only limited summary data is available for this year.$0.87$0.15$0.72$3.04$3.02$0.02
2013Summary only. Only limited summary data is available for this year.$0.96$0.25$0.70$2.98$2.72$0.26
2012Summary only. Only limited summary data is available for this year.$0.67$0.22$0.44$2.68$2.66$0.03
2011Summary only. Only limited summary data is available for this year.$0.55$0.13$0.41$2.36$2.49$0.13