Civic Intelligence

Beta Eta Educational Foundation

990 • Fiscal year 2022 • EIN 41-6028201

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

Organization ProfileN/A

Refreshing map…

2221 University Ave SE Ste 111Minneapolis, MN 55414

(612) 624-5015

Siviq Scores

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

Liabilities / Assets

54th percentile

0.21x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

2.56x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Net Margin

3rd percentile

-41%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Asset Growth

85th percentile

16%

Faster asset growth than 85% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-33%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$1,131,507

Up $14,390 (+1.3%) from 2022

Net Assets

Up

$899,379

Up $14,390 (+1.6%) from 2022

Liabilities

Flat

$232,128

Flat from 2022

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin3rd percentile

Revenue

Up

$90,685

Up $15,415 (+20%) from 2022

Expenses

Up

$127,483

Up $1,025 (+0.8%) from 2022

Net Income

Up

-$36,798

Up $14,390 (+28%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $450,261Liabilities 2011: $10,3372011Assets 2012: $486,509Liabilities 2012: $5,0072012Assets 2013: $544,381Liabilities 2013: $0Net Assets 2013: $544,3812013Assets 2014: $586,138Liabilities 2014: $0Net Assets 2014: $586,1382014Assets 2015: $620,172Liabilities 2015: $0Net Assets 2015: $620,1722015Assets 2016: $660,537Liabilities 2016: $0Net Assets 2016: $660,5372016Assets 2017: $707,008Liabilities 2017: $0Net Assets 2017: $707,0082017Assets 2018: $812,397Liabilities 2018: $0Net Assets 2018: $812,3972018Assets 2019: $911,959Liabilities 2019: $47,516Net Assets 2019: $864,4432019Assets 2020: $946,493Liabilities 2020: $43,599Net Assets 2020: $902,8942020Assets 2021: $975,618Liabilities 2021: $39,441Net Assets 2021: $936,1772021Assets 2022: $1,117,117Liabilities 2022: $232,128Net Assets 2022: $884,9892022Assets 2022: $1,131,507Liabilities 2022: $232,128Net Assets 2022: $899,3792022Assets 2023: $955,473Liabilities 2023: $0Net Assets 2023: $955,4732023Assets 2024: $999,328Liabilities 2024: $0Net Assets 2024: $999,3282024

Highlighted filing

2022

Assets$1,131,507
Liabilities$232,128
Net Assets$899,379
Open 2022 Filing

Operations Trend

Revenue Growth4th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $71,715Expenses 2011: $58,468Net Income 2011: $13,2472011Revenue 2012: $80,283Expenses 2012: $38,705Net Income 2012: $41,5782012Revenue 2013: $104,761Expenses 2013: $41,882Net Income 2013: $62,8792013Revenue 2014: $97,106Expenses 2014: $55,349Net Income 2014: $41,7572014Revenue 2015: $94,000Expenses 2015: $59,965Net Income 2015: $34,0352015Revenue 2016: $88,427Expenses 2016: $48,063Net Income 2016: $40,3642016Revenue 2017: $101,538Expenses 2017: $55,066Net Income 2017: $46,4722017Revenue 2018: $163,855Expenses 2018: $58,467Net Income 2018: $105,3882018Revenue 2019: $152,189Expenses 2019: $100,143Net Income 2019: $52,0462019Revenue 2020: $119,391Expenses 2020: $80,940Net Income 2020: $38,4512020Revenue 2021: $134,710Expenses 2021: $101,428Net Income 2021: $33,2822021Revenue 2022: $75,270Expenses 2022: $126,458Net Income 2022: -$51,1882022Revenue 2022: $90,685Expenses 2022: $127,483Net Income 2022: -$36,7982022Revenue 2023: $466,349Expenses 2023: $410,253Net Income 2023: $56,0962023Revenue 2024: $153,530Expenses 2024: $109,675Net Income 2024: $43,8552024

Highlighted filing

2022

Revenue$90,685
Expenses$127,483
Net Income-$36,798
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$136,246
Mission and Program Overview

Mission

To promote, operate and maintain housing and other facilities for the use and benefit of the beta eta chapter of delta tau delta fraternity including both members and guest.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$936,177$899,379▼ $36,798
Land, Buildings, and Equipment, Net$560,627$663,968▲ $103,341
Investments in Publicly Traded Securities$204,534$211,277▲ $6,743
Cash and Non-Interest-Bearing Accounts$148,623$181,724▲ $33,101
Prepaid Expenses and Deferred Charges-$10,000-
Savings and Temporary Cash Investments$5,236$8,538▲ $3,302
Total Assets$975,618$1,131,507▲ $155,889
Other Assets Total$56,598$56,000▼ $598
Liabilities
Deferred Revenue-$232,128-
Mortgage Notes Payable Secured by Investment Property$39,441$0▼ $39,441
Total Liabilities$39,441$232,128▲ $192,687
Net Assets / Fund Balance
Total Net Assets Fund Balance$936,177$899,379▼ $36,798
Total Liabilities and Net Assets / Fund Balance$975,618$1,131,507▲ $155,889

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$471,561$369,489-
Other Land Buildings$109,706--
Land$10,000--
Equipment$72,701$79,383-
Other Assets Org$0--
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Mark RobertsPresident
Brooks JohnsonDirector
Robbie KahlDirector
John DumonceauxSecretary
Ronnie ErhardtTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$84,920
Investment Income
$5,305
Other Revenue
$460
Change in Net Assets
$-36,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,816
Professional Fundraising Fees$22,667
Total Fundraising Expense$22,667
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$43,528$0$0$43,528
Depreciation Depletion$31,306$0$0$31,306
Fees for Services Professional Fundraising--$22,667$22,667
Occupancy$20,769$0$0$20,769
Fees for Services Legal$2,988$0$0$2,988
Fees for Service Investment Mgmnt Fees$2,646$0$0$2,646
Fees for Services Accounting$1,050$0$0$1,050
Interest$1,025$0$0$1,025
Office Expenses$1,000$0$0$1,000
Other Expenses$104$0$0$104
Total Functional Expenses$104,816$0$22,667$127,483
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$22,667
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Beta Eta Educational Foundation
EIN
41-6028201
Phone
6126245015
Address
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414

Signing Officer

Name
Ronnie P Erhardt
Title
Treasurer
Phone
6126245015
Signed
2023-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Roberts
Formed
1950
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
50

Preparer

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

Additional Explanations

Pt VI, Line 6

“Yes, the organization has members.”

Pt VI, Line 7A

“Yes, the organization has Alumni that have the power to elect or appoint one or more members of the governing board at the annual meeting.”

Pt VI, Line 11B

“Form 990 is reviewed by the signing officer before it is signed and filed with the IRS.”

Pt VI, Line 19

“The organization makes it's governing documents and financial reports available only upon request.”

Pt XII, Line 1

“Organization follows modified accrual accounting”

Raw XML Appendix357 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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IRS990ScheduleG/TotalRetainedByContractorsAmt022667
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Yes, the organization has members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Yes, the organization has Alumni that have the power to elect or appoint one or more members of the governing board at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is reviewed by the signing officer before it is signed and filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes it's governing documents and financial reports available only upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Organization follows modified accrual accounting
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XII, Line 1
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0975618
IRS990/TotalAssetsEOYAmt01131507
IRS990/TotalAssetsGrp/BOYAmt0975618
IRS990/TotalAssetsGrp/EOYAmt01131507
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022667
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0104816
IRS990/TotalFunctionalExpensesGrp/TotalAmt0127483
IRS990/TotalGrossUBIAmt05305
IRS990/TotalLiabilitiesBOYAmt039441
IRS990/TotalLiabilitiesEOYAmt0232128
IRS990/TotalLiabilitiesGrp/BOYAmt039441
IRS990/TotalLiabilitiesGrp/EOYAmt0232128
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0936177
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0899379
IRS990/TotalProgramServiceRevenueAmt084920
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt085380
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt090685
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05305
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0975618
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01131507
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt013906 YOSEMITE
IRS990/USAddress/CityNm0SAVAGE
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055378
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RONNIE P ERHARDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06126245015
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETA ETA EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BETA
ReturnHeader/Filer/EIN0416028201
ReturnHeader/Filer/PhoneNum06126245015
ReturnHeader/Filer/USAddress/AddressLine1Txt02221 UNIVERSITY AVE SE STE 111
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055414
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02023-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE BALLENSKY
ReturnHeader/ReturnTs02024-07-25T09:35:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RONNIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ERHARDT
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,131,507
Liabilities
$232,128
Net assets
$899,379
Revenue
$90,685
Expenses
$127,483
Net income
-$36,798
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.00$1.00$0.15$0.11$0.04
2023Summary only. Only limited summary data is available for this year.$0.96$0.00$0.96$0.47$0.41$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.13$0.23$0.90$0.09$0.13$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.23$0.88$0.08$0.13$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.04$0.94$0.13$0.10$0.03
2020Summary only. Only limited summary data is available for this year.$0.95$0.04$0.90$0.12$0.08$0.04
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.05$0.86$0.15$0.10$0.05
2018Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$0.16$0.06$0.11
2017Summary only. Only limited summary data is available for this year.$0.71$0.00$0.71$0.10$0.06$0.05
2016Summary only. Only limited summary data is available for this year.$0.66$0.00$0.66$0.09$0.05$0.04
2015Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$0.09$0.06$0.03
2014Summary only. Only limited summary data is available for this year.$0.59$0.00$0.59$0.10$0.06$0.04
2013Summary only. Only limited summary data is available for this year.$0.54$0.00$0.54$0.10$0.04$0.06
2012Summary only. Only limited summary data is available for this year.$0.49$0.01$0.08$0.04$0.04
2011Summary only. Only limited summary data is available for this year.$0.45$0.01$0.07$0.06$0.01