Civic Intelligence

Beta Alpha Association of Theta XI Inc

990 • Fiscal year 2023 • EIN 58-6036553

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 25, 2024

541 10th Street NW 109Atlanta, GA 30318

(770) 549-1850

Siviq Scores

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

Liabilities / Assets

86th percentile

0.74x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

6.85x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2023

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2023 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2023 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2023

Asset Growth

23rd percentile

-2.0%

Faster asset growth than 23% of similar nonprofits.

2023 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

18%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$5,682,069

Down $114,255 (-2.0%) from 2022

Net Assets

Up

$1,455,692

Up $66,651 (+4.8%) from 2022

Liabilities

Down

$4,226,377

Down $180,906 (-4.1%) from 2022

Revenue

Up

$616,976

Up $95,317 (+18%) from 2022

Expenses

Up

$550,325

Up $40,171 (+7.9%) from 2022

Net Income

Up

$66,651

Up $55,146 (+479%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $612,284Liabilities 2013: $306,718Net Assets 2013: $305,5662013Assets 2014: $584,565Liabilities 2014: $189,858Net Assets 2014: $394,7072014Assets 2016: $535,451Liabilities 2016: $0Net Assets 2016: $535,4512016Assets 2017: $509,188Liabilities 2017: $0Net Assets 2017: $509,1882017Assets 2018: $668,100Liabilities 2018: $0Net Assets 2018: $668,1002018Assets 2019: $785,037Liabilities 2019: $0Net Assets 2019: $785,0372019Assets 2020: $2,304,337Liabilities 2020: $1,136,411Net Assets 2020: $1,167,9262020Assets 2021: $5,969,682Liabilities 2021: $4,592,146Net Assets 2021: $1,377,5362021Assets 2022: $5,796,324Liabilities 2022: $4,407,283Net Assets 2022: $1,389,0412022Assets 2023: $5,682,069Liabilities 2023: $4,226,377Net Assets 2023: $1,455,6922023Assets 2024: $5,475,374Liabilities 2024: $4,042,935Net Assets 2024: $1,432,4392024Assets 2025: $5,114,212Liabilities 2025: $3,826,200Net Assets 2025: $1,288,0122025

Highlighted filing

2023

Assets$5,682,069
Liabilities$4,226,377
Net Assets$1,455,692

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2013: $181,400Expenses 2013: $159,733Net Income 2013: $21,6672013Revenue 2014: $185,751Expenses 2014: $96,610Net Income 2014: $89,1412014Revenue 2016: $200,070Expenses 2016: $163,188Net Income 2016: $36,8822016Revenue 2017: $187,565Expenses 2017: $213,828Net Income 2017: -$26,2632017Revenue 2018: $245,266Expenses 2018: $86,354Net Income 2018: $158,9122018Revenue 2019: $187,545Expenses 2019: $90,629Net Income 2019: $96,9162019Revenue 2020: $437,369Expenses 2020: $54,480Net Income 2020: $382,8892020Revenue 2021: $388,079Expenses 2021: $178,469Net Income 2021: $209,6102021Revenue 2022: $521,659Expenses 2022: $510,154Net Income 2022: $11,5052022Revenue 2023: $616,976Expenses 2023: $550,325Net Income 2023: $66,6512023Revenue 2024: $577,615Expenses 2024: $600,868Net Income 2024: -$23,2532024Revenue 2025: $585,084Expenses 2025: $529,511Net Income 2025: $55,5732025

Highlighted filing

2023

Revenue$616,976
Expenses$550,325
Net Income$66,651
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 25, 2024
Return Version
2023v5.0
Gross Receipts
$616,976
Mission and Program Overview

Mission

The organization exists for the primary purpose of providing a chapter house and living facilities for members of the beta alpha chapter of theta xi fraternity, which is located at the georgia institute of technology in atlanta, georgia.

The organization exists for the primary purpose of providing a chapter house and living facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,375,197$5,176,433▼ $198,764
Rtn Earn Endowment Incm Other Fnds$1,389,041$1,455,692▲ $66,651
Cash and Non-Interest-Bearing Accounts$421,127$305,636▼ $115,491
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,796,324$5,682,069▼ $114,255
Other Assets Total$0$200,000▲ $200,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,407,283$4,226,377▼ $180,906
Total Liabilities$4,407,283$4,226,377▼ $180,906
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,389,041$1,455,692▲ $66,651
Total Liabilities and Net Assets / Fund Balance$5,796,324$5,682,069▼ $114,255

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,911,689$473,220$5,384,909
Land$254,179-$254,179
Other Land Buildings$10,565$4,178$14,743
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marshall SimsPresident
Allaine De La CruzVice President
Carson EarnestAlumnus-at-large
Dan MulloyAlumnus-at-large
David BostaterSecretary
Adam CaracciTreasurer
James RehbergUndergraduate-at-large
Revenue and Support

Revenue Composition

Contributions and Grants
$350
Program Service Revenue
$614,347
Investment Income
$2,279
Other Revenue
$0
All Other Contributions
$350
Change in Net Assets
$66,651
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$536,007
Grants and Similar Amounts Paid$14,318
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$198,764--$198,764
Interest$192,125--$192,125
Insurance$26,278--$26,278
Fees for Services Other-$18,680-$18,680
Grants to Domestic Orgs$14,318--$14,318
Advertising-$6,096-$6,096
All Other Expenses$4,381--$4,381
Fees for Services Legal-$4,008-$4,008
Other Expenses$2,807--$2,807
Fees for Services Accounting-$2,500-$2,500
Travel$1,959--$1,959
Information Technology-$276-$276
Office Expenses-$139-$139
Total Functional Expenses$518,626$31,699$0$550,325
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Theta Xi FoundationAtlanta, GA501(c)(3)Endowment Campaign$0
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
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

There are two classes of members, undergraduate members and alumni members. There are about 100 undergraduate members and about 1,100 alumni members, including 7 board members.

Form 990, Part VI, Section A, Line 7A

All officers are elected by receipt of a simple majority of votes cast by the members. An undergraduate member in good standing gains voting privileges during his final semester as an undergraduate student at the georgia institute of technology after paying the association's membership fee. All alumni members in good standing have voting privileges.

Form 990, Part VI, Section A, Line 7B

Certain decisions made by the governing body are subject to approval through majority vote by the members.

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

The treasurer reviews the form 990 before filing.

Form 990, Part VI, Section C, Line 19

The organization's documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Beta Alpha
EIN
58-6036553
Phone
7705491850
Address
541 10TH STREET NW 109, ATLANTA, GA 30318

Signing Officer

Name
Adam Caracci
Title
Treasurer
Phone
7705491850
Signed
2024-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marshall Sims
Formed
1952
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Frazier & Deeter LLC
Address
1230 PEACHTREE STREET NE SUITE 1500, ATLANTA, GA 30309
Preparer
Thomas R Burton Iii
Phone
4042537500
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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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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE TWO CLASSES OF MEMBERS, UNDERGRADUATE MEMBERS AND ALUMNI MEMBERS. THERE ARE ABOUT 100 UNDERGRADUATE MEMBERS AND ABOUT 1,100 ALUMNI MEMBERS, INCLUDING 7 BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS ARE ELECTED BY RECEIPT OF A SIMPLE MAJORITY OF VOTES CAST BY THE MEMBERS. AN UNDERGRADUATE MEMBER IN GOOD STANDING GAINS VOTING PRIVILEGES DURING HIS FINAL SEMESTER AS AN UNDERGRADUATE STUDENT AT THE GEORGIA INSTITUTE OF TECHNOLOGY AFTER PAYING THE ASSOCIATION'S MEMBERSHIP FEE. ALL ALUMNI MEMBERS IN GOOD STANDING HAVE VOTING PRIVILEGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN DECISIONS MADE BY THE GOVERNING BODY ARE SUBJECT TO APPROVAL THROUGH MAJORITY VOTE BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TREASURER REVIEWS THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THETA XI FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THETA XI FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0430549670
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1436049500
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PARENT ORG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0260 PEACHTREE STREET NW SUITE 900
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1260 PEACHTREE STREET NW SUITE 900
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ATLANTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1ATLANTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030303
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd130303
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05796324
IRS990/TotalAssetsEOYAmt05682069
IRS990/TotalAssetsGrp/BOYAmt05796324
IRS990/TotalAssetsGrp/EOYAmt05682069
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0350
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031699
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0518626
IRS990/TotalFunctionalExpensesGrp/TotalAmt0550325
IRS990/TotalGrossUBIAmt02279
IRS990/TotalLiabilitiesBOYAmt04407283
IRS990/TotalLiabilitiesEOYAmt04226377
IRS990/TotalLiabilitiesGrp/BOYAmt04407283
IRS990/TotalLiabilitiesGrp/EOYAmt04226377
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01389041
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01455692
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0518626
IRS990/TotalProgramServiceRevenueAmt0614347
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0614347
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0616976
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02279
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05796324
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05682069
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TravelGrp/ProgramServicesAmt01959
IRS990/TravelGrp/TotalAmt01959
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0541 10TH STREET NW 109
IRS990/USAddress/CityNm0ATLANTA
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030318
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ADAM CARACCI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07705491850
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETA ALPHA
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION OF THETA XI
ReturnHeader/Filer/BusinessNameControlTxt0BETA
ReturnHeader/Filer/EIN0586036553
ReturnHeader/Filer/PhoneNum07705491850
ReturnHeader/Filer/USAddress/AddressLine1Txt0541 10TH STREET NW 109
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030318
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0581433845
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRAZIER & DEETER LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01230 PEACHTREE STREET NE SUITE 1500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030309
ReturnHeader/PreparerPersonGrp/PhoneNum04042537500
ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS R BURTON III
ReturnHeader/ReturnTs02024-03-25T13:16:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ADAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CARACCI
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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