Civic Intelligence

Beta Alpha Association of Theta XI Inc

990 • Fiscal year 2024 • EIN 58-6036553

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 30, 2025

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

87th percentile

0.74x

Higher debt load relative to assets than 87% of similar nonprofits.

2024 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

7.00x

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

2024 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2024

Net Margin

18th percentile

-4.0%

Higher net margin than 18% of similar nonprofits.

2024 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2024 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2024

Asset Growth

15th percentile

-3.6%

Faster asset growth than 15% of similar nonprofits.

2024 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

15th percentile

-6.4%

Faster revenue growth than 15% of similar nonprofits.

2024 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$5,475,374

Down $206,695 (-3.6%) from 2023

Net Assets

Down

$1,432,439

Down $23,253 (-1.6%) from 2023

Liabilities

Down

$4,042,935

Down $183,442 (-4.3%) from 2023

Revenue

Down

$577,615

Down $39,361 (-6.4%) from 2023

Expenses

Up

$600,868

Up $50,543 (+9.2%) from 2023

Net Income

Down

-$23,253

Down $89,904 (-135%) from 2023

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

2024

Assets$5,475,374
Liabilities$4,042,935
Net Assets$1,432,439

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

2024

Revenue$577,615
Expenses$600,868
Net Income-$23,253
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.1
Gross Receipts
$577,615
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$5,176,433$4,977,669▼ $198,764
Rtn Earn Endowment Incm Other Fnds$1,455,692$1,432,439▼ $23,253
Cash and Non-Interest-Bearing Accounts$305,636$297,705▼ $7,931
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,682,069$5,475,374▼ $206,695
Other Assets Total$200,000$200,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,226,377$4,042,935▼ $183,442
Total Liabilities$4,226,377$4,042,935▼ $183,442
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,455,692$1,432,439▼ $23,253
Total Liabilities and Net Assets / Fund Balance$5,682,069$5,475,374▼ $206,695

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,715,874$669,035$5,384,909
Land$254,179-$254,179
Other Land Buildings$7,616$7,127$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
Walton WadeUndergraduate-at-large
Revenue and Support

Revenue Composition

Contributions and Grants
$800
Program Service Revenue
$567,097
Investment Income
$9,718
Other Revenue
$0
All Other Contributions
$800
Change in Net Assets
$-23,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$600,868
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
Depreciation Depletion$198,764--$198,764
Interest$164,614--$164,614
Insurance$26,419--$26,419
Fees for Services Other-$24,168-$24,168
Advertising-$6,310-$6,310
Travel$4,026--$4,026
All Other Expenses$2,812--$2,812
Fees for Services Accounting-$2,500-$2,500
Other Expenses$1,884--$1,884
Office Expenses-$1,430-$1,430
Fees for Services Legal-$1,387-$1,387
Information Technology-$276-$276
Total Functional Expenses$564,797$36,071$0$600,868
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
2025-04-30
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/MissionDesc0THE 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.
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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
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/ReturnTs02025-04-30T17:49:27-05:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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