Civic Intelligence

Beta Theta Pi Foundation

990 • Fiscal year 2021 • EIN 80-0296934

Jun 01, 2020 to May 31, 2021 • Filed on Apr 11, 2022

5134 Bonham RoadOxford, OH 45056

(513) 523-7591

Siviq Scores

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

Liabilities / Assets

18th percentile

0.02x

Higher debt load relative to assets than 18% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

31st percentile

0.13x

Higher debt load relative to revenue than 31% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

55th percentile

14%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

49th percentile

$240,463

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

79th percentile

25%

Faster asset growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

58th percentile

18%

Faster revenue growth than 58% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$34,060,012

Up $6,792,530 (+25%) from 2020

Net Assets

Up

$33,409,615

Up $6,891,751 (+26%) from 2020

Liabilities

Down

$650,397

Down $99,221 (-13%) from 2020

Revenue

Up

$5,014,796

Up $777,387 (+18%) from 2020

Expenses

Down

$4,299,210

Down $66,201 (-1.5%) from 2020

Net Income

Up

$715,586

Up $843,588 (+659%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $17,406,371Liabilities 2011: $739,196Net Assets 2011: $16,667,1752011Assets 2012: $18,526,317Liabilities 2012: $924,178Net Assets 2012: $17,602,1392012Assets 2013: $21,933,899Liabilities 2013: $837,599Net Assets 2013: $21,096,3002013Assets 2014: $24,177,837Liabilities 2014: $628,253Net Assets 2014: $23,549,5842014Assets 2015: $25,366,318Liabilities 2015: $637,551Net Assets 2015: $24,728,7672015Assets 2016: $27,238,236Liabilities 2016: $918,732Net Assets 2016: $26,319,5042016Assets 2017: $29,366,248Liabilities 2017: $641,665Net Assets 2017: $28,724,5832017Assets 2018: $31,007,771Liabilities 2018: $705,637Net Assets 2018: $30,302,1342018Assets 2019: $28,295,867Liabilities 2019: $639,399Net Assets 2019: $27,656,4682019Assets 2020: $27,267,482Liabilities 2020: $749,618Net Assets 2020: $26,517,8642020Assets 2021: $34,060,012Liabilities 2021: $650,397Net Assets 2021: $33,409,6152021Assets 2022: $33,085,697Liabilities 2022: $841,725Net Assets 2022: $32,243,9722022Assets 2023: $33,457,442Liabilities 2023: $880,681Net Assets 2023: $32,576,7612023Assets 2024: $35,744,331Liabilities 2024: $1,061,939Net Assets 2024: $34,682,3922024

Highlighted filing

2021

Assets$34,060,012
Liabilities$650,397
Net Assets$33,409,615

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $3,292,1982011Expenses 2012: $3,069,7182012Expenses 2013: $3,597,4022013Revenue 2014: $4,787,426Expenses 2014: $3,233,167Net Income 2014: $1,554,2592014Revenue 2015: $7,022,000Expenses 2015: $5,786,228Net Income 2015: $1,235,7722015Revenue 2016: $7,946,470Expenses 2016: $5,043,968Net Income 2016: $2,902,5022016Revenue 2017: $6,473,143Expenses 2017: $5,040,374Net Income 2017: $1,432,7692017Revenue 2018: $7,813,903Expenses 2018: $5,931,332Net Income 2018: $1,882,5712018Revenue 2019: $4,953,267Expenses 2019: $6,387,143Net Income 2019: -$1,433,8762019Revenue 2020: $4,237,409Expenses 2020: $4,365,411Net Income 2020: -$128,0022020Revenue 2021: $5,014,796Expenses 2021: $4,299,210Net Income 2021: $715,5862021Revenue 2022: $6,703,723Expenses 2022: $4,934,892Net Income 2022: $1,768,8312022Revenue 2023: $7,425,223Expenses 2023: $5,976,117Net Income 2023: $1,449,1062023Revenue 2024: $7,229,366Expenses 2024: $7,289,321Net Income 2024: -$59,9552024

Highlighted filing

2021

Revenue$5,014,796
Expenses$4,299,210
Net Income$715,586
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Apr 11, 2022
Return Version
2020v4.2
Gross Receipts
$5,447,681
Mission and Program Overview

Mission

The principal purpose of the organization, hereinafter referred to as the foundation, shall be to foster the charitable, scientific, literary and educational purposes of beta theta pi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,953,418$25,694,300▲ $6,740,882
Savings and Temporary Cash Investments$5,070,851$5,877,049▲ $806,198
Land, Buildings, and Equipment, Net$2,020,362$1,931,955▼ $88,407
Pledges and Grants Receivable$1,213,586$552,154▼ $661,432
Accounts Receivable$9,234$4,523▼ $4,711
Cash and Non-Interest-Bearing Accounts$31$31→ $0
Total Assets$27,267,482$34,060,012▲ $6,792,530
Liabilities
Other Liabilities$520,372$313,301▼ $207,071
Accounts Payable and Accrued Expenses$229,246$187,096▼ $42,150
Unsecured Notes Loans Payable-$150,000-
Total Liabilities$749,618$650,397▼ $99,221
Net Assets / Fund Balance
Net Assets With Donor Restrictions$17,922,414$22,850,173▲ $4,927,759
Net Assets Without Donor Restrictions$8,595,450$10,559,442▲ $1,963,992
Total Net Assets Fund Balance$26,517,864$33,409,615▲ $6,891,751
Total Liabilities and Net Assets / Fund Balance$27,267,482$34,060,012▲ $6,792,530

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,680,979$1,944,301$3,625,280
Equipment$50,516$806,511$857,027
Leasehold Improvements$92,527$483,167$575,694
Land$107,933-$107,933

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$17,551,390$315,644▲ $6,481,884$974,432$23,374,486
2019$18,792,486$133,948▼ $563,689$811,355$17,551,390
2018$19,733,656$195,207▼ $293,693$842,684$18,792,486
2017$18,589,113$485,329▲ $1,551,444$892,230$19,733,656
2016$16,714,414$778,754▲ $1,845,219$749,274$18,589,113
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Fernandez PhilChief Foundation OfficerFT$145,093$145,093
Ormsby UriChief Financial OfficerPT$90,402$90,402
Revenue and Support

Revenue Composition

Contributions and Grants
$3,956,803
Program Service Revenue
$0
Investment Income
$820,416
Other Revenue
$237,577
All Other Contributions
$3,770,153
Change in Net Assets
$715,586

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$312,223Average High and Low
Total Noncash Contributions9$312,223-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,954,753
Revenue Not Reported on Financial Statements
$60,043
Revenue Not Reported on Form 990
$6,108,912
Total Revenue per Audited Statements
$11,063,665
Total Revenue per Form 990
$5,014,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,900,150
Salaries, Compensation, and Employee Benefits$959,709
Other Expenses$364,961
Total Fundraising Expense$183,711
Professional Fundraising Fees$74,390

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,408,427--$2,408,427
Other Salaries and Wages$761,274--$761,274
Grants to Domestic Individuals$491,723--$491,723
Current Officers, Directors, Trustees, and Key Employees$2,313$86,717$86,364$175,394
Office Expenses$113,835-$2,057$115,892
Depreciation Depletion$90,156--$90,156
Fees for Services Professional Fundraising--$74,390$74,390
Fees for Service Investment Mgmnt Fees-$60,043-$60,043
Occupancy$24,047--$24,047
Other Employee Benefits$20,697--$20,697
Fees for Services Legal-$17,959-$17,959
Information Technology$15,830--$15,830
Insurance$8,988--$8,988
Travel$4,631--$4,631
Conferences and Meetings$2,687--$2,687
Payroll Taxes$2,344--$2,344
Other Expenses$505-$20,900$505
Advertising$360--$360
Total Functional Expenses$3,950,780$164,719$183,711$4,299,210

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,299,210
Expenses per Audited Statements$4,239,167
Total Expenses per Audited Statements$4,171,914
Expenses Not Reported on Financial Statements$60,043
Expenses Not Reported on Form 990$-67,253
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Beta Theta Pi FraternityOxford, OH501(c)7Leadership Developement$722,721
Theta Delta of Beta Theta Pi Alumni AssociationUpper Arlington, OH501(c)7Designated Educational Area Grant$445,041
Alpha Chapter House CompanyOxford, OH501(c)7Designated Educational Area Grant$427,931
Beta Theta Pi Corporation of OklahomaOklahoma City, OK501(c)7Designated Educational Area Grant$245,000
Tau Sigma Alumni AssociationWaukee, IA501(c)7Designated Educational Area Grant$135,211
Beta Theta Pi Building CorporationTulsa, OK501(c)7Designated Educational Area Grant$132,674
Beta Mu House CorporationCicero, IN501(c)7Designated Educational Area Grant$101,712
Crucible Building Association (c7)Magnolia, TX501(c)7Designated Educational Area Grant$85,000
The Piazza Center Co Penn StateState College, PA501(c)3Designated Educational Area Grant$20,000
Afa FoundationIndianapolis, IN501(c)3Educational Support for the Fraternity Advisor Community$7,500
House Corporation of Delta Mu ChapterLubbock, TX501(c)7Designated Educational Area Grant$5,454
Gamma Nu House CorporationLos Angeles, CA501(c)7Designated Educational Area Grant$4,718
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$74,390
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$201,617
Due to Related Party$111,684
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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 B, Line 11B

The foundation treasurer (audit committee chair) reviews the form 990 and asks staff to email it to the remainder of the board for review prior to filing.

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

All board members and staff are required to sign the conflict of interest policy annually. If a conflict occurs, the board chairman and the executive director are informed and the conflict is worked through. No conflicts were noted for the current year.

Form 990, Part VI, Section B, Line 15A

The board of trustees of the beta theta pi fraternity reviewed and approved the compensation for its executive director in 2018 and it is reviewed annually. The board members reviewing the executive compensation were not related to any of the board or directors by family or business connection.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Beta Theta Pi Foundation
EIN
80-0296934
Phone
5135237591
Address
5134 BONHAM ROAD, OXFORD, OH 45056

Signing Officer

Name
Jeff Rundle
Title
Executive Director
Phone
5135237591
Signed
2022-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Rundle
Formed
2010
Legal Domicile
Oh
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
27

Preparer

Firm
Blue & Co LLC
Address
12800 N MERIDIAN ST STE 400, CARMEL, IN 46032
Preparer
Angela N Crawford CPA
Phone
3178488920
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The endowment includes both donor-restricted endowment fund and funds designated by the governing body to function as endowments (board-designated endowment funds). The foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. Endowment assets include those assets of donor-restricted endowment funds the foundation must hold in perpetuity or for donor-specified periods, as well as those of board-designated endowment funds. Under the foundation's policies, endowment assets are invested in a manner that is intended to produce results that exceed the need for income to fund grants that support scholarships and leadership programming while assuming levels of investment risk based on each endowment's risk tolerance and time horizon.

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the foundation, and has concluded that as of may 31, 2021 and 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Miscellaneous income netted with expenses -67,253.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Miscellaneous income netted with expenses -67,253.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF FOUNDATION OFFICER
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PRINCIPAL PURPOSE OF THE ORGANIZATION, HEREINAFTER REFERRED TO AS THE FOUNDATION, SHALL BE TO FOSTER THE CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES OF BETA THETA PI.
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IRS990/NondeductibleContributionsInd00
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IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05217137
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IRS990ScheduleA/TotalSupportAmt028817226
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$35.7$1.06$34.7$7.23$7.29$0.06
2023Detailed filing. Detailed filing data is available for this year.$33.5$0.88$32.6$7.43$5.98$1.45
2022Detailed filing. Detailed filing data is available for this year.$33.1$0.84$32.2$6.70$4.93$1.77
2021Detailed filing. Detailed filing data is available for this year.$34.1$0.65$33.4$5.01$4.30$0.72
2020Detailed filing. Detailed filing data is available for this year.$27.3$0.75$26.5$4.24$4.37$0.13
2019Detailed filing. Detailed filing data is available for this year.$28.3$0.64$27.7$4.95$6.39$1.43
2018Detailed filing. Detailed filing data is available for this year.$31.0$0.71$30.3$7.81$5.93$1.88
2017Detailed filing. Detailed filing data is available for this year.$29.4$0.64$28.7$6.47$5.04$1.43
2016Detailed filing. Detailed filing data is available for this year.$27.2$0.92$26.3$7.95$5.04$2.90
2015Detailed filing. Detailed filing data is available for this year.$25.4$0.64$24.7$7.02$5.79$1.24
2014Detailed filing. Detailed filing data is available for this year.$24.2$0.63$23.5$4.79$3.23$1.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.9$0.84$21.1$3.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$0.92$17.6$3.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.4$0.74$16.7$3.29