2025-03-28T11:21:34-05:00 2024-05-31 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2023-06-01 800296934 BETA THETA PI FOUNDATION BETA 5135237591 5134 BONHAM ROAD OXFORD OH 45056 JEFF RUNDLE CEO 5135237591 2025-03-27 1 0 ANGELA N CRAWFORD CPA P00573197 3178488920 2025-03-27 2023 2025-03-06 01:10:19Z JEFF RUNDLE 5134 BONHAM ROAD OXFORD OH 45056 12546198 0 X WWW.BETA.ORG/FOUNDATION/ X 2008 OH THE PURPOSE OF THE FOUNDATION IS TO FUND THE EDUCATIONAL MISSION OF BETA THETA PI FRATERNITY. 18 18 0 17 0 0 6291138 5471729 0 0 878165 1460759 255920 296878 7425223 7229366 3828782 5005846 0 0 930632 1287803 8158 233957 459393 1208545 761715 5976117 7289321 1449106 -59955 33457442 35744331 880681 1061939 32576761 34682392 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. 0 0 3715869 2607358 THE ORGANIZATION PROVIDES EDUCATIONAL GRANTS TO ORGANIZATIONS THAT FURTHER THE FOUNDATION'S MISSION, AS WELL AS PROVIDE TUITION SCHOLARSHIPS TO INDIVIDUALS ATTENDING INSTITUTIONS OF HIGHER EDUCATION IN NORTH AMERICA. 258017 258017 TUITION SCHOLARSHIPS WERE AWARDED TO STUDENTS ATTENDING A NORTH AMERICAN COLLEGE OR UNIVERSITY. 2140471 2140471 DESIGNATED EDUCATIONAL AREA GRANTS ARE AVAILABLE FROM RESTRICTED CHAPTER FUNDS AND CAN COVER THE COST OF CONSTRUCTION OR RENOVATION OF EDUCATIONAL AREAS IN THE CHAPTER HOUSE SUCH AS THE LIBRARY, STUDY ROOM, COMPUTER ROOM, AS WELL AS EDUCATIONAL FURNISHINGS, INCLUDING COMPUTER EQUIPMENT AND INTERNET ACCESS. OPERATIONAL GRANTS ARE ALSO AVAILABLE FROM RESTRICTED CHAPTER FUNDS IN SUBSEQUENT YEARS TO COVER THE EXPENSES RELATED TO OPERATING THESE EDUCATIONAL AREAS ANNUALLY 6114357 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AZ AR CA CO CT DC DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY X THE ORGANIZATION 5135237591 5134 BONHAM ROAD OXFORD OH 45056 RICHARD W BANKS CHAIRMAN 2.00 X X 0 0 0 RANDALL D GROVES TREASURER 2.00 X X 0 0 0 STAVAN R BHATT DIRECTOR 1.00 X 0 0 0 MICHAEL ALLEN BICKFORD DIRECTOR 1.00 X 0 0 0 ARTHUR C CARMICHAEL JR DIRECTOR 1.00 X 0 0 0 KARL CHIAO DIRECTOR 1.00 X 0 0 0 PETER DARROW DIRECTOR 1.00 X 0 0 0 JEFFREY M FLANAGAN DIRECTOR 1.00 X 0 0 0 SCOTT E GROTJAN DIRECTOR 1.00 X 0 0 0 ZACHARY T HAINES DIRECTOR 1.00 X 0 0 0 KENT R MIRE DIRECTOR 1.00 X 0 0 0 MARTIN E OBST DIRECTOR 1.00 X 0 0 0 THOMAS C OLVER DIRECTOR 1.00 X 0 0 0 R THOMAS REEVES DIRECTOR 1.00 X 0 0 0 RICHARD A SABOL DIRECTOR 1.00 X 0 0 0 JOHN W TORGET DIRECTOR 1.00 X 0 0 0 BRUCE J WENGER DIRECTOR 1.00 X 0 0 0 AUSTIN MARPLE BEG 1223 CHIEF FINANCIAL OFFICER 10.00 30.00 X 0 25608 1024 JEFF RUNDLE CHIEF EXECUTIVE OFFICER 10.00 30.00 X 0 234141 61742 URI ORMSBY END 1223 CHIEF FINANCIAL OFFICER 10.00 30.00 X 0 103769 55284 PHIL FERNANDEZ CHIEF FOUNDATION OFFICER 36.00 4.00 X 0 142468 60576 0 505986 178626 0 0 1 0 PENNINGTON & COMPANY 501 GATEWAY DR A LAWRENCE KS 66049 FUNDRAISING 125207 1 199440 5272289 569612 5471729 855443 855443 269298 0 269298 269298 269298 5905610 5300294 605316 605316 605316 44118 16538 27580 27580 7229366 0 0 1757637 4747829 4747829 258017 258017 215170 85512 99471 30187 1068914 375989 531597 161328 855 340 395 120 2864 1138 1324 402 22984 22984 40204 40204 233957 233957 70731 70731 26653 26653 150 150 118874 118822 52 111576 102889 2029 6658 18802 18802 43936 23594 20342 77222 77222 186343 185674 223 446 22225 22225 BAD DEBT EXPENSE 9801 9801 MISCELLANEOUS 6313 6313 MISC FUNDRAISING EXPENS 5901 5901 7289321 6114357 715571 459393 31 31 4829552 5097265 2349557 2649878 6302 7710 750000 26482 5705305 3730647 2152694 1974658 24119306 25238307 33457442 35744331 175160 27590 705521 1034349 880681 1061939 X 8008408 7608725 24568353 27073667 32576761 34682392 33457442 35744331 -59955 2165586 0 X X 0 1 X 1 0 X 3469387 3956803 3988531 6291138 5471729 23177588 3469387 3956803 3988531 6291138 5471729 23177588 1016106 22161482 1058632 953690 1660867 1240712 1124741 6038642 1348 22843 3510 27580 55281 29271511 0.75710 0.73580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21357014 297413 3234680 944800 23944307 22560825 177247 -310365 1070693 21357014 23374486 412351 -380239 845773 22560825 17551390 315644 6481884 974432 23374486 18792486 133948 -563689 811355 17551390 0.27431 0.50036 0.22533 0 0 107933 107933 4740345 2873620 1866725 857027 857027 0 1974658 DUE TO RELATED PARTY 915452 ANNUITIES PAYABLE 118897 1034349 X 9340759 2165586 16538 2182124 7158635 70731 70731 7229366 7235128 16538 16538 7218590 70731 70731 7289321 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: THE FOUNDATION IS ORGANIZED AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE. AS SUCH, THE FOUNDATION IS EXEMPT FROM INCOME TAXES. HOWEVER, THE FOUNDATION IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX WHICH IS AN INFORMATIONAL RETURN ONLY. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. HOWEVER, AS OF THE DATE THE FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED, THERE WERE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 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, 2024 AND 2023, 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: COST OF GOODS SOLD 16,538. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 16,538. X X X 1 ALLEGIANCE FUNDRAISING LLC PO BOX 9132 FARGO ND 581069132 DIRECT MAIL 0 156860 91831 65029 PENNINGTON & COMPANY 501 GATEWAY DRIVE LAWRENCE KS 66049 FUNDRAISING SERVICES 0 0 137637 -137637 156860 229468 -72608 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC 1 BETA THETA PI FRATERNITY 5134 BONHAM ROAD OXFORD OH 45056 310531047 501(C)(7) 1626927 0 LEADERSHIP DEVELOPMENT BETA NU OF BETA THETA PI BUILDING COMPANY 2630 UNIVERSITY CT CINCINNATI OH 45219 316041548 501(C)(2) 1043633 0 DESIGNATED EDUCATIONAL AREA GRANT THETA DELTA OF BETA THETA PI ALUMNI ASSOCIATION 2576 HENTHORN ROAD UPPER ARLINGTON OH 43221 311654449 501(C)(7) 400000 0 DESIGNATED EDUCATIONAL AREA GRANT FOREVER ALPHA COMPANY 200 E HIGH ST OXFORD OH 45056 310215990 501(C)(7) 378056 0 DESIGNATED EDUCATIONAL AREA GRANT BETA UPSILON ASSOCIATION 119 BAY STATE RD BOSTON MA 02215 042097702 501(C)(7) 219917 0 SCHOLARSHIPS BETA THETA PI HOLDING COMPANY 500 SUNSET AVENUE MANHATTAN KS 66502 486115970 501(C)(7) 74944 0 DESIGNATED EDUCATIONAL AREA GRANT BETA MU HOUSE CORPORATION 150 LITTLETON ST WEST LADAYETTE IN 47906 356044125 501(C)(7) 68902 0 DESIGNATED EDUCATIONAL AREA GRANT FOUNDATION FOR FRATERNAL EXCELLENCE 11722 ALLISONVILLE RD BX 353 NO 1 FISHERS IN 46038 351873572 501(C)(3) 60000 0 RESEARCH GAMMA DELTA BUILDING ASSOCIATION 6115 S DEARBORN ROAD SPOKANE WA 99223 916053971 501(C)(7) 48378 0 DESIGNATED EDUCATIONAL AREA GRANT BETA KAPPA HOUSE COMPANY 23 S CONGRESS ST ATHENS OH 45701 800917214 501(C)(7) 38684 0 DESIGNATED EDUCATIONAL AREA GRANT BETA THETA PI CORPORATION OF OKLAHOMA 800 CHAUTAUQUA AVENUE NORMAN OK 73069 736103379 501(C)(7) 35000 0 DESIGNATED EDUCATIONAL AREA GRANT BETA THETA PI BUILDING CORPORATION 6506 SOUTH LEWIS AVE SUITE 175 TULSA OK 74136 736112916 501(C)(7) 25847 0 DESIGNATED EDUCATIONAL AREA GRANT CRUCIBLE BUILDING ASSOCIATION 5644 DENTON CIRCLE PEACHTREE CORNERS GA 30092 841162529 501(C)(7) 18687 0 DESIGNATED EDUCATIONAL AREA GRANT GAMMA ETA ASSOCIATION 5644 DENTON CIRCLE PEACHTREE CORNERS GA 30092 582067861 501(C)(7) 8340 0 DESIGNATED EDUCATIONAL AREA GRANT 0 14 SCHOLARSHIPS 112 150725 MEN OF PRINCIPLE 97 107292 PART I, LINE 2: THE BETA THETA PI FOUNDATION BOARD OF DIRECTORS APPROVES ANNUAL WRITTEN GRANT REQUESTS TO SUPPORT WORTHY EDUCATIONAL PROGRAMS THAT DEMONSTRATE ADVANCEMENT OF EDUCATIONAL GOALS THROUGH IDENTIFIED OUTCOMES AND METRICS. 0 0 0 0 1 0 0 0 0 JEFF RUNDLE CHIEF EXECUTIVE OFFICER 0 234141 0 0 0 0 0 17700 0 44042 0 295883 0 0 PHIL FERNANDEZ CHIEF FOUNDATION OFFICER 0 136968 0 5500 0 0 0 14857 0 45719 0 203044 0 0 URI ORMSBY END 1223 CHIEF FINANCIAL OFFICER 0 103769 0 0 0 0 0 10823 0 44461 0 159053 0 0 PART I, LINE 3 COMPENSATION IS PAID BY A RELATED ORGANIZATION, BETA THETA PI FRATERNITY. THE BOARD OF TRUSTEES OF THE BETA THETA PI FRATERNITY, THROUGH THE GENERAL SECRETARY, CONDUCTED AN ANNUAL PERFORMANCE AND COMPENSATION REVIEW FOR THE CEO BASED UPON THE TERMS OF THE CEO'S EMPLOYMENT CONTRACT. THE TRUSTEES REVIEWING THE EXECUTIVE COMPENSATION WERE NOT RELATED TO ANY OTHER TRUSTEE OR EXECUTIVE BY FAMILY OF BUSINESS CONNECTION. BOARD LEADERSHIP ANNUALLY REVIEWS OTHER PEER ORGANIZATIONS 990'S TO DETERMINE COMPENSATION FOR THE CEO. PART I, LINE 5 THE PERCENTAGE OF THE CEO'S BONUS IS DETERMINED BASED UPON HIS ANNUAL PERFORMANCE AGAINST STATED STRATEGIC, OPERATIONAL AND FINANCIAL GOALS ACROSS THE ASSOCIATED ENTITIES. PROGRESS AGAINST THOSE GOALS IS ASSESSED DURING HIS ANNUAL REVIEW WITH THE FRATERNITY TRUSTEES. X 4 569612 FMV 0 1 1 PART I, LINE 32B: DONATIONS OF PUBLICLY TRADED STOCK ARE PROCESSED BY THE ORGANIZATION'S INVESTMENT ADVISOR. SECURITIES OUTSIDE OF THE ORGANIZATION'S PORTFOLIO ARE SOLD AND PROCEEDS ARE INVESTED ACCORDING TO THE INVESTMENT POLICY. 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 CEO 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 BETA THETA PI FRATERNITY EXECUTED AN EMPLOYMENT AGREEMENT WITH THE CEO IN 2021 AND IT IS REVIEWED ANNUALLY. THE TRUSTEES EVALUATE COMPENSATION AND BONUS ANNUALLY AGAINST INDUSTRY AND PEER BENCHMARKS TO ENSURE THAT COMPENSATION IS REASONABLE AND COMPARABLE WITHIN THE INDUSTRY. THE BOARD MEMBERS REVIEWING THE CEO COMPENSATION WERE NOT RELATED TO THE CEO 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. FORM 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 219 CHURCH STREET 5134 BONHAM RD OXFORD OH 45056 833460457 TITLE HOLDING COMPANY OH 501(C)(2) BETA THETA PI GENERAL FRATERNITY HOUSE CORPORATION 1 930 LEM MORRISON DRIVE AUBURN 5134 BONHAM RD OXFORD OH 45056 863173707 TITLE HOLDING COMPANY OH 501(C)(2) BETA THETA PI GENERAL FRATERNITY HOUSE CORPORATION 1 BAIRD FUND CORPORATION 5134 BONHAM RD OXFORD OH 45056 883732510 TITLE HOLDING COMPANY OH 501(C)(2) BETA THETA PI FRATERNITY 1 BETA THETA PI FRATERNITY 5134 BONHAM RD OXFORD OH 45056 310531047 PROMOTE AND DEVELOP INTELLECT AND CULTURE OH 501(C)(7) N/A 0 BETA THETA PI GENERAL FRATERNITY HOUSE CORPORATION 5134 BONHAM RD OXFORD OH 45056 823026729 FRATERNITY HOUSING CORPORATION OH 501(C)(7) BETA THETA PI FRATERNITY 1 STAFF PROPERTIES OXFORD 5134 BONHAM RD OXFORD OH 45056 833408534 TITLE HOLDING COMPANY OH 501(C)(2) BETA THETA PI GENERAL FRATERNITY HOUSE CORPORATION 1 0 1 0 1 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 BETA THETA PI FRATERNITY B 1626927 COST BETA THETA PI FRATERNITY J 269298 COST BETA THETA PI FRATERNITY O 1429929 COST