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        <ExplanationTxt>FRATERNITY AT THE UNIVERSITY OF ILLINOIS.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ASSOCIATION FILED ITS AMENDED AND RESTATED ARTICLES OF INCORPORATION AND BYLAWS WITH THE STATE OF ILLINOIS ON FEBRUARY 27, 2025. THE ASSOCIATION RESTATED IT IS ORGANIZED AND OPERATED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME FROM SUCH PROPERTY AND TURNING OVER THE ENTIRE AMOUNT OF SUCH INCOME, LESS EXPENSES, OVER TO ITS MEMBER...AN ORGANIZATION WHICH IS EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO IRS SECTION 501(A)". THE ASSOCIATION'S AMENDED AND RESTATED BYLAWS INCLUDED CHANGING THE SOLE MEMBER OF THE BETA THETA PI BUILDING ASSOCIATION TO BE SIGMA RHO ALUMNI ASSOCIATION, A TAX EXEMPT ENTITY UNDER INTERNAL REVENUE CODE SECTION 501(C)(7).</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SOLE MEMBER OF THE CORPORATION SHALL BE SIGMA RHO ALUMNI ASSOCIATION, A NON PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(7).</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990 PAGE 6 SECTION A LINE 12B</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD MEMBERS KHAN, FITZPATRICK AND MEIER ARE INVESTORS IN AN ENTITY RELATED TO BETA LEGACY LLC, FROM WHOM BETA THETA PI BUILDING ASSOCIATION RENTS THEIR LODGE; THEY ABSTAINED FROM VOTING WHEN THE BOARD APPROVED THE LEASE IN ORDER TO PREVENT ANY POTENTIAL CONFLICT OF INTEREST.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. IF A CONFLICT OCCURS, THE INDIVIDUALS DISCLOSE THE CONFLICT.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S GOVERNING DOCUMENTS. CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990 SCHEDULE D PART VIII LINE (1)</FormAndLineReferenceDesc>
        <ExplanationTxt>BETA 202 DANIEL FUND LLC WAS FORMED FOR THE PRIMARY PURPOSE OF OPERATING AS A "QUALIFIED OPPORTUNITY FUND" (AS DEFINED IN SECTION 1400Z-2 OF THE CODE) AND INVESTING IN "QUALIFIED OPPORTUNITY ZONE PROPERTY" WITHIN THE MEANING OF SECTION 1400Z-2(D)(2) OF THE CODE. BETA THETA PI BUILDING ASSOCIATION PURCHASED 34,622.7406 UNITS OF BETA 202 DANIEL FUND LLC ON FEBRUARY 20, 2020.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990 PAGE 1 LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>DUE TO E-FILE RESTRICTIONS, INCOME REPORTED ON THE SCHEDULE K-1 FOR BETA 202 DANIEL FUND LLC WERE REPORTED AS MISCELLANEOUS INCOME ON PAGE 9 STATEMENT OF REVENUE LINE 11.</ExplanationTxt>
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        <PrimaryActivitiesTxt>TITLE HOLDING COMPANY</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>IL</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(7)</ExemptCodeSectionTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>0</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>0</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>0</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>0</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>0</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>0</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>0</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>0</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>0</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>0</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>0</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>0</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>1</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>SIGMA RHO ALUMNI ASSOCIATION</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>R</TransactionTypeTxt>
        <InvolvedAmt>7100</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>AMOUNT TRANSFERRED</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>