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Nonprofit · EIN 41-0150350

BETA THETA PI FRATERNITY

Also known as 177 BETA PI CHAPTER

Tax-exempt · MINNEAPOLIS, MN 55414

Financials

$306K$294K2023$395K$368K2024
Revenue Expenses · by fiscal year end
Financials of BETA THETA PI FRATERNITY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$395,382$367,660$27,722$96,905$14,127$82,778
June 30, 2024990$305,638$293,919$11,719$71,756$16,700$55,056
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$390,985
Investment income
$786
Net income from fundraising events
$3,611
Other revenue
$3,611

Expenses

Grants and similar amounts paid
$4,009
Salaries, compensation and benefits (total)
$213
Professional fundraising fees
$0
Accounting fees
$5,919
Occupancy
$185,100
Depreciation
$300
Program services (functional)
$367,660

Balance sheet and other

Total assets, start of year
$71,756
Total assets, end of year
$96,905
Total liabilities, end of year
$14,127
Net assets, end of year
$82,778
Land, buildings and equipment
$1,650
Gross unrelated business income
$5,963
Gross receipts
$395,556
Employees
1
Volunteers
9
Year formed
1889
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JACOB LOVEALLPRESIDENT
Officer
12$0
BOONE ALLENVICE-PRES BROTHERHOOD
Officer
2$0
KYLE NILSONVICE-PRES COMMUNICATIONS
Officer
2$0
KENDALL RODINVICE-PRES PROGRMMING
Officer
3$0
CALEB MAASVICE-PRES FINANCE
Officer
3$0
GABRIEL ANDERSONVICE-PRES NEW MBR ED
Officer
5$0
NICHOLAS JOHNSONVICE-PRES RISK MGMT
Officer
2$0
ASHTON DEMMERVICE-PRES RECRUITMENT
Officer
1$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
MIKIL FOSSPRESIDENT
Officer
12$0
SAMUEL GARBERVICE-PRES BROTHERHOOD
Officer
5$0
ARNAV JAINVICE-PRES COMMUNICATIONS
Officer
4$0
CONNOR GRAFVICE-PRES PROGRMMING
Officer
3$0
JACOB POLZINVICE-PRES FINANCE
Officer
4$0
TYLER DREWVICE-PRES NEW MBR ED
Officer
5$0
NICHOLAS JOHNSONVICE-PRES RISK MGMT
Officer
2$0
JACOB LOVEALLVICE-PRES RECRUITMENT
Officer
10$0

Address and contacts

Address (IRS master file)
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414-3074
Principal officer (990 for 2024)
JACOB LOVEALL, 1625 UNIVERSITY AVE SE, MINNEAPOLIS, MN 55414
Signed the 990
CALEB MAAS, VP FINANCE
Phone
(612) 624-5015
Return prepared by
Fraternity Purchasing Association

Mission

PROVIDING COLLEGIATE FRATERNITY HOUSING, ACTIVITIES AND ENVIRONMENT

990 for the year ended June 30, 2025

Program accomplishments

  • MEMBERSHIP CONSISTED OF UP TO 50 MALE UNDERGRADUATE STUDENTS ATTENDING THE UNIVERSITY OF MINNESOTA HOUSING IS MADE AVAILABLE TO UP TO 33 OF THESE MEMBERS DURING THE ACADEMIC SCHOOL YEAR FROM AUGUST 2024 TO JUNE 2025. A CATERING COMPANY IS CONTRACTED TO PROVIDE MEALS TO ALL MEMBERS OF THE FRATERNITY

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
41-0150350
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1951
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$96,905
Income (IRS master file)
$395,556

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$395,382$367,660$96,905XML
990June 2024$305,638$293,919$71,756XML
990June 2023$317,710$325,208$65,836IRS
990June 2022–––IRS
990June 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0150350).

Questions about BETA THETA PI FRATERNITY

What is the EIN of BETA THETA PI FRATERNITY?
The employer identification number (EIN) of BETA THETA PI FRATERNITY is 41-0150350.
Is BETA THETA PI FRATERNITY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1951.
Are donations to BETA THETA PI FRATERNITY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BETA THETA PI FRATERNITY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BETA THETA PI FRATERNITY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BETA THETA PI FRATERNITY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of BETA THETA PI FRATERNITY?
The 990 for the year ended June 30, 2025 names JACOB LOVEALL.
Who are the officers and directors of BETA THETA PI FRATERNITY?
The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does BETA THETA PI FRATERNITY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $395,382, expenses of $367,660 and total assets of $96,905 at year end.

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