Overview
What is The Tau Beta Pi Association Inc?
The Tau Beta Pi Association Inc, based in Knoxville, Tennessee, serves as an academic honor society that distinguishes high-achieving students and alumni in various engineering disciplines. Recognizing their scholarly achievements and exemplary character, this nonprofit organization offers fellowships and scholarships. In 2021, they granted 30 graduate study fellowships worth $10,000, 254 engineering senior scholarships ranging from $1,000 to $3,000, and six scholarships of $1,000 for college freshmen pursuing engineering. Additionally, Tau Beta Pi provides leadership and professional development training, fostering a strong community of dedicated engineers. The organization also encourages lifelong alumni member involvement, aiming to cultivate a network of accomplished professionals in the field.
Official website here: www.tbp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Tau Beta Pi Association Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its exceptional accountability and financial health. The organization scored a perfect 100% in its Accountability & Finance category, indicating strong management practices and transparency in its operations.
Key strengths highlighted include a fully independent board and robust financial oversight with no reported material diversions of assets. The organization demonstrates effective fundraising practices, with a low fundraising efficiency ratio, suggesting that it raises funds effectively while maintaining a high program expense ratio of 78.38%, which ensures that a significant portion of its resources is directed toward its mission-related activities.
While the data showcases many organizational strengths, it also emphasizes the importance of maintaining these high standards. Continuous monitoring and commitment to financial integrity will be essential for the Tau Beta Pi Association Inc to sustain its positive reputation and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is The Tau Beta Pi Association Inc legitimate?
The Tau Beta Pi Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tau Beta Pi Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $152,015
Professional Fundraising Fees: $19,050
Other Salaries and Wages: $823,567
For more financial information, click here
Official website here: www.tbp.org
What is the mission statement of The Tau Beta Pi Association Inc?
The Tau Beta Pi Association Inc, as the sole academic honor society, honors individuals with exceptional scholarship and character in various engineering disciplines, both as students and alumni. It provides leadership and professional development opportunities for its members, fostering a community of high achievers. This organization encourages lifelong involvement among its alumni members, promoting a culture of dedication and excellence in the engineering field. Tau Beta Pi also offers training to help engineering students and alumni members develop their skills and talents, ultimately cultivating a network of accomplished professionals.
Official website here: www.tbp.org
What is the revenue of The Tau Beta Pi Association Inc?
The Tau Beta Pi Association Inc's revenue in 2023 was $4,553,297.
Official website here: www.tbp.org
Who are the executives of The Tau Beta Pi Association Inc and what are their salaries?
The average compensation at The Tau Beta Pi Association Inc during 2023 was $40,649. There are 24 employees and 150 volunteers at The Tau Beta Pi Association Inc.
Here are 13 key members and their salaries:
- Compensation: $111,650
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Official website here: www.tbp.org
Where can I find the form 990 for The Tau Beta Pi Association Inc?
The Tau Beta Pi Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tbp.org
Learn more at the official website: www.tbp.org
Mission Statement of The Tau Beta Pi Association Inc
Tau Beta Pi Association Inc, recognized as the sole academic honor society for engineering disciplines, bestows recognition upon individuals who have demonstrated exceptional academic achievement and character as students in engineering, or have made significant strides in the field as alumni. The organization's primary mission is threefold: firstly, it provides leadership and professional development training for its engineering student and alumni members. Secondly, Tau Beta Pi aims to foster a long-term involvement of its alumni members, fostering a sense of community among dedicated high achievers in the engineering field. Lastly, the association promotes and encourages lifelong engagement among its members, cultivating a network of accomplished engineers.
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Impact
July, 2024
The Tau Beta Pi Association Inc's impact is significant in the field of engineering education and professional development. This academic honor society recognizes and honors individuals who have demonstrated distinguished scholarship and exemplary character in engineering. By conferring recognition and providing leadership training, Tau Beta Pi not only celebrates academic achievement but also cultivates a community of high achievers dedicated to excellence in the field of engineering. Through its fellowship and scholarship programs, the association also supports and encourages engineering students to pursue further education and excel in their academic endeavors. Overall, Tau Beta Pi plays a crucial role in promoting academic excellence and professional growth among engineering students and alumni members.
This information is meant to be a general summary of The Tau Beta Pi Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,916,120
- Program Service Revenue: $582,521
- Gross Receipts: $4,789,123
Assets and Liabilities:
- Total Assets: $37,917,187
- Total Liabilities: $2,704,703
- Net Assets: $35,212,484
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employment advertisements
Revenue
$5,100
Split interest agreement
Revenue
$11,741
Annual Convention
Revenue
$285,022
Member publications
Revenue
$129,477
Organization Details
Founding Year
1885
Principal Officer
Curtis D Gomulinski
Website
www.tbp.orgNTEE Category
Code: B830 - Education
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