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Beta Theta Pi Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 800296934 ✦ Oxford, OH ✦ Designated as a 501(c)(3)

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Overview

What is Beta Theta Pi Foundation?

The Beta Theta Pi Foundation is a charitable organization based in Oxford, Ohio, with a specific mission to promote educational growth. They accomplish this by granting funds to organizations that align with their objectives, as well as offering financial aid in the form of scholarships to individuals pursuing higher education in North America. The foundation's primary goal, as stated in their mission, is to uphold and expand the charitable, scientific, literary, and educational aims of Beta Theta Pi.


Official website here: www.betathetapi.org/foundation.html

What are the reviews and ratings of this charity?

Charity Navigator Rating 88% - Three-Star out of Four Star Rating

The Beta Theta Pi Foundation has received a commendable Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. With an impressive Accountability & Finance Score of 97, the foundation demonstrates effective management of its financial resources, underscored by a program expense ratio of 84.84%, indicating a strong commitment to its mission-driven activities.

The organization benefits from a fully independent board, consisting of 16 members, which enhances its governance and oversight capabilities. Financial practices are highly rated, with no material diversion of assets noted, and it excels in transparency with perfect scores for several tax form disclosures, including conflict of interest and whistleblower policies. These strengths contribute to a positive overall evaluation of the foundation's operations.

Despite these strengths, the impact evaluation score of 80 out of 100 suggests that there may be room for improvement in measuring and demonstrating the effectiveness of its programs. Overall, the foundation's robust financial health and governance practices make it a reliable choice for potential donors looking to support its initiatives.


This AI summary has been generated from information found on Charity Navigator.

Is Beta Theta Pi Foundation legitimate?

Beta Theta Pi Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beta Theta Pi Foundation 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: $224,321
Professional Fundraising Fees: $87,453
Other Salaries and Wages: $732,369

For more financial information, click here


Official website here: www.betathetapi.org/foundation.html

What is the mission statement of Beta Theta Pi Foundation?

The Beta Theta Pi Foundation's primary objective is to promote charitable, scientific, literary, and educational pursuits, aligning with the principles of Beta Theta Pi. The organization fulfills this mission by offering educational grants to organizations that share its vision and providing tuition scholarships to students in North American institutions of higher education.


Official website here: www.betathetapi.org/foundation.html

Who is the CEO of Beta Theta Pi Foundation?

Jeff Rundle is the Chairman of Beta Theta Pi Foundation.


Official website here: www.betathetapi.org/foundation.html

What is the revenue of Beta Theta Pi Foundation?

Beta Theta Pi Foundation's revenue in 2022 was $6,703,723.


Official website here: www.betathetapi.org/foundation.html

Who are the executives of Beta Theta Pi Foundation and what are their salaries?

There 35 volunteers at Beta Theta Pi Foundation.


Here are 19 key members and their salaries:


Feinstein Micheal G (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Groves Randall D (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bhatt Stavan R (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bickford Michael A (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carmichael Arthur C Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chiao Karl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrow Peter N (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Flanagan Jeffrey M (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grotjan Scott E (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Haines Zachary T (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mire Kent R (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Olver Thomas C (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pierce Frederick W Iv (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Purinton P Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reeves Thomas R (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sabol Richard A (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rundle Jeff (Executive Director)
  • Compensation: $0
  • Related: $257,519
  • Other: $36,004
Ormsby Uri (Chief Financial Officer)
  • Compensation: $0
  • Related: $96,607
  • Other: $26,706
Fernandez Phil (Chief Foundation Officer)
  • Compensation: $0
  • Related: $126,437
  • Other: $34,181


Official website here: www.betathetapi.org/foundation.html

Where can I find the form 990 for Beta Theta Pi Foundation?

Beta Theta Pi Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.betathetapi.org/foundation.html

Learn more at the official website: www.betathetapi.org/foundation.html

Mission Statement of Beta Theta Pi Foundation

The Beta Theta Pi Foundation, as stated in its purpose, is dedicated to promoting charitable, scientific, literary, and educational objectives aligned with Beta Theta Pi. This organization fulfills its mission by offering educational grants to organizations that share its values and goals. Furthermore, the foundation provides tuition scholarships to individuals pursuing higher education in North America. By supporting these ventures, the Beta Theta Pi Foundation contributes to the broader community, fostering growth and learning in various domains.

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Impact




July, 2024

Beta Theta Pi Foundation's impact is significant in fostering charitable, scientific, literary, and educational purposes through educational grants to organizations that further its mission. Additionally, the foundation provides tuition scholarships to individuals attending institutions of higher education in North America. Its commitment to supporting education is reflected in its mission to promote learning and academic achievement.




This information is meant to be a general summary of Beta Theta Pi Foundation. 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.

Revenue
$6,703,723 (2022)
Expenses
$4,934,892 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,451,778
  • Gross Receipts: $6,706,522

Assets and Liabilities:

  • Total Assets: $33,085,697
  • Total Liabilities: $841,725
  • Net Assets: $32,243,972

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Organization Details

Founding Year

2010

Principal Officer

Jeff Rundle

Main Address

5134 BONHAM ROAD, OXFORD, OH, 45056

NTEE Category

Code: B82 - Education

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