Beta Theta Pi Fraternity
Beta Theta Pi Fraternity operates near break-even with no officer compensation and minimal assets.
EIN: 10028980 · Orono, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $155K |
| Total Expenses | $157K |
| Program Spending | 90% |
| Net Assets | $2K |
| Transparency Score | 85/100 |
Is Beta Theta Pi Fraternity Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Beta Theta Pi Fraternity directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Beta Theta Pi Fraternity
Beta Theta Pi Fraternity (EIN: 10028980) is a nonprofit organization based in Orono, ME. The organization reported total revenue of $155K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beta Theta Pi Fraternity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beta Theta Pi Fraternity is a small nonprofit that has been operating for 59 years, with 9 years of IRS 990 filings on record (2013–2021). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $155K |
| Total Expenses | $157K |
| Surplus / Deficit | $-2,000 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -1.3% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2021, Beta Theta Pi Fraternity reported a deficit of $2K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2013–2021), Beta Theta Pi Fraternity's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +5.5% | +9.6% | -78.3% |
| 2020 | -25.9% | -27.7% | +67.7% |
| 2019 | -4.3% | -4.7% | +5.5% |
| 2018 | +6.7% | -0.5% | -26.6% |
| 2017 | -18.4% | -13.5% | -67.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Beta Theta Pi Fraternity with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Beta Theta Pi Fraternity allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all nine filing periods, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Beta Theta Pi Fraternity's IRS 990 filings:
- Declining revenue trend over the past several years (from $274,420 in 201506 to $155,266 in 202106)
- Minimal assets ($2,000 in 202106) could limit capacity for future investments or unexpected expenses
Strengths
The following positive indicators were identified for Beta Theta Pi Fraternity:
- Consistent reporting of $0 liabilities across all filings, indicating no debt burden
- Zero officer compensation reported, demonstrating highly efficient leadership costs
- Consistent IRS 990 filing history, indicating good compliance and transparency
- Expenses generally align closely with revenues, suggesting responsible financial management
Frequently Asked Questions about Beta Theta Pi Fraternity
Is Beta Theta Pi Fraternity a legitimate charity?
Based on AI analysis of IRS 990 filings, Beta Theta Pi Fraternity (EIN: 10028980) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Beta Theta Pi Fraternity spend its money?
Beta Theta Pi Fraternity directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Beta Theta Pi Fraternity tax-deductible?
Beta Theta Pi Fraternity is registered as a tax-exempt nonprofit (EIN: 10028980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Beta Theta Pi Fraternity located?
Beta Theta Pi Fraternity is headquartered in Orono, Maine and files with the IRS under EIN 10028980.
How many years of IRS 990 filings does Beta Theta Pi Fraternity have?
Beta Theta Pi Fraternity has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $155K in total revenue.
Is Beta Theta Pi Fraternity financially stable?
Yes, the organization appears financially stable. While assets are low ($2,000 in 202106), it consistently reports $0 in liabilities, indicating no debt burden. Revenues and expenses are generally balanced, with minor fluctuations year-to-year.
How does Beta Theta Pi Fraternity manage its leadership costs?
The organization manages leadership costs very efficiently, reporting 0% officer compensation across all nine filings. This suggests a volunteer-led structure, significantly reducing administrative overhead.
What is the trend in Beta Theta Pi Fraternity's revenue?
Beta Theta Pi Fraternity's revenue has fluctuated over the years, peaking at $274,420 in 201506 and declining to $155,266 in 202106. Despite the decline, it remains substantial relative to its operational scale.
Filing History
IRS 990 filing history for Beta Theta Pi Fraternity showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2013–2021), Beta Theta Pi Fraternity's revenue has declined by 29.3%, moving from $220K to $155K. Total assets decreased by 76.7% over the same period, from $9K to $2K. Total functional expenses fell by 29.5%, from $223K to $157K. In its most recent filing year (2021), Beta Theta Pi Fraternity reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $155K | $157K | $2K | $0 | — | — |
| 2020 | $147K | $143K | $9K | $0 | — | View 990 |
| 2019 | $199K | $198K | $6K | $0 | — | View 990 |
| 2018 | $208K | $208K | $5K | $0 | — | View 990 |
| 2017 | $195K | $209K | $7K | $0 | — | View 990 |
| 2016 | $239K | $242K | $22K | $131 | — | View 990 |
| 2015 | $274K | $252K | $25K | $0 | — | View 990 |
| 2014 | $256K | $262K | $3K | $0 | — | View 990 |
| 2013 | $220K | $223K | $9K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $155K, expenses of $157K, and assets of $2K (revenue +5.5% year-over-year).
- 2020: Revenue of $147K, expenses of $143K, and assets of $9K (revenue -25.9% year-over-year).
- 2019: Revenue of $199K, expenses of $198K, and assets of $6K (revenue -4.3% year-over-year).
- 2018: Revenue of $208K, expenses of $208K, and assets of $5K (revenue +6.7% year-over-year).
- 2017: Revenue of $195K, expenses of $209K, and assets of $7K (revenue -18.4% year-over-year).
- 2016: Revenue of $239K, expenses of $242K, and assets of $22K (revenue -13.0% year-over-year).
- 2015: Revenue of $274K, expenses of $252K, and assets of $25K (revenue +7.3% year-over-year).
- 2014: Revenue of $256K, expenses of $262K, and assets of $3K (revenue +16.5% year-over-year).
- 2013: Revenue of $220K, expenses of $223K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beta Theta Pi Fraternity:
Data Sources and Methodology
This transparency report for Beta Theta Pi Fraternity is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.