Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 3,799 | 8,126 | 15,534 | 17,334 | 44,793 | |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 283 | 2,761 | 572 | 1,876 | 5,492 | |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | 0 | 0 | 0 | 0 | 0 | |
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | 0 | 0 | 0 | 0 | 0 | |
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | 0 | 0 | 0 | 0 | 0 | |
| 6 | Total. Add lines 1 through 5 | 0 | 4,082 | 10,887 | 16,106 | 19,210 | 50,285 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 2,256 | 2,373 | 5,374 | 4,027 | 14,030 | |
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 0 | 0 | 0 | 0 | 0 | |
| c | Add lines 7a and 7b.. | 0 | 2,256 | 2,373 | 5,374 | 4,027 | 14,030 |
| 8 | Public support. (Subtract line 7c from line 6.) | 36,255 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 0 | 4,082 | 10,887 | 16,106 | 19,210 | 50,285 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 0 | 0 | 0 | 0 | 0 | |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | 0 | 0 | 0 | 0 | 0 | |
| c | Add lines 10a and 10b. | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | 0 | 0 | 0 | 0 | 0 | |
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | 0 | 0 | 0 | 0 | 0 | |
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 0 | 4,082 | 10,887 | 16,106 | 19,210 | 50,285 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017....... | ||||
| b From 2018....... | ||||
| c From 2019....... | ||||
| d From 2020....... | ||||
| e From 2021....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2022 distributable amount | ||||
|
i
Carryover from 2017 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2023. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2018..... | ||||
| b Excess from 2019..... | ||||
| c Excess from 2020..... | ||||
| d Excess from 2021..... | ||||
| e Excess from 2022..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | 22015720 |
| Software Version: | v1.00 |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 6 | Beta Gamma Chi Fraternity maintains a diverse membership structure that encompasses active, inactive, and alumni members. This multi-tiered approach to membership is designed to reflect the different stages of engagement and affiliation that individuals may have with our organization: Active Members: These are individuals who actively participate in the fraternity's activities and programs. Active members play an integral role in the day-to-day operations and leadership of the fraternity. Inactive Members: Inactive members are individuals who were previously active members but have temporarily disengaged from the fraternity, often due to academic or personal reasons. They maintain their status as fraternity members but are not actively involved at the moment. Alumni Members: Alumni members are individuals who have graduated from their educational institutions or have reached their inactive status limit but maintain their lifelong affiliation with Beta Gamma Chi Fraternity. They often provide mentorship, support, and resources to current active members and play a vital role in the fraternity's long-term sustainability and growth. This membership structure allows Beta Gamma Chi Fraternity to foster a sense of continuity and community among its members. It ensures that individuals can remain connected to the fraternity throughout various stages of their lives, from their undergraduate years through their professional careers. By accommodating active, inactive, and alumni members, we promote lifelong engagement and leadership within our organization." |
| Form 990, Part VI, Section A, Line 7a | At Beta Gamma Chi, we have established a governance structure that emphasizes active member involvement and engagement in the selection of individuals to serve on our governing body. Our process is designed to ensure that our governing body members are closely connected to the interests and values of our membership. Here's how it works: To be eligible to appoint members to the governing body, an individual must have been an active member for a minimum of two consecutive years. This requirement ensures that appointees have a substantial and sustained connection to the organization. When a vacancy arises on our governing body, whether due to term limits, resignation, or other reasons, active members are notified of the vacancy. Active members who meet the eligibility criteria are invited to serve on a nomination committee to nominate candidates to fill the vacant position. After the nomination period, the active members participate in a selection process, which may include voting or other methods of decision-making. The candidate who receives the most support from the active members is appointed to the governing body to fill the vacancy. This process ensures that those who serve on our governing body are chosen by their peers who have a deep understanding of our organization's mission, values, and needs. By engaging our active members in the selection of governing body members, we aim to promote transparency, accountability, and representation |
| Form 990, Part VI, Section B, Line 11b | Beta Gamma Chi employs a structured process for Form 990 review, including data compilation, form preparation, accuracy checks, internal and board reviews, timely submission, and periodic assessments to ensure compliance and transparency. |
| Form 990, Part VI, Section B, Line 12c | Beta Gamma Chi ensures compliance with IRS requirements through a comprehensive annual review process conducted by our governance committee. This process includes an examination of our financial records, activities, and governance practices to verify adherence to tax-exempt regulations, as well as a review of our Form 990 filings for accuracy and completeness. |
| Form 990, Part VI, Section C, Line 19 | In accordance with our commitment to transparency and compliance with regulatory requirements, Beta Gamma Chi made its governing documents and financial statements readily accessible to both our members and the public during the tax year 2022. Throughout the tax year, Beta Gamma Chi ensured that our governing documents, including our bylaws and other relevant organizational policies, were made available to our active members. These documents serve as a foundational reference for our members, providing insights into our organizational structure, decision-making processes, and governance practices. Our financial statements, including annual reports and related financial disclosures, were also shared with our members to keep them informed about our financial performance and stewardship of resources. In addition to providing access to our members, Beta Gamma Chi extended our commitment to transparency by making our governing documents and financial statements available to the public upon request. Members of the public who sought information about our organization's governance, mission, and financial integrity were able to obtain these documents by contacting our designated point of contact or administrative office. This open-access policy aligns with our values as a tax-exempt organization and underscores our dedication to fulfilling our mission in a responsible and accountable manner. |
| Form 990, Part IX, Line 11g | Beta Gamma Chi recognizes the value of expert facilitation to enhance the effectiveness of our programs and fulfill our mission. For each of our programs, we have entered into contracts with experienced facilitators, guest speakers, and hosts who play a pivotal role in delivering high-quality educational experiences and ensuring the success of our initiatives. These contracted facilitators bring a wealth of knowledge and experience in their respective fields and assist us in achieving our organizational goals. The engagement of these facilitators is integral to our commitment to delivering programs that meet the evolving needs of our membership and align with our mission. Their expertise and guidance enhance the impact and effectiveness of our programs, ultimately benefiting both our members and the broader community we serve. |
| Software ID: | 22015720 |
| Software Version: | v1.00 |