THE BETA FOUNDATION A FRATERNITY HOUSE Charity Report

Public IRS 990 nonprofit record

THE BETA FOUNDATION A FRATERNITY HOUSE

EIN 04-2116079 · Student Sororities & Fraternities (B83)

What they do

OPERATION of FRATERNITY HOUSE to PROVIDE HOUSING and MEALS for MASSACHUSETTS INSTITUTE of TECHNOLOGY STUDENTS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

69.44%of revenue went to mission work94.0% of expenses · Program services

0.64%of revenue went to fundraising0.9% of expenses

$122.66spent for every $100 of revenueSpending was higher than revenue this year.

3.75%of revenue went to management and office costs5.1% of expenses

$1.99in assets for every $1 spent this yearSome assets cannot be spent right away.

14.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $131,658 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$751,896

Mission workProgram services$522,10869.44% of revenue94.0% of expenses

ManagementOffice and general costs$28,2163.75% of revenue5.1% of expenses

FundraisingAsking for donations$4,8470.64% of revenue0.9% of expenses

Revenue left after expensesReported annual surplus$196,72526.16% of revenueShown in gray on the chart

Total expenses$555,17173.84% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2022CurrentExpense mix: 94.0% mission · 5.1% management · 0.9% fundraisingTotal expenses: 73.84% of revenue

2021Expense mix: 92.9% mission · 6.8% management · 0.3% fundraisingTotal expenses: 80.98% of revenue

Money in and money out

Revenue$580,895

Expenses$712,553

Annual shortfall $131,658 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$522,108 · 73.3% of expenses

Management and office costs$28,216 · 4.0% of expenses

Fundraising$4,847 · 0.7% of expenses

See all reported dollar amounts

Revenue$580,895

Expenses$712,553

Assets$1,415,923

Contributions$82,716

Mission work (program services)$522,108

Fundraising$4,847

Stocks and bonds$82,421

Accounting fees$3,013

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (25)

MARK LAMBERTDIRECTOR

YOUSETT MARZOUKDIRECTOR

WILLIAM W IRVINGMEMBER AT LA

WILLIAM POPIKSECRETARY

VICTOR R TULLIPRESIDENT

TODD S HARRISONDIRECTOR

THOMAS A HOLTEYTREASURER

THOMAS HOLTEYTREASURER

PRASHANT DILWALIDIRECTOR

PATRICK SULLIVANDIRECTOR

NIKOLAI BEGGDIRECTOR

NICHOLAS D LEVITTDIRECTOR

MATTHEW VAN DUINONDIRECTOR

ANDREW WHEELERDIRECTOR

KENT J SHARPDIRECTOR

JOSIAH D SEALEDIRECTOR

JOSE A RAMOSDIRECTOR

JOHN E DONOHUEDIRECTOR

JASON P SALTERDIRECTOR

HAN SHUDIRECTOR

GEORGE SACERDOTEDIRECTOR

DAVID K NEUBERGERDIRECTOR

DAVID KEMPERDIRECTOR

DAMANI O WALTONDIRECTOR

ARIEL WARSZAWSKIDIRECTOR

About this charity

Recognized since: May 1972
Location: 10 CREHORE DRIVE, NEWTON LOWER FALLS, MA 02462
County: Middlesex
In care of: THOMAS HOLTEY
Primary officer: THOMAS HOLTEY, TREASURER

How to reach them

Phone(617) 527-6809

Filing and classification

Latest tax year: 2023
Tax period began: September 1, 2023
Return type: 990
Tax preparer: JILL PEABODY CPA LLC
NTEE classification: Student Sororities & Fraternities (B83)
IRS tax category: Student Sororities & Fraternities