2020-03-11T19:51:11-05:00 2019-06-30 430765316 RUBINBROWN LLP ONE NORTH BRENTWOOD SAINT LOUIS MO 63105 990 2018-07-01 431322067 BETA GAMMA SIGMA INC BETA 3144325650 11814 BORMAN DRIVE SAINT LOUIS MO 63146 CHRIS CAROSELLA CEO 3144325650 2020-03-05 1 KIMBERLY A RYAN P00829977 3142903300 204.134.176.34 2020-03-05 11:38:23 MS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 DA2A61144641BC7479ACD83DF5BDC5B005B79A14 2018 2020-09-23 17:36:50Z CHRIS CAROSELLA 11814 BORMAN DRIVE SAINT LOUIS MO 63146 3686946 0 X WWW.BETAGAMMASIGMA.ORG X 1982 MO HONOR ACADEMIC ACHIEVEMENT, CULTIVATE PROFESSIONAL EXCELLENCE, AND SERVE MEMBERS. 23 22 21 1652 34297 0 2126860 2076638 347455 363644 82316 173856 70548 61850 2627179 2675988 109134 128624 0 0 1325287 1333573 107605 130991 364374 1610495 1400911 3152521 2994099 -525342 -318111 3822327 3726379 669220 945100 3153107 2781279 X THE MISSION OF THE INTERNATIONAL HONOR SOCIETY BETA GAMMA SIGMA IS TO ENCOURAGE AND HONOR ACADEMIC ACHIEVEMENT IN THE STUDY OF BUSINESS, TO CULTIVATE AND CELEBRATE LEADERSHIP AND PROFESSIONAL EXCELLENCE, TO ADVANCE THE VALUES OF THE SOCIETY, AND TO SERVE ITS LIFELONG MEMBERS. 0 0 813494 123262 GLOBAL LEADERSHIP FORUM: ONE INTENSIVE THREE-DAY GLOBAL LEADERSHIP SUMMIT DESIGNED TO SUPPORT BETA GAMMA SIGMA VALUES OF HONOR, INTEGRITY, THE PURSUIT OF WISDOM, AND EARNESTNESS. SPEAKERS FROM THE ACADEMIC, BUSINESS, AND NONPROFIT SECTORS GUIDED STUDENTS THROUGH A SERIES OF SESSIOINS, CULMINATING IN A BUSINESS CASE COMPETITION. MORE THAN 367 STUDENTS BENEFITED FROM 15 SPEAKERS, 10 MEMBERS OF THE BOARD OF GOVERNORS, AND 4 MENTORS, ALL TO FACILITATE AN EXPERIENCE OF LEARNING, GROWTH, AND PROFESSIONAL DEVELOPMENT. 798125 128624 206085 SCHOLARSHIP RECOGNITION AND SCHOLARSHIPS: SCHOLARSHIP RECOGNITION TO OUTSTANDING BUSINESS STUDENTS AND FACULTY TO ENCOURAGE AND IMPROVE ACADEMIC PERFORMANCE AMONG OVER 1,000,000 STUDENTS IN OVER 607 COLLEGES AND UNIVERSITIES. 24,826 STUDENTS AND FACULTY RECEIVED INTERNATIONAL AND LIFETIME RECOGNITION. 264989 61850 ALUMNI CHAPTER SUPPORT: THE BETA GAMMA SIGMA ALUMNI NETWORK CONNECTS BGS MEMBERS THROUGH EDUCATIONAL EVENTS, SERVICE TO THE LOCAL COMMUNITY, AND NETWORKING OPPORTUNITIES. OUR ALUMNI NETWORK HELPS INCREASE OUR PRESENCE WORLDWIDE WHILE PROVIDING LIFETIME VALUE TO OUR MEMBERS. THERE WERE 111 MEMBER EVENTS HELD GLOBALLY THROUGH OUR 30 ALUMNI CHAPTERS AND 12 INFORMAL ALUMNI NETWORKING GROUPS. OUR MASTER CLASS SERIES SUPPORTS BETA GAMMA SIGMA ALUMNI IN THEIR PERSONAL GROWTH AND PROFESSIONAL DEVELOPMENT. THROUGH THIS PROGRAM, OUR ALUMNI ARE PROVIDED WITH NUMEROUS NETWORKING OPPORTUNITIES WHILE ENHANCING THEIR ABILITY TO BECOME MORE AUTHENTIC AND CHARISMATIC LEADERS, INDUSTRY INFLUENCERS, ACTION TAKERS, AND WELL-ROUNDED INDIVIDUALS. MEMBERS WORLDWIDE ARE INVITED TO PARTICIPATE IN THE SERIES. 75161 0 THE BETA GAMMA SIGMA HONORS MAGAZINE IS MADE AVAILABLE TO ALL MEMBERS ON THE BGS WEBSITE. IN ADDITION 5,000 PRINT EDITIONS WERE MAILED. THE HONORS MAGAZINE PROVIDES INFORMATION ON MANAGEMENT EDUCATION AND PRACTICE AND IMPORTAND ISSUES FACING SOCIETY SUCH AS PRODUCTIVITY, BEST PRACTICES, GLOBAL COMPETITION, AND ETHICAL BUSINESS LEADERSHIP. 75161 0 1951769 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 21 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X CHRISTINA CAROSELLA 3144325650 11814 BORMAN DRIVE SAINT LOUIS MO 63146 MARIELLE G HEIJLTJES BOARD CHAIR 2.00 X X 0 0 0 CHARLES WHITEMAN IMMEDIATE PAST BOARD CHAIR 1.00 X X 0 0 0 BERNARD J MILANO SECRETARY/TREASURER 2.00 X X 0 0 0 ALFONZO D ALEXANDER DIRECTOR 1.00 X 0 0 0 DONALD R ANDREWS DIRECTOR 1.00 X 0 0 0 JACOB CHACKO DIRECTOR 1.00 X 0 0 0 GLORY ENYINNAYA DIRECTOR 1.00 X 0 0 0 JEFFRI L EPPS DIRECTOR 1.00 X 0 0 0 TUISHA FERNANDES STACK DIRECTOR 1.00 X 0 0 0 FAYE W GILBERT DIRECTOR 1.00 X 0 0 0 MARY A GOWAN DIRECTOR 1.00 X 0 0 0 LINDA HADLEY DIRECTOR 1.00 X 0 0 0 WES HAMILTON-JESSOP DIRECTOR 1.00 X 0 0 0 JEFFREY P KATZ DIRECTOR 1.00 X 0 0 0 JOHN NAVIN DIRECTOR 1.00 X 0 0 0 TOSHITSUGU OTAKE DIRECTOR 1.00 X 0 0 0 BARBARA A RITTER DIRECTOR 1.00 X 0 0 0 THOMAS ROBINSON DIRECTOR 1.00 X 0 0 0 LAWRENCE G SINGLETON DIRECTOR 1.00 X 0 0 0 JOYCE STRAWSER DIRECTOR 1.00 X 0 0 0 NEIL TERRY DIRECTOR 1.00 X 0 0 0 JODI WEISS DIRECTOR 1.00 X 0 0 0 CHRISTINA CAROSELLA CEO 37.50 X X 210841 0 25753 210841 0 25753 1 0 1 0 0 1805900 270738 3720 2076638 STUDENT FORUMS 611430 277216 277216 PARTNERSHIPS/AFFILIATIONS 611710 52131 52131 PUBLICATION REVENUE 541800 34297 34297 363644 81604 81604 880332 788080 92252 92252 92252 284728 222878 61850 61850 2675988 391197 34297 173856 128624 128624 241068 144641 24106 72321 896716 522921 301561 72234 33919 19672 12919 1328 85471 49985 26757 8729 76399 44801 22202 9396 3125 1833 908 384 24650 24650 130991 130991 23650 23650 5043 2947 1474 622 40684 40684 330095 287270 37179 5646 169169 85111 56882 27176 91614 53723 26624 11267 79102 21789 46464 10849 25065 24062 752 251 93255 54686 27100 11469 13915 8160 4044 1711 PROGRAMS AND EVENTS 501544 501544 2994099 1951769 677956 364374 14834 176496 162119 152466 56039 36371 49579 66192 394877 245287 241595 149590 3298161 3145264 3822327 3726379 132251 145703 81979 22650 237063 281144 182772 495603 35155 0 669220 945100 X 3111970 2743317 41137 37962 3153107 2781279 3822327 3726379 -318111 -53717 0 X X 0 1 X 1 0 X 1899875 1986639 2173719 2126860 2076638 10263731 445710 591092 565153 514729 614075 2730759 2345585 2577731 2738872 2641589 2690713 12994490 14625 5610 5750 9049 8914 43948 0 14625 5610 5750 9049 8914 43948 12950542 146887 118200 126435 81094 81604 554220 146887 118200 126435 81094 81604 554220 10261 10261 200 750 950 2502733 2695931 2865507 2723433 2772317 13559921 0.95510 0.95710 0.04090 0.03900 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 200. 2017 AMOUNT: $ 750. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 394877 245287 149590 149590 MUTUAL FUNDS 3145264 F 3145264 2826499 -53717 5000 222878 174161 2652338 23650 23650 2675988 3198327 5000 222878 227878 2970449 23650 23650 2994099 PART IV, LINE 2B: THE ORGANIZATION HELD FUNDS FOR VARIOUS CHAPTERS IN THE AMOUNT OF $281,144, WHICH IS INCLUDED IN AGENCY FUNDS ON THE STATEMENT OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 222,878. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 222,878. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 76872 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 51947 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 7691 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 21305 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 23033 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 4319 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 1522 0 0 0 0 0 0 186689 0 186689 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1869 76872 CHECK EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1263 51947 CHECK MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 187 7691 CHECK NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 518 21305 CHECK SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 560 23033 CHECK SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 105 4319 CHECK SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 37 1522 CHECK 0 0 0 0 0 0 PART I, LINE 2: ORGANIZATION MAINTAINS DATABASE LISTING ALL INDUCTEES, SCHOOL OF INDUCTION AND ADDRESS. PART I, LINE 3: TOTAL EXPENSES FROM SCHOLARSHIPS RECOGNITION WAS DIVIDED BY NUMBER OF STUDENTS INDUCTED TO GET AN AVERAGE COST. MEMBERSHIP REPORT BY COUNTRY WAS USED TO GET EXPENSES BY REGION. X X 1 RICHARD DILLON INNOVASION LLC 818 S BRENTWOOD BLVD 3C CLAYTON MO 63105 FUNDRAISING 0 171869 96000 94281 171869 96000 94281 X X X 0 0 0 0 0 0 0 0 0 CHRISTINA CAROSELLA CEO 210841 0 0 0 0 0 16062 0 9691 0 236594 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 BETA GAMMA SIGMA MEMBERS ARE ELECTED TO A LIFETIME MEMBERSHIP BY THE FACULTY OF THE BUSINESS PROGRAM WHERE THEY ARE EDUCATED. THE FACULTY MEMBERS OF BETA GAMMA SIGMA AT THE EDUCATION INSTITUTION AND THE CURRENT MEMBERS COMPRISE THE ACTIVE CHAPTER. ONCE NO LONGER A STUDENT, A MEMBER BECOMES AN ALUMNI MEMBER. BETA GAMMA SIGMA CURRENTLY HAS OVER 800,000 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A IT IS THE ACTIVE CHAPTER IDENTIFIED IN THE RESPONSE TO THE QUESTION ON PAGE 6 PART IV, LINE 6, WHICH IS ENTITLED TO NOMINATE AND VOTE ON THE POTENTIAL MEMBERS OF THE BOARD OF GOVERNORS. EACH OF THE OVER 500 COLLEGIATE CHAPTERS IS ENTITLED TO ONE VOTE. ADDITIONALLY, BETA GAMMA SIGMA HAS ESTABLISHED OVER 20 ALUMNI CHAPTERS IN MAJOR METROPOLITAN AREAS. MEMBERSHIP IN AN ALUMNI CHAPTER IS OPEN TO MEMBERS RESIDING IN THAT GEOGRAPHICAL AREA. EACH ALUMNI CHAPTER IS ALSO ENTITLED TO VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF GOVERNORS IS SUBJECT TO THE BOARD POLICY MANUAL AND THE BY-LAWS AND ARTICLES OF INCORPORATION. WHILE THE BOARD IS EMPOWERED TO MAKE CHANGES TO THE BOARD POLICY MANUAL, THE BY-LAWS MAY ONLY BE CHANGED BY THE VOTE OF THE CHAPTERS OF BETA GAMMA SIGMA. THE ACTIONS OF THE BOARD ARE REPORTED TO THE CHAPTERS DURING THE BIENNIAL MEETING OF CHAPTERS ON A FORMAL BASIS AND INFORMALLY DURING THE ANNUAL MEETING AT WHICH THE CHAPTER REPRESENTATIVES GATHER. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETE DRAFT IS SENT TO THE BOARD OF GOVERNORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES OFFICERS AND EMPLOYEES TO DISCLOSE ALL CONFLICTS OF INTEREST TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD SELECTION COMMITTEE OF BETA GAMMA SIGMA DETERMINES COMPENSATION OF THE CEO BASED ON POSITION, EXPERIENCE, AND MARKET RATE. THE CEO DETERMINES COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES BASED ON EXPERIENCE AND MARKET RATE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE WEBSITE OF BETA GAMMA SIGMA (WWW.BETAGAMMASIGMA.ORG). THE CONFLICT OF INTEREST POLICY IS CONTAINED WITHIN THE GOVERNING DOCUMENTS OF THE SOCIETY. A PUBLIC INSPECTION COPY OF THE SOCIETY'S TAX RETURN (FORM 990) IS MAINTAINED IN THE OFFICES OF BETA GAMMA SIGMA, INC. THE AUDIT REPORT OF THE SOCIETY IS ALSO AVAILABLE ON THE WEBSITE. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.