2018-03-23T14:12:24-05:00 2017-06-30 430765316 RubinBrown LLP One North Brentwood Saint Louis MO 63105 990 2016-07-01 431322067 Beta Gamma Sigma Inc BETA 3144325650 11814 Borman Drive Saint Louis MO 63146 CHRIS CAROSELLA CEO 3144325650 2018-03-22 1 Kimberly A Ryan P00829977 3142903300 12.216.26.226 2018-03-22 12:06:11 MD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 17BF96BABDE19316F4C6270412AAE1C5A3F50A69 2016 2021-01-29 14:40:06Z X CHRIS CAROSELLA 11814 Borman Drive Saint Louis MO 63146 6238619 0 X WWW.BETAGAMMASIGMA.ORG X 1982 MO 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. 20 19 22 1020 57242 -37180 1986639 2173719 284525 364149 155230 287003 106785 67702 2533179 2892573 0 0 0 0 1174743 1272918 0 0 279381 1496526 1803892 2671269 3076810 -138090 -184237 3968187 3858188 343018 330164 3625169 3528024 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 642024 214947 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 584 COLLEGES AND UNIVERSITIES. 26,274 STUDENTS AND FACULTY RECEIVED INTERNATIONAL AND LIFETIME RECOGNITION. 114872 THE BETA GAMMA SIGMA HONORS MAGAZINE IS DISTRIBUTED TO OVER 250,000 INDIVIDUALS, PROVIDING INFORMATION ON MANAGEMENT EDUCATION AND PRACTICE AND IMPORTANT ISSUES FACING SOCIETY SUCH AS PRODUCTIVITY, BEST PRACTICES, GLOBAL COMPETITION, AND ETHICAL BUSINESS LEADERSHIP. 698723 117200 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 sessions, culminating in a business case competition. More than 359 students benefited from 19 speakers, 3 members of the Board of Governors, and 8 mentors, all to facilitate an experience of learning, growth, and professional development. 838403 42179 838403 42179 2294022 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 22 1 1 1 0 0 0 0 0 0 0 0 0 X 20 19 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X CHRISTINA CAROSELLA 3144325650 11814 BORMAN DRIVE SAINT LOUIS MO 63146 Betty Jo Licata OFFICER/DIRECTOR 1.00 X X 0 0 0 Bernard J Milano Secretary/Treasurer 2.00 X X 0 0 0 Jacob Chacko DIRECTOR 1.00 X 0 0 0 Marielle G Heijltjes DIRECTOR 1.00 X 0 0 0 Jeffri L Epps DIRECTOR 1.00 X 0 0 0 Charles Whiteman Chairman 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 Juyoung Kim DIRECTOR 1.00 X 0 0 0 Thomas Robinson dIRECTOR 1.00 X 0 0 0 Gary A Giamartino DIRECTOR 1.00 X 0 0 0 CHRIS CAROSELLA CEO 37.50 X X 195391 0 23562 Faye W Gilbert DIRECTOR 1.00 X 0 0 0 Mary A Gowan DiRECTOR 1.00 X 0 0 0 Jorge Haddock DIRECTOR 1.00 X 0 0 0 Jeffrey P Katz DIRECTOR 1.00 X 0 0 0 Georgette Chapman DIRECTOR 1.00 X 0 0 0 Latha Ramchand DIRECTOR 1.00 X 0 0 0 Barbara A Ritter DIRECTOR 1.00 X 0 0 0 Lawrence G Singleton DIRECTOR 1.00 X 0 0 0 Teresa Lyn Chadwick DIRECTOR, ADVANCEMENT 37.50 X 93159 0 7191 288550 0 30753 1 0 1 0 0 1917132 256587 2173719 STUDENT FORUMS 611430 233179 233179 PARTNERSHIPS/AFFILIATIONS 611710 73728 73728 PUBLICATION REVENUE 541800 57242 57242 364149 126435 126435 3315870 3155302 160568 160568 160568 258246 190744 67502 67502 MISCELLANEOUS 200 200 200 2892573 374609 57242 287003 348342 212489 101019 34834 733149 447221 212613 73315 26505 16168 7686 2651 96221 58695 27904 9622 68701 41908 19923 6870 16324 16324 12687 7739 3679 1269 13719 13719 131365 96018 19418 15929 293232 284178 4915 4139 85620 55653 16268 13699 28565 10851 16484 1230 3637 3492 109 36 65640 42666 12472 10502 14333 9317 2723 2293 PROGRAMS AND EVENTS 597822 596737 1085 PRINTING 150830 118697 32133 POSTAGE AND SHIPPING 115730 109871 5719 140 SCHOLARSHIPS AND AWARDS 103317 103317 171071 79005 35066 57000 3076810 2294022 503407 279381 523757 167272 142267 151203 88645 69905 49250 84029 588451 381867 160024 206584 3004244 3179195 3968187 3858188 321419 304316 21599 25848 343018 330164 X 3565167 3478416 60002 49608 3625169 3528024 3968187 3858188 -184237 87092 0 X X 0 1 X 1 0 X 2003387 1948645 1899875 1986639 2173719 10012265 569016 523951 445710 591092 565153 2694922 2572403 2472596 2345585 2577731 2738872 12707187 0 0 0 12707187 48028 46568 146887 118200 126435 486118 48028 46568 146887 118200 126435 486118 10261 10261 2620431 2519164 2502733 2695931 2865307 13203566 0.96240 0.94920 0.03680 0.05000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 482977 381867 101110 105474 105474 206584 Mutual Funds 3179195 F 3179195 3175085 87092 21000 190744 298836 2876249 16324 16324 2892573 3272230 21000 190744 211744 3060486 16324 16324 3076810 Part XI, Line 2d - Other Adjustments: COST OF GOODS SOLD 190,744. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD 190,744. EUROPE 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 33434 NORTH AMERICA 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 20994 EAST ASIA/PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 48416 MIDDLE EAST 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 14322 SOUTH AMERICA 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 6183 SOUTH ASIA 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 489 0 0 0 0 0 0 123838 0 123838 0 0 0 0 0 0 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 X 0 0 0 0 0 0 0 0 0 CHRIS CAROSELLA CEO 195391 0 0 0 0 0 14933 0 8629 0 218953 0 0 0 Form 990, Part VI, Section A, line 4 The Board shall consist of twenty-six members as follows: CEO of BGS, the CEO of AACSB or an AACSB designee, and up to twenty-four elected academic members (previously twelve elected academic members and up to twelve elected non-academic members). 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 700,000 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 OF THE FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AND CEO 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.