2017-03-21T15:52:55-05:00 2016-06-30 430765316 RubinBrown LLP One North Brentwood Saint Louis MO 63105 990 2015-07-01 431322067 Beta Gamma Sigma Inc BETA 3144325650 125 Weldon Parkway Maryland Heights MO 63043 CHRIS CAROSELLA CEO 3144325650 2017-03-14 1 Kimberly A Ryan P00829977 3142903300 2015 2021-01-29 14:40:06Z CHRIS CAROSELLA 125 Weldon Parkway Maryland Heights MO 63043 5852965 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. 12 11 25 349 26575 -15540 1899875 1986639 189427 284525 243363 155230 42462 106785 2375127 2533179 0 0 0 0 1208590 1174743 0 0 277133 1371628 1496526 2580218 2671269 -205091 -138090 4063624 3968187 200357 343018 3863267 3625169 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 815633 276643 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 571 COLLEGES AND UNIVERSITIES. 26,074 STUDENTS AND FACULTY RECEIVED INTERNATIONAL AND LIFETIME RECOGNITION. 97738 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. 500199 75636 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 300 students benefited from 19 speakers, 6 members of the Board of Governors, and 2 mentors, all to facilitate an experience of learning, growth, and professional development. 422899 22281 422899 22281 1836469 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 25 1 1 1 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X CHRISTINA CAROSELLA 3144325650 125 WELDON PARKWAY MARYLAND HEIGHTS MO 63043 Betty Jo Licata Chairman 2.00 X X 0 0 0 Bernard J Milano Secretary/Treasurer 2.00 X X 0 0 0 J Ralph Byington DIRECTOR 1.00 X 0 0 0 Marielle G Heijltjes DIRECTOR 1.00 X 0 0 0 Denise D Schoenbachler DIRECTOR 1.00 X 0 0 0 Charles Whiteman Vice Chairman 1.00 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 James W Genton DIRECTOR 1.00 X 0 0 0 CHRIS CAROSELLA CEO 40.00 X X 186555 0 22851 186555 0 22851 1 0 1 0 0 1717687 268952 1986639 STUDENT FORUMS 611430 194002 194002 PARTNERSHIPS/AFFILIATIONS 611710 63948 63948 PUBLICATION REVENUE 541800 26575 26575 284525 118200 118200 3130459 3093429 37030 37030 37030 333142 226357 106785 106785 2533179 364735 26575 155230 217448 134818 67409 15221 770735 468084 231533 71118 31500 19530 9765 2205 86359 53543 26771 6045 68701 42595 21297 4809 11991 11991 20343 12613 6306 1424 15558 15558 61738 41777 14843 5118 158776 93424 62770 2582 86273 52627 25019 8627 40309 5401 30423 4485 1165 1118 35 12 67872 41402 19683 6787 14454 8817 4192 1445 PROGRAMS AND EVENTS 430041 430041 POSTAGE AND SHIPPING 143387 141602 189 1596 FUNDRAISING 129060 129060 PRINTING 116566 116566 198993 172511 25441 1041 2671269 1836469 557667 277133 475144 523757 25000 191755 142267 89893 88645 34295 49250 489295 329271 163434 160024 3084103 3004244 4063624 3968187 173157 321419 27200 21599 200357 343018 X 3795773 3565167 67494 60002 3863267 3625169 4063624 3968187 -138090 -100008 0 X X 0 1 X 1 0 X 2051007 2003387 1948645 1899875 1986639 9889553 329064 569016 523951 445710 591092 2458833 2380071 2572403 2472596 2345585 2577731 12348386 0 0 0 12348386 290441 48028 46568 146887 118200 650124 290441 48028 46568 146887 118200 650124 10261 10261 2670512 2620431 2519164 2502733 2695931 13008771 0.94920 0.89560 0.05000 0.10440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 489295 329271 160024 160024 Mutual Funds 3004244 F 3004244 2667537 -100008 20000 226357 146349 2521188 11991 11991 2533179 2905635 20000 226357 246357 2659278 11991 11991 2671269 Part XI, Line 2d - Other Adjustments: COST OF GOODS SOLD 226,357. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD 226,357. CENTRAL AMERICA AND CARIBBEAN 0 0 PROGRAM SERVICES HONORS MAGAZINE 49 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES HONORS MAGAZINE 51 SOUTH ASIA 0 0 PROGRAM SERVICES HONORS MAGAZINE 163 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES HONORS MAGAZINE 43 EUROPE 0 0 PROGRAM SERVICES HONORS MAGAZINE 6954 NORTH AMERICA 0 0 PROGRAM SERVICES HONORS MAGAZINE 3798 EAST ASIA/PACIFIC 0 0 PROGRAM SERVICES HONORS MAGAZINE 8544 MIDDLE EAST 0 0 PROGRAM SERVICES HONORS MAGAZINE 1121 SOUTH AMERICA 0 0 PROGRAM SERVICES HONORS MAGAZINE 2282 EUROPE 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 36566 NORTH AMERICA 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 16391 EAST ASIA/PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 35534 MIDDLE EAST 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 6663 SOUTH AMERICA 0 0 PROGRAM SERVICES SCHOLARSHIPS RECOGNITION 10760 0 0 0 0 0 0 20723 108196 128919 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. EXPENSES FROM A KOREAN CHAPTER SEMINAR, ALUMNI EVENT, AND CHAPTER PAID VISIT WERE ALSO ADDED. The foreign expenses for the Honors Magazine are based on the actual number of magazines mailed to non-U.S. addresses. The cost per magazine is the printing, postage and related personnel expenses. The cost per country was calculated based on the percentage of the recipients in each country. X X X 0 0 0 0 0 0 0 0 0 CHRIS CAROSELLA CEO 186555 0 0 0 0 0 14222 0 8629 0 209406 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 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 11 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.