BETA GAMMA SIGMA INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: BETA GAMMA SIGMA INC (EIN 43-1322067)
Tax period: 2014-07-01 to 2015-06-30
Filed: 2016-03-14
IRS object ID: 201610749349300316
Schema version: 2014v6.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule F
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-03-14T10:27:54-05:00	ReturnTs
Tax Period End	2015-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	430765316	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RUBINBROWN LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	ONE NORTH BRENTWOOD	AddressLine1Txt
City	SAINT LOUIS	CityNm
State Abbreviation	MO	StateAbbreviationCd
ZIP	63105	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2014-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	431322067	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BETA GAMMA SIGMA INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BETA	BusinessNameControlTxt
Phone	3144325650	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	125 WELDON PARKWAY	AddressLine1Txt
City	MARYLAND HEIGHTS	CityNm
State Abbreviation	MO	StateAbbreviationCd
ZIP	63043	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CHRIS CAROSELLA	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	3144325650	PhoneNum
Signature	2016-03-09	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	AMY ALTHOLZ	PreparerPersonNm
PTIN	P01289724	PTIN
Phone	3142903300	PhoneNum

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-08-17 19:52:53Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	CHRIS CAROSELLA	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	125 WELDON PARKWAY	AddressLine1Txt
City	MARYLAND HEIGHTS	CityNm
State Abbreviation	MO	StateAbbreviationCd
ZIP	63043	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$4,578,513	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.BETAGAMMASIGMA.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1982	FormationYr
Legal Domicile State	MO	LegalDomicileStateCd
Activity Or Mission	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.	ActivityOrMissionDesc
Voting Members Governing Body	12	VotingMembersGoverningBodyCnt
Voting Members Independent	12	VotingMembersIndependentCnt
Total Employee	22	TotalEmployeeCnt
Total Volunteers	228	TotalVolunteersCnt
Total Gross UBI	$43,294	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$10,261	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,948,645	PYContributionsGrantsAmt
CY Contributions Grants	$1,899,875	CYContributionsGrantsAmt
PY Program Service Revenue	$198,173	PYProgramServiceRevenueAmt
CY Program Service Revenue	$189,427	CYProgramServiceRevenueAmt
PY Investment Income	$46,568	PYInvestmentIncomeAmt
CY Investment Income	$243,363	CYInvestmentIncomeAmt
PY Other Revenue	$761,200	PYOtherRevenueAmt
CY Other Revenue	$42,462	CYOtherRevenueAmt
PY Total Revenue	$2,954,586	PYTotalRevenueAmt
CY Total Revenue	$2,375,127	CYTotalRevenueAmt
PY Grants And Similar Paid	$9,534	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,186,220	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,208,590	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$163,426	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,495,086	PYOtherExpensesAmt
CY Other Expenses	$1,371,628	CYOtherExpensesAmt
PY Total Expenses	$2,690,840	PYTotalExpensesAmt
CY Total Expenses	$2,580,218	CYTotalExpensesAmt
PY Revenues Less Expenses	$263,746	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$205,091	CYRevenuesLessExpensesAmt
Total Assets BOY	$4,121,308	TotalAssetsBOYAmt
Total Assets EOY	$4,063,624	TotalAssetsEOYAmt
Total Liabilities BOY	$107,058	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$200,357	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$4,014,250	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$3,863,267	NetAssetsOrFundBalancesEOYAmt
Mission	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.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,103,761	ExpenseAmt
Revenue	$189,427	RevenueAmt
Desc	SCHOLARSHIP RECOGNITION: SCHOLARSHIP RECOGNITION TO OUTSTANDING BUSINESS STUDENTS AND FACULTY TO ENCOURAGE AND IMPROVE ACADEMIC PERFORMANCE AMONG OVER 1,000,000 STUDENTS IN OVER 550 COLLEGES AND UNIVERSITIES. 24,562 STUDENTS AND FACULTY RECEIVED INTERNATIONAL AND LIFETIME RECOGNITION.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$227,186	ExpenseAmt
Desc	THE BETA GAMMA SIGMA INTERNATIONAL EXCHANGE 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.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$368,072	ExpenseAmt
Desc	TWO INTENSIVE THREE DAY SEMINARS EXPLORING PERSONAL AND PROFESSIONAL ETHICS AND VALUES WERE OFFERED TO UNDERGRADUATE STUDENTS IN THE NATIONAL CONFERENCES TO DEVELOP THEIR APPRECIATION FOR THE VALUES OF BETA GAMMA SIGMA: HONOR AND INTEGRITY, THE PURSUIT OF WISDOM, AND EARNESTNESS. OVER 150 STUDENTS AND 8 FACULTY AND ADMINISTRATORS PARTICIPATED IN THE PROGRAM.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Expense	$156,384	ExpenseAmt

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$156,384	TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses	$1,855,403	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	2	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	22	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	12	GoverningBodyVotingMembersCnt
Independent Voting Member	12	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CHRISTINA CAROSELLA	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3144325650	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	125 WELDON PARKWAY	AddressLine1Txt
City	MARYLAND HEIGHTS	CityNm
State Abbreviation	MO	StateAbbreviationCd
ZIP	63043	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd
BETTY JO LICATA
DIRECTOR	2.00	Yes (X)	$0	$0	$0
BERNARD J MILANO
DIRECTOR	2.00	Yes (X)	$0	$0	$0
J RALPH BYINGTON
DIRECTOR	1.00	Yes (X)	$0	$0	$0
FERNANDO A D'ALESSIO
DIRECTOR	1.00	Yes (X)	$0	$0	$0
DENNIS J ELBERT
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JAMES W FENTON JR
DIRECTOR	1.00	Yes (X)	$0	$0	$0
MARIELLE HEIJLTJES
DIRECTOR	1.00	Yes (X)	$0	$0	$0
ELI JONES III
DIRECTOR	1.00	Yes (X)	$0	$0	$0
DENISE SCHOENBACHLER
DIRECTOR	1.00	Yes (X)	$0	$0	$0
DENISE T SMART
DIRECTOR	1.00	Yes (X)	$0	$0	$0
CHARLES WHITEMAN
DIRECTOR	1.00	Yes (X)	$0	$0	$0
WILLIAM CURT HUNTER
DIRECTOR	2.00	Yes (X)	$0	$0	$0
CHRIS CAROSELLA
CEO	40.00	Yes (X)	$17,344	$0	$1,387	Yes (X)
JAMES A VIEHLAND
FORMER EXEC. DIRECTOR	40.00		$200,628	$0	$23,724		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$217,972	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$25,111	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Membership Dues	$1,664,646	MembershipDuesAmt
All Other Contributions	$235,229	AllOtherContributionsAmt
Total Contributions	$1,899,875	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
PARTNERSHIPS/AFFILIATIONS	611710	$75,343	$75,343
STUDENT FORUMS	611430	$70,790	$70,790
PUBLICATION REVENUE	541800	$38,544		$38,544
SPONSORSHIPS	541800	$4,750		$4,750

Field	Value	IRS element (for citing)
Total Program Service Revenue	$189,427	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$146,887	TotalRevenueColumnAmt
Exclusion	$146,887	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$2,042,747	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$1,946,271	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$96,476	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$96,476	TotalRevenueColumnAmt
Exclusion	$96,476	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$299,577	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$257,115	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$42,462	TotalRevenueColumnAmt
Related Or Exempt Func Income	$42,462	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,375,127	TotalRevenueColumnAmt
Related Or Exempt Func Income	$188,595	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$43,294	UnrelatedBusinessRevenueAmt
Exclusion	$243,363	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$223,202	TotalAmt
Program Services	$138,385	ProgramServicesAmt
Management And General	$69,193	ManagementAndGeneralAmt
Fundraising	$15,624	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$772,561	TotalAmt
Program Services	$481,024	ProgramServicesAmt
Management And General	$237,436	ManagementAndGeneralAmt
Fundraising	$54,101	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$58,796	TotalAmt
Program Services	$36,453	ProgramServicesAmt
Management And General	$18,227	ManagementAndGeneralAmt
Fundraising	$4,116	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$83,008	TotalAmt
Program Services	$51,465	ProgramServicesAmt
Management And General	$25,732	ManagementAndGeneralAmt
Fundraising	$5,811	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$71,023	TotalAmt
Program Services	$44,034	ProgramServicesAmt
Management And General	$22,017	ManagementAndGeneralAmt
Fundraising	$4,972	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$39,006	TotalAmt
Program Services	$24,184	ProgramServicesAmt
Management And General	$12,093	ManagementAndGeneralAmt
Fundraising	$2,729	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$98,375	TotalAmt
Program Services	$56,799	ProgramServicesAmt
Management And General	$35,782	ManagementAndGeneralAmt
Fundraising	$5,794	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$92,855	TotalAmt
Program Services	$59,412	ProgramServicesAmt
Management And General	$26,750	ManagementAndGeneralAmt
Fundraising	$6,693	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$36,547	TotalAmt
Program Services	$5,363	ProgramServicesAmt
Management And General	$31,184	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$3,390	TotalAmt
Management And General	$3,390	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$60,570	TotalAmt
Program Services	$38,755	ProgramServicesAmt
Management And General	$17,449	ManagementAndGeneralAmt
Fundraising	$4,366	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$14,343	TotalAmt
Program Services	$9,177	ProgramServicesAmt
Management And General	$4,132	ManagementAndGeneralAmt
Fundraising	$1,034	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
PROGRAMS AND EVENTS	$351,042	$351,042
PRINTING	$203,599	$203,599
POSTAGE AND SHIPPING	$143,060	$140,482	$2,062	$516
SCHOLARSHIPS AND AWARDS	$112,966	$112,966

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$215,875	TotalAmt
Program Services	$102,263	ProgramServicesAmt
Management And General	$55,942	ManagementAndGeneralAmt
Fundraising	$57,670	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,580,218	TotalAmt
Program Services	$1,855,403	ProgramServicesAmt
Management And General	$561,389	ManagementAndGeneralAmt
Fundraising	$163,426	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$44,456	BOYAmt
EOY	$475,144	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$25,000	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$388,250	BOYAmt
EOY	$191,755	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$130,800	BOYAmt
EOY	$89,893	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$22,354	BOYAmt
EOY	$34,295	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$453,882	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$290,448	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$188,762	BOYAmt
EOY	$163,434	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$3,346,686	BOYAmt
EOY	$3,084,103	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,121,308	BOYAmt
EOY	$4,063,624	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$107,058	BOYAmt
EOY	$173,157	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
EOY	$27,200	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$107,058	BOYAmt
EOY	$200,357	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,995,557	BOYAmt
EOY	$3,795,773	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$18,693	BOYAmt
EOY	$67,494	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,014,250	BOYAmt
EOY	$3,863,267	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,121,308	BOYAmt
EOY	$4,063,624	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$205,091	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$5,892	NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments	$60,000	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,893,947	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,051,007	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,003,387	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,948,645	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,899,875	CurrentTaxYearAmt
Total	$9,796,861	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$440,936	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$329,064	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$428,811	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$523,951	CurrentTaxYearMinus1YearAmt
Current Tax Year	$489,044	CurrentTaxYearAmt
Total	$2,211,806	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,334,883	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,380,071	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,432,198	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,472,596	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,388,919	CurrentTaxYearAmt
Total	$12,008,667	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$12,008,667	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$300,040	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$290,441	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$409,201	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$156,205	CurrentTaxYearMinus1YearAmt
Current Tax Year	$243,363	CurrentTaxYearAmt
Total	$1,399,250	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$300,040	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$290,441	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$409,201	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$156,205	CurrentTaxYearMinus1YearAmt
Current Tax Year	$243,363	CurrentTaxYearAmt
Total	$1,399,250	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,634,923	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,670,512	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,841,399	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,628,801	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,632,282	CurrentTaxYearAmt
Total	$13,407,917	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.89560	PublicSupportCY509Pct
Public Support PY509	0.87010	PublicSupportPY509Pct
Investment Income CY	0.10440	InvestmentIncomeCYPct
Investment Income PY	0.12900	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$453,882	OtherCostOrOtherBasisAmt
Depreciation	$290,448	DepreciationAmt
Book Value	$163,434	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$163,434	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
INTERMEDIATE-TERM BOND	$707,127	F
LARGE-CAP GROWTH	$1,563,905	F
LARGE-CAP BLEND	$813,071	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$3,084,103	TotalBookValueSecuritiesAmt
Total Rev Etc Audited Fincl Stmt	$2,626,350	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$5,892	NetUnrealizedGainsInvstAmt
Other Revenue	$257,115	OtherRevenueAmt
Revenue Not Reported	$251,223	RevenueNotReportedAmt
Revenue Subtotal	$2,375,127	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$2,375,127	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$2,837,333	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$257,115	OtherExpensesIncludedAmt
Expenses Not Reported	$257,115	ExpensesNotReportedAmt
Expenses Subtotal	$2,580,218	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$2,580,218	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART XI, LINE 2D - OTHER ADJUSTMENTS:	COST OF GOODS SOLD 257,115.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	COST OF GOODS SOLD 257,115.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (9 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
EUROPE	PROGRAM SERVICES	SCHOLASTIC RECOGNITION AND SCHOLARSHIPS	$53,299
NORTH AMERICA	PROGRAM SERVICES	SCHOLASTIC RECOGNITION AND SCHOLARSHIPS	$33,929
CENTRAL AMERICA AND CARIBBEAN	PROGRAM SERVICES	SCHOLASTIC RECOGNITION AND SCHOLARSHIPS	$717
EAST ASIA/PACIFIC	PROGRAM SERVICES	SCHOLASTIC RECOGNITION AND SCHOLARSHIPS	$87,703
MIDDLE EAST	PROGRAM SERVICES	SCHOLASTIC RECOGNITION AND SCHOLARSHIPS	$7,554
RUSSIA AND NEIGHBORING STATES	PROGRAM SERVICES	SCHOLASTIC RECOGNITION AND SCHOLARSHIPS	$760
SOUTH AMERICA	PROGRAM SERVICES	SCHOLASTIC RECOGNITION AND SCHOLARSHIPS	$19,159
SOUTH ASIA	PROGRAM SERVICES	SCHOLASTIC RECOGNITION AND SCHOLARSHIPS	$2,405
SUB-SAHARAN AFRICA	PROGRAM SERVICES	SCHOLASTIC RECOGNITION AND SCHOLARSHIPS	$633

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continutation Total Office	0	ContinutationTotalOfficeCnt
Continutation Total Employee	0	ContinutationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$205,526	SubtotalSpentAmt
Continuation Spent	$633	ContinuationSpentAmt
Total Spent	$206,159	TotalSpentAmt
Transfer To Foreign Corp	0	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	0	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	0	PassiveForeignInvestmestCoInd
Foreign Partnership	0	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 3:	FormAndLineReferenceDesc
Explanation	TOTAL EXPENSES FROM SCHOLASTIC RECOGNITION AND SCHOLARSHIP EXPENSES 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.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	JAMES A VIEHLAND	PersonNm
Title	FORMER EXEC. DIRECTOR	TitleTxt
Base Compensation Filing Org	$200,628	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$23,724	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$224,352	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 ENTITLES TO ONE VOTE. ADDITIONALLY, BETA GAMMA SIGMA HAS ESTABLSHED 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 CHPATERS 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 FORM 990 WILL BE 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 EXECUTIVE DIRECTOR 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.