2016-03-14T10:27:54-05:00 2015-06-30 430765316 RUBINBROWN LLP ONE NORTH BRENTWOOD SAINT LOUIS MO 63105 990 2014-07-01 431322067 BETA GAMMA SIGMA INC BETA 3144325650 125 WELDON PARKWAY MARYLAND HEIGHTS MO 63043 CHRIS CAROSELLA CEO 3144325650 2016-03-09 1 AMY ALTHOLZ P01289724 3142903300 2014 2016-08-17 19:52:53Z CHRIS CAROSELLA 125 WELDON PARKWAY MARYLAND HEIGHTS MO 63043 4578513 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 12 22 228 43294 10261 1948645 1899875 198173 189427 46568 243363 761200 42462 2954586 2375127 9534 0 0 0 1186220 1208590 0 0 163426 1495086 1371628 2690840 2580218 263746 -205091 4121308 4063624 107058 200357 4014250 3863267 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 1103761 189427 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. 227186 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. 368072 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. 156384 156384 1855403 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 2 0 1 22 1 1 1 0 0 0 0 0 0 0 X 12 12 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 X BETTY JO LICATA DIRECTOR 2.00 X 0 0 0 BERNARD J MILANO DIRECTOR 2.00 X 0 0 0 J RALPH BYINGTON DIRECTOR 1.00 X 0 0 0 FERNANDO A D'ALESSIO DIRECTOR 1.00 X 0 0 0 DENNIS J ELBERT DIRECTOR 1.00 X 0 0 0 JAMES W FENTON JR DIRECTOR 1.00 X 0 0 0 MARIELLE HEIJLTJES DIRECTOR 1.00 X 0 0 0 ELI JONES III DIRECTOR 1.00 X 0 0 0 DENISE SCHOENBACHLER DIRECTOR 1.00 X 0 0 0 DENISE T SMART DIRECTOR 1.00 X 0 0 0 CHARLES WHITEMAN DIRECTOR 1.00 X 0 0 0 WILLIAM CURT HUNTER DIRECTOR 2.00 X 0 0 0 CHRIS CAROSELLA CEO 40.00 X X 17344 0 1387 JAMES A VIEHLAND FORMER EXEC. DIRECTOR 40.00 X 200628 0 23724 217972 0 25111 1 0 1 0 0 1664646 235229 1899875 PARTNERSHIPS/AFFILIATIONS 611710 75343 75343 STUDENT FORUMS 611430 70790 70790 PUBLICATION REVENUE 541800 38544 38544 SPONSORSHIPS 541800 4750 4750 189427 146887 146887 2042747 1946271 96476 96476 96476 299577 257115 42462 42462 2375127 188595 43294 243363 223202 138385 69193 15624 772561 481024 237436 54101 58796 36453 18227 4116 83008 51465 25732 5811 71023 44034 22017 4972 39006 24184 12093 2729 98375 56799 35782 5794 92855 59412 26750 6693 36547 5363 31184 3390 3390 60570 38755 17449 4366 14343 9177 4132 1034 PROGRAMS AND EVENTS 351042 351042 PRINTING 203599 203599 POSTAGE AND SHIPPING 143060 140482 2062 516 SCHOLARSHIPS AND AWARDS 112966 112966 215875 102263 55942 57670 2580218 1855403 561389 163426 44456 475144 0 25000 388250 191755 130800 89893 22354 34295 453882 290448 188762 163434 3346686 3084103 4121308 4063624 107058 173157 27200 107058 200357 X 3995557 3795773 18693 67494 4014250 3863267 4121308 4063624 -205091 -5892 60000 0 X X 0 1 X 1 0 X 1893947 2051007 2003387 1948645 1899875 9796861 440936 329064 428811 523951 489044 2211806 2334883 2380071 2432198 2472596 2388919 12008667 0 0 0 12008667 300040 290441 409201 156205 243363 1399250 300040 290441 409201 156205 243363 1399250 2634923 2670512 2841399 2628801 2632282 13407917 0.89560 0.87010 0.10440 0.12900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 453882 290448 163434 163434 INTERMEDIATE-TERM BOND 707127 F LARGE-CAP GROWTH 1563905 F LARGE-CAP BLEND 813071 F 3084103 2626350 -5892 257115 251223 2375127 0 2375127 2837333 257115 257115 2580218 0 2580218 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 257,115. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 257,115. EUROPE 0 0 PROGRAM SERVICES SCHOLASTIC RECOGNITION AND SCHOLARSHIPS 53299 NORTH AMERICA 0 0 PROGRAM SERVICES SCHOLASTIC RECOGNITION AND SCHOLARSHIPS 33929 CENTRAL AMERICA AND CARIBBEAN 0 0 PROGRAM SERVICES SCHOLASTIC RECOGNITION AND SCHOLARSHIPS 717 EAST ASIA/PACIFIC 0 0 PROGRAM SERVICES SCHOLASTIC RECOGNITION AND SCHOLARSHIPS 87703 MIDDLE EAST 0 0 PROGRAM SERVICES SCHOLASTIC RECOGNITION AND SCHOLARSHIPS 7554 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES SCHOLASTIC RECOGNITION AND SCHOLARSHIPS 760 SOUTH AMERICA 0 0 PROGRAM SERVICES SCHOLASTIC RECOGNITION AND SCHOLARSHIPS 19159 SOUTH ASIA 0 0 PROGRAM SERVICES SCHOLASTIC RECOGNITION AND SCHOLARSHIPS 2405 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES SCHOLASTIC RECOGNITION AND SCHOLARSHIPS 633 0 0 0 0 0 0 205526 633 206159 0 0 0 0 0 0 PART I, LINE 3: 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. X X X 0 0 0 0 0 0 0 0 0 JAMES A VIEHLAND FORMER EXEC. DIRECTOR 200628 0 0 0 0 0 0 0 23724 0 224352 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 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.