Beta Gamma Chi Fraternity

EIN: 831084176 501(c)(3) Education

Philadelphia, PA

Total Revenue
$17,824
Total Expenses
$17,684
Total Assets
$9,222
Net Assets
$9,222
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
PA
Principal Officer
Gerald Dessus
Phone
2153907614
Tax Period
2022-01-01 to 2022-12-31

Beta Gamma Chi Fraternity, founded in 2010, is a micro nonprofit in the Education sector that reported $18K in total revenue in fiscal year 2022. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

The mission of Beta Gamma Chi Fraternity is to: enhance the quality of life for queer people through community programs; uplift, educate, empower, love, and serve the LGBTQ+ community through membership and fellowship opportunities; and promote the positive welfare of queer people on college campuses by partnering and collaborating with local LGBTQ+ service organizations.

Program Service Accomplishments

Program 1
Expenses: $3,421 Revenue: $6,116

In 2022, the Code Red Program achieved significant milestones and made a substantial impact on our community. These accomplishments demonstrate our commitment to education, advocacy, and support for...

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In 2022, the Code Red Program achieved significant milestones and made a substantial impact on our community. These accomplishments demonstrate our commitment to education, advocacy, and support for individuals affected by HIV/AIDS. Below is a summary of our key achievements for the year, which we are proud to report on our Form 990 filing: 1. Hosting Six Successful Code Red Events: In December 2022, the Code Red Program hosted a total of six engaging and informative events. These events provided a platform for open dialogue, education, and support for community members affected by HIV/AIDS. These gatherings were instrumental in fostering a sense of belonging and understanding within our community. 2. Engaging 196 Community Members: Our events in 2022 attracted a diverse and vibrant audience, with a total of 196 community members in attendance. This high level of participation underscores the relevance and importance of the Code Red Program in our community, as well as the effectiveness of our outreach efforts. 3. Treatment and Prevention Workshop with Rave Reviews: One of the highlights of our 2022 accomplishments was the success of our Treatment and Prevention Workshop. This workshop was designed to empower individuals with knowledge about the latest advancements in HIV/AIDS treatment and prevention. The overwhelmingly positive reviews and feedback received from attendees demonstrate the workshop's effectiveness in providing valuable information and support to our community members. 4. Fundraising for the Sero Project: In addition to our educational initiatives, the Code Red Program also made a meaningful contribution to the Sero Project, a vital organization dedicated to the rights and advocacy of individuals living with HIV/AIDS. In 2022, we raised $1,000 in funding for the Sero Project, helping them continue their critical work in promoting justice and ending stigma for those affected by HIV/AIDS. These accomplishments reflect the dedication, hard work, and impact of the Code Red Program in 2022. We remain committed to our mission of providing education, advocacy, and support to those affected by HIV/AIDS and look forward to continuing our efforts in the years to come. We are grateful for the support of our community and donors, without whom these accomplishments would not have been possible.

Program 2
Expenses: $241 Revenue: $308

BETACON serves as a pivotal event where fraternity members from across the country gather for a unique blend of professional development, social engagement, ceremonial activities, our annual business...

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BETACON serves as a pivotal event where fraternity members from across the country gather for a unique blend of professional development, social engagement, ceremonial activities, our annual business meeting, and an inspiring awards banquet. In 2022, the program successfully pivoted to a virtual format in response to the ongoing COVID-19 pandemic. Here, we detail the remarkable accomplishments of the BETACON program for the Form 990 filing: 1. Virtual Adaptation Amidst Pandemic Challenges: BETACON's most significant achievement in 2022 was its successful adaptation to a virtual format, ensuring the safety and well-being of our members during the ongoing COVID-19 pandemic. Despite the challenges posed by remote conferencing, we were able to maintain the essence and integrity of the event, offering our members a meaningful experience while adhering to health guidelines. 2. Professional Development Workshops: BETACON continued to excel in providing valuable professional development opportunities for our fraternity members. The virtual platform enabled us to host a diverse array of workshops, featuring prominent guest speakers and experts in various fields. 3. Showcasing Community Programs: As part of BETACON, we showcased four of our fraternity's community programs. This spotlight allowed us to highlight the positive impact of our organization on communities across the country. Our members had the opportunity to share their experiences and success stories, further motivating and inspiring attendees to actively engage in our philanthropic initiatives. 4. Well-Attended Annual Meeting: Despite the virtual format, our annual business meeting garnered strong attendance, demonstrating the commitment and dedication of our fraternity's leadership and membership. During this meeting, we discussed important organizational matters, shared financial updates, and charted the course for our fraternity's future endeavors. 5. Awards and Recognition: The BETACON Awards, a hallmark of our event, continued to shine as a moment of celebration and recognition. We honored outstanding individuals and chapters for their exceptional contributions to our fraternity and their communities. These awards not only motivate our members but also showcase the positive impact of our fraternity on a national scale. In summary, the BETACON program for 2022 demonstrated remarkable adaptability and resilience by successfully transitioning to a virtual format during the COVID-19 pandemic. It continued to provide valuable professional development, highlighted our fraternity's community programs, facilitated a well-attended annual meeting, and celebrated the achievements of our members. These accomplishments reflect our fraternity's commitment to growth, innovation, and excellence in service to our members and communities nationwide.

Program 3
Expenses: $1,742 Revenue: $7,291

In 2022, our organization made significant strides in enhancing the professional growth and leadership capabilities of our members through our Member Development Program. This program is a...

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In 2022, our organization made significant strides in enhancing the professional growth and leadership capabilities of our members through our Member Development Program. This program is a cornerstone of our commitment to nurturing talent and fostering a strong sense of community within our organization. The accomplishments of our Member Development Program for the year 2022 are as follows: New Member Inductions: We inducted a cohort of new members into our organization. This cohort represents a diverse range of backgrounds and expertise, enriching our membership base and bringing fresh perspectives to our community. Professional Development Initiatives: Throughout the year, we implemented a comprehensive suite of professional development initiatives tailored to the needs and aspirations of our members. These initiatives included workshops and training sessions covering a wide array of relevant topics within our industry. Leadership Trainings: In 2022, we placed a significant emphasis on nurturing leadership skills within our membership. We facilitated a series of leadership trainings designed to empower members with the skills and knowledge necessary to take on leadership roles within our organization and the broader community. Mentorship Programs: Our Member Development Program also featured mentorship opportunities, pairing experienced members with new members. This mentorship provided invaluable guidance and support to our members, helping them navigate their first year as a member effectively. Networking Initiative: Networking is a crucial aspect of professional growth, and we piloted a networking initiative in 2022. This initiative created opportunities for members to connect, share insights, and forge valuable professional relationships. Member Feedback and Continuous Improvement: We actively sought feedback from our members throughout the year to assess the effectiveness of our Member Development Program. This feedback-driven approach allowed us to make continuous improvements to the program, ensuring its relevance and value. The accomplishments of our Member Development Program in 2022 demonstrate our commitment to investing in the growth and success of our members. We believe that by empowering our members with the tools, knowledge, and opportunities they need to excel in their professional endeavors, we contribute not only to the success of our organization but also to the overall betterment of our industry and community. We look forward to building upon these accomplishments in the coming years as we continue to support and develop our members.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $17,333
Program Service Revenue $308
Investment Income $0
Other Revenue $183
TOTAL REVENUE $17,824

Expense Breakdown

Grants Paid $2,020
Salaries & Benefits $794
Fundraising Expenses $840
Program Expenses $6,466
Other Expenses $14,244
TOTAL EXPENSES $17,684

Year-over-Year Comparison

2022 2021 Change
Revenue $17,824 $14,660 +0.2%
Expenses $17,684 $8,820 +1.0%
Net Income $140 $5,840 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
39

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward Good President 2
Officer Director
$0 $0 $0
Khyle Wooten Board Member 1
Director
$0 $0 $0
Melissa Dietrich Board Member 1
Director
$0 $0 $0
Corey Sidney Board Member 1
Director
$0 $0 $0
Gerald Dessus Executive Director 12
Officer Director
$0 $0 $0
Malcolm Richardson Director of Membership 2
Officer Director
$0 $0 $0
Erick Blake Fraternity Education Officer 4
Officer
$0 $0 $0
Darin F Earl II Director of Programs 2
Officer
$0 $0 $0
Sheldon Fisher Director of Development 8
Officer
$0 $0 $0
Calvin Joyner Regional Director 2
Officer
$0 $0 $0
Dashawn Brown Social Chair 1
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $17,824 $17,684 $9,222 $140
2021 $14,660 $8,820 $9,082 $5,840
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