Beta Gamma Chi Fraternity

What it reported doing in 2022

In 2022, our organization demonstrated its commitment to fostering community engagement and empowerment through a series of impactful events under our community program. These events brought together diverse groups of individuals, sparking meaningful conversations, promoting personal growth, and advancing our mission of inclusivity and education. 1. Launching the Year with a Resounding Success: In January, we initiated our community programs with the inaugural event, "Queers Talking in Private" (QTIP), on the topic of credit health. This event exceeded all expectations by drawing a large and enthusiastic crowd of attendees. Participants engaged in open and informative discussions, gaining valuable insights into managing their financial well-being. 2. Pride Month Celebration - Exploring the "Why": In June, during Pride Month, we organized a second QTIP event that challenged participants to explore their personal motivations and values. This event provided a safe space for individuals to reflect on their life choices and aspirations. The event fostered self-discovery, encouraging attendees to align their actions with their authentic selves. 3. Navigating the Complex World of Dating: August saw another successful QTIP event, this time focusing on the complexities of dating in the modern world. This event attracted a diverse audience, including those seeking guidance and support in their dating lives. Attendees engaged in open conversations, sharing experiences and advice, ultimately fostering healthier and more informed approaches to dating. 4. Academic Engagement and Thought Leadership: Our commitment to education and intellectual growth was exemplified in a thought-provoking roundtable discussion held in conjunction with our fraternity's academic leaders. The discussion centered around James Baldwin's "The Fire Next Time." This event facilitated in-depth discourse on the themes and relevance of Baldwin's work in today's society. It showcased our dedication to intellectual inquiry and the pursuit of knowledge. 5. Building Community and Fostering Inclusivity: Throughout the year, our community programs not only provided essential education and support but also served as platforms for building connections and fostering inclusivity. Attendees consistently reported feeling more connected to our organization and the broader community as a result of these events. 6. Commitment to Accessibility: It's worth noting that we took steps to ensure the accessibility of our events, making them available to a wider audience through virtual options and offering accommodations to individuals with disabilities. In summary, our community program accomplishments in 2022 showcased our commitment to education, inclusivity, and personal growth. These events, ranging from financial literacy to self-discovery and intellectual discourse, made a positive impact on our community, bringing individuals together and empowering them with knowledge and a sense of belonging. Our dedication to fostering a stronger, more informed, and connected community remains unwavering as we continue to work towards our mission in the years to come.

Financial Efficiency

• Mission deployment rate: 36.4%; rating input score 36
• Program expense ratio: 36.6%; rating input score 37
• Fundraising efficiency: $20.63 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
• Governance controls: 4 of 7 controls in place; rating input score 57
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 0.8%; rating input score 61; 61st percentile among comparable filings
• Total-asset coverage ratio: 0.52; rating input score 15; 15th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 70; 70th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited