National Council of Beta Alpha Psi Group Return

Nonprofit profile at a glance

EIN
363554982
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-N 2007
Location
Lakewood Ranch, FL, USA
Phone
9194024044
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$622,465
Expenses
$518,745
Assets
$567,410
Liabilities
$21,016

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • PATRICIA POLI (PRESIDENT)
  • RAYMOND ELSON (PRESIDENT-ELECT)
  • MARK MYRING (PAST PRESIDENT)
  • KIMBERLY ELLISON-TAYLOR (OUTGOING PAST PRESIDENT)

People named in this filing

  • PATRICIA POLI (PRESIDENT)
  • RAYMOND ELSON (PRESIDENT-ELECT)
  • MARK MYRING (PAST PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

National council of beta alpha psi is a student organization whose primary purpose is to give encouragement and recognition to scholastic and professional excellence in the field of accounting, finance, business analytics, or information systems. (continued at schedule o)it also promotes the interaction between members and professionals in order to encourage the study and practice of accounting finance, business analytics or information systems, and provide opportunities for self-development.

What it reported doing in 2024

Members organized, managed and participated in annual and regional meetings in the accounting industry. Professional speakers from many aspects of business speak and cpe credits are offered to professionals attending the event, encouraging our members to participate in mid-year and annual meetings to network with professionals from the financial services industry. Events serve to recognize superior students in the college of business through scholarships from outside sources to promote the financial services industry. This also serves as a networking opportunity with professionals in the business field. (continued at schedule o)candidate program, professional, and service activities provide networking opportunities with fellow classmates and professionals in the business field who will be their future colleagues. The goal of these programs is to encourage scholastic and professional excellence in the field of financial services.organization and presentation of community service events, competitions, mid-year and annual meetings and other chapter activities.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 93
  • Accountability: 70
  • Sustainability: 63
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73%; rating input score 73
  • Program expense ratio: 86.6%; rating input score 87
  • Fundraising efficiency: $172.38 raised per $1 spent on fundraising; rating input score 91; 91st 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: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: 16.7%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 1.09; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -5% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -4.6% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 73% of revenue deployed · 86.6% of spending went to programs
  • Governance: 15 of 15 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $449K in reported program spending
  • Leadership: top reported pay $0 · 22 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.