Beta Gamma Company of Phi Kappa Theta Inc.

Overview

The Beta Gamma Company of Phi Kappa Theta Inc. is a U.S. nonprofit organization designated as a 501(c)(7) social and recreational club. It operates in conjunction with the Beta Gamma Chapter of Phi Kappa Theta Fraternity, focusing on providing a fraternal home and community engagement for its members and alumni.

Financial Operations

As per its financial reports, the organization primarily relies on contributions for its revenue. In the fiscal year ending June 2021, it reported contributions amounting to 100% of its total revenue, with no significant income from other sources like program services, investments, or fundraising events[1]. The organization maintains assets and liabilities to manage its financial obligations.

Activities and Mission

The mission of the Beta Gamma Company includes safeguarding the fraternity house as a home for undergraduates and alumni, fostering a strong community among alumni, and enhancing the undergraduate experience through mentorship and resources[3]. The Beta Gamma Chapter of Phi Kappa Theta aims to promote high scholastic standards and encourage members to embody the fraternity's motto, "Give, Expecting Nothing Thereof," by fostering a spirit of loyalty and service[2].

Corporate Structure

Key officers, including the president, vice president, treasurer, and secretary, oversee the organization's activities without receiving compensation[1]. This setup ensures that the organization operates efficiently and aligns with its nonprofit status.

Community Involvement

The fraternity is actively involved in community service, particularly noted for its participation in THON (The Penn State IFC/Panhellenic Dance Marathon), where they have consistently raised substantial funds for charity[5]. Community service and leadership development are integral parts of the fraternity's mission, emphasizing the importance of civic responsibility and personal growth for its members.