Civic Intelligence

Florida Beta Student Aid Fund

990 • Fiscal year 2024 • EIN 23-7366820

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 10, 2025

Organization ProfileN/A
PO Box 13451Gainesville, FL 32604

(352) 392-4734

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.32x

Higher debt load relative to assets than 65% of similar nonprofits.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

1.05x

Higher debt load relative to revenue than 56% of similar nonprofits.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2024

Net Margin

31st percentile

-7.9%

Higher net margin than 31% of similar nonprofits.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2024

Asset Growth

11th percentile

-6.5%

Faster asset growth than 11% of similar nonprofits.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-17%

Faster revenue growth than 20% of similar nonprofits.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$2,625,702

Up $1,318,951 (+101%) from 2024

Net Assets

Up

$1,777,185

Up $1,318,951 (+288%) from 2024

Liabilities

Flat

$848,517

Flat from 2024

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin31st percentile

Revenue

Flat

$808,839

Flat from 2024

Expenses

Down

$872,991

Down $91,317 (-9.5%) from 2024

Net Income

Up

-$64,152

Up $91,317 (+59%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2015: $2,687,295Liabilities 2015: $1,465,252Net Assets 2015: $1,222,0432015Assets 2016: $2,746,984Liabilities 2016: $1,376,003Net Assets 2016: $1,370,9812016Assets 2018: $2,733,877Liabilities 2018: $1,223,391Net Assets 2018: $1,510,4862018Assets 2019: $2,731,435Liabilities 2019: $1,147,700Net Assets 2019: $1,583,7352019Assets 2021: $2,686,632Liabilities 2021: $1,056,755Net Assets 2021: $1,629,8772021Assets 2022: $2,729,606Liabilities 2022: $988,496Net Assets 2022: $1,741,1102022Assets 2024: $2,625,702Liabilities 2024: $848,517Net Assets 2024: $1,777,1852024Assets 2024: $1,306,751Liabilities 2024: $848,517Net Assets 2024: $458,2342024

Highlighted filing

2024

Assets$2,625,702
Liabilities$848,517
Net Assets$1,777,185
Open 2024 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $615,654Expenses 2015: $521,884Net Income 2015: $93,7702015Revenue 2016: $649,738Expenses 2016: $500,800Net Income 2016: $148,9382016Revenue 2018: $719,932Expenses 2018: $620,582Net Income 2018: $99,3502018Revenue 2019: $827,883Expenses 2019: $754,634Net Income 2019: $73,2492019Revenue 2021: $663,728Expenses 2021: $612,752Net Income 2021: $50,9762021Revenue 2022: $874,599Expenses 2022: $763,366Net Income 2022: $111,2332022Revenue 2024: $808,839Expenses 2024: $872,991Net Income 2024: -$64,1522024Revenue 2024: $808,839Expenses 2024: $964,308Net Income 2024: -$155,4692024

Highlighted filing

2024

Revenue$808,839
Expenses$872,991
Net Income-$64,152
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 10, 2025
Return Version
2023v6.0
Gross Receipts
$808,839
Mission and Program Overview

Mission

Florida beta student aid fund owns and operates the fraternity house for the gamma xi chapter of beta theta pi at the university of florida.

Florida Beta Student Aid Fund owns and operates the fraternity house for the Gamma XI Chapter of Beta Theta Pi at the University of Florida in Gainesville, Florida.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,555,821$2,555,821→ $0
Savings and Temporary Cash Investments$52,725$39,031▼ $13,694
Cash and Non-Interest-Bearing Accounts$200,874$30,850▼ $170,024
Total Assets$2,809,420$2,625,702▼ $183,718
Liabilities
Mortgage Notes Payable Secured by Investment Property$965,213$843,088▼ $122,125
Accounts Payable and Accrued Expenses$2,870$5,429▲ $2,559
Total Liabilities$968,083$848,517▼ $119,566
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,841,337$1,777,185▼ $64,152
Total Net Assets Fund Balance$1,841,337$1,777,185▼ $64,152
Total Liabilities and Net Assets / Fund Balance$2,809,420$2,625,702▼ $183,718

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,515,701-$2,515,701
Equipment$40,120-$40,120
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Ben FowlePresident
John WebermeierVice President
Brad FortuneBoard Member
Dan FarmerBoard Member
Jake Silvola-FinchBoard Member
Michael RamosBoard Member
Michael ThompsonBoard Member
Stephen BeckerBoard Member
Trent TalbotBoard Member
Philip CianoSecretary
Hunter McTaggartTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$808,839
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-64,152
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$696,257
Salaries, Compensation, and Employee Benefits$163,198
Professional Fundraising Fees$13,536
Grants and Similar Amounts Paid$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$156,630
Other Salaries and Wages---$149,362
Payments to Affiliates---$120,756
Other Expenses$106,699--$106,699
Interest---$46,222
Payroll Taxes---$13,836
Fees for Services Professional Fundraising---$13,536
Information Technology---$8,780
Fees for Services Other---$5,880
Fees for Services Accounting---$5,275
Office Expenses---$3,252
Total Functional Expenses$0$0$0$872,991
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$13,536
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jarod RouchTreasurerBoard MemberBridge loan from Rouch Investment CoNo$56,652
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Committee meeting documentation Part VI line 8B

“There are no committees with authority to act on behalf of the governing body.”

Form 990 governing body review Part VI line 11

“The Form 990 is prepared with the assistance of an independent CPA. The Form 990 is reviewed by the Board President, who summarizes and reports the results to the Board after it is filed.”

Conflict of interest policy compliance Part VI line 12C

“There is no written conflict of interest policy but in the event of any identified conflict, the Board Member would recuse themselves from any official Board action (voting) and would leave the room during any such actions.”

Governing documents etc available to public Part VI line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Florida Beta Student Aid Fund
EIN
23-7366820
Address
PO Box 13451, Gainesville, FL 32604

Signing Officer

Name
Hunter McTaggart
Title
President
Phone
3523924734
Signed
2025-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Fowle
Formed
1971
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
11

Preparer

Firm
Kattell and Company PL
Address
808-B NW 16th Avenue, Gainesville, FL 32601
Preparer
Stephen H Kattell
Phone
3523956565
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Board Member Jarod Rouch is related to Cindy Rouch at Rouch Investment Company. The company is owned/operated by extended family members of both Jarod and Cindy Rouch. A $50,000 bridge loan was made from Rouch Investments Company to Florida Beta Student Aid Fund (FBSAF) in August 2023. The loan was used to cover operating expenses while dues were being collected from the chapter members. The loan was repaid in full with interest on 5/14/24.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared with the assistance of an independent CPA. The Form 990 is reviewed by the Board President, who summarizes and reports the results to the Board after it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There is no written conflict of interest policy but in the event of any identified conflict, the Board Member would recuse themselves from any official Board action (voting) and would leave the room during any such actions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02809420
IRS990/TotalAssetsEOYAmt02625702
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0872991
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0968083
IRS990/TotalLiabilitiesEOYAmt0848517
IRS990/TotalLiabilitiesGrp/BOYAmt0968083
IRS990/TotalLiabilitiesGrp/EOYAmt0848517
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01841337
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01777185
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0808839
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0808839
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0808839
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Hunter McTaggart
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03523924734
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Florida Beta Student Aid Fund
ReturnHeader/Filer/BusinessNameControlTxt0FLOR
ReturnHeader/Filer/EIN0237366820
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 13451
ReturnHeader/Filer/USAddress/CityNm0Gainesville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032604
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010822046
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kattell and Company PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0808-B NW 16th Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Gainesville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032601
ReturnHeader/PreparerPersonGrp/PhoneNum03523956565
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephen H Kattell
ReturnHeader/ReturnTs02025-01-28T12:37:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,625,702
Liabilities
$848,517
Net assets
$1,777,185
Revenue
$808,839
Expenses
$872,991
Net income
-$64,152
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.63$0.85$1.78$0.81$0.87$0.06
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.85$0.46$0.81$0.96$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.99$1.74$0.87$0.76$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$1.06$1.63$0.66$0.61$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.73$1.15$1.58$0.83$0.75$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$1.22$1.51$0.72$0.62$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$1.38$1.37$0.65$0.50$0.15
2015Detailed filing. Detailed filing data is available for this year.$2.69$1.47$1.22$0.62$0.52$0.09