Civic Intelligence

Beta Phi Foundation Inc.

990 • Fiscal year 2020 • EIN 35-1861547

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 24, 2021

Organization ProfileN/A
PO Box 2853West Lafayette, IN 47996-2853

(765) 463-2311

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

$783,583

No earlier filing loaded for comparison.

Net Assets

$783,583

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin96th percentile

Revenue

$117,518

No earlier filing loaded for comparison.

Expenses

$26,213

No earlier filing loaded for comparison.

Net Income

$91,305

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0Assets 2020: $783,583Liabilities 2020: $0Net Assets 2020: $783,5832020Assets 2021: $971,829Liabilities 2021: $0Net Assets 2021: $971,8292021Assets 2022: $839,703Liabilities 2022: $0Net Assets 2022: $839,7032022Assets 2023: $927,233Liabilities 2023: $0Net Assets 2023: $927,2332023Assets 2024: $1,044,285Liabilities 2024: $0Net Assets 2024: $1,044,2852024

Highlighted filing

2020

Assets$783,583
Liabilities$0
Net Assets$783,583
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0-$50KRevenue 2020: $117,518Expenses 2020: $26,213Net Income 2020: $91,3052020Revenue 2021: $85,805Expenses 2021: $50,069Net Income 2021: $35,7362021Revenue 2022: $83,779Expenses 2022: $68,118Net Income 2022: $15,6612022Revenue 2023: $58,977Expenses 2023: $71,402Net Income 2023: -$12,4252023Revenue 2024: $81,657Expenses 2024: $62,512Net Income 2024: $19,1452024

Highlighted filing

2020

Revenue$117,518
Expenses$26,213
Net Income$91,305
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 24, 2021
Return Version
2020v4.1
Gross Receipts
$154,647
Mission and Program Overview

Mission

To provide scholarships, grants and other finanicial aid to students of Purdue University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$617,269$783,583▲ $166,314
Investments in Publicly Traded Securities$581,832$744,413▲ $162,581
Cash and Non-Interest-Bearing Accounts$14,314$32,364▲ $18,050
Savings and Temporary Cash Investments$16,803$6,806▼ $9,997
Accounts Receivable$4,320--
Total Assets$617,269$783,583▲ $166,314
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$617,269$783,583▲ $166,314
Total Liabilities and Net Assets / Fund Balance$617,269$783,583▲ $166,314

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$88,070$121,426▲ $4,628-$213,924
2019$35,834$51,050▲ $2,586-$88,070
2018$36,921-▲ $1,830-$35,834
2017$39,534$1,000▲ $1,870-$36,921
2016$40,881$1,200▲ $2,000-$39,534
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Rich RussellChairman
Joe ContiPresident
Chuck RiceVice President
Bill KinderDirector
Kirk CernyDirector
Mike KristakisDirector
Mike WrightDirector
Tyler ViernowDirector
Rex MartinSecretary
Bruce PershingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$103,931
Program Service Revenue
$0
Investment Income
$13,587
Other Revenue
$0
Change in Net Assets
$91,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Professional Fundraising Fees$14,496
Total Fundraising Expense$14,496
Other Expenses$9,897
Grants and Similar Amounts Paid$1,820
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Professional Fundraising--$14,496$14,496
Fees for Services Accounting-$5,925-$5,925
Insurance-$2,180-$2,180
Grants to Domestic Orgs$1,820--$1,820
Office Expenses-$1,579-$1,579
Other Expenses-$25-$25
Total Functional Expenses$1,820$9,897$14,496$26,213
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$14,496
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The foundation has members.”

Member election for additional members Part VI line 7A

“The organizations members elect the members of the governing body.”

Governing body decisions Part VI line 7B

“During the member meetings items come before the governing body and are voted on.”

Form 990 governing body review Part VI line 11

“The completed form is distributed to all the organzations directors for their review and input prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“Each matter coming before the organizations directors is reviewed by all the directors to address. If any conflicts exists the director involved would be excused from the discussion and decision.”

Governing documents etc available to public Part VI line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Beta Phi Foundation Inc
EIN
35-1861547
Address
PO Box 2853, West Lafayette, IN 47996-2853

Signing Officer

Name
Bruce L Pershing
Title
Treasurer
Phone
7654632311
Signed
2021-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Conti
Formed
1992
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
15

Preparer

Firm
Jennifer Pershing LLC
Address
PO Box 2853, West Lafayette, IN 47996
Preparer
Jennifer Pershing
Phone
3174501939
Supplemental Narrative

Financial Statement Notes

Endowment funds intended uses (Part V, line 4)

“Endowments have been established to provide academic support and merit-based scholarships to students attending Purdue University.”

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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01000
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01870
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01200
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowments have been established to provide academic support and merit-based scholarships to students attending Purdue University.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Endowment funds intended uses (Part V, line 4)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The foundation has members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organizations members elect the members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2During the member meetings items come before the governing body and are voted on.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The completed form is distributed to all the organzations directors for their review and input prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Each matter coming before the organizations directors is reviewed by all the directors to address. If any conflicts exists the director involved would be excused from the discussion and decision.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09897
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01820
IRS990/TotalFunctionalExpensesGrp/TotalAmt026213
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Bruce L Pershing
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07654632311
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Beta Phi Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0BETA
ReturnHeader/Filer/EIN0351861547
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 2853
ReturnHeader/Filer/USAddress/CityNm0West Lafayette
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd0479962853
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0833314242
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jennifer Pershing LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 2853
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Lafayette
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047996
ReturnHeader/PreparerPersonGrp/PhoneNum03174501939
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-29

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$783,583
Liabilities
$0
Net assets
$783,583
Revenue
$117,518
Expenses
$26,213
Net income
$91,305
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.08$0.06$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.06$0.07$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.08$0.07$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.09$0.05$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.12$0.03$0.09