Civic Intelligence

The Beta Foundation

990 • Fiscal year 2016 • EIN 45-3019142

Sep 01, 2015 to Aug 31, 2016 • Filed on Jul 11, 2017

Organization ProfileWWW.BETAACADEMY.ORG
9701 Almeda Genoa RdHouston, TX 77075

(832) 331-2460

Siviq Scores

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

Liabilities / Assets

56th percentile

0.15x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

34th percentile

0.05x

Higher debt load relative to revenue than 34% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

81st percentile

21%

Higher net margin than 81% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

96th percentile

97%

Faster asset growth than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

441%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$1,342,606

Up $661,216 (+97%) from 2015

Net Assets

Up

$1,142,566

Up $894,357 (+360%) from 2015

Liabilities

Down

$200,040

Down $233,141 (-54%) from 2015

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin81st percentile

Revenue

Up

$4,326,006

Up $3,527,006 (+441%) from 2015

Expenses

Up

$3,419,921

Up $2,864,921 (+516%) from 2015

Net Income

Up

$906,085

Up $662,085 (+271%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$60M$40M$20M$0Assets 2015: $681,390Liabilities 2015: $433,181Net Assets 2015: $248,2092015Assets 2016: $1,342,606Liabilities 2016: $200,040Net Assets 2016: $1,142,5662016Assets 2017: $1,939,443Liabilities 2017: $336,613Net Assets 2017: $1,602,8302017Assets 2018: $2,566,302Liabilities 2018: $455,442Net Assets 2018: $2,110,8602018Assets 2019: $10,720,897Liabilities 2019: $6,297,542Net Assets 2019: $4,423,3552019Assets 2020: $33,565,118Liabilities 2020: $24,695,176Net Assets 2020: $8,869,9422020Assets 2021: $35,112,559Liabilities 2021: $23,635,698Net Assets 2021: $11,476,8612021Assets 2022: $36,457,126Liabilities 2022: $23,102,816Net Assets 2022: $13,354,3102022Assets 2023: $41,391,412Liabilities 2023: $23,762,280Net Assets 2023: $17,629,1322023Assets 2024: $58,696,344Liabilities 2024: $38,458,473Net Assets 2024: $20,237,8712024

Highlighted filing

2016

Assets$1,342,606
Liabilities$200,040
Net Assets$1,142,566
Open 2016 Filing

Operations Trend

Revenue Growth98th percentile

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

$30M$20M$10M$0Revenue 2015: $799,000Expenses 2015: $555,000Net Income 2015: $244,0002015Revenue 2016: $4,326,006Expenses 2016: $3,419,921Net Income 2016: $906,0852016Revenue 2017: $4,721,235Expenses 2017: $4,260,971Net Income 2017: $460,2642017Revenue 2018: $5,504,257Expenses 2018: $4,996,227Net Income 2018: $508,0302018Revenue 2019: $8,168,671Expenses 2019: $5,736,759Net Income 2019: $2,431,9122019Revenue 2020: $13,881,319Expenses 2020: $9,434,734Net Income 2020: $4,446,5852020Revenue 2021: $15,008,455Expenses 2021: $12,401,536Net Income 2021: $2,606,9192021Revenue 2022: $15,616,829Expenses 2022: $13,739,380Net Income 2022: $1,877,4492022Revenue 2023: $19,945,262Expenses 2023: $15,670,440Net Income 2023: $4,274,8222023Revenue 2024: $23,175,831Expenses 2024: $20,567,092Net Income 2024: $2,608,7392024

Highlighted filing

2016

Revenue$4,326,006
Expenses$3,419,921
Net Income$906,085
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jul 11, 2017
Return Version
2015v3.0
Gross Receipts
$4,326,006
Mission and Program Overview

Mission

The fundamental mission and purpose of beta foundation is to create a school with an environment of hope that not only nurtures, but challenges students to become successful academically and in life. We exist to help families find the best educational fit for their children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$269,670$677,169▲ $407,499
Land, Buildings, and Equipment, Net$274,937$435,453▲ $160,516
Prepaid Expenses and Deferred Charges$0$6,574▲ $6,574
Total Assets$641,825$1,342,606▲ $700,781
Other Assets Total$97,218$223,410▲ $126,192
Liabilities
Accounts Payable and Accrued Expenses$335,844$200,040▼ $135,804
Unsecured Notes Loans Payable$69,500$0▼ $69,500
Total Liabilities$405,344$200,040▼ $205,304
Net Assets / Fund Balance
Temporarily Rstr Net Assets$274,937$1,099,893▲ $824,956
Unrestricted Net Assets$-38,456$42,673▲ $81,129
Total Net Assets Fund Balance$236,481$1,142,566▲ $906,085
Total Liabilities and Net Assets / Fund Balance$641,825$1,342,606▲ $700,781

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$435,453$82,318$517,771
Other Assets Org$223,410--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Latisha D AndrewsCEO/superintendentFT$58,578$81$58,659

Board Members and Trustees

NameTitle
Teresa SonesPresident
Tim KingVice President & Treasurer
Anita ArcherSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$307,641
Program Service Revenue
$4,018,365
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,446
Change in Net Assets
$906,085

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,326,006
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,326,006
Total Revenue per Form 990
$4,326,006
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,999,375
Other Expenses$1,420,546
Total Fundraising Expense$16,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,594,230$119,996-$1,714,226
Occupancy$390,625--$390,625
Fees for Services Other$141,778$180,022-$321,800
Office Expenses$163,594--$163,594
Other Employee Benefits$144,245$10,857-$155,102
Current Officers, Directors, Trustees, and Key Employees$96,870$7,291-$104,161
Information Technology$83,786$2,705-$86,491
Depreciation Depletion$82,319--$82,319
Other Expenses$35,437$12,920$9,648$48,357
Insurance$7,015$20,105-$27,120
Payroll Taxes$24,040$1,846-$25,886
Travel$18,114$4,891-$23,005
Interest$7,100--$7,100
Total Functional Expenses$3,015,145$387,906$16,870$3,419,921

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,419,921
Total Expenses per Audited Statements$3,419,921
Total Expenses per Form 990$3,419,921
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Audit committee
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“The federal form 990 is presented to the governing board for review. After approved, the form is submitted to the internal revenue service.”

Form 990, Part VI, Section B, line 15

“The process for determining compensation of the organization's officers and/or key employees include a review and approval by the board, comparability data from the legal team and contemporaneous substantiation of all relevant details of the deliberation and decision.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Beta Foundation
EIN
45-3019142
Phone
8323312460
Address
9701 ALMEDA GENOA RD, HOUSTON, TX 77075

Signing Officer

Name
Latisha Andrews
Title
CEO/superintendent
Phone
8323312460
Signed
2017-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Latisha Andrews
Formed
2011
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
64
Volunteers
0

Preparer

Firm
Randy Walker & Co
Address
7800 IH 10 West Ste 505, San Antonio, TX 78230
Preparer
Randy L Walker CPA
Phone
2103669430
Supplemental Narrative

Additional Explanations

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

“The beta foundation 9701 almeda genoa rd houston, tx 77075 employer identification number: 45-3019142 for the year ending august 31, 2016 the beta foundation is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”

Form 990, Part XII, Line 2C

“The organization's process for assuming responsibility for oversight of the audit, review, or compilation of its financial statements and the selection of an independent auditor have not changed from the prior year.”

Raw XML Appendix383 raw XML fields

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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IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAKES ITS RACIALLY NONDISCRIMINATORY POLICY KNOWN TO ALL STUDENTS THROUGH ITS REGISTRATION PROCEDURES, PARENT SCHOLAR HANDBOOK AND THROUGH ITS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE MAJORITY OF THE MONIES RECEIVED BY THE SCHOOL ARE EITHER STATE GRANT OR FEDERAL PROGRAM FUNDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BETA FOUNDATION 9701 ALMEDA GENOA RD HOUSTON, TX 77075 EMPLOYER IDENTIFICATION NUMBER: 45-3019142 FOR THE YEAR ENDING AUGUST 31, 2016 THE BETA FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FEDERAL FORM 990 IS PRESENTED TO THE GOVERNING BOARD FOR REVIEW. AFTER APPROVED, THE FORM IS SUBMITTED TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS AND/OR KEY EMPLOYEES INCLUDE A REVIEW AND APPROVAL BY THE BOARD, COMPARABILITY DATA FROM THE LEGAL TEAM AND CONTEMPORANEOUS SUBSTANTIATION OF ALL RELEVANT DETAILS OF THE DELIBERATION AND DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0274937
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01099893
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0641825
IRS990/TotalAssetsEOYAmt01342606
IRS990/TotalAssetsGrp/BOYAmt0641825
IRS990/TotalAssetsGrp/EOYAmt01342606
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0307641
IRS990/TotalEmployeeCnt064
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016870
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0387906
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03015145
IRS990/TotalFunctionalExpensesGrp/TotalAmt03419921
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0405344
IRS990/TotalLiabilitiesEOYAmt0200040
IRS990/TotalLiabilitiesGrp/BOYAmt0405344
IRS990/TotalLiabilitiesGrp/EOYAmt0200040
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0236481
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01142566
IRS990/TotalOtherCompensationAmt081
IRS990/TotalProgramServiceExpensesAmt03015145
IRS990/TotalProgramServiceRevenueAmt04018365
IRS990/TotalReportableCompFromOrgAmt058578
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04018365
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04326006
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0641825
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01342606
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt04891
IRS990/TravelGrp/ProgramServicesAmt018114
IRS990/TravelGrp/TotalAmt023005
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-38456
IRS990/UnrestrictedNetAssetsGrp/EOYAmt042673
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt069500
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09701 ALMEDA GENOA RD
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077075
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.BETAACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LATISHA ANDREWS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08323312460
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BETA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BETA
ReturnHeader/Filer/EIN0453019142
ReturnHeader/Filer/PhoneNum08323312460
ReturnHeader/Filer/USAddress/AddressLine1Txt09701 ALMEDA GENOA RD
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077075
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203992693
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RANDY WALKER & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07800 IH 10 West Ste 505
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Antonio
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078230
ReturnHeader/PreparerPersonGrp/PhoneNum02103669430
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Randy L Walker CPA
ReturnHeader/ReturnTs02017-07-13T13:49:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,342,606
Liabilities
$200,040
Net assets
$1,142,566
Revenue
$4,326,006
Expenses
$3,419,921
Net income
$906,085
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$58.7$38.5$20.2$23.2$20.6$2.61
2023Detailed filing. Detailed filing data is available for this year.$41.4$23.8$17.6$19.9$15.7$4.27
2022Detailed filing. Detailed filing data is available for this year.$36.5$23.1$13.4$15.6$13.7$1.88
2021Detailed filing. Detailed filing data is available for this year.$35.1$23.6$11.5$15.0$12.4$2.61
2020Detailed filing. Detailed filing data is available for this year.$33.6$24.7$8.87$13.9$9.43$4.45
2019Detailed filing. Detailed filing data is available for this year.$10.7$6.30$4.42$8.17$5.74$2.43
2018Detailed filing. Detailed filing data is available for this year.$2.57$0.46$2.11$5.50$5.00$0.51
2017Detailed filing. Detailed filing data is available for this year.$1.94$0.34$1.60$4.72$4.26$0.46
2016Detailed filing. Detailed filing data is available for this year.$1.34$0.20$1.14$4.33$3.42$0.91
2015Summary only. Only limited summary data is available for this year.$0.68$0.43$0.25$0.80$0.56$0.24