Civic Intelligence

The Beta Foundation

990 • Fiscal year 2018 • EIN 45-3019142

Sep 01, 2017 to Aug 31, 2018 • Filed on Jul 12, 2019

9701 Almeda Genoa RdHouston, TX 77075

(832) 331-2460

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$2,566,302

Up $626,859 (+32%) from 2017

Net Assets

Up

$2,110,860

Up $508,030 (+32%) from 2017

Liabilities

Up

$455,442

Up $118,829 (+35%) from 2017

Revenue And Expenses

Revenue

Up

$5,504,257

Up $783,022 (+17%) from 2017

Expenses

Up

$4,996,227

Up $735,256 (+17%) from 2017

Net Income

Up

$508,030

Up $47,766 (+10%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$2,566,302
Liabilities$455,442
Net Assets$2,110,860

Operations Trend

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

2018

Revenue$5,504,257
Expenses$4,996,227
Net Income$508,030
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jul 12, 2019
Return Version
2017v2.3
Gross Receipts
$5,504,257
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
Savings and Temporary Cash Investments$1,106,974$1,435,143▲ $328,169
Land, Buildings, and Equipment, Net$432,978$408,226▼ $24,752
Cash and Non-Interest-Bearing Accounts$185,840$310,880▲ $125,040
Prepaid Expenses and Deferred Charges$97,479$129,343▲ $31,864
Total Assets$1,939,443$2,566,302▲ $626,859
Other Assets Total$116,172$282,710▲ $166,538
Liabilities
Accounts Payable and Accrued Expenses$336,263$455,442▲ $119,179
Deferred Revenue$350$0▼ $350
Total Liabilities$336,613$455,442▲ $118,829
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,512,131$1,853,848▲ $341,717
Unrestricted Net Assets$90,699$257,012▲ $166,313
Total Net Assets Fund Balance$1,602,830$2,110,860▲ $508,030
Total Liabilities and Net Assets / Fund Balance$1,939,443$2,566,302▲ $626,859

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$302,420$377,156$679,576
Other Land Buildings$66,294-$66,294
Leasehold Improvements$39,512$14,334$53,846
Other Assets Org$282,710--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Latisha D AndrewsCEO/superintendentFT$99,708$2,923$102,631
Martha SmithChief Business OfficerFT$62,906$180$63,086

Board Members and Trustees

NameTitle
Teresa SonesPresident
Tim KingVice President & Treasurer
Jan SaundersDirector
Anita ArcherSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Charter School SuccessAccounting Services7 PARK LANE, Galveston, TX 77551$176,895
Revenue and Support

Revenue Composition

Contributions and Grants
$446,129
Program Service Revenue
$5,053,045
Investment Income
$749
Other Revenue
$4,334
All Other Contributions
$10,874
Change in Net Assets
$508,030

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,504,257
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,504,257
Total Revenue per Form 990
$5,504,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,239,692
Other Expenses$1,756,535
Total Fundraising Expense$40,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,103,092$610,821$5,096$2,719,009
Occupancy$348,734$109,426-$458,160
Fees for Services Other$280,869$89,939-$370,808
Other Employee Benefits$230,837$53,808$191$284,836
Current Officers, Directors, Trustees, and Key Employees$150,615$42,881$1,955$195,451
Depreciation Depletion$134,605$31,871-$166,476
Travel$51,986$10,699-$62,685
Other Expenses$36,475$13,593$32,050$50,068
Information Technology$35,156$14,096-$49,252
All Other Expenses$34,061$10,719$817$45,597
Payroll Taxes$31,675$8,018$703$40,396
Office Expenses$18,377$10,491-$28,868
Insurance-$23,171-$23,171
Total Functional Expenses$3,882,190$1,073,225$40,812$4,996,227

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,996,227
Total Expenses per Audited Statements$4,996,227
Total Expenses per Form 990$4,996,227
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jennifer Raquel SartorFamily Member of Current OfficerEmployee WagesNo$78,173
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
Yes
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 A, Line 2

Latisha, ceo/superintendent and martha, chief business officer have a family relation.

Form 990, Part VI, Section B, Line 11B

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 12C

All invoices and/or contracts are reviewed for any conflicts of interest prior to signature/payment. Conflict of interest reports are kept in vendor file and reported to the governing board.

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
SUPERINTENDENT\CEO
Phone
8323312460
Signed
2019-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Latisha Andrews
Formed
2011
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
121
Volunteers
3

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, 2018 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.

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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0502014
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0241
IRS990/PYOtherExpensesAmt01698202
IRS990/PYOtherRevenueAmt04567
IRS990/PYProgramServiceRevenueAmt04214413
IRS990/PYRevenuesLessExpensesAmt0460264
IRS990/PYSalariesCompEmpBnftPaidAmt02562769
IRS990/PYTotalExpensesAmt04260971
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04721235
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0508030
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt04334
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05053045
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01106974
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01435143
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0302420
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0377156
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0679576
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04996227
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt039512
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014334
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt053846
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0282710
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM TEXAS EDUCATION AGENCY [TEA]
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt066294
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt066294
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05504257
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0408226
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0282710
IRS990ScheduleD/TotalExpensesPerForm990Amt04996227
IRS990ScheduleD/TotalRevenuePerForm990Amt05504257
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05504257
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04996227
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
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
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JENNIFER RAQUEL SARTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY MEMBER OF CURRENT OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt078173
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EMPLOYEE WAGES
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, 2018 THE BETA FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LATISHA, CEO/SUPERINTENDENT AND MARTHA, CHIEF BUSINESS OFFICER HAVE A FAMILY RELATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FEDERAL FORM 990 IS PRESENTED TO THE GOVERNING BOARD FOR REVIEW. AFTER APPROVED, THE FORM IS SUBMITTED TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL INVOICES AND/OR CONTRACTS ARE REVIEWED FOR ANY CONFLICTS OF INTEREST PRIOR TO SIGNATURE/PAYMENT. CONFLICT OF INTEREST REPORTS ARE KEPT IN VENDOR FILE AND REPORTED TO THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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 A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01512131
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01853848
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01939443
IRS990/TotalAssetsEOYAmt02566302
IRS990/TotalAssetsGrp/BOYAmt01939443
IRS990/TotalAssetsGrp/EOYAmt02566302
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0446129
IRS990/TotalEmployeeCnt0121
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt040812
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01073225
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03882190
IRS990/TotalFunctionalExpensesGrp/TotalAmt04996227
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0336613
IRS990/TotalLiabilitiesEOYAmt0455442
IRS990/TotalLiabilitiesGrp/BOYAmt0336613
IRS990/TotalLiabilitiesGrp/EOYAmt0455442
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01602830
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02110860
IRS990/TotalOtherCompensationAmt03103
IRS990/TotalProgramServiceExpensesAmt03882190
IRS990/TotalProgramServiceRevenueAmt05053045
IRS990/TotalReportableCompFromOrgAmt0162614
IRS990/TotalRevenueGrp/ExclusionAmt05083
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05053045
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05504257
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01939443
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02566302
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt010699
IRS990/TravelGrp/ProgramServicesAmt051986
IRS990/TravelGrp/TotalAmt062685
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt090699
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0257012
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09701 ALMEDA GENOA RD

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