Civic Intelligence

The Beta Foundation

990 • Fiscal year 2019 • EIN 45-3019142

Sep 01, 2018 to Aug 31, 2019 • Filed on Jul 01, 2020

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

78th percentile

0.59x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

0.77x

Higher debt load relative to revenue than 76% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

28th percentile

$118,016

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

99th percentile

318%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

48%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$10,720,897

Up $8,154,595 (+318%) from 2018

Net Assets

Up

$4,423,355

Up $2,312,495 (+110%) from 2018

Liabilities

Up

$6,297,542

Up $5,842,100 (+1283%) from 2018

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin84th percentile

Revenue

Up

$8,168,671

Up $2,664,414 (+48%) from 2018

Expenses

Up

$5,736,759

Up $740,532 (+15%) from 2018

Net Income

Up

$2,431,912

Up $1,923,882 (+379%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth99th 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

2019

Assets$10,720,897
Liabilities$6,297,542
Net Assets$4,423,355
Open 2019 Filing

Operations Trend

Revenue Growth89th 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

2019

Revenue$8,168,671
Expenses$5,736,759
Net Income$2,431,912
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jul 1, 2020
Return Version
2018v3.2
Gross Receipts
$8,168,671
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
Land, Buildings, and Equipment, Net$408,226$5,062,885▲ $4,654,659
Savings and Temporary Cash Investments$1,435,143$3,057,642▲ $1,622,499
Investments in Publicly Traded Securities$0$1,937,646▲ $1,937,646
Cash and Non-Interest-Bearing Accounts$310,880$0▼ $310,880
Prepaid Expenses and Deferred Charges$129,343$224,934▲ $95,591
Total Assets$2,566,302$10,720,897▲ $8,154,595
Other Assets Total$282,710$437,790▲ $155,080
Liabilities
Tax Exempt Bond Liabilities$0$5,437,136▲ $5,437,136
Accounts Payable and Accrued Expenses$455,442$455,406▼ $36
Other Liabilities$0$405,000▲ $405,000
Total Liabilities$455,442$6,297,542▲ $5,842,100
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,853,848$4,095,969▲ $2,242,121
Unrestricted Net Assets$257,012$327,386▲ $70,374
Total Net Assets Fund Balance$2,110,860$4,423,355▲ $2,312,495
Total Liabilities and Net Assets / Fund Balance$2,566,302$10,720,897▲ $8,154,595

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,868,744-$1,868,744
Buildings$1,619,825$1,600$1,621,425
Equipment$350,131$503,783$853,914
Leasehold Improvements$723,485$21,396$744,881
Other Land Buildings$500,700-$500,700
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Latisha D AndrewsCEO/superintendentFT$100,572$17,444$118,016
Martha SmithChief Business OfficerFT$73,901$1,543$75,444

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Scholastic Solutions LLCAccounting ServicesPO BOX 598, Boerne, TX 78006$124,450
Revenue and Support

Revenue Composition

Contributions and Grants
$1,797,280
Program Service Revenue
$6,290,021
Investment Income
$75,772
Other Revenue
$5,598
All Other Contributions
$1,303,371
Change in Net Assets
$2,431,912

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,168,671
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,168,671
Total Revenue per Form 990
$8,168,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,331,515
Other Expenses$2,405,244
Total Fundraising Expense$29,268
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,379,876$499,326$5,057$2,884,259
Fees for Services Other$214,519$327,699$6,500$548,718
Occupancy$403,488$77,204-$480,692
Interest$206,289$51,572-$257,861
Current Officers, Directors, Trustees, and Key Employees$176,475$35,640$347$212,462
Other Employee Benefits$168,358$22,088$96$190,542
Depreciation Depletion$99,594$47,306-$146,900
Travel$85,598$25,936-$111,534
Other Expenses$62,002$21,346$6,016$89,364
Information Technology$26,425$47,075-$73,500
Payroll Taxes$37,319$6,866$67$44,252
Insurance$27,249$6,812-$34,061
All Other Expenses$30,912$800-$31,712
Office Expenses$18,496$9,302-$27,798
Total Functional Expenses$4,474,659$1,232,832$29,268$5,736,759

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,736,759
Total Expenses per Audited Statements$5,736,759
Total Expenses per Form 990$5,736,759
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$85,040
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bonds Payable$405,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANew Hope Cultural Education Facilities Finance Corporation2018-12-18$5,890,000EXPANSION OF MAIN CAMPUS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,922,427$73,625-$39,175

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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
2020-07-01
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
90
Volunteers
4

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, 2019 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 AppendixShowing 400 of 505 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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IRS990/OtherExpensesGrp/Desc0GENERAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc2FOOD EXPENSE
IRS990/OtherExpensesGrp/Desc3MISC. OPERATING COSTS
IRS990/OtherExpensesGrp/FundraisingAmt011185
IRS990/OtherExpensesGrp/FundraisingAmt16016
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012801
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt141059
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt221346
IRS990/OtherExpensesGrp/ProgramServicesAmt0231194
IRS990/OtherExpensesGrp/ProgramServicesAmt1164238
IRS990/OtherExpensesGrp/ProgramServicesAmt2142627
IRS990/OtherExpensesGrp/ProgramServicesAmt362002
IRS990/OtherExpensesGrp/TotalAmt0255180
IRS990/OtherExpensesGrp/TotalAmt1205297
IRS990/OtherExpensesGrp/TotalAmt2142627
IRS990/OtherExpensesGrp/TotalAmt389364
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0405000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05057
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0499326
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02379876
IRS990/OtherSalariesAndWagesGrp/TotalAmt02884259
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt067
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06866
IRS990/PayrollTaxesGrp/ProgramServicesAmt037319
IRS990/PayrollTaxesGrp/TotalAmt044252
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0129343
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0224934
IRS990/PrincipalOfficerNm0LATISHA ANDREWS
IRS990/PriorPeriodAdjustmentsAmt0-119417
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0STATE EQUALIZATION
IRS990/ProgramServiceRevenueGrp/Desc1CO-CURRICULAR OTHER RE
IRS990/ProgramServiceRevenueGrp/Desc2FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3ENTERPRISING SVC REVEN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06146557
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt176089
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt246209
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt321166
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06146557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt176089
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt246209
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt321166
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0446129
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0749
IRS990/PYOtherExpensesAmt01756535
IRS990/PYOtherRevenueAmt04334
IRS990/PYProgramServiceRevenueAmt05053045
IRS990/PYRevenuesLessExpensesAmt0508030
IRS990/PYSalariesCompEmpBnftPaidAmt03239692
IRS990/PYTotalExpensesAmt04996227
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05504257
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02431912
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05598
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06290021
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01435143
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03057642
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01619825
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01600
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01621425
IRS990ScheduleD/EquipmentGrp/BookValueAmt0350131
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0503783
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0853914
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05736759
IRS990ScheduleD/LandGrp/BookValueAmt01868744
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01868744
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0723485
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt021396
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0744881
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0500700
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0500700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0405000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BONDS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08168671
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05062885
IRS990ScheduleD/TotalExpensesPerForm990Amt05736759
IRS990ScheduleD/TotalLiabilityAmt0405000
IRS990ScheduleD/TotalRevenuePerForm990Amt08168671
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08168671
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05736759
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
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0CUSIP NUMBERS: 64542QAZ6 - ISSUE PRICE: $635,000 TOTAL PROCEEDS OF ISSUE: $638,822 64542QBA0 - ISSUE PRICE: $1,915,000 TOTAL PROCEEDS OF ISSUE: $1,926,337 64542QBB8 - ISSUE PRICE: $3,340,000 TOTAL PROCEEDS OF ISSUE: $3,357,268
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K, PART I, COLUMN (C)
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02018-12-18
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261604618
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum064542QBB8
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt05890000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0EXPANSION OF MAIN CAMPUS
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0425130
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt039175
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt073625
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt05922427
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt03475000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/WorkingCapitalExpendituresAmt084497
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JENNIFER RAQUEL SARTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY MEMBER OF CURRENT OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt085040
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, 2019 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.

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,720,897
Liabilities
$6,297,542
Net assets
$4,423,355
Revenue
$8,168,671
Expenses
$5,736,759
Net income
$2,431,912
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
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