Civic Intelligence

Texas Beta Educational Fund

990 • Fiscal year 2021 • EIN 86-3660081

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 08, 2022

Organization Profile
PO Box 3285Estes Park, CO 80517

(512) 731-4746

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

$491,682

No earlier filing loaded for comparison.

Net Assets

$491,682

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin100th percentile

Revenue

$491,682

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$491,682

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.

$600K$400K$200K$0Assets 2021: $491,682Liabilities 2021: $0Net Assets 2021: $491,6822021Assets 2022: $468,995Liabilities 2022: $0Net Assets 2022: $468,9952022

Highlighted filing

2021

Assets$491,682
Liabilities$0
Net Assets$491,682
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2021: $491,682Expenses 2021: $0Net Income 2021: $491,6822021Revenue 2022: $0Expenses 2022: $22,687Net Income 2022: -$22,6872022

Highlighted filing

2021

Revenue$491,682
Expenses$0
Net Income$491,682
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 8, 2022
Return Version
2021v4.1
Gross Receipts
$491,682
Mission and Program Overview

Mission

The Texas Beta Educational Fund supports students at the University of Texas with academic scholarships. Recipients are selected by the Board ofDirectors based upon academic achievement or financial need or to support attendance at educational conferences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$440,950-
Cash and Non-Interest-Bearing Accounts-$50,732-
Total Assets$0$491,682▲ $491,682
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$491,682-
Total Net Assets Fund Balance$0$491,682▲ $491,682
Total Liabilities and Net Assets / Fund Balance$0$491,682▲ $491,682
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Gregg W YoungPresident
Don RobertsVice President
Michael HarrisVice President and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$490,732
Program Service Revenue
$0
Investment Income
$950
Other Revenue
$0
Change in Net Assets
$491,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The Board of Directors reviewed and approved the Form 990 prior to filing the return.”

Governing documents etc available to public Part VI line 19

“Governing documents are available upon request to the organizations Treasurer.”

Filing and Contact Details

Filer

Filer Name
Texas Beta Educational Fund
EIN
86-3660081
Address
PO Box 3285, Estes Park, CO 80517

Signing Officer

Name
Michael Harris
Title
Treasurer
Phone
5127314746
Signed
2022-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregg W Young Director
Formed
2021
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Harris and Company LLC
Address
PO Box 3285, Estes Park, CO 80517
Preparer
Michael Harris CPA
Phone
5127314746
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ReturnHeader/Filer/USAddress/ZIPCd080517
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ReturnHeader/PreparerPersonGrp/PhoneNum05127314746
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Harris CPA
ReturnHeader/ReturnTs02022-03-09T10:40:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Michael
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Harris
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$491,682
Liabilities
$0
Net assets
$491,682
Revenue
$491,682
Expenses
$0
Net income
$491,682
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$4.69$0.00$4.69$0.00$0.23$0.23
2021Detailed filing. Detailed filing data is available for this year.$4.92$0.00$4.92$4.92$0.00$4.92