Civic Intelligence

Beta Academy Support Corporation

EIN 99-0553302 • 501(c)3 • Houston, TX

NTEE B11

Profile

Operates exclusively for the benefit of, to perform the function of, and/or to carry out the purposes of the beta foundation.

10929 Almeda Genoa RoadHouston, TX 77034

n/A

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$38,092,598

No earlier filing loaded for comparison.

Liabilities

$35,992,711

No earlier filing loaded for comparison.

Net Assets

$2,099,887

No earlier filing loaded for comparison.

Operations

Revenue

$2,099,887

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$2,099,887

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2024: $38,092,598Liabilities 2024: $35,992,711Net Assets 2024: $2,099,8872024

Highlighted filing

2024

Assets$38,092,598
Liabilities$35,992,711
Net Assets$2,099,887

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2024: $2,099,887Expenses 2024: $0Net Income 2024: $2,099,8872024

Highlighted filing

2024

Revenue$2,099,887
Expenses$0
Net Income$2,099,887

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$38.1$36.0$2.10$2.10$0.00$2.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 28, 2023 to Aug 31, 2024
Signed
Apr 1, 2025
Return Version
2023v6.0
Gross Receipts
$2,099,887
Mission and Program Overview

Mission

Operates exclusively for the benefit of, to perform the function of, and/or to carry out the purposes of the beta foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$28,067,414-
Land, Buildings, and Equipment, Net$0$8,921,797▲ $8,921,797
Cash and Non-Interest-Bearing Accounts-$1,086,137-
Prepaid Expenses and Deferred Charges-$17,250-
Total Assets$0$38,092,598▲ $38,092,598
Liabilities
Mortgage Notes Payable Secured by Investment Property-$33,755,000-
Accounts Payable and Accrued Expenses-$2,237,711-
Total Liabilities$0$35,992,711▲ $35,992,711
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$1,961,382-
Net Assets Without Donor Restrictions-$138,505-
Total Net Assets Fund Balance$0$2,099,887▲ $2,099,887
Total Liabilities and Net Assets / Fund Balance$0$38,092,598▲ $38,092,598

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,751,152-$5,751,152
Land$3,170,645-$3,170,645
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kendra HamptonTreasurer$116,228$116,228
Helen AbernathyDirector$108,938$108,938
Alex BenitezSecretary$76,080$76,080

Board Members and Trustees

NameTitle
Carlos PerezChair
Revenue and Support

Revenue Composition

Contributions and Grants
$1,961,382
Program Service Revenue
$0
Investment Income
$136,694
Other Revenue
$1,811
Change in Net Assets
$2,099,887

Audited Revenue Reconciliation

Revenue per Audited Statements
$136,694
Revenue Not Reported on Financial Statements
$1,963,193
Revenue Not Reported on Form 990
$23,175,831
Other Revenue Adjustments
$1,963,193
Total Revenue per Audited Statements
$23,312,525
Total Revenue per Form 990
$2,099,887
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

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$20,567,092
Total Expenses per Audited Statements$18,603,899
Expenses Not Reported on Financial Statements$1,963,193
Other Expense Adjustments$1,963,193
Total Expenses per Form 990$0
Expenses per Audited Statements$-1,963,193
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
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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 C, Line 19

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

FORM 990, PART VI, SECTION B, LINE 13 & 14:

Beta academy support corporation follows the whistleblower and retention policies of the beta foundation.

Filing and Contact Details

Filer

Filer Name
Beta Academy Support Corporation
EIN
99-0553302
Phone
3124914460
Address
10929 ALMEDA GENOA ROAD, HOUSTON, TX 77034

Signing Officer

Name
Carlos Perez
Title
Chair
Phone
3124914460
Signed
2025-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlos Perez
Formed
2023
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
1

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 support corporation 10929 almeda genoa road houston, tx 77034 employer identification number: 99-0553302 for the short year from december 28, 2023 through august 31, 2024 the beta foundation support corporation 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.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Activity from the beta foundation [ein: 45-3019142] 23,175,831.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Eliminations for financial statement purposes, not for tax 1,963,193.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Activity from the beta foundation [ein: 45-3019142] 20,567,092.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Eliminations for financial statement purposes, not for tax 1,963,193.

SCHEDULE D, PARTS XI AND XII:

The beta foundation dba beta academy (the school) is a 501(c)(3) not-for-profit organization incorporated under the laws of the state of texas. The school is organized to educate, train, and prepare individuals to function well in society and to provide education opportunities and experiences. The school owns and operates an open-enrollment charter school as provided under the texas education code for the benefit of students in texas, providing such students with educational opportunities and programs as it deems appropriate to further its tax-exempt purpose. Beta academy has been open for enrollment since the academic year 2015-2016. As of august 31, 2024, the school operates two campuses located in houston, texas. Since the school receives funding from local, state, and federal government sources, it must comply with the requirements of the entities providing those funds. Beta academy support corporation (the corporation) was organized in 2023 as a 501(c)(3) non-profit corporation and operates exclusively for the benefit of, to perform the function of, and/or to carry out the purposes of the school. The corporation serves as the leverage lender for the new market tax credit (nmtc) financing of the hartsook campus project. The corporation is a qualified active low income community business that manages the construction and owns the building. The corporation's board of directors is comprised of five members which includes three of the school's board members, officers, or employees. The consolidated financial statements as of august 31, 2024 include the financial statements of the school and the corporation (collectively, the organization). Intercompany transactions and balances have been eliminated in the consolidation.

Raw XML Appendix367 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02237711
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND/OR TO CARRY OUT THE PURPOSES OF THE BETA FOUNDATION.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0MARTHA L SMITH
IRS990/BooksInCareOfDetail/PhoneNum03124914460
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010929 ALMEDA GENOA ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0HOUSTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077034
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/EOYAmt01086137
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01961382
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0136694
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt01811
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt02099887
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt00
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02099887
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0BETA ACADEMY SUPPORT CORPORATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND/OR TO CARRY OUT THE PURPOSES OF THE BETA FOUNDATION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01961382
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt055.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt155.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt255.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt03608
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt25865
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt32700
IRS990/Form990PartVIISectionAGrp/PersonNm0HELEN ABERNATHY
IRS990/Form990PartVIISectionAGrp/PersonNm1CARLOS PEREZ
IRS990/Form990PartVIISectionAGrp/PersonNm2KENDRA HAMPTON
IRS990/Form990PartVIISectionAGrp/PersonNm3ALEX BENITEZ
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0105330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2110363
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt373380
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02023
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02099887
IRS990/GrossRentsGrp/RealAmt01811
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InitialReturnInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0136694
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0136694
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08921797
IRS990/LandBldgEquipCostOrOtherBssAmt08921797
IRS990/LegalDomicileStateCd0TX
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND/OR TO CARRY OUT THE PURPOSES OF THE BETA FOUNDATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt033755000
IRS990/NetAssetsOrFundBalancesEOYAmt02099887
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01811
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01811
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0138505
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017250
IRS990/PrincipalOfficerNm0CARLOS PEREZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02099887
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt01961382
IRS990/RentalIncomeOrLossGrp/RealAmt01811
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028067414
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0453019142
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE BETA FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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/ExpensesNotReportedAmt020567092
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01963193
IRS990ScheduleD/ExpensesSubtotalAmt0-1963193
IRS990ScheduleD/LandGrp/BookValueAmt03170645
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03170645
IRS990ScheduleD/OtherExpensesIncludedAmt020567092
IRS990ScheduleD/OtherExpensesNotIncludedAmt01963193
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05751152
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05751152
IRS990ScheduleD/OtherRevenueAmt023175831
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01963193
IRS990ScheduleD/RevenueNotReportedAmt023175831
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01963193
IRS990ScheduleD/RevenueSubtotalAmt0136694
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACTIVITY FROM THE BETA FOUNDATION [EIN: 45-3019142] 23,175,831.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ELIMINATIONS FOR FINANCIAL STATEMENT PURPOSES, NOT FOR TAX 1,963,193.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ACTIVITY FROM THE BETA FOUNDATION [EIN: 45-3019142] 20,567,092.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3ELIMINATIONS FOR FINANCIAL STATEMENT PURPOSES, NOT FOR TAX 1,963,193.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4THE BETA FOUNDATION DBA BETA ACADEMY (THE SCHOOL) IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF THE STATE OF TEXAS. THE SCHOOL IS ORGANIZED TO EDUCATE, TRAIN, AND PREPARE INDIVIDUALS TO FUNCTION WELL IN SOCIETY AND TO PROVIDE EDUCATION OPPORTUNITIES AND EXPERIENCES. THE SCHOOL OWNS AND OPERATES AN OPEN-ENROLLMENT CHARTER SCHOOL AS PROVIDED UNDER THE TEXAS EDUCATION CODE FOR THE BENEFIT OF STUDENTS IN TEXAS, PROVIDING SUCH STUDENTS WITH EDUCATIONAL OPPORTUNITIES AND PROGRAMS AS IT DEEMS APPROPRIATE TO FURTHER ITS TAX-EXEMPT PURPOSE. BETA ACADEMY HAS BEEN OPEN FOR ENROLLMENT SINCE THE ACADEMIC YEAR 2015-2016. AS OF AUGUST 31, 2024, THE SCHOOL OPERATES TWO CAMPUSES LOCATED IN HOUSTON, TEXAS. SINCE THE SCHOOL RECEIVES FUNDING FROM LOCAL, STATE, AND FEDERAL GOVERNMENT SOURCES, IT MUST COMPLY WITH THE REQUIREMENTS OF THE ENTITIES PROVIDING THOSE FUNDS. BETA ACADEMY SUPPORT CORPORATION (THE CORPORATION) WAS ORGANIZED IN 2023 AS A 501(C)(3) NON-PROFIT CORPORATION AND OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND/OR TO CARRY OUT THE PURPOSES OF THE SCHOOL. THE CORPORATION SERVES AS THE LEVERAGE LENDER FOR THE NEW MARKET TAX CREDIT (NMTC) FINANCING OF THE HARTSOOK CAMPUS PROJECT. THE CORPORATION IS A QUALIFIED ACTIVE LOW INCOME COMMUNITY BUSINESS THAT MANAGES THE CONSTRUCTION AND OWNS THE BUILDING. THE CORPORATION'S BOARD OF DIRECTORS IS COMPRISED OF FIVE MEMBERS WHICH INCLUDES THREE OF THE SCHOOL'S BOARD MEMBERS, OFFICERS, OR EMPLOYEES. THE CONSOLIDATED FINANCIAL STATEMENTS AS OF AUGUST 31, 2024 INCLUDE THE FINANCIAL STATEMENTS OF THE SCHOOL AND THE CORPORATION (COLLECTIVELY, THE ORGANIZATION). INTERCOMPANY TRANSACTIONS AND BALANCES HAVE BEEN ELIMINATED IN THE CONSOLIDATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE D, PARTS XI AND XII:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08921797
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalRevenuePerForm990Amt02099887
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023312525
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018603899
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BETA FOUNDATION SUPPORT CORPORATION 10929 ALMEDA GENOA ROAD HOUSTON, TX 77034 EMPLOYER IDENTIFICATION NUMBER: 99-0553302 FOR THE SHORT YEAR FROM DECEMBER 28, 2023 THROUGH AUGUST 31, 2024 THE BETA FOUNDATION SUPPORT CORPORATION 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/ExplanationTxt2ALL 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/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BETA ACADEMY SUPPORT CORPORATION FOLLOWS THE WHISTLEBLOWER AND RETENTION POLICIES OF THE BETA FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 13 & 14:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE BETA FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0453019142
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt09701 ALMEDA GENOA RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HOUSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd077075
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01961382
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11811
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FINANCIAL STATEMENTS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE BETA FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1THE BETA FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt038092598
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt038092598
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01961382
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt035992711
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt035992711
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02099887
IRS990/TotalOtherCompensationAmt012173
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0136694
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01811
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02099887
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt038092598
IRS990/TotReportableCompRltdOrgAmt0289073
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010929 ALMEDA GENOA ROAD
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077034
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLOS PEREZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03124914460
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETA ACADEMY SUPPORT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0BETA
ReturnHeader/Filer/EIN0990553302
ReturnHeader/Filer/PhoneNum03124914460
ReturnHeader/Filer/USAddress/AddressLine1Txt010929 ALMEDA GENOA ROAD
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077034
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
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/ReturnTs02025-04-04T11:33:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-12-28
ReturnHeader/TaxPeriodEndDt02024-08-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.