Totals
- Total revenue
- $23,175,831
- Total expenses
- $20,567,092
- Contributions and grants received
- $6,483,047
- Grants paid
- $1,961,382
- Program service revenue
- $16,339,702
- Investment income
- $288,491
- Other revenue
- $64,591
- Total assets, end of year
- $58,696,344
- Total liabilities, end of year
- $38,458,473
- Net assets or fund balances, end of year
- $20,237,871
- Program services expenses (Part IX)
- $18,747,795
- Management and general expenses
- $1,530,946
- Fundraising expenses
- $288,351
- Program service expenses (Part III)
- $18,747,795
Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$2,480,520
-
1f · All other contributions, gifts and grants
$4,002,527
-
2a · Program service revenue: STATE EQUALIZATION
total $15,317,039 · related or exempt $15,317,039
-
2b · Program service revenue: TRS BENEFIT PROGRAM REVENUES
total $581,719 · related or exempt $581,719
-
2c · Program service revenue: CO-CURRICULAR OTHER REVENUE
total $213,393 · related or exempt $213,393
-
2d · Program service revenue: FOOD SERVICE REVENUE
total $130,386 · related or exempt $130,386
-
2e · Program service revenue: ENTERPRISING SVC REVENUE
total $97,165 · related or exempt $97,165
-
3 · Investment income
total $288,491 · excluded $288,491
-
6a · Gross rents
real property $64,591
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $64,591
-
6d · Net rental income or loss
total $64,591 · excluded $64,591
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,961,382 · program services $1,961,382
-
5 · Compensation of officers, directors and key employees
total $517,278 · program services $478,795 · management and general $33,226 · fundraising $5,257
-
7 · Other salaries and wages
total $8,585,998 · program services $7,947,242 · management and general $551,502 · fundraising $87,254
-
8 · Pension plan contributions
total $1,071,233 · program services $970,486 · management and general $90,537 · fundraising $10,210
-
9 · Other employee benefits
total $493,384 · program services $446,982 · management and general $41,699 · fundraising $4,703
-
10 · Payroll taxes
total $101,154 · program services $91,467 · management and general $8,438 · fundraising $1,249
-
11g · Fees: other
total $1,096,106 · program services $626,485 · management and general $357,923 · fundraising $111,698
-
13 · Office expenses
total $22,102 · program services $21,134 · management and general $968
-
14 · Information technology
total $192,367 · program services $143,382 · management and general $48,985
-
16 · Occupancy
total $730,349 · program services $654,802 · management and general $73,692 · fundraising $1,855
-
17 · Travel
total $175,390 · program services $157,381 · management and general $18,009
-
20 · Interest
total $1,812,696 · program services $1,812,696
-
22 · Depreciation, depletion and amortization
total $1,092,236 · program services $1,047,779 · management and general $44,457
-
23 · Insurance
total $297,767 · program services $223,324 · management and general $74,443
-
24a · Other expenses: SUPPLIES, FURNITURE & E
total $968,352 · program services $875,650 · management and general $29,657 · fundraising $63,045
-
24b · Other expenses: MAINTENANCE AND REPAIR
total $630,968 · program services $482,399 · management and general $148,569
-
24c · Other expenses: FOOD EXPENSE
total $622,052 · program services $622,052
-
24d · Other expenses: MISC. OPERATING COSTS
total $158,521 · program services $146,600 · management and general $8,841 · fundraising $3,080
-
24e · All other expenses
total $37,757 · program services $37,757
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,737,597 · end of year $6,648,763
-
3 · Pledges and grants receivable
beginning of year $1,391,016 · end of year $2,114,526
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $24,650,550
-
9 · Prepaid expenses and deferred charges
beginning of year $41,411 · end of year $42,334
-
10a · Land, buildings and equipment: cost or other basis
$28,978,841
-
10b · Land, buildings and equipment: accumulated depreciation
$4,685,968
-
10c · Land, buildings and equipment, net
beginning of year $27,404,105 · end of year $24,292,873
-
11 · Investments: publicly traded securities
beginning of year $757,854 · end of year $363,835
-
15 · Other assets
beginning of year $1,059,429 · end of year $583,463
-
17 · Accounts payable and accrued expenses
beginning of year $668,843 · end of year $1,048,989
-
20 · Tax-exempt bond liabilities
beginning of year $21,800,619 · end of year $21,480,009
-
25 · Other liabilities
beginning of year $1,292,818 · end of year $15,929,475
-
27 · Net assets without donor restrictions
beginning of year $14,590,299 · end of year $17,180,071
-
28 · Net assets with donor restrictions
beginning of year $3,038,833 · end of year $3,057,800
Mission and programs · 2023
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.
-
BETA FOUNDATION IS ORGANIZED TO EDUCATE, TRAIN, AND PREPARE INDIVIDUALS TO FUNCTION WELL IN SOCIETY AND TO PROVIDE EDUCATION OPPORTUNITIES AND EXPERIENCES. BETA FOUNDATION WAS AWARDED ITS K-12 CHARTER IN 2014 AND OPENED IN AUGUST 2015 WITH 480 STUDENTS IN GRADES K - 6. IN 2019 BETA ACADEMY ADDED PREK3 AND PREK4 TO ITS GRADES, MAKING IT A PRE-3-12TH GRADE CHARTER. TOTAL STUDENTS FOR THE 2023-2024 SCHOOL YEAR WAS 1,356.
Expenses $18,747,795 · Grants $1,961,382 · Revenue $16,339,702
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jan SaundersJAN SAUNDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Erika JonesERIKA JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Dr Leigh KentDR LEIGH KENT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Anthony FlynnANTHONY FLYNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 20
-
Daniel KentDANIEL KENT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 25
-
Tim KingTIM KING
VICE PRESIDENT & TREASURER
- Total calculated
- $0
- Hours/week
- 20
-
Anita ArcherANITA ARCHER
SECRETARY
- Total calculated
- $0
- Hours/week
- 20
-
Latisha AndrewsLATISHA ANDREWS
CEO/SUPERINTENDENT
- Total calculated
- $226,503
- From this org
- $222,759
- From related orgs
- $0
- Other
- $3,744
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $172,759
- Bonus
- $50,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $3,744
- Filer's total
- $226,503
-
Jennifer Raquell SartorJENNIFER RAQUELL SARTOR
CHIEF ACADEMIC OFFICER
- Total calculated
- $86,000
- From this org
- $86,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 55
-
Martha SmithMARTHA SMITH
CHIEF BUSINESS OFFICER/OPERATIONS
- Total calculated
- $191,699
- From this org
- $187,955
- From related orgs
- $0
- Other
- $3,744
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $157,955
- Bonus
- $30,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $3,744
- Filer's total
- $191,699
-
Kendra HamptonKENDRA HAMPTON
ASSISTANT SUPERINTENDENT
- Total calculated
- $143,442
- From this org
- $140,298
- From related orgs
- $0
- Other
- $3,144
- Hours/week
- 55 + 1 related
-
Helen AbernathyHELEN ABERNATHY
CHIEF OF ACADEMICS
- Total calculated
- $132,053
- From this org
- $128,309
- From related orgs
- $0
- Other
- $3,744
- Hours/week
- 55 + 1 related
-
Kari HoefnagelsKARI HOEFNAGELS
CHIEF OF FINANCE
- Total calculated
- $131,806
- From this org
- $128,062
- From related orgs
- $0
- Other
- $3,744
- Hours/week
- 55
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
BETA ACADEMY SUPPORT CORPORATION
$1,961,382
FUNDS FOR CONSTRUCTION COSTS OF NEW CAMPUS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
BETA ACADEMY SUPPORT CORPORATION
501(C)(3) · SUPPORTING ORGANIZATION OF THE BETA FOUNDATION · TX · controlled entity
Directly controlled by THE BETA FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501929349301020
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