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Nonprofiteer
← BETA ACADEMY SUPPORT CORPORATION

Form 990 for tax year 2023

Filed by BETA ACADEMY SUPPORT CORPORATION.

Totals

Total revenue
$2,099,887
Total expenses
$0
Contributions and grants received
$1,961,382
Grants paid
$0
Program service revenue
$0
Investment income
$136,694
Other revenue
$1,811
Total assets, end of year
$38,092,598
Total liabilities, end of year
$35,992,711
Net assets or fund balances, end of year
$2,099,887
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 1d · Related organizations

    $1,961,382

  • 3 · Investment income

    total $136,694 · excluded $136,694

  • 6a · Gross rents

    real property $1,811

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,811

  • 6d · Net rental income or loss

    total $1,811 · related or exempt $1,811

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,086,137

  • 2 · Savings and temporary cash investments

    end of year $28,067,414

  • 9 · Prepaid expenses and deferred charges

    end of year $17,250

  • 10a · Land, buildings and equipment: cost or other basis

    $8,921,797

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $8,921,797

  • 17 · Accounts payable and accrued expenses

    end of year $2,237,711

  • 23 · Secured mortgages and notes payable

    end of year $33,755,000

  • 27 · Net assets without donor restrictions

    end of year $138,505

  • 28 · Net assets with donor restrictions

    end of year $1,961,382

Mission and programs · 2023

Mission

OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND/OR TO CARRY OUT THE PURPOSES OF THE BETA FOUNDATION.

  • BETA 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.

As filed on the 2023 return.

Listed in Part VII

  • Helen Abernathy

    DIRECTOR

    Total calculated
    $108,938
    From this org
    $0
    From related orgs
    $105,330
    Other
    $3,608
    Hours/week
    1 + 55 related

  • Carlos Perez

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kendra Hampton

    TREASURER

    Total calculated
    $116,228
    From this org
    $0
    From related orgs
    $110,363
    Other
    $5,865
    Hours/week
    1 + 55 related

  • Alex Benitez

    SECRETARY

    Total calculated
    $76,080
    From this org
    $0
    From related orgs
    $73,380
    Other
    $2,700
    Hours/week
    1 + 55 related

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.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
1 April 2025
IRS schema version
2023v6.0
Source object
202520949349301307

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