2024-07-15T16:29:23-05:00 2023-08-31 203992693 RANDY WALKER & CO 7800 IH 10 WEST STE 505 SAN ANTONIO TX 78230 990 2022-09-01 453019142 THE BETA FOUNDATION BETA 8323312460 9701 ALMEDA GENOA RD HOUSTON TX 77075 LATISHA D ANDREWS SUPERINTENDENT/CEO 8323312460 2024-07-14 1 LATISHA ANDREWS 999009999 1 RANDY L WALKER CPA P00963779 2103669430 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LATISHA D ANDREWS 9701 ALMEDA GENOA RD HOUSTON TX 77075 19945262 0 X WWW.BETAACADEMY.ORG X 2011 TX 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. 6 6 177 10 0 0 2293473 5715353 13248238 14011271 21414 117838 53704 100800 15616829 19945262 0 0 0 0 7999073 8990260 0 0 376327 5740307 6680180 13739380 15670440 1877449 4274822 36457126 41391412 23102816 23762280 13354310 17629132 X 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. 0 0 13832488 14011271 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 2022-2023 SCHOOL YEAR WAS 1,380. 13832488 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 32 0 1 177 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X MARTHA L SMITH 8323312460 9701 ALMEDA GENOA RD HOUSTON TX 77075 JAN SAUNDERS DIRECTOR 15.00 X 0 0 0 ERIKA JONES DIRECTOR 15.00 X 0 0 0 DR LEIGH KENT DIRECTOR 15.00 X 0 0 0 DANIEL NEELY PRESIDENT 25.00 X X 0 0 0 TIM KING VICE PRESIDENT & TREASURER 20.00 X X 0 0 0 ANITA ARCHER SECRETARY 20.00 X X 0 0 0 LATISHA ANDREWS CEO/SUPERINTENDENT 55.00 X 188813 0 3500 JENNIFER RAQUELL SARTOR CHIEF ACADEMIC OFFICER 55.00 X 151629 0 165 MARTHA SMITH CHIEF BUSINESS OFFICER/OPERATIONS 55.00 X 149407 0 3500 STEVEN CORRALES CHIEF OF OPERATIONS 55.00 X 54613 0 1329 544462 0 8494 3 0 1 0 BLUE KNIGHT SECURITY 411 N SAM HOUSTON PKWY E SUITE 37 HOUSTON TX 77060 SECURITY GAURD SERVICES 139034 1 3397028 2318325 5715353 STATE EQUALIZATION 611710 13739233 13739233 CO-CURRICULAR OTHER REVENUE 611710 105582 105582 ENTERPRISING SVC REVENUE 611710 84491 84491 FOOD SERVICE REVENUE 611710 81965 81965 14011271 117838 117838 100800 0 100800 100800 100800 19945262 14011271 0 218638 550472 510966 32056 7450 7572616 7029335 440966 102315 86375 80001 5040 1334 674995 625185 39383 10427 105802 97740 6671 1391 1085015 718149 309065 57801 18166 17281 885 250790 195156 47160 8474 685061 602687 70251 12123 140593 120787 19617 189 1273200 954900 254640 63660 1123948 1055853 54475 13620 209630 156572 42446 10612 SUPPLIES, FURNITURE & E 764743 659949 36195 68599 FOOD EXPENSE 495112 495112 0 0 MAINTENANCE AND REPAIR 378675 288174 72485 18016 MISC. OPERATING COSTS 181903 151297 30290 316 73344 73344 15670440 13832488 1461625 376327 8501820 10737597 1507814 1391016 57238 41411 31047865 3643760 25339700 27404105 1050554 757854 0 1059429 36457126 41391412 663198 668843 22031229 21800619 408389 1292818 23102816 23762280 X 10846105 14590299 2508205 3038833 13354310 17629132 36457126 41391412 4274822 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4904639 4904639 24445005 2233375 22211630 1698221 1410385 287836 27404105 BONDS PAYABLE 110000 RETAINAGE PAYABLE 123389 OPERATING LEASE PAYABLES 1059429 1292818 19945262 0 19945262 0 19945262 15670440 0 15670440 0 15670440 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION MAKES ITS RACIALLY NONDISCRIMINATORY POLICY KNOWN TO ALL STUDENTS THROUGH ITS REGISTRATION PROCEDURES, PARENT SCHOLAR HANDBOOK AND THROUGH ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE MAJORITY OF THE MONIES RECEIVED BY THE SCHOOL ARE EITHER STATE GRANT OR FEDERAL PROGRAM FUNDS. X 0 0 0 0 0 0 0 0 0 LATISHA ANDREWS CEO/SUPERINTENDENT 161813 0 27000 0 0 0 0 0 3500 0 192313 0 0 0 MARTHA SMITH CHIEF BUSINESS OFFICER/OPERATIONS 129407 0 20000 0 0 0 0 0 3500 0 152907 0 0 0 JENNIFER RAQUELL SARTOR CHIEF ACADEMIC OFFICER 131629 0 20000 0 0 0 0 0 165 0 151794 0 0 0 A NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 261604618 64542QBB8 2018-12-18 5890000 EXPANSION OF MAIN CAMPUS 0 0 0 B NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 261604618 64542QBF9 2019-09-04 17205000 EXPANSION OF MAIN CAMPUS 0 0 0 A 5922427 433529 446663 84497 5111184 73625 180416 2021 0 0 0 1 B 17901301 7 707500 121034 17375764 215063 65395 2021 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, COLUMN (C) CUSIP NUMBERS -2019A: 64542QBD4 - ISSUE PRICE: $2,630,000 64542QBE2 - ISSUE PRICE: $5,545,000 64542QBF9 - ISSUE PRICE: $9,030,000 CUSIP NUMBERS -2018A: 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 SCHEDULE K, PART I, LINE A, COLUMN (E) AND PART II, LINE 3, COLUMN A THE DIFFERENCE BETWEEN PART I, LINE A, COLUMN (E) AND PART II, LINE 3 COLUMN (A) IS DUE TO A $32,427 REOFFERING PREMIUM. SCHEDULE K, PART I, LINE B, COLUMN (E) AND PART II, LINE 3, COLUMN B THE DIFFERENCE BETWEEN PART I, LINE B, COLUMN (E) AND PART II, LINE 3 COLUMN (B) IS DUE TO A $696,301 REOFFERING PREMIUM. MARK ANDREWS CONTRACTING SERVICE ENTITY MORE THAN 35% OWNED BY FAMILY MEMBER OF LATISHA ANDREWS, CEO 17587 COMPENSATION 0 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, 2023 THE BETA FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). FORM 990, PART VI, SECTION A, LINE 2 LATISHA ANDREWS, CEO/SUPERINTENDENT, MARTHA SMITH, CHIEF BUSINESS OFFICER/OPERATIONS, AND JENNIFER R SARTOR, CHIEF ACADEMIC 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. 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.