2026-07-15T14:33:01-05:00 2025-08-31 882730877 CHERRY BEKAERT ADVISORY LLC 250 W NOTTINGHAM SUITE 100 SAN ANTONIO TX 78209 990 2024-09-01 453019142 THE BETA FOUNDATION BETA 8323312460 PO BOX 34458 HOUSTON TX 77234 LATISHA D ANDREWS SUPERINTENDENT/CEO 8323312460 2026-07-15 1 1 KIMIKO BACA P01268795 2105363200 2024 2025-03-06 01:10:19Z LATISHA D ANDREWS PO BOX 34458 HOUSTON TX 77234 21698029 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. 7 7 274 10 0 0 6483047 3832361 16339702 17296048 288491 520363 64591 49257 23175831 21698029 1961382 351532 0 0 10769047 11838950 0 0 415294 7836663 8384934 20567092 20575416 2608739 1122613 58696344 59078021 38458473 37717537 20237871 21360484 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 17695243 351532 17296048 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 2024-2025 SCHOOL YEAR WAS 1,569. 17695243 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 52 0 1 274 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 PO BOX 34458 HOUSTON TX 77234 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 ANTHONY FLYNN DIRECTOR 20.00 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 187000 0 3744 JENNIFER RAQUELL SARTOR CHIEF ACADEMIC OFFICER 55.00 X 66000 0 0 MARTHA SMITH CHIEF BUSINESS OFFICER/OPE 55.00 X 160000 0 3744 KENDRA HAMPTON ASSISTANT SUPERINTENDENT 55.00 1.00 X 150000 0 3144 HELEN ABERNATHY CHIEF OF ACADEMICS 55.00 1.00 X 134125 0 3744 KARI HOEFNAGELS CHIEF OF FINANCE 55.00 X 132020 0 3744 829145 0 18120 5 0 1 0 ANSLOW BRYANT CONSTRUCTION 5373 W SAM HOUSTONPARKWAY NORTH HOUSTON TX 77041 CONSTRUCTING NEW SCHOOL 20851652 PORCHE ADVANCED SYSTEMS LLC PO BOX 4343 LAKE CHARLES LA 70606 AUDIO VISUAL EQUIPMENT SERVICES 277101 HVAC MECHANICAL SERVICES OF TEXAS PO BOX 650998 DALLAS TX 75265 HVAC SERVICES 172621 BLUE KNIGHT SECURITY LLC 411 N SAM HOUSTON PKWY E HOUSTON TX 77060 POLICE OFFICERS FOR SCHOOL SECURITY 141705 SCHULMAN LOPEZ HOFFER AND ADELSTEIN 845 PROTON ROAD SAN ANTONIO TX 78258 LEGAL SERVICES 125087 5 1817566 2014795 3832361 STATE EQUALIZATION 611710 16130633 16130633 TRS BENEFIT PROGRAM REVENUES 611710 645961 645961 ENTERPRISING SVC REVENUE 611710 214816 214816 CO-CURRICULAR OTHER REVENUE 611710 153258 153258 FOOD SERVICE REVENUE 611710 151380 151380 17296048 520363 520363 49257 0 49257 49257 49257 21698029 17296048 0 569620 351532 351532 420488 365151 42872 12465 9653497 8398542 965350 289605 1191212 929146 250154 11912 410877 320484 86284 4109 162876 141702 16288 4886 1224022 979218 214668 30136 23097 18477 4620 230640 184512 46128 838687 670950 167737 205411 164329 41082 2112180 2112180 1130619 917077 213542 387650 310120 77530 SUPPLIES, FURNITURE & E 791715 633372 102923 55420 MAINTENANCE AND REPAIR 652560 522048 130512 FOOD EXPENSE 443403 399063 44340 MISC. OPERATING COSTS 338051 270441 60849 6761 6899 6899 20575416 17695243 2464879 415294 6648763 6286284 2114526 2268504 24650550 24650550 42334 111882 31398807 5753678 24292873 25645129 363835 19195 583463 96477 58696344 59078021 1048989 1226082 21480009 21029398 15929475 15462057 38458473 37717537 X 17180071 18873548 3057800 2486936 20237871 21360484 58696344 59078021 1122613 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1880522 1880522 23824545 4018356 19806189 1839417 1735322 104095 3854323 3854323 25645129 OPERATING LEASE PAYABLES 92527 NOTES PAYABLE - LONG-TERM, NET 15369530 15462057 21848485 531321 531321 21317164 380865 380865 21698029 20194551 0 20194551 380865 380865 20575416 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES FROM BETA ACADEMY SUPPORT CORPORATION [EIN 99-0553302] 531,321. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS FOR FINANCIAL STATEMENT PURPOSES, NOT FOR TAX 380,865. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS FOR FINANCIAL STATEMENT PURPOSES, NOT FOR TAX 380,865. 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, 2025, 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, 2025 INCLUDE THE FINANCIAL STATEMENTS OF THE SCHOOL AND THE CORPORATION (COLLECTIVELY, THE ORGANIZATION). INTERCOMPANY TRANSACTIONS AND BALANCES HAVE BEEN ELIMINATED IN THE CONSOLIDATION. THE CORPORATION'S ACTIVITY FOR THE YEAR ENDED AUGUST 31, 2025 IS REPORTED ON A SEPARATE 2023 FORM 990 UNDER EIN: 99-0553302. 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. 1 BETA ACADEMY SUPPORT CORPORATION 10929 ALMEDA GENOA RD HOUSTON TX 77034 990553302 501(C)(3) 351532 0 FUNDS FOR CONSTRUCTION COSTS OF NEW CAMPUS 1 PART I, LINE 2: FUNDS WERE PROVIDED TO SUPPORTING ORGANIZATION BETA ACADEMY SUPPORT CORPORATION. SINCE THERE IS A CLOSE RELATIONSHIP BETWEEN THE BETA FOUNDATION AND ITS SUPPORTING ORGANIZATION, THE USE OF THESE FUNDS ARE CAREFULLY MONITORED. X 0 0 0 0 0 0 0 0 0 LATISHA ANDREWS CEO/SUPERINTENDENT 137000 0 50000 0 0 0 0 0 3744 0 190744 0 0 0 MARTHA SMITH CHIEF BUSINESS OFFICER/OPE 130000 0 30000 0 0 0 0 0 3744 0 163744 0 0 0 KENDRA HAMPTON ASSISTANT SUPERINTENDENT 150000 0 0 0 0 0 0 0 3144 0 153144 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 439610 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. 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, 2025 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. BETA ACADEMY SUPPORT CORPORATION 10929 ALMEDA GENOA ROAD HOUSTON TX 77034 990553302 SUPPORTING ORGANIZATION OF THE BETA FOUNDATION TX 501(C)(3) LINE 12A, I THE BETA FOUNDATION 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 BETA ACADEMY SUPPORT CORPORATION B 351532 FINANCIAL STATEMENTS BETA ACADEMY SUPPORT CORPORATION K 29333 LEASE AGREEMENT