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Beta State Foundation INC FY2020 filing

Tax-deductible

Lafayette Hl, PA501(c)(3)Since 1982Colleges & UniversitiesEIN 23-2227223Revenue $981 in FY2020

On file with the IRS4013 Indian Guide Rd, 19444-1308 · Lafayette Hl, PATax-exempt since May 1983Publicly supported charity — 170(b)(1)(A)(vi)

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Contributions are made to pennsylvania State university for the purpose of granting scholarships and other assistance to deserving students attending pennsylvania State university

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $2K a year · 596% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
426 mo
of spending, in cash
Looks good: 426.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$981
Spent
$4K
To programs
0%
Net assets
$762K
By yearFY2020–FY2025
Revenue
$981
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$981
FY2021$108
FY2022$268
FY2023$108
FY2024$39
FY2025$8
Expenses
$4K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4K
FY2021$2K
FY2022$2K
FY2023$15
FY2024$1K
FY2025$1K
Net assets
$762K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$762K
FY2021$760K
FY2022$759K
FY2023$759K
FY2024$758K
FY2025$756K

From the FY2020 Form 990 (year ending September 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $4K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Robert Eisman
President
$0Pt VII · Sec A
Ron Gorodesky
Board Member
$0Pt VII · Sec A
John Wilk
Board Member
$0Pt VII · Sec A
See Beta State Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides scholarships and assistance to deserving students at Pennsylvania State University.

Questions for Beta State Foundation INC

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Provided by the organization

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1 program · in their own filed words · FY2019
01

Contributions are made to the pennsylvania state university for the purpose of granting scholarships and other assistance to deserving students attending penn state university.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$981
Ln 12
Gifts and grantsLn 1h$950
Investment incomeLn 3$31
Money outPt IX
$4K
Ln 25
Managementcol C$4K
Owns and owesPt X
$762K
net assets · Ln 32
Cash and savingsLn 1–2$158K
Total assetsLn 16$762K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$950
Investment incomeLn 3$31
Total revenueLn 12$981
Assets in detailPt X, end of year
CashLn 1$76K
SavingsLn 2$82K
Cash and savings togetherLn 1–2$158K
Other assetsLn 15$575K
Total assetsLn 16$762K
LiabilitiesLn 26$0
Net assetsLn 32$762K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$156K$158K
Total assetsLn 16$765K$762K
LiabilitiesLn 26$0$0
Net assetsLn 32$765K$762K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$59$59
InsuranceLn 23$120$120
Total functional expensesLn 25$4K$0$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8$1K−$1K$756K 990 PDF
FY2024 $39$1K−$1K$758K 990 PDF
FY2023 $108$15$93$759K 990 PDF
FY2022 $268$2K−$2K$759K 990 PDF
FY2021 $108$2K−$2K$760K 990 PDF
FY2020 Viewing $981$4K−$3K$762K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $981 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25$950
I-9 Program service revenue$0
I-10 Investment incomePrior year $65$31
I-11 Other revenue$0
I-12 Total revenuePrior year $90$981
I-13 Grants and similar amounts paidPrior year $5,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,228$4,439
I-18 Total expensesPrior year $7,228$4,439
I-19 Revenue less expensesPrior year −$7,138−$3,458
Part VI · Governance 4 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $981 across 4 lines filed
VIII-1f All other contributions, gifts and grants$950
VIII-1h Total contributions, gifts and grants$950
VIII-3 Investment incomeExcluded from tax $31$31
VIII-12 Total revenueExcluded from tax $31$981
Part IX · Statement of functional expenses $4,439 across 4 lines filed
IX-11b Legal feesManagement $2,510$2,510
IX-11c Accounting feesManagement $1,750$1,750
IX-13 Office expensesManagement $59$59
IX-23 InsuranceManagement $120$120
IX-25 Total functional expensesPrograms $0 · Management $4,439 · Fundraising $0$4,439
Part X · Balance sheet $761,977 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $73,788$75,648
X-2 Savings and temporary cash investmentsStart of year $81,933$81,964
X-3 Pledges and grants receivableStart of year $29,156$29,156
X-15 Other assetsStart of year $580,558$575,209
X-16 Total assetsStart of year $765,435$761,977
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $765,435$761,977
X-32 Total net assets or fund balancesStart of year $765,435$761,977
X-33 Total liabilities and net assetsStart of year $765,435$761,977
Part XI · Reconciliation of net assets $761,977 net assets at year end
XI-1 Total revenue$981
XI-2 Total expenses$4,439
XI-3 Revenue less expenses−$3,458
XI-4 Net assets at start of year$765,435
XI-10 Net assets at end of year$761,977

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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