Beta State Foundation INC FY2023 filing

Tax-deductible

Lafayette Hl, PA501(c)(3)Since 1982Colleges & UniversitiesEIN 23-2227223Revenue $108 in FY2023

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

FY2023 · 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
119534 mo
of spending, in cash
Looks good: 119533.6 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
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108
-60% vs prior year
Spent
$15
To programs
0%
Net assets
$759K
By yearFY2020–FY2025
Revenue
$108
FY2023▼ -60%
Tap a bar for its year
Revenue by fiscal year
FY2020$981
FY2021$108
FY2022$268
FY2023$108
FY2024$39
FY2025$8
Expenses
$15
FY2023▼ -99%
Tap a bar for its year
Expenses by fiscal year
FY2020$4K
FY2021$2K
FY2022$2K
FY2023$15
FY2024$1K
FY2025$1K
Net assets
$759K
FY2023+0.01%
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 FY2023 Form 990 (year ending September 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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% · $15

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 (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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 · FY2022
01

Contributuions 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$108
Ln 12
Investment incomeLn 3$108
Money outPt IX
$15
Ln 25
Managementcol C$15
Owns and owesPt X
$759K
net assets · Ln 32
Cash and savingsLn 1–2$149K
Total assetsLn 16$759K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$108
Gains on assetsLn 7$0
Total revenueLn 12$108
Assets in detailPt X, end of year
CashLn 1$67K
SavingsLn 2$82K
Cash and savings togetherLn 1–2$149K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$580K
Total assetsLn 16$759K
LiabilitiesLn 26$0
Net assetsLn 32$759K
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 FY23End FY23
Cash and savingsLn 1–2$149K$149K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$759K$759K
LiabilitiesLn 26$0$0
Net assetsLn 32$759K$759K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$15$15
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$15$0$15$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 Viewing $108$15$93$759K 990 PDF
FY2022 $268$2K−$2K$759K 990 PDF
FY2021 $108$2K−$2K$760K 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $108 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $260$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $8$108
I-11 Other revenue$0
I-12 Total revenuePrior year $268$108
I-13 Grants and similar amounts paid$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 $1,815$15
I-18 Total expensesPrior year $1,815$15
I-19 Revenue less expensesPrior year −$1,547$93
Part VI · Governance 0 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
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 $108 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $108$108
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $108$108
Part IX · Statement of functional expenses $15 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $15$15
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $15 · Fundraising $0$15
Part X · Balance sheet $758,812 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $67,344$67,329
X-2 Savings and temporary cash investmentsStart of year $81,980$82,088
X-3 Pledges and grants receivableStart of year $29,156$29,156
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $580,239$580,239
X-16 Total assetsStart of year $758,719$758,812
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $758,719$758,812
X-32 Total net assets or fund balancesStart of year $758,719$758,812
X-33 Total liabilities and net assetsStart of year $758,719$758,812
Part XI · Reconciliation of net assets $758,812 net assets at year end
XI-1 Total revenue$108
XI-2 Total expenses$15
XI-3 Revenue less expenses$93
XI-4 Net assets at start of year$758,719
XI-10 Net assets at end of year$758,812

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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