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Beta State Scholarship Fund FY2021 filing

Tax-deductible

Lafayette Hl, PA501(c)(3)EducationEIN 27-3053039Revenue $54K in FY2021

On file with the IRS4013 Indian Guide Rd, 19444-1308 · Lafayette Hl, PATax-exempt since Jan 2015Supporting org, Type I — 509(a)(3)

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

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
6 of 6
filings with a surplus
Average surplus $43K a year · 98% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
139 mo
of spending, in cash
Looks good: 138.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$572K
45% of total assets
Looks good: liabilities are 45% 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
$54K
+5% vs prior year
Spent
$5K
To programs
100%
Net assets
$691K
By yearFY2020–FY2025
Revenue
$54K
FY2021▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$52K
FY2021$54K
FY2022$43K
FY2023$38K
FY2024$38K
FY2025$38K
Expenses
$5K
FY2021▲ ×334
Tap a bar for its year
Expenses by fiscal year
FY2020$15
FY2021$5K
FY2022$15
FY2023$54
FY2024$15
FY2025$15
Net assets
$691K
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$641K
FY2021$691K
FY2022$733K
FY2023$771K
FY2024$808K
FY2025$846K

From the FY2021 Form 990 (year ending September 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2013-02-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jan 2015.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $5K Management & general 0% · $15

Form 990 Part IX, line 25, columns B–D. 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 (FY2020); the FY2021 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 Scholarship Fund 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 Penn State University.

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Provided by the organization

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1 program · $5K · in their own filed words · FY2020
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.

$5Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$54K
Ln 12
Investment incomeLn 3$51K
Gifts and grantsLn 1h$3K
Money outPt IX
$5K
Ln 25
Programscol B$5K
Managementcol C$15
Owns and owesPt X
$691K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$1.3M
LiabilitiesLn 26$572K
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$3K
Investment incomeLn 3$51K
Total revenueLn 12$54K
Assets in detailPt X, end of year
CashLn 1$26K
SavingsLn 2$31K
Cash and savings togetherLn 1–2$58K
Total assetsLn 16$1.3M
LiabilitiesLn 26$572K
Net assetsLn 32$691K
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 FY21End FY21
Cash and savingsLn 1–2$35K$58K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$567K$572K
Net assetsLn 32$641K$691K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Office expensesLn 13$15$15
Total functional expensesLn 25$5K$5K$15$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $38K$15$37K$846K 990 PDF
FY2024 $38K$15$38K$808K 990 PDF
FY2023 $38K$54$37K$771K 990 PDF
FY2022 $43K$15$43K$733K 990 PDF
FY2021 Viewing $54K$5K$49K$691K 990 PDF
FY2020 $52K$15$52K$641K 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 FY2021 990 (6 parts)
Part I · Summary $54,472 revenue, 12 lines filed
I-8 Contributions and grants$3,000
I-9 Program service revenue$0
I-10 Investment incomePrior year $51,886$51,472
I-11 Other revenue$0
I-12 Total revenuePrior year $51,886$54,472
I-13 Grants and similar amounts paid$5,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $15$15
I-18 Total expensesPrior year $15$5,015
I-19 Revenue less expensesPrior year $51,871$49,457
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 $54,472 across 4 lines filed
VIII-1f All other contributions, gifts and grants$3,000
VIII-1h Total contributions, gifts and grants$3,000
VIII-3 Investment incomeExcluded from tax $51,472$51,472
VIII-12 Total revenueExcluded from tax $51,472$54,472
Part IX · Statement of functional expenses $5,015 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-13 Office expensesManagement $15$15
IX-25 Total functional expensesPrograms $5,000 · Management $15 · Fundraising $0$5,015
Part X · Balance sheet $1,262,468 assets, 8 lines filed
Asset lines not itemized here account for $1,204,489; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,994$26,493
X-2 Savings and temporary cash investmentsStart of year $31,482$31,486
X-16 Total assetsStart of year $1,207,996$1,262,468
X-25 Other liabilitiesStart of year $566,913$571,928
X-26 Total liabilitiesStart of year $566,913$571,928
X-27 Net assets without donor restrictionsStart of year $641,083$690,540
X-32 Total net assets or fund balancesStart of year $641,083$690,540
X-33 Total liabilities and net assetsStart of year $1,207,996$1,262,468
Part XI · Reconciliation of net assets $690,540 net assets at year end
XI-1 Total revenue$54,472
XI-2 Total expenses$5,015
XI-3 Revenue less expenses$49,457
XI-4 Net assets at start of year$641,083
XI-10 Net assets at end of year$690,540

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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