Is it real?
Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2024. IRS ruling in Jun 1999.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
7 people listed on the 990; $100K paid to officers and key staff (Part VII, Section A).
Kimmy Andrulonis’s $83K as Executive Dir. is at the 96th percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2020 |
|---|---|---|---|---|
| Lara Azzam | — | — | — | $99,865 |
| Kimmy Andrulonis | $82,626 | $77,500 | $77,500 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Betamore INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Empowers entrepreneurs to make Baltimore a global hub for innovation and business.
Questions for Betamore INC
Your first name shows with your question. Betamore INC answers here, for everyone.
Betamore is an award-winning coworking space, incubator and campus for technology and entrepreneurship. Betamore actively supports, launches and grows technology-based startup companies by delivering on three core pillars: incubation, education and community development.
Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-2156026) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $165K | $192K |
| Land, buildings, equipmentLn 10c | $13K | $87K |
| Total assetsLn 16 | $187K | $301K |
| LiabilitiesLn 26 | $10K | $281K |
| Net assetsLn 32 | $177K | $20K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $100K | $73K | $14K | $13K |
| Other salaries and wagesLn 7 | $70K | $51K | $10K | $9K |
| Other employee benefitsLn 9 | $15K | $11K | $2K | $2K |
| Payroll taxesLn 10 | $13K | $10K | $2K | $2K |
| Other fees for servicesLn 11g | $139K | $138K | $1K | |
| Advertising and promotionLn 12 | $2K | $2K | $168 | |
| Office expensesLn 13 | $31K | $20K | $11K | |
| Information technologyLn 14 | $11K | $10K | $214 | |
| OccupancyLn 16 | $219K | $215K | $4K | |
| TravelLn 17 | $41 | $40 | $1 | |
| Conferences, conventions and meetingsLn 19 | $886 | $251 | $212 | $423 |
| Depreciation, depletion and amortizationLn 22 | $29K | $28K | $574 | |
| InsuranceLn 23 | $5K | $4K | $90 | |
| Other expenses (24a–d)Ln 24 | $20K | $19K | $880 | $75 |
| Total functional expensesLn 25 | $654K | $582K | $45K | $27K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Oct 29, 2025 | $38K | −$254K | 990 PDF | ||
| FY2024Filed with the IRS Feb 4, 2025 | $84K | −$220K | 990 PDF | ||
| FY2023Filed with the IRS Aug 23, 2024 | $217K | $334K | −$117K | −$145K | 990 PDF |
| FY2022Filed with the IRS Apr 7, 2023 | $368K | $435K | −$67K | −$8K | 990 PDF |
| FY2021Filed with the IRS Mar 22, 2022 | $449K | $386K | $63K | $65K | 990 PDF |
| FY2020 ViewingFiled with the IRS May 17, 2021 | $519K | $654K | −$135K | $20K | 990 PDF |
Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2024. The 990-N has no money details, and postcard years before 2025 are not published by the IRS.
Schedules filed Part IV
See the full FY2020 990
Part I · Summary $519,169 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 3 to look at
Part VIII · Statement of revenue $519,169 across 10 lines filed
Part IX · Statement of functional expenses $654,157 across 14 lines filed
Part X · Balance sheet $301,320 assets, 12 lines filed
Part XI · Reconciliation of net assets $20,315 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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