Beta Academy Support Corporation

Tax-deductible

Houston, TX501(c)(3)Since 2023EducationEIN 99-0553302Revenue $531K in FY2025

On file with the IRSPo Box 34458, 77234-4458 · Houston, TXTax-exempt since Sep 2024Supporting org, Type I — 509(a)(3)

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Operates exclusively for the benefit of, to perform the function of, and/or to carry out the purposes of the Beta foundation.

501(c)(3) charity; gifts are tax-deductible.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 2
filings with a surplus
Average surplus $1.3M a year · 100% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Named funders
1
named funder · $352K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37.6M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$531K
-75% vs prior year
Spent
$0
Net assets
$2.6M
By yearFY2024–FY2025
Revenue
$531K
FY2025▼ -75%
Tap a bar for its year
Revenue by fiscal year
FY2024$2.1M
FY2025$531K
Expenses
$0
FY2025
Tap a bar for its year
Expenses by fiscal year
FY2024$0
FY2025$0
Net assets
$2.6M
FY2025▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2024$2.1M
FY2025$2.6M

From the FY2025 Form 990 (year ending August 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2024.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Beta Academy Support Corporation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports the Beta Foundation's charitable goals and operations.

Questions for Beta Academy Support Corporation

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Beta academy support corporation operates exclusively for the benefit of, to perform the function of, AND/OR to carry out the purposes of the beta foundation.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$352K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$531K
Ln 12
Gifts and grantsLn 1h$352K
Investment incomeLn 3$150K
Other incomeLn 4–11$29K
Money outPt IX
$0
Ln 25
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$6.5M
Total assetsLn 16$40.2M
LiabilitiesLn 26$37.6M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$352K
Investment incomeLn 3$150K
Other incomeLn 4–11$29K
Total revenueLn 12$531K
Assets in detailPt X, end of year
CashLn 1$973K
SavingsLn 2$5.5M
Cash and savings togetherLn 1–2$6.5M
Land, buildings, equipmentLn 10c$33.7M
Total assetsLn 16$40.2M
LiabilitiesLn 26$37.6M
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$29.2M$6.5M
Land, buildings, equipmentLn 10c$8.9M$33.7M
Total assetsLn 16$38.1M$40.2M
LiabilitiesLn 26$36.0M$37.6M
Net assetsLn 32$2.1M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $531K$0$531K$2.6M 990 PDF
FY2024 $2.1M$0$2.1M$2.1M 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 FY2025 990 (6 parts)
Part I · Summary $531,321 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,961,382$351,532
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $136,694$150,456
I-11 Other revenuePrior year $1,811$29,333
I-12 Total revenuePrior year $2,099,887$531,321
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$0
I-18 Total expensesPrior year $0$0
I-19 Revenue less expensesPrior year $2,099,887$531,321
Part VI · Governance 2 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $531,321 across 5 lines filed
VIII-1d Related organizations$351,532
VIII-1h Total contributions, gifts and grants$351,532
VIII-3 Investment incomeExcluded from tax $150,456$150,456
VIII-6 Net rental income or lossRelated to mission $29,333$29,333
VIII-12 Total revenueRelated to mission $29,333 · Unrelated business $0 · Excluded from tax $150,456$531,321
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $40,220,519 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,086,137$973,484
X-2 Savings and temporary cash investmentsStart of year $28,067,414$5,520,757
X-9 Prepaid expenses and deferred chargesStart of year $17,250$0
X-10c Land, buildings and equipment, netStart of year $8,921,797$33,726,278
X-16 Total assetsStart of year $38,092,598$40,220,519
X-17 Accounts payable and accrued expensesStart of year $2,237,711$3,834,311
X-26 Total liabilitiesStart of year $35,992,711$37,589,311
X-27 Net assets without donor restrictionsStart of year $138,505$2,631,208
X-28 Net assets with donor restrictionsStart of year $1,961,382$0
X-32 Total net assets or fund balancesStart of year $2,099,887$2,631,208
X-33 Total liabilities and net assetsStart of year $38,092,598$40,220,519
Part XI · Reconciliation of net assets $2,631,208 net assets at year end
XI-1 Total revenue$531,321
XI-2 Total expenses$0
XI-3 Revenue less expenses$531,321
XI-4 Net assets at start of year$2,099,887
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,631,208

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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