Overview
What is The Beta Foundation?
The Beta Foundation, located in Houston, Texas, is a nonprofit organization dedicated to providing education and opportunities for individuals to thrive in society. Established in 2014, it opened its doors in August 2015 with an initial enrollment of 480 students in grades K-6, later expanding to a Pre-K3-12th grade charter school in 2019. With a current student body of 1,213, the foundation's primary objective is to create a nurturing yet challenging educational environment that fosters success both academically and in life. The Beta Foundation aims to assist families in finding the ideal educational fit for their children. Currently, the organization employs a team of 177 individuals.
Official website here: www.betaacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94%
The Beta Foundation has received a commendable Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is based entirely on the organization’s performance in the Accountability & Finance category, where it scored 94%. Such a score demonstrates strong practices in governance and transparency, making it a reliable choice for donors.
One of the standout features of The Beta Foundation is its commitment to maintaining an independent board, with all eight members being independent, thus maximizing their accountability. The organization also excels in financial oversight, with a fully functioning Audit and Oversight Committee. Other positive highlights include a comprehensive conflict of interest policy and effective document retention practices.
Despite its strengths, there is a slight concern regarding the organization’s liabilities to assets ratio, which stands at 57.40%. While this is a notable figure, it suggests that more than half of its assets are tied up in liabilities, which may warrant further scrutiny. Nonetheless, with a strong program expense ratio of 86.37%, The Beta Foundation demonstrates a commitment to utilizing funds effectively for its programs.
This AI summary has been generated from information found on Charity Navigator.
Is The Beta Foundation legitimate?
The Beta Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Beta Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $445,187
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,805,693
For more financial information, click here
Official website here: www.betaacademy.org
What is the mission statement of The Beta Foundation?
The Beta Foundation is committed to establishing a school that fosters an environment of hope, encouraging students to excel academically and personally. Its primary goal is to assist families in finding the most suitable educational fit for their children. The organization's mission extends beyond academics, as it aims to educate, train, and prepare individuals to thrive in society. The Beta Foundation received its K-12 charter in 2014 and opened its doors in August 2015, initially accommodating 480 students in grades K-6. Over the years, it has expanded to include Pre-K3 and Pre-K4, making it a Pre-K3-12th grade charter school. With a student body of 1,213 for the 2021-2022 academic year, the Beta Foundation continues to provide quality education opportunities and experiences.
Official website here: www.betaacademy.org
Who is the CEO of The Beta Foundation?
Latisha D Andrews is the Director of The Beta Foundation. The CEO's salary of The Beta Foundation is $168,849 and their total compensation is $172,349.
Official website here: www.betaacademy.org
What is the revenue of The Beta Foundation?
The Beta Foundation's revenue in 2022 was $15,616,829.
Official website here: www.betaacademy.org
Who are the executives of The Beta Foundation and what are their salaries?
The average compensation at The Beta Foundation during 2022 was $40,965. There are 177 employees and 10 volunteers at The Beta Foundation.
Here are 9 key members and their salaries (The Beta Foundation's CEO's salary is $168,849 and their total compensation is $172,349):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $168,849
- Related: $0
- Other: $3,500
- Compensation: $128,080
- Related: $0
- Other: $165
- Compensation: $132,081
- Related: $0
- Other: $3,500
Official website here: www.betaacademy.org
Where can I find the form 990 for The Beta Foundation?
The Beta Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.betaacademy.org
Learn more at the official website: www.betaacademy.org
Mission Statement of The Beta Foundation
The Beta Foundation, a nonprofit organization, is dedicated to creating a school environment filled with hope and fostering the growth of students academically and personally. Established with the purpose of helping families find the best educational fit for their children, Beta Foundation goes beyond nurturing and challenges students to succeed.
Beta Foundation's mission is to educate, train, and prepare individuals for effective functioning in society. This includes providing valuable educational opportunities. The organization was granted its K-12 charter in 2014 and opened its doors in August 2015, welcoming 480 students in grades K-6. With a commitment to expansion, Beta Foundation added Prek3 and Prek4 to its grades in 2019, making it a full Pre-K3-12th grade charter school. In the 2021-2022 school year, the institution served a total student body of 1,213. In summary, The Beta Foundation is an educational institution that offers hope-filled environments and strives to help students achieve success in their academic and personal endeavors.
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Impact
October, 2024
The Beta Foundation has made a significant impact in the Houston area by fostering an educational environment that nurtures and challenges students. Since opening in 2015, it has grown substantially, beginning with 480 students in grades K-6 and expanding to include a full Pre-K through 12th grade program, serving over 1,200 students by the 2021-2022 school year.
The foundation is committed to creating an atmosphere of hope, striving to prepare individuals not just academically, but for life outside school. Its mission to help families find the best educational fit for their children resonates through its unique approach to education. By providing tailored educational opportunities and experiences, The Beta Foundation empowers students to excel academically, laying a solid foundation for future success. The ongoing addition of grades each year ensures that the institution continues to grow, adapting to the needs of the community and contributing to the overall development of the students it serves.
This information is meant to be a general summary of The Beta Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,414
- Program Service Revenue: $13,248,238
- Gross Receipts: $15,616,829
Assets and Liabilities:
- Total Assets: $36,457,126
- Total Liabilities: $23,102,816
- Net Assets: $13,354,310
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE EQUALIZATION
Revenue
$13,049,578
CO-CURRICULAR OTHER REVENUE
Revenue
$108,429
ENTERPRISING SVC REVENUE
Revenue
$80,795
FOOD SERVICE REVENUE
Revenue
$9,436
Organization Details
Founding Year
2011
Phone
(832) 331-2460Principal Officer
Latisha D Andrews
Main Address
9701 ALMEDA GENOA RD, HOUSTON, TX, 77075
Website
www.betaacademy.orgNTEE Category
Code: B29 - Education
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