The Beta Foundation
Nonprofit profile at a glance
- EIN
- 453019142
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-N 2013
- Location
- Houston, TX, USA
- Phone
- 8323312460
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Charter Schools
Reported finances
- Revenue
- $21,698,029
- Expenses
- $20,575,416
- Assets
- $59,078,021
- Liabilities
- $37,717,537
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- DANIEL NEELY (PRESIDENT)
- TIM KING (VICE PRESIDENT & TREASURER)
- LATISHA ANDREWS (CEO/SUPERINTENDENT)
Highest reported compensation
- LATISHA ANDREWS (CEO/SUPERINTENDENT): $190,744 total reported compensation
- MARTHA SMITH (CHIEF BUSINESS OFFICER/OPE): $163,744 total reported compensation
- KENDRA HAMPTON (ASSISTANT SUPERINTENDENT): $153,144 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The fundamental mission and purpose of beta foundation is to create a school with an environment of hope that not only nurtures, but challenges students to become successful academically and in life. We exist to help families find the best educational fit for their children.
What it reported doing in 2024
Beta foundation is organized to educate, train, and prepare individuals to function well in society and to provide education opportunities and experiences. Beta foundation was awarded its k-12 charter in 2014 and opened in august 2015 with 480 students in grades k - 6. In 2019 beta academy added prek3 and prek4 to its grades, making it a pre-3-12th grade charter. Total students for the 2024-2025 school year was 1,569.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 80
- Accountability: 100
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.4%; rating input score 81
- Program expense ratio: 86%; rating input score 86
- Fundraising efficiency: $9.23 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.2%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 2.87; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 19.8% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 17.5% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 25.7% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 81.4% of revenue deployed · 86% of spending went to programs
- Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $17.7M in reported program spending
- Leadership: top reported pay $191K · 13 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $21.6M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
- Review — Sustainability: Operating margin scored 54/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.