2023-06-08T11:01:17-04:00 2022-12-31 202061537 STERK & ASSOCIATES CPAS LLC 5064 ROSWELL RD STE B 201 ATLANTA GA 303422266 990 2022-01-01 201217639 BETA PSI FOUNDATION INC BETA 4049626438 1151 HAMMOND DRIVE NE SUITE 240 ATLANTA GA 303461524 STRICKLER WARREN TREASURER 4049626438 2023-06-08 true WARREN STRICKLER XXX-XX-XXXX false JEFF T LETNER CPA P01253173 4042559363 2023-06-08 2022 2023-04-26 12:10:37Z SHAW ROB 22 BLACK HAWK TRAIL SAVANNAH GA 31411 375028 false X WWW.BETAPSI.ORG X 2004 GA OUR MISSION IS TO PROVIDE SCHOLARSHIP AWARDS TO THE BROTHERS/PLEDGES OF THE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY ON THE BASIS OF SCHOLASTIC ACHIEVEMENT, LEADERSHIP ACHIEVEMENT, OR FINANCIAL NEED AND TO SUPPORT THEIR DEVELOPMENT BY PROVIDING THEM WITH SCHOLASTIC AND LEADERSHIP RELATED TRAINING PROGRAMS AND FACILITIES, THEREBY GIVING THEM THE BEST POSSIBLE FOUNDATION FOR THEIR SUCCESS. 21 21 0 22 0 126050 148063 0 202372 27107 0 328422 175170 46400 36700 0 0 0 0 60677 78277 107077 114977 221345 60193 2254139 1959357 13590 6625 2240549 1952732 X OUR MISSION IS TO PROVIDE SCHOLARSHIP AWARDS TO THE BROTHERS/PLEDGES OF THE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY ON THE BASIS OF SCHOLASTIC ACHIEVEMENT, LEADERSHIP ACHIEVEMENT, OR FINANCIAL NEED AND TO SUPPORT THEIR DEVELOPMENT BY PROVIDING THEM WITH SCHOLASTIC AND LEADERSHIP RELATED TRAINING PROGRAMS AND FACILITIES, THEREBY GIVING THEM THE BEST POSSIBLE FOUNDATION FOR THEIR SUCCESS. false false 73894 36700 IN 2022, THE FOUNDATION WAS PLEASED TO AWARD A TOTAL OF 36,700 IN SCHOLARSHIPS TO UNDERGRADUATES OF GEORGIA TECH. HOSTED A RECOGNITION DINNER FOR THESE SCHOLARSHIP RECIPIENTS, AT A NET GAIN TO THE FOUNDATION OF 3,971 AND COORDINATED A LEADERSHIP WORKSHOP FOR THE UNDERGRADUATE MEMBERS AT A COST OF 24,010. NON-PROGRAM EXPENSES FOR 2022 TOTALED 41,083. 73894 true true false false false false false false false false false false true false true false false false false false false false false false false false false false true false false false false false false true false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false false false false false X 21 21 false false false false false false false true true false false true true true true false false false false false GA X X DOUG MARTIN 6789386912 3550 LENOX ROAD SUITE 2100 ATLANTA GA 30326 X SHAW ROB PRESIDENT 1.00 X X 0 0 0 RANKIN ROBBY VICE-PRESIDE 1.00 X X 0 0 0 STRICKLER WARREN TREASURER 1.00 X X 0 0 0 LOCKWOOD CHARLIE FINANCE 1.00 X 0 0 0 HUSSEY TOM FINANCE 1.00 X 0 0 0 HIGGINS RICK FINANCE 1.00 X 0 0 0 EANES SCOTT FUNDRAISING 1.00 X 0 0 0 KINSEY JOE FUNDRAISING 1.00 X 0 0 0 SULLIVAN JIM FUNDRAISING 1.00 X 0 0 0 ODANIEL KEITH DISBURSEMENT 1.00 X 0 0 0 THURMAN MARK DISBURSEMENT 1.00 X 0 0 0 STEWART MATTHEW DISBURSEMENT 1.00 X 0 0 0 HEILIG TIM FOUNDATION R 1.00 X 0 0 0 DAVIS GREG FOUNDATION R 1.00 X 0 0 0 MADEWELL ALAN FOUNDATION R 1.00 X 0 0 0 SANDUSKY TAYLOR FOUNDATION R 1.00 X 0 0 0 SWIFT ROBERT FOUNDATION R 1.00 X 0 0 0 VLASS BARRY FOUNDATION R 1.00 X 0 0 0 JACKSON KEITH FUNDRAISING 1.00 X 0 0 0 MITCHELL ROBERT FUNDRAISING 1.00 X 0 0 0 SPARROW CLAY FUNDRAISING 1.00 X 0 0 0 false false false 148063 148063 36088 36088 188167 2710 199858 -11691 2710 -8981 -8981 175170 27107 X 36700 36700 1701 1701 9229 9229 23151 23151 5113 5113 13673 13184 489 1400 1400 LEADERSHIP W.SHOP MEAL/AC 17664 17664 LEADERSHIP W.SHOP LODGING 3698 3698 LEADERSHIP W.SHOP TRANSPO 1550 1550 LEADERSHIP W.SHOP MATERIA 1098 1098 114977 73894 41083 0 -1 167500 153852 2068832 1788506 17807 17000 2254139 1959357 13590 6625 13590 6625 X 2240549 1952732 2240549 1952732 2254139 1959357 X 60193 -360078 12068 X false false X 145765 147429 139445 126050 148063 706752 145765 147429 139445 126050 148063 706752 174463 532289 33602 40224 32234 35046 36088 177194 883946 0.60220 0.59740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RAYMOND JAMES - 4804 1494114 F RAYMOND JAMES - 8880 245777 F RAYMOND JAMES - 8798 48615 F 1788506 OTHER LIABILITIES 6625 6625 true SCHOLARSHIPS 35 36700 SCHEDULE I, PAGE 1, PART I, LINE 2 THE BOARD OF DIRECTORS SHALL GATHER AND ANALYZE FACTS AND CONDUCT SUCH INVESTIGATION AND RESEARCH FROM TIME TO TIME THAT MAY BE NECESSARY IN ORDER TO DETERMINE THE MOST EFFECTIVE USE OF GRANT FUNDS SCHEDULE I, PAGE 4, PART IV 2022 SCHOLARSHIP RECIPIENTS: JANUARY 1 THRU DECEMBER 31, 2022 . AJ GROH - 1,800 ALEX MESSMAN - 900 ALEX ZAMORA - 800 BENNETT JONES - 1,300 CARSON HAROF - 400 CHARLIE LINDBERG - 1,300 COLE CAMPBELL - 1,300 CONNER DUFFY - 1,500 CONNER WHITE - 500 DANIEL LONG - 1,750 DANIEL WOODS - 500 EVAN ZAPPA - 1,000 GEORGE DOANE - 1,300 JAMES LEMKE - 2,250 JIMMY REILLY - 500 JOHN LEAL - 500 JOSH BRIENT - 1,000 JUSTIN KAPLIN - 3,600 KACY LOMBARD - 850 KENNY YOSHINO - 400 KYLE HOBDY-MARINAN - 1,000 MATT NEUSE - 850 MATTHEW CURTIS - 500 MATTHEW DOVALE - 500 MATTHEW GEUSS - 1,350 MAX HAYWARD - 1,250 NATHAN KITTS - 500 NATHAN NETTO - 500 NICHOLAS KATINSKY - 500 PRUITT MARTIN - 1,300 RORY BROWN - 500 SAM RODMAN - 1,300 TRENTON HEGRANES - 850 WESLEY O'HARA - 1,350 WILL WOOD - 1,000 GLENN A MERRITT RAYMOND JAMES FINANCIAL ADVIS FINANCIAL SERVICES false SCHEDULE L, PART V THE FOUNDATION'S ENDOWMENT AND OPERATING ACCOUNTS ARE WITH RAYMOND JAMES. GLEN MERRIT, A FORMER OFFICER AND TRUSTEE OF THE FOUNDATION, IS AN ACCOUNT EXECUTIVE WITH RAYMOND JAMES AND IS RESPONSIBLE FOR OUR ACCOUNT. THE ACCOUNT WAS AWARDED TO RAYMOND JAMES AFTER THE EXECUTIVE COMMITTEE REVIEWED PROPOSALS FROM SEVERAL INVESTMENT FIRMS AND THE BOARD APPROVED RAYMOND JAMES PROPOSAL, FOLLOWING FULL DISCLOSURE OF MR. MERRITT'S RELATIONSHIP. QUARTERLY RESULTS ARE MONITORED BY THE FINANCE COMMITTEE, CHAIRED BY OWEN HERRIN. FORM 990 - ORGANIZATION'S MISSION OUR MISSION IS TO PROVIDE SCHOLARSHIP AWARDS TO THE BROTHERS/PLEDGES OF THE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY ON THE BASIS OF SCHOLASTIC ACHIEVEMENT, LEADERSHIP ACHIEVEMENT, OR FINANCIAL NEED AND TO SUPPORT THEIR DEVELOPMENT BY PROVIDING THEM WITH SCHOLASTIC AND LEADERSHIP RELATED TRAINING PROGRAMS AND FACILITIES, THEREBY GIVING THEM THE BEST POSSIBLE FOUNDATION FOR THEIR SUCCESS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS PROVIDED TO EACH INDIVIDUAL BOARD MEMBER BEFORE FILING FOR THEIR REVIEW. BOARD REVIEWS THE FORM 990 AT THE FIRST BOARD MEETING AFTER ITS PREPARATION. FORM 990, PAGE 6, PART VI, LINE 12C EACH TRUSTEE IS REMINDED OF THE CONFLICT OF INTEREST POLICY AND ASKED TO REPORT ANY POSSIBLE CONFLICT OF INTEREST ON AN ANNUAL BASIS. THE BOARD APPROVES ALL SIGNIFICANT CONTRACTS. THE PRESIDENT, CHAIRMAN OF THE FINANCE COMMITTEE AND THE TREASURER REVIEW ALL DISBURSEMENTS. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE AT PRINCIPAL OFFICE. FORM 990, PART IX, LINE 11G CONSULTING SERVICES 0 23,151 0 FORM 990, PART XI, LINE 9 BOOK/TAX REALIZED LOSSES 11,691 BOOK/TAX DIVIDEND/INTEREST 391 BOOK/TAX OTHER -14 TOTAL 12,068