2025-07-29T15:46:31-05:00 2024-12-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2024-01-01 201217639 BETA PSI FOUNDATION INC BETA 4049626438 1151 HAMMOND DRIVE NE STE 240 ATLANTA GA 30346 ROBBY RANKIN VP GOVERNANCE 4049626438 2025-07-28 1 0 MELISSA SEWARD P02145103 7709558600 2025-07-28 2024 2025-03-06 01:10:19Z ROBBY RANKIN 1151 HAMMOND DRIVE NE STE 240 ATLANTA GA 30346 879763 0 X WWW.BETAPSI.ORG X 2004 GA PROMOTE, ENCOURAGE, AND SUPPORT EDUCATIONAL ACTIVITIES FOR THE BILL GEORGE BETA PSI CHAPTER. 20 20 0 20 0 0 197996 159477 0 0 52455 62040 -24915 3953 225536 225470 42050 108238 0 0 0 0 0 0 0 73019 150031 115069 258269 110467 -32799 2309355 2476675 22675 16640 2286680 2460035 OUR MISSION IS TO PROMOTE AND ENHANCE EDUCATIONAL OPPORTUNITIES FOR ACTIVE BROTHERS AND PLEDGES OF THE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY AT THE GEORGIA INSTITUTE OF TECHNOLOGY. 0 0 169366 108237 THE BETA PSI FOUNDATION PROMOTES, ENCOURAGES AND SUPPORTS EDUCATIONAL ACTIVITIES FOR THE BILL GEORGE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY BY BOTH AWARDING SCHOLARSHIPS AND STUDENT AID AND DEVELOPING FUTURE LEADERS. IN 2024, THE FOUNDATION AWARDED $108,237 IN SCHOLARSHIPS TO GEORGIA TECH UNDERGRADUATES. BY HOSTING VARIOUS SOCIAL AND NETWORKING ACTIVITIES WITH ALUMNI AND THE UNDERGRADUATE CHAPTER, BROTHERHOOD IS FOSTERED AMONG ALUMNI AND UNDERGRADUATE BROTHERS. ADDITIONALLY, THE FOUNDATION ENCOURAGES LEADERSHIP FOR LIFE, WHICH PROMOTES CONTINUED INVOLVEMENT FROM BETA PSI ALUMNI IN THE LIVES AND DEVELOPMENT OF BROTHERS AND PLEDGES. 169366 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 GA X ALICIA GILBERT 4049626438 1151 HAMMOND DRIVE NE STE 240 ATLANTA GA 30346 X JOE KINSEY PRESIDENT 1.50 X X 0 0 0 GREG DAVIS PRESIDENT-ELECT 2.50 X X 0 0 0 CHARLIE LOCKWOOD VICE PRESIDENT, FINANCE & INVESTMENTS 4.00 X X 0 0 0 ALAN MADEWELL VICE PRESIDENT, FOUNDATION RELATIONS 3.00 X X 0 0 0 SCOTT EANES VICE PRESIDENT, FUNDRAISING 2.00 X X 0 0 0 ROBBY RANKIN VICE PRESIDENT, GOVERNANCE 2.00 X X 0 0 0 WARREN STRICKLER TREASURER 10.00 X X 0 0 0 CHARLIE BURGAMY MEMBER 2.00 X 0 0 0 ROB HEUSEL MEMBER 1.00 X 0 0 0 KEITH JACKSON MEMBER 1.50 X 0 0 0 ALAN KENNEDY MEMBER 0.50 X 0 0 0 ROB MITCHELL MEMBER 1.00 X 0 0 0 CARLOS NAVARRO MEMBER 2.00 X 0 0 0 JD RICHEY MEMBER 2.00 X 0 0 0 MARC SMITH MEMBER 0.50 X 0 0 0 JOE SMYTH MEMBER 0.50 X 0 0 0 CLAY SPARROW MEMBER 3.50 X 0 0 0 BOB SWIFT MEMBER 1.00 X 0 0 0 TOM TURCO MEMBER 1.00 X 0 0 0 BARRY VLASS MEMBER 0.02 X 0 0 0 0 0 0 0 0 0 0 0 159477 159477 13230 13230 703003 654193 48810 48810 48810 4053 100 3953 3953 225470 0 0 65993 X 108238 108238 7000 7000 10719 10719 51456 51456 12175 12175 4492 4492 5739 5739 55738 55389 349 2712 2712 258269 169366 88903 0 99407 99451 82742 28770 7350 3500 7904 8513 2111952 2336441 2309355 2476675 22675 16640 22675 16640 X 2286680 385296 2074739 2286680 2460035 2309355 2476675 -32799 206154 0 X X 0 1 X 1 0 X 139445 126050 148063 197996 159477 771031 139445 126050 148063 197996 159477 771031 141960 629071 32234 35046 36088 10409 13230 127007 3953 3953 901991 0.69740 0.67010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1501349 7125 177477 46642 1639309 0.00000 0.63902 0.36098 0 0 0 X 388905 206154 -32000 174154 214751 10719 10719 225470 215550 0 215550 10719 32000 42719 258269 PART V, LINE 4: THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING STANDARDS THAT PROVIDE GUIDANCE ON WHEN UNCERTAIN TAX POSITIONS ARE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND HOW THE VALUES OF THESE POSITIONS ARE DETERMINED. NO LIABILITY HAS BEEN RECORDED AS OF DECEMBER 31, 2024 DUE TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: AWARDS DINNER EXPENSE -32,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: AWARDS DINNER EXPENSE 32,000. 1 SCHOLARSHIPS 30 108238 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 PART III SCHOLARSHIP RECIPIENTS ARE SELECTED USING A BLIND APPLICATION REVIEW PROCESS. SCHOLARSHIP AWARDS ARE DISBURSED DIRECTLY TO THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE ADMENDED TO ADD THE FOLLOWING MISSION STATEMENT: THE CORPORATION'S MISSION IS TO PROMOTE AND ENHANCE EDUCATIONAL OPPORTUNITIES FOR ACTIVE BROTHERS AND PLEDGES OF THE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY AT THE GEORGIA INSTITUTE OF TECHNOLOGY. THE NEW BYLAWS NAME AND DEFINE SEVERAL COMMITTEES INCLUDING EXECUTIVE, DISBURSEMENTS, FINANCE, GOVERNANCE, AND FUNDRAISING COMMITTEES. THE BYLAWS AUTHORIZE CONTRACTING WITH AN ADMINISTRATIVE SERVICES AGENCY FOR DUTIES NORMALLY PERFORMED BY OFFICERS. THE EXPECTED FUNCTIONS OF THE BOARD ARE ENUMERATED AND DESCRIBED. THE FOLLOWING VICE PRESIDENTS HAVE BEEN ADDED AS OFFICERS: VICE PRESIDENT OF DISBURSEMENTS, VICE PRESIDENT OF FINANCE AND INVESTMENTS AS TREASURER, VICE PRESIDENT OF FOUNDATION RELATIONS, VICE PRESIDENT OF FUNDRAISING, AND A VICE PRESIDENT OF GOVERNANCE AS SECRETARY. FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, 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, PART VI, SECTION C, LINE 19 AVAILABLE AT PRINCIPAL OFFICE. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 51,456. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,456. FORM 990 PART XI LINE 2C THERE HAVE BEEN NO CHANGES IN THE AUDITOR SELECTION NOR OVERSIGHT PROCESS.