2015-08-13T11:25:36-05:00 2014-12-31 202061537 STERK & ASSOCIATES CPAS LLC 5064 ROSWELL RD NE STE B 201 ATLANTA GA 303422266 990 2014-01-01 201217639 BETA PSI FOUNDATION INC % THE ASSOCIATION GROUP BETA 4049626438 1260 WINCHESTER PARKWAY SE ROOM/SUITE 205 SMYRNA GA 300806546 DOUGLAS A BANGERT JR TREASURER 4049626438 2015-08-05 true JEFF T LETNER CPA P01253173 4042559363 2015-08-05 2014 2016-02-25 16:41:14Z DOUGLAS A BANGERT JR 101 SPAULDING COURT BRUNSWICK GA 315256816 365180 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. 22 22 0 35 0 100663 208722 0 26862 36627 0 127525 245349 18500 23500 0 0 0 662 65469 67326 83969 90826 43556 154523 1087412 1262852 1300 7646 1086112 1255206 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 54078 23500 IN 2014, THE FOUNDATION WAS PLEASED TO AWARD A TOTAL OF 23,500 IN SCHOLARSHIPS TO UNDERGRADUATES OF GEORGIA TECH. WE WERE ALSO PLEASED TO HOST A RECOGNITION DINNER FOR THESE SCHOLARSHIP RECIPIENTS AT A NET COST TO THE FOUNDATION OF 2,609. NON-PROGRAM EXPENSES FOR THE YEAR OF 2014 TOTALED 36,748. 54078 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 X 22 22 true false false false false false false true true false false true true true false false false false false false GA X DOUGLAS A BANGERT JR 9122809905 1145 BEACHVIEW DRIVE ST SIMONS ISLAND GA 31522 X LEE AKRIDGE TRUSTEE 1.00 X 0 0 0 SANNY LANGLEY TRUSTEE 1.00 X 0 0 0 REED R SMITH PRESIDENT 1.00 X X 0 0 0 MICHAEL A DUNN SECRETARY 1.00 X X 0 0 0 DOUG BANGERT TREASURER 1.00 X X 0 0 0 MATT NIX TRUSTEE 1.00 X 0 0 0 GLEN A MERRITT CHAIRMAN 1.00 X X 0 0 0 JIM HAMILTON TRUSTEE 1.00 X 0 0 0 DAVID BOWEN FOUNDATION R 1.00 X X 0 0 0 MICHAEL SHUTT VICE-PRESIDE 1.00 X X 0 0 0 OWEN HERRIN TRUSTEE 1.00 X 0 0 0 RON LEE FUNDRAISING 1.00 X X 0 0 0 WAYNE STEWART FINANCE 1.00 X X 0 0 0 MURRAY GRIFFIN DISBURSEMENT 1.00 X X 0 0 0 FRANK CLEMENTS TRUSTEE 1.00 X 0 0 0 PAUL PASCUTTI TRUSTEE 1.00 X 0 0 0 KEVIN SHAW TRUSTEE 1.00 X 0 0 0 BRAD FERRIS TRUSTEE 1.00 X 0 0 0 MICHAEL LEVERETT TRUSTEE 1.00 X 0 0 0 DERRICK PORTER TRUSTEE 1.00 X 0 0 0 STEVEN NEEL TRUSTEE 1.00 X 0 0 0 LLOYD FARR TRUSTEE 1.00 X 0 0 0 false false false 4000 204722 208722 26872 26872 129586 119831 9755 9755 9755 4000 245349 36627 X 23500 23500 1094 1094 8065 8065 24223 3862 19941 420 100 100 4185 3943 242 23909 21716 2193 BELL CHAPTER CHALLENGE 5000 5000 ADMINISTRATIVE EXPENSES 750 750 90826 54078 36086 662 9820 10001 105442 155305 972150 1097546 1087412 1262852 1300 7646 1300 7646 X 1086112 1255206 1086112 1255206 1087412 1262852 154523 14571 X false false false X 55774 45274 79695 100663 208722 490128 55774 45274 79695 100663 208722 490128 490128 16352 19677 21236 21784 26872 105921 596049 0.82230 0.79300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INVESTMENTS - EQUITIES 740545 F INVESTMENTS - FIXED INCOME 291301 F INVESTMENTS - OTHER 65700 F 1097546 MEMBER DEPOSITS 7646 7646 true SCHOLARSHIPS 30 23500 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 2013 SCHOLARSHIP RECIPIENTS: FALL 2013: HAYDEN ASQUITH - 1000 JACOB ZIEGLER - 1000 LOGAN EASTERWOOD - 1000 JOSHUA NEWTON - 1000 ALEX MORAN - 500 TRAV HARRIS - 500 BENNETT MEARS - 750 HAYDEN ASQUITH - 750 LOGAN EASTERWOOD - 750 BOWDEN KELLY - 750 CHRISTOPHER BUSCH - 1000 CLAYTON MAIKE - 500 BEN IBACH - 500 STEFAN BJELCEVIC - 500 JAMES HYNES - 1000 SPRING 2014: BRADLEY SMITH - 1000 JOESPH CUA - 1000 BILL MIZELL - 500 BEN IBACH - 500 STEFAN BJELCEVIC - 500 WILLIAM HERGENRADER - 500 ALEX MORAN - 500 WILLIAM EALICK - 500 BRADLEY SMITH - 1000 GARRETT MCCLURG - 1000 NICHOLAS ADAMS - 1000 BOWDEN KELLY - 1000 JAMES PINKERTON - 1000 CHRISTOPHER BUSH - 1000 JAMES HYNES - 1000 GLEN A MERRITT RAYMOND JAMES FINANCIAL ADVIS 8065 FINANCIAL SERVICES false SCHEDULE L, PART V TRANSACTIONS WITH INTERESTED PARTIES: THE FOUNDATION'S ENDOWMENT AND OPERATING ACCOUNTS ARE WITH RAYMOND JAMES. GLEN MERRITT, PRESIDENT 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 RELATIONSHIPS. QUARTERLY RESULTS ARE MONITORED BY THE FINANCE COMMITTE, CHAIRED BY WAYNE STEWART. 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 2 GLEN A. MERRITT RAYMOND JAMES CHAIRMAN ACCOUNT MGR ACCOUNT MGR WHERE FUNDS HELD FORM 990, PAGE 6, PART VI, LINE 11B BOARD REVIEWS THE FORM 990 AT THE FIRST BOARD MEETING AFTER ITS PREPARATION. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE AT PRINCIPAL OFFICE. FORM 990, PART IX, LINE 11G PAYPAL FEES 0 712 0 TAG - POSTAGE/COPIES 0 3,783 420 TAG - SERVICES 3,862 15,446 0 FORM 990, PART XI, LINE 9 UNREALIZED GAINS/(LOSS) 14,571