2017-07-05T13:56:34-04:00 2016-12-31 202061537 STERK & ASSOCIATES CPAS LLC 5064 ROSWELL RD STE B 201 ATLANTA GA 303422266 990 2016-01-01 201217639 BETA PSI FOUNDATION INC % THE ASSOCIATION GROUP BETA 4049626438 1260 WINCHESTER PARKWAY SE STE 205 SMYRNA GA 300806546 MARTIN DOUG TREASURER 4049626438 2017-06-26 true JEFF T LETNER CPA P01253173 4042559363 2017-06-26 389016A9205CDDBE911302A3A824BEE521AEA736 1AF3C33E068449F31F79581828F5FE3880F7053F 2016 2021-01-29 14:40:06Z LEE RON 1260 WINCHESTER PARKWAY SE 205 SMYRNA GA 300806546 223224 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 35 0 106981 102745 0 51346 44223 0 158327 146968 80250 26000 0 0 0 4296 63159 71385 143409 97385 14918 49583 1212436 1312475 2000 1212436 1310475 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 60494 26000 IN 2016, THE FOUNDATION WAS PLEASED TO AWARD A TOTAL OF 26,000 IN SCHOLARSHIPS TO UNDERGRADUATES OF GEORGIA TECH, HOSTED A RECOGNITION DINNER FOR THESE SCHOLARSHIP RECIPIENTS, AT A NET GAIN TO THE FOUNDATION OF 2,865 AND COORDINATED A LEADERSHIP WORKSHOP FOR THE UNDERGRADUATE MEMBERS AT A COST OF 23,895. NON-PROGRAM EXPENSES FOR 2016 TOTALED 32,595. 60494 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 true true 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 3565 PIEDMONT ROAD BLD 3 STE 150 ATLANTA GA 30305 X LANGLEY SANNY TRUSTEE 1.00 X 0 0 0 NIX MATT TRUSTEE 1.00 X 0 0 0 HAMILTON JIM TRUSTEE 1.00 X 0 0 0 CLEMENTS FRANK TRUSTEE 1.00 X 0 0 0 FERRIS BRAD TRUSTEE 1.00 X 0 0 0 LEVERETT MIKE TRUSTEE 1.00 X 0 0 0 PORTER DERRICK TRUSTEE 1.00 X 0 0 0 NEEL STEVEN TRUSTEE 1.00 X 0 0 0 DIFFENDERFER BILL TRUSTEE 1.00 X 0 0 0 GRIFFIN MURRAY TRUSTEE 1.00 X 0 0 0 SANDUSKY TAYLOR TRUSTEE 1.00 X 0 0 0 GOWAN BILL TRUSTEE 1.00 X 0 0 0 DUNCAN JAMES TRUSTEE 1.00 X 0 0 0 BOWEN DAVID PRESIDENT 1.00 X X 0 0 0 LEE RON VICE-PRESIDE 1.00 X X 0 0 0 MARTIN DOUG TREASURER 2.00 X X 0 0 0 HERRIN OWEN SECRETARY 1.00 X X 0 0 0 BANGERT DOUG FINANCE - CH 1.00 X X 0 0 0 SHAW KEVIN DISBURSEMENT 1.00 X X 0 0 0 PASCUTTI PAUL FUNDRAISING 1.00 X X 0 0 0 FARR LLOYD FOUNDATION R 1.00 X X 0 0 0 false false false 102745 102745 26384 26384 93776 319 76256 17520 319 17839 17839 146968 44223 X 26000 26000 1866 1866 7764 7764 20192 5564 13098 1530 11363 8597 2766 6 6 5831 5035 796 LEADERSHIP W.SHOP MEALS 13108 13108 LEADERSHIP W.SHOP LODGING 4604 4604 LEADERSHIP W.SHOP MATERIA 3883 3883 LEADERSHIP W.SHOP TRANSP 1300 1300 1468 1000 468 97385 60494 32595 4296 1 111772 123876 1090995 1180723 9669 7875 1212436 1312475 2000 0 2000 X 1212436 1310475 1212436 1310475 1212436 1312475 49583 50756 -2300 X false false X 79695 100663 208722 106981 102745 598806 79695 100663 208722 106981 102745 598806 598806 21236 21784 26872 27600 26384 123876 722682 0.82860 0.82210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INVESTMENTS - EQUITIES 760086 F INVESTMENTS - FIXED INCOME 347966 F INVESTMENTS - OTHER 72671 F 1180723 DEFERRED REVENUE 1800 OTHER - RJ 200 2000 true SCHOLARSHIPS 31 26000 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 2016 SCHOLARSHIP RECIPIENTS: JANUARY 1 THRU DECEMBER 31, 2016 . MORAN, ALEX 1,000 CHRISTIANSEN, ALEXANDER 500 CONCHA, ALVERO 500 MADDOX, AUSTIN 500 IBACH, BEN 1,000 SPALDING, BENEDICT 800 BUFFINGTON, BLAIR 800 BUSH, CHRIS 800 DONOVAN, CONNOR 1,800 STEPHENS, DRAKE 500 DEVANEY, GARRETT 500 SHEPHERD, GEORGE 2,100 LEGERTON, HUNTER 1,300 PODLIN, HUNTER 500 MCREE, JACK 1,000 WESTBROOK, JAMES 1,000 WELCH, JOE 500 MCKOWN, JONATHAN 500 BOYD, JOSEPH 500 HENRICKSEN, JOSH 500 WILLIAMS, KYLE 1,000 ENRIQUEZ, MARCOS 1,000 BLANCHARD, MICHAEL 800 MONAHAN, SEAN 500 FALLON, SHAYNE 1,500 BJELCEVIC, STEFAN 500 KNIGHT, TYLER 500 WILLIAMS, WARREN 1,000 SHARON, WILL 500 MIZELL, WILLIAM 1,600 HARNEY, ZACH 500 GLENN A MERRITT RAYMOND JAMES FINANCIAL ADVIS 7764 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 DOUG BANGERT. 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 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 TAG - SERVICES 5,564 13,098 1,530 FORM 990, PART XI, LINE 9 PRIOR PERIOD ADJUSTMENT -2,300