2014-08-12T14:55:04-05:00 2013-12-31 202061537 STERK & ASSOCIATES CPAS LLC 5064 ROSWELL RD NE STE B 201 ATLANTA GA 303422266 990 2013-01-01 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 2014-08-12 true JEFF T LETNER P01253173 4042559363 2014-08-12 2013 2015-11-30 17:44:51Z DOUGLAS A BANGERT JR 101 SPAULDING COURT BRUNSWICK GA 315256816 181204 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. 20 20 0 35 0 79695 100663 0 22830 26862 0 102525 127525 20250 18500 0 0 0 556 65167 65469 85417 83969 17108 43556 925967 1087412 1300 925967 1086112 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 51283 18500 IN 2013, THE FOUNDATION WAS PLEASED TO AWARD A TOTAL OF 18,500 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 4,500. NON-PROGRAM EXPENSES FOR THE YEAR OF 2013 TOTALED 32,130. 51283 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 20 20 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 A JOSEF DELISLE TRUSTEE 2.00 X 0 0 0 LEE AKRIDGE TRUSTEE 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 H ALLEN ECKER PHD TRUSTEE 1.00 X 0 0 0 DOUG BANGERT TREASURER 1.00 X X 0 0 0 KEITH D JACKSON TRUSTEE 1.00 X 0 0 0 MATT NIX TRUSTEE 1.00 X 0 0 0 GLEN A MERRITT CHAIRMAN 1.00 X X 0 0 0 CHARLES D OVERSTREET TRUSTEE 1.00 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 LLOYD FARR TRUSTEE 1.00 X 0 0 0 WAYNE STEWART FINANCE 1.00 X X 0 0 0 DEREK PORTER TRUSTEE 1.00 X 0 0 0 MURRAY GRIFFIN DISBURSEMENT 1.00 X X 0 0 0 STEVEN NEEL TRUSTEE 1.00 X 0 0 0 false false false 6100 94563 100663 21784 21784 58757 53679 5078 5078 5078 6100 127525 5078 21784 X 18500 18500 750 750 6377 6377 24878 4095 20443 340 221 221 3743 3527 216 24151 23688 463 BELL CHAPTER CHALLENGE 5000 5000 ADMINISTRATIVE EXPENSES 457 457 MISCELLANEOUS -108 -108 83969 51283 32130 556 18188 9820 86175 105442 821604 972150 925967 1087412 1300 0 1300 X 925967 1086112 925967 1086112 925967 1087412 43556 112298 4291 X false false false X 85149 55774 45274 79695 100663 366555 85149 55774 45274 79695 100663 366555 366555 16623 16352 19677 21236 21784 95672 462227 0.79300 0.83470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INVESTMENTS - EQUITIES 638122 F INVESTMENTS - FIXED INCOME 287283 F INVESTMENTS - OTHER 46745 F 972150 MEMBER DEPOSITS 1300 1300 true SCHOLARSHIPS 22 18500 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 2012: JUSTIN SMITH - 1,000 JIMMY SMITH - 1,000 BRADLEY MEARS - 1,000 TRAV HARRIS - 1,000 JACOB ZIEGLER - 750 JIMMY SMITH - 750 JUSTIM SMITH - 750 KILLIAN MONLEY - 750 SEAN MONAHAN - 1,000 ALEX MORAN - 500 CONNOR DONOVAN - 500 DANIEL WISE - 500 WILL HERGENRADER - 500 SPRING 2013: HAYDEN ASQUITH - 1,000 JOSEPH CAFORIO - 1,000 WILLIAM MIZELL - 1,000 DANIEL HULL - 1,000 ALEXANDER MORAN - 1,000 HAYDEN ASWUITH - 750 LOGAN EASTERWOOD - 750 TRAVIS HARRIS - 1000 JACK HYNES - 1000 GLEN A MERRITT RAYMOND JAMES FINANCIAL ADVIS 6377 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 BANK SERVICE FEES 0 53 0 PAYPAL FEES 0 945 0 TAG - POSTAGE/COPIES 0 3,064 340 TAG - SERVICES 4,095 16,381 0