BETA STATE FOUNDATION INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
BETA STATE FOUNDATION INC (EIN 23-2227223)
Tax period
2011-10-01 to 2012-09-30
Filed
2013-08-15
IRS object ID
201312279349301206
Schema version
2011v1.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-08-15T08:55:21-05:00Timestamp
Tax Period End Date2012-09-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ZELNICK MANN & WINIKUR PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1201 N PRESIDENTIAL BLVD STE 200AddressLine1
CityBALA CYNWYDCity
StatePAState
ZIP Code190041257ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-10-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN232227223EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1BETA STATE FOUNDATION INCBusinessNameLine1
Business Name Line2C/O KEN LEHRER CPABusinessNameLine2
FieldValueIRS element (for citing)
Name ControlBETANameControl
Phone6105818850Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1730 EAST RAILROAD AVENUEAddressLine1
Address Line2ROOM/SUITE 202AddressLine2
CityBRYN MAWRCity
StatePAState
ZIP Code19010ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameROBERT EISMANName
TitlePRESIDENTTitle
Phone6105818850Phone
Date Signed2013-05-09DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameRICHARD SCHEINOFFName
Phone6106640450Phone
Date Prepared2013-08-15DatePrepared
Self EmployedXSelfEmployed
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonKEN LEHRERNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1730 EAST RAILROAD AVENUEAddressLine1
CityBRYN MAWRCity
StatePAState
ZIP Code19010ZIPCode
FieldValueIRS element (for citing)
Gross Receipts6449GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1982YearFormation
State Legal DomicilePAStateLegalDomicile
Activity Or Mission DescriptionCONTRIBUTIONS ARE MADE TO PENNSYLVANIA STATE UNIVERSITY FOR THE PURPOSE OF GRANTING SCHOLARSHIPS AND OTHER ASSISTANCE TO DESERVING STUDENTS ATTENDING PENNSYLVANIA STATE UNIVERSITYActivityOrMissionDescription
Nbr Voting Members Governing Body3NbrVotingMembersGoverningBody
Nbr Independent Voting Members3NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year10580ContributionsGrantsPriorYear
Contributions Grants Current Year6020ContributionsGrantsCurrentYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year166InvestmentIncomePriorYear
Investment Income Current Year167InvestmentIncomeCurrentYear
Other Revenue Prior Year293OtherRevenuePriorYear
Other Revenue Current Year262OtherRevenueCurrentYear
Total Revenue Prior Year11039TotalRevenuePriorYear
Total Revenue Current Year6449TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year17000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY6000GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year7505OtherExpensePriorYear
Other Expenses Current Year10106OtherExpensesCurrentYear
Total Expenses Prior Year24505TotalExpensesPriorYear
Total Expenses Current Year16106TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-13466RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-9657RevenuesLessExpensesCY
Total Assets BOY806266TotalAssetsBOY
Total Assets EOY796609TotalAssetsEOY
Total Liabilities EOY0TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY806266NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY796609NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionCONTRIBUTIONS ARE MADE TO PENNSYLVANIA STATE UNIVERSITY FOR THE PURPOSE OF GRANTING SCHOLARSHIPS AND OTHER ASSISTANCE TO DESERVING STUDENTS ATTENDING PENNSYLVANIA STATE UNIVERSITYMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense6000Expense
Grants6000Grants
DescriptionCONTRIBUTIONS MADE TO THE PENNSYLVANIA STATE UNIVERSITY FOR THE PURPOSE OF GRANTING SCHOLARSHIPS AND OTHER ASSISTANCE TO DESERVING STUDENTS ATTENDING PENN STATE UNIVERSITYDescription

Activity Other ActivityOther

FieldValueIRS element (for citing)
Expense5269Expense
DescriptionCONTRIBUTIONS MADE TO THE PENNSYLVANIA STATE UNIVERSITY FOR THE PURPOSE OF GRANTING SCHOLARSHIPS AND OTHER ASSISTANCE TO DESERVING STUDENTS ATTENDING PENN STATE UNIVERSITYDescription
FieldValueIRS element (for citing)
Total Of Other Program Service Exp5269TotalOfOtherProgramServiceExp
Total Program Service Expense11269TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquipfalseReportLandBldgEquip
Report Invest Oth SecuritiestrueReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members3NbrVotingGoverningBodyMembers
Number Independent Voting Members3NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodyfalseForm990ProvidedToGoverningBody
Conflict Of Interest PolicyfalseConflictOfInterestPolicy
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledPAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonKENNETH LEHRERNamePerson
Telephone Number6106640450TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1730 E RAILROAD AVEAddressLine1
CityBRYN MAWRCity
StatePAState
ZIP Code19010ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (3 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
ROBERT EISMAN
PRESIDENT2.00XX000
LEE EPSTEIN
VICE PRES1.00XX000
KENNETH LEHRER
TREASURER1.00XX000
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
Membership Dues6020MembershipDues
Total Contributions6020TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column167TotalRevenueColumn
Related Or Exempt Function Income167RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionINCREASE IN CSVDescription
Total Revenue Column262TotalRevenueColumn
Related Or Exempt Function Income262RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue262TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column6449TotalRevenueColumn
Related Or Exempt Function Income429RelatedOrExemptFunctionIncome

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total6000Total
Program Services6000ProgramServices

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total3587Total
Management And General3587ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total1250Total
Management And General1250ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServices
BAD DEBTS50005000
OFFICE150150
SERVICE CHARGES104104
LICENSES1515

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total16106Total
Program Services11269ProgramServices
Management And General4837ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY28949BOY
EOY14496EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY80762BOY
EOY100839EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY37656BOY
EOY32656EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY652587BOY
EOY641858EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY6312BOY
EOY6760EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY806266BOY
EOY796609EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY806266BOY
EOY796609EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY806266BOY
EOY796609EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY806266BOY
EOY796609EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-9657ReconcilationRevenueExpenses
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedfalseFSAudited

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years29528CurrentTaxYearMinus4Years
Current Tax Year Minus2 Years1749CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year10580CurrentTaxYearMinus1Year
Current Tax Year6020CurrentTaxYear
Total47877Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years29528CurrentTaxYearMinus4Years
Current Tax Year Minus2 Years1749CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year10580CurrentTaxYearMinus1Year
Current Tax Year6020CurrentTaxYear
Total47877Total
FieldValueIRS element (for citing)
Public Support Total17047877PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years12643CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years27967CurrentTaxYearMinus3Years
Current Tax Year167CurrentTaxYear
Total40777Total
FieldValueIRS element (for citing)
Total Support88654TotalSupport
Gross Receipts From Admissions Etc429GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.54000PublicSupportPertcentage170
Public Support Pertcent Prior Year0.36690PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Disclosed Orgs Legal ControlfalseDisclosedOrgsLegalControl
Disclosed For Charitable PurposesfalseDisclosedForCharitablePurposes
Written Policy MonitoringfalseWrittenPolicyMonitoring
Sect170h Requirements SatisfiedfalseSect170hRequirementsSatisfied
Solicited Assets For SalefalseSolicitedAssetsForSale
Agent Trustee EtcfalseAgentTrusteeEtc
Included On FSfalseIncludedOnFS
Endowments Held By Unrelated OrgsfalseEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule RfalseAreRelatedOrgsListedScheduleR

Other Securities OtherSecurities

FieldValueIRS element (for citing)
DescriptionMORTGAGE RECEIVABLEDescription
Book Value641858BookValue
Method Of ValuationCMethodOfValuation
FieldValueIRS element (for citing)
Total Of Book Value Securities641858TotalOfBookValueSecurities

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedfalseRecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantSCHOLARSHIPTypeOfGrant
Amount Of Cash Grant6000AmountOfCashGrant

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ORGANIZATION'S MISSIONFORM 990 - ORGANIZATION'S MISSIONCONTRIBUTIONS ARE MADE TO PENNSYLVANIA STATE UNIVERSITY FOR THE PURPOSE OF GRANTING SCHOLARSHIPS AND OTHER ASSISTANCE TO DESERVING STUDENTS ATTENDING PENNSYLVANIA STATE UNIVERSITY
ALL OTHER ACCOMPLISHMENT DESCRIPTIONFORM 990, PAGE 2, PART III, LINE 4DCONTRIBUTIONS MADE TO THE PENNSYLVANIA STATE UNIVERSITY FOR THE PURPOSE OF GRANTING SCHOLARSHIPS AND OTHER ASSISTANCE TO DESERVING STUDENTS ATTENDING PENN STATE UNIVERSITY
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BRETURNS ARE REVIEWED BY DIRECTORS AND OFFICERS BEFORE FILING
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS DISCLOSURE AVAILABLE UPON REQUEST

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