2011-06-02T12:12:15-05:00 2010-12-31 STERK & ASSOCIATES CPAS LLC 5064 ROSWELL RD NE STE B 201 ATLANTA GA 303422266 990 2010-01-01 201217639 BETA PSI FOUNDATION INC BETA 4049626438 1170 PEACHTREE STREET NE 800 ATLANTA GA 303097706 DOUGLAS A BANGERT JR 4049626438 2011-05-18 true DENNIS J STERK 4042559363 2011-05-19 2010 2016-03-07 17:11:31Z A JOSEF DELISLE 1170 PEACHTREE STREET NE 800 ATLANTA GA 303097706 90706 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 85149 55774 0 -19519 4737 0 65630 60511 28000 9000 0 0 0 175 3088 10088 31088 19088 34542 41423 770408 882144 0 770408 882144 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 12424 9000 IN 2010, THE FOUNDATION WAS PLEASED TO AWARD A TOTAL OF 9,000 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 2,198. TOTAL NON-PROGRAM EXPENSES TOTALED 6,664. 12424 true true false false false false false false false false false false true false false 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 false true 0 0 0 false false false false false false false false false false false false X 21 21 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 5.00 X X 0 0 0 LEE AKRIDGE 1.00 X X 0 0 0 SANNY LANGLEY 1.00 X 0 0 0 REED R SMITH 1.00 X X 0 0 0 MICHAEL A DUNN 1.00 X X 0 0 0 G NILES BOLTON 1.00 X 0 0 0 WILLIAM H CLARK 1.00 X X 0 0 0 H ALLEN ECKER PHD 1.00 X 0 0 0 DOUG BANGERT 1.00 X 0 0 0 JOHN R HIGHTOWER III 1.00 X X 0 0 0 KEITH D JACKSON 3.00 X 0 0 0 J ALAN KENNEDY 1.00 X X 0 0 0 MURRAY GRIFFIN 1.00 X 0 0 0 ROBERT D MARTIN 1.00 X X 0 0 0 MATT NIX 1.00 X 0 0 0 GLEN A MERRITT 1.00 X X 0 0 0 CHARLES D OVERSTREET 1.00 X 0 0 0 JIM HAMILTON 1.00 X 0 0 0 DAVID BOWEN 1.00 X 0 0 0 CHARLES F TOUCHTON 1.00 X 0 0 0 MICHAEL SHUTT 1.00 X X 0 0 0 false false false 55774 55774 16352 16352 18580 30195 -11615 -11615 -11615 60511 -11615 16352 9000 9000 750 750 6211 1226 4810 175 633 633 2313 2198 115 BONUS EXPENSE 150 150 STATE FILING FEES 30 30 REFUNDS 1 1 19088 12424 6489 175 3 212414 228522 557994 653619 770408 882144 0 0 X 770408 882144 770408 882144 770408 882144 41423 70313 X false false false X 285745 313504 161151 85149 55774 901323 285745 313504 161151 85149 55774 901323 901323 5125 8804 10697 16623 16352 57601 958924 0.93990 0.95900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false MUTUAL FUNDS 653619 F EQUITIES F 653619 SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PAGE 4, PART XIV SCHEDULE D, PART XI, LINE 4 OTHER CHANGES IN NET ASSETS OR FUND BALANCES UNREALIZED GAIN ON INVESTMENTS NEEDED TO RECONCILE ENDING NET ASSETS: 70,313 true SCHOLARSHIPS 5 9000 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES 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 ADDITIONAL INFORMATION SCHEDULE I, PAGE 4, PART IV 2010 SCHOLARSHIP RECIPIENTS: BRADLEY MEARS 1,500 DOUGLASS COPPAGE 2,500 BRANDEN OWEN 2,500 MATTHEW STELLMAKER 1,000 JAKE PANTER 1,500 GLEN A MERRITT RAYMOND JAMES FINANCIAL ADVIS true ADDITIONAL INFORMATION SCHEDULE L PART V TRANSACTIONS WITH INTERESTED PARTIES THE FOUNDATIONS ENDOWMENT AND OPERATING ACCOUNTS ARE WITH RAYMOND JAMES GLEN MERRITT VICE 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 MERRITTS RELATIONSHIPS QUARTERLY RESULTS ARE MONITORED BY THE FINANCE COMMITTE CHAIRED BY ROBERT MARTIN ORGANIZATION'S MISSION 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. RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 GLEN A. MERRITT RAYMOND JAMES VP/TRUSTEE ACCOUNT MGR ACCOUNT MGR WHERE FUNDS HELD ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B BOARD REVIEWS THE FORM 990 AT THE FIRST BOARD MEETING AFTER ITS PREPARATION. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE AT PRINCIPAL OFFICE.