Beta Sole Foundation
- Assets
- $143.7k
- Revenue
- $309.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Pleasant, MI
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 81-2815725
Organization Overview
Beta Sole Foundation is located in Mount Pleasant, MI. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beta Sole Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Beta Sole Foundation generated $309.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $289.6k during the year ending 12/2021. While expenses have increased by 16.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENT SCHOLARHIP PROGRAM
COMMUNITY MID MICHIGAN ASSISTANCE AND EVENTS
SKILL BUILDING EVENTS
MENTORSHIP PROGRAM W APPLIED WORK
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent L Demasi Bod | 0 | $0 | |
Bryan F Fettig CFO | 0 | $0 | |
Anthony A Demasi Director Of Operations | 0 | $0 | |
Samantha M Berryhill Director | 10 | $0 | |
Keyoumars Saeed Consultant | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $309,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $309,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,520 |
| Other employee salaries and wages | $68,115 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $13,500 |
| Travel, conferences, and meetings | $1,100 |
| Printing and publications | $2,950 |
| Other expenses | $0 |
| Total operating and administrative expenses | $127,775 |
| Contributions, gifts, grants paid | $161,870 |
| Total expenses and disbursements | $289,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,200 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $20,000 |
| Grants receivable | $75,000 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,810 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,702 |
| Total assets | $143,712 |
| Accounts payable and accrued expenses | $30,712 |
| Grants payable | $8,000 |
| Deferred revenue | $75,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $30,000 |
| Total liabilities | $143,712 |
Grants Awarded
Over the last fiscal year, Beta Sole Foundation has awarded $31,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MARIJANE MORSE PURPOSE: EDUCATION | $4,000 |
KIRTANA NIMMAKAYALA PURPOSE: EDUCATION | $3,000 |
AMAYA CORNELIUS PURPOSE: EDUCATION | $3,000 |
KENDAL BROWN PURPOSE: EDUCATION | $2,500 |
EMMAH COKER PURPOSE: EDUCATION | $2,000 |
JULIANNA GRENZ PURPOSE: EDUCATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Education Academy Akron, OH | $8,266,600 | $36,695,816 |
Ideastream Cleveland, OH | $47,798,321 | $23,794,645 |
Directions For Youth & Families Inc Columbus, OH | $17,494,170 | $7,448,441 |
Youth Intensive Services Youngstown, OH | $5,192,901 | $8,719,179 |
Catholic Youth Summer Camp Inc Centerburg, OH | $24,885,717 | $8,487,345 |
Brilliant Detroit Detroit, MI | $8,474,940 | $7,645,252 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
New City Kids Inc Grand Rapids, MI | $3,713,788 | $6,335,672 |
Gateway Woods Family Services Inc Leo, IN | $1,086,644 | $4,316,744 |
Fishers Soccer Club Inc Noblesville, IN | $3,814,503 | $3,510,504 |
Hype Athletics Community Inc Dearborn Heights, MI | $8,352,601 | $3,293,270 |