Nonprofit · EIN 81-2227583
BETA GROUP
Tax-exempt · MINNEAPOLIS, MN 55413
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $489,970 | $394,548 | $95,422 | $69,252 | $14,200 | $55,052 |
| December 31, 2023 | 990 | $563,133 | $433,300 | $129,833 | $53,852 | $94,222 | -$40,370 |
| December 31, 2022 | 990 | $508,586 | $902,129 | -$393,543 | $25,434 | $195,637 | -$170,203 |
| December 31, 2021 | 990 | $708,466 | $685,558 | $22,908 | $180,516 | $2,709 | $177,807 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $452,345
- of which government grants
- $238,916
- Program service revenue
- $36,305
- Investment income
- $0
- Other revenue
- $1,320
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $68,699
- Salaries, compensation and benefits (total)
- $74,853
- Professional fundraising fees
- $0
- Legal fees
- $2,734
- Accounting fees
- $12,654
- Occupancy
- $14,139
- Travel
- $1,731
- Program services (functional)
- $332,712
- Management and general (functional)
- $52,266
- Fundraising (functional)
- $9,570
Balance sheet and other
- Total assets, start of year
- $53,852
- Total assets, end of year
- $69,252
- Total liabilities, end of year
- $14,200
- Net assets, end of year
- $55,052
- Net assets without donor restrictions
- $55,052
- Gross receipts
- $489,970
- Employees
- 2
- Volunteers
- 25
- Year formed
- 2016
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cihan Behlivan | Executive Director Key employee | 40 | $105,664 |
| Michael Arulfo | Board Chair Trustee or director, Officer | 2 | $0 |
| Eva Rasmussen | Secretary Trustee or director, Officer | 2 | $0 |
| Ginny Richardson | Director Trustee or director | 1 | $0 |
| Matthew Soper | Director Trustee or director | 1 | $0 |
| Autumn Way | Director Trustee or director | 1 | $0 |
| Christopher Carlisle | Director Trustee or director | 1 | $0 |
| Garrio Harrison | Director Trustee or director | 1 | $0 |
| Luke Wendlandt | Director Trustee or director | 1 | $0 |
| Molly Doyle | Director Trustee or director | 1 | $0 |
| Christopher Taylor | Treasurer Officer | 2 | $0 |
| Allison Barmann | Vice Chair Officer | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Shelisa Demuth | Executive Director Key employee | 40 | $70,329 | $4,313 |
| Allison Barmann | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Reed Robinson | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Clarence Bethea | Director Trustee or director | 1 | $0 | $0 |
| Ryan Broshar | Director Trustee or director | 1 | $0 | $0 |
| Shonnah Hughes | Director Trustee or director | 1 | $0 | $0 |
| Aneela Idnani | Director Trustee or director | 1 | $0 | $0 |
| Kevin Mcardle | Director Trustee or director | 1 | $0 | $0 |
| Nels Pederson | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly Schultze | Executive Director Trustee or director, Officer | 40 | $46,519 |
| Allison Barmann | Board Chair Trustee or director, Officer | 2 | $0 |
| Reed Robinson | Secretary Trustee or director, Officer | 2 | $0 |
| Clarence Bethea | Director Trustee or director | 2 | $0 |
| Ryan Broshar | Director Trustee or director, Officer | 2 | $0 |
| Shonnah Hughes | Director Trustee or director | 2 | $0 |
| Aneela Idnani | Director Trustee or director | 2 | $0 |
| Kevin Mcardle | Directorq Trustee or director | 2 | $0 |
| Nels Pederson | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2021: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KELLY SCHULTZE | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $71,814 | $458 |
| ALLISON BARMANN | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| REED ROBINSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CLARENCE BETHEA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RYAN BROSHAR | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| SHONNAH HUGHES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANEELA IDNANI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN MCARDLE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NELS PEDERSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 34 13TH AVE NE STE B001, MINNEAPOLIS, MN 55413-1005
- Principal officer (990 for 2024)
- Christopher Taylor, 34 13th Avenue NE, Suite B001, Minneapolis, MN 55413
- Signed the 990
- Christopher Taylor, Treasurer
- Phone
- (612) 209-6691
- Website
- www.beta.mn
- Return prepared by
- Studio501 Inc
Mission
To accelerate the success of founders of Minnesota-based technology startups.
Program accomplishments
- Twin Cities Startup Week is a week long conference entailing many different startup education events. The conference attracts 1200 attendees and offers 180 sessions in 25 locations around the Twin Cities. The Twin Cities Startup Week is a community run event that offers promotion, exposure, and learning for all business owners who attend. The Beta Cohort is a free non-dilutive accelerator program that puts founders front and center to Minnesota's technology and innovation community. Together, founding teams learn, work, and grow our state's next great businesses. There are twenty companies that are part of the cohort which meet over four months. Cohort founders gain valuable insight on how to grow and scale their companies while Beta's community provides access to their resources and relationships required to achieve major milestones.Expenses $332,712 · revenue $236,103
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2227583
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $69,252
- Income (IRS master file)
- $489,970
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $489,970 | $394,548 | $69,252 | XML |
| 990 | December 2023 | $563,133 | $433,300 | $53,852 | XML |
| 990 | December 2022 | $508,586 | $902,129 | $25,434 | XML |
| 990 | December 2021 | $708,466 | $685,558 | $180,516 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-2227583).
Questions about BETA GROUP
- What is the EIN of BETA GROUP?
- The employer identification number (EIN) of BETA GROUP is 81-2227583.
- Is BETA GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to BETA GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BETA GROUP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BETA GROUP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BETA GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BETA GROUP?
- The 990 for the year ended December 31, 2024 names Christopher Taylor.
- Who are the officers and directors of BETA GROUP?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $105,664 (Cihan Behlivan, Executive Director).
- How much revenue does BETA GROUP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $489,970, expenses of $394,548 and total assets of $69,252 at year end.
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