Joe Beasley Memorial Foundation Inc
- Assets
- $247.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bessemer, AL
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 01-0649656
Organization Overview
Joe Beasley Memorial Foundation Inc is located in Bessemer, AL. The organization was established in 2002. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joe Beasley Memorial Foundation Inc 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, Joe Beasley Memorial Foundation Inc generated $3.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $3.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTING SACRED HARP AND SHAPE NOTE MUSIC. AMONG THE METHODS ARE GIVING AWAY BOOKS AND CDS, AND PROVIDING SCHOLARSHIPS FOR INDIVIDUALS WHO HAVE DEMONSTRATED AN INTEREST AND PARTICIPATED IN THE FIELDS OF SACRED HARP AND SHAPE NOTE MUSIC. THE FOUNDATION HAS ALSO SECURED LAND AND BEGUN SITE PREPARATION FOR A BUILDING IN WHICH TO ENGAGE IN ACTIVITIES TO PROMOTE SACRED HARP AND SHAPE NOTE MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Pena President | 2 | $0 | |
Richard L Schmeidler Treasurer | 2 | $0 | |
Henry Mcguire Director | 1 | $0 | |
Cora B Sweatt Record. Sec. | 2 | $0 | |
James M Beasley V. President | 2 | $0 | |
Thomas A Beasley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,379 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,393 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $868 |
| Printing, publications, postage, and shipping | $434 |
| Other expenses | $1,003 |
| Total expenses | $3,305 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,849 |
| Other assets | $0 |
| Total assets | $247,205 |
| Total liabilities | $0 |
| Net assets or fund balances | $247,205 |
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