Nancy Jones Beard Foundation
- Assets
- $12.6m
- Revenue
- $1.2m
- Investments
- $11.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2005
- Data as of
- 12/2022
- EIN
- 02-0735167
Organization Overview
Nancy Jones Beard Foundation is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nancy Jones Beard 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 12/2022, Nancy Jones Beard Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nancy Jones Beard Foundation has awarded 152 individual grants totaling $7,578,831. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene P Beard Trustee | 3 | $0 | |
Nancy J Beard Trustee | 3 | $0 | |
Gregory Scott Beard Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown Brother Harriman | 12/30/19 | $8,235 |
Brown Brothers Harriman | 12/30/19 | $98,894 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $504,210 |
| Interest on Savings | $0 |
| Dividends & Interest | $244,549 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $422,953 |
| Capital Gain Net Income | $422,953 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,710 |
| Total Revenue | $1,173,422 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,857 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $943 |
| Total operating and administrative expenses | $149,126 |
| Contributions, gifts, grants paid | $2,507,884 |
| Total expenses and disbursements | $2,657,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $993,125 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,754,725 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,623,075 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nancy Jones Beard Foundation has awarded $2,507,884 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY LEARNING CENTER PURPOSE: GENERAL SUPPORT | $51,235 |
CHURCH OF THE ASSUMPTION FOOD PANTRY PURPOSE: GENERAL SUPPORT | $1,000 |
THE WESTPORT WOMAN'S CLUB INC PURPOSE: GENERAL SUPPORT | $2,000 |
HOME SAFE PURPOSE: GENERAL SUPPORT | $202,292 |
WESTPORT PUBLIC LIBRARY PURPOSE: GENERAL PURPOSE | $500,011 |
PILCROW FOUNDATION PURPOSE: GENERAL PURPOSE | $500 |