Norwin S & Elizabeth N Bean Foundation
- Assets
- $12.8m
- Revenue
- $676.7k
- Investments
- $12.4m
- Employees
- 0
- Location
- Manchester, NH
- Founding
- 07/1966
- Data as of
- 12/2023
- EIN
- 02-6013381
Organization Overview
Norwin S & Elizabeth N Bean Foundation is located in Manchester, NH. The organization was established in 1966. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Norwin S & Elizabeth N Bean 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 12/2023, Norwin S & Elizabeth N Bean Foundation generated $676.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $767.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Norwin S & Elizabeth N Bean Foundation has awarded 344 individual grants totaling $5,701,532. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Dinkel Senior Trustee | 8 | $0 | |
Thomas J Donovan Senior Trustee | 8 | $2,500 | |
Richard Sigel Term Trustee | 4 | $1,500 | |
Katy Easterly-Martey Term Trustee | 4 | $1,500 | |
Robert Heaton Term Trustee | 4 | $2,500 | |
Kristen Mccracken Term Trustee | 4 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,509 |
| Dividends & Interest | $439,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $219,347 |
| Capital Gain Net Income | $219,347 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $676,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,826 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,456 |
| Total operating and administrative expenses | $168,511 |
| Contributions, gifts, grants paid | $598,726 |
| Total expenses and disbursements | $767,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $187,915 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $250,000 |
| Total assets | $12,833,022 |
| 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, Norwin S & Elizabeth N Bean Foundation has awarded $598,726 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF NH PURPOSE: PURCHASE POWER RED BLOOD MACHINE FOR MANCHESTER BLOOD CENTER | $15,622 |
ANDY'S SUMMER PLAYHOUSE PURPOSE: TO SUPPORT TOURING PRODUCTION PERFORMED BY YOUNG ARTISTS FOR YOUNG AUDIENCES - ALL TUITION FREE | $25,000 |
AVIATION MUSEUM OF NH PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMMING AND OUTREACH TO STUDENTS IN THE MANCHESTER SCHOOL DISTRICT AT MIDDLE AND HIGH SCHOOL LEVEL | $15,570 |
CITY OF MANCHESTER PURPOSE: ADDRESS HOMELESSNESS | $15,000 |
BREAKTHROUGH MANCHESTER PURPOSE: TO SUPPORT TUITION-FREE COLLEGE ACCESS PROGRAM FOR STUDENTS FROM MANCHESTER FROM TRADITIONALLY UNDERSERVED COMMUNITIES | $25,000 |
COMMUNITY CAREGIVERS OF DERRY PURPOSE: FOR MEDICAL EQUIPMENT | $5,000 |