Beadforlife
- Assets
- $838.2k
- Revenue
- $53.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Niwot, CO
- Founding
- 11/2005
- Data as of
- 06/2022
- EIN
- 20-1683139
Organization Overview
Beadforlife is located in Niwot, CO. The organization was established in 2005. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Beadforlife 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 06/2022, Beadforlife generated $53.7k 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 (39.4%) each year. All expenses for the organization totaled $461.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Beadforlife has awarded 50 individual grants totaling $646,110. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BEADFORLIFE JOINS WITH OTHER ORGANIZATIONS TO ERADICATE POVERTY THROUGH ENTREPRENEURIAL TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEADFORLIFE RECEIVES SALES OF INVENTORY FROM VOLUNTEERS ACROSS THE US. EXPENDITURES INCLUDE GENERAL OPERATING EXPENSES AND DONATIONS TO OTHER NON-PROFITS THAT SUPPORT ENTREPRENEURIAL TRAINING FOR PEOPLE LIVING IN POVERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassidy Murphy Secretary | Trustee | 2 | $0 |
Torkin Wakefield Chairman | Trustee | 2 | $0 |
Robin Seiz Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,504 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,459 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,783 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $450,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $701 |
| Fees for services: Accounting | $1,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,161 |
| Advertising and promotion | $1,683 |
| Office expenses | $542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,114 |
| All other expenses | $0 |
| Total functional expenses | $460,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,331 |
| Savings and temporary cash investments | $1,482 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $737,530 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $47,809 |
| Other assets | $0 |
| Total assets | $838,152 |
| Accounts payable and accrued expenses | $11,224 |
| Grants payable | $800,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $811,224 |
| Net assets without donor restrictions | $26,928 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $838,152 |
Grants Awarded
Over the last fiscal year, Beadforlife has awarded $646,110 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
Niwot, CO PURPOSE: GENERAL OPERATING SUPPORT | $42,120 |
Niwot, CO PURPOSE: GENERAL OPERATING SUPPORT | $42,120 |
Santa Monica, CA PURPOSE: GENERAL OPERATING SUPPORT | $26,669 |
Santa Monica, CA PURPOSE: GENERAL OPERATING SUPPORT | $26,669 |
Boulder, CO PURPOSE: GENERAL OPERATING SUPPORT | $26,091 |
Boulder, CO PURPOSE: GENERAL OPERATING SUPPORT | $26,091 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beadforlife has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Cordes Foundation Bethesda, MD PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zero Zero One Inc Wichita, KS | $296,480,303 | $56,363,793 |
Teammates For Kids Foundation Denver, CO | $83,190,071 | $4,700,598 |
David & Lezlie Hudiburg Family Fdn Foundation Oklahoma City, OK | $0 | $1,762 |
No Stone Unturned Foundation Manhattan, KS | $1,585,423 | $2,930,431 |
Advantage Services Inc Salt Lake City, UT | $843,736 | $2,788,376 |
Indygive Colorado Springs, CO | $121,334 | $1,846,981 |
Optometry Giving Sight Golden, CO | $2,784,890 | $1,767,795 |
David S And Norma R Lewis Foundation Tucson, AZ | $3,952,273 | $380,765 |
Colorado Open Golf Foundation Denver, CO | $3,987,949 | $1,603,447 |
Hays Medical Center Foundation Hays, KS | $31,885,927 | $2,730,676 |
Ok Foundation Salt Lake City, UT | $4,818,165 | $645,498 |
Isa Foundation Gilbert, AZ | $705,543 | $701,098 |