Beech Capital Venture Corporation
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $412.6k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/2002
- Data as of
- 12/2023
- EIN
- 23-3100744
Organization Overview
Beech Capital Venture Corporation is located in Philadelphia, PA. The organization was established in 2002. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beech Capital Venture Corporation 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, Beech Capital Venture Corporation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 69.5% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 71.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Scott Chairman | 5 | $0 | |
Larry Griffin Secretary/tr | 5 | $0 | |
Bernard Savage Director | 5 | $0 | |
Lisa Williams Director | 1 | $0 | |
Victor Rozier Director | 1 | $0 | |
Robert Nottingham Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,617,384 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,862 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,930 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,857 |
| Total Revenue | $1,624,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $25,600 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,597,638 |
| Total operating and administrative expenses | $1,636,938 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,636,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,715 |
| Savings and temporary cash investments | $875,205 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $51,400 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $3,441 |
| 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 | $0 |
| Total assets | $1,402,405 |
| Accounts payable and accrued expenses | $30,000 |
| 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 | $30,000 |