George T & Joan M Beck Foundation Inc
- Assets
- $692.3k
- Revenue
- $122.9k
- Investments
- $611.7k
- Employees
- 0
- Location
- Ocean Ridge, FL
- Founding
- 02/2010
- Data as of
- 12/2023
- EIN
- 26-1570128
Organization Overview
George T & Joan M Beck Foundation Inc is located in Ocean Ridge, FL. The organization was established in 2010. 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. George T & Joan M Beck 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 12/2023, George T & Joan M Beck Foundation Inc generated $122.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $205.4k during the year ending 12/2023. While expenses have increased by 5.6% 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.
Since 2015, George T & Joan M Beck Foundation Inc has awarded 198 individual grants totaling $1,197,408. 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 |
|---|---|---|---|
George T Beck Director Pre | 0 | $0 | |
Joan M Beck Director Sec | 0 | $0 | |
Thomas M Beck Director | 0 | $0 | |
Mary B O'donnell Director | 0 | $0 | |
James M Beck Director | 0 | $0 | |
Catherine B Bergeron Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,946 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $122,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,561 |
| Contributions, gifts, grants paid | $203,840 |
| Total expenses and disbursements | $205,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,918 |
| 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 | $1,700 |
| Total assets | $692,328 |
| 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, George T & Joan M Beck Foundation Inc has awarded $203,840 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL | $5,000 |
BETHESDA HOSPITAL FOUNDATION PURPOSE: GENERAL | $10,000 |
DIOCESE OF PALM BEACH PURPOSE: DIOCESAN SERVICES APPEAL | $8,500 |
CATHOLIC CHARITIES PURPOSE: BIRTHLINE LIFELINE | $1,000 |
CONSERVATIVE PARTNERSHIP INSTITUTE PURPOSE: GENERAL | $4,000 |
HOLLY TRINITY CHURCH PURPOSE: GENERAL | $4,000 |