Beacon Foundation Charitable Tr
- Assets
- $7.4m
- Revenue
- $2.0m
- Investments
- $6.5m
- Employees
- 0
- Location
- Kennesaw, GA
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 26-6684203
Organization Overview
Beacon Foundation Charitable Tr is located in Kennesaw, GA. The organization was established in 2009. 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. Beacon Foundation Charitable Tr 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 12/2021, Beacon Foundation Charitable Tr generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $781.4k during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 7 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 2016, Beacon Foundation Charitable Tr has awarded 144 individual grants totaling $4,587,000. 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.
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 |
|---|---|---|---|
Elizabeth Smith Williams Trustee | 2 | $100,000 | |
Catherine M Smith Trustee | 0 | $0 | |
Craig Douglas Smith Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $445,159 |
| Interest on Savings | $140 |
| Dividends & Interest | $329,089 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,183,012 |
| Capital Gain Net Income | $1,183,012 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,957,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,259 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,000 |
| Printing and publications | $0 |
| Other expenses | $791 |
| Total operating and administrative expenses | $116,358 |
| Contributions, gifts, grants paid | $665,000 |
| Total expenses and disbursements | $781,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $972,703 |
| 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 | $0 |
| Total assets | $7,447,110 |
| 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, Beacon Foundation Charitable Tr has awarded $665,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Chattanooga, TN PURPOSE: "GLOBAL SCHOLARS" PROGRAM - PROVIDE UNIQUE LEARNING AND EXPLORATORY EXPERIENCES NOT TYPICALLY AVAILABLE TO STUDENTS | $100,000 |
CRISIS CONTROL MINISTRY PURPOSE: OPERATIONAL SUPPORT AND UTILITY ASSISTANCE FOR FAMILIES IN CRISIS | $80,000 |
CHILDREN'S HOME SOCIETY OF NORTH CAROLINA PURPOSE: FUND "WISE GUYS" PROGRAMS IN VARIOUS NC COUNTIES TO HELP REDUCE TEEN PREGNANCY. | $75,000 |
KENNESAW STATE - HONORS COLLEGE & PRESIDENT'S EMERGING GLOBAL SCHOLARS PURPOSE: SUPPORT HIGH-POTENTIAL ACADEMIC RECRUITMENT PROGRAM - SCHOLARSHIPS FOR TRAVEL ASSOCIATED WITH STUDY ABROAD AND SHARED READING PROGRAM | $40,000 |
UNIVERSITY OF ALABAMA AT BIRMINGHAM PURPOSE: PROVIDE FUNDS FOR STUDENT EMERGENCY FUND, ARTPLAY EDUCATION PROGRAM, HONORS COLLEGE NEW STUDENT RETREAT, AND BLAZER KITCHEN - ON CAMPUS FOOD PANTRY FOR STUDENTS AND EMPLOYEES OF THE UNIVERSITY | $40,000 |
Chattanooga, TN PURPOSE: FUNDING FOR OUT OF SCHOOL TIME PROGRAMMING FOR GIRLS, INC. AND IN-SCHOOL PROGRAMMING FOR LITERACY PROGRAM. | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |