Beck Foundation Inc
- Assets
- $3.0m
- Revenue
- $639.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Atlanta, IN
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 35-2052617
Organization Overview
Beck Foundation Inc is located in Atlanta, IN. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Beck Foundation Inc generated $639.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $537.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Beck Foundation Inc has awarded 174 individual grants totaling $1,104,655. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Beck Director | 0 | $0 | |
Glendia Beck Director | 0 | $0 | |
Corey Beck Treasurer | 0 | $0 | |
Kimberly Marschand Director | 0 | $0 | |
Tracey Beck Director | 0 | $0 | |
Tom Dafnos Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $536,842 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,377 |
| Net Rental Income | $26,547 |
| Net Gain on Sale of Assets | $25,686 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $639,725 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,598 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,124 |
| Total operating and administrative expenses | $26,397 |
| Contributions, gifts, grants paid | $510,962 |
| Total expenses and disbursements | $537,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $199,861 |
| 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 | $939,380 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,810,913 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,950,154 |
| 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, Beck Foundation Inc has awarded $225,600 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
AMER CENTER FOR LAW & JUS PURPOSE: DEFEND CONSTITUTIONAL LIBERTIES | $2,000 |
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT FOR CANCER RESEARCH | $1,000 |
ARK CHRISTIAN CHURCH MINISTRIES PURPOSE: RELIGIOUS PROGRAMMING | $2,500 |
FAMILY LIFE TODAY PURPOSE: PROMOTE FAMILY ACTIVITIES | $5,000 |
BOYS & GIRLS CLUB - TIPTON COUNTY PURPOSE: PROMOTE YOUTH PROGRAMS | $2,000 |
FARMHOUSE FOUNDATION PURPOSE: PROMOTE YOUTH FARMING | $3,000 |