Beehivefund Corporation is located in Spring, TX. The organization was established in 2001. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Beehivefund Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beehivefund 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 12/2021, Beehivefund Corporation generated $853.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $931.1k during the year ending 12/2021. While expenses have increased by 16.2% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS BEEHIVEFUND'S MISSION TO ASSIST SMALL BUSINESSES ACHIEVE CULTURAL, OPERATIONAL, AND FINANCIAL IMPROVEMENTS IN SHORTEST PERIOD OF TIME WHILE INCREASING MORALE AND PRODUCTIVITY OF THE WORKFORCE IN ALL ORGANIZATIONS, ESPECIALLY IN SMALL BUSINESS BY DEPLOYING OUR INNOVATIVE APPROACH CALLED "PRODUCT CENTRIC FLOW-THROUGH SYSTEM."
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO OTHER ACTIVITIES, BEEHIVEFUND IS THE HOST OF THE TMAC GULF COAST PROGRAM. TMAC (FORMERLY THE TEXAS MANUFACTURING ASSISTANCE CENTER) IS PART OF THE MANUFACTURING EXTENSION PARTNERSHIP (MEP). MEP IS A FEDERAL PUBLIC-PRIVATE PARTNERSHIP THAT PROVIDES SMALL AND MEDIUM-SIZED MANUFACTURERS TECHNOLOGY-BASED SERVICES THEY NEED TO THRIVE IN TODAY'S ECONOMY AND CREATE WELL PAYING MANUFACTURING JOBS. MEP IS MANAGED BY THE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST), UNDER THE US DEPARTMENT OF COMMERCE, AND IMPLEMENTED THROUGH A NETWORK OF INDUSTRY-LED CENTERS LOCATED IN EVERY STATE. TMAC HAS 7 REGIONAL CENTERS IN TEXAS AND BEEHIVEFUND SERVE MANUFACTURERS IN THE HOUSTON GULF COAST AREA BY ASSISTING MANUFACTURERS ACHIEVE PROFITABLE GROWTH AND GLOBAL COMPETITIVENESS. IT ACCOMPLISHES THIS BY WORKFORCE DEVELOPMENT AND CONSULTING WITH MANUFACTUERS TO DEVELOP OR ENHANCE FUNDAMENTAL TURNAROUND STRATEGIES, OPERATIONAL PROCESS IMPROVEMENTS, OR CUSTOMER FOCUSED APPROACHES TO PRODUCT DEVELOPMENT AND MARKET EXPANSION. BEEHIVEFUND'S USE OF SIMULATION APPLICATIONS ALLOWS IT TO CREATE 3D SIMULATION SOFTWARE THAT MODEL, SIMULATE, PREDICT, AND VISUALIZE SYSTEMS IN MANUFACTURING, MATERIAL HANDLING, HEALTH CARE, WAREHOUSING, MINING,AND LOGISTICS INDUSTRIES. SIMULATION APPLICATIONS HELP OPTIMIZE CURRENT AND PLANNED PROCESSES,IDENTIFY AND DECREASE WASTE, REDUCE COST, AND INCREASE REVENUE. LIKEWISE, BEEHIVEFUND HAS DEVELOPED A PROPRIETARY APPROACH TO ORGANIZATIONAL IMPROVEMENT CALLED "PRODUCT CENTRIC FLOW-THROUGH SYSTEM." THIS APPROACH ALLOWS BEEHIVEFUND TO CONSULT WITH MANUFACTURERS TO DEVELOPOR ENHANCE FUNDAMENTAL TURNAROUND STRATEGIES, OPERATIONAL PROCESSIMPROVEMENTS, OR CUSTOMER FOCUSED APPROACHES TO PRODUCT DEVELOPMENT ANDMARKET EXPANSION.
"BEEHIVEFUND WAS GIVEN THE OPPORTUNITY TO PARTICIPATE IN THE NIST MEP EMERGENCY ASSISTANCE PROGRAM (CARES) FUNDING TO HELP TEXAS BUSINESSES IMPACTED BY THE COVID-19 PANDEMIC."
BEEHIVEFUND CORPORATION, THROUGH EXPERT BUSINESS MENTORS, IS DEDICATED TO HELPING SMALL BUSINESSES AND START-UPS GET OFF THE GROUND, GROW AND ACHIEVE THEIR GOALS. SINCE INCEPTION WE HAVE PROVIDED EDUCATION, TRAINING AND MENTORSHIP TO LOTS OF ENTREPRENEURS. ENTREPRENEURS CAN ACCESS FREE, CONFIDENTIAL BUSINESS MENTORING IN PERSON OR REMOTELY VIA EMAIL, PHONE AND VIDEO. MENTORS MEET WITH THEIR SMALL BUSINESS CLIENTS ON AN ONGOING BASIS TO PROVIDE CONTINUED ADVICE AND SUPPORT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Sanders Director | Officer | 70 | $222,000 |
Sanju Patro President | Officer | 58 | $194,463 |
Victor Perazzoli Employee | 40 | $106,641 | |
Steve Anderson Secretary | Officer | 2 | $0 |
Al Samman Director/tre | Officer | 2 | $0 |
Mehran Tahmassebi Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $242,883 |
All other contributions, gifts, grants, and similar amounts not included above | $6,571 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $249,454 |
Total Program Service Revenue | $604,343 |
Investment income | $48 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $853,845 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $416,463 |
Compensation of current officers, directors, key employees. | $41,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $198,899 |
Pension plan accruals and contributions | $33,845 |
Other employee benefits | $46,663 |
Payroll taxes | $39,069 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $10,131 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $11,351 |
Advertising and promotion | $0 |
Office expenses | $5,413 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $22,500 |
Travel | $31,613 |
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 | $0 |
All other expenses | $500 |
Total functional expenses | $931,057 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $452,611 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $61,301 |
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 | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $513,912 |
Accounts payable and accrued expenses | $1,251 |
Grants payable | $0 |
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 | $150,000 |
Other liabilities | $45,629 |
Total liabilities | $196,880 |
Net assets without donor restrictions | $0 |
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 | $317,032 |
Total liabilities and net assets/fund balances | $513,912 |
Organization Name | Assets | Revenue |
---|---|---|
Saudi Aramco Ret Welfare Ben Tr Houston, TX | $29,146 | $26,385,582 |
San Angelo Area Foundation San Angelo, TX | $221,834,647 | $42,062,458 |
Mercy Ships Foundation Lindale, TX | $100,019,661 | $12,520,932 |
Texas Womens Foundation Dallas, TX | $33,197,240 | $8,443,158 |
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Butcher Fund Houston, TX | $0 | $254,062 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |