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 12/2022, 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 12/2022, Beehivefund Corporation generated $901.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $875.9k during the year ending 12/2022. While expenses have increased by 12.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 THE SHORTEST PERIOD OF TIME WHILE INCREASING MORALE AND PRODUCTIVITY OF THE WORKFORCE BY DEPLOYING OUR INNOVATIVE APPROACH CALLED "PRODUCT CENTRIC FLOW-THROUGH SYSTEM- AND PRACTICING QUANTUM LEAN AS THE FOUNDATION OF ORGANIZATIONAL SYSTEM IMPROVEMENT. THROUGH THIS MISSION, BEEHIVEFUND HELPS SMALL BUSINESSES ACHIEVE PROFITABLE GROWTH WHILE RETAINING EMPLOYEES AND HIRING ADDITIONAL EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIOR TO 2022, AS A HOST OF TEXAS MANUFACTURING ASSISTANCE CENTER (TMAC) IN THE TEXAS GULF COAST REGION, BEEHIVEFUND WAS PROVIDING CERTAIN SERVICES TO SMALL MANUFACTURERS WITH THE USE OF FEDERAL FUNDS WHICH WAS PROVIDED BY MEP (MANUFACTURING EXTENSION PARTNERSHIP). IN 2022, BEEHIVEFUND STOPPED HOSTING THIS PROGRAM WHICH ALLOWED US TO EXTEND OUR MARKET SERVED TO INCLUDE NON- MANUFACTURING ORGANIZATIONS, MINORITY-OWNED BUSINESSES, ORGANIZATIONS OUTSIDE THE TEXAS GULF COAST REGION AND MICRO-BUSINESSES WITH LESS THAN 30 EMPLOYEES. AS A RESULT OF ADDITIONAL ACTIVITIES DURING 2022, BEEHIVEFUND HAS BEEN ABLE TO REPLACE USING FEDERAL FUNDS WITH THEIR OWN FUNDS AND RESOURCES. BEEHIVEFUND HAS DEVELOPED A PROPRIETARY APPROACH TO ORGANIZATIONAL IMPROVEMENT CALLED "PRODUCT CENTRIC FLOW-THROUGH SYSTEM." USING THIS APPROACH AND IMPLEMENTING OUR PROPRIETARY QUANTUM LEAN METHOD, BEEHIVEFUND HELPS ORGANIZATIONS TO DEVELOP FUNDAMENTAL TURNAROUND STRATEGIES, OPERATIONAL PROCESS IMPROVEMENTS, AND CUSTOMER FOCUSED APPROACHES TO PRODUCT DEVELOPMENT AND MARKET EXPANSION. NUMEROUS SMALL BUSINESSES HAVE RECEIVED FREE-OF-CHARGE OR MINIMAL COST ASSISTANCE FROM BEEHIVEFUND AND DEPLOYED IMPROVEMENT STRATEGIES WITH GREAT SUCCESS. BEEHIVEFUND ACCOMPLISHES THIS BY BY WORKFORCE DEVELOPMENT THROUGH TRAINING IN A WORKSHOP FORMAT AND CONSULTING 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 MODELS THAT SIMULATE, PREDICT AND VISUALIZE SYSTEMS IN MANUFACTURING, MATERIAL HANDLING, HEALTHCARE, WAREHOUSING, AND LOGISTICS INDUSTRIES. SIMULATION APPLICATIONS HELP OPTIMIZE CURRENT AND PLANNED PROCESSES, IDENTIFY AND DECREASE WASTE, REDUCE COST, AND INCREASE REVENUE. WITH BEEHIVEFUND'S ASSISTANCE, ENTREPREANUERS, MICRO BUSINESSES, AND SMALL TO MEDIUM SIZED ENTERPRISES (SMES) ARE ALL ABLE TO GROW RAPIDLY AND CREATE MORE WELL-PAYING JOBS IN THE RESPECTIVE COMMUNITIES. ADDITIONALLY, BEEHIVEFUND PARTNERS WITH AND COLLABORATES WITH NON-PROFIT ORGANIZATIONS, COMMUNITY COLLEGES, AND SMALL BUSINESS DEVELOPMENT CENTERS (SBDC) TO REACH SMES. A FEW SUCH PARTNERS ARE: BAKER RIPLEY, TEXAS GULF COAST SBDC, MY CONNECT COMMUNITY, BAYOU MICRO FUND, KIVA, TEXAS HISPANIC CONSTRUCTION ASSOCIATION, PROJECTS MATTER, DIFY FOUNDATION, AND WHARTON COMMUNITY COLLEGE. IN 2022, BEEHIVEFUND ALSO APPLIED FOR THE DEPARTMENT OF LABOR'S SUSAN HARWOOD FEDERAL GRANT.
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. PERTINENT ACTIVITIES AND PARTNERSHIP WITH OTHER NON-PROFITS 1. IN 2022 WE APPLIED FOR THE DEPARTMENT OF LABOR'S SUSAN HARWOOD FEDERAL GRANT. 2. WE PROVIDED GUIDANCE/ADVICE TO STARTUPS/ENTREPRENEURS/VERY SMALL BUSINESSES WHO WERE SENT TO US VIA OUR PARTNER SMALL BUSINESS DEVELOPMENT CENTER, WEBSITE VISITS, AND WORD OF MOUTH. THESE SERVICES WERE PROVIDED AT NO CHARGE. A.PARTNERED WITH KIVA, A 501(C)3 U.S. NONPROFIT THE ENABLES CROWDFUNDED MICROLOANS FOR ENTREPRENEURS AND SMALL BUSINESSES. B.ADVISED TAMEIKA AARON, OWNER OF ZAYA BOUTIQUE. SHE IS LOOKING FOR SUPPLY CHAIN ASSISTANCE FOR HER CLOTHING TO SATISFY WALMART DEMAND FOR 300 STORES. C.GUS YOUNES, OWNER OF GUS'S KITCHEN. PROVIDED GUIDANCE ON PRELIMINARY STEPS/DECISIONS TO MAKE AND THE PITFALLS TO LOOK OUT FOR IN THE STARTUP MANUFACTURE AND DISTRIBUTION OF FOOD ITEMS (DRESSING AND MARINADE). D.PROMOTED BAYOU MICRO FUND, A NON-PROFIT 501 (C) (3) CORPORATION THAT PROVIDES INTEREST-FREE MICRO LOANS TO UNDER-SERVED, UN-BANKABLE ENTREPRENEURS. E.SUPPORTED PROJECTS MATTER, A COMMUNITY IMPACT SUPPORT ORGANIZATION WITH TECHNICAL ASSISTANCE WITH THEIR CLIENTS F.ASSISTED HTTPS://DIFYFOUNDATION.COM/ IN THEIR MISSION TO DEVELOPING INTEGRITY IN FAMILIES AND YOUTH FOUNDATION BY PROVIDING BUSINESS COACHING G.WORKED WITH JORGE MORA, PRESIDENT OF TEXAS HISPANIC CONSTRUCTION ASSOCIATION (TEXHCA) TO SUPPORT LATINO CONSTRUCTION ENTREPRENEURS WITH BUSINESS COACHING H.ASSISTED ARENA DESIGN IN CENSUS DOCUMENT FILING, ACCOUNTING NEEDS, INVENTORY AND PRODUCTION PREPARATION PROCESSES, AND BILL OF MATERIAL (BOM)WITH SCHEDULING TECHNIQUES. ADDITIONALLY, PROVIDED CONSULTANCY ON CUSTOMER RELATIONS, PRICE ADJUSTMENT, VENDOR RELATIONS AND MATERIAL RECEIVING PROCESS. 3. PARTNERED WITH AND ASSISTED BAKER RIPLEY, A NON-PROFIT CORPORATION, IN PROVIDING COACHING, TRAINING, AND CONSULTING SERVICES TO ENTREPRENEURS, MICRO-, AND SMALL-BUSINESSES. 4. PARTNERED WITH AND ASSISTED MY CONNECT COMMUNITY, A NON-PROFIT CORPORATION, IN PROVIDING COACHING, TRAINING, AND CONSULTING SERVICES TO MULTIPLE ENTREPRENEURS, MICRO-, AND SMALL-BUSINESSES. 5. PROVIDED CONSULTING SERVICES TO WOMEN-OWNED SMALL BUSINESS DELLA CASA PASTA FOR EXPANSION PLANS AND ECOMMERCE GROWTH STRATEGY. 6. BEEHIVEFUND INTRODUCES TEXAS STATE WORKFORCE GRANT CALLED, SKILL DEVELOPMENT FUNDS (SDF) TO SMALL BUSINESSES AND PROVIDES THEM WITH ADMINISTRATIVE AND APPLICATION PROCESS SUPPORT TO OBTAIN THIS GRANT. AMONG THESE ACTIVITIES, BEEHIVEFUND ASSISTS SMALL BUSINESSES TO IDENTIFY THEIR TRAINING NEEDS, DESIGNS COURSE CURRICULUM AND CONTENT, AND HELPS SCHEDULE EMPLOYEES OF DIFFERENT RANKS TO ATTEND THESE TRAINING COURSES. ADDITIONALLY, BEEHIVEFUND INTRODUCES THESE SMALL BUSINESSES TO ITS COMMUNITY COLLEGE PARTNERS SUCH AS SUCH AS LONE STAR COLLEGE, HOUSTON COMMUNITY COLLEGE, AND WHARTON COUNTY JUNIOR COLLEGE FOR MANAGING THE GRANT FUNDS DURING THE TRAINING PROCESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Sanders Director | Officer | 70 | $209,000 |
Sanju Patro Interim Chai | Officer | 58 | $194,463 |
Victor Perazzoli Employee | 40 | $112,391 | |
Mora Francelly Employee | 40 | $110,750 | |
John Mccausland Director | Trustee | 4.5 | $0 |
Mike Smith Director/cha | Trustee | 5.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $823 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $823 |
Total Program Service Revenue | $900,949 |
Investment income | $50 |
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 | $901,822 |
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. | $403,463 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $223,141 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $31,449 |
Payroll taxes | $40,254 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,314 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,084 |
Advertising and promotion | $0 |
Office expenses | $12,247 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $23,648 |
Travel | $74,104 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $7,944 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $875,946 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $283,938 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $63,480 |
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 | $10,000 |
Total assets | $357,418 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Other liabilities | $14,510 |
Total liabilities | $14,510 |
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 | $342,908 |
Total liabilities and net assets/fund balances | $357,418 |