Beehivefund Corporation

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Sanders
Director
$222,000
Sanju Patro
President
$194,463
Victor Perazzoli
Employee
$106,641
Steve Anderson
Secretary
$0
Al Samman
Director/tre
$0
Mehran Tahmassebi
Director
$0

Financial Statements

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

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