Beito Foundation
- Assets
- $2.0m
- Revenue
- $62.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Thief River Falls, MN
- Founding
- 03/2000
- Data as of
- 05/2023
- EIN
- 41-1911994
Organization Overview
Beito Foundation is located in Thief River Falls, MN. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public 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. Beito Foundation 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 05/2023, Beito Foundation generated $62.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $181.1k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Beito Foundation has awarded 162 individual grants totaling $933,427. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Beito President | 2 | $0 | |
Gretchen E Beito Vice Pres, Sec, & Treasure | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $69,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,095 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,033 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,106 |
| Total operating and administrative expenses | $33,106 |
| Contributions, gifts, grants paid | $148,000 |
| Total expenses and disbursements | $181,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,565 |
| Savings and temporary cash investments | $1,042 |
| 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 | $816,085 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,968,551 |
| 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, Beito Foundation has awarded $148,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF GONVICK PURPOSE: CITY BEAUTIFICATION | $2,000 |
CITY OF MCINTOSH PURPOSE: CITY BEAUTIFICATION PROJECT | $2,000 |
CITY OF NEWFOLDEN PURPOSE: CITY BEAUTIFICATION | $2,000 |
CITY OF OKLEE PURPOSE: CITY BEAUTIFICATION | $2,000 |
CLEAR WATERS LIFE CENTER PURPOSE: PROGRAMMING | $1,000 |
CLEARWATER COUNTY HISTORICAL SOCIETY PURPOSE: PROGRAMMING | $1,000 |