Beasley Family Foundation Inc
- Assets
- $462.2k
- Revenue
- $36.6k
- Investments
- $452.9k
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 04/1987
- Data as of
- 09/2023
- EIN
- 42-1263942
Organization Overview
Beasley Family Foundation Inc is located in Mason City, IA. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Beasley Family 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 09/2023, Beasley Family Foundation Inc generated $36.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $29.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Beasley Family Foundation Inc has awarded 116 individual grants totaling $285,500. 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 |
|---|---|---|---|
Byron T Beasley Pres/treas/s | 0 | $0 | |
Stephen T Beasley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,013 |
| Capital Gain Net Income | $20,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $953 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $113 |
| Total operating and administrative expenses | $2,466 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $29,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,140 |
| Savings and temporary cash investments | $8,136 |
| 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 | $416,604 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $462,198 |
| 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, Beasley Family Foundation Inc has awarded $27,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: UNRESTRICTED | $500 |
DRAKE UNIVERSITY PURPOSE: GREATEST NEED | $1,500 |
COLLEGE OF MEDICINE DEVELOPMENT FD PURPOSE: UNRESTRICTED | $1,500 |
FRIENDS OF THE DSM BOTANICAL GARDEN PURPOSE: UNRESTRICTED | $500 |
HCI FOUNDATION PURPOSE: UNRESTRICTED | $500 |
HEIFER PROJECT INTERNATIONAL PURPOSE: UNRESTRICTED | $1,000 |