Beacon Hill Preparatory Institute
- Assets
- $2.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 87
- Location
- Dallas, TX
- Founding
- 07/2006
- Data as of
- 06/2023
- EIN
- 42-1624235
Organization Overview
Beacon Hill Preparatory Institute is located in Dallas, TX. The organization was established in 2006. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Beacon Hill Preparatory Institute employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Hill Preparatory Institute 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 06/2023, Beacon Hill Preparatory Institute generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $3.2m during the year ending 06/2023. While expenses have increased by 38.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BEACON HILL SUPPLEMENTS EXISTING SCHOOL SYSTEMS AND PREPARES STUDENTS AND FAMILIES FOR SUCCESS BY PROVIDING READING AND MATH TUTORING, PARENT EDUCATION, COLLEGE PREPARATION, AND ENRICHMENT ACTIVITIES FOR STUDENTS IN SOUTH DALLAS AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEACON HILL PROVIDES IN-SCHOOL MATH AND READING TUTORING FOR LOW-INCOME K- 5TH GRADE STUDENTS IN PUBLIC AND CHARTER SCHOOLS IN THE DALLAS/FORT WORTH AREA. EACH CHILD RECEIVES ABOUT 2 HOURS OF TUTORING PER WEEK FOR 30 WEEKS. TUTORING IS PROVIDED BY TRAINED TEACHERS AT A 1:3 TEACHER/STUDENT RATIO USING PROVEN, STRUCTURED CURRICULUM (GIDEONMATHANDREADING.COM). SUPPLEMENTAL PROGRAMS ARE ALSO PROVIDED, SUCH AS ENRICHMENTS, INCENTIVES AND PARENT WORKSHOPS, TO ENHANCE THE STUDENT'S EDUCATIONAL JOURNEY AND INFORM AND ENGAGE PARENTS IN THE ACADEMIC PROCESS.
BEACON HILL'S AFTER-SCHOOL AND SUMMER BRIDGE PROGRAMMING CHANGES THE LIVES OF CHILDREN & PARENTS THROUGH: 1. ASSISTED MATH (PRESCHOOL-2ND GRADE): TUTORING TO YOUNG LEARNERS AT A STUDENT TO TEACHER RATIO OF 3 TO 1. PROVEN MATERIALS ARE USED TO CONDUCT A MATH ASSESSMENT, DEVELOP A STUDENT PROFILE AND THEN PROVIDE INDIVIDUALIZED, SELF-PACED TUTORING. 2. MATH FOR INDEPENDENT LEARNERS (3RD-12TH GRADE): AS STUDENTS PROGRESS IN THEIR CAPACITY THEY ARE MOVED TO A MORE INDEPENDENT LEARNING ENVIRONMENT WHERE THE TUTORING RATIO IS 4:1. 3. ASSISTED READING LEARNERS (PRESCHOOL-2ND GRADE): USES THE SAME APPROACH AS THE IN-SCHOOL LITERACY TUTORING PROGRAM (ABOVE). 4. READING FOR COMPREHENSION (3RD - 12TH GRADE). THIS PROGRAM IS TAUGHT USING THE GIDEON CURRICULUM AT A 4 TO 1 STUDENT/TEACHER RATIO. 5. PARENT ACADEMY - PARENT WORKSHOPS TO INFORM AND ENGAGE PARENTS IN THEIR CHILD'S EDUCATIONAL JOURNEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charnella Derry President & CEO | OfficerTrustee | 40 | $144,501 |
Robert T Bisor Board Chair | OfficerTrustee | 4 | $0 |
Troy Higgins Vice Chairman | OfficerTrustee | 1 | $0 |
Jan M Hamlin Treasurer | OfficerTrustee | 7 | $0 |
Vista Lyons Secretary | OfficerTrustee | 1 | $0 |
David Sheahan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $34,802 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,585,799 |
| Noncash contributions included in lines 1a–1f | $35,767 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,620,601 |
| Total Program Service Revenue | $2,707,483 |
| Investment income | $3,517 |
| 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 | $4,331,601 |
| 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. | $148,311 |
| Compensation of current officers, directors, key employees. | $14,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,043,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $161,033 |
| Payroll taxes | $168,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,375 |
| Fees for services: Accounting | $40,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $32,306 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,611 |
| Advertising and promotion | $15,195 |
| Office expenses | $427,966 |
| Information technology | $44,888 |
| Royalties | $0 |
| Occupancy | $18,490 |
| Travel | $11,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,597 |
| Interest | $12,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,858 |
| All other expenses | $0 |
| Total functional expenses | $3,233,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646,192 |
| Savings and temporary cash investments | $1,151,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $340,389 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,633 |
| Prepaid expenses and deferred charges | $1,309 |
| 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 | $2,150,402 |
| Accounts payable and accrued expenses | $27,316 |
| 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 | $148,519 |
| Other liabilities | $0 |
| Total liabilities | $175,835 |
| Net assets without donor restrictions | $1,674,567 |
| Net assets with donor restrictions | $300,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,150,402 |