Tom Bearson Foundation
- Assets
- $78.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sartell, MN
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-3764980
Organization Overview
Tom Bearson Foundation is located in Sartell, MN. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tom Bearson 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 12/2022, Tom Bearson Foundation generated $136.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $154.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO INCREASE COMMUNITY ACTIVITIES FOR YOUTH WITHIN THE COMMUNITY THROUGH PROMOTION OF INTEREST AND PARTICIPATION OF YOUTH OF ALL AGES IN BASKETBALL, PROVISION OF FUNDING FOR STUDENT SCHOLARSHIPS AND YOUTH BASKETBALL PROGRAMS, AND PARTNER WITH ORGANIZATIONS THAT PROMOTE ON AND OFF CAMPUS SAFETY FOR ALL COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Bearson Director | 2 | $0 | |
Deb Bearson Director | 2 | $0 | |
Dana Fischer Director | 2 | $0 | |
Cheryl Lovitz Director | 1 | $0 | |
Dave Fischer Director | 1 | $0 | |
Greg Neeser Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,452 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $372 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $136,824 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $385 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $153,256 |
| Total expenses | $154,641 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,693 |
| Other assets | $0 |
| Total assets | $78,693 |
| Total liabilities | $0 |
| Net assets or fund balances | $78,693 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tom Bearson Foundation has recieved totaling $40,434.
| Awarding Organization | Amount |
|---|---|
Communitygiving St Cloud, MN PURPOSE: GEN/OPER SUPPORT | $35,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Transitions Chartered School Minneapolis, MN | $28,235,035 | $63,864,968 |
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
College Possible Saint Paul, MN | $23,283,310 | $31,201,183 |
Midwest Dairy Association Saint Paul, MN | $7,228,337 | $23,101,295 |
Und Sports Facilities Inc Grand Forks, ND | $57,543,376 | $14,333,337 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
St Paul City School St Paul, MN | $6,285,490 | $9,442,026 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Minnesota Society Of Certified Public Accountants Bloomington, MN | $11,208,207 | $6,449,608 |