Theo B Bean Foundation Inc
- Assets
- $1.1m
- Revenue
- $193.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 09/1992
- Data as of
- 12/2022
- EIN
- 58-1922435
Organization Overview
Theo B Bean Foundation Inc is located in Atlanta, GA. The organization was established in 1992. 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. Theo B Bean 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 12/2022, Theo B Bean Foundation Inc generated $193.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $142.4k during the year ending 12/2022. While expenses have increased by 7.1% 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.
Since 2017, Theo B Bean Foundation Inc has awarded 147 individual grants totaling $542,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick A Bean Board Member | 1 | $0 | |
Jeffrey B Bean Board Member | 1 | $0 | |
Matthew M Bean Board Member | 1 | $0 | |
Jonathan S Bean Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $61,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,941 |
| Capital Gain Net Income | $131,941 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $193,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $258 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,403 |
| Contributions, gifts, grants paid | $116,000 |
| Total expenses and disbursements | $142,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,945 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,094,219 |
| 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, Theo B Bean Foundation Inc has awarded $116,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD COLLEGE FUND - CLASS OF 2017 PURPOSE: HARVARD CLASS OF 2017 | $10,000 |
THE BRICK PRESBYTERIAN CHURCH PURPOSE: CAPITAL CAMPAIGN | $8,800 |
CANTERBURY SCHOOL PURPOSE: DEVELOPMENT | $7,874 |
CHILDREN'S HEALTHCARE FOUNDATION PURPOSE: GENERAL PURPOSE CONTRIBUTION | $6,000 |
UNIVERSITY OF THE SOUTH PURPOSE: SEWANEE FUND | $7,000 |
TALL TIMBERS PURPOSE: GENERAL PURPOSE CONTRIBUTION | $6,091 |