Beacon State Fund
- Assets
- $179.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/1997
- Data as of
- 12/2023
- EIN
- 74-2786655
Organization Overview
Beacon State Fund is located in Austin, TX. The organization was established in 1997. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Beacon State Fund 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 12/2023, Beacon State Fund generated $149.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $147.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BEACON STATE FUND WAS SET UP TO ENGAGE IN ACTIVITIES THAT EDUCATE AND IMPROVE CIVIC PARTICIPATION OF TEXAS CITIZENS BY PROMOTING COMMUNITY LEADERSHIP AND VOLUNTEERISM; BY FOSTERING READING AND LITERACY; AND BY HOLDING ONE OR MORE CONFERENCES ANNUALLY AND PERIODIC SEMINARS OR GATHERINGS TO DISCUSS, TEACH, ENCOURAGE, RECOGNIZE, OR OTHERWISE PROMOTE COMMUNITY LEADERSHIP, VOLUNTEERISM, READING, AND LITERACY; AND TO RECOGNIZE OUTSTANDING DEDICATION AND CONTRIBUTIONS TO THESE GOALS BY ALL TEXANS, ESPECIALLY BY WOMEN AND PARTICULARLY WOMEN IN THE PUBLIC SECTOR.
Describe the Organization's Program Activity:
Part 3
TEXAS WOMEN'S HALL OF FAME HONORS THE STATE'S MOST ACCOMPLISHED WOMEN. THE BIENNIAL AWARDS CEREMONY RECEIVES NOMINATIONS FROM MEMBERS OF THE PUBLIC TO RECOGNIZE THE ACHIEVEMENTS OF WOMEN IN TEXAS. INDUCTEES INCLUDE FIRST LADIES, TEACHERS, ASTRONAUTS, ATHLETES AND MANY MORE. THE AWARDS ARE HOUSED AT THE TEXAS WOMAN'S UNIVERSITY IN DENTON, TX AND IS OPEN TO THE PUBLIC TO LEARN THE ACCOMPLISHMENTS OF WOMEN THROUGHOUT THE STATE.
HOLIDAY WISHES PROJECT BENEFITS CHILDREN IN FOSTER CARE THROUGHOUT THE STATE OF TEXAS. FOSTER CARE YOUTH ARE SPONSORED DURING THE HOLIDAY SEASON AND GIFTS ARE PURCHASED FOR THE CHILDREN WITHIN FOSTER CARE.
THE WOMEN-OWNED BUSINESS SERIES IS A SERIES OFFERED TO ENTREPRENEURS AND BUSINESS OWNERS THROUGHOUT THE STATE OF TEXAS. THE SERIES IS AN OPPORTUNITY TO LISTEN, LEARN AND CONNECT WITH SUBJECT-MATTER EXPERTS AND SUPPORT SYSTEMS TO HELP INDIVIDUALS START AND/OR GROW A BUSINESS. IN 2021, THE SERIES REACHED OVER 1,500 INDIVIDUALS AND WAS ABLE TO PROVIDE RELEVANT INFORMATION AND RESOURCES TO ENTREPRENEURS AND BUSINESS OWNERS.
THE WOMEN-OWNED BUSINESS PITCH COMPETITION IS A PART OF THE WOMEN-OWNED BUSINESS SERIES. THE PITCH COMPETITION PROVIDES FINANCIAL ASSISTANCE TO WOMEN BUSINESS OWNERS THROUGHOUT TEXAS WITH ONE WINNER BEING CHOSEN FROM EACH REGION. THE COMPETITION WAS ABLE TO ASSIST 5 WOMEN-OWNED BUSINESSES AND 1 JUNIOR BUSINESS OWNER IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Guthrie Chair | 2 | $0 | |
Kori Gough Treasurer | 2 | $0 | |
Olivia Connett Secretary | 1 | $2 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,419 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,833 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $149,252 |
| 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 | $10,481 |
| Occupancy, rent, utilities, and maintenance | $5,097 |
| Printing, publications, postage, and shipping | $9,060 |
| Other expenses | $123,035 |
| Total expenses | $147,673 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $179,658 |
| Other assets | $0 |
| Total assets | $179,658 |
| Total liabilities | $0 |
| Net assets or fund balances | $179,658 |
Grants Awarded
Over the last fiscal year, Beacon State Fund has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SAVHERA PBC PURPOSE: Women-owned business pitch competition. | $7,500 |
STUMP FARMS PURPOSE: Women-owned Business pitch competition. | $7,500 |
EL PASO HISPANIC CHAMBER OF COMMERCE PURPOSE: Sponsorship to the Dancing Backwards in High Heels event | $10,000 |