Beacon Inc

Organization Overview

Beacon Inc is located in Bloomington, IN. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Beacon Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon 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 12/2021, Beacon Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 18.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BEACON, INC. (BEACON) IS AN INDIANA NOT-FOR-PROFIT CORPORATION. BEACON IS A SOCIAL SERVICE AGENCY SERVING BLOOMINGTON, INDIANA AND SURROUNDING AREAS. ITS PRINCIPLE PROGRAMS INVOLVE PROVIDING MEALS AND SHELTER TO THOSE IN NEED, ASSISTING PEOPLE IN OBTAINING NECESSARY HOUSING, HEALTHCARE AND OTHER SOCIAL SERVICES, OFFERING EDUCATIONAL AND SELF-IMPROVEMENT OPPORTUNITIES, AND ASSISTING PEOPLE IN OBTAINING EMPLOYMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SHALOM CENTER: THE SHALOM CENTER IS BEACON'S DAY SHELTER AND OUR MAIN LOCATION, WHERE PHIL'S KITCHEN, RAPID-RE-HOUSING, AND STREET OUTREACH ALL WORK FROM. OPEN EVERY DAY FROM 8AM TO 4PM, SHALOM PROVIDES LIFE ESSENTIALS TO HELP PEOPLE STABILIZE IN TIMES OF NEED, INCLUDING: DAY SHELTER, BREAKFAST AND LUNCH (69,385 MEALS SERVED, INCLUDING 19,824 WEEKEND MEALS), EMERGENCY GROCERIES, RESTROOMS, SHOWERS (8,654), LAUNDRY (3,387 LOADS), STORAGE, TELEPHONES, A MAILING ADDRESS, BUS TICKETS (5,720), PRESCRIPTION AND HEALTH INSURANCE ASSISTANCE (43 PEOPLE), RENT AND UTILITY ASSISTANCE (209 HOUSEHOLDS), AND ACCESS TO HOUSING RESOURCES. SHALOM PLACE ALSO PROVIDED COUNSELING SESSIONS (7,850), ASSISTED PEOPLE WITHOUT HOMES (459, 53% OF WHOM MOVED INTO PERMANENT HOUSING), AND REUNITED HOMELESS PEOPLE WITH OUT-OF-TOWN FAMILIES (33). STREET OUTREACH SERVED 73 PEOPLE, 70% OF WHOM EXITED TO PERMANENT HOUSING.FRIEND'S PLACE: BEACON PROVIDES OVERNIGHT SHELTER TO PEOPLE EXPERIENCING HOMELESSNESS. FRIEND'S PLACE IS THE ONLY YEAR-ROUND, NONRELIGIOUS SHELTER FOR ADULTS (AGE 18+) IN OUR REGION. FRIEND'S PLACE PROVIDES 40 SAFE AND SOBER BEDS FOR MEN, WOMEN, AND GENDER NONBINARY PEOPLE. THE SHELTER OPENS DAILY AT 5;15PM. GUESTS MUST NOT BE UNDER THE INFLUENCE OF ALCOHOL OR ILLEGAL DRUGS, AND MONROE COUNTY RESIDENTS ARE GIVEN PRIORITY. FRIEND'S PLACE SHELTERED 368 PEOPLE FOR 18,230 BED-NIGHTS WITH AN AVERAGE LENGTH OF STAY OF 69 DAYS.CRAWFORD HOMES AND RAPID RE-HOUSING: AS A HOUSING FIRST ORGANIZATION, BEACON PRIORITIZES HOUSING FOR PEOPLE EXPERIENCING HOMELESSNESS. BEACON PROVIDES PERMANENT SUPPORTIVE HOUSING (CRAWFORD HOMES) FOR PEOPLE EXPERIENCING LONG-TERM HOMELESSNESS DUE TO DISABILITIES. CRAWFORD HOMES PROVIDED HOMES FOR 159 FORMERLY HOMELESS PEOPLE WITH DISABILITIES. RAPID REHOUSING FOR PEOPLE EXPERIENCING SHORT-TERM HOMELESSNESS WHO NEED LESS INTENSIVE SUPPORTS. RAPID RE-HOUSING HOUSED 110 FORMERLY HOMELESS PEOPLE, INCLUDING 100 PEOPLE IN FAMILIES (67 CHILDREN), AND PREVENTED HOMELESSNESS FOR 92 PEOPLE (35 CHILDREN).


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Board, Officers & Key Employees

Name (title)Compensation
Forrest Gilmore
Executive Director
$64,834
Carlene A Quinn
Vice President
$0
Jean Capler
President
$0
Von Welch
Treasurer
$0
Carol Watson
Secretary
$0
Michelle Bloom
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$86,134
Membership dues$0
Fundraising events$187,618
Related organizations$0
Government grants $3,463,967
All other contributions, gifts, grants, and similar amounts not included above$671,804
Noncash contributions included in lines 1a–1f -$122,647
Total Revenue from Contributions, Gifts, Grants & Similar$4,409,523
Total Program Service Revenue$34,171
Investment income $726
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 $4,444,420

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Beacon Inc has recieved totaling $85,795.

Awarding OrganizationAmount
United Way Of Monroe County Inc

Bloomington, IN

PURPOSE: Indigent food & shelter

$58,843
Community Foundation Of Bloomington And Monroe County Inc

Bloomington, IN

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$23,952
The Duke Energy Foundation

Charlotte, NC

PURPOSE: VIBRANT ECONOMIES

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$44,585
Earnings$9,019
Admin Expense$1,048
Ending Balance$52,556

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