Beacon Community Foundation Inc

Organization Overview

Beacon Community Foundation Inc is located in Scobey, MT. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community 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. Beacon Community 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 12/2021, Beacon Community Foundation Inc generated $389.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $163.2k during the year ending 12/2021. While expenses have increased by 5.8% 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

THE FOUNDATION ACCEPTS ENDOWMENT INVESTMENTS FROM INDIVIDUALS AND ORGANIZATIONS FOR CHARITABLE PURPOSES. THE FOUNDATION EARNS RETURNS ON SAID INVESTMENTS, PAYS OPERATING EXPENSES AND ISSUES GRANTS FOR CHARITABLE PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION ACCEPTS ENDOWMENT INVESTMENTS FROM INDIVIDUALS AND ORGANIZATIONS FOR CHARITABLE PURPOSES. THE FOUNDATION EARNS RETURNS ON SAID INVESTMENTS, PAYS OPERATING EXPENSES AN ISSUES GRANTS FOR CHARITABLE PURPOSES.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Wolfe
President
$0
Deanna Ferestad
Secretary
$0
Felix Gilbertson
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$254,455
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$254,455
Total Program Service Revenue$0
Investment income $22,163
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $112,880
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $389,498

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Beacon Community Foundation Inc has recieved totaling $11,848.

Awarding OrganizationAmount
Montana Community Foundation Inc

Helena, MT

PURPOSE: 2021 ANNUAL DISTRIBUTION

$11,812
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$36
View Grant Recipient Profile

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