Beacom Family Foundation
- Assets
- $3.8m
- Revenue
- $511.0
- Investments
- $3.7m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 81-4810569
Organization Overview
Beacom Family Foundation is located in Sioux Falls, SD. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Beacom Family 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, Beacom Family Foundation generated $511.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (43.4%) each year. All expenses for the organization totaled $246.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Beacom Family Foundation has awarded 51 individual grants totaling $606,344. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miles K Beacom Director | 0.1 | $0 | |
Lisa E Beacom Director | 0.5 | $0 | |
Alyssa A Beacom Director | 0.05 | $0 | |
Erin Beacom Director | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $81,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$81,099 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,096 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,354 |
| Total operating and administrative expenses | $23,631 |
| Contributions, gifts, grants paid | $223,000 |
| Total expenses and disbursements | $246,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,974 |
| 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 | $3,793,046 |
| 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, Beacom Family Foundation has awarded $223,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP DUDLEY HOUSE PURPOSE: UNRESTRICTED DONATION | $13,000 |
BLACK HILLS PARKS AND FOREST ASSOCIATION PURPOSE: WIND CAVE AND JEWEL CAVE | $10,000 |
FOOD BANK OF THE ROCKIES PURPOSE: MOBILE PANTRIES | $10,000 |
LUTHERANS SOCIAL SERVICES OF SD PURPOSE: SERVES PEOPLE OF ALL AGES, RACES, FAITHS, AND ECONOMIC LEVELS WITH PROFESSIONAL, CONFIDENTIAL AND AFFORDABLE SERVICES. | $5,000 |
NAMI - CENTRAL TEXAS PURPOSE: UNRESTRICTED DONATION | $7,500 |
SAN MARCO CATHOLIC CHURCH MARCO ISLAND PURPOSE: PARISH NEEDS | $25,000 |