Beaty-Martinez Foundation Inc
- Assets
- $2.2m
- Revenue
- $568.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 10/2019
- Data as of
- 12/2023
- EIN
- 84-2351834
Organization Overview
Beaty-Martinez Foundation Inc is located in Scottsdale, AZ. The organization was established in 2019. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beaty-Martinez 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 12/2023, Beaty-Martinez Foundation Inc generated $568.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $119.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Beaty-Martinez Foundation Inc has awarded 47 individual grants totaling $534,751. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED TO 12 NON PROFIT SCHOOLS OR CHARITABLE ORGANIZATIONS FOR MISC DONATIONS AND FOR GRANTS TO PURCHASE NEW EQUIPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Beaty Director | 1 | $0 | |
Manny Martinez Director | 1 | $0 | |
Felipe Estrella Director | 1 | $0 | |
Melinda Murillo Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $520,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,176 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $568,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,331 |
| Total operating and administrative expenses | $8,581 |
| Contributions, gifts, grants paid | $110,449 |
| Total expenses and disbursements | $119,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $815,106 |
| 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 | $2,222,507 |
| 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, Beaty-Martinez Foundation Inc has awarded $110,449 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $30,000 |
GRAND CANYON UNIVERSITY PURPOSE: SCHOLARSHIPS | $10,000 |
UNIVERSITY OF ARIZONA PURPOSE: SCHOLARSHIPS | $20,000 |
TUCSON JEWISH COMMUNITY CENTER PURPOSE: GRANTS | $5,000 |
ARIZONA HUMANE SOCIETY PURPOSE: GRANTS | $2,500 |
KITCHEN ON THE STREET PURPOSE: GRANTS | $10,000 |