Beacon Foundation
- Assets
- $2.7m
- Revenue
- $56.4k
- Investments
- $2.5m
- Employees
- 0
- Location
- Warwick, RI
- Founding
- Data as of
- 12/2021
- EIN
- 85-4065871
Organization Overview
Beacon Foundation is located in Warwick, RI. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon 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 12/2021, Beacon Foundation generated $56.4k in total revenue.
Since 2021, Beacon Foundation has awarded 50 individual grants totaling $109,050. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GIVING AND GRANT MAKING TO 501(C)(3) ORGANIZATIONS. THE FOUNDATION SUPPORTED 50 ORGANIZATIONS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian J Spero President, CEO & Director | 1 | $0 | |
Raymond C Coia Director | 1 | $0 | |
Amy C Vitale Vice President, Secretary & Director | 1 | $0 | |
Rajani Mahadevan Director | 1 | $0 | |
Pamela L Alarie Director | 1 | $0 | |
Richard Lento Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $41,009 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,377 |
| Capital Gain Net Income | $15,377 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $387 |
| Other expenses | $114 |
| Total operating and administrative expenses | $22,712 |
| Contributions, gifts, grants paid | $109,050 |
| Total expenses and disbursements | $131,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,238 |
| Savings and temporary cash investments | $68,857 |
| 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 | $2,654,348 |
| 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, Beacon Foundation has awarded $109,050 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR LABOR STUDIES & RESEARCH PURPOSE: GENERAL SUPPORT | $20,000 |
CPCU SOCIETY RHODE ISLAND CHAPTER PURPOSE: GENERAL SUPPORT | $5,000 |
RI COMMUNITY FOOD BANK PURPOSE: GENERAL SUPPORT | $5,000 |
Providence, RI PURPOSE: GENERAL SUPPORT | $5,000 |
BISHOP FEEHAN HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |
COMMUNITY COLLEGE OF RHODE ISLAND PURPOSE: GENERAL SUPPORT | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Finance Inc Boston, MA | $95,994,128 | $81,693,226 |
Ronald Mcdonald House Charities Of New England Inc Providence, RI | $13,354,582 | $3,524,110 |
Meredith And Whitney George Family Foundation Inc Darien, CT | $42,895,388 | $5,882,400 |
Roberta And Stephen R Weiner Family Foundation Boston, MA | $91 | $1,659,524 |
Fels Family Foundation Worcester, MA | $22,625,380 | $1,781,674 |
Cadmus Life Sharing Association Inc Great Barrington, MA | $381,215 | $1,271,718 |
Womens Fund Of Western Massachusetts Springfield, MA | $3,662,382 | $808,253 |
Keystone Group Middletown, RI | $0 | $571,664 |
Friends Of Matenwa Inc Cambridge, MA | $1,411,488 | $967,436 |
A Global Chorus Foundation Wellesley, MA | $32,966,979 | $507,083 |
437 Essex Inc Beverly, MA | $4,399,371 | $786,160 |
Empower Her Network Inc New London, CT | $467,652 | $731,997 |