Paul Mcbeth Foundation
- Assets
- $456.0k
- Revenue
- $320.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Sarasota, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-4192566
Organization Overview
Paul Mcbeth Foundation is located in Sarasota, FL. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Paul Mcbeth Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul Mcbeth 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 12/2023, Paul Mcbeth Foundation generated $320.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $229.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND INTRODUCE SUSTAINABLE DISC GOLF EXPERIENCES IN UNDERSERVED LOCATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PAUL MCBETH FOUNDATION PARTNERS WITH STRONG COMMUNITY LEADERS WHO CAN CATCH OUR VISION FOR THE OPPORTUNITIES AND BENEFITS DISC GOLF CAN PROVIDE. WE WALK ALONGSIDE OUR PARTNERS FROM CONCEPT TO INSTALLATION AND ARE COMMITTED TO PROVIDING ONGOING SUPPORT TO EACH OF OUR PROJECT PARTNERS. TO ALLEVIATE OUR PARTNERS' BURDEN, FUNDRAISING EFFORTS COVER ALL COSTS ASSOCIATED WITH THE INITIAL INVESTMENT OF INSTALLING A DISC GOLF COURSE. OUR TEAM HAS SEEN FIRSTHAND THE POSITIVE IMPACT THAT DISC GOLF HAS ON ENHANCING COMMUNITIES AND EMPOWERING INDIVIDUALS. WE BELIEVE DISC GOLF SHOULD BE ACCESSABLE TO EVERY HUMAN ON THE PLANET. THE FOUNDATION INSTALLED 8 DISC GOLF COURSES IN 4 DIFFERENT COUNTRIES WITH ONE ONGOING PROJECT FOR 2 ADDITIOANL COURSES IN ANOTHER NEW COUNTRY IN 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nate Heinold Chair | OfficerTrustee | 5 | $0 |
Aaron Brown Co-Chair | OfficerTrustee | 1 | $0 |
Justin Alderman Secretary | OfficerTrustee | 2 | $0 |
Brandon Hibbard Treasurer | OfficerTrustee | 2 | $0 |
Blake Iverson Board Member | Trustee | 1 | $0 |
Jeff Mackeigan Board Member | Trustee | 1 | $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 | $306,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,161 |
| Total Program Service Revenue | $0 |
| Investment income | $9,960 |
| 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 | $4,239 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $320,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,708 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,365 |
| Advertising and promotion | $1,192 |
| Office expenses | $4,451 |
| Information technology | $7,500 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,112 |
| All other expenses | $675 |
| Total functional expenses | $229,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,552 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $402,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $456,012 |
| Accounts payable and accrued expenses | $7,308 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,308 |
| Net assets without donor restrictions | $448,704 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $456,012 |