Beans Cafe Inc
- Assets
- $14.5m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 288
- Location
- Anchorage, AK
- Founding
- 08/1979
- Data as of
- 06/2021
- EIN
- 92-0072522
Organization Overview
Beans Cafe Inc is located in Anchorage, AK. The organization was established in 1979. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Beans Cafe Inc employed 288 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beans Cafe 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 06/2021, Beans Cafe Inc generated $14.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $8.5m during the year ending 06/2021. While expenses have increased by 20.9% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES OF INDIGENT PEOPLE OF ANCHORAGE, ALASKA BY PROVIDING NUTRITIOUS MEALS, SOCIAL SERVICE REFERRALS, AND A COMFORTABLE SAFE PLACE IN WHICH TO ESCAPE FROM THE ELEMENTS.
Describe the Organization's Program Activity:
SOCIAL SERVICES - THE SOCIAL SERVICES PROGRAM PROVIDES DIRECT ASSISTANCE AND REFERRAL FOR CLIENTS SEEKING EMPLOYMENT, TRANSPORTATION, HOUSING, MEDICAL, LEGAL, ALCOHOL OR DRUG REHABILITATION AND EDUCATIONAL OPPORTUNITIES. IN COLLABORATION WITH A VARIETY OF COMMUNITY AGENCIES, ADDITIONAL EMERGENCY AND LONG TERM ASSISTANCE ARE PROVIDED FOR THOSE REQUIRING MENTAL HEALTH, VETERAN'S ASSISTANCE, DISABILITY, FINANCIAL AND CASE MANAGEMENT SERVICES.
ADULT MEALS - BEAN'S CAFE PROVIDES BREAKFAST, HOT LUNCH, AND HOT AND COLD BEVERAGES AND WARM DAY SHELTER DURING THE DAY AS A SAFE ALTERNATIVE TO THE STREETS, 24 HOURS A DAY 365 DAYS PER YEAR.
CHILDREN'S MEALS - CHILDREN'S MEALS PROGRAM IS DESIGNED TO BUILD STRONG AND HEALTHY FOUNDATIONS FOR CHILDREN TO INCREASE PRODUCTIVITY AND ENHANCE SCHOOL AGE LEARNING AT SCHOOL AND THROUGHOUT THE DAY. PREPARED MEALS ARE PROVIDED DURING THE SCHOOL YEAR AND DELIVERED TO ALTERNATIVE GRADE SCHOOLS, HIGH SCHOOLS, AFTER SCHOOL PROGRAMS, AND EARLY MORNING PROGRAMS, AS WELL AS PARENTING CLASSES. AN EMPHASIS IS MADE TO EXPOSE THE KIDS TO DELICIOUS FOOD THAT WILL GIVE THEM THE NUTRIENTS THEY NEED FOR THEIR GROWING BODIES AND MINDS. THE IDEA BEING THAT WHAT THE KIDS EAT TODAY WILL AFFECT WHAT THEY EAT AS ADULTS. THE PROGRAM CONTINUES IN THE SUMMER MONTHS THROUGH VARIOUS SUMMER ENRICHMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Sauder CEO | Officer | 40 | $123,000 |
Scott Lingle COO | Officer | 50 | $85,000 |
Bernie Washington Treasurer | OfficerTrustee | 2 | $0 |
Debbie Reinwand-Mcguire Vice Chair | OfficerTrustee | 1 | $0 |
Steve Williams Past Chair | OfficerTrustee | 1 | $0 |
Johnathan Hornak President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dimond Center Security Security Services | 6/29/21 | $984,580 |
Phoenix Protective Corp Security Services | 6/29/21 | $468,488 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $13,879 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $851,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,831,800 |
| Noncash contributions included in lines 1a–1f | $1,094 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,696,925 |
| Total Program Service Revenue | $9,223,942 |
| Investment income | $10,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,175 |
| Net Gain/Loss on Asset Sales | $1,908 |
| Net Income from Fundraising Events | $2,114 |
| Net Income from Gaming Activities | $31,247 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,067,574 |
| 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. | $231,543 |
| Compensation of current officers, directors, key employees. | $39,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,969,012 |
| Pension plan accruals and contributions | $21,346 |
| Other employee benefits | $391,823 |
| Payroll taxes | $387,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,425 |
| Fees for services: Accounting | $21,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $621 |
| Fees for services: Other | $1,474,502 |
| Advertising and promotion | $8,977 |
| Office expenses | $53,133 |
| Information technology | $21,129 |
| Royalties | $0 |
| Occupancy | $168,062 |
| Travel | $41,613 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,064 |
| Insurance | $69,674 |
| All other expenses | $69,511 |
| Total functional expenses | $8,500,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,841,820 |
| Savings and temporary cash investments | $950,784 |
| Pledges and grants receivable | $2,784,517 |
| Accounts receivable, net | $116 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $177,906 |
| Prepaid expenses and deferred charges | $274,744 |
| Net Land, buildings, and equipment | $4,101,049 |
| Investments—publicly traded securities | $337,970 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,349 |
| Total assets | $14,516,255 |
| Accounts payable and accrued expenses | $146,275 |
| Grants payable | $0 |
| Deferred revenue | $27,500 |
| 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 | $479,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $337,274 |
| Total liabilities | $990,127 |
| Net assets without donor restrictions | $13,512,249 |
| Net assets with donor restrictions | $13,879 |
| 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 | $14,516,255 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Beans Cafe Inc has recieved totaling $161,058.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $42,200 |
Alaska Community Foundation Anchorage, AK | | $22,650 |
Alaska Community Foundation Anchorage, AK | | $17,030 |
Food Research & Action Center Inc Washington, DC PURPOSE: Federal Nutrition | $11,069 |
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $10,561 |
Gottstein Family Foundation Anchorage, AK PURPOSE: THE GRANT WAS TO A PUBLIC CHARITY TO SUPPORT ITS GENERAL CHARITABLE PURPOSE. | $10,000 |
Endowment Analysis
| Beg. Balance | $13,422 |
| Earnings | $1,364 |
| Admin Expense | -$162 |
| Ending Balance | $14,624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Council For The Homeless Vancouver, WA | $10,767,286 | $19,573,304 |
Compass Housing Alliance Seattle, WA | $40,607,730 | $15,256,609 |
The Rescue Mission Tacoma, WA | $23,211,673 | $9,549,173 |
Beans Cafe Inc Anchorage, AK | $14,516,255 | $14,067,574 |
Cocoon House Everett, WA | $18,839,266 | $8,933,167 |
Serenity House Of Clallam County Port Angeles, WA | $6,060,281 | $7,464,743 |
Brother Francis Shelter Kodiak Inc Kodiak, AK | $2,060,714 | $7,413,784 |
Congregations For The Homeless Bellevue, WA | $12,080,853 | $9,074,127 |
Sunrise Outreach Center Of Yakima Yakima, WA | $387,621 | $4,585,403 |
Helping Hand House Puyallup, WA | $1,798,445 | $4,412,490 |
Lydia Place A Nonprofit Corporation Bellingham, WA | $8,975,795 | $6,981,578 |
Fairbanks Rescue Mission Inc Fairbanks, AK | $6,271,885 | $2,934,544 |