Bean Foundation
- Assets
- $2.8m
- Revenue
- $198.3k
- Investments
- $2.3m
- Employees
- 0
- Location
- Madras, OR
- Founding
- 10/1981
- Data as of
- 12/2022
- EIN
- 93-0788470
Organization Overview
Bean Foundation is located in Madras, OR. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Bean 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, Bean Foundation generated $198.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $281.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bean Foundation has awarded 105 individual grants totaling $904,255. 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 |
|---|---|---|---|
George Neilson President | 0 | $0 | |
Jack Woll Vice President | 0 | $0 | |
Ronica Comingore Director | 0 | $0 | |
Jason Hertel Director | 0 | $0 | |
Tom Norton Director | 0 | $0 | |
Daleena Green Executive Director | 20 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550 |
| Interest on Savings | $1,338 |
| Dividends & Interest | $47,113 |
| Net Rental Income | $6,548 |
| Net Gain on Sale of Assets | $141,026 |
| Capital Gain Net Income | $141,026 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $198,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,368 |
| Depreciation | $1,774 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,974 |
| Total operating and administrative expenses | $177,327 |
| Contributions, gifts, grants paid | $103,675 |
| Total expenses and disbursements | $281,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,027 |
| Savings and temporary cash investments | $56,113 |
| 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 | $353,827 |
| Other assets | $0 |
| Total assets | $2,844,466 |
| 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 | $100 |
| Total liabilities | $100 |
Grants Awarded
Over the last fiscal year, Bean Foundation has awarded $103,675 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AIRSHOW OF THE CASCADES PURPOSE: OPERATING EXPENSES | $5,000 |
BUFF ELEMENTARY SCHOOL PURPOSE: OPERATING EXPENSES | $1,000 |
MADRAS SPARKLERS PURPOSE: OPERATING EXPENSES | $1,000 |
JEFFERSON COUNTY FAITH BASED NETWORK PURPOSE: OPERATING EXPENSES | $5,000 |
MADRAS KIWANIS PURPOSE: OPERATION RUDOLPH | $5,675 |
CONFEDERATED TRIBES OF WARM SPRINGS PURPOSE: OPERATING EXPENSES | $6,500 |