Beacon Project

Organization Overview

Beacon Project is located in Islesboro, ME. The organization was established in 2003. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Beacon Project employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Project 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 09/2023, Beacon Project generated $971.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $819.9k during the year ending 09/2023. While expenses have increased by 5.2% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO MAKE IT POSSIBLE FOR OUR ELDERS TO REMAIN HERE ON ISLESBORO WITH DIGNITY AND COMFORT AS PART OF OUR ISLAND COMMUNITY. THE BEACON PROJECT OWNS AND OPERATES BOARDMAN COTTAGE, AN EIGHT-BEDROOM ASSISTED LIVING FACILITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING AND ASSISTED LIVING CARE FOR EIGHT ELDERLY ISLESBORO RESIDENTS AT BOARDMAN COTTAGE. STAFF ALSO PROVIDES IN HOME CARE FOR ADDITIONAL ELDERLY ISLAND RESIDENTS, INCLUDING CHECKING ON PEOPLE LIVING ALONE TO SEE IF ASSISTANCE MIGHT BE REQUIRED. RIDES FOR MEDICAL APPOINTMENTS AND SHOPPING ARE ALSO PROVIDED.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$59,280
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$235,373
Noncash contributions included in lines 1a–1f $55,219
Total Revenue from Contributions, Gifts, Grants & Similar$294,653
Total Program Service Revenue$549,467
Investment income $9,902
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $114,504
Net Income from Fundraising Events $1,944
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,048
Miscellaneous Revenue$0
Total Revenue $971,518

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