Beechwood Inc
- Assets
- $14.8m
- Revenue
- $1.3m
- Investments
- $3.1m
- Employees
- 0
- Location
- Troy, NY
- Founding
- 11/1985
- Data as of
- 06/2022
- EIN
- 14-1651563
Organization Overview
Beechwood Inc is located in Troy, NY. The organization was established in 1985. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Beechwood Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2022, Beechwood Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $572.9k during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACT AS A TITLE HOLDING COMPANY FOR THE BENEFIT OF AFFILIATED TAX-EXEMPT ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF BEECHWOOD IS TO HOLD TITLE TO REAL PROPERTY AND COLLECT INCOME ON SUCH PROPERTY FOR THE BENEFIT OF ST. PETER'S HEALTH PARTNERS AND ITS TAX-EXEMPT AFFILIATES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Carter Director Thr 10/21; Th Evp & COO | Trustee | 0.2 | $0 |
James Reed MD Director; President & CEO | OfficerTrustee | 1 | $0 |
Thomas Robert Sphp Vp, CFO & Treasurer | Officer | 1 | $0 |
Dawn Geisert Dir At 11/21;th Chief Compliance Off | Trustee | 0.2 | $0 |
Denise Mormino Cao/cfo Small Component Corps. | Officer | 1 | $0 |
Robert Swidler ESQ Secretary; VP Legal Services | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $908,256 |
| Investment income | $296,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $91,897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,296,352 |
| 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 | $21,210 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,204 |
| Payroll taxes | $1,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,844 |
| Fees for services: Other | $16,337 |
| Advertising and promotion | $0 |
| Office expenses | $1,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,664 |
| Travel | $0 |
| 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 | $274,703 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $572,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,982,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,814 |
| Net Land, buildings, and equipment | $4,306,216 |
| Investments—publicly traded securities | $4,648,390 |
| Investments—other securities | $3,098,927 |
| Investments—program-related | $0 |
| Intangible assets | $141,900 |
| Other assets | $579,849 |
| Total assets | $14,766,346 |
| Accounts payable and accrued expenses | $18,550 |
| 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 | $1,599,571 |
| Total liabilities | $1,618,121 |
| Net assets without donor restrictions | $13,098,225 |
| Net assets with donor restrictions | $50,000 |
| 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 | $14,766,346 |