Beechwood Inc
- Assets
- $14.6m
- Revenue
- $1.4m
- Investments
- $2.7m
- Employees
- 0
- Location
- Troy, NY
- Founding
- 11/1985
- Data as of
- 06/2021
- 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 06/2021, Beechwood Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $555.1k during the year ending 06/2021. While expenses have increased by 4.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Reed MD Director; President & CEO | OfficerTrustee | 1 | $0 |
Gary Dake Director; Chair Through 12/20 | OfficerTrustee | 0.2 | $0 |
Robert Mccormick Director; Chair As Of 1/21 | OfficerTrustee | 0.2 | $0 |
Beverly Karpiak Director & Vice Chair Through 12/20 | OfficerTrustee | 0.2 | $0 |
Kathleen Jimino Director; Treasurer As Of 1/21 | OfficerTrustee | 0.2 | $0 |
Ronald Guzior Dir;treas Thr 12/20;v Chr As Of 1/21 | OfficerTrustee | 0.2 | $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 | $903,610 |
| Investment income | $240,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $249,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,404,017 |
| 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 | $23,546 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,906 |
| Payroll taxes | $1,694 |
| 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 | $6,007 |
| Fees for services: Other | $11,054 |
| Advertising and promotion | $0 |
| Office expenses | $3,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,568 |
| 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 | $263,171 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $555,133 |
| 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 | $2,633 |
| Net Land, buildings, and equipment | $4,314,248 |
| Investments—publicly traded securities | $4,943,130 |
| Investments—other securities | $2,661,686 |
| Investments—program-related | $0 |
| Intangible assets | $153,000 |
| Other assets | $513,006 |
| Total assets | $14,569,953 |
| Accounts payable and accrued expenses | $64,736 |
| 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 | $1,461,061 |
| Total liabilities | $1,525,797 |
| Net assets without donor restrictions | $12,994,156 |
| 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 | $14,569,953 |
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