Nancy And Glenn Beall Foundation Inc
- Assets
- $1.3m
- Revenue
- $169.3k
- Investments
- $1.3m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 20-0744100
Organization Overview
Nancy And Glenn Beall Foundation Inc is located in Rockville, MD. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Nancy And Glenn Beall Foundation 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 12/2021, Nancy And Glenn Beall Foundation Inc generated $169.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $87.7k during the year ending 12/2021. While expenses have increased by 4.4% 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.
Since 2015, Nancy And Glenn Beall Foundation Inc has awarded 67 individual grants totaling $472,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE UNRESTRICTED SUPPORT TO PUBLIC CHARITIES SELECTED AT THE DISCRETION OF THE PRIVATE FOUNDATION'S BOARD MEMBERS. TEN PUBLIC CHARITIES WERE SUPPORTED DURING THE YEAR.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,533 |
| Interest on Savings | $5,188 |
| Dividends & Interest | $18,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $143,966 |
| Capital Gain Net Income | $143,966 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $169,306 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $915 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,672 |
| Contributions, gifts, grants paid | $86,000 |
| Total expenses and disbursements | $87,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,014 |
| Savings and temporary cash investments | $0 |
| 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 | $1,303,840 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,315,854 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nancy And Glenn Beall Foundation Inc has awarded $86,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE FSU FOUNDATION INC PURPOSE: UNRESTRICTED DONATION | $25,000 |
THE MD SALEM CHILDRENS' TRUST PURPOSE: UNRESTRICTED DONATION | $20,000 |
Frostburg, MD PURPOSE: UNRESTRICTED DONATION | $10,000 |
Bethesda, MD PURPOSE: UNRESTRICTED DONATION | $7,500 |
Frostburg, MD PURPOSE: UNRESTRICTED DONATION | $7,500 |
THE CHILDREN'S LEAGUE PURPOSE: UNRESTRICTED DONATION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Vf Foundation Wilmington, DE | $28,556,217 | $960,441 |
Ruth Lilly Philanthropic Foundation Wilmington, DE | $89,481,864 | $12,222,478 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Highmark Foundation Pittsburgh, PA | $137,140,319 | $19,548,694 |
The Aileen K And Brian L Roberts Foundation Philadelphia, PA | $14,520,286 | $7,913,944 |
The Giorgi Family Foundation Temple, PA | $80,817,580 | $6,973,404 |