Beacon Center Of Tennessee
- Assets
- $2.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Nashville, TN
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 20-1808567
Organization Overview
Beacon Center Of Tennessee is located in Nashville, TN. The organization was established in 2005. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Beacon Center Of Tennessee employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Center Of Tennessee 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, Beacon Center Of Tennessee generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 8.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BEACON CENTER OF TENNESSEE IS AN INDEPENDENT, NONPROFIT AND NONPARTISAN RESEARCH ORGANIZATION DEDICATED TO PROVIDING CONCERNED CITIZENS, THE MEDIA AND PUBLIC LEADERS WITH EXPERT EMPIRICAL RESEARCH AND TIMELY FREE MARKET POLICY SOLUTIONS TO PUBLIC POLICY ISSUES IN TENNESSEE. THE BEACON CENTER EMPOWERS TENNESSEANS TO RECLAIM CONTROL OF THEIR LIVES, SO THAT THEY CAN FREELY PURSUE THEIR VERSION OF THE AMERICAN DREAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND POLICY ANALYSIS - CONDUCTING RESEARCH INTO VARIOUS POLICY REFORMS AND DETERMINING THE IMPACT THEY HAVE ON TENNESSEEANS' LIVES; PUBLISHING RESEARCH AND RELATED INFORMATION ON KEY POLICY ISSUES
GENERAL EDUCATIONAL AND INFORMATIONAL PROGRAMMING - COMMUNICATING WITH TENNESSEANS ABOUT VARIOUS PUBLIC POLICY ISSUES AND THE IMPACT THOSE ISSUES HAVE ON THEIR LIVES VIA WEBSITE, BLOG, VIDEOS, INFOGRAPHICS, PODCASTS, OPINION ARTICLES, MEDIA INTERVIEWS, AND EVENTS
PUBLIC INTEREST LITIGATION - REPRESENTING TENNESSEANS WHOSE CONSTITUTIONAL RIGHTS HAVE BEEN VIOLATED IN COURT; FILING OR SIGNING OFF ON AMICI BRIEFS IN KEY COURT CASES RELATED TO STATE AND FEDERAL CONSTITUTIONAL ISSUES
LEGAL FOUNDATION - TO LITIGATE PRO BONO ON BEHALF OF TENNESSEE CLIENTS WHOSE ECONOMIC LIBERTY, PROPERTY RIGHTS, OR OTHER CONSTITUTIONAL PROTECTIONS HAVE BEEN VIOLATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Owen President & | Officer | 40 | $162,633 |
John Cerasuolo Chairman | OfficerTrustee | 1 | $0 |
Bill Prevost Director | OfficerTrustee | 1 | $0 |
Joe Scarlett Vice Chairma | OfficerTrustee | 1 | $0 |
John P Boike Director | Trustee | 1 | $0 |
Fred Decosimo Director | Trustee | 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 | $2,025,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,025,504 |
| Total Program Service Revenue | $0 |
| Investment income | $1,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,365,585 |
| 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. | $196,954 |
| Compensation of current officers, directors, key employees. | $9,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,049,746 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $143,283 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $66,898 |
| Information technology | $19,441 |
| Royalties | $0 |
| Occupancy | $69,374 |
| Travel | $44,035 |
| 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 | $17,057 |
| Insurance | $6,889 |
| All other expenses | $29,086 |
| Total functional expenses | $1,748,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,824,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $26,176 |
| Accounts receivable, net | $124,785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,173 |
| Net Land, buildings, and equipment | $31,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,907 |
| Total assets | $2,014,129 |
| Accounts payable and accrued expenses | $6,301 |
| 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 | $0 |
| Total liabilities | $6,301 |
| Net assets without donor restrictions | $1,579,394 |
| Net assets with donor restrictions | $428,434 |
| 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 | $2,014,129 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beacon Center Of Tennessee has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
Atlas Economic Research Foundation Arlington, VA PURPOSE: Economic Education | $90,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nreca Research Arlington, VA | $5,324,315 | $13,693,671 |
Article Iv Arlington, VA | $2,283,410 | $6,371,750 |
Institute For Defense And Business Chapel Hill, NC | $2,030,544 | $3,469,102 |
Georgia Budget And Policy Institute Inc Atlanta, GA | $3,045,563 | $2,387,474 |
National Institute For Public Policy Inc Fairfax, VA | $24,407,266 | $3,392,659 |
Beacon Center Of Tennessee Nashville, TN | $2,014,129 | $2,365,585 |
The Institute Of Consumer Money Management Raleigh, NC | $4,625,316 | $402,926 |
Defi Education Fund Alexandria, VA | $18,078,313 | $20,538,667 |
American Policy Center Inc Warrenton, VA | $46,740 | $848,251 |
Center For Freedom And Prosperity Foundation Alexandria, VA | $82,928 | $778,028 |
Alliance For Responsible Cfc Policy Inc Arlington, VA | $86,231 | $694,252 |
Northeast Kentucky Regional Health Information Organization Inc West Liberty, KY | $191,686 | $598,619 |