Beck Foundation Inc
- Assets
- $4.8m
- Revenue
- $348.1k
- Investments
- $4.7m
- Employees
- 0
- Location
- Fairfax Station, VA
- Founding
- 05/2006
- Data as of
- 01/2022
- EIN
- 20-2214025
Organization Overview
Beck Foundation Inc is located in Fairfax Station, VA. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Beck 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 01/2022, Beck Foundation Inc generated $348.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $607.6k during the year ending 01/2022. While expenses have increased by 15.8% per year over the past 5 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, Beck Foundation Inc has awarded 200 individual grants totaling $1,365,186. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buddy G Beck Chairman | 5 | $0 | |
Charlotte V Beck President | 5 | $0 | |
Deborah B Corbatto Director | 1 | $0 | |
Michael S Beck Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $126,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $217,849 |
| Capital Gain Net Income | $217,849 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,788 |
| Total Revenue | $348,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $45,272 |
| Pension plans, employee benefits | $25,959 |
| Interest | $0 |
| Taxes | $9,290 |
| Depreciation | $167 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $289 |
| Printing and publications | $0 |
| Other expenses | $39,240 |
| Total operating and administrative expenses | $128,166 |
| Contributions, gifts, grants paid | $479,410 |
| Total expenses and disbursements | $607,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,467 |
| 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 | $37,196 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $100,000 |
| Investments—other | $4,561,664 |
| Net Land, buildings, and equipment | $1,108 |
| Other assets | $71 |
| Total assets | $4,786,506 |
| 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 | $70,924 |
| Total liabilities | $70,924 |
Grants Awarded
Over the last fiscal year, Beck Foundation Inc has awarded $479,410 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfax, VA PURPOSE: MEDICAL SCIENCE RESEARCH | $50,000 |
Fairfax, VA PURPOSE: CENTER OF SPORTS PERFORMANCE | $50,000 |
Fairfax, VA PURPOSE: CENTER OF WELL BEING | $27,000 |
State University, AR PURPOSE: MECHANICAL ENGINEERING PROFESSORSHIP | $25,000 |
State University, AR PURPOSE: CHEMISTRY PROFESSORSHIP | $25,000 |
State University, AR PURPOSE: CHANCELLORS MEDAL FOR FACULTY RESEARCH | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beck Foundation Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Marek Family Foundation Houston, TX PURPOSE: FOCUSED ON ENDING POVERTY, IMPROVING THE QUALITY OF LIFE AND HELPING THOSE IN NEED TO BUILD CAPACITY IN MEXICO | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |