Thomas J Beatson Jr Foundation Inc
- Assets
- $42.5m
- Revenue
- $2.5m
- Investments
- $40.3m
- Employees
- 0
- Location
- Mesa, AZ
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 20-8112510
Organization Overview
Thomas J Beatson Jr Foundation Inc is located in Mesa, AZ. The organization was established in 2009. 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. Thomas J Beatson Jr 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 12/2022, Thomas J Beatson Jr Foundation Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. While expenses have increased by 12.2% per year over the past 4 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 2020, Thomas J Beatson Jr Foundation Inc has awarded 29 individual grants totaling $9,220,775. 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.
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 |
|---|---|---|---|
James G Lecheminant Director | 7 | $69,000 | |
Robert L Packard President | 7 | $80,400 | |
Brent D Ellsworth Vp/secretary | 7 | $80,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,750,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $789,878 |
| Capital Gain Net Income | $789,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,540,178 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $229,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $74,817 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,003 |
| Printing and publications | $0 |
| Other expenses | $7,551 |
| Total operating and administrative expenses | $805,117 |
| Contributions, gifts, grants paid | $2,620,000 |
| Total expenses and disbursements | $3,425,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,113,855 |
| 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 | $19,757,613 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,459,038 |
| 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, Thomas J Beatson Jr Foundation Inc has awarded $2,620,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
JOSLIN DIABETES CENTER PURPOSE: DIABETES RESEARCH | $1,465,000 |
PHOENIX CHILDREN'S HOSPITAL FOUNDAT PURPOSE: SUPPORT THE HIGH RISK TYPE I DIABETES PROGRAM | $125,000 |
UNIVERSITY OF CALIFORNIA PURPOSE: DIABETES RESEARCH | $220,000 |
UNIVERSITY OF COLORADO DENVER PURPOSE: DIABETES RESEARCH | $110,000 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: DIABETES RESEARCH | $110,000 |
COLUMBIA UNIVERSITY PURPOSE: DIABETES RESEARCH | $220,000 |