Thomas J Beatson Jr Foundation Inc
- Assets
- $43.3m
- Revenue
- $3.5m
- Investments
- $41.9m
- Employees
- 0
- Location
- Mesa, AZ
- Founding
- 04/2009
- Data as of
- 12/2021
- 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 12/2021, Thomas J Beatson Jr Foundation Inc generated $3.5m in total revenue. All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 101.3% 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 20 individual grants totaling $6,600,775. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James G Lecheminant Director | 7 | $76,600 | |
Robert L Packard President | 7 | $76,600 | |
Brent D Ellsworth Vp/secretary | 7 | $76,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,754,301 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,775,100 |
| Capital Gain Net Income | $1,775,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,529,401 |
| 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 | $31,401 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,958 |
| Printing and publications | $0 |
| Other expenses | $16,813 |
| Total operating and administrative expenses | $797,911 |
| Contributions, gifts, grants paid | $4,194,025 |
| Total expenses and disbursements | $4,991,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,445,308 |
| 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 | $21,643,228 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,343,977 |
| 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 $4,194,025 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: DIABETES RESEARCH | $1,387,500 |
JOSLINHARVARD ENDOWMENT PURPOSE: TO ESTABLISH THE ENDOWED THOMAS J BEATSON JR PROFESSORSHIP OF DIABETES AT HARVARD MEDICAL SCHOOL | $1,200,525 |
UNIVERSITY OF CALIFORNIA PURPOSE: DIABETES RESEARCH | $440,000 |
INTERMOUNTAIN FDN-PRIMARY CHILDRENS PURPOSE: SUPPORT A BEHAVIORAL HEALTH THERAPIST WITHIN THE DIABETES CLINIC AND PROVIDE DIABETES SUPPLIES FOR PATIENTS IN FINANCIAL NEED | $270,000 |
Phoenix, AZ PURPOSE: SUPPORT THE HIGH RISK TYPE I DIABETES PROGRAM | $253,000 |
COLUMBIA UNIVERSITY PURPOSE: DIABETES RESEARCH | $220,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |