Beach Foundation
- Assets
- $8.2m
- Revenue
- $407.5k
- Investments
- $8.1m
- Employees
- 0
- Location
- West Conshohocken, PA
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 23-2897351
Organization Overview
Beach Foundation is located in West Conshohocken, PA. The organization was established in 1997. 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. Beach Foundation 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 12/2023, Beach Foundation generated $407.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.3%) each year. All expenses for the organization totaled $737.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Beach Foundation has awarded 228 individual grants totaling $2,666,564. 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 |
|---|---|---|---|
Thomas E Beach President & Director | 2 | $0 | |
Walter T Beach Vice President & Director | 0 | $0 | |
Jonathan T Beach Secretary & Director | 0 | $0 | |
Theodore T Beach Treasurer & Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $165,080 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $242,391 |
| Capital Gain Net Income | $242,391 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $407,471 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,728 |
| Taxes | $748 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $158 |
| Total operating and administrative expenses | $6,634 |
| Contributions, gifts, grants paid | $730,864 |
| Total expenses and disbursements | $737,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,005 |
| 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 | $317,028 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,203,923 |
| 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, Beach Foundation has awarded $730,864 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICANS FOR PROSPERITY FOUNDATION PURPOSE: GENERAL FUND | $5,000 |
BALD PEAK COMMUNITY FUND PURPOSE: GENERAL FUND | $1,000 |
ATLAS NETWORK PURPOSE: GENERAL FUND | $125,000 |
BARRY GOLDWATER INSTITUTE PURPOSE: GENERAL FUND | $5,000 |
CASTLE PRESERVATION SOCIETY PURPOSE: GENERAL FUND | $250 |
CATO INSTITUTE PURPOSE: GENERAL FUND | $20,000 |