Beacon Tree Foundation
- Assets
- $61.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 26-2471438
Organization Overview
Beacon Tree Foundation is located in Richmond, VA. The organization was established in 2008. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Tree 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 12/2021, Beacon Tree Foundation generated $74.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $59.8k during the year ending 12/2021. While expenses have increased by 6.6% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Foreman Secretarytreasurer | 10 | $0 | |
Michelle Ethridge President | 10 | $0 | |
Karen Nicholson Vice President | 10 | $0 | |
Tom Leahy Founder | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,179 |
| Total Program Service Revenue | $8,881 |
| Membership dues | $0 |
| Investment income | $629 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,560 |
| Other Revenue | $0 |
| Total Revenue | $74,249 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $17,135 |
| Occupancy, rent, utilities, and maintenance | $614 |
| Printing, publications, postage, and shipping | $2,169 |
| Other expenses | $39,875 |
| Total expenses | $59,793 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,517 |
| Other assets | $0 |
| Total assets | $61,583 |
| Total liabilities | $17,852 |
| Net assets or fund balances | $43,731 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beacon Tree Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ulh Inc Louisville, KY | $43,242,391 | $8,714,119 |
Cameron Foundation Petersburg, VA | $170,387,931 | $14,350,568 |
Green River Regional Education Cooperative Inc Bowling Green, KY | $8,161,400 | $7,463,495 |
Frameworks Institute Washington, DC | $8,374,816 | $6,057,104 |
News Literacy Project Inc Bethesda, MD | $6,963,162 | $5,070,663 |
Seed Foundation Inc Washington, DC | $10,420,742 | $4,996,042 |
College Summit Inc Washington, DC | $4,976,677 | $6,077,996 |
Maryland Business Roundtable For Education Inc Baltimore, MD | $721,059 | $3,522,017 |
Virginia Tech Services Inc Blacksburg, VA | $8,676,644 | $3,908,616 |
Student U Durham, NC | $9,122,297 | $4,911,286 |
Technology Student Association Reston, VA | $4,030,587 | $3,611,530 |
Petersburg Library Foundation Inc Petersburg, VA | $154,347 | $1,622,780 |