Betty L Beatty And Guy E Beatty Foundation
- Assets
- $2.4m
- Revenue
- $20.7k
- Investments
- $1.9m
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 26-2573412
Organization Overview
Betty L Beatty And Guy E Beatty Foundation is located in Mclean, VA. 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. Betty L Beatty And Guy E Beatty 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 12/2022, Betty L Beatty And Guy E Beatty Foundation generated $20.7k in total revenue. All expenses for the organization totaled $178.8k during the year ending 12/2022. While expenses have increased by 86.4% per year over the past 8 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 |
|---|---|---|---|
Betty L Beatty Chairwoman/director | 0 | $0 | |
Susan L Beatty President/director | 0 | $0 | |
Jeffrey J Bates Director | 0 | $0 | |
James B Ault Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $62 |
| Dividends & Interest | $32,147 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,508 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,310 |
| Total operating and administrative expenses | $18,755 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $178,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,150 |
| Net Accounts receivable | $3,587 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $500,000 |
| 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 | $1,884,391 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,402,128 |
| 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, Betty L Beatty And Guy E Beatty Foundation has awarded $660,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FORK UNION MILITARY ACADEMY PURPOSE: FUNDING FOR EDUCATIONAL SCHOLARSHIPS | $160,000 |
INOVA HEALTH SYSTEMS FOUNDATION PURPOSE: PROVIDED SUPPORT FOR MEDICAL SERVICES,RESEARCH,EDUCATION AND COMMUNITY HEALTH | $500,000 |