Bevcomm Foundation
- Assets
- $402.4k
- Revenue
- $90.8k
- Investments
- $379.9k
- Employees
- 0
- Location
- Blue Earth, MN
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 26-4416507
Organization Overview
Bevcomm Foundation is located in Blue Earth, MN. 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. Bevcomm 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, Bevcomm Foundation generated $90.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $42.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bevcomm Foundation has awarded 13 individual grants totaling $203,455. 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 |
|---|---|---|---|
Susan A Eckles President | 1 | $0 | |
Gail P Eckles Secretary | 1 | $0 | |
William V Eckles Treasurer | 1 | $0 | |
Jacob Anderson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,063 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,239 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,661 |
| Total operating and administrative expenses | $5,230 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $42,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,095 |
| Savings and temporary cash investments | $4,409 |
| 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 | $379,882 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $402,386 |
| 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, Bevcomm Foundation has awarded $37,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOHN'S VIANNEY SCHOOL PURPOSE: TECHNOLOGY FOR GYMNASIUM | $30,000 |
BLUE EARTH AREA TENNIS ASSOCIATION PURPOSE: UNIFORMS AND EQUIPMENT FOR THE BLUE EARTH | $2,000 |
FAIRMONT JUNIOR HIGH SCHOOL PURPOSE: ROBOTICS TEAM | $5,000 |