Beads On One String Inc
- Assets
- $707.7k
- Revenue
- $47.7k
- Investments
- $586.2k
- Employees
- 0
- Location
- Salem, MA
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 27-2269648
Organization Overview
Beads On One String Inc is located in Salem, MA. The organization was established in 2012. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beads On One String 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 12/2023, Beads On One String Inc generated $47.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $54.4k during the year ending 12/2023. While expenses have increased by 1.0% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO WORK/STUDY STUDENTS AT THE AVATAR MEHER BABA TRUST, THE LEGACY OF THE FAMOUS SPIRITUAL LEADER, IN MERERABAD, INDIA. HIS TOMB IS NOW A NOTED PILGRIMAGE SITE, AND SPIRITUAL AND CULTURAL ACTIVITIES ARE FOSTERED BY THE TRUST. THE TRUST IS NOTED FOR ITS CHARITABLE ACTIVITIES FOR THE BENEFIT OF HUMANITY IRRESPECTIVE OF CASTE, CREED, RELIGION, SEX OR NATIONALITY.
INDIVIDUAL CONNECTION GRANTS FOR FIVE INDIVIDUALS FOR STUDY AND PILGRIMAGE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Smith Vice President | 4 | $0 | |
Renate Moritz Co-Chair Education/seminar Com | 1.5 | $0 | |
Yuri Cartier Director | 3 | $0 | |
David Lee Director | 3 | $0 | |
Georgina Hartford Director | 3 | $0 | |
Cynthia Griffin Chair - Scholarship Com | 5.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,817 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,552 |
| Capital Gain Net Income | $27,552 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$640 |
| Other Income | $0 |
| Total Revenue | $47,729 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $973 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,484 |
| Total operating and administrative expenses | $37,597 |
| Contributions, gifts, grants paid | $16,850 |
| Total expenses and disbursements | $54,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,201 |
| Savings and temporary cash investments | $89,258 |
| 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 | $222,574 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $707,667 |
| 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, Beads On One String Inc has awarded $16,850 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN WAGNER PURPOSE: PRACTICES A LIFE OF SERVICE AT THE AVATAR MEHER BABA TRUST ACTING AS RESOURCE FOR THE KITCHEN AT THE MEHER PILGRIM RETREAT - A FACILITY THAT ACCOMMODATES UP TO 240 GUESTS. JOHN WORKS AS MANAGER FOR THE PHYSICAL EDUCATION CENTER FACILITY FOR PILGRIMS. HE ALSO IS INVOLVED IN THE PRODUCTION OF PLAYS AND MUSICALS THAT ALLOW PEOPLE FROM AROUND THE WORLD TO PERFORM TOGETHER, | $500 |
WILL DAVID PURPOSE: LANDSCAPE WORK AND REPAIR WORK, AND INTERFACE WITH THOSE ON SPIRTUAL RETREAT AT THE MEHER CENTER, MYRLE BEACH, SC | $1,000 |
YOLANDA MILLER PURPOSE: AN EIGHT DAY SILENT RETREAT AT MISSION SAN LUIS REY TO ENRICH HER WORK IN THE FIELD OF SPIRITUAL DIRECTION. | $500 |
JEAN GOUSSEFF PURPOSE: LIVES A LIFE OF SERVICE THROUGH THE FOLLOWING PROJECTS: PUBLISHING THE FRENCH TRANSLATION OF TALES FORM THE NEW LIFE WITH MEHER BABA; REORGANIZING AND RE-THINKING THE TRUST'S PUBLICATION DEPARTMENT OFFICE AND ITS LIBRARY; COLLECTING MATERIAL AND WORKING ON MEHER BABA'S DIRECT WORKS IN THE FORM OF POETRY AND PRAYER; AND HELPING TO MAKE THE TRUST'S PHYSICAL EDUCATION CENTER A PLACE WHERE PEOPLE FROM ALL CASTES, CREEDS, AND COMMUNITIES CAN EXERCISE AND STUDY TOGETHER. | $500 |
JEAN GOUSSEFF PURPOSE: LIVES A LIFE OF SERVICE THROUGH THE FOLLOWING PROJECTS: PUBLISHING THE FRENCH TRANSLATION OF TALES FORM THE NEW LIFE WITH MEHER BABA; REORGANIZING AND RE-THINKING THE TRUST'S PUBLICATION DEPARTMENT OFFICE AND ITS LIBRARY; COLLECTING MATERIAL AND WORKING ON MEHER BABA'S DIRECT WORKS IN THE FORM OF POETRY AND PRAYER; AND HELPING TO MAKE THE TRUST'S PHYSICAL EDUCATION CENTER A PLACE WHERE PEOPLE FROM ALL CASTES, CREEDS, AND COMMUNITIES CAN EXERCISE AND STUDY TOGETHER. | $500 |
JEAN GOUSSEFF PURPOSE: LIVES A LIFE OF SERVICE THROUGH THE FOLLOWING PROJECTS: PUBLISHING THE FRENCH TRANSLATION OF TALES FORM THE NEW LIFE WITH MEHER BABA; REORGANIZING AND RE-THINKING THE TRUST'S PUBLICATION DEPARTMENT OFFICE AND ITS LIBRARY; COLLECTING MATERIAL AND WORKING ON MEHER BABA'S DIRECT WORKS IN THE FORM OF POETRY AND PRAYER; AND HELPING TO MAKE THE TRUST'S PHYSICAL EDUCATION CENTER A PLACE WHERE PEOPLE FROM ALL CASTES, CREEDS, AND COMMUNITIES CAN EXERCISE AND STUDY TOGETHER. | $500 |