Beacon Hill Foundation
- Assets
- $6.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Grand Rapids, MI
- Founding
- 08/2015
- Data as of
- 03/2022
- EIN
- 30-0856751
Organization Overview
Beacon Hill Foundation is located in Grand Rapids, MI. The organization was established in 2015. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Hill 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 03/2022, Beacon Hill Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $132.4k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BEACON HILL FOUNDATION IS TO MANAGE CHARITABLE GIFT PROGRAMS AND ENDOWMENT FUND GROWTH TO ENSURE THAT BEACON HILL AT EASTGATE CONTINUES TO MEET THE PHYSICAL, SOCIAL AND SPIRITUAL NEEDS OF ITS RESIDENTS, HAS ADEQUATE RESOURCES FOR DEVELOPMENT OF ITS CAMPUS AND FACILITIES, AND REMAINS AN INTEGRAL PART OF THE EASTGATE NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND GROWTH OF THE MARY & MARTHA BENEVOLENT CARE FUND FOR THE SUPPORT OF THE MICHIGAN CHRISTIAN HOME, DBA BEACON HILL AT EASTGATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Huegli President & CEO | OfficerTrustee | 1 | $0 |
Skip Knapp Treasurer | OfficerTrustee | 1 | $0 |
Micki Benz Chairperson | OfficerTrustee | 1 | $0 |
Andi Allen Foundation Director | Officer | 20 | $0 |
Carl Dufendach Trustee | Trustee | 1 | $0 |
Cheryl Blair Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,374 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $829,992 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $853,366 |
| Total Program Service Revenue | $0 |
| Investment income | $97,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $359,350 |
| Net Income from Fundraising Events | -$18,504 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,292,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $22,880 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $41,697 |
| Fees for services: Investment Management | $27,172 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $31,565 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,821 |
| Total functional expenses | $132,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,347,596 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,000 |
| Accounts receivable, net | $22,061 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,709,870 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,114,527 |
| Accounts payable and accrued expenses | $29,557 |
| Grants payable | $0 |
| Deferred revenue | $15,625 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,182 |
| Net assets without donor restrictions | $5,928,337 |
| Net assets with donor restrictions | $141,008 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,114,527 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beacon Hill Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Doris J Giddey Tr Benton Harbor, MI PURPOSE: SUPPORTING HORTICULTURE GARDENS | $10,000 |
Endowment Analysis
| Earnings | $48,261 |
| Admin Expense | $98,710 |
| Net Contributions | $2,644,267 |
| Other Expense | $46,834 |
| Ending Balance | $2,546,984 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beaumont Health Southfield, MI | $844,473,041 | $43,728,436 |
Elizabeth Gamble Deaconess Home Association Cincinnati, OH | $1,636,339,650 | $77,696,826 |
Gundersen Lutheran Medical Foundation Inc La Crosse, WI | $92,389,553 | $52,203,030 |
Community Health Network Foundation Inc Indianapolis, IN | $96,702,775 | $20,395,245 |
Metrohealth Foundation Inc Cleveland, OH | $88,791,792 | $21,235,092 |
Community First Solutions Hamilton, OH | $99,479,120 | $13,306,151 |
Fund For Medical Research And Education Detroit, MI | $30,425,506 | $9,049,534 |
Pulaski Health Foundation Inc Winamac, IN | $8,480,545 | $8,038,166 |
Healthcare Foundation Of La Porte Inc La Porte, IN | $192,768,600 | $27,903,057 |
Legacy Foundation Of Central Wisconsin Inc Wisconsin Rapids, WI | $142,600,446 | $4,980,958 |
Metro Solutions Inc Southfield, MI | $8,153,189 | $9,205,268 |
Marshfield Clinic Health System Foundation Inc Marshfield, WI | $149,772,122 | $21,068,703 |