Beane Family Foundation 862-74c21
- Assets
- $2.4m
- Revenue
- $135.6k
- Investments
- $2.3m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 31-1560574
Organization Overview
Beane Family Foundation 862-74c21 is located in Pennington, NJ. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Beane Family Foundation 862-74c21 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, Beane Family Foundation 862-74c21 generated $135.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $239.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Beane Family Foundation 862-74c21 has awarded 162 individual grants totaling $827,295. 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 |
|---|---|---|---|
Silas Robert Beane Jr Trustee | 0 | $0 | |
Rosa T Beane Trustee | 0 | $0 | |
Silas Robert Beane III Trustee | 0 | $0 | |
Maria E Beane-Bonomet Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $117,299 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,338 |
| Capital Gain Net Income | $18,338 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $135,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,302 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85 |
| Total operating and administrative expenses | $55,446 |
| Contributions, gifts, grants paid | $183,719 |
| Total expenses and disbursements | $239,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4,999 |
| Savings and temporary cash investments | $135,230 |
| 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 | $287,154 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,443,037 |
| 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, Beane Family Foundation 862-74c21 has awarded $183,719 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
NEW HOPE BAPTIST CHURCH PURPOSE: UNRESTRICTED GENERAL | $5,000 |
WEBSTER HOUSE PURPOSE: UNRESTRICTED GENERAL | $5,000 |
GATHER (SEACOAST FAMILY FOOD PANTRY) PURPOSE: UNRESTRICTED GENERAL | $5,000 |
GIFT OF WARMTH PURPOSE: UNRESTRICTED GENERAL | $5,000 |
NE ORGANIC FARMING ASSN OF NEW HAMPSHIRE PURPOSE: UNRESTRICTED GENERAL | $5,000 |
ALOHA FOUNDATION INC PURPOSE: UNRESTRICTED GENERAL | $1,000 |