The Beall Family Foundation
- Assets
- $7.9m
- Revenue
- $502.4k
- Investments
- $5.7m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 33-0881739
Organization Overview
The Beall Family Foundation is located in Newport Beach, CA. The organization was established in 2001. 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. Beall Family 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, Beall Family Foundation generated $502.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Beall Family Foundation has awarded 640 individual grants totaling $25,048,391. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE ORANGE COUNTY COMMUNITY FOUNDATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH DONATIONS WERE MADE TO CHARITABLE ORGANIZATIONS TO SUPPORT VARIOUS LOCAL AND NATIONAL CHARITIES AND FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey R Beall Chairman/president/director | OfficerTrustee | 1 | $0 |
Kenneth L Beall Vp/cfo/secretary/treasurer | OfficerTrustee | 1 | $0 |
Shelley Hoss Director | Trustee | 1 | $0 |
Michael E Rakestraw Director | Trustee | 1 | $0 |
Carol Ferguson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $87,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $108,286 |
| Net Gain/Loss on Asset Sales | $534,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $502,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,186,120 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $25 |
| Total functional expenses | $2,367,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,441 |
| Savings and temporary cash investments | $138,804 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,734,314 |
| Investments—other securities | $5,706,097 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,432 |
| Total assets | $7,947,088 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $7,947,088 |
| Total liabilities and net assets/fund balances | $7,947,088 |
Grants Awarded
Over the last fiscal year, The Beall Family Foundation has awarded $1,155,685 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF PITTSBURGH PURPOSE: SUPPORT DONALD R. BEALL CHAIR IN STRATEGIC MANAGEMENT | $82,500 |
HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS PURPOSE: GENERAL SUPPORT | $30,000 |
MONTEREY MUSEUM OF ART PURPOSE: GENERAL SUPPORT | $6,000 |
ORANGE COUNTY MUSEUM OF ART PURPOSE: GENERAL SUPPORT | $100,000 |
LIBERTY HILL FOUNDATION PURPOSE: GENERAL SUPPORT | $35,000 |
CALTECH ASSOCIATES PURPOSE: SUPPORT DONALD BEALL ENDOWMENT PLEDGE | $10,000 |