Lucy & Emily Beasley Charitable Tr
- Assets
- $6.3m
- Revenue
- $505.8k
- Investments
- $6.2m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/1982
- Data as of
- 09/2022
- EIN
- 34-1350747
Organization Overview
Lucy & Emily Beasley Charitable Tr is located in Cleveland, OH. The organization was established in 1982. 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. Lucy & Emily Beasley Charitable Tr 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 09/2022, Lucy & Emily Beasley Charitable Tr generated $505.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $516.6k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lucy & Emily Beasley Charitable Tr has awarded 121 individual grants totaling $2,014,000. 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 |
|---|---|---|---|
Howard W Cable Jr Trustee | 3 | $74,596 | |
A Russell Smith Board Member | 2 | $12,000 | |
Gay W Cable Board Member | 2 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $153,341 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $347,782 |
| Capital Gain Net Income | $347,782 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,634 |
| Total Revenue | $505,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $98,596 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,238 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $160,592 |
| Contributions, gifts, grants paid | $356,000 |
| Total expenses and disbursements | $516,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,606 |
| Savings and temporary cash investments | $0 |
| 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 | $356,081 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,337,328 |
| 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, Lucy & Emily Beasley Charitable Tr has awarded $356,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CUMBERLAND COLLEGE PURPOSE: GENERAL | $50,000 |
Nashville, TN PURPOSE: GENERAL | $50,000 |
THE SALVATION ARMY PURPOSE: GENERAL | $45,000 |
OPEN M PURPOSE: GENERAL | $35,000 |
Akron, OH PURPOSE: GENERAL | $28,000 |
BROKEN CHAINS MINISTRY PURPOSE: GENERAL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |