Beacon Health Foundation Inc
- Assets
- $38.9m
- Revenue
- $4.6m
- Investments
- $13.5m
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 35-1536129
Organization Overview
Beacon Health Foundation Inc is located in South Bend, IN. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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 Health Foundation 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 12/2022, Beacon Health Foundation Inc generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Beacon Health Foundation Inc has awarded 35 individual grants totaling $23,026,439. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE DELIVER OUTSTANDING CARE, INSPIRE HEALTH AND CONNECT WITH HEART.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $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 | $3,733,655 |
| Noncash contributions included in lines 1a–1f | $61,008 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,733,655 |
| Total Program Service Revenue | $0 |
| Investment income | $591,415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $242,213 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,567,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,160,059 |
| Grants and other assistance to domestic individuals. | $44,596 |
| 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 | $662,761 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,082 |
| Payroll taxes | $40,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,914 |
| Advertising and promotion | $0 |
| Office expenses | $5,340 |
| Information technology | $1,341 |
| Royalties | $0 |
| Occupancy | $17,628 |
| Travel | $13,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,630 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,245 |
| Insurance | $14,272 |
| All other expenses | $121,879 |
| Total functional expenses | $4,623,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,953,866 |
| Pledges and grants receivable | $105,000 |
| 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 | $35,424 |
| Investments—publicly traded securities | $19,349,274 |
| Investments—other securities | $13,481,366 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,146 |
| Total assets | $38,937,076 |
| Accounts payable and accrued expenses | $9,988 |
| 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 | $9,988 |
| Net assets without donor restrictions | $29,573,897 |
| Net assets with donor restrictions | $9,353,191 |
| 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 | $38,937,076 |
Grants Awarded
Over the last fiscal year, Beacon Health Foundation Inc has awarded $3,160,058 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL HOSPITAL OF SOUTH BEND INC PURPOSE: To support hospital operations and capital purchases | $2,209,209 |
BEACON MEDICAL GROUP INC PURPOSE: To support BMG operations and capital purchases | $112,791 |
BEACON HEALTH SYSTEM INC PURPOSE: To support scholarships and capital purchases | $755,073 |
ELKHART GENERAL HOSPITAL PURPOSE: To support hospital operations and capital purchases | $79,677 |
COMMUNITY HOSPITAL OF BREMEN PURPOSE: To support hospital operations and capital purchases | $3,308 |