Beech Grove Education Foundation Inc
- Assets
- $2.0m
- Revenue
- $48.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Beech Grove, IN
- Founding
- 07/1996
- Data as of
- 06/2023
- EIN
- 35-1982291
Organization Overview
Beech Grove Education Foundation Inc is located in Beech Grove, IN. The organization was established in 1996. 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. Beech Grove Education 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 06/2023, Beech Grove Education Foundation Inc generated $48.1k 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 (15.3%) each year. All expenses for the organization totaled $145.0k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT THROUGH STUDENT SCHOLARSHIPS, INNOVATIVE CLASSROOM GRANTS FOR TEACHERS, AND COMMUNITY EDUCATIONAL ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE AWARENESS OF THE VALUE OF COMMUNITY SUPPORT FOR EDUCATION, AS WELL AS PROVIDE SUPPORT FOR INNOVATIVE CLASSROOM PROJECTS, STUDENT SCHOLARSHIPS, AND FAMILY/COMMUNITY PROJECTS SUPPORT.
TO FACILITATE BEECH GROVE FFA IN PROVIDING AGRICULTURAL LEADERSHIP AND EDUCATIONAL DEVELOPMENT, STRIVING TO EDUCATE AND PROVIDE HIGH SCHOOL STUDENTS WITH OPPORTUNITIES IN AGRICULTURE AND RELATED INDUSTRIES. REGISTRATION FEES ALLOW STUDENTS TO ATTEND THE CURRICULUM FOR AGRICULTURAL SCIENCE EDUCATION WHICH IS COMMITTED TO IMPROVING EDUCATIONAL EXPERIENCES FOR AGRICULTURAL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas White Executive Director (started 6/2023) | OfficerTrustee | 20 | $0 |
Melody Stevens Executive Dir. (until 6/2023) | OfficerTrustee | 20 | $38,000 |
Jina Hackman President | Trustee | 1 | $0 |
Stephanie Bramlett Vice President | Trustee | 1 | $0 |
Paris Viss Sec/treasurer | Trustee | 1 | $0 |
Asha Patel Board Member | 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 | $3,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,348 |
| Total Program Service Revenue | $19,264 |
| Investment income | $6,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,136 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,218 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $38,000 |
| 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 | $3,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,810 |
| Advertising and promotion | $0 |
| Office expenses | $1,682 |
| Information technology | $1,536 |
| 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 | $2,487 |
| All other expenses | $665 |
| Total functional expenses | $144,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,656 |
| Savings and temporary cash investments | $0 |
| 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 | $1,832,871 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,962,527 |
| 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 | $1,235,406 |
| Net assets with donor restrictions | $727,121 |
| 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 | $1,962,527 |