Beck Family Foundation Inc
- Assets
- $342.7k
- Revenue
- $54.7k
- Investments
- $338.3k
- Employees
- 0
- Location
- Johnsburg, IL
- Founding
- 02/2000
- Data as of
- 12/2023
- EIN
- 36-4322305
Organization Overview
Beck Family Foundation Inc is located in Johnsburg, IL. The organization was established in 2000. 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. Beck Family 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 12/2023, Beck Family Foundation Inc generated $54.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $76.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Beck Family Foundation Inc has awarded 64 individual grants totaling $592,000. 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 |
|---|---|---|---|
Georgena M Beck Director | 1 | $0 | |
Robert N Beck Jr Director | 1 | $0 | |
Renee N Mccauley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $62 |
| Dividends & Interest | $10,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,916 |
| Capital Gain Net Income | $43,916 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,302 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $2,707 |
| Contributions, gifts, grants paid | $74,000 |
| Total expenses and disbursements | $76,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,402 |
| 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 | $83,757 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $342,658 |
| 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, Beck Family Foundation Inc has awarded $74,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
1ST WAY LIFE CENTER PURPOSE: PREGNANCY SUPPORT SERVICES | $1,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: ALZHEIMER'S DISEASE RESEARCH AND SUPPORT | $1,000 |
GIGI'S PLAYHOUSE PURPOSE: DOWN SYNDROME SUPPORT AND EDUCATION | $1,000 |
FISH OF MCHENRY INC PURPOSE: FOOD TO NEEDY | $5,000 |
HUNTSMAN CANCER FOUNDATION PURPOSE: MEDICAL RESEARCH | $1,000 |
RANDALL N BECK SCHOLARSHIP FUND PURPOSE: EDUCATIONAL SCHOLARSHIP | $25,000 |